Entrepreneurship Articles

Business » Entrepreneurship | By Obinna Heche @ Monday, 13th August 2007 @ 5:42 PM

One of the things that entrepreneurs overlook when they are starting their business is formulating the exit strategy. This is because they are caught up in the excitement of starting their own business and they do not even entertain the idea that their business might fail. But this scenario is possible so it is important to have an exit strategy in place even at the start of the business operations. On the other hand, the exit will also enable the business to survive without your participation b... more...

Business » Entrepreneurship | By Steve Kroening @ Monday, 13th August 2007 @ 8:44 AM

The big buzz in business these days is Internet entrepreneurship. Everyone is looking for a simple way to supplement their family's monthly income, and the Internet is providing the means. If you're interested in building an Internet business, there are plenty of opportunities. But with those opportunities come just as many pitfalls. The high-tech industry experienced these pitfalls firsthand back in the 1990s. When the stock market bubble burst in 2000, it put hundreds, if not ... more...

Business » Entrepreneurship | By Daniel Trainor @ Tuesday, 7th August 2007 @ 10:13 AM

There are a lot of people online who have made money with their own home business. The difference between you and them is that they know what the make money secrets are. It is not hard to figure out what the secrets to success are, it just seems like it is. The fact is there really are not any secrets to it. You just have to do certain things to help you make the money that you want. Some people would call them secrets to make money but you probably already know what they are you just don't... more...

Business » Entrepreneurship | By Dee Power @ Friday, 3rd August 2007 @ 4:14 PM

A business plan is in essence a creative writing project. You want the business plan to be an interesting read, not a long boring discussion. You have to put on your marketing hat and make your company's future sound exciting. How to write a business plan is a challenge for any entrepreneur. Here are a few tips to keep in mind. Write your plan in a style that fits your industry and your management team. The plan for a sports bar company would sound much different than a pla... more...

Business » Entrepreneurship | By Scott Miller @ Thursday, 2nd August 2007 @ 9:06 PM

I want to make a fortune and I want to make it now. That's the attitude of the majority of people that start in MLM or network marketing. People that have been broke all of their lives or at the very least, just getting by, expect to be rich in no time when they start an MLM business. Although MLM has literally changed the lives of so many people around the world, the real reason why people become successful is so simple. Two words. Personal growth. Most of the time you... more...

Business » Entrepreneurship | By Mike Dillard @ Tuesday, 31st July 2007 @ 11:07 PM

If you want to be a successful entrepreneur or business man/woman you need to understand one critical trait of professional entrepreneurs. They always listen to themselves and their intuition above anyone else's opinions. Yes, professionals do have carefully chosen mentors who give them advice, but most of what they hear they do not believe without their own research and experience on the subject. When talking finances and business with most people, I find that they are incre... more...

Business » Entrepreneurship | By Mike Dillard @ Tuesday, 31st July 2007 @ 11:06 PM

One of the traits of most successful entrepreneurs and investors is a willingness to take risk. If you want to be successful you have to take risk. You don't blindly throw your cards on the table, but once the research is done and the risk is examined, if it feels right intuitively, jump in. I use my intuition navigate through risk and see the reward in the other side. The reward is usually greater than the risk. You would be surprised that whenever you set out to really do so... more...

Business » Entrepreneurship | By Mike Dillard @ Tuesday, 31st July 2007 @ 10:29 PM

As you go through life you have two career options. One option is called security, or a job. The other choice is freedom, or to become an entrepreneur and start your own business. Most people choose the first option and sadly, even though they think they have security, the reality is that they are usually living paycheck to paycheck, and are often in debt. What kind of security is that? Many of these people are even making six figure incomes, but barely make enough to pay all of th... more...

Business » Entrepreneurship | By Faye B. Roberts @ Saturday, 28th July 2007 @ 9:11 AM

So you've decided you want to make a career of public speaking and want to be the best professional speaker you can be. You have some experience, really enjoyed yourself and feel you have something to contribute. The financial rewards are terrific, you get to travel with all expenses paid, meet new people and see new territories and even new countries. Whether you are trying to learn more about the speaking industry or you are trying to move from an occasional speaker to professiona... more...

Business » Entrepreneurship | By Christine Kloser @ Thursday, 26th July 2007 @ 11:36 AM

This past weekend I had a blast with my family at Hershey Park. As season pass holders we visit the park all the time. But, this time I learned a few surprising lessons about my business (and my life) when I decided to go on the Great Bear roller coaster. (Yes, that photo is the exact coaster I went on... dangling nearly 100 feet in the air at speeds over 60 mph.) What a rush! So, what does my experience on the Great Bear coaster (named after the roaring sound it makes as it tosses a... more...

