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Entrepreneurialism Information
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Designing a Comprehensive Franchise Company Computer System One of the most important management tools a franchised company needs is a great computer system. The system must integrate with all the franchised outlets and also be able to interface with the Corporate HQ computer system. Franchises-Exit Strategy At an International Franchising Symposium in London, Peter Holt made the bold statement to his audience of Franchisors that they needed to understand that their business would fail, and in fact all businesses are bound for failure. Needless to say, there were a few shocked faces in the crowd. The Use of Common Stock in Venture Capital Transactions When raising capital for a business venture, a company can either raise debt capital, equity capital or a combination of the two. Debt capital is money loaned to the company at an agreed interest rate for a fixed time period. Enterprising Route is to Go Your Own Way DON'T talk to me about education for entrepreneurs. They're pouring far too much public money into it already - not counting the millions some well-known Scottish entrepreneurs are prepared to waste on it. The Reluctant Entrepreneur It seems odd to think of a person opening a shop, knowing that they're not at all interested in selling or in face-to-face interaction with customers. But that's exactly what many Internet business owners have done. Be An Entrepreneurial Artist: Paint A Picture, then Commit It to Canvas James had an original concept and he needed an investor. He had a compelling business idea that was a sure winner with the right financial backing. Are You Sure You Want To Start Your Own Business? Part Two of a Series Why, exactly, do you want to go into business for yourself? Is it because you cannot stand the thought of working for an uptight, demanding, and perfectly dreadful boss?Is it because you cannot bear the thought of going through another downsizing or restructuring, knowing that your job could be on the line?Is it because you want to be your own boss, call your own shots, or see more up side in your earning potential, with the possibility of financial self-sufficiency? These are all good reasons for wanting to go into business. In fact, studies have shown that many entrepreneurs get their start due to some life-altering experience such as losing a job or finally walking away from a dead-end job or a demoralizing work environment. Business Start Up Tips From Some Hearty Entrepreneurs When's the last time someone asked you: "What's new?"If you're starting or growing a business, an e-business, or a web site, the answer is: "Everything!" - especially on the inside.Face it, launching a new enterprise - or taking it to the next level - can sometimes feel scary and overwhelming. Oil Change Guys History; Part III Studying the history of franchise companies is interesting is watching all the ways they grew and all the partnerships, vendors and mergers along the way. It is a myriad of deals and team building, which makes it all possible. What is Entrepreneurship? In discussing entrepreneurship and writing articles on the subject, I have found that it aids understanding when we begin by agreeing on exactly what the word means to us.Entrepreneurship is the process of creating or seizing an opportunity, and pursuing it regardless of the resources currently controlled. How to Be an Entrepreneur and Keep Your Sanity Define for yourself what an Entrepreneur is:What makes you think you can start and grow a business?Do you make something that people just have to have?Are you talented in a way that make you stand out from the crowd?What makes you different from Joe Schmoe?Conduct a quick skills assessment and ask yourself what makes you stand out from the rest?What are your ultimate goals? Why are you striking out on your own?· Burning Desire· Financial Empowerment· A new beginningWhat's the Big Idea: Contrast your strengths and weaknesses. Identify your hobbies, skills or your any innovative products you've created, then:· List it· Test it· Work it· Sell itTick-Tock-Tick-Tock. Raising Capital for Your Business - How Long Does it Take? Most companies vastly underestimate the time commitment necessary to successfully complete a financing. In actuality, a company seeking financing needs to budget between 500 to 1000 work-hours to the capital-raising process, spread out over a 6-9 month time period. Veteran Entrepreneurs Are Growing In Ranks When I'm not running my own business, writing articles about business, speaking to groups and organizations about business, or consulting with companies who want my advice about the running of their business, I teach a weekly class on the subject of (care to guess?) starting and running a business.To quote my frequently-mentioned and wise-beyond-her-years teenage daughter, Chelsea, "Dad, you really need to get a life. About Ending Competition 1. 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This article describes the key issues. Work On, Not In Your Business Are you busy? Everyone's busy! Ask anyone they'll tell you how busy they are. But how many people are accomplishing real results?In your small business, it's easy to get buried in the myriad activities that demand your attention each day. The Heroic Entrepreneur: Profiting from Your Brilliance If you look up the definition of hero in Webster's, you'll find a definition something like, 'A person noted for feats of courage or nobility of purpose, especially one who has risked or sacrificed his or her life: soldiers and nurses who were heroes in an unpopular war'. Some heroes in our lives have earned that badge of honor by doing something everyone feels is heroic as defined in the traditional sense, whether it's running into a burning building to rescue a child, pulling an injured woman from a car accident, or fighting the enemy in the time of war. A Dorm Room With A View As a senior in high school, he paid cash for a BMW with money made by selling newspapers. In 1983, as a college freshman, he sold custom-made PCs and parts out of his dorm room?hiding them behind his roommate's shower curtain whenever Mom and Dad visited.
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