Category: Pre Business
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Top 5 Considerations for Small Business Success
1. Business is simple; don’t make it more difficult than it needs to be. Having spent a lot of time studying organizations and business theory I am so surprised at how little of it makes its way into successful companies. This is especially true for smaller organizations. In the end a business fails because it…
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Small Business Volatility
Most people you talk to will agree that the likelihood for success of a small business is not high. If you were to ask why, most would not have an answer. It is common knowledge that small businesses have it rough, but it is not common knowledge as to why. In this article I will…
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Island Economics
Have you ever wondered why one company thrives while another fizzles? It is a question that I come back to on a continual basis. The more I process the factors associated with success and failure of businesses the more I realize the answers for both are numerous. I don’t like this. I have to believe…
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Are Small Business Degrees For the Entrepreneur?
The topic of formal education is often on the minds of entrepreneurs as they begin their journey the problem is formal education can be expensive and requires a great deal of time. So what does one really get from such a program and is it worth all of the investment? Only you will ultimately know…
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The Advantages of a Small Business
It may not be evident at first glance, but small businesses have a huge advantage over large companies in many regards. Small firms don’t have the deep pockets to weather storms, but they do have the flexibility and focus that is not commonly found in larger corporations. This means that the ability to meet the…
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Your First Business? You Are Your First Business.
If you have been playing with the idea of starting a business because you want more freedom, a better return on your time invested, or just a better quality of life, start by looking in the mirror. You are your first business. As a contributing member of our society you provide a product or service…
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Thanksgiving, an Entrepreneur’s Endeavor
It could be argued that Thanksgiving is something we celebrate because early entrepreneurs did what no one before them could. To that I lift a glass. Thinking about the obstacles that stood in from of the early settlers gives me a greater level of appreciation for what we have. Our standard of life is so…
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Maslow’s Hierarchy of Needs for a Small Scale Business
For those of you who don’t know, Abraham Maslow published a paper in 1943 titled “A Theory of Human Motivation.” In this work he established a hierarchy of needs that he argued was fundamental to all humans. The structure of his hierarchy is often portrayed as a pyramid with the more basic needs making up…
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Why is Leadership Important in Business?
Leadership is important in business because all people are silently asking to be led. If you want to learn how to make money, learn how to lead. Business is a collection of people working for the same cause, and a leader is required to define that cause. Growth of a business will only come through…
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Youth Entrepreneur
Entrepreneurship is in many ways a mindset and often times can be identified at a young age. Entrepreneurs in their youth exhibit many of the traits found in their later years. Inventive problem solving, challenging the norm, and an ability to adapt are all signs of an entrepreneur. If this can be identified and nurtured…