Your Road Map to Business Success Starts With, Well, A Map

Your Road Map to Business Success Starts With, Well, A Map

Business owners rarely have a problem coming up with ideas. The problem is deciding on the best ideas and then saying no to the others. Many veteran small business owners believe the following business plan road map can help prospective entrepreneurs quickly weed out the bad ideas and get to the best growth initiatives faster. First, assemble your team. This should include you, other business leaders, at least one customer-facing employee, and possibly a knowledgeable outsider who can bring in fresh […]

Read more
‘How can I make my customers love my business?’

‘How can I make my customers love my business?’

Many customers have developed expectations of their favorite businesses, and if your company isn’t living up to them, you could be hurting your reputation, your brand, and your sales. Expectations aren’t only based on what you deliver, they’re based on what your competition can deliver, too. Learn how to stay ahead of the competition and improve customer retention. For example, a certain company has a loyal client that has spent plenty of money on products and services that the company supplies. […]

Read more
How Do You Ensure That Your New Business Plan Stays New?

How Do You Ensure That Your New Business Plan Stays New?

Business owners make business plans for many reasons, to attract funding, define future growth and build partnerships. Unfortunately, the majority of these plans are outdated by the time your new business is up and running smoothly. Business changes quickly, your products change, new competitors show up, or the economic winds shifts. When these changes occur, many people just throw their business plans out the window. For a plan to be truly valuable it needs to evolve with your company and […]

Read more
Is Your Business Ready For the Rise of the Millenials?

Is Your Business Ready For the Rise of the Millenials?

How can you get your business ready for the rise of Millenial entrepreneurs? Start by learning how they view the world because their perceptions will probably shape the businesses they lead and the workplaces they create. If you are interested in marketing to Millennial generation entrepreneurs or partnering with their business, some new valuable insights into how to approach these up-and-comers are beginning to come into clearer focus. To be an effective business owner you have to understand the landscape of […]

Read more
Are You Passionate About Your Business Idea … Or Not?

Are You Passionate About Your Business Idea … Or Not?

Aspiring entrepreneurs often wonder, “How should I decide on the idea for my new business?” The first step in answering that question and deciding on a business idea could be divided into two parts. Are you passionate about your proposed business venture, or is it an idea or concept that you believe will work if you pour yourself into it. Preferably, you to start by thinking about what you really love to do. If your business idea is something you’re passionate […]

Read more
What Are Some Of The Not So Obvious Reasons That You Need A Business Plan?

What Are Some Of The Not So Obvious Reasons That You Need A Business Plan?

Sure, most prospective entrepreneurs understand that they will need a business plan. The majority think they have to have one to get financing from a bank or lending institution, but there are many other reasons that are just as important. Some of these reasons may not be so obvious, but when you present your plan to a bank or investor, you can bet they are looking for some indicators that you have thought and planned beyond just getting your funding. […]

Read more
What Actually Makes a Successful Entrepreneur?

What Actually Makes a Successful Entrepreneur?

Entrepreneurs that survive and thrive share many common attributes and many times seem to be cut from the same cloth. Each excels in certain areas while using similar tools. If you take a look at what makes a successful entrepreneur, their toolbox is oftentimes filled with the same tools. Here’s a quick look at some of these entrepreneurial traits. The most important trait is experience. Yep, entrepreneurs with a proven track record have the most likelihood of success. Although this isn’t […]

Read more
How Do I Know If My Business Idea Is Any Good?

How Do I Know If My Business Idea Is Any Good?

How do I know if my business idea is good? Before you delve into the questions, answers, and planning required of a business plan, it is important to solidify your business idea.  The best way to do that is to create a “concept of business” statement.  A one-page document that defines the great idea that you’re turning into a business. This document is the foundation that your professionally written business plan will lean on to define your strategy and prove […]

Read more
Are Your Employees Your Businesses Best Asset?

Are Your Employees Your Businesses Best Asset?

A business’ workers have the potential to be its greatest asset. Developing loyal, skilled employees with a passion for your company doesn’t happen on its own. It’s an effort that can make a world of difference when it comes to the success and reputation of a company. Here are some ways you can start investing in what may be your business’ greatest asset, your employees. Read more about managing your employees below. Always encourage education. Even if you can’t afford […]

Read more
Can You Teach an Old Dog New Tricks After All?

Can You Teach an Old Dog New Tricks After All?

Can’t teach an old dog new tricks? Well, that saying has flown out the window along with, “No more fun after 40”, and “a Leopard can’t change its spots”. It can and has many times. Anyway, sometimes it’s time to make a few minor adjustments to your business track. Not huge turns, just small changes in the way things get done. Every business owner can benefit from learning something new. So why not send yourself, or your team, back to school […]

Read more