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Showing posts from September, 2021

Fund Your Business

The number one reason why most businesses fail is that they're underfunded. That's a fact. And while, at one time, you could just about go to a bank with a good idea and a great name and get a small business loan, it's a lot harder in today's economy to get solid funding for your business. There are lots of ways to minimize your expenditures when you're launching and growing your business, but let's face facts: you need some money to make money. As I've preached to you week after week, you need funding to pay the experts you should be consulting, the designers and developers for your logos and web sites, marketing efforts, and more. Since I rarely recommend business loans to my clients (partly because they're hard to get and partly because my clients rarely actually need them), let's get into some nitty gritty about alternative ways to fund your business startup or growth. 1. Get your personal finances in order. Before you start looking anywhere el

Fine-Tuning

There are three key business processes involved in operating an entrepreneurial enterprise-management, strategy and operations. Ideally, all three business processes are tightly integrated. The management process provides a framework for hiring, training, and managing employees. The process not only helps employees become more effective in their positions, but it also helps to improve employee retention levels. The strategy process establishes both short-term and long-term goals. It clearly defines where you want to take your business in terms of earnings, sales, and revenues, and it also clearly defines how you plan to get there. The strategy process becomes your road map. And finally, the operation process provides the tools and the resources for achieving your goals. A business enterprise should be thought of as an entity--one that is operating as a whole. Although individual projects and processes appear to be working independently, they are interrelated and are focusing on the co