Things Your Small Business Needs to Spend More Money On

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Businesses are incredibly difficult ventures to start. More than half of all businesses fail within five years of starting, according to statistics gathered in 2016. While this is far better than the traditional belief that half fail within a single year of starting, it is still clearly a challenge to start and continue running a small business. Related: 4 Apps That Really … Read More

Why Quality Over Quantity Matters

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Most entrepreneurs, from the time they start their business, think about the prospect of scaling. Scaling is the necessary path to improve profitability, expand your reach and solidify your long-term prospects. So, no matter what your main motivation is for becoming an entrepreneur, chances are you’ll find scaling highly appealing and Quality Over Quantity is more important than ever. But to scale … Read More

Developing a Product Around an Unknown Concept

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developing a product

Developing A Product Imagine trying to explain the value of the transistor radio to the general population back in 1954. How could manufacturers convince consumers that they would meet needs customers weren’t even aware they had? A tough sell, but once it caught on, it changed the world. Being an innovator always comes with the huge challenge of educating potential investors, developers and … Read More

How To Overcome Entrepreneurial Stress

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Entrepreneurial Stress

Overcome Entrepreneurial Stress Entrepreneurial Stress go hand-in-hand; however, I recently had lunch with a civil engineer who helped reframe some of that work-related stress for me. During the meal, my friend talked about a bridge restoration project over a local river he was working on that presented significant challenges. The physical terrain, elevation, running water as well as other factors applied different … Read More

Reasons Why Businesses Fail

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businesses fail

Reasons Why Businesses Fail   Entrepreneurship is no walk in the park. In fact, the amount of new businesses fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.   However, don’t be discouraged. If you believe in your business, passion will prevail. On … Read More

Slow and Steady Wins the Race: How This Entrepreneur Built His Empire

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Open your internet browser, and you’ll be flooded with stories of overnight entrepreneur success: “I made a million dollars in my first year” or “I run my seven-figure business from the coast of Fiji.” That sounds great, but is it really true? While a few business owners were born into fame and fortune, they’re the exception and not the rule. Good old … Read More

Why Being Lazy Might Be the Secret to a Successful Startup

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With all of the talk of disruption, it’s easy to believe that reinventing the wheel is the only way to have a successful startup . There’s a lot of pressure to innovate and create, but that’s not the only way to make a truly great business that has staying power. In fact, being “lazy” and copying a model that’s already … Read More

How Millennials Are Unlocking the New World of Startups

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startups

Millennials And Their Startups It’s every parent’s hope that their children have a better future. For Generation Y, that future is more achievable than ever before for startups — but it doesn’t come without its challenges. Late last year, the Wall Street Journal published the findings of a study from Harvard, Stanford and the University of California. Stats showed that … Read More

The 3-Step Approach for Testing Out Your Business Idea

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science-of-success

Let’s say you wake up one day and decide the world needs a better mop, and you’re just the person to make it. Before setting out, you interview prospective customers. “Are you looking for a better mop?” you ask someone. The person searches his memory for all the times he’s wrestled with a mop or hated the smell of it, … Read More

Business Plans: A Step-by-Step Guide

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business plans

A business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you’ve written a plan, or at least the germ of a plan.   Business plans are inherently … Read More