5 Ways To Stay Committed To Your Business or Vision
The purpose of this article is to inspire or to encourage small business leaders to stay committed to their business or vision. Starting and maintaining a business is hard, I give you five tips on how to stay focused.8 Business Pricing Strategies to Think About
We hear from so many business people about the struggles they have setting their business pricing, particularly in service-based industries. Where are you in all of this? Here are some tips that may help you to work through the challenges of setting your business pricing, assuming you have a service-based business.Frenemies: Cooperating With Competitors
A 2004 study of 293 US business leaders found that those who formed friendships with rival CEOs enjoyed distinct business advantages as compared to those who shunned such relationships. Attending industry conferences and conversing with competitors to “talk shop” and compare notes, to discuss industry trends, customer behavior and other matters, without divulging sensitive information. Exposure to other perspectives can help organization leaders to approach business challenges and opportunities in new ways that yield better outcomes. In some instances, a relationship between rivals can lead to a mutually beneficial business collaboration.Do I Really Need a Budget Plan for My Business?
Many entrepreneurs wait until it is too late to appreciate the benefits of having a budget. Although budgets are important to be prepared throughout the entire life of your business, it is ESSENTIAL BEFORE starting your business. Why?The Topics of Legal, Insurance and Human Resources
All businesses need to have the ability to receive consultative support in the areas of legal, insurance and human resources. As these areas are sometimes overlooked by the new entrepreneur – you as a savvy, intelligent entrepreneur know this should really be at the top of your list of concern! Why? The possible difficulties that can impact your business and the realities of ignoring the importance of each of these areas cannot be taken too lightly.