I started my dream business in 2009 and all of a sudden…
Tens of thousands of dollars was just gone. I only had $700 left. My family was at risk, I owed $1200 for rent in two weeks. I was angry at my foolishness and my arrogance, “why did I think I could be an entrepreneur?” keep reading »
You have made a big decision. You are going to start your own business!
There is a lot of attention given to the start-up phase of becoming an entrepreneur but I would like to provide you with lessons I learned after my business was successful and I wanted to sell my business. By applying these lessons now, while you are in the start-up phase, I hope you can benefit from my experience and save yourself a great deal of time and future frustration.
If I was to do it all over again this is how I would do it! keep reading »
Fear is often referenced as the reason that a person did not take an entrepreneurial leap. With 80% of small businesses failing in the first 5 years and 96% of small businesses failing in the first 10 years I understand why people are hesitant to make the entrepreneurial leap. Michael Gerber author of the E-Myth – Revisited calls deciding to start your own business an “entrepreneurial seizure.”
Fear of failure is a powerful emotion that at times can be a positive reaction because it saves us from doing something foolish that will hurt us in the end. All to often though fear of failure is used as an excuse to not take action and this kind of fear robs us of our potential. keep reading »
So many small business owners that I speak to are all dealing with the same type of issues. When the business is new they are often overwhelmed by the challenges of growing their business while having to do all of the actual work which includes everything from operations to bookkeeping to sales and marketing.
After years of hard work they often face issues of being unable to grow past a certain point or they face personal issues like a family member getting sick and they are torn between taking care of their personal affairs and taking care of their business. So how can you build a business that doesn’t require you to work in it every day?