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Despite some reports that the small business outlook is optimistic, the data says otherwise and the impact of small business on the recovering economy continues to dwindle. According to a report, the foothold that small businesses had leading up to the 2008 start of the recession has been slowly decreasing. As hiring has decreased in [...]
Small business owners must overcome obstacles on a regular basis. Those that succeed learn to turn these obstacles into assets. As an entrepreneur, every failure you encounter is actually an essential building block in your future success. What’s important is being able to recognize that. As the inventor Alexander Graham Bell said: “When one door closes, another opens; [...]
Every entrepreneur has their hero, the person who helps to inspire them and whose words of wisdom they turn to during the dark days. Heroes come in all shapes and sizes and we look to different people to help guide us in different stages and aspects of our lives. Some people might look to Einstein [...]
Many young people are unwilling to pull up their roots and move far away for a job that might offer a better salary, but not much security. An article in the New York Times earlier this year coined the phrase “the Nowhere Generation” for today’s twenty-something’s. The number of them moving to another state has [...]
What’s the most important ingredient in a successful startup? The idea or the people involved? Getting the team together before having the idea for a start-up would seem to stand conventional business wisdom on its head. Have the idea, test market it to make sure it’s any good, then get startup capital to make that [...]
As difficult as entrepreneurship may be at times, the reward is worth one-hundred times the struggle. Owning a small business is a romance. You fall head over heels, and you spend every waking hour thinking, daydreaming, planning, and building on your new found love. You learn as much as you can, and you spend time [...]
You need to trust your team members to implement the day-to-day details of the overall small business strategy you’ve outlined. One of the hardest tricks for any small business owner to learn is how – and when – to delegate. Learning this skill is a little like learning how to parent a teenager. Just as [...]
Set a clear strategy for your small business and empower your team to deliver on it. Business theorists are keen to look at the social habits of different animal species in an attempt to find lessons for how to run a company. Ants have been cited as good examples for business management. They cooperate easily [...]
This entry is part 4 of 4 in the series Photography startup guideFrom passion to paycheck – a photographer’s journey – part four One thing I have noticed about the Phopus startup process is the mindset shift from being an employee to being a founder of my own small business. It only hit me recently, [...]
This entry is part 2 of 4 in the series Photography startup guideYou might have a great word, phrase or symbol to distinguish your brand, but don’t forget to protect your small business with trademarks. Last time I wrote about my progression to building an online photography community through to development stage, today I will [...]
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