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How To Start a Small Business: Begin with Purpose and Vision

Mountaintop Two People“Action without vision is only passing time, vision without action is merely day
dreaming, but vision with action can change the world.”

This is a famous quote from Nelson Mandela that really emphasizes how important it is for your business to have a clear vision that you can act upon. It also emphasizes how, if you do things the correct way, you can use your small business as a way to change the world. And hopefully this allows you to create wealth for you and your family along the way. (more…)

Becoming a Successful Small Business Owner in Asia

Small business administrationIf you fоllоw thе business news оr rеаd аrtiсlеѕ уоu would knоw that Aѕiа аnd especially Chinа iѕ еxресtеd tо bесоmе world’s lаrgеѕt есоnоmу bу 2020. India is following ѕuit and is еxресtеd to rank fоurth оn thе glоbаl economic scale by 2025. These can be attractive markets for your small business growth.

Aѕiа through its vast орроrtunitiеѕ and mаjоr wоrld population iѕ соnѕidеrеd tо bе thе key ѕtrаtеgiс growth market in vаriоuѕ fiеldѕ. It аlѕо hаѕ tо do mоrе tо thе flexibility оf the rеgiоn tоwаrdѕ growth аѕ thеу continuously move forward tоwаrdѕ dеvеlорmеnt аnd gаining influеnсе оvеr glоbаl markets. (more…)

Small Business Lessons from “The Profit”

marcus-lemonisTV can provide great entertainment. However, not everything we see on our television sets is broadcasted for entertainment purposes.

There are certain TV shows that are made to be informative and create awareness among people. You can see various shows promoting health activities or information oriented shows. One such show is “The Profit” that is telecasted on CNBC. The show is presented by Marcus Lemonis and it teaches the budding and entrepreneurs to upscale their business and widen the scope of profit.

Let’s have a look at the small business lessons that you can learn from watching this show: (more…)

5 Tips to Jumpstart Small Businesses This Year

sparkSince it’s the start of a new year, following old ways of carrying business activities won’t make a difference if you do not try something new. Small businesses may find it hard to survive because of the other giants in the market.

In order to cope with the established businesses, entrepreneurs carrying out business on a small scale would want some tips that can really help them jumpstart their business. In this article, we have incorporated 5 simple tips to give your business a new boost in 2017 and increase revenues and profits: (more…)

Five Sources of Financing for Your Small Business

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Let’s face it – not every business owner today is proud of being financially stable. There are a lot of startups and small businesses whose expenses turn out to be far greater in their starting years, which calls for immediate action. That action, in this case, relates to obtaining finance from a particular source.

Now, small businesses usually refer to banks and similar institutions as their go-to financing source. As surprising as it may sound, there are a lot more sources to fund your business out there – and we are listing the best ones below. (more…)

Key Mistakes that can Lead to Small Business Failure

Small Business HelpResearch shows that only 65% of emerging businesses make it to their 10-year mark while some of remaining ones even fail to survive for 5 years. The success and failure of any business depend on a great deal on its scale, size and the type. Small businesses usually find it hard to stand tall and often fall apart due to several common mistakes.

Growing too fast:

Business is a process that takes the time to generate the desired revenues. You cannot expect profits the very first month after you have started it. Patience is the key to successful small business. If you are eyeing immediate or fast growth of your small business or startup, you are doing it wrong. There are different phases of business in which you need to keep steady and patient. (more…)

Small Business Ideas From the US Election

trump-clintonAs divisive as it may have been, the latest United States presidential election in the United States taught us a lot.

Not only do we know who the next president will be, but we now also have some great small business ideas and insights to glean from the campaigns. Regardless of your political affiliation, or whether or not you even liked either major candidate, there are plenty of takeaways from this memorable event.

Here are just a few lessons relevant to small business owners and entrepreneurs: (more…)

The Uber Case Study in Small Business Risk

Small Business RiskUber’s rise to prominence may be one of the most sensational small business success stories in recent years. The company virtually came out of nowhere, disrupted a well-established industry, and racked up a $40 billion valuation in late 2014.

Despite Uber’s success – and the fact that many people will undoubtedly be using Uber’s car sharing service as the holiday festivities conclude with New Year’s Eve – the company has faced a number of challenges in recent weeks. Cities across the world, including New Delhi, San Francisco, Los Angeles, and Portland, have either sued the company or have forced the company to suspend operations for various reasons. Most recently, South Korea indicted Uber’s CEO for allegedly violating a public-transport law. (more…)

More Songs to Inspire Entrepreneurs and Small Business Owners

Small Business GrowthA few weeks ago, we posted our top 10 list of the best songs to inspire entrepreneurs and small business owners. At the time, these were the best ones we could think of from a variety of genres and times – all which we thought would be best to inspire small business growth and motivation.

However, now that some time has passed since that first list, we realized we left quite a few off the list. Below are a few more songs that will undoubtedly inspire your entrepreneurial and small business endeavors: (more…)

Small Business Lessons From The Hunger Games

Small Business LessonsStarting and managing a successful small business can feel a lot like the Hunger Games movies and books. It seems that, like in the movie, the odds are ever in your favor – in other words, not in your favor since most small businesses fail within the first two years of operation.

Having just seen the most recent Mockingjay movie installment of the franchise, it occurred to me that there are plenty of small business lessons to be learned from the movie. Everything from the gruesome battles to the ridiculously stacked odds closely parallel the life of a small business owner, and there are plenty of lessons to be drawn from those parallels.

Below are just a few of the key lessons from the movie and storyline that can be applied to help us achieve small business success: (more…)

Profitable Small Business Ideas that Most Entrepreneurs Overlook

Small Business IdeasOwning a small business often times means that you need to be an expert in a number of areas. In addition to being the visionary entrepreneur, you also need to know how to market, sell, manage finances, hire and manage employees, and continue to execute the small business ideas necessary for your business success.

Unfortunately, most entrepreneurs overlook a number of areas that are bound to have the biggest impact on your small business growth. Here are five small business ideas that can have an immediate impact on your business: (more…)

Top 10 Songs to Inspire Small Business Owners and Entrepreneurs

Top10Starting and running a small business can be a tough challenge. Most of the time, we have the will and internal drive to handle the strategic and day-to-day challenges, but there are times when we could all use a good motivational boost.

Here are our top 10 classic songs to inspire entrepreneurs and small business owners: (more…)