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Entrepreneur

The Importance of Writing a Business Plan

If you’ve started a business, you may or may not have written a business plan. After all, writing one is a long, tedious process and takes up time you could be spending marketing and selling. So why should you take a week out of your hectic schedule to put together a business plan? The largest misconception among entrepreneurs regarding the importance of the business plan is what value it adds to the venture. The truth is that the plan itself ...

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Do I need a business plan?

Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a comprehensive business plan that is well thought out and demonstrates sound business reasoning. If you are approaching a banker for a loan for a start-up business, your loan officer may suggest a Small Business Administration (SBA) loan, which will require a business plan. If you have ...

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12 Things Entrepreneurs Should Be Thankful For Customers.

Getting to pick the exceptional people we work with. An opportunity to add value, big or small, to people’s lives. Not having to ask permission to try something crazy. The patience and understanding of our family and friends — especially when we likely don’t deserve it. Receiving payment for value delivered. There’s no feeling like it. The joy of seeing a sliver of light after some dark, dark, days. The freedom to change what’s not working. It’s sometimes painful, but ...

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10 Ways to Grow Your Business

Looking to take your business to the next level? Then check out these 10 practical ways to expand your business. When you first started your business, you probably did a lot of research. You may have sought help from advisors; you may have gotten information from books, magazines and other readily available sources. You invested a lot-in terms of money, time and sweat equity-to get your business off the ground. So…now what? For those of you who have survived startup ...

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15 lessons to business success

Here are some tips to consider before you start a business, and to help your business grow in the future. As Ringo Starr might have sung: “You’ve got to pay your dues if you want to sing the blues. You know it don’t come easy!” This is a fantastic point for all of us in business to grasp. Out there are thousands of admired businesses where some business leader has learnt the simple rules of creating not just a good ...

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How Young Entrepreneurs can make time for Love

With the arrival of yet another Valentine’s Day, a young entrepreneur’s thoughts may turn to love. And though many of us yearn for it, we often think we simply don’t have time because we’re so busy with our business. Marc Randolph, co-founder of Netflix, explains the situation he experienced as an entrepreneur with six startups under his belt, “Starting a company requires a marriage-like commitment — for better or worse, richer or poorer, sickness and health…” In other words, you’re ...

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10 Ways to Grow Your Business

When you first started your business, you probably did a lot of research. You may have sought help from advisors; you may have gotten information from books, magazines and other readily available sources. You invested a lot-in terms of money, time and sweat equity-to get your business off the ground. So…now what? For those of you who have survived startup and built successful businesses, you may be wondering how to take the next step and grow your business beyond its ...

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Balancing Part-Time Business with Full-Time Job

  Imagine this scene: your deadline to submit the completed project to your biggest client from your part-time business is tomorrow and you plan to work all night long to finish the work. However, your boss from your day job tells you that a rush project came along, and that you may need to go on overtime to finish the work for a management presentation at 8:00 am the following day. If you do well on this assignment, a promotion ...

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13 top businesses to start in 2013

The entrepreneurial spirit has never been higher than it is now. According to the Kauffman Foundation, a leader on entrepreneurial data, over 540,000 new businesses are created in the US each month, many of those by young first-time entrepreneurs. Technology has made starting a business easier than ever, and it has created a number of new niche business opportunities for the tech-savvy, health focused, and environmentally conscious millennial generation. So, without further ado, if you’re thinking about starting a new ...

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