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March

March 2017 / 726 posts found

Ask the Experts: Things I Wish I’d Known Before Starting a Business

by spainops
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While it’s generally good to be forward thinking and avoid dwelling on the past, most of us have made a few key, crucial mistakes that we’d reverse if we could. The same is true for small business owners. In every startup story, there is bound to be a wrong turn here or there. With hindsight being 20/20, it’s easy for entrepreneurs to look back on their mistakes and see exactly where they went wrong. This isn’t meant to warn you against making your own mistakes—you’re sure to make them. However, with this in mind, it’s a smart move to look […]

When Things Go Bad in a Startup

by spainops
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Investors in startups are often faced with the following problem: The company they backed is not generating revenue as fast as it needs to and is running out of cash. My experience has been that most investors react to this situation in the worst possible way. Instead of thinking rationally about their options, they spend their time criticizing the founders and demanding their money back. Before I discuss what I think are the rational choices and the factors that investors should consider to make their selections, let me start with explaining what investors should not do. Demanding, asking for, pleading […]

How to Develop Your Ability to Synthesize Information – A Key Entrepreneurial Skill

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Successful business ownership is all about gathering information, picking through it to decide what makes sense, and making sound decisions based on all available data. Synthesizing information in this way can be a difficult task to master, but a little time and practice can make you an expert in no time. Synthesis is the final step in critical thinking — after you analyze, evaluate, and organize information from different sources, this step requires you to put it all together. Many people struggle with this step, but really all you are trying to do is select the best answer, or combination […]

Vending Machine Business Review – Ten Reasons Why This Industry Rocks!

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A vending machine business, when set up and managed well can be an extremely profitable venture for an entrepreneur. There are many reasons to start a business in this industry. In this article we offer a vending machine business review and examine ten of the major reasons that entice people into the industry. 1) Passive Income Many people perceive a vending machine business to be one that runs on autopilot and assume that they will be able to sit back, relax and have a bunch of machines make money for them. It doesn’t always work out like this though. Most […]

Top Ways to Turn Your Small Business Into a Business Empire

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Top ways to turn your small business into a profitable business empire. Small businesses are those businesses which may be started with small capital investments. There are millions of people who are running small or home businesses. Nearly 70% of newly started small businesses fail due to lack of capital, competitions and various other reasons. Before we look into the reason for success or failure of small businesses let us look into some of the most successful businesses that were started with some powerful and innovative ideas. if you start any small business in a routine way then you may […]

Small Businesses for Women – Top 4 Businesses to Start at Home

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The women around the world today are moving towards empowerment. Women are more into finding their niche in the corporate world, making a name for themselves and going into entrepreneurship. It is no longer uncommon to find women in business, whether it is being a small business owner or having an at home business. So how exactly does one establish small businesses for women? What are some of the tips for small businesses and creative business ideas? Read on and find out the answers. There are many different types of small businesses out there. And as many entrepreneurial success stories […]

50 Ideas For Increasing Profits and Cost Reduction

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Do you want to know 50 great profit building ideas that you can put to immediate use in your business to increase profits and reduce costs? If yes, read all these ideas that have been implemented by clients and have benefited them giving their businesses dramatic boost in profitability. Most ideas can be put to action immediately. Each idea has the potential to give you many %points increase in net profits. Research shows profits increase by 4%-56% and costs reduce by 18%-37% within 2 years using the simple 5 step process called the Profit Maps Model. Usually a 5% reduction […]

How to Create a Great Investor Pitch Deck for Startups Seeking Financing

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Startups frequently prepare a “pitch deck” to present their company to prospective angel or venture capital investors. The pitch deck typically consists of 15-20 slides in a PowerPoint presentation and is intended to showcase the company’s products, technology, and team to the investors. Raising capital from investors is difficult and time consuming. Therefore, it’s crucial that a startup absolutely nails its investor pitch deck and articulates a compelling and interesting story. In this article, I provide important advice for creating a strong, thorough, and engaging investor pitch deck, along with guidance on presenting to angel and venture capital investors. I […]

What’s your brilliant business idea?

by spainops
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People in the UK have a much greater desire, now, to start up and run their own businesses, and this represents a massive untapped potential in our economy. It’s broader than just trends in business. There are societal trends and educational trends at play: the corporate-ladder job for life is much less of a priority. A faster pace of change in communication and technology makes it easier – and in some ways harder – to run businesses. But there’s no question that the small-business economy now works in a different way, and I see in that a greater ability to […]

