The Blog
5 Reasons Businesses Fail
Why do some businesses fail even with a good business plan? Two sides go to war and both think they will win and the only one does that is also similar in business. A plan cannon account for every possibility as well your competition's response to your entry into the...
Customers are Your Greatest Source of Information
Why are customers often considered the most important sources of new product ideas? Your customers are your greatest source of information as they know what they want and want they may want in the future so receiving systematic feedback would serve you well. Ask your...
Should You Establish New Legal Entities for Different Business Units?
Does it make sense to establish new legal entities for new strategic business units? Why? If you need a level of protection if these entities failed. Would it diminish your brand or reputation? If so using a different name and legal entity would be wise. It is also...
Competing With the Big Boys
Why can't small businesses compete with Walmart? Walmart and or Amazon are like fighting a country with a water gun they just have too much defense and an arsenal of unlimited offense. You need to carve out a small niche and compete that way. Or offer you products on...
How to Have a Productive Planning Session
How do you prepare a strategic planning session? HOW TO HAVE A PRODUCTIVE PLANNING SESSION Start with people in the meeting that have an interest in the outcome of the meeting. Don’t let one person dominate the meeting allow others (who may be quieter) to still have a...
Develop the Skills of Successful People
What routes are there to be successful without college? How to become successful without college. (DEVELOP THE SKILLS OF SUCCESSFUL PEOPLE) Learn to communicate well Internship with a startup or even a job in an area you have an interest Read great books Learn how to...
How to put a VALUE on your CUSTOMERS
How is customer value calculated for a business? How to put a VALUE on your CUSTOMERS Invaluable because without customers you have no business but they do have a measurable financial value as well. The average size of their purchase? The profitability in each...
Anyone Can Be an Entrepreneur
How do you know if you have the potential to become an entrepreneur from a very early age? Let's start with ANYONE CAN BE AN ENTREPRENEUR but if you are the kid who is setting up the lemonade stand or mowing lawns for extra money then you are moving in the right...
10 Qualities of Successful Entrepreneurs
What are entrepreneurship qualities? 10 QUALITIES OF SUCCESSFUL ENTREPRENEURS Identify Great Ideas Take Initiative Driven Focused Hard Workers Relentless Determination Calculated Risk Takers Team Builders People Skills...
5 Ways to Determine Your Ideal Customer
What five things would you use to evaluate and determine ideal customers? 5 WAYS TO DETERMINE YOUR IDEAL (TARGET) CUSTOMER Ask who is most likely (demographics) to buy and or use your product/service? Who is in most need of your product/service? What is your...
When Have You Made it As an Entrepreneur?
When can you say that an entrepreneur is successful? WHEN HAVE YOU MADE IT AS AN ENTREPRENEUR? There are a few plateaus as an entrepreneur that will happen and all can be defined as a success. Startup phase- this is when you take your idea, create a business and it...
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