Business » Entrepreneurship | By Dave Kauppi @ Wednesday, 25th July 2007 @ 6:12 AM

No risk, no reward is one of the oldest adages in business. This formulation of strategic risk was first expressed in written form by the Greek scholar Herodotus in 450 B.C. In the realm of corporate mergers and acquisitions, the challenge for many companies is to obtain a highly desirable product or technology while risking as little capital as possible. While growth through Merger and Acquisition continues to be a highly popular strategy - in 2006 there was a record $3.6 trillion... more...

Business » Entrepreneurship | By Stephanie Ciccarelli @ Tuesday, 24th July 2007 @ 5:21 PM

Voice over is a very distinct niche within the entertainment and audio recording industries. Similar to an ecosystem, there is a natural order of things and diverse relationships that take shape, many of which are symbiotic, or, mutually beneficial to the parties they involve. Take humans and trees for example. Trees produce the oxygen we need to breathe. When we exhale, or breath leaves our bodies, carbon dioxide is produced as a result. Following our exhalations, the trees... more...

Business » Entrepreneurship | By Jason Tarasi @ Tuesday, 24th July 2007 @ 4:08 PM

To sell online, your visitor must be comfortable with you. Many times, the only way to gain your customer's trust, is through the appearance of your website. You must think of your website as representing you and your business. You wouldn't go to meet a potential client wearing a pair of sandals and ripped jeans. In that same manner, you don't want your website to appear unprofessional and disorganized. This is a surefire way to lose a potential customer. Ther... more...

Business » Entrepreneurship | By Dave Kauppi @ Tuesday, 24th July 2007 @ 12:55 AM

An area of great concern to our business selling clients as we help prepare them for a buyer visit is what questions the buyer is likely to ask. Below are a representative set of questions that we have encountered. This article will not provide you with the answers because they will vary with each business seller. However, we will provide a buyer motivation framework so that you can answer the questions with this common framework in mind. Buyers want to eliminate as much risk as possible ... more...

Business » Entrepreneurship | By Dave Origano @ Wednesday, 18th July 2007 @ 7:56 PM

Most entrepreneurs who've at least some experience must have heard about it already. Others might have heard the same in school during their economics, math or history classes. Another group act upon this principle and have increased their profits by a staggering 500 percent. The principle I'm talking about is the Pareto Principle, or 80/20 rule. Invented by Italian economist Pareto in 1906 it still holds true. The Pareto Principle says that there is unequal distribution in ever... more...

Business » Entrepreneurship | By Jason Tarasi @ Tuesday, 17th July 2007 @ 8:49 PM

The invisible force surrounded him, squeezing tightly around his chest. His eyes became wide and bewildered. Suddenly his mind raced with dark thoughts, his stomach churned, and he became engulfed with a sense of hopelessness. This man had just come face to face with FEAR. Now he had a life altering choice to make, one that we all must face: Fight it off, or let it destroy his dreams. You will never face a more worthy adversary than your own fear. It knows all of your weakne... more...

Business » Entrepreneurship | By Dave Kauppi @ Tuesday, 17th July 2007 @ 12:38 AM

One of the exciting aspects of being involved in Mergers and Acquisitions is that we are constantly learning. One of our most productive classrooms is the buyer visit. In those visits the buyer's motivations, priorities, concerns, and value drivers and value detractors are often revealed. This was the case in one recent buyer visit with our client. Her Firm is representative of many early baby boomer led firms that "started the business in their garage" (actually it was start... more...

Business » Entrepreneurship | By William Cox @ Monday, 16th July 2007 @ 11:22 AM

"There is no success without hardship." Sophocles For those of you that are starting (or thinking about) a home-based-business, there are some basic truths that you're not going to hear from the people that are trying to recruit you for THEIR program. First, you will have to make some sacrifices. You will have to devote time, energy, and even money to get any business off the ground. So many recruiters will tell you "anyone can do it" - and they're right. ... more...

Business » Entrepreneurship | By Michele Pariza Wacek @ Friday, 13th July 2007 @ 9:41 PM

While on a recent trip, I got a call from my pet sitter. Apparently we had a bit of a tragedy in my salt water aquarium. All my fish died. Actually nearly everything in the tank died. It all started with the death of one of my sea urchins. While sad as that was, what made it a tragedy was that sometimes sea urchins release a toxin when they die. And this toxin is toxic enough to kill everything in the tank. My starfish. My crabs. My fish. Everything, that is, except ... more...

Business » Entrepreneurship | By Dee Power @ Thursday, 12th July 2007 @ 6:52 PM

Which kind of capital, debt or equity is appropriate for your business. The answer is dependent on the answers to several questions: Why does the company require additional capital? What stage is the company at? What is the financial condition of the company? How much capital is required? What constraints will the financing source put on the day-to-day operations of the company? And finally, what impact will the financing source have on the ownership of the company? Why Does The... more...