Capturing New Business Ideas – How to Avoid the Dangers of Darkminding

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Everyone seems to agree innovation is important. Consider the following: • Studies show innovation increases profit and return for investors. • Being innovative can help you make better business decisions. • Focused innovation can also increase productivity and reduce employee turnover. • Searching for ‘innovation’ on Amazon within business books returns 5,757 entries. Even allowing for duplicates, this indicates a lot of interest in the subject! So why aren’t more companies innovating more often? Can innovation really work inside a corporate structure? Are you Darkminding? “Darkminding” is a term I use to explain two of the natural ways in which […]

How Small Businesses Can Win Big With Webinars (Infographic)

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Small business owners are expected to wear a variety of hats as they juggle multiple roles to build their bases. However, there’s one role that may very well be the most important in 2017: the role of teacher. Today’s businesses aren’t growing their bottom lines through in-your-face marketing and sneak tactics: they’re doing it through education. Yet there is no one-size-fits-all approach to educating your audience, is there? From blogging and video marketing to case studies and white papers, understanding the ideal platform to engage your audience is enough to make anyone’s head spin. Enter the recent rise of webinars, […]

6 Unconventional Ways to Generate More Leads for Your Small Business

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If you continue to do what you’ve always done, you’ll get the results you’ve always gotten. So if you really want to grow your leads, why not change things up by throwing something unconventional into the mix? That’s why we asked six entrepreneurs from FounderSociety the following question: Q. What’s an unconventional way to generate more leads for my small business? 1. Tell Everyone in Your Network About Your Work Sometimes, it’s easy to assume that our friends know and understand what we do. Every few months, send an email to your network and/or post something on Facebook or Twitter. […]

5 Fail-Safe ‘Cash-Generating Strategies’ To Make Tons of Money Online From the Comfort of Your Home

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One of the most positive things than can happen to a person is to begin operating an online business from home and being successful. A number of reasons quickly come to mind as to why large segments of the population are drawn to earning an income through an affiliate program; first and foremost, the need to deal directly with the public has been eliminated, management responsibilities are nonexistent and the need to stock an inventory is absent. Being an internet genius is not necessary when operating a home business online and just as important, creating an income can be done […]

5 Tips for Managing the Digital Workforce of Your Startup

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Just when you think you’ve got a grip on today’s tech evolution, you look up to find the modern-day workforce — including the most effective ways of leading it — has changed as well. Today’s business managers are dealing with a double revolution. There’s a digital transformation changing how we work and an influx of generational young’uns who think, act and expect completely different things from those who lead them. It doesn’t matter if your employees are working from your company’s bullpen, their couch or a train traveling from Paris to London. The truth is that you need a unified method of hiring, […]

5 Crucial Tips for Maintaining Brand Consistency

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Ever stop and wonder what makes a brand like Coca-Cola one of the most recognized English words in the world? Think I’m just blowing smoke? I’m not. Coca-Cola, along with their original and still most popular product “Coke” are equally considered the second most popular words on the planet, next to the word okay or “OK” as it’s often spelled. Coca-Cola achieved this top brand status with years of clever marketing, through a variety of media channels. Consistency the Key to Coke’s Success The real thing that makes the brand so darned iconic and recognizable is that same simple logo […]

10 Ways to Use WhatsApp for Business

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Social media networks and messaging apps have changed the way we communicate, and for businesses it means adopting these technologies to reach their audiences. As the largest messaging application, WhatsApp has more than 1.2 billion users globally and businesses have been using it as part of their communications solutions. However, with the official invitation of businesses by the company last year, it is being used for more than just internal communications. And with the addition of Snapchat-like functionalities with the new Status feature just last week, WhatsApp can now be used by businesses to interact with their customers even more. […]

Business Ideas – Key Factors To Analyze Before Pursuing A Business Idea

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Performing a search for business ideas on any of the popular search engines can leave you completely overwhelmed. The sheer number of ideas and opportunities is alarming, and your task of finding the idea that best suits you is made complicated. You will be exposed to small business ideas, home business ideas, franchises and various other opportunities when researching your options. When deciding on the right opportunity you should take a few important factors into account. It is no secret that a large percentage of new businesses will never turn-over a profit and there are many reasons for this. For […]

