The first job I ever had was as a paperboy – a position that doesn’t even exist anymore. I would deliver paper seven days a week and then once a month go around and collect as much as I could from the subscribers. I had a fixed amount I had to pay the paper, the…
Entrepreneurship is not merely about starting a business; it’s about nurturing a vision, taking calculated risks, and creating something from nothing. Successful entrepreneurs possess a unique combination of qualities that enable them to navigate the challenges and uncertainties that come their way. From resilience to creativity, these characteristics form the foundation for success and will…
If I had a dollar for every time I’ve heard a business owner wish for more time, I wouldn’t need to run my current business! I get it – it seems like there is never enough time in the day to do all the things you’d like to do and still have any kind of…
Embarking on an entrepreneurial journey requires a firm grasp of risk tolerance as it’s the foundation upon which business decisions are made. Think of it like the compass guiding the ship of your business through uncharted waters and using it to assess, embrace, and manage risks. Different businesses and entrepreneurs have varying risk tolerances based…
There are a ton of business books out there and new ones come out every year that try and teach you how to be better at business. Some are useful but many more are not especially helpful. But this is not going to be a reading suggestion list. You probably don’t have time to read…
Starting a new business is an exciting endeavor that requires careful planning, dedication, and, of course, funding. As a budding entrepreneur, you need to understand the various avenues available for securing capital to bring your innovative ideas to life. This guide will walk you through an array of funding options for startups, offering insights and…
Years ago, when we were much smaller, I used to tell myself the goal I wanted to reach was having 10 bookkeepers. I figured that if I had that many, then if I suddenly lost one to an illness, competitor, or whatever else, then I could redistribute the work among the remaining nine and it…
After years of hard work and dedication, you’re finally ready to move on from your business. You’re excited about the next chapter, but the only problem is you don’t have an exit strategy in place. The last thing you want is for your business to crumble after you leave, so it makes perfect sense to…
Most businesses can’t grow, or can’t grow as fast as they want, because of some capacity constraint. Simply put, they lack enough of an important resource their business needs to be able to generate more sales. Here are a few examples: In each case, the business is losing out on revenue because they can only…
I’d suggest you stop and figure it out right now. If you still can’t answer it even after working on if for a while, your business is likely in some serious trouble… Here is the question: Why do your customers pick you over their other choices? See I told you it was an easy question….