As a business owner, one of the most significant challenges you’ll face on your journey to success is assembling a team of individuals who can capture your vision and help you execute it as you’ve imagined. These team members must not only embrace your vision but also possess the skills and dedication necessary to bring that vision to life. This task goes beyond merely hiring…
Building a successful business from scratch can be both exhilarating and challenging. It can also be terrifying! Not to worry: With the right knowledge and skills, you’ll soon have your new business up and running — just like a pro! Whether you’re a seasoned entrepreneur launching a new venture or a newcomer to the business world, you’ll find valuable insights and practical tips here to…
Life as an entrepreneur is hectic. You’re in charge of everything. Not only do you have to sell whatever product or service you’re offering, but you also have to ensure that the operational side of the business runs smoothly each day. Ongoing tasks like bookkeeping, invoicing, and expense monitoring can’t be done by just anyone, so you’re also in charge of those tasks. An entrepreneur’s…
Hiring the right employees is crucial for the success of any business, but it’s a task that many entrepreneurs wrestle with daily. It’s not just about filling a vacant position; it’s also about finding the best fit for the job and the company culture. Many business owners have HR folks handle this for them. But in smaller companies, the owner is often left with this…
There are many ways to expand your business. One is to focus on increasing sales. Another might be to ramp up your marketing efforts to drive more revenue. You could add new products and services to the lineup of offerings, thereby giving yourself more breadth. Or you could expand exponentially by purchasing another company. An Acquisition Could Be the Solution If you’re in a position…
Many people start a business because they like the idea of being a business owner. They believe that once they get the company up and running, they’ll be able to take off and live the life of a wealthy business person — lounging on the beach with a cool beverage in hand — while the company chums merrily along without them. The reality is that…
Very few people in the world are born public speakers. For those lucky few, the thought of speaking in front of people may fill them with anticipation and excitement. For most of us, that’s not the case. We have to learn public speaking skills. Then we have to practice until we reach the point where we can walk on stage with courage and confidence. If…
Creating an environment that fosters Innovation can be difficult. Many corporate offices and structures tend to stifle creativity rather than promote it. But fostering creativity and promoting innovation can be incredibly beneficial to business owners. Creativity and innovation in the workplace lead to better products, improved processes, higher revenues, and greater employee satisfaction. Innovation Defined Innovation is the process of creating something new or improving…
When I started my first company, I had no idea what I was doing. I winged it every step of the way, every day. Finally, I got smart and started reading. I learned a lot about building a successful business from the likes of Jim Collins, John C. Maxwell, and Seth Godin. That, combined with the knowledge and experience I picked up along the way,…
Do you think you have a fool-proof idea for a new business startup? Have you seen a need in society that you are able to meet? If you’re ready to pursue starting your own business, here are the first steps you need to take to get started achieving your dreams. Conduct Market Research When launching a business, market research is crucial since it enables you…
Small business entrepreneurship comes with its struggles with a variety of issues, including acquiring clients and obtaining cheap health care. Entrepreneur Garen Armstrong lists 6 typical issues that small businesses encounter and provide solutions. 1. Customer acquisition and marketing Garen Armstong’s small business entrepreneurship guidance is to Get More Clients. Unfortunately, it’s easier said than done to develop a strong clientele. Here are some suggestions…
Do you have a way of collecting customer testimonials and reviews from your customers? If not, you should. Online reviews may be more critical to your business success than you think. Gone are the days of casual shopping. Yes, specialty boutiques still pop up in both large cities and small towns, providing an interesting diversion for those with time on their hands. But for everyday…
Has anyone else noticed that the overall quality of the goods and services we’re purchasing has dropped in the past year? Hotels that previously offered free breakfasts now don’t. They don’t provide room cleaning for guests staying more than one night, either. Some hotels don’t even have coffee makers in their rooms anymore. Meal portions look smaller in our favorite restaurants, and wait times are…