GlobalBX Entrepreneur Business Articles - August 2009

15 Lessons For New Entrepreneurs

What Is an Entrepreneur? The conventional definition of “entrepreneur” goes something like this: “A person who innovates while taking a risk in developing a product, service, or business.”  Another definition, a bit less precise but equally effective: “Someone who identifies an opportunity and creates a means to pursue it.”  Either way you look at it, [...]

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How Do I Value an Existing Business for Sale?

Let the Buyer (ALWAYS) Beware As a proper thinking entrepreneur, you have decided that the pizza place that’s been on the corner of your street for 15 years – and is now for sale by its original owner – would be the perfect business to buy.  You have some cash on hand, you know that [...]

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How To Own a Business – From Dream To Reality

Is Owning a Business in Your Future? At one time or another, nearly every employee dreams of owning a business.  Perhaps you’re tired of all your hard work ending up helping someone else achieve his or her entrepreneurial success, or you may fear for losing your job in a weakened economy.  Whatever your motivation, the [...]

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How Do I Find New Business Opportunities In My Area?

Look Out – Businesses For Sale! Thanks to the Internet and its worldwide audience, information on anything imaginable (and hardly believable) is only a few clicks away.  If you are an entrepreneur on the lookout for a new business opportunity, scanning the Web can prove worthwhile.  It can also be an immense waste of time, [...]

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Cheap Franchise Opportunities – How Much Does an Inexpensive Franchise Cost?

Are There Cheap Franchise Opportunities Out There? There are three aspects to coming up with the kind of money it takes to buy a franchise – coughing up the initial franchise fee, finding a place from which to do business, and paying for supplies and inventory.  Cheap franchises are an especially hot commodity in a [...]

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The Ascent Of Earned Media

Brands and marketers are rapidly leaving the orbit of “paid media” dominance and entering the gravitational pull of the age of “earned” and “social media.” But, first, a definition, compliments of Wikipedia: Earned media (free media) refers to favorable publicity garnered via efforts other than advertising, as opposed to paid media, which refers to publicity [...]

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Will Your Content Change The Internet Weather?

“Hey, come take a look at this storm system. It’s enormous.” – Hideki, Japanese astronaut, The Day After Tomorrow (2004) Lots of people missed the big news of the Beijing Olympics.  It wasn’t that Mark Phelps won 8 gold medals.  It wasn’t that the U.S. edged out China on the total number of medals.  It [...]

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Intel Plays In All The Fields But Size Matters!

“Well, that’s right, Professor Frederickson, and that all matter is made up of not only density but of empty space, and if we can proportionally reduce the amount of empty space in any given object, we can, thereby, shrink the object.” – Wayne Szalinski (Rick Moranis), Honey I Shrunk the Kids (1989) We always enjoy [...]

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Where Will You Store The Rushing Waves Of Content?

“We got Hurricane Grace moving north off the Atlantic seaboard. Huge… getting massive. Two, this low south of Sable Island, ready to explode. Look at this. Three, a fresh cold front swooping down from Canada. But it’s caught a ride on the jet stream… and is motoring hell-bent towards the Atlantic.” – TV Meteorologist, The [...]

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Computing Without the Hardware … Software … Support … Fun

“Law I:  A robot may not harm a human or, by inaction, allow a human being to come to harm … Law II:  A robot must obey orders given it by human beings except where such orders would conflict with the first law … Law III:  A robot must protect its own existence as long [...]

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Changing The Face Of Personal Communications

“I’ve been there myself. The fear, the adrenaline, you find yourself imagining things, impossible things, crazy things, insane things … takes years to get over it.” – Dr. Peter Silberman – Terminator 3:  Rise of the Machines (2003) Maybe because our kids attended the same high school as Jobs and Woz they can’t imagine things [...]

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Content Protection – Fair Use Have To Be Fair For Everyone

“My idea, Plissken. Something we’ve been fooling around with… The capsules are already starting to dissolve … In 22 hours, they’ll be dissolved down to the cores. I estimate that you’ll be dead in 10 to 20 seconds from internal bleeding …” - Bob Hauk (Lee Van Cleve), Escape from New York (1981) It’s all solved [...]

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Online Video … But Different

“This show as prerecorded earlier, because it didn’t make much sense to prerecord it later.” – Gary Owens, announcer – Rowan & Martin Laugh-In (’68-’73) The writers’ strike was all about giving their members a “fairer” proportion of the growing volume of online content.  Since it appeared to be a prolonged affair Tellywood focused a [...]

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When Is Price Not The Most important Factor When Selling Your Business?

When the full content of the deal in its entirety is fully explored and strongly considered … price, financing terms and conditions, taxes, debts, real estate, sellers goals, and the qualifications / resumes of all parties involved are all factors that should be fully considered in a well thought out deal. “If I could get [...]

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Do People Know What You Do?

I was with a business contact of mine the other day and mentioned a project that we were working on for a client of ours. To my surprise he said to me, “I didn’t know you did that!”  That made me think. Just because YOU know what you do, does that mean other people do?  [...]

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Starting a Business Beats Looking for Jobs

The Risky Economy A job search under any circumstances is no treat – rewriting your resume at least a dozen times, job searching on the Internet day after day, and landing maybe two interviews for every hundred openings you dig up – but in a shaky economy it can be downright brutal.  Business revenue declines, [...]

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List of 9 Types of Entrepreneurs

Personalities and Entrepreneurship As any business owner knows, it takes a certain type of person to operate a successful business.  But did you know that experts have identified as many as nine different kinds of personalities that apply to entrepreneurship?  By looking at any list of entrepreneurs – business owners who have built successful companies [...]

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Business Start Up Costs: How Much Does It Cost to Start a Business?

Cashing In on a Business Start Up More people than ever are deciding to start their own businesses, so why should you be any different?  Whether you choose to acquire an existing company, start one from scratch, or purchase a franchise, there are a number of costs associated with buying a business.  Knowing what they [...]

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How Do You Negotiate When Buying a Franchise?

A “Take It Or Leave It” Culture? Companies that franchise their retail operations have a set way of doing business.  In many cases they have created a successful franchising system over the course of many years, and in dealings with hundreds if not thousands of franchisees.  Let’s say that you want to buy a franchise.  [...]

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Franchise Law: Franchising Law & Franchise Law Firms

Equal Protection Under the Law Laws are generally in place within a society to provide protection for the citizenry.  There are many areas of law, with criminal and civil as the two main categories.  However, there exist many subdivisions and specialties within each class, and legal experts in one discipline may not know a great [...]

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