Category

Entrepreneurship

Build a Strategic Plan and Engage Employees for Business Success

How to Build a Strategic Plan and Engage Employees for Business Success

By | Business Growth, Business Strategy, Entrepreneurship, Small Business

Most human beings have a deep-seated need to win, especially when it comes to their career aspirations. However, as any manager knows, winning means different things to different people. To come up with a strategic plan for your organization, it’s imperative to meet with employees regularly and determine how each person defines winning in a business sense. As the manager, it’s your job to pull…

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Successfully Marketing Your Business on a Budget

Successfully Marketing Your Business on a Budget

By | Entrepreneurship, Small Business

Without marketing, your small business will not continue to attract new customers and grow. You understand this and want to market your business, but you might also feel that you can’t afford it as a new small business owner. The good news is that your initial marketing efforts don’t need to break your budget to be effective. You just might be surprised at how far…

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Strategies to Successfully Manage Small Business Debt

Strategies to Successfully Manage Small Business Debt

By | Business Strategy, Entrepreneurship, Small Business

One of the most common reasons that small businesses fail within the first two to three years is that owners fail to set aside enough money for startup costs because they underestimate how much they will need. When you add this to the fact that it can take a while to turn a profit, it’s easy to see just how starting a small business can…

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Four Steps to Successfully Refresh Your Business Brand

Four Steps to Successfully Refresh Your Business Brand

By | Business Strategy, Entrepreneurship, Small Business

If your business brand is not performing well or you simply feel bored with it, you may assume that it’s time for a complete rebranding. While that may be true, sometimes the brand simply needs some refreshing. Below are some tips to help you pinpoint the problem areas so you can determine exactly how much change your brand really needs. Discover the Pros and Cons…

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What Bankers Expect from your Business Plan

What Bankers Expect from your Business Plan

By | Entrepreneurship, Small Business

Making an appointment with a loan officer for a business loan is a big step in the life of any new business owner. While you’re naturally excited, it’s also important to understand that the business banker expects you to arrive fully prepared and to provide any information that he or she requests. A Banker’s Business Plan Looks Different from Your Own Even though you spent…

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10 Common Mistakes of Small Business Failures

10 Common Mistakes of Small Business Failures

By | Entrepreneurship, Small Business

As a new small business owner, it’s an intimidating thought to realize that more new companies fail than succeed within the first two years. The fear can become so paralyzing that you end up making the same common mistakes of small business owners that ended up costing them the company. However, we encourage you to study these mistakes and vow to learn from them rather…

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Reinvigorate Your Passion for Your Small Business (And Avoid Burnout)

10 Tactics to Help Reinvigorate Your Passion for Your Small Business (And Avoid Burnout)

By | Entrepreneurship, Small Business

Many people don’t realize that self-employment usually means working significantly more hours, not less. While an employee can clock out at the end of the day, a business owner must constantly attend to every little detail. This can quickly lead to burnout. Below are 10 tips provided by current business owners on the best way to avoid this scenario.   1) Get up early to…

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Key Issues Entrepreneurs Should Consider Before Starting a Business

Key Issues Entrepreneurs Should Consider Before Starting a Business

By | Business Growth, Entrepreneurship, Small Business

Starting a business can feel both exhilarating and overwhelming at the same time. With so much to accomplish before you officially open your doors, you may want to dive right in and hope for the best. However, this approach can quickly backfire when you run into legal issues, fail to attract enough customers, don’t have enough financing, or other common problems. While you can’t avoid…

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