Superior Entrepreneurial Skills that will bring Success to your Business

There are said to be seven business skills that every business man or an entrepreneur adopts to build his empire. These seven skills are more or likely said to be the cornerstones for all the business and entrepreneur success.

Successful female entrepreneur

The seven skill sets are:

Sales

Sales is the deportment that generates revenue in any organization. No matter how good your manufacturing operations are, or how cutting-edge your technology is, or how stern your financial goals are, or how progressive your management techniques are, you still must have a powerful and efficient sales mechanism in place, or everything else will be useless.…

Continue reading

B2B or B2C – Which Should My Startup Choose?

Opening up a new startup company comes with many decisions. Where are you going to work? Who is going to be working with you? How are you going to sell your product or service? It is this last question that is the focus of this article.

B2B vs. B2C for startup

When it comes to selling your product or service, you typically have two primary options — you can sell it directly to a customer, or you can sell it in bulk to another company and let them sell it to their customers. It is a major decision for your new company to make, and as such it is not one that should be taken lightly.…

Continue reading

Debunking 6 Myths About Entrepreneurship

Whether it’s big offices and lots of free time shown in movies and TV shows or the classified ads that shout to you to be your own boss, the allure of creating your own product and building your own business is something you see daily. In reality, entrepreneurship is just like any other job. There are advantages and disadvantages to being your own boss, and having knowledge about the myths that surround entrepreneurs can help you decide if it’s the right path for you to take.

Overwhelmed entrepreneur

Myth 1: You Have to Have Money to Make Money

Everybody knows that Donald Trump started his businesses when his father gave him a small loan of a million dollars.…

Continue reading

7 Essential Elements of a Successful Company

It’s not easy building a business, but it is one of the most rewarding things you can do. You need more than a good idea, more than a good product or service, and more than a receptive marketplace. You also need to figure out the essential elements necessary to build a sustainable business.

Building a successful business

You have to choose the right business model, understand your buyers, and develop efficient processes. You also have to use the best resources and source the right business partners. Finally, you have to be a student of your craft, and never stop researching and developing your business. Without consistent innovation, you will miss many opportunities to grow your company.…

Continue reading

Why Investors Don’t Love Your Hardware Startup and What You Can do About It

Hardware-focused entrepreneurs know that starting and scaling a hardware startup is a monumental task. Between product creation, manufacturing, supply chain, sales and branding, it takes focus and stamina. Not surprisingly, nearly 90% of new startups are software focused.

Hardware startup founder

According to PWC and the National Venture Capital Association (NVCA), of the companies receiving venture funding for the first time in Q4 2015, software companies received the largest share, accounting for 37% of the dollars and 39% of the deals. Investment in hardware was less than a quarter of the amount invested in software. So why are VC’s hesitant to invest in hardware companies and how can you finance yourself without their funding?…

Continue reading

What Can Small Businesses Learn From Start-ups?

Let’s get one thing out of the way: you’re an entrepreneur. Your mind is constantly spinning with ideas to share your passion. You probably already have or at least moving toward stepping away from a traditional day job in pursuit opening your business. You’re about to take that first giant leap toward turning your dreams into a reality.

Startup

Dig further into the motivations behind pursuing a business and you’ll find a myriad of reasons. Here lies the rub. Motive is a key difference between small businesses and start-ups. While they share many characteristics, such as a scrappy, pull-yourself-up-by-your-bootstraps work ethic, start-ups and small businesses do have some key distinctions.…

Continue reading

Your Own Construction Company is Possible through Franchising

If you’ve ever caught yourself admiring some type of construction work–whether it be vinyl siding, paint, carpet, whatever–you may also find yourself thinking of doing that type of work as a career, especially if your current employment is stagnant, unfulfilling, or insecure.

Construction business owner

The fact that you are inspired by the work of others shows that you have a heart for the trade. Once you’ve got that, you’ll be willing to do what it takes to succeed–learning the skills, doing the legwork, and making a quality product.

Of course, the main reason you haven’t already started a business is probably the fear of finding a market.…

Continue reading

How to write a Proper Business Plan

Having a well-defined business idea is necessary if you want to have a breakthrough in your entrepreneurial journey.  Many can generate business ideas, but not many can have a well-defined one. Just ask around, and you’ll learn that even seasoned entrepreneurs are often having a problem in generating a proper business idea ready for act upon, e.g. in the form of a business plan.

Business planning

Business plan, the starting point

It’s important to note that a business plan is the starting point for what comes after, e.g. plan execution. Therefore, it’s essential for the business plan to be well-written. If you feel that you need help in penning your idea in the form of a written plan, you can always hire someone to do it, like Business writing service – CustomWritings.com, who can help you craft a well-written business plan.…

Continue reading

Essay on Starting a Small Business

Starting a small business is the best way to gain freedom. Although this statement is disputable, it has sense.

Why do people decide to become entrepreneurs? They are longing for independence. Small business helps one manage his time in the way he wants. He can produce the goods and services he likes. Finally, he is able to try to be responsible and creative.

Small business owner

Small business is very important for the economy of every state. Small entrepreneurs contribute into the state budget a lot. It is possible to say that the complex of small and middle firms provides the country with the same profit as big business does.…

Continue reading

Ways to Keep Your Momentum Going as an Entrepreneur

The life of an entrepreneur can be very arduous, but also thrilling. An entrepreneur sees everything as an opportunity to create capital. Not every idea an entrepreneur has will be the motherload of ideas, but the defining characteristic of an entrepreneur is tenacity and the utter resistance to give up.

Determined entrepreneur on the phone

You must try, try again, and work through those one thousand ways how not to make a lightbulb as Thomas Edison did. It only takes one bright idea to illuminate the world and change it for the better, forever. It can be a challenge to keep going, however. Life is full of rejection and it’s not always easy to push through a wall of endless no’s.…

Continue reading