Starting a business can be a daunting experience. There’s so much to do, so many things to know. And for many, the stakes are high that the pressure to do everything right is intense. Learn the things you need to know when starting a business.
challenges of starting a business
Working on something you love helps make the whole process of starting and running a business so much easier. Work becomes less of a chore because you enjoy what you’re doing.
As a freelancer or a self-employed business owner, one of the realities you will face is the fluctuation of income. Unlike employees with a fixed salary, it is hard to predict exactly how much you will earn from month to month. There are times when income is good and the money keeps pouring in, and times when income slows down to a trickle.
Being a small business owner is fun, challenging, but never easy. Whether you are just starting a business or already running one, there are a number of things that will push your stress limits and keep you awake at night. Here are some of the common concerns of small business owners: 1. Financial stress. One […]
How do you know whether you can be a successful entrepreneur? While there is no surefire formula for success, studies have shown that successful entrepreneurs share these ten characteristics. Watch the video to check if you possess any one of them.
How does an Olympian prepare mentally for a once-in-a-lifetime event that can literally be over in seconds, but its results will last for the rest of his or her life? Surprisingly, in a very similar way as businessmen and women prepare for big projects. Learn the secrets of Olympic-caliber preparations from Olympic gold medalist Nikki Stone.
It takes money to make money. The success of your small business will depend on whether you have adequate capital needed to start and run the business. However, it is not easy, especially if you do not have the money and resources. Or you do not know where to get the funds you need especially in these tough economic times. Watch the video to learn about how to finance your small business
Risks and entrepreneurship are like two peas in a pod: they go hand-in-hand together. The key is for the small business owner to anticipate the risks and understand what could possibly go wrong.
When you start a business, the pressure of making the business work may compel you to work 24/7. You are hungry for new business and you feel the strong urge to prove that your business idea works. More importantly, you need to get the business start earning some money – and fast. As a result, […]
Choosing the right business is critical to the success of your entrepreneurial endeavor. It is the most important decision you will make as you start your business. Select a business that has no market demand, and you will quickly find your investment into the business disappearing faster than you can ask what’s happening. Or you may want […]