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Once you’ve established yourself as an entrepreneur, having a successful business is not just about merely being profitable. Making money is critical in the early days of setting up your business. But once you cross that line, it’s about creating a sustainable business with staying power and visibility. Having a …
While it’s easy to plan and map out your business idea in your head, running a successful business is a whole different matter altogether. It’s definitely not easy for a new entrepreneur in the beginning because of the huge learning curve, but this by no means makes your dream unachievable. …
The most frightening thing that can happen to a business owner is a cash crunch. Not having enough money to keep running can be a very stressful and hugely debilitating experience. However, there is some good news in that financial storms don’t have to last forever. Some careful planning and …
What Every Business Owner Should Know About Weathering Financial StormsRead More »
When you’ve spent a great deal of time and effort behind building your brand, your product portfolio and having some semblance of a client base, it may seem counter-intuitive to tear apart to rebuild. But there are some occasions when emotions of attachment have to take a back seat to …
When Is a Good Time to Revamp Your Business Model?Read More »
Everybody fears something; snakes, heights, germs, closed spaces, being alone, or even money. It can be a bit surprising, but over half the population actually has a fear of money, though many will not admit it. Unfortunately, financial fear can be more self-destructive than any other type of fear. …
As a business owner, you’re probably relieved that your start-up has gotten over the most challenging phase of a business and is now on its way up. However, you should know that even though the company is one the right path, you’re not out of the woods just yet. You’ll …
The reason for the existence of most businesses is to offer a solution to a customer problem. Starting and running a business involves solving problems as well. Becoming good at problem-solving is a learnable trait and having a methodical system for it will help you to make good decisions. 1. …
How to Approach Your Business Plan Usually, business plans base ideas for future growth on the past, such as where you were last year. But this approach can limit you. Therefore, I recommend creating your business plan based on where you intend to be, which can open up more possibilities …
The WholeLife Matrix is a chart that illustrates the four main areas that affect our lives and businesses. These areas include financial viability, relationships, health/ well-being, and personal awareness. In the chart, these main areas are displayed, and subsections of each area are also shown. For example, a subsection of …
Making $1MM Using the WholeLife Matrix in Your BusinessRead More »
The SWOT analysis is a simple but powerful technique for evaluating the strengths, weaknesses, market opportunities, and threats related to your business. Through this analysis, you can discover important issues affecting your business and develop your goals and marketing strategy. To begin the SWOT analysis, list the internal strengths and …
