08 Feb

The Problem With Small Business

There are 8.1 Million Small Businesses in America today.  They employ over half of all private-sector workers and almost 40% of those in High Tech jobs (approximately 130 million workers).  They provide between 60% and 80% of all net new jobs annually.  They produce more than half of all non-farm private gross domestic profit in the US (roughly $6 Trillion).    Small Business is important.

Unfortunately, within five years of opening, according to the SBA, almost 90% of all these businesses fail. These business owners are usually very good at what they do, manufacturing something, providing a service, etc.  What many of them lack is the know-how to manage all aspects of the day to day operations of that business.  The high failure rate is due to the very real fact that they do not have the training, education, knowledge, or experience to do it all.  To be successful, they must do it all and do it well.  How do we accomplish that?

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21 Dec

Becoming an Entrepreneur

Becoming an Entrepreneur is easy.  You decide you are good at something or have something people want.  You start a business, and they come to buy what you have or do.  It is that simple.

Not exactly as that reality probably happens to about 1 in several million. For the rest of us, it is a bit more challenging.

So what do you do if you want to be an Entrepreneur?

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23 Nov

Leaders and Entrepreneurs – Good Storytellers

Leaders and Entrepreneurs must be good storytellers.  They have to be so that they can realize the dreams and goals they have for their business, product or service.  I met a local Entrepreneur.  A young one at that.  At least to me, he was young as he had not yet reached his 20th Birthday. He was sent to me for advice regarding his new business venture.  As I sat in the local Coffee Shop, I watched him, and his product walk toward me.  He was excited, and you could tell that by looking at him.

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28 Sep

The Simple Business Plan – Complete and Execute Your Business Plan

You’ve developed the five parts of your Simple Business Plan.  You’ve talked them over, dissected and digested them.  They are how you want them now.  You aren’t done.  You have to complete and execute your business plan.  If you just complete it, you’ll be like many but not all businesses.  You’ll have a business plan.  If you execute the plan, you will be among those highly successful businesses that both complete and execute their business plan.  Given the survival rate of businesses in the US, when you complete and execute your business plan, you can find yourself in that group of businesses with long term sustainable survival and growth.

How do you complete and execute your business plan?

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02 Dec

Do You Have a Compelling Vision For Your Business?

When you started your business, or you became a business leader, you had a good idea what you wanted to accomplish. That direction was and is your vision, and having a compelling vision helps you be more successful. Communicating that vision helps others be more successful. How you develop and then communicate that compelling vision starts the path to success. A compelling shared vision is even more powerful.

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