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Blog postYou need a host of skills as an entrepreneur. So, what does it take to be successful? After building 12 companies myself and working with 1000's of others, I put together a list of what sets top performers apart from the rest. Take a moment to reflect on your existing skill set and explore ways to sharpen your skills. Or, see if you have what it takes to become a part of the society of entrepreneurs.
❏ Time management skills. I use my time wisely and avoid wasting time unnecessarily. -
Blog postIf you happen to look at yourself with a critical eye and say: “I Don’t Understand My Business.” Then you are a D.U.M.B. business owner. That doesn’t mean you are unintelligent. It means that there are things happening in your business that you haven’t figured out. Don’t worry, its normal. Most of us were/are D.U.M.B. at some point in our business careers. The great thing is that you don’t have to be. Just learn a few simple concepts and change the way you think. This list comes from my semin
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Blog postUp or out?! If you want to take advantage of entrepreneurial profit, you need to migrate your client base up the value chain of your firm’s services. The lower-end clients will become a drain on your resources and ultimately be less profitable. For this reason, it’s OK to let your lower-performing clients go. In my opinion, they're D.U.M.B. No, I'm not saying they are unintelligent, they just Don't Understand My Business. They don't "GET IT".
Recently I wrote a Client Migrat -
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Blog postEvery career has a set of habits that greatly increase the odds of success. The habits necessary for success will vary from career to career. Fortunately, there are many successful entrepreneurs that we can look to for guidance. It’s not surprising that many of them share the same habits.
There’s no reason why you can’t have the same habits as some of the most successful people in the world!
Increase your odds for success with these habits: 1. An incredible work ethic. It take -
Blog postIt’s commonly advised that you should never give up. And, that’s great advice, as long as you have a good idea. There’s nothing wise or admirable about wasting your time, no matter how committed or motivated you might be.
It’s not always easy to tell if a business idea is a good one, but there are some telltale signs that you’re probably on the wrong track.
Notice these signs to avoid pursuing poor business ideas: You hate it. Being a successful entrepreneur takes a lot of time, e -
Blog postIs your small business struggling to make enough profit to pay the bills? Living paycheck to paycheck can be quite frustrating. Perhaps you started a small business so you could pursue your dream while earning money at the same time. If so, then you know that it isn’t always easy to get a small business to bring in the profits you’d like.
However, if you’re willing to work hard and have a good plan, there’s no limit to how far you can take your small business. Luckily, there are many -
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Blog postHave you ever looked at another business owner and thought, “Man, they have it made.” They just seem to have a confidence that fills the room, or maybe you like the way other people interact with them. What is it? That “it” factor that others seem to have that makes their life look so much easier than yours feels. It could be that they have figured out the secret to being “liked”.
Bet you didn’t know it was a secret? In reality it isn’t; but there is a similar characteristic that succ -
Blog post4 Levers Control All the Cash in Your Business– All You Have To Do Is Pull
I grew up being among the first generation of video game players. To be honest, I still dabble with them when I’m bored. The evolution of the games has been amazing to see. But what I have not enjoyed is the evolution of the controllers. What started as a knob that I could rotate to move a cursor up and down the screen (Pong), has become an assembly of buttons, triggers, and joysticks (PS4 or Xbox) that I rarel -
Blog postDon’t do it they said. You’ll damage the brand and reduce its value. People don’t trust free products. The list of reasons why you shouldn’t launch a free product is long. The scariest of course is “how will your company survive?”
But let’s imagine you answered the survival question and genuinely felt that your product could positively impact the world. The only thing between a noticeable change in the lives of your customers owners and your product was letting them know you existed. -
Blog postHave you ever placed a car you own up for sale? What is the first thing you do? You clean it up. You fix the things that need it. You get the french fries out from between the seats. You get the car ready to present to someone else with the hope that it will attract top dollar. It’s natural for us to do this. We are trying to get the most out of our car.
A curious thing happens right after you clean up your old vehicle. Especially, if you are still driving it daily. You get behind the -
Blog postWe have all been there. It is the end of dinner; the place is packed, and your server is nowhere in sight. You sit, you wait, and finally the server makes an appearance and is running as fast as they can. It is a dilemma that plays out during the busiest times in a lot of our favorite eating establishments. It is so commonplace, that we as consumers have come to expect dinner to be a prolonged affair. Outside of the minor inconvenience it causes us as the patron; this is a huge problem for th
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Blog postWith the vast amount of information floating around the atmosphere, there are occasional nuggets that simply connect with you. You’re introduced to it and time stops, like an external force telling you of the moment’s importance in your life. You digest the moment and for an unknown reason, you know this piece of information will change your thought and behavior. The longer you consider the nugget of information, the more you internalize it until you can no longer tell the difference between
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Blog postIt’s not that I was unintelligent, it’s just that I got distracted. I was wrapped up in the thousands of details that made up my daily business life, and neglected the results I was creating. I got caught up in the day to day tasks of running my business, without knowing if I was successful or not. I felt busy. I felt important. I just didn’t feel satisfied about progressing towards my dream of being financially comfortable. I had what others considered as
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Blog postThere is simply one rule to live by in small business if you want to stay in business. The rule is the change in your operating expenses should mirror the change in your gross profit. This is typically called expense control. However, it should be called the essential function of a business. It’s essential because without it your company will die.
There is only one place in your company you can generate cash to cover your expenses and have a little left over for yourself. Your cash ca -
Blog postDaily, I have been reminded by the government, that the signs of economic recovery are all around me. It certainly doesn’t feel that way, but it leads to an interesting discussion about economic change. Small business has always been the axiom of contributing factors to the success of the US economy. But in modern reality, the prevailing thought was that the economy had to be led by banks. The signs of change are around us, but it more likely that the US economy is rea
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