When business owners fail to hold themselves accountable
Business owners labor from one built-in handicap that's difficult for them to avoid: Accountability! The reason is that as the owner of your own business, you really aren’t accountable to anybody. Your business lives or dies based on your skill. But day-by-day... it’s your kingdom! You’re the boss. As a result, even if you have a clear plan for where you want to go... you may not be executing your plan in a way that will ensure that you reach your objectives. You want somebody… or something… or both… asking you the tough questions about how you’re progressing with your plan. If you don’t have ...
Failure is always a step closer to success
Some people seem to get it right the first time. Others need more time. It really doesn’t matter. In the end, a winner is a winner. But lets look at this thing called “failure.” I thought about this for a long time… and then arrived at this simple conclusion. The reason you shouldn’t be afraid to fail is that everyone fails. It’s a special club that all business owners belong to.
Introduction
"In less time than takes to find a job you could start your own business." I know that's a bold statement. But I can prove it. When someone is laid off, they typically scurry to get resumes printed and mailed, follow all the help wanted classified ads, and make lots of contacts. After a while -- say in 2 months, 4 months, or more – there's a lot less activity. And no matter how hard they try, they simply can't spend 40+ hours a week looking for a job or sending out resumes. My goal is to help you build a business based on ...
Balancing life and business!
Too many business owners work long hours and sacrifice time for recreation, family, and friends. It takes an expensive toll and reduces the enjoyment of your business success. These 3 little known ways to own a business and have a life are things you can do… steps you can take… to reach a balance in your life. Planning. Planning is essential to life. If you don’t have a plan, it’s easy to wind up missing out on those things that are most important in life.
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Avoid startup mistakes
Disaster in the making?
Several organizations I belong to have bulletin boards where members can place ads or requests for help or information of one kind or another. This came through yesterday: My sister-in-law wishes to open a neighborhood cafe/bistro. Since she’s never done this before, she’d like to talk to someone who has started one and would be willing to... [Read more]
Avoid unnecessary distractions
Most people who start a new business are doing it for the first time. So they don’t have the firsthand experience of knowing what to do and what not to do during those critical first couple of months. If you head off to the library or a bookstore or surf the Internet, for example, you’ll find dozens… or hundreds… or thousands… of books, resources,... [Read more]
Don’t bother running to the bank
Many new business owners feel like the first thing they need to do when they have an idea for their new business is to run off to the bank to obtain a line of credit. This is one of those things that I discourage people from… especially that early in the process. The reason is that banks don’t invest in ideas. They want to see a track record... [Read more]
When business owners fail to hold themselves accountable
Business owners labor from one built-in handicap that’s difficult for them to avoid: Accountability! The reason is that as the owner of your own business, you really aren’t accountable to anybody. Your business lives or dies based on your skill. But day-by-day… it’s your kingdom! You’re the boss. As a result, even if you have a clear... [Read more]
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