Launching your own business might have been your lifelong dream, but this is not a destination, in fact, your journey has just become. Besides daily business challenges like taxes, staff necessities or marketing strategies, another crucial aspect should also consider is improving your managements skills. If you want your small business to thrive, you need to know how to guide everyone toward success. Let’s look at these basic abilities that can help you become the perfect leader for your business. (more…)
Starting a business as a student is an exciting and eventful experience where you will have to face many hurdles in order to become successful. Throughout the process of starting my own business, I went through several challenges that many students who own businesses face and learned a lot of lessons that I want to share today.
Worrying about your finances is perfectly normal for students and one where having a full savings account, wealthy parents, or another source of capital would certainly come in handy. Starting out on your own can still be done with a small capital, no matter what your financial situation looks like. (more…)
As a business owner, you’re no doubt very familiar with long days and sleepless nights. Depending on your company’s size, you may have already figured out that babysitting, counseling, marketing, payroll, P&L, ROI, accounting and planning and hosting the company holiday party, are just a few of the many hats you’ve become accustomed to wearing throughout your daily life.
If you are just starting out, or perhaps thinking about launching into the entrepreneurial world of business, hang onto your hat(s). You’ll need to learn how to wear them all, whether they fit or not, if you want your dream to become a successful reality. (more…)
Small business leaders wear many hats. They do it all — from high-level strategy to opening the mail and taking out the trash. They’re accustomed to being producers and getting things done and done well is all within their nature.
Unfortunately, this spirit of self-reliance can be a major obstacle when it comes to building and managing a team. When you’re used to single-handedly running the ship, it can be difficult to relinquish control to your crew members. But doing so is often the key to taking your business to the next level. (more…)
Do you struggle with communicating with other departments at your job or keeping the flow of conversation active? Today our guest poster Felicia Baratz discusses how businesses can enhance and build up their company relationships, no matter how different the dynamics may be.
Of the many struggles workers have with their jobs, Interdepartmental communication remains one of the major complaints expressed. For example, your billing department needs to talk with other departments to verify invoice information and pricing options on a regular basis. Without strong and consistent communication, you won’t know about special arrangements made by the advertising department or fee waivers offered by the sales team. You cannot accurately do your job without active communication between departments. (more…)
By David Nilssen, CEO & Co-founder, Guidant Financial
Before you make the leap into business ownership, it’s a good idea to ask yourself some tough questions to make sure you’re up to the job:
1) Are you self-motivated?
2) Are you organized?
3) Are you proficient in finance, accounting, sales, marketing and customer service?
4) Are you willing to put your business first?
If your answer to any of these questions is a firm “no” you may want to re-think your plans for entrepreneurship. If not; keep in mind there is more to starting a business than enjoying the excitement and joy of potential success. (more…)