20 Best Time Management Apps for Small Business

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For small business owners, handling the ever growing number of online and off-line activities, including emails, social media notifications, text messages, phone calls and others chews up precious time. The following 20 time management apps have been designed to help you manage your time, plan well, become more productive, and more importantly stay focused on your core business operations. Time Management Apps Asana Asana is used by everyone from NASA to Intel, Samsung, Tesla, Uber, and many other global brands. However, it is affordable for the smallest of businesses. The platform has a flexible interface with a dashboard that lets […]

The Struggle and Payoff of Setting Up Shop in an Airport

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Continue reading the main story There are also staffing and logistical challenges. “First it was just me,” he said. “Then I hired a couple people to help, because I had to go buy the inventory and do the payroll.” Mr. Montoya continued, “But what you have to understand is, the airport is pretty far away from the city, so not that many people want to go out there to work. Then you have to be sure you hire people that can clear security, so background checks become really important. Then once you get them their badge, just getting from the […]

Top Considerations for Domain Names and Hosting Providers

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Your website is your company’s virtual address to the world. While businesses put a lot of time and effort into website design and usability features, equally important decisions, like selecting a hosting provider, often receive less attention. In fact, per the 2016 “State of Small Business” Report from Wasp Barcodes, issues like hosting providers and domain selection don’t even make the top five list for small business concerns! If you’re curious, issues like improving customer experience and retention do make the list. Ironically, many small businesses fail to see the connection between technical issues like hosting provider selection and overall customer […]

Proven And Profitable Money Making Ideas

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With an entrepreneurial spirit, perhaps you might be thinking about money making ideas that have been proven and are profitable on the internet that you can use to make a living with. Online business is still an evolving tool to earn money. Everyone has predicted a major tech crash as a matter of fact it’s already happening. According to Hostingfacts.com in 2017, “there will be more internet traffic than all prior internet years combined. Wi-Fi and mobile-connected devices will generate 68% of all internet traffic in 2017.” More statistics show that “worldwide retail e-commerce sales will reach $1.915 Trillion in […]

At Home Business Ideas For the Handicapped Or Disabled

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The best home based business ideas begin with knowing your niche. If you are one of the many handicapped people who want to contribute, remember, you have certain skills, life experience, interests and values that others may not have, so finding your niche is going to be much easier. Here are the 10 best home based (handicapped accessible) business ideas you may want to consider: 1. Bed & Breakfast- Especially for others with a handicap. If you live in a large home and love visitors, this is a ready-made, handicapped accessible business to help the disabled get out there and […]

Ideas for a Beach Business

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How many times have you thought of running a business on the beach? Maybe you have already lived near a beach and are constantly searching for simple ways to make additional income. Each year, millions and millions of holidaymaker and locals go to the beautiful beaches around the world, conveying a lot of traffic and sales to practically all business men, wherever they go, having a beach business guarantees that you will make money, only if you can offer things that tourists need. For example, you could have your own cart or stand, or you can provide all those little […]

The Biggest Skill You Need to Run a Business (It’s Not What You Think)

by spainops
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I hold an MBA from London Business School and there’s no doubt it’s a valuable degree to have under one’s belt. I guess to some extent I have to say that; how else would I justify the exorbitant tuition fees? Still, I learned a lot during that year. Much of it applicable in the real world, which isn’t always the case when it comes to tertiary education. That being said, there’s one skill they don’t teach you in business school. It’s something I believe to be more important than smart business acumen, exceptional marketing know-how, or even financial savviness. Make […]

How Do I Start My Own Business In Retail?

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Starting a retail business has been one of the harder ways to start a business, and the statistic that “98% of businesses fail in their first year” has a lot to do with this business model. Here’s the reason why… Retail businesses usually require a large sum of money to start. I’m going to share a method with you for starting a retail business that isn’t that costly, but let’s first look at how retail businesses were usually operated before. Other than having to pay for your monthly lease, you have to worry about hiring employees, hiring a manager (if […]

5 Tips for Creating a Profitable Business Idea

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Recent studies and surveys reveal that there’s never been a better time to be an entrepreneur. But for some reason though, most people presume starting a new business is a mysterious and a rather risky process. Although they might want to start a business, they fail to take the leap in fear of the risks involved. Honestly, treading on a new territory is only risky as long as it remains unknown; for once you know what you’re up to, you ‘ll also know the ways to master your way around. While the estimates might vary by a small margin, on […]