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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 [...]
Setting up your own small business takes guts and half fail within the first 5-years. That’s because as many start-ups fail as succeed: around half of all new firms go out of business within their first five years according to Bureau of Labor Statistics compiled between 1994 and 2010 show. Having a good idea, lots [...]
Every small business needs to have a steady stream of new ideas to stay ahead of the pack. You need new ideas to push your small business forward, but where do these ideas come from? New ideas can come from TV, a conversation in the lunch room, a magazine article, or chatting with the person who serves you your morning [...]
New customers are the lifeblood of every small business, so how can you get more? Small firms have to do everything they can to keep their current customers happy, while also attracting new clients along the way. Existing customers keep your business stable, but new customers help grow your business. Getting new customers, however, can [...]
Learn what it takes to become a successful salesperson. If you’re starting your own business then you’ll need a sales strategy. Quickly. At the end of the day, it doesn’t matter how good your new product is if you can’t sell it. Don’t count on your investors to run out and hire a sales team [...]
Turn being laid off into an opportunity to be your own boss. Getting laid off doesn’t be the end of your world. In fact, it could be the best thing that’s happened to you in a long time. Losing your job can be a life-changing experience. This scenario is what inspired our web series Leap [...]
This entry is part 27 of 27 in the series MyStartUpStoryTV Plus lets people fully integrate their TV watching experience with the now ubiquitous second screens of smartphones, iPads and other devices in real time. Co-Founder Randy Shiozaki talks about the highs and lows of being an entrepreneur and how competition helps TVplus raise awareness [...]
Small business ideas are only part of the equation. Genius requires execution. What is a genius? The 17th Century English poet John Dryden wrote: “Genius is above correctness.” A genius possesses the ability to ignore conventional wisdom about what’s possible, to throw off the straitjacket of the status quo and to… dream. By realizing their [...]
This entry is part 26 of 27 in the series MyStartUpStoryStamped recently received some high profile backing from Justin Bieber and Ellen DeGeneres and is growing fast. Hear the co-founder of Stamped, Bart Stein, talk about his experience starting up. His best advice for aspiring entrepreneurs, “Start a company because you have something you really [...]
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