Mindblown: a blog about SHY Entrepreneurs.
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How To Measure Business Performance. Effectiveness Vs. Efficiency
I found myself in yet another interesting conversation with a successful entrepreneur on the topic of successful business practices. We were discussing what is needed within an organization as it grows from a mom and pop shop to a mature corporation. It is obvious that the demands of the company will change as it matures…
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Part Time Money Making Ideas
It seems most people could use additional money on the side so I wanted to share with you a few things I have done to give you some part time money making ideas. What are the two things we never to seem to have enough of? Money and time. I believe this is why many…
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Entrepreneurs, Take Advantage of the Business Cycle Phases
I recently met with my financial advisor and our discussion sparked an idea for this post. I am going to discuss the business cycle and how as entrepreneurs we can better position ourselves to take advantage of the phase changes. The Business Cycle As you know there is an ebb and flow to our economy…
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What is The Importance of Human Capital in Small Business?
A series of conversations has prompted me to address the importance of the human element as it pertains to small business. It seems as though most understand the importance of financial capital and overlook the role human capital plays in successful companies. I find this interesting especially because the significance of human capital can arguably…
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Iterative Development Model
I have heard a lot of talk lately about lean and iterative startups and I must say I fully agree with the approach. People seem to jump in with both feet before they even know if there is water in the pool. Starting small and releasing a product as quick as possible cuts out a…
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When You Suddenly Need to Be Able to Accept a Payment By Credit Card
Sometimes a short-term problem, once solved, becomes a long-term business advantage. I have never had a need to take credit cards other than maybe once or twice here and there over the last few years, and we’ve always found a solution that gets us through. But just last week I had a government customer that…
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Small Business Inventory Management
Managing inventory variability is a constant struggle in business one tool to help manage this is a regression analysis. A regression analysis is a statistical assessment of date that seeks to identify a general overlaying trend. It defines a sample set of date as a line. Like all statistical tools a regression analysis has limitations…
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Are You Aligned With Your Profession?
A conversation with a college student has pushed me to address the issue of alignment between oneself and one’s occupation. If you have ever taken the Myers Brigs you may have an idea of what I am talking about. It may seem rudimentary but aligning one’s self with a complimentary profession is not a cut…
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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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Best Database Software for Small Business
Organization is a huge part of competing well in the game of business but often times small business owners don’t have the foggiest idea of how to approach organizing their information. If a boxed solution such as Quickbooks will work for you great, if you need a bit more flexibility there may be a better…
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