| |
| |
|
Entrepreneurialism Information |
|
|
|
How To Grow Your Micro-Business
If you want to grow your micro-business (defined as a business with fewer than five employees), you might consider some of the findings of a survey by Statistics Canada. 1. The Findings According to "Growth Determinants of Micro-Businesses in Canada" (Evangelia Papadaki and Bassima Chami, Small Business Policy Branch, Industry Canada), the survey by Statistics Canada revealed the following: Micro-businesses get much of their advice from family, friends, customers and suppliers. Accountants are more commonly consulted for business advice than lawyers and bankers. Completion of high school was cited as a factor for growth in the micro-business. Perhaps surprisingly, college or university education was discounted as a factor for success. Age or sex of business owners did not affect business growth. Nor was being an immigrant a significant factor. For growth, being willing to delegate, assume risk, and share ownership all seemed to be factors for success. Expansion of the local market was more important for growth than the export market for the micro-business. Growth micro-businesses innovate and engage in e-commerce activities. 2. The Opportunities This is encouraging news for entrepreneurs. You don't necessarily need a lot of money for professional advisors to grow your micro-business. Higher education is not a prerequisite for success. Age, sex or country of origin are not relevant factors for growing your micro-business. If growth of your micro-business is your goal, you can't do everything yourself. You must be willing to delegate (or perhaps even share ownership of your business with others). Innovation, a willingness to take risks, and use of the Internet are also important to your growth. Are you willing to delegate, take risks, and partner with others? Are you innovative? Do you employ e-commerce in your business? Are you using the Internet to expand your local business? RESOURCE BOX: J. Stephen Pope, President of Pope Consulting Inc., has been helping clients to earn maximum business profits for over twenty-five years. For valuable Work at Home Small Business Ideas, visit: http://www.yenommarketinginc.com/
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Entrepreneurship Story; Over Regulation in Franchising Final Chapter Sally and Jim have launched their automotive franchise business and are now selling franchises; problems arise as lawyers and over regulation threaten to ruin their life's work, see how it ends; tragedy or success. A realistic story of modern day franchising. Making the Financial Transition Making the financial transition from paid employment to earning a living on your own is probably the single biggest challenge facing many would be entrepreneurs. For most, the mere thought of financial insecurity holds them back from even trying. Two Types of Business Plan Executive Summaries Companies seeking capital often ask how long the Executive Summary of their business plan should be. The answer depends upon the use of the summary, mainly determining if 1) it precedes the full business plan, or 2) it will be used as a stand-alone document. Be Where the Pucks Going To Be The "Great One" said it bestHockey legend Wayne Gretzky, when asked how he was always on the puck before anyone else, pointed out that he was by no means the fastest skater on the ice. Instead he explained that he always just focused on skating toward where the puck was going to be. Do You Have What It Takes? I think it's fair to say that not everyone is cut out to be a successful business owner, now some of you maybe disputing this statement but hear me out.I'm not saying that if you put a person in the perfect business environment that they won't succeed but how often does the perfect business environment appear?Based on my own study and observations, as well as, the common themes that come through articles on my Minds Alike Blog Site (www. 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. Competitive Edge In his book, The Road Ahead, Bill Gates of Microsoft writes of "friction-free capitalism" made possible by developments in communications, chief among them the Internet and its World Wide Web. In this context, "friction" is everything that keeps markets from functioning as the "perfect competition" of economics textbooks. Near-death Experience is the Mother of Invention for Two Dallas Electricians To morning commuters, the hulking truck encircled with barricades and traffic cones may be nothing more than a road-clogging nuisance.For Kerem Tepecik and Dale Vith, two men who've made a good living by changing light bulbs forty feet above the pavement, the so-called "bucket truck" is more ominous. 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. Judging Entrepreneurial Ideas Most entrepreneurs constantly come up with new ideas. Whether they are working on another project, driving, or lying in bed, their minds are constantly churning out new products, services and ways of doing things. Can You Make Money Without Money? When I ask why you don't start your own business, I always hear, "I don't have money to start a business."This is a common excuse people give for not starting their own business. Starting Your Business By The Book I've gotten several questions recently about the legalities of starting a business. So, this week I thought I would address a few of the more common legal issues most new businesses face. How To Start a New Business While it is tempting to just leap into a new business because of it's exciting possibilities, a few key planning points will vastly increase your chances of success. These steps aren't difficult, but they're easy to skip. The 7 Major Reasons Businesses Fail and How to Overcome Them This year, over 800,000 of the approximately 2,000,000 start up businesses will fail!Nearly 1,000,000 of those remaining will fail within 3 years. Why do so many businesses fail? Many studies show that approximately 98% of all failures occur because of the owners. The Danger Of Hate As you have shown an interest in starting a business of your own it would be safe to assume that you want to change your life. You want more money - more control over your life - more respect. Chairman Greenspan and the FED, learn more you will be glad you did So many people work their whole life to make money, but they know so little about out monetary system. They know so little about the Federal Reserve Bank and so very little about the brilliant minds, which make it all work. Hurricane Katrina, Death, and a Different Type of Entrepreneurship I've seen terrible images today on the television and internet-bodies of the elderly and infants floating in attics, buildings collapsing, seals washing up in the middle of highways. All I can say is that our thoughts go out to those in New Orleans, Gulfport and surrounding areas in this sad time. Secrets of My Favorite Government Auction I love bargains. And there's no better place to find bargains than an auction. Increasing Business BIGTIME with a Successful Referral System What I've discovered from most of my small business clients is that most would prefer to build their business through referrals rather than through direct mail, advertising in newspapers, radio, TV. However, most leave the referrals to a somewhat chaotic, unplanned approach. Empathy - Not Business Plans - Key to Your Home Based Business Success - Do You Have Empathy? EMPATHY is a Natural Talent, you were born with it and you will never loose it. It can be a blessing or a curse in a home based business.
|
| Article List | Index | Site Map |
|
All logos, trademarks and articles on this site are property and copyright of their respective owner(s).
The comments are property of their posters, all the rest is Copyright © 2006 CanadaSEEK.com - All Rights Reserved. |
