Business

How to write a Business Plan, Louis Pasteur said ‘Chance favors the prepared mind.’ No matter how it’s looked at, writing accurately, briefly, and with clarity is an essential business skill. This is because writing, particularly in a business context, fulfils four important roles: Why Write A Business Plan? When one takes into consideration the fact that the number one

Choosing a business Location, Community cannot long feed on itself, it can only flourish with the coming of others ‘Howard Thurman’ Businesses that perform their function where a customer is located (e.g.: gardeners, plumbers, painters, etc…), as well as operations that do not require direct face-to-face contact with clients (website-based businesses, writing, virtual assistants, online tasking, etc…), usually only require

Entrepreneurship statistics often vary. Some estimates claim that up to 95% of new businesses fail within five years. Others say the number is around 65%. Either way, these are staggering figures when one takes into account that most new businesses fail for more or less the same reasons. Most of these reasons are presented below ranked in the order of

In business, the idea is the main thing. Capital can be raised and lost and raised again, but lose the idea and everything is lost. ’Gottlieb Duttweiler ‘Opportunity is missed by most because it’s dressed in overalls and looks like hard work.’ Commercial enterprise is not about sellers, it’s about buyers (customers). The idea is to match the wants and

Overcoming Negativity in entrepreneurship, Perhaps now it’s easy to understand why so many people forgo the notion of starting their own business and choose to work for someone else instead.  Simply put, building a business is hard work and the odds of succeeding are harsh.  That being said, if starting a business seems beyond your reach because the people surrounding

Of course, fear isn’t the only obstacle that stands in the way of entrepreneurs. Countless myths also block the first crucial steps. Following is what Scott Shane, professor of entrepreneurship at Case Western University, says are the ten greatest misconceptions of entrepreneurship. 1. A lot of money is needed to finance a start-up. Contrary to what most people believe, 10-years

Some enthusiasts claim that there is no better time than now to own and run a business. It may be more prudent, however, for potential entrepreneurs to write down, research, and address exactly what it is they wish to do before they begin – as well as examine what starting a business will involve and how the process will be

Know the four main fears of entrepreneurship, Obviously the number of qualities and attributes needed to succeed in business is quite extensive. So, does that mean that an entrepreneur needs to be a superhero to triumph in the business world?  Absolutely not.  Few people are born with all the marvelous abilities that are needed to succeed in life.  Yet successful