Ten Traits of Successful Entrepreneurs

Successful entrepreneurs have many traits in common. Here are ten of those traits that I consider to be very important.A successful entrepreneur...1. Places the needs of customers or clients first, and takes the time to find out what those needs are.2. Enjoys the freedom of fulfilling a chosen mission through... Read More

Entrepreneurs, Are You Hauling Buckets?

Once upon a time, there was a village on the banks of a fine, clear river. The villagers all drew their water from the river, and used it to cook, and bathe and water their gardens. Life was good.During one particular rainy season, the river flooded. When the water went... Read More

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.... Read More

Traits of The Successful Entrepreneur

Want to know why certain people succeed and others don't. Well successful people have certain traits? Do you have them? Business has changed a great deal over the years. We now have computers, the internet and because of the internet - web pages, email and everything else that comes... Read More

Business Is No Guarantee of Riches

Q: I'm thinking about starting a business since that seems to be how most rich people get rich. I don't have any business experience or much money, but I'm a fast learner and have lots of energy. Any free advice? Peter J.A: I'm full of free advice, Pete, and here's... Read More

Franchising Companies Need New Franchisee Checklists

When franchise companies are moving fast in the market place they must pay attention to the details. If a franchisor fails to give the required items as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal issues and regulatory issues. In addition even if... Read More

Financial Issues in Business Startup

A primary inhibitor of business start-up is that few people have the financial cushion to give up a job for the uncertain income of a start-up venture. In a recent survey, about 30% of new business founders identified inadequate funding as their biggest hurdle, and a similar amount said lenders... Read More

100% of Nothing

What would it be worth to you to receive a steady stream of new customers with little or no effort on your part? Would you be willing to pay 10% of the revenue they generate? 20%? 50%? Or do you believe that you can't afford to pay anything?During a recent... Read More

Business Planning Overview

The successful entrepreneur is generally more inclined, once a business idea is selected, to sharpen the concept by a detailed planning process. The result of this step is a comprehensive business plan, with its major components being the marketing "mix," the strategic plan, operational and logistical structures, and the financial... Read More

How Much Risk is Necessary to Grow Your Business?

A business owner is thoroughly responsible for their own financial survival and possibly the financial survival of their employees. Business owners, for the most part, seem to be "risk takers", who really don't easily "go with the flow". They are inventive and somewhat confident, as just having their own business... Read More

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