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The Business and Life You Want to Build
In the early days of my first consulting business, I knew I needed some sort of plan to give me the greatest chance at success. I took many a wrong step, yet in the end I managed to put a solid business together.
I had learned through bitter experience that forming a successful business is to be conscious about the kind of business, and the sort of life, I wanted to have. I spent long hours thinking and writing about what I believed, what I wanted from my life, why I wanted to start a business, and the things I did well.
Only after that initial work was I able to look at the How of creating a sustainable business.
The Conscious Business
Being conscious about creating your business and your life will set you apart from 99% of the other businesses in your industry. Setting your intent and clearly visualizing and defining your goal gives you the clarity and energy you need to take what you do best and focus it on success.
Many a business plan has been slapped together using one of the business planning tool software packages available today. The problem with such tools is that they start you off in midstream. Make the mistake of thinking that a quick business plan is all you need for success and you will be gnashing your teeth before you're through.
There is a lot you need to know before you begin a business plan. And all the software in the world will not substitute for the background you need to create solid business plans, investor presentations, and communication strategies.
Never Too Late to Start
For the small business it's never too late to reexamine your foundation. But it is far better to begin well. In the beginning you have a smaller team. Your minds are not contaminated by what you think you know, by the sorts of experiences you get in the first few years of a new business.
Don't get me wrong -- experience is a wonderful teacher, but experience without focus is worthless.
You have an opportunity to create a mindset and the right focus. Spend the time early on and you can manage most of the difficulties you'll encounter while they're still small. You'll mitigate the risk of launching a new business or product because you'll have spent time understanding the territory. Remember: Knowing the territory comes first. Maps come later.
Starting a business is risky. Take the time to assess your concept and develop a clear picture of your resources, your abilities, and what's needed to make your idea a reality before diving into the planning process.
It's in our culture, unfortunately, to not be conscious about the choices we make and to blame others for the circumstances of our lives.
Why not be different about the choices you make today? Make what happens in your business and your life a conscious decision.
Create the path that's right for you!
Michael Knowles, co-author of The Entrepreneur's Concept Assessment Toolbook (available at http://www.booklocker.com/books/1988.html or Amazon.com) helps businesses take what they do best and focus it on success. A Principal in One Straight Line LLC, Michael has over 25 years of experience helping companies create communication strategies help them engage customers, employees, investors, outsourcing partners, and the community.
Michael can be reached at firstname.lastname@example.org.
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Interview with Best-selling Entrepreneurial Authors Barbara Winters and Nick Williams
Ray Bradbury's quote, "You've got to jump off cliffs all the time and build your wings on the way down" may sound extreme but, as anyone building a business knows, it has a lot of truth in it.As a newly self-employed journalist / writer and life coach, I found Barbara Winter's book, "Making a Living Without a Job" invaluable so when I got a chance to interview her and Nick Williams in London, I was delighted.
Franchise Business and Franchise Businesses
Franchise business is being part of a successfully proven business that has a name or trademark that is well known and profitable. Franchise businesses are strategically tried and marketable with options to expand by offering products and services that appeal to the consumer.
What Qualities Do Franchisors Need?
When I got into business I wanted to build a company, which helped people and provide a product and service that people loved and were willing to pay for; one I would not have to sell or convince anyone of. Something that people truly wanted to extend and enhance their pursuit of happiness.
Last week I was working with one of my small business clients, a bright and dynamic woman who's passionate about positioning her artisan business for growth. We were talking about her financial picture and forecasting robust sales over the next three years.
Why Every Student Should Start a Business
With the economic downturn, students in all the major business schools have been dropping out of their entrepreneurship classes and transferring back to classes where they think they have a secure future. Students and professionals who were once planning to start businesses now have decided to go back to their cushy jobs.
How You Can Earn $1000 A Week Part Time
About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - "financial spread betting".
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.
Oil Change Guys History; Part IV
One trait of franchisors and something you will find in all their biographies both; official and unofficial is their competitiveness and refusal to give up. Now onto Part IV of our saga:Mr.
Competing With The Big Dogs
You run a small consultancy. You're well qualified, experienced and dedicated.
Part-Time/In-Home Business - Low Expense and Low Risk
As a first time entrepreneur, there are a variety of franchises, dealerships, distributorships, and licensing opportunities available for purchase. Many of these you can start by working part-time from your home.
How To Find Focus And Turn Your Talent Into A Thriving Professional Business
There are tons of books and articles available to help professionals start up their business, but few that give practical insights on how to nurture your business once it's out of its infancy. At some point, every self-employed professional reaches the same dilemma: how to build a strong brand and grow their business without taking on too many clients, undervaluing their expertise, or sacrificing their lifestyle.
Territory Limitations Policies for Franchised Companies
All franchised companies must have Territory Limitations to maintain the peace within their systems. Often the unspoken ethics of territory limitations are blurred with mobile, home based or online franchise companies.
Great Tips Of Choosing An Office
You have decided to strike it out on your own and set up a business consultancy. Chances are you want to look at getting your own office premises.
... in Pursuing the American Dream
This morning I woke up at 4:30 in the morning, as usual, poured myself a cup of coffee, as usual, and thought about what my son said to me yesterday evening. You see, he's 2 1/2 years old and talking quite well, for his age.
Cut to the Quick - What is an Entrepreneur? The Inside Story
Enjoying the title of entrepreneur is a hollow feeling.If you have ever been out of work and joined a multi level marketing outfit, or joined the ranks of "commission only" sales reps you are considered to be an entrepreneur.
Differentiation Strategies for Franchise Companies
With the growing number of franchise offerings recently it is difficult for the smallest franchise companies to compete. They generally do not have the advertising budgets to pick and choose which markets the franchise prospects will be calling from.
Fear of Failure
Of all the real or perceived impediments to success, the biggest is the fear of failure. Certainly, there are often many other obstacles to overcome, but it is this one phantom that prevents most people from even attempting to create the success they imagine that they want.
Franchisor Sample Grand Opening Launch for New Franchised Outlets
It is paramount that all franchising companies work hard in the critical launching of all franchises in their new territories. In this present period most franchisees come into the franchise systems with much personal debt and barely squeak by on their initial capital needed.
Create Your Entrepreneur Dream Team
I hear it all the time. "What should I do about .
Identify the Growth Factors
In "The Incredible Hulk", mild-mannered scientist Bruce Banner discovered that when he was exposed to "gamma rays" he was transformed into a massive beast that could ferociously muscle his way to victory in any situation. Other than being disfigured, green, and in nothing but his boxer shorts, the Hulk discovered that a single growth factor could drastically change his ability to handle his problems.
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