It starts with a good idea. Tired of venting about not having enough money, friends decide: 'Let's start a business!' Then the trouble starts. The dynamics of the relationship change, and the complaints emerge. 'She's too bossy!' or 'He's not working hard enough. The blame and fingerpointing starts, and the friendship and the business deteriorate. Despite these horror … [Read more...] about Can Friends Make Good Business Partners? 7 Ways to Make it Work
business start ups
How to Use the 80/20 Rule to Work Less but Accomplish More
Many people think that being successful is about working harder. Actually that's not true. The secret is to work smarter. Think about it this way. If you look at your sales, the majority of your sales probably come from a few clients (or a few sales staff). On the other hand, there are also a few people or clients that cause the majority of your problems! This is the … [Read more...] about How to Use the 80/20 Rule to Work Less but Accomplish More
3 Types of Business Structures
You've found a great business idea and, after studying the market and your competition, you've developed what you know will be a popular and profitable product or service. The next and very important step is to create your 'legal personality.' This is your business structure and how you will register it at the proper government agency—the company equivalent of a 'birth … [Read more...] about 3 Types of Business Structures
7 Tips for Making Press Releases that Get Published
Most small businesses have very small advertising budgets. But how can people buy your product or service if they don't know these exist? One solution is public relations, or PR. By sending stories to newspapers and magazines you can reach a wide group of people—sometimes millions—at a fraction of the cost of placing an ad. The good news is that editors are actually eager … [Read more...] about 7 Tips for Making Press Releases that Get Published
5 Questions to Ask Before Starting a Business
] You have an amazing business idea, and have the capital to get it up and running. But here's the deal: a good idea is not automatically a profitable idea. Most entrepreneurs learn that the hard way, wasting thousands of dollars and hours on something that looked far better on paper. What went wrong? They didn't think out the details: how much work it required, and how … [Read more...] about 5 Questions to Ask Before Starting a Business