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- 2007-11-13 22:16:19 - My nemisis
- Living in the twilight zone has its advantages. In the early days of starting my business, I found the limitations of living in a rural area to be restrictive. However, later I realized that those limitations were not an obstacle that could stop me; they were only a challenge that would strengthen me. Since my business would be smaller, I would have the advantage of fewer employees and less strife...
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- 2007-11-13 22:16:19 - When your business feels like an arranged marriage
- Q. I was laid off six months ago. Jobs in my field are scarce so I moved to a new town to start a home business. People have paid me for everything from website maintenance to pet sitting.But the money seems to be small and slow. And frankly, I really want a corporate job with benefits.A. Welcome! You're what I call a reluctant entrepreneur. Often we start a business, write a book or...
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- 2007-11-13 22:16:19 - Two types of business plan executive summaries
- Companies seeking capital often ask how long the Executive Summary of their business plan should be. The answer depends upon the use of the summary, mainly determining if 1) it precedes the full business plan, or 2) it will be used as a stand-alone document.When the Executive Summary precedes the business plan, its length should be short, typically only one to two pages and certainly no lon...
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- 2007-11-13 22:16:19 - How to start a new business
- While it is tempting to just leap into a new business because of it's exciting possibilities, a few key planning points will vastly increase your chances of success. These steps aren't difficult, but they're easy to skip. Many businesses ultimately depend on a slim profit margin, so planning can really help the process. Too many restaurant patrons, for instance, assume that running a restaurant se...
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- 2007-11-13 22:16:19 - The ideal length of your business plan
- How long should a business plan be? A business plan needs to be whatever length is required to excite the investor, prove that management truly understands the market, and detail the execution strategy. From surveys of investor needs, Growthink has found that 15 to 25 pages of text is the optimum length in which to accomplish this. Any more and the time-constrained investor will be forced to skim ...
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- 2007-11-13 22:16:19 - Profile of women leaders
- Leadership is based on two words, "pressure and support"and that the leadership is the power to influence people to move in a direction that you believe in your heart is a good direction for most people" (Fennell, 1999, p. 267). Adams and Yoder noted that "evidence from contemporary studies on sex-roles and leadership indicates that men and women, with similar education, career aspirations and tra...
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- 2007-11-13 22:16:19 - Financing your business
- Anyone who is serious about making some money is already very well aware of the fact that it takes some type of investment to make this happen. I've read a lot of copy that suggests one can build a business for free, if they are willing to spend an extra amount of time to compensate for their lack of financial backing.At the risk of bursting a few bubbles, I'm going to put this myth into pe...
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- 2007-11-13 22:16:19 - Determine your niche & be successful
- What's a niche?Dictionary.com provides a great, twofold definition:"A situation or activity specially suited to a person's interests, abilities, or nature." "A special area of demand for a product or service."It's safe to say you will be most successful and fulfilled in business if you provide a product or service that others want or need,...
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- 2007-11-13 22:16:19 - Could a non-profit structure be right for your business?
- If you have a business idea, or an idea for a service for your community, there's one decision you must make early on: are you going to structure your project as a for-profit business, or as a non-profit corporation?Now, it may be that you already have a clear idea about this. Some business ideas are clearly "for profit". For example, if you want to sell insurance, or stocks, that's undoubt...
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- 2007-11-13 22:16:19 - Chinese take-out: oriental business principles demystified for online enterprises
- "The expectations of life depend upon diligence; the mechanic that would perfect his work must first sharpen his tools." - ConfuciusChinese people are well-renowned for their industriousness and extraordinary minds for business. Cases of our Chinese brothers failing in their ventures are very rare. They have effective principles that have withstood history and tragedy. Chinese tra...
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- 2007-11-13 22:16:19 - Ex-yankee pitcher pitches barter as powerful business tool
- Mission Viejo, CA - June 14, 2005 - Bob Meyer, a former major league pitcher in the 1960s who signed four-consecutive major league contracts with the New York Yankees, is now the most visible spokesman for the worldwide commercial barter industry.Meyer is the publisher of BarterNews, which he founded 25 years ago. The magazine reports on the many ways barter can be used to leverage one's bu...
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- 2007-11-13 22:16:19 - Entrepreneurs ask: as a novice entrepreneur, how can i feel less overwhelmed?
- Great question! Overwhelm is very common even among the most veteran entrepreneurs, so take solace in the fact that you are not alone. With the ever-increasing numbers of new entrepreneurial endeavors, and therefore new entrepreneurs, there are many who are experiencing the very same feelings as you.So, Tool 1 is to Join or start a business-focused support group. Napoleon Hill...
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- 2007-11-13 22:16:19 - The danger of hate
- As you have shown an interest in starting a business of your own it would be safe to assume that you want to change your life. You want more money - more control over your life - more respect. But just as we each have a dream, we also have a reality.Unfortunately for most people, the reality bears no similarity whatsoever to the dream. In many cases, the dream exists as an escape from the r...
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- 2007-11-13 22:16:19 - Do you have what it takes?
- I think it's fair to say that not everyone is cut out to be a successful business owner, now some of you maybe disputing this statement but hear me out.I'm not saying that if you put a person in the perfect business environment that they won't succeed but how often does the perfect business environment appear?Based on my own study and observations, as well as, the common themes that ...
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- 2007-11-13 22:16:19 - Before the business plan
- Purveyors of conventional wisdom would have you believe that the very first thing you ought to do when setting up a new business is to create a business plan.It doesn't matter whether you are selling odds and ends on eBay from your living room or something larger and more complex,Business plans are excellent and necessary. Far too few of us self-employed and freelance people use them...
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- 2007-11-13 22:16:19 - How good is your big idea
- Q: I want to start my own business. I have tons of business ideas that all sound great to me, but my husband is not so sure. He says that we need to figure out a way to test my ideas to pick the one that has the best chance of succeeding. I'm ready to just pick one and go for it. What is the best way to determine if a business idea really is as good as it sounds? -- Hannah C.A: Heather, I k...
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- 2007-11-13 22:16:19 - Veteran entrepreneurs are growing in ranks
- When I'm not running my own business, writing articles about business, speaking to groups and organizations about business, or consulting with companies who want my advice about the running of their business, I teach a weekly class on the subject of (care to guess?) starting and running a business.To quote my frequently-mentioned and wise-beyond-her-years teenage daughter, Chelsea, "Da...
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- 2007-11-13 22:16:19 - Opportunity does not knock
- Q: I'm graduating this year with a degree in business and would like to start my own business rather than get a corporate job. I have a few business ideas, but none of them really gets me excited. Should I just put my business plans on hold and get a job until the right opportunity comes along? -- Carlton M.A: Congratulations on the impending degree, Carlton. Never having attended a higher ...
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- 2007-11-13 22:16:19 - Entrepreneurs just get better with age
- Q: I'm thinking about starting a business after I retire next month. I'll be 65. Am I too old to start a business? -- Milton A.A: Milton, congratulations on your pending retirement. I find it admirable that after many years of hard work you are thinking about starting a business. While most men your age would be content to sit on the porch and watch the world go by, you are considering a ri...
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- 2007-11-13 22:16:19 - If it was easy everybody would do it
- Q: I started my business about a year ago and everything is going fine. We're growing and making a profit, but the stress of running the business is really starting to get to me. I spend more time worrying than working. Sometimes the pressure is almost more than I can take. I'm starting to think that I'm not cut out to run my own business. Do you have any advice that might help me decide what to d...
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- 2007-11-13 22:16:19 - Self-esteem and the entrepreneur
- Isn't it funny how people think that being self-employed is so cool? They think that you get to take lots of vacation time and spend all of the profits. What they don't realize is that you put in outrageous amounts of blood, sweat, and tears to get there. They don't know that you have to take the blame for every single thing that goes wrong. They don't know how many times you fell flat on your fac...
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- 2007-11-13 22:16:19 - Securing second and third-round venture capital financing
- Widget sales are booming ? the competition is scrambling, demand is up, and the books are finally treading water. Your core management team has big ideas for the future of Widget Inc. Opportunity is abundant; but how will you fund that next big leap?As your start-up matures, obtaining second- or even third-round funding may allow your business to expand and grow into new opportunities ident...
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- 2007-11-13 22:16:19 - Do you have what it takes to be an entrepreneur?
- Q: I am interested in starting my own business. I have a business degree and lots of experience in my chosen field, but I don't know if I have the necessary skills to really make it on my own. Any advice? Marie C.A: You've hit the nail on the head, Marie, because when you're an entrepreneur it's truly up to you to make it on your own. Sure, you may have investors and advisors and employees ...
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- 2007-11-13 22:16:19 - 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. Fear Factor is the show where they put contestants through all sorts of pseudo-death defying feats like bungee jumping off a bridge over a pool of crocodiles an...
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- 2007-11-13 22:16:19 - What qualities do franchisors need?
- When I got into business I wanted to build a company, which helped people and provide a product and service that people loved and were willing to pay for; one I would not have to sell or convince anyone of. Something that people truly wanted to extend and enhance their pursuit of happiness. I found the perfect service that everyone wanted and where sales were not really needed at all. In addition ...
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- 2007-11-13 22:16:19 - Expand your resourcefullness!
- The success and failure for the entrepreneur is largely dictated by the ability to gain access to resources, both personal as well as those of others.So the big question is then 'how does one become more resourceful?' Like many of the skills of the entrepreneur, resourcefulness requires constant cultivation. However, if you can develop this one skill the payoff will greatly exceed the cost!...
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- 2007-11-13 22:16:19 - Cut to the quick - what is an entrepreneur? the inside story
- Enjoying the title of entrepreneur is a hollow feeling.If you have ever been out of work and joined a multi level marketing outfit, or joined the ranks of "commission only" sales reps you are considered to be an entrepreneur.I call it hollow, because the word resonates within us on some fundamental level. Images of independance and success beckon to us as we discard the shackles of a...
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- 2007-11-13 22:16:19 - Corporate espionage in franchising
- Franchising Trade Journals do not do well, because today with all the industry regulations only about 1800 active franchise actually exist in the US. Down sharply over the past five years. Why? Over-regulation. Now you have a Bank Cooperative, which owns a company that collect data, FranData of Uniform Franchise Offering Circulars, which are the industries required disclosure documents to new fran...
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- 2007-11-13 22:16:19 - Which niche to conquer?
- I'm sure that you've heard about how many start up companies fail when they first begin, and the reason that most (if not all) of their failures is because they don't create a good fountain to build on.If we start right, it is easy to go right all the time. But if we start wrong, it's much harder to go back and get it right. So please pay close attention, get out your pen and pencil, and le...
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- 2007-11-13 22:16:19 - An entrepreneur and a life to be remembered
- I was reminded of my own mortality today. I guess you can say I had a near death experience, though the death I experienced was not my own.No, I was never in any danger, nor was my life ever threatened. In fact, I was sitting in the air conditioned comfort of my home office sipping a nice cup of coffee and watching the dogs run around the yard when the moment came.The sun was shining...
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