In the book, Write Your Business Plan, the staff of Entrepreneur Media offer an in-depth understanding of what’s essential to any business plan, what’s appropriate for your venture and what it takes to ensure success. In this edited excerpt, the authors offer some clues to what venture capitalists...
I’ll be the first to admit it: We millennials have a bad rep. They say we’re lazy, ungrateful and that we don’t grow up fast enough. (Anyone remember the Time magazine article?)
That said, we do have qualities which work in our favor. We dream big. We’re unafraid. We don’t understand the...
If you throw a frog into boiling water, it’ll jump straight out. However, if it’s placed in cold water and the temperature gradually increased, it’ll be found dead without any attempt to escape. We’ve all experienced that subtle death.
Neuromarketing takes advantage of that vast blind-spot...
As entrepreneurs, we’re always striving for new ambitions and goals. Idea’s are constantly popping up in our head, and the list of to do’s keeps piling up. It's likely you set some big goals at the beginning of this year. It’s important you pause to think about your progress thus...
An elite group of successful entrepreneurs operates with a mindset that sets these leaders apart from other people in the world of business and in life as a whole.
For instance, these entrepreneurs are not afraid to forfeit the security of a job to pursue their business dreams and desires. These men...
Whether you are just starting out as a new business owner or you have successfully been running one for quite some time, there are always new strategies that can help maximize your success rate in the marketplace.
Whether you are bringing in over $100 million in...
Rigid thinking is natural to the human psyche. This rigidity causes people to repeatedly apply the same behaviors over and over to diverse business situations. The reality is that people are the most comfortable doing what they know orhave done in the past.
The challenge that arises is that diverse...
As an entrepreneur, you have a lot on your plate. Staying focused can be tough with a constant stream of employees, clients, emails, and phone calls demanding your attention. Amid the noise, understanding your brain’s limitations and working around them can improve your focus and increase your...
You’ll hear that successful people think differently -- that they are somehow hard-wired for high performance. There's the notion that some entrepreneurs perfectly combine analytical and reasoning skills with optimism, creativity, problem solving and people skills.
But successful people entertain the...
A new survey by Interaction Associates indicated nearly 60 percent of workers polled believe their organization lacks trust. Plus, trust in bosses has declined since last year.
Many employers recognize trust is an essential ingredient for business success. Here are 10 ways to improve trust inside a...
1. Watch favorite TV shows.
As a busy individual, you might think you don’t have time for activities that won’t directly contribute to your goals. But downtime spent enjoying your favorite shows and listening to cherished musicians can improve your output in ways that you might not have...
Eager to expand your client base and spread the word about your products and services? Wondering if you should even bother with marketing programs if you don't have thousands of dollars to spend?
The answer, of course, is yes. It's financially riskier for a business not to...
When most people think of furniture, they are thinking of the type that goes inside their home. But if you have a yard or patio, chances are you will need to pick out some outdoor garden furniture as well. Here are some things to consider when making your choices. As...
Nobody says being an entrepreneur is easy. Most people become entrepreneurs due to overwhelming compulsion. They have no other choice but to follow their passion and vision. But passion and vision will only get you so far. The journey is long and challenging for most people with many...
Ever dreamed of bringing your dog to work? Good instinct: there's a scientifically proven reason why you should. Animals in the workplace are shown to alleviate stress, which ultimately makes your team (and your business) more productive.
Just ask Jennifer Adams, CEO of design firm Jennifer Adams Worldwide,...
Massive benefits accrue to small business owners who can successfully create a powerful brand.
“A brand is a promise that when kept, creates preference and sometimes forgiveness,” says Moses Foster, CEO of West Cary Group, a marketing communications and advertising firm headquartered in Richmond,...
Entrepreneurs often talk about getting their businesses to the next level. What does that mean?
Before you can understand what the next level is, you have to know what the levels are. We define the first three levels of businesses as micro, small and midsize. In defining these...
Depending on the economics of a particular business, a company can literally grow itself into bankruptcy. An increase in sales will generate more profit. However, it can also require an increase in things such as inventory and accounts receivable that use cash. Growth can actually be cash-flow...
1. Unimpeachable character
First and foremost, an effective consultant must be a person of the highest character. He or she must be the consummate professional. The consultant must be willing to put the best interest of the client ahead of their own.
For example, the consultant must be willing...
1. What does your company need?
To find the right accountant, you’ll need to start with a basic question: What does your company need? Decide what kind of services you need before searching for an accountant, not the other way around, Williams says. Do you need help with your taxes? Do you need someone to help with your daily...