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Innovation incubator: Build it and keep it running If your company is like the one I work for, your people are talking about the need for innovation. Mine has just announced a new program "that will bring a standardized approach to gathering and evaluating your ideas for generating new revenue and improving our business. Abstract Business Marketing Strategy for the Entrepreneur If you look at those Corporations in franchising today you see the great companies that use these systems to move markets and deliver products and services to America. Franchising is obviously a power play in the marketing strategy game book. Solo Mojo for Solo Entrepreneurs --- Where's Your Juice? I recently read a magazine article about Andrew, a 42-year old businessman. He gave up a demanding law practice in the Northeast, moved South to launch a new furniture and interior-design store, and wrote his first fiction novel in the midst of that transition. How You Can Earn $1000 A Week Part Time About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - "financial spread betting". Pre-Money vs. Post-Money Valuation When a company decides that it must raise capital, a key question that must be answered is how much the company is worth. For example, if the business needs $500,000 to get started and/or grow, how much of the equity in that company should $500,000 command? Once this question is answered, the company will go out and try to find investors. The Entrepreneurs Prayer As I awaken with the gift of yet another day and prepare for thetasks at hand, I offer up this most ardent prayer:I pray for continued clarity of purpose so that I may hold myvision steady and keep my focus on the needs and success ofothers, which in turn shall bring me my success.I pray for the wisdom to expect abundance in my life, that itsurrounds me and is available for the taking and to be shamelessand unapologetic upon its receipt, for I deserve abundance. Financial Issues in Business Startup A primary inhibitor of business start-up is that few people have the financial cushion to give up a job for the uncertain income of a start-up venture. In a recent survey, about 30% of new business founders identified inadequate funding as their biggest hurdle, and a similar amount said lenders were too conservative. Why Most CEOs & Entrepreneurs Fail? Times are tough. The economy is in a constant state ofupheaval. What It Takes To be An Entrepreneur Series: Action Many people have the professed desire to be their own boss, start their own business ecetera, ecetera.. Good Questions, good Answers; Bad Questions, Bad Replies I'm convinced that asking the right questions is one of the most important skills you need to become a successful business person. Questions have the power to direct you or to distort you. Used-Book Case Study Dwight Payne and Gary Heap reside in Santa Barbara, CA, where they attend college and pursue their mutual hobby of science-fiction book collecting. They pooled their book collection of over 4,000 volumes, and sci-fi magazines going back over twenty-five years. Designing a Comprehensive Franchise Company Computer System One of the most important management tools a franchised company needs is a great computer system. The system must integrate with all the franchised outlets and also be able to interface with the Corporate HQ computer system. The Business and Life You Want to Build In the early days of my first consulting business, I knew I needed some sort of plan to give me the greatest chance at success. I took many a wrong step, yet in the end I managed to put a solid business together. If It Was Easy Everybody Would Do It Q: I started my business about a year ago and everything is going fine. We're growing and making a profit, but the stress of running the business is really starting to get to me. Developing A Contract As a service provider, the most important type of "boundary" you can set as a business owner involves those policies and procedures that govern how you interact with your clients. The more precise you can be about the services you provide, your fee structure, and what you expect from your clients, the smoother your work relationships will be. Needs Versus Wants For Entrepreneurs How often do the words "I need" come out of your mouth, as it relates to your business? When you run your own company, it's easy to think that the only way to succeed is to be moving forward with your expenses -- the newest technology, a broader circle of professionals providing you services, involvement in more and more costly marketing efforts, etc. And it's particularly difficult to resist the urge when you know you can generally take a tax DEDUCTION for any business expenses. Be an Entrepreneur The Department of Labor predicts that the #1 employer in 2010 will be "self." A recent Internet poll of 25-44 year olds revealed that 90% of them hoped to own their own business. Secrets of My Favorite Government Auction I love bargains. And there's no better place to find bargains than an auction. Reducing the Stress of Being an Entrepreneur Starting and running your own business can be exciting and rewarding, but it can also be very stressful. For most of our almost 40 year marriage my husband has been an entrepreneur and I have sometimes worked with him. Entrepreneurs: Benefits vs. Features-Know the Difference! Entrepreneurs know their business. They know their product, their service.
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