Financial, management, and business advice for entrepreneurs.
“Hi, Mr. Boyd? This is Joe, the restaurant manager. The credit card you used to pay for your carryout food wouldn’t go through. Your bill wasn’t paid.” “Ummm- that’s not right. My son just picked up the food, and he paid cash.” Joe flipped through some papers.
There’s a fine line that all small businesses walk. The line between keeping overhead costs manageable and ensuring that they’re investing appropriately in their business. All entrepreneurs know that reckless, or frivolous vanity spending can mean doom for a new enterprise. On the other hand, failing to invest in the right employees, the best equipment […]
Of all the mistakes we make in business, poor communication is something that we’ve all done from time to time. Whether it’s not making yourself clear with your employees, or a serious error in your advertising communication, we’ve all dropped the ball. Great communication, however, is a fundamental tenet that solidifies your relationship with customers. […]
Some mistakes are difficult to overcome. We’d like to think if we can work hard, solve a customer problem- and have an ounce of luck- then our business will succeed. Alas, this might not be the case. Despite all of our efforts, there are some issues that slow down our journey towards success- or stop […]
Tough, but worth it. That’s the opinion many people have about becoming a business owner. The journey can be challenging, but you can see a big payoff.
As a business owner, you have to manage the added burden of keeping your business operating when you’re away. If you operate your own business, you care about reaching all the targets that you’ve set, and hitting goals that you’ve mapped out is important, in order to grow your sales and profits. However, life does […]
Entrepreneurship is in some ways like any other job. You show up, you work, you go home. You pay yourself at the end of the month and enjoy witty banter with your colleagues… But that’s pretty much where the similarity ends.
How do your educate yourself for your career? It is an unfortunate thing that a lot of people don’t get much from their time in school. For those who don’t find traditional learning methods to be useful, spending years in school can be very frustrating.
Every week, you’ll find a story about a crime committed by a business owner in any big-city newspaper. Being a business owner is a role that a lot of people aspire to. The idea of running your own company seems like a lot of fun, and having the freedom to do the work you enjoy […]
Creating and growing a successful business is difficult. Everyone who starts a business does so with the intention of being successful, but there are a lot of challenges involved. For every business that succeeds and makes a real impact on the world, there are dozens upon dozens that don’t make it. Whether it’s because […]