5 Common Mistakes Entrepreneurs Make

June 17, 2014

There are so many common mistakes that entrepreneurs make that it’s possible to write several books on the topic.  In fact, it would be like shooting fish in a barrel to name a bunch of the most commonly made mistakes.  In fact, I’ve made a few of these in my career, and will share them with you, so you can learn from my mistakes. Fortunately, we have recovered from them, and are doing well, but it would have been nice to have not made them in the first place.   So without any more fuss, I’ll show you where people commonly go wrong, and where I’ve made silly mistakes.

Common Mistakes Entrepreneurs Make

  1. Under estimate the amount of money it will take to start up the business.  I’m a believer that you should outline how much you think it will take to start the business, and run it until you make a profit.  Multiply that number by at least 5.  That will give you a better idea of how much things are going to cost before you start actually making money.  Customers take longer to find and acquire.  Everything takes at least twice as long as you think it should.  I know it has for us.  And that’s with me working 16-18 hours per day.
  2. Expand too quickly.  It is awfully easy to hire people.  But each person you bring on brings overhead, and unless you have revenue, and a strong business case for each person, you can be driving yourself into the ground that much faster.
  3. Buy expensive gadgets.  Or don’t buy the right equipment.  It is so easy to cut corners and not buy the necessary equipment.  It’s also equally easy to talk yourself into buying super nice equipment, because “you’ll need it”.  One way will end up costing you in time, and the other will end up costing you in cash.  And Cash is King in business.  We’ve fought for weeks with recalcitrant laptops and equipment before biting the bullet for better hardware.  And that was after spending the money on the cheaper stuff in the first place.  Had we gone for the middle of the road hardware, the first time, we would have saved ourselves time, aggravation, and cash.  Lesson learned.
  4. Go for a place that’s “too nice” for an office space.  In our case, we actually did our research, and discovered that we are not required by law to have an office, so we’ve saved that money.  But I’ve seen so many people who get stuck in super-expensive leases that end up drowning them.
  5. Keep the wrong people.  Letting people can be very, very hard to do, because this is their livelihood too.  We made the mistake of holding onto people who just weren’t the right fit for the culture we want to create, because we didn’t want to let them go.  Lesson learned- fire early!

Like I said before, I could go on for weeks, and weeks on mistakes that entrepreneurs make.  Learn from my mistakes, and don’t make them yours!

 

Enhanced by Zemanta

Categories

More Posts:

How Entrepreneurs Can Work Through Periods of Stress

Entrepreneurship can be an exhilarating journey, but it often comes with its fair share of stress and challenges. The pressure of running a business can sometimes feel overwhelming, and finding effective ways to navigate through periods of stress is crucial for...

Economic Effects Of Tax Returns

To understand your tax returns a bit better, let’s discuss the economic effects of tax policies and how they affect your financial health.

Dollars and Sense: Building a Solid Financial Foundation for Your Small Business

Financial management is the heart of any business, no matter its size. Learn key financial practices to help your small business achieve financial stability.

How to Develop a Strong Photography Portfolio

Creating a strong photography portfolio is essential for showcasing your skills and attracting clients in the competitive world of photography. A well-curated portfolio demonstrates your unique style, technical abilities, and creative vision. Here are three key...

How to Vet an Amazon FBA Coaching Program or Course

How to Vet an Amazon FBA Coaching Program or Course
Are Amazon Courses Legit or a Scam? 8 Ways to Tell!
By: Ashley Kinkead

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

The blog “Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers” offers crucial advice for online entrepreneurs. Business lawyers provide insights on vital legal aspects, such as forming a business entity, protecting intellectual property, drafting contracts, and complying with online regulations. Understanding these legal essentials is essential for safeguarding the business and avoiding potential legal pitfalls that could arise in the digital marketplace.

The Power of Women-Owned Small Businesses

     Women-owned small businesses are on the rise, and their impact is undeniable. In fact, in 2019 alone, women-owned nearly 12 million businesses that employed nearly 9 million people and generated over $1.9 trillion in revenue. From retail to technology to finance,...

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

How Entrepreneurs Can Stave Off Burnout

Have you been feeling more stressed and exhausted than normal lately? Everyone experiences burnout at some point in their career, and this is even more common with entrepreneurs due to the many responsibilities that they have. Here are a few ways to stave off burnout...

Strategies and Technology for Female Entrepreneurs

Since entrepreneurship is the foundation of any nation's economy, it is essential to economic development in developed and developing nations. In the last several decades, there has been a significant improvement in the role of women in our society. Women are now...

Role of female entrepreneurs in a changing society

Over the past few decades, there has been a significant increase in female entrepreneurship. More women are choosing to launch their businesses and participate in the world of business creation, one of the rapidly expanding facets of entrepreneurship globally. But in...

Features Every Health Insurance Plan Should Have

When creating a health insurance plan for your employees, you want to be as thoughtful as possible. Not everyone is in the same situation and they need health plans that are flexible and customizable.  There are some features you can add to your plan to make sure your...

How Entrepreneurs Can Feel More Confident in Their Appearance

When you are an entrepreneur, the way you look is a big part of your success, because people will tend to want to help your business if you make a good impression. It can be difficult to like the way you look, but when you put in the effort, you can improve your...

How to Be a Better Mentor to Your Employees

As an employer, you have a lot of responsibilities on your plate that you need to take care of. And while you can get through your work by just handling those basic responsibilities, you can make a bigger impression with your business if you focus on creating an...

Economic Factors That Are Affecting Businesses Right Now

With a worldwide pandemic and a war in Ukraine, the current state of our economy is on everyone’s mind right now. Oil and gas prices are soaring, and inflation continues to rise. Furthermore, the labor market is abnormally tight. But what do these economic factors...

Growing Industries Software Companies Should Target

When you are in the business of creating software, it always helps to find new sectors that you can branch into. Every industry relies on software to get its work done, and having newer and more effective software options makes those industries work more effectively....

What Ecommerce Entrepreneurs Need to Know About Data Privacy and Compliance

As the race to build a better customer experience intensifies, companies across the world are being forced to navigate complex regulatory landscapes. At the forefront of these regulations is data privacy – the European Union’s General Data Protection Regulation (GDPR)...

3 Communication Trends All Food Manufacturers Need to Know About

Effective communication is the basis of any successful business or industry. It allows for efficient teamwork and collaboration, helps identify and prevent problems, and leads to unique and innovative solutions. On the other hand, when it’s lacking, the final product...

Does Your Business Need a Surety Bond? Here’s What You Need to Know

What to Know About Surety Bonds for Businesses If you are an entrepreneur or small business owner and have learned you need to purchase a surety bond, you might not fully understand your bonding requirements, the purposes of surety bonds, or how they work. Surety...

What it Takes to Create a Successful Brick-and-Mortar Business

Today, a lot of business is done online, but this doesn’t mean brick-and-mortar businesses are obsolete. They are an important and essential part of the business world. In order to make your brick-and-mortar business work, you just need to know what it takes to be...

How to Get Started With Your Independent Venture

You have an incredible idea, you possess the necessary knowledge and skills, and you are brimming full of passion. It is time to take that leap and just go for it. With the right tools and mindset, your venture can be fulfilling, successful, and lucrative. Here are...

Crowdfunding aids women entrepreneurs in closing the funding gap

We all know those female entrepreneurs get less funding than male business owners around the world. This is the reality of even many developing nations, and it comes at a high cost to efforts to achieve gender equality. Female entrepreneurs are denied equal...

An Entrepreneur’s Guide to Learning Financial Planning

During your entrepreneurial journey, you may have received plenty of advice on the dos and don'ts of managing finances. Sometimes you've got too much advice that itself creates chaos. As an entrepreneur, you already know what roadblocks and hurdles will come your way,...

5 Tips for Success – Designed for