Category

Entrepreneurship

How to Successfully Start a Business with a Friend

How to Successfully Start a Business with a Friend

By | Entrepreneurship, Small Business

Starting a business with a friend can either bring success beyond the wildest dreams of both of you or a nightmare that breaks up the friendship to the point you never speak to each other again. For most people, the success of this arrangement falls somewhere between these two extremes. Before either of you forges ahead with forming a business partnership, we encourage you to…

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Overcoming Setbacks on the Road to Success as an Entrepreneur

Overcoming Setbacks on the Road to Success as an Entrepreneur

By | Business Growth, Entrepreneurship, Leadership

There are not many things you can count on as an entrepreneur in the business world, but one of those things is that you will definitely experience some setbacks. Entrepreneur setbacks are bound to happen to everyone, and if you aren’t experiencing any kind of problems, then it probably means you haven’t risked much either, and you’re not achieving nearly as much as you could….

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Tips for Effectively Managing Remote Workers 

Managing Remote Workers? Try These Effective Strategies.

By | Business Strategy, Entrepreneurship, Leadership, Small Business

It has been predicted that in as little as two years, at least half of the workforce for any given company will be doing their work remotely. The big driving force behind this trend is that working remotely is highly prized by employees, because it provides flexibility that makes life much easier to manage. Many workers have indicated they would gladly leave their current jobs,…

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What are the Different Types of Small Businesses Structures?

What are the Different Types of Small Businesses Structures?

By | Entrepreneurship, Small Business

If you’re thinking of starting your own small business, you may be wondering about the different types of small business structures, and which would be most advantageous for you. These business structures define many things about your business, including how ownership, finances, liabilities, and taxes are all managed. Partnership When ownership responsibilities are shared among two or more people, a partnership can be formed. There…

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4 Insights about Generation Z Every Business Owner Should Know

4 Insights about Generation Z Every Business Owner Should Know

By | Business Growth, Entrepreneurship, Small Business

Generation Z describes the nation’s 73 million young people from early elementary school to recent college graduates. The exact years can vary with most sources listing the generation beginning with those born in 1995 or 1996 and ending with birth years between 2010 and 2012. The important take-away for business owners is that 40 percent of consumers will be a member of Generation Z by…

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5 Top Leadership Strengths Boomer Entrepreneurs Should Have

5 Top Leadership Strengths Boomer Entrepreneurs Should Have

By | Entrepreneurship, Leadership, Small Business

It is entirely possible that some major shifts in the workforce could happen in this country within two years, with as many as 27 million Americans abandoning their traditional jobs in favor of self-employment by the year 2020. In addition to this, more than 60% of all self employed baby boomers have indicated they will work right through retirement, which is a much larger percentage…

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When Your Business is Growing Fast, How Do You Preserve the Company Culture?

When Your Business is Growing Fast, How Do You Preserve the Company Culture?

By | Business Growth, Entrepreneurship, Leadership, Small Business

Small businesses often take on a culture of their own from the very beginning. The founder and first employees help to create this company culture, and in the best of circumstances they pass it along to those who come along later. However, culture can also get lost when a company grows quickly. This leaves both old and new employees feeling confused about where they fit…

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Make Sure Your Next Strategic Planning Session is an Effective One

Make Sure Your Next Strategic Planning Session is an Effective One

By | Business Strategy, Entrepreneurship, Small Business

Many small businesses make the mistake of having a strategic planning session without ever accomplishing much of anything. Although business leaders write down goals, they don’t include specific ways to meet them or measure their effectiveness. While intentions are good, the problem usually boils down to not having a specific strategic planning method in place. This can make for a lot of inefficiency and wasted…

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Know the Warning Signs of a Bad Hire

Know the Warning Signs of a Bad Hire

By | Entrepreneurship, Small Business

You might not think that hiring the wrong person for a job would be a particularly damaging mistake, but statistics reported by CareerBuilder would disagree with that. In a recent survey, it was found that at least 66% of all American businesses felt they had been heavily impacted by making a bad hire, and almost half of those affected businesses declared that the mistake cost…

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Avoid these 5 Fatal Pitfalls as a Small Business Owner

Avoid these 5 Fatal Pitfalls as a Small Business Owner

By | Business Strategy, Entrepreneurship, Small Business

Most small business owners are probably well aware of the fact that the majority of small businesses eventually fail, and that can lead to a fear of failure which is almost universal. However, there is some good news about all these failures – they tend to fall into a very few consistent categories and reasons, and if you know what those reasons are, you have…

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