People new to business is like going back to school, there are many things to learn and tasks to do. Often, this chaos of thinking what to do makes the entrepreneur “paralyzed”. Here are 10 “DO-IT-RIGHT-AWAY” tips that will help you move towards business growth.
For a new entrepreneur, starting a business can be a mystery. You just do not know where to start because there are so many things to do and so many risks you want to avoid. Generally, there are two ways to begin. Some start by doing a business plan, while others just start selling with only a product in hand and market in mind. I like to call the latter Quick Set Up. Both paths can be a good way to initiate the business. The business plan is effective if you plan to bring in investors early on in the business. On the other hand, Quick Set Up is a good way to get the ball rolling fast and find out if your are assumptions are correct or not. For this article I will not focus on starting a business by creating a formal business plan. Instead, I will zero in on the entrepreneur’s way of starting a business. Continue reading
The fate of a small business depends on the foundation it was built upon. The most important factor during the start up phase is the owner; for he lays his vision as the foundation, and his values serve as the cement that binds the corporate culture. However, having good vision and values do not ensure the success of a venture. Both are only concepts and will remain as concepts unless it is being acted upon. Continue reading
Passion can be interpreted in many ways. It can mean love to a teenager who sees a beautiful girl or handsome boy, or it can mean anger to a basketball coach who is frustrated about the outcome of a tournament. For the entrepreneur, Passion is the key to success. Passion is what drives the entrepreneur to take action and to last long. Passion is what makes him do things for the sake of it. Passion is what gives him the positive side of things when situations get bad. Continue reading
Business plans do not have to be complicated, but it has to touch on important points that affect the business. When creating a business plan you have to be clear and concise so that is can be easily understood by the people who will read it. It must serve as a manual for your current and future employees. It must be able to describe what you want and how to get them.