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- 2007-11-13 22:16:19 - Enterprising route is to go your own way
- DON'T talk to me about education for entrepreneurs. They're pouring far too much public money into it already - not counting the millions some well-known Scottish entrepreneurs are prepared to waste on it.And all because far too few of our youngsters these days are prepared to attend the University of Life. They would rather "go to college", where they experience a soft-centred existence an...
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- 2007-11-13 22:16:19 - Face the fear, ladies
- Okay, I'll begin by telling you that I've been divorced for about 5 years, have an amazing family and by anyone's standards, I have a wonderful life.I worked in the film industry for almost 9 years for my ex-husband's company. But when we split, I had the dire task of figuring out just what else I was supposed to do, having worked in that industry for his company for the duration of our rel...
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- 2007-11-13 22:16:19 - New rules
- Last week I was working with one of my small business clients, a bright and dynamic woman who's passionate about positioning her artisan business for growth. We were talking about her financial picture and forecasting robust sales over the next three years.As I coached her, she expressed excitement and eagerness to see her dreams turn into reality, yet somewhere, just below the surface, I s...
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- 2007-11-13 22:16:19 - How to start a franchise
- Franchising InformationFranchise oppotunities are all around us today. You may pop into Starbucks for coffee and then head for lunch at MacDonalds before returning home and ordering your dinner from another local franchise, Pizza Hut. Many of the most popular outlets you visit may be franchises as they offer the security of a brand name and the attraction of starting your own business....
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- 2007-11-13 22:16:19 - Are you an entrepreneur?
- With all the buzz about everybody being an entrepreneur these days wouldn't it be nice if you could really find out if you have what it takes?Sure it would.The following profile was adopted over a period of several years of research from successful entrepreneurs worldwide to assist would-be entrepreneurs determine if they have the traits to undertake a new venture.Can we descr...
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- 2007-11-13 22:16:19 - The perfect little coffee shop: are you afraid of failure? are you letting that failure cripple you
- Ah, coffee, the drink of choice when I want to share a special moment with friends, when I want to sit and ponder life or when I want a moment alone. I am an avid coffee drinker. I love coffee and I love the atmosphere of a good coffee house, a café.And, even if I buy take out coffee, which I do frequently, I like to get my coffee from one of these special cafes.I of...
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- 2007-11-13 22:16:19 - Why most ceos & entrepreneurs fail?
- Times are tough. The economy is in a constant state of upheaval. Is your company doing better than most? Are you placing greater emphasis on pure performance?If you haven't maybe it's time for a serious round of intense corporate soul searching. But do you know how?Business consultant Chet Holmes says that beyond pure financial performance, most companies can really benefit from find...
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- 2007-11-13 22:16:19 - Go slow to go fast - why over 80% of high tech startups fail and what to do about it
- With billions of dollars of venture capital residing down the street on Sand Hill Road, two Stanford professors are attempting to answer a fundamental question "why does it always take longer and cost more to build a hi-tech company than anyone ever expects?" For all the intellect, experience and graduate degrees in the venture capital industry, the sad truth is that 80% of venture capit...
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- 2007-11-13 22:16:19 - Six steps to guarantee your business success
- Many of us slave away for years for one uninspiring company after another and dream of the day when we can sack the boss and go it alone.If you're contemplating starting your own business then I'm here cheering you on from the sidelines because the best decision I ever made was to walk away from my well paid but oh so frustratingly boring job and start my own business from scratch.I'...
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- 2007-11-13 22:16:19 - The use of common stock in venture capital transactions
- When raising capital for a business venture, a company can either raise debt capital, equity capital or a combination of the two. Debt capital is money loaned to the company at an agreed interest rate for a fixed time period. Conversely, equity capital is money invested by owners (shareholders) for use in business operations that need not be repaid. Combinations include convertible securities whic...
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- 2007-11-13 22:16:19 - Territory limitations policies for franchised companies
- All franchised companies must have Territory Limitations to maintain the peace within their systems. Often the unspoken ethics of territory limitations are blurred with mobile, home based or online franchise companies. Territory limitations in fixed site franchises are fairly cut and dry. There is your store, no other stores will be placed in the surrounding area delineated on this map within your...
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- 2007-11-13 22:16:19 - Do you want to just survive or thrive? (part 1)
- You've probably heard this, or maybe you will relate to this personally. Have you ever arrived somewhere and wondered, "How did I get here?" or "Why am I here?"Have you ever wondered if you've missed the boat (with your family on it)?Life is a battle that must be fought if there is to be a favorable outcome for you, as well as those around you that count the most....
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- 2007-11-13 22:16:19 - 5?4?3? 2...1?
- A streak dating back more than three decades came to an end at midnight on New Year's Eve. For the first time since 1972, as America rang in 2005, "America's Oldest Living Teenager" was not in Times Square to count down the dropping of the giant ball. The 75-year-old host of ABC's "New Year's Rockin' Eve" was in the hospital, recuperating from a stroke suffered a few weeks earl...
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- 2007-11-13 22:16:19 - The 7 major reasons businesses fail and how to overcome them
- This year, over 800,000 of the approximately 2,000,000 start up businesses will fail!Nearly 1,000,000 of those remaining will fail within 3 years. Why do so many businesses fail? Many studies show that approximately 98% of all failures occur because of the owners. The other 2% are a result of acts of God. Here are the key reasons and actions owners can take to avoid and overcome business fa...
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- 2007-11-13 22:16:19 - Documenting partnerships in your business plan
- Forging partnerships to improve market penetration has become commonplace, particularly for "new economy" businesses. And, most companies proudly mention their many partnerships in their business plans.The fact is that, regardless of whom the partnership is with, partnerships by themselves are meaningless. What are meaningful are the terms of the partnership. For instance, while i...
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- 2007-11-13 22:16:19 - Entrepreneurial business plan the down and dirty way
- Does the idea of running your own business sound exciting? Do you have a business up and running and want to take it to the next level?After coaching hundreds of entrepreneurs at various stages of their evolution, I've found that the answers to these 5 questions can make or break any endeavor. Of course there are lots of other areas that must be addressed, however these will get you moving ...
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- 2007-11-13 22:16:19 - How a woman became a successful bill collector in a mans industry and how you can too!
- I have worked in the credit industry for over 17 years now. When I first started out, I only knew a very few women in the industry. That number has grown over the years, but not by much. Being a bill collector has always been categorized as a "man's industry".When I was a Credit Manager for other companies I worked for, I always did a good job, and collected more money than any ot...
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- 2007-11-13 22:16:19 - The term sheet?s role in raising venture capital
- Entrepreneurs and companies who are seeking venture capital often negotiate with one or more venture capital firms on a number of important issues. These issues include the amount of capital to be raised, the investment terms, etc. The document which summarizes these terms is known as a "term sheet."The term sheet is similar to a letter of intent, that is, it is a nonbinding summary of the ...
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- 2007-11-13 22:16:19 - Pre-money vs. post-money valuation
- When a company decides that it must raise capital, a key question that must be answered is how much the company is worth. For example, if the business needs $500,000 to get started and/or grow, how much of the equity in that company should $500,000 command? Once this question is answered, the company will go out and try to find investors. When doing so, a key question often arises as to whether th...
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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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