Starting a business is no easy task and it can be overwhelming to conquer the many tasks involved and make sure that all the pieces are in place. However, with the right focus, it is possible to build a successful business with a solid foundation. The five pillars of successful entrepreneurship are key components to … Read more
“I don’t know” is a phrase that few people will admit to saying. This can be due to fear, embarrassment, or the fear of not being able to answer a question. However, this phrase should not be taken negatively. In fact, it should be seen as liberating, as it is a way to cut through the clutter when you do not have an answer a gateway to learning what needs to be done for your business.
Entrepreneurs believe in sacrifice. They sacrifice for clients, employees, and vendors and willing to overcome anything that might stand in the way of dreams. The sacrifice mentality affects owners and their families because they do not consistently compensate themselves. With all the effort and perseverance needed to run a small business, a business owner must be able to maintain their livelihood and support their family’s needs, or eventually, the business will fold.
Ask any small-business owner what he sees as the major challenges to growing his business, and chances are he’ll say: winning more sales. Ask any medium- or large-business owner what her major challenges have been, however, and she’ll probably say: structural growing pains — putting into place the necessary processes and structure to accommodate a … Read more
You started gardening to de-stress, and now your family room is filled with exotic orchids. What began as a hobby has evolved into a side hustle—you’re selling propagated orchids to other enthusiasts. With income flowing in, you wonder if it’s time to treat your orchid-growing passion as a business. Once hobbies generate income, they often … Read more