Having their own business is something many millions of people dream of doing. Many do, of course, but so many others never quite get around to it. One of the factors that may discourage people from getting that business off the ground, is a lack of start up capital; and another may be the risk [...]
Most new small businesses won’t be in business this time next year. That’s the cold hard facts. Though it is easy to start your own business, it takes a lot more to succeed in business. There are seven common mistakes made by small business owners. Let’s explore them so you can avoid them.
Mistake #1: Neglecting [...]
Did you know that satisfaction is the number one emotionpeople want to experience about their life and business?Yes, fame and fortune are up there, but satisfaction isthe key. Satisfaction is about contentment, gratitude andpure joy. Are you satisfied with your business and yourlife? If not, read on and see how you can transform yourlife in [...]
How far can you go based on your relationship with an alliance partner?
The imaginary line you draw in the sand will let you know when an alliance is getting close to failing. I would suggest setting the line a little higher than the disaster point. As a matter of fact, the line should sit around [...]
Where would a business be without a business plan? A business plan sets the course for the future of the business. It gives the business owner or manager a sense of direction, listing the objectives and goals of the business from the outset.
Writing a business plan requires a lot of time; a successful business plan [...]
If an organization lacks a mission statement, it is worthwhile to at least try to draft one. Even if it does not yield an acceptable final draft, the exercise will be rewarding for the hard work which must go into figuring out the company’s direction and putative purpose.
Mission statements can help companies determine their proper [...]
There is a rather famous true story called "Acres of Diamonds".
It is about a successful farmer who risks everything searching the African continent for diamonds. Ultimately he dies sick and penniless, while the new owner of his farm uncovers on his property the largest single diamond ever known to man.
Point [...]
As a business owner, you already know how important it is for your customers to feel safe about doing business with you. After all, if a customer even suspects he may not receive everything he was promised, then chances are he’s taking his business elsewhere. So to prevent that you offer guarantees, secure payment methods, [...]
Approximately 200,000 new businesses are started each year. More people are expected to start a business for themselves this year than ever before. With economic fluctuations rippling through the business world, more and more people are getting laid off every day.
People often need help finding the information they need to become a successful business owner; [...]
Do you operate your business as a series of projects, using project management tools and skills to advance your projects from conception to completion? Or perhaps you’re new to project management tools and skills and haven’t considered applying them to your own business? Most of us fall somewhere in between.
Running a productive and efficient business, [...]