Small business often make mistakes when they are just starting out. Some of these mistakes may not be so bad, but others can be absolutely fatal to their business. Many entrepreneurs don’t realise this, and it’s quite scary! If you’re interested to know what these mistakes are, read on for more information…
Outsourcing is often seen as a taboo topic by aspiring entrepreneurs. On one hand outsourcing is great for reducing overhead, something any smart business leader wants. On the other, it’s consistently cited as one of the most disliked aspects of modern free enterprise.
One piece of advice Sir Richard Branson offers entrepreneurs is to protect their downside. In an article in Entrepreneur he said, “Always protect the downside. I think it should be a guideline for every entrepreneur — or anyone involved in business ventures.”
A successful entrepreneur has to be energetic, organised and committed to a vision – all positive things, but they can lead to bad habits unless care is taken.
Whats worse is that some people self-brand themselves as entrepreneurs just because they left employee status. Some people, like myself, who run successful businesses for years never use the term entrepreneur when asked what they are.
I have already mentioned these two brilliant ideas on how to secure your first client(s) in my post “How do I leave my day job? The Pre-flight Checklist” but I thought they should also be within their own post for people who have already left their day job but needed some ideas for attracting clients.
Every business wants to grow. Ideally the best way is your idea is revolutionary and demand skyrockets into huge sales. Sadly that’s not how it works for most entrepreneurs. It can take years to build up a comfortable base.
I’m going to keep this short, but just to give you some interesting things I learned this year about leadership.
By this time the models bitchiness started to percolate through – Claudia Schiffer walked out of the venture, blaming ‘old problems’ with Naomi. ‘Instead of promoting our cafés Naomi only thinks about collecting lovers’, Claudia told Italian newspaper Il Messaggero.
They all run through the same process of getting up early, fighting the crowds to get to work on time, work 8 hours in a job they hate for a boss they hate, fight the constant life-sapping boredom of their job, fight to get home, eat, sleep and repeat. Their minds filled with the constant […]
Some very interesting facts about entrepreneurs.
A good statistic sheet for what makes up an entrepreneur. Notice at the bottom the top 10 problems facing small business…
