May 8, 2019 | 10 Minute Entrepreneur
It may not always be a great idea to buy a franchise but it can help to model your business after one. You can learn from the success of franchises. Following the model gives a plan. Stay in your lane, proficient with one product or service. Build systems to...
May 6, 2019 | 10 Minute Entrepreneur
The entrepreneur needs to embrace a culture that tolerates failure. Expensive failures hurt but failure pays exponentially when you learn from it. “There’s no secret to success. It’s the result of preparation, hard work and learning from...
May 5, 2019 | 10 Minute Entrepreneur
Advertising is simple when you break it down into the necessary steps. Stop wasting money buying ads and start putting together an actual strategy to communicate your company to the public. Who is your ideal customer, data driven, how do I get in front of them...
May 5, 2019 | 10 Minute Entrepreneur
Lessons from mistakes I made 15 years ago. Do you have a long term strategy for your staff? Train them for the job you want them to be able to fill in the future. Training improves customer service, increases productivity, and teaches employees what they can...
May 5, 2019 | 10 Minute Entrepreneur
The biggest problem with small business is lack of talent. Training is incredibly valuable. The business owner must take the time and think long term when it comes to training. Look to hire people with capacity to help build redundancy. Do you have a...
May 5, 2019 | 10 Minute Entrepreneur
Does your company have a moat around it? If it is going to last the long term you have to have defenses in place. Some things to be prepared for: new competitors, industry changes, financial downturns (cash on hand, lines of credit), legal issues, and...
