Entrepreneurs & Entrepreneurship Articles For Entrepreneurs & Small Business OwnersKnowing Your Products And ServicesYour products or services are the heart and soul of your business; without them, your business cannot exist. Much like the human body, a healthy heart is imperative to a healthy body. Although there are other organs and appendages that carry out the body’s functions, none of those can be completed without a functional, intact [...] Taking Aim With Your BusinessAt the start of a new year, it’s a good idea to take stock of your business by reviewing your Vision, Mission, and your Main Business Goals (If you don’t have a Mission or Vision statement, click here to download an exercise on writing them). Now, I hear you asking, “How are a Mission and [...] Start or Buy a Green Business – Measure Twice-Cut OnceI believe there exist a disconnect between all the news media exposure regarding the “green movement”, “green jobs” and the actual mindset of most small business owners and entrepreneurs. It is no doubt that “green” has become one of the more reported on phenomenon over the last couple of years. The US election had strong ties [...] Creating The Success MindsetThe downturn in the economy has led many to a mindset of fear and scarcity. It is difficult for entrepreneurs and professionals to succeed if they cannot picture or perceive that success. As top level athletes will confirm, along with all of their preparation and training, they visualize their successes prior to competing. Dr. Jim Gottfurcht, PhD, one [...] Listen To The BeatEver feel that doing the right thing to please others is costing you more than it should? Here’s your dilemma. You want to do your own thing, but you also want to be accepted. You want to “fit in”. You want to do the right things so that you can be successful at your chosen [...] Appreciating Your TeamIt’s been said that on a plane trip, President George Bush senior personally wrote 40 notes of appreciation to various members of his staff. When his aides compared their notes, they discovered that every one of them was different. You can imagine how much each person appreciated his or her note. And most of them [...] The Keys To Business SuccessDun & Bradstreet reports that “businesses with fewer than 20 employees have only a 37% chance of surviving four years (of business) and only a 9% chance of surviving 10 years.” The Lessons in this module, The Six P’s of Success, are dedicated to helping you thrive, not just survive in your business. By enhancing [...] Disadvantages of Buying Businesses for Sale by OwnerBusiness for sale by owner, or FSBO, is an attempt by a business owner to sell his or her own company. While it is understandable that offers of this kind can easily attract a lot of interest, prospective buyers of FSBO should exercise a significant amount of caution; such an opportunity can often prove to [...] What’s Hot and What’s Not: A Six Step Process to Identify Promotional Opportunities to Target Your MarketAccording to the experts, new technology appears online approximately every two and a half seconds – and theoretically, every new application has the potential to transform your business. How do you know what’s worth your time and what’s a total time-waster? That’s a serious question, when you only have 24 hours in a day and [...] Change Is A ChoiceSometimes in business or life, we encounter ‘pivotal’ points where we have the opportunity thrust upon us to make changes. A death, a major illness, or a major economic upheaval can force us to take stock of our lives at that point, and make changes. But isn’t it better to seize the opportunities to change [...] How To Choose A Business PartnerIf your business is going to be owned by more than one owner, the simplest business form to create and operate is a general partnership. Forming a partnership entails an agreement between two or more prospective partners. Whomever you choose to be a partner in any given business venture lies solely in what skills, attributes, [...] Ten Richest Canadians – How Did They Get So Rich?Billionaires From the Frozen North Any annual listing of the world’s richest people invariably conjures up many of the same names from one year to the next. Yes, Warren Buffet is on there, and so is Bill Gates. Ho hum. But the average American-centric observer usually fails to recognize the wealth and entrepreneurial spirit that [...] Most Powerful Women in Business 2009Women in the Boardroom, and Beyond Over the past several decades, women have gained a far more prominent position on the American business scene. Once relegated to roles of subservience, as viewers of the AMC television series “Mad Men” can attest, female corporate executives have continued to assert themselves in boardrooms across the country. The [...] Advantages of Buying Businesses for Sale by OwnerBusinesses For Sale By Owner (FSBO) Existing businesses are being sold all the time, but many sellers elect to use the services of a business broker. This saves them time and effort, although a broker – no differently than a Realtor in the housing market – is paid a fairly substantial commission for handling the [...] Get a MBA or Buy a Business?Buy Business, Profit Now – Get MBA, Profit Later? Recent college graduates and those contemplating the completion of their studies in the near future – specifically those majoring in business – are often torn between two disparate choices. The question asked most often is, “Should I stay in school and earn my MBA (Master’s of [...] Buying an Existing Business vs. Starting My Own BusinessYou are an entrepreneur … or small business owner … or aspiring small business owner … and you want a new venture. Do you buy an existing business? Do you start your own business? Buying an existing business can be safer than starting your own business from start-up. Business startups unfortunately have a fairly high failure [...] Innovative Business Ideas – How To Turn Your New Business Idea Into GoldCreating Your Dream Business Behind every successful company is a founder who had a dream that eventually became a reality. Examine any of today’s prominent entrepreneurs and you will discover a shared thread of traits. These are talent, vision, and perseverance in the face of all obstacles. If you possess an idea that you believe [...] Business Planning – What Works and What Doesn’t?Creating a Viable Business Planning Strategy New owners of businesses should feel compelled to engage in the business planning process, whether they are starting a brand new venture or taking over one that is already up and running. Anyone who fails to take this all important step – akin to jumping out of an airplane [...] 15 Lessons For New EntrepreneursWhat 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, [...] List of 9 Types of EntrepreneursPersonalities 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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