| |
| |
|
Entrepreneurialism Information |
|
|
|
Work On, Not In Your Business
Are you busy? Everyone's busy! Ask anyone they'll tell you how busy they are. But how many people are accomplishing real results? In your small business, it's easy to get buried in the myriad activities that demand your attention each day. Consequently, a valuable rule of thumb to follow: Work only on income-producing tasks from 9-5. To accomplish this objective, it's important for entrepreneurs to recognize the difference between activity and action. Merriam-Webster's dictionary defines activity as: 1. The quality or state of being active. 2. Energetic movement. 3. Natural or normal function. 4. A pursuit in which a person is active. 5. A state of motion. Working in your business is that state of constant activity where you feel as if you're spinning your wheels, but not making any progress toward your objective. You can easily get hypnotized with shuffling and sorting papers, surfing the Net, replying to each e-mail as it pops up in your Outlook and other non-income generating tasks. On the other hand, the word action is defined as: 1. The bringing about of an alteration. 2. A manner or method of performing an act of will. 3. Behavior producing a result or outcome. Working on your business is that state of action that produces results. So, what are your goals for your business in the next 30 or 90 days? Take the steps to accomplish your goals now! Network. Speak at events. Write articles. Make telephone calls. And, follow up! If you are inclined toward busy activity, hire a virtual assistant for the mundane tasks, a professional organizer for organizing your files and office, a book-keeper for your receipts, bills and taxes. Don't forget, a business coach will help you implement efficient systems and processes to streamline your business. Whatever you do, get busy on generating action. © Lena Claxton 2005 Lena Claxton, M.Ed., is a business coach and marketing consultant who works with solo entrepreneurs to help them reach their highest potential. Download her free e-book "Small Business Boosts" at http://www.ontrakmarketing.com
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Angel Investors: 7 Online Business Plan Scams and 1 Real Deal We've all seen the hype: "We'll put your plan in front of thousands of investors!" "We'll write you an award-winning online business plan!" "Only $3,000 for thousands of investors to learn about your company!"I cringe every time I see one of these ads. Vultures are preying on honest business people who want to fund their businesses. Business Ideas Richard Branson, billionaire founder of Virgin Records and Virgin Atlantic Airlines, may be better known for his efforts to circle the globe in a hot-air balloon than for his business successes. He suggests that "Being an adventurer and an entrepreneur are similar? You're willing to go where most people won't dare. Venture Capital Negotiating Issues When companies enter into negotiations with venture capital firms, there are several issues which need to be defined and agreed upon. This article describes the key issues. Starting Your Business: It All Boils Down To Making Money and Saving Money Bootstrapping in the context of business start-ups refers to the use of creative financing approaches such as leveraging personal savings, credit-card debt, loans from friends and family, bartering, and other means to launch a business. Some business founders use bootstrapping because they have no other choice. Ten Traits of Successful Entrepreneurs Successful entrepreneurs have many traits in common. Here are ten of those traits that I consider to be very important. Determine Your Niche & Be Successful What's a niche?Dictionary.com provides a great, twofold definition:"A situation or activity specially suited to a person's interests, abilities, or nature. Fear of Failure Of all the real or perceived impediments to success, the biggest is the fear of failure. Certainly, there are often many other obstacles to overcome, but it is this one phantom that prevents most people from even attempting to create the success they imagine that they want. Reducing the Stress of Being an Entrepreneur Starting and running your own business can be exciting and rewarding, but it can also be very stressful. For most of our almost 40 year marriage my husband has been an entrepreneur and I have sometimes worked with him. Key to Starting Your Own Clothing Company Starting your own private label clothing company is not as difficult as you may think. I assure you that the founding members of Volcom, Paul Frank, Hurley and Von Dutch, are not mad geniuses of fashion. The Deal is in the Details What Startups Need to Get a Business Loan, Part 2In part 1 of this article, entitled "Three C's", we looked at the overview of startup business loan requirements from the lender's perspective. We read how cash, good credit and sufficient collateral form a joint partnership to enable a loan request to bond together into a doable deal. 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. Entrepreneurs Ask: As a Novice Entrepreneur, How Can I Feel Less Overwhelmed? Great question! Overwhelm is very common even among the most veteran entrepreneurs, so take solace in the fact that you are not alone. With the ever-increasing numbers of new entrepreneurial endeavors, and therefore new entrepreneurs, there are many who are experiencing the very same feelings as you. How to Start a Franchise Franchising InformationFranchise oppotunities are all around us today. You may pop into Starbucks for coffee and then head for lunch at MacDonalds before returning home and ordering your dinner from another local franchise, Pizza Hut. Is Running a Business for You? Not everyone is cut out to run a business. Not everyone is cut out to be an entrepreneur. Business Development: The Basic Ingredients Cooking isn't much different than building a business. You have the basic ingredients all laid out on the counter and if you put them together in the right way - you have a nice meal to nourish your heart, body, and soul - and the pocket too. Identify the Growth Factors In "The Incredible Hulk", mild-mannered scientist Bruce Banner discovered that when he was exposed to "gamma rays" he was transformed into a massive beast that could ferociously muscle his way to victory in any situation. Other than being disfigured, green, and in nothing but his boxer shorts, the Hulk discovered that a single growth factor could drastically change his ability to handle his problems. When Your Business Feels Like an Arranged Marriage Q. I was laid off six months ago. 100% of Nothing What would it be worth to you to receive a steady stream of new customers with little or no effort on your part? Would you be willing to pay 10% of the revenue they generate? 20%? 50%? Or do you believe that you can't afford to pay anything?During a recent discussion, I was surprised that people said they could not afford to 'give up' 20% in commissions to reach new customers. If you have more work than you can handle, that makes sense. Bonsai Marketing Site location analysis of regional service areas and planning for mobile businesses is just as important as choosing a fixed site for any business. The region must be scouted out whether you are simply adding another service unit or deciding to open an entire new marketing area. Do You Have What it Takes to be a Successful Entrepreneur? Print off this page, take the quiz and find out if you've got what it takes! See the scale at the bottom to mark yourself.Answer the following questions on a Scale of 1 - 51 - definately not 2 - not likely 3 - sometimes 4 - probably 5 - definitely--------------------------------------------------------------------------------1) Do you have many hobbies (besides TV viewing and playing video games)? ____2) Do you take a leadership role in group settings? _____3) Can you discipline yourself to finish a project, even if it means late nights and low recognitionfrom your peers? ____4) Do you often think of new and innovative ways to do things? _____5) Do you enjoy meeting new people? ____6) Have you had success in the past in planning a project, and carrying it through to it's completion? _____7) Would you consider yourself a positive person? ____8) Even when things go wrong do you try to "learn a lesson" from the experience? ____9) Do you enjoy working alone? ____10) Do you manage your time well? ____11) Do you like to set goals and achieve them? ____12) Do you like to take calculated risks to achieve an objective? ____--------------------------------------------------------------------------------ScoringIf most of your scores are 5's you have a very strong "entrepreneurial streak" and should strive for your goals.
|
| 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. |
