Cash is the lifeblood of any business, and it must be managed strategically: Let’s talk about cash management. Whether you’re starting or running a business, you need to practice it because a primary cause for businesses failing is lack of money. But if they had better cash management practices they likely would have had a … Continue reading This Is the Secret to Surviving and Thriving When You Start a Business
A failed attempt beats a non-attempt. Imperfection trumps inaction. Starting is always better than never trying at all. Starting a business is about taking the first step. If you have an idea for a business, learn or do something today that helps to make it a reality. Even if you don’t believe it will work, … Continue reading The Key to Starting a Business: Take the First Step
The best time to start a business is always right now. “Timing is everything!” we often hear people say. And the implication is that if you don’t time it just right, you will fail. But more often than not, timing is less important than we think it is. When I started my second company, it … Continue reading When is the best time to start a business?
Some people are just blessed with knowing exactly what type of business they should start. But I wasn't. Maybe you have no idea what you're doing and haven't the faintest idea where to start. That's where I was when I started my first business. What I did was this. I tried things. I had just … Continue reading What business should you start?
To start a successful business, you don't need to be the smartest person in the room. You just need to be willing to put your ideas to the test. Starting a business isn't about getting good grades, pleasing a teacher, being perfect. Nah, it's about being willing to put yourself out there and try things … Continue reading This is the smartest way to think when starting a business
If you’re starting a business, you need to consider getting an Employer Identification Number or EIN. First, a disclaimer: I’m not a tax lawyer or accountant. Make sure to consult a tax professional. I’m just a business owner trying to help you start your business. Ok, let’s move on. In the US, a Tax Identification … Continue reading This is the number that every business needs
Most people starting a business have no idea what they are doing. You might be thinking, “I can’t start a business: I not an expert.” But when it comes to starting businesses, no one is. One of the most revered entrepreneurs is Steve Jobs. He’s amazing. He’s a genius. But when Jobs started, he was … Continue reading You need to know this to start a business
One of the hardest things in starting a business is hearing “No.” But anyone can do that—anyone. You’ve heard “No” all of your life. Your parents, friends, neighbors, teachers have all denied you. So you know how it feels. The only thing holding you back is the fear of rejection. You’re avoiding that feeling. I … Continue reading This is how you realize your dreams
Money, power, talent, smarts don’t start businesses. People do. Most of them are normal. But they all did one thing first. They made a decision. They decided to start a business or at least try to. In their minds and hearts, something happened. They said to themselves they were going to take the first step … Continue reading You can start a business by doing this
In small business, fear never entirely goes away. Even after you succeed, it's still there. You can't eliminate it; the only thing you can do is manage it. Losing money, losing customers, getting too many customers, managing people, managing people poorly, taxes, growth, hiring, firing, failure, and the list can go on for the things … Continue reading This is how you succeed in the face of fear