If you're an entrepreneur, you know that there are many key factors involved in running a successful business. Although you may have the drive and determination to make your business successful, being unsure of exactly how to run your business effectively can have detrimental results.
Today’s intuitive and advanced technology offers many options that can help your business run more smoothly. Here’s a look at five ways to work smarter and streamline your business operations.
When it comes to building your business, solely having an excellent business concept does not guarantee success. To complement your business idea, you’ll need business acumen and the ability to think ahead. From the beginning, you will need to build a scalable startup and take steps that will prepare you for the process of growing your company.
Constructing the foundation for sustainable scaling is one of the many demands of our role as business owner. In consulting business owners and running a small business of my own, here are four lessons I’ve learned about building a scale friendly business:
Everyone knows that your cash flow is one of the top stressors of a new business. Most small businesses turn to funding from seed investors when money gets low. However, risk and low valuation can keep businesses from getting the money they need to feel financially comfortable. A business owner’s lack of income can impact their ability to keep their business afloat, and a lack of a payroll budget can prevent employees from coming and staying on board.
While a new business venture cannot guarantee a certain amount of sales or cash flow, these three tips will keep you out of debt and allow you to build your company without losing your sanity.
The global marketplace is rapidly expanding. At the same time, it’s packed with niche markets. Thanks to the internet, local businesses now have opportunities to enter new markets like never before. Which makes selecting the right approach crucial! Here are three tips as you enter in new markets and pursue a global influence.
We all know there is absolutely nothing wrong with making money in your business. However, when money is the only measure of success, it is easy to get caught up in the universal myth that more money equals more happiness. There comes a tipping point where you need to make conscious choices around growing your business, which includes defining your own version of success and getting clear on how big is big enough. Instead of working your fingers to the bone, here is how to figure out what business model works best for the lifestyle you want to achieve.
Sales are solutions based, they are a result of approaching a situation and asking, “How can I help this person?” While helping someone is always the goal, the world of sales can be brutal and unforgiving at times. The desire to hit your company’s revenue goals can add lots of stress to your life. Moreover, that drive and determination can quickly transform into desperation. When sales are made in this context, you are not respecting yourself or your clients.
On a daily basis, we as entrepreneurs are confronted with a broad range of ethical dilemmas. With so much pressure to succeed in business and make profits, business owners are faced with the challenge of having to make choices that can blur their ethics resulting in good people doing bad things.
Company Profile: When The Connection Network (“TCN”) was founded in 2014, it was built on a desire to bring about unity and positive change in the Detroit community. Therefore, the non-profit organization aims to cultivate a positive impact within its community by providing a platform for women of color to support one another, build stronger professional networks and mentor the next generation of female leaders. Check out the exclusive interview below.
While building a successful business, there are so many fears that you as an entrepreneur may face, the fear success or failure, the fear of making the wrong decision or not getting the feedback you hoped for or expected. Fighting your fears is not easy. However, having that lack of confidence while building your business will hinder your abilities. Our work is a direct reflection of our self-love and self-worth. Therefore, to succeed at the level you are truly capable of in business and life, we must match any fear or challenge that may come your way and raise the bar for yourself.
Entrepreneurs! As you settle into 2016, it is easy to put off essential personal needs to maintain your business’ momentum. Here is a list of six gifts to give yourself as you push forward to build your empire.
When I first started learning about marketing my business, one of the fundamental principals that all of the materials stressed was to figure out your target market. As you all know, this meant that I needed to determine who was my ideal client, target audience and niche.
When I first researched this, I initially thought this meant figuring out what kind of services I want to provide or whom I wanted to offer services to. In typical newbie fashion, I thought, “I don’t care about the what or who I just want the jobs!”