The Visionary Entrepreneur Resists Peer Pressure
June 16, 2008
It begins as an idea. Once fully developed, the idea takes on a life that has roots in marketing, research, customer service and personal vision while wrapped in a unique blanket of promise. The growth of the entrepreneurial spirit has much to do with creativity. The following quote is not attributable to any author, but certainly goes to the heart of being a pioneer in business; “Visionary people are visionary partly because of the very great many things they don’t see.” A visionary... Read more »
Protect the Visionary Entrepreneur?
June 16, 2008
“You cannot protect something by building a fence around it and thinking that this will help it survive.” Wim Wenders In America there is a push to provide protectionist status to American positions to ensure the viability of American business as well as American jobs. Does this idea make sense for the entrepreneur? The Internet has provided a means of tapping into a radical new business model. This model relies on the ability of a business to reach beyond the borders of their town,... Read more »
Sell a Software Company - The Valuation Dilema
June 16, 2008
One of the most challenging aspects of selling a software company is coming up with a business valuation. Sometimes the valuations provided by the market (translation - a completed transaction) defy all logic. In other industry segments there are some pretty handy rules of thumb for valuation metrics. In one industry it may be 1 X Revenue, in another it could be 7.5 X EBITDA. Since it is critical to our business to help our information technology clients maximize their business selling price, I have... Read more »
Home-Based Business Success
June 16, 2008
The world is open to the Internet business today. Many consumers are surprised by the number of legitimate money-making opportunities available. There are countless opportunities to pursue a home-based business for extra income or even get rich. Current prospects go beyond the traditional schemes. Many current home-based business networks have been in practice for years and have established histories. Technology has urged major changes in American commerce. The usability and security of the Internet... Read more »
Important Tips In Writing A Business Plan
June 16, 2008
Creating business plans is one of the first skills a budding entrepreneur/businessman must learn. It can be a hard skill to learn but this is a fundamental skill to acquire if you want your business to succeed. To ease your way into learning how to write a business plan, remember these following tips: Write from the point of view of your audience. Your audience’s perspective is what you should use when writing a plan. It should be able to answer questions about the plan’s purpose, avenues... Read more »
Starting a Small Consulting Business - How to Start Your Business Plan
June 16, 2008
Starting a small consulting business for yourself includes many challenges you need to overcome. It is imperative that you have a business plan to start the business. There are many approaches to business plan. Some are very elaborate and fancy and have a lot of words them. However, they can take forever to build and you do not want paralysis by analysis. Your plan should include what your business does and how you are going to generate revenue. Here are a few suggestions to start a simple business... Read more »
What is a Real Estate License Agreement?
June 14, 2008
Keeping all of the different agreements and contracts present in the world of real estate straight can be tough, especially since so many of them seem to do similar things as other already existing contracts. A real estate license agreement is used by a land owner who is looking to license a piece of land to another party for use. Such examples would be a university licensing a piece of land to a company to build retail space on or to a company to rent out a retail space for a set period of time.... Read more »
Introduction to Franchise Business
June 14, 2008
The concept of franchising as it is known today dates back to the 1840s in Germany, when major ale brewers gave the exclusive rights to sell their products to certain taverns. But the true guru of modern franchising is Isaac Singer, who in 1858 built the market for Singer sewing machines using franchising agreements similar to those found today. Singer’s method of franchising, the product distribution method, was picked up by many manufacturers, including Coca-Cola, which expanded its product... Read more »
Reason Why Franchise Businesses Fail
June 14, 2008
Franchise is a business relationship. In fact, franchise is the most relationally intense business concept that exists. This relationship links a company that wants to distribute a product or service and an entrepreneur who searches for franchise opportunities to run his or her own business. Just as there are endless questions to be asked before buying any franchise opportunities and committing to a franchise, there can also be endless reasons why franchises fail. However, there are three major... Read more »
Learn How To Invest
June 14, 2008
These days there are literally thousands of ways in which to invest your (or someone else’s) hard earned money. Before you commit though, have you taken the time to actually learn how to invest? Have you taken the time to do due diligence and not relied on what someone else has advised? The cheapest advice is at the end of the day, usually the most expensive. So how just do you learn to invest? Whether you have one dollar or one million dollars, the principles behind investing remain the same.... Read more »
