As a serial entrepreneur, I get the question a lot on how I got through not only one company but multiple. Did I have great mentors? Did I learn from someone? Did I learn in school? I think most entrepreneurs have different journeys of how they got to where they are today and what inspired them. What makes us all unique is we have our own stories, our own journeys, and our … [Read more...]
How to Save a Dying Business
The cyclical nature of business suggests that at some point, your business is going to go through a down phase---a recession and oppression that is either due to owner mismanagement or the overall economy. Many know the statistics of business failure, what is less known is the statistics of business survival. Saving a dying business that has gone through a major downturn is … [Read more...]
5 Things to Consider Before You Sell Your Business
Ending a business is usually the last thing a business owner wants to think about. However, succession planning should be a top priority of business planning. This is because it is important to think how you are going to build the value of your company. How you plan to end your company may be a necessary part of how you plan to start your company. Are you building something to … [Read more...]
The Reluctant Entrepreneur
While for many, the career choice of entrepreneurship answers the call of destiny, for others there is no calling, until necessity knocks at their door. Often referred to as the ‘Necessity Entrepreneur’, (a purely descriptive term), those that find themselves on this path do so out of personal or professional circumstances that leave them no option but to work for … [Read more...]
Are You in Business or Do You Just Own a Job?
Leverage is one massive key to successful business. And leveraging the skills and experiences of people who work with and for you is absolutely essential if you want to reach the dizzying heights of business success. It is also a skill that a lot of business owners lack. You may have started your business as the general dogsbody---learning how to do every little thing in … [Read more...]
What You’re Selling isn’t Always What They’re Buying
Do you ever wonder why the prospects on your mailing lists and in your locality do not buy from you? Maybe this story will help. Sally owns a flower shop and takes great delight in helping customers buy flowers for their partners, for weddings, for Valentine’s day and all the events people tend to buy flowers for. Between events, she struggles to find any customers and the … [Read more...]
5 Ways to Decide if an Alliance Will Work for You and Your Business
Being in business can be a lonely game, especially if it is just you in your pajamas, in front of your computer, trying to get your message out to the world. There are less solitary ways, you know. An alliance/joint venture/strategic partnership is one of them. Setting up alliances with other businesses that serve the same customers you do is a well-known strategy that … [Read more...]
Changing the game: How partnerships can change you business
In our quest to build an empire, we are often tempted to rush through relationship and just do it ourselves. During my many mistakes I have learned that the best way to build your empire is to collaborate and build relationships. Collaborating is not easy, you have to bring something to the table; so here are the secrets to successful collaboration as a small business. I … [Read more...]
Why you need a female mentor
There will always be people that teach you things, but the real things you need to know will come from your female mentors. I may get a little cheesy here, but bear with me. These people are the ones who will help you build your foundation and who will understand the guilt you feel, when you have to leave your kid at the babysitter for another meeting. They get it, they … [Read more...]
5 Secrets to Owning Success for Small Businesswomen
Sponsored by VISA Business: 1. Perseverance In the words of Steve Jobs, “About half of what separates successful entrepreneurs from the unsuccessful ones is pure perseverance.” One of the most essential secrets to owning a successful small business for any businesswoman is committing to the long haul and never giving up. Many successful entrepreneurs had multiple business … [Read more...]