Entrepreneurs & Entrepreneurship Articles For Entrepreneurs & Small Business OwnersWinning Strategies for Immigrant EntrepreneursSarah Wayland, project manager of Winning Strategies for Immigrant Entrepreneurs, shared with The Globe and Mail her studies on the experiences of entrepreneurs who immigrated to Canada. She found them hungrier to succeed and more hard working. Despite their disadvantages as to language and culture, their willingness to succeed and business acumen have served them […] Entrepreneurship and Sourcing Business IdeasWhen it comes to creating a business venture, any future success is bound to have its origins in the initial concept. So long as the core business idea is well conceived and suited to the contemporary consumer market, it will be afforded every possible chance of long term success. The issue that faces most novice […] Making The Leap To Entrepreneurship – Start Your Own BusinessThere are many people who dream of owning their own business. Some even leave their jobs to be entrepreneurs. Karen E. Klein in her article at Businessweek.com explains the entrepreneur’s mindset as “entrepreneurs embrace risk and view it as opportunity”. If you are have this mindset and if you believe this is the life style […] When to Quit your Job to Become an EntrepreneurKaren Klein at Businessweek.com compiled answers on a question from a reader who wants to know when the right time is to quit one’s job. The reader wants to open his or her own business. Various experts on entrepreneurship have different ideas. A business coach from New York advises to “wait until their new venture […] Basic Sales Principles for Entrepreneurs / Business OwnersGarry Duncan, in an article that appeared at Businessjournals.com, enumerated a few key principles for sales people. Among the roles of a business owner is being the company’s top sales person – the rainmaker. It is not enough that you, as an entrepreneur, know everything about your products or services. You should be able to […] Key Pointers to Starting a New BusinessMaria Contreras-Sweet, a former corporate executive and one-time government official, started Promerica Bank, the first Hispanic-owned bank, in Los Angeles in 35 years. In an IBM webcast during Global Entrepreneurship Week in November, she gave the audience pointers on how to start a successful business. She advised future entrepreneurs to do research first before quitting […] Empowering Your Staff as an Entrepreneur: 3 Steps to SuccessWhile the current economic climate hardly lends itself to commercial growth and prosperity, the practice of entrepreneurship continues to remain a viable option for many. As concepts such as outsourcing, social media marketing and networking have driven down the cost of business start ups throughout the world, it has become far easier for entrepreneurs to […] Presenting Your Plan: What to Know Before Meeting with Potential Lenders and InvestorsYou know you need to raise funds to bring your dream of owning your own business to life. You’ve done the research and have put together a formal business plan. Congratulations! You’re ready to meet with potential investors. So, before you ask someone for a huge chunk of money to back your business idea, ask […] Attention Entrepreneurs – Do You Have What it Takes to be a Winner?Not everyone can be a successful entrepreneur. Mark Zwilling, in his post at StartupProfessionals.com, says individuals with “unwavering passion and sense of urgency” are likelier to succeed. Angel investors seek this quality in entrepreneurs. Briefly, he or she should be articulate and honest, must have confidence and experience, must have studied the business venture’s ins […] C-Corp, S-Corp, or LLC?How Do I Decide Which Entity To Go With? This is probably one of the most frequently asked business legal questions of all time: which entity should I organize by business under and why? Well, it depends (typical attorney answer). Business owners organize (formation of entity) for tax and liability purposes. For the typical small […] Entrepreneurs Don’t Need Work-Life BalanceJeffrey Stibel of Dun & Bradstreet Credibility Corp. zeroes in on common characteristics of entrepreneurs. He wrote in the Harvard Business Review that entrepreneurs like him are always focused on their dream or vision 24/7. This blinding passion to achieve their dream has brought imbalance in their lives. He said most of them skip meals […] Buying a Business – 7 Things You Need to KnowAn entrepreneur appreciates the benefits of buying a business compared to starting his or her own business. An existing business has laid its foundation, saving the new owner time, money and effort to hurdle the birth pains of a new business. It has trained employees as well as product brands and a company name known […] Entrepreneurs Learn From Their MistakesEntrepreneurs have a different mindset compared to us, regular individuals. What we call failure, they call lessons. Once they set their mind into a task, they proceed one small step at a time. They really desire what they want to do; do it and pause to see if it works. If it doesn’t work, they go […] Viable Business: Things to Keep in MindWhile developing a business idea, you should keep in mind dozens of factors that will work for its successful implementation in real life. However, several aspects require special attention. 1. Identify the target consumer of your product/service or target group that you aim for. You need to carefully examine the needs and preferences of this […] 10 Tips on Using an Investor to Help You Buy a BusinessHow will you go about buying a business that matches your skills and experience? Very few people have the means to buy a business without resorting to borrowing or looking for a business investor. Financing your business is an important step towards realizing your dream of owning your own company. The first source of funding […] 15 Tips to Become a Successful EntrepreneurWhat makes an excellent entrepreneur? Kelly O’Neil in his The Secrets of Success blog outlined 15 characteristics of an excellent entrepreneur. This is a result of his association with extraordinary and successful entrepreneurs. Excellence is not inborn. It is something you have to work at. A high performing entrepreneur should care about his company and […] 10 Tips on How to Buy a Business the Right WayBuying a business is a big and life-changing decision that also involves your family. You have so much at stake – your savings, energy and time – that the buying process could be overwhelming. Buying an existing business is less risky than starting a new one. Its advantages include an existing market, trained employees, ongoing […] Meet Customers and Suppliers Before Buying a BusinessThe success of a business depends not only on a business owner’s efforts but also on reliable suppliers/vendors and satisfied customers. It is prudent therefore for you, the buyer, to talk to the seller’s key customers and suppliers before committing to buy a business. It is usually when the purchase of the business is about […] Is Integrity Important to Business? Warren Buffett vs. Steve Jobs, Mark Zuckerberg vs. MySpace AnalysisOne thing you often hear business gurus teaching is the importance of integrity. In order to succeed in business, you must honor your agreements. Your word is your bond. It seems to make sense – After all, business is all about trust. It’s about win / win arrangements between consumers and producers, between vendors and […] Why You Should Start a Business TodayWorking in the corporate world is no longer an assurance that you will always have a job. With employers scaling back, the built-in stress, fixed hours, having a boss, and probably not enjoying your job, you are better off starting your own business. StartupNation.com has more on why you should shift to owning your own […] |
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