When you own your own business, it’s safe to say that you have lots of different decisions to make. Based on what your business does, what industry you’re in, and your own approach to business, your company could run completely different to one that on paper appears to be quite similar. And although there’s no real recipe for success, this can often determine how well you’re going to do. Because
There are two kinds of entrepreneurs. The first are those who are happy for their businesses to remain small. They pride themselves on the individual level of service they’re able to give their customers, and the detail with which their size allows them to maintain quality control. They’ll happily turn down work or opportunities for growth if said growth will impinge on their ability to fulfil their obligations to their
What’s your business strategy? It’s a question many nascent or would be entrepreneurs ask themselves. Any enterprise worth pursuing needs a direction to head in. Any journey worth taking needs to be carefully mapped out when that first step is taken. What is it that your business aims to achieve? How can your business achieve these aims better than your competitors could? What is your ultimate goal? How will you
There are millions of small businesses located in the united states alone. It’s a sad fact that almost half of small businesses will choose to close before they hit their 5 year mark. If you’re going to avoid this for your business, you need to take some of the advice outlined in this small but mighty business guide. Read on to get a feel for how you can avoid some
Every entrepreneur remembers the uphill struggle of getting their first business off the ground. They remember the meticulous detail with which they composed their business plan. They remember the sacrifices they made of their time and effort and the social engagements they turned down to make their dream a reality. They remember the passion with which they argued for and won funding from banks, business lenders and investors. They remember
Some people think that entrepreneurs have the dream career. They are their own boss and are able to create a working schedule that works for them. Not only that, though, but they have probably set up their company in an industry or sector that they are really passionate about. Sounds ideal, right? Well, not exactly. The life of an entrepreneur isn’t completely problem-free. In fact, there are quite a few
Danger is all around! When you consider the methods in which to protect your business you can’t cut back on making your company as comprehensively covered as possible. But, finances have a big role to play in how you protect your assets. So, this begs the question, is there a suitable method to protect your company cheaply? In essence, there is no one method, but a combination of preparation and
You’ve got your business plan approved, your finance is twinkling in your bank account and finally your business has been launched. The day has come to make your dream a reality and now it’s up and running, you’re done, right? Wrong. You are so far from done and making your business a headliner with customers is right now only in the beginning stages. Having a fancy logo will never matter,
If you own a business, no matter how big or small, you probably have targets in mind. Whether you dream of owning a chain of stores or turning over a million dollars, it’s always beneficial to aim high. If you’re keen to take your company to the next level, it’s time to up your business game. Here are some simple ways you could achieve more. Invest in yourself and your
Whether you have an online business or a brick and mortar shop, your reputation is your greatest asset. You will need to make sure that you keep an eye on customer feedback and keep your clients happy. With the rise of social media’s popularity, it is no longer enough to have a website to get noticed by potential customers. Likewise, reviews on social media and blogs can damage your reputation