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Oil Change Guys History; Part II Franchise companies are not born they are made and when studying the history of franchise companies, it is amazing how similar they really are. To continue this story we are in the height of the Dot Com Bubble with money flowing in Silicon Valley and personal services and labor is at a premium indeed;Before Oil Maxx's downfall, Oil Maxx with the foresight of Mr. Should You Write Your Own Business Plan? If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread. Achievements Outweigh Education and Experience Q: When it comes to succeeding in business, which do you think is more important: education or experience?-- Regina M.A: Regina, have you seen the television show, Fear Factor? If you haven't seen it you've probably heard about it. Are You An Entrepreneur? With all the buzz about everybody being an entrepreneur these days wouldn't it be nice if you could really find out if you have what it takes?Sure it would.The following profile was adopted over a period of several years of research from successful entrepreneurs worldwide to assist would-be entrepreneurs determine if they have the traits to undertake a new venture. When Your Business Feels Like an Arranged Marriage Q. I was laid off six months ago. Franchise Business and Franchise Businesses Franchise business is being part of a successfully proven business that has a name or trademark that is well known and profitable. Franchise businesses are strategically tried and marketable with options to expand by offering products and services that appeal to the consumer. The Risks of Entrepreneurship The "spark" for many entrepreneurs is seeing an opportunity that doesn't yet exist. Ted Turner, for example, launched CNN because he perceived that people wanted more television news than they were being offered. Six Degrees of Separation Through just five or six intermediaries, you could be linked to millions of others. It is the notion behind what has been dubbed the small world effect. Entrepreneurial Traits that Drive Sales Frequently overlooked and hidden deep within our marketing tool box is the ultimate marketing vehicle for your business - you! Many small business owners are so busy figuring out how to increase sales and revenue they forget to grow themselves as business owners. If you aren't evolving yourself, aren't you being counterproductive to your business development? Marketing our businesses isn't just about what ads to buy or what networking event to go to next; it's about us as people, as entrepreneurs. Raising Entrepreneurs: What to Do When Your Kid is Born to Think Differently Adolescence brings with it many challenges - for both parents and kids. Young people, still new to the world, are embarking on a journey to discover their passions, joys, and authentic self-images. Work vs Play: Which is the Better Way to Make Big Money? If you want to make big money, you have to play not to work."What do you mean by that?" You ask. Taking Charge and Getting Results: The Choice is Yours As one of the most successful direct sales entrepreneurs in the industry, I have found there are two kinds of people in the world, those who would like success and those who are serious about success. There really is no in between. Why Every Student Should Start a Business With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs. 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 Magic of Thinking Small Hey!Many of you might disagree and I'm prepared for that.Many 'guru's' might say "Mike, you're wrong. Think - Dont React How you think, your relationship with yourself is what decides how well you communicate with your customers and relate to your team.The most important relationship you'll ever have is the one you have with yourself so you've got to get that right. Vendor Relations Communication is the key to vendor relations. In your small business, you will be in need of many products and services. The Perfect Little Coffee Shop: Are You Afraid of Failure? Are You Letting that Failure Cripple You Ah, coffee, the drink of choice when I want to share a special moment with friends, when I want to sit and ponder life or when I want a moment alone. I am an avid coffee drinker. Entrepreneurs - Your Well Being Should Come Before Profits I believe the spiritual aspect of life, especially to entrepreneurs, is very important. While business may be the focal point for an entrepreneur's life, it's your outlook on life that shapes what kind of person you are. Could a Non-Profit Structure Be Right for Your Business? If you have a business idea, or an idea for a servicefor your community, there's one decision you must makeearly on: are you going to structure your project as afor-profit business, or as a non-profit corporation?Now, it may be that you already have a clear idea aboutthis. Some business ideas are clearly "for profit".
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