Entrepreneurs
Entrepreneurs
Real world resilience and why Shady Elhami says it matters in business
There is nothing like a pandemic to test the mettle of individuals and the corporate world. Suddenly the word “resilience” became commonly used. There are now Tedx Talks about it, psychologists study it, and there is an abundance of articles from the likes of Forbes, Harvard and MIT. Powerhouse people have the concept at the forefront of their thoughts – and for good reason. Resilience holds a lot of weight. What if Nikola Tesla and Thomas Edison quit after their first experiments with electricity failed? What would the world be like if the people who helped shape it through tireless effort had decided to quit after their first failure? “The power…
How to Set Up a Home Office That Allows You to Get Work Done
When you are stuck at home but real-world responsibilities still require you to be at work, you usually have a set spot in your home where you complete that work. This is called your home office. It can be any room in your home where you get work done, but it should be somewhere where you are able to focus without any outside distractions. This way, you get more work done in a shorter amount of time. Where should you put your home office? You should make sure that you put your office somewhere where it is not only hard for outside noises to bother you but inside noises as…
4 Investments That Could Make or Break Your New Business
Starting a new business is never easy. Getting a new company off the ground in 2020, though, is likely much more difficult than doing so during any other year. Yet, the truth is that thousands of intrepid entrepreneurs are in the process of setting up new businesses right now. With that in mind, today we’ll review the four most important investments new business leaders will make in their first few months. Check them out here so you can learn how to ensure your organization hits the ground running: Staff It’s hard to overstate just how important your employees are to the success of your company. At the beginning of any…
5 Steps To Set Up Your Business
How do you set up a business? How many steps are there? We here about business models and ideas all the time. Many models work, but everybody follows a different direction. When having so much information, you may feel overwhelmed. When those times hit, you can look around to find the help you need. For example, when someone is starting a new trucking business, they might need help with complicated trucker authority. They could contact Truckers Bookkeeping Service and get the help they need. There are five steps to create any business. These stages will depend on your product creation and marketing skills. Luckily, these phases aren’t static. You become better…
Common Mistakes that You Should Avoid When Starting Your Own Business
Starting your own business is a big step in everyone’s life. The idea of being your own boss is very appealing to most people, which is why sometimes they rush into the process of starting a company. It is very important that you get it right from the start just to avoid unnecessary costs in the future and to make sure your idea succeeds. The astonishing fact conserving small businesses is that 20% fail within their first year, and 50% fail in their fifth year. However, this should not discourage you from your idea if you simply follow some of the necessary guidelines and avoid mistakes along the process. 1.…
Why Startups Fail: 5 Mistakes to Avoid
There are many stories of startups making a success and experiencing a meteoric rise – especially nowadays in what is very much an entrepreneurial environment where many people are inspired to start their own enterprise. The sober truth is that many more startups fail than succeed, especially in specialized arenas such as tech. At a time where the barriers to entry can be relatively low – with the ability to effectively create a professional presence online and the availability of scalable tech such as modern POS (Point of Sale) systems to enable accurate stock tracking and data capture – the mortality rate is still high amongst startups. What mistakes can…
What the Introverted Entrepreneur Should Know About Marketing Their Brand
An entrepreneurial drive combined with the social preferences of an introvert can be challenging for some. After all, when it comes to entrepreneurial marketing, it’s required to hold authority like a public figure would. While that’s not impossible for someone who prefers their alone time, it sometimes can feel like an uphill battle. It can be easy to make career mistakes like isolating yourself or stepping back from the limelight, but nonetheless marketing is necessary for businesses in 2019. Introverted entrepreneurs should understand that they have a leg up on extroverted entrepreneurs in some ways. Despite the things they may have to adjust in their personal business transactions, they are…
Ways to Finance a Home-Based Business
Before starting a home-based business or a small startup, you must have sufficient capital on hand to purchase anything essential you need to start offering your products or services to the consumers. Things like physical office location, necessary equipment, business website, and other office supplies are the basic business overheads that a business needs to pay on a regular basis in order to streamline business processes and operations. Home-based businesses usually have fewer financing choices because most don’t have enough to qualify for a loan from the bank. Fortunately, there is a variety of small business financing options out there that small startups and home-based businesses can assume to meet…
Small Business Financing Trends in 2019
When it comes to running a business, you want to make sure that you are able to follow the latest trends, especially when it comes to financing. This is because it means that it keeps you on the right track when it comes to financing and can give you some interesting insights into the direction you should take your company in. Financing is something that many businesses can struggle with especially ones on the smaller scale, so to make things easier we decided that give you some help. Why Get Financing? If you have a business, you will be aware that there can be a lot of costs that you…
Financial Guide for New Entrepreneurs
Navigating the murky waters of owning a business can be difficult. This is especially the case if this is your first time. If you want to give yourself the highest chance of success, then knowledge is key. Cash flow Management A lot of start-ups fail for a huge variety of reasons. The main one is because they simply run out of money. When starting your business, you have to know exactly what you have going out and what you have coming in too. If you don’t then you may be putting your own business at risk and you may even find that you get into debt as a result. One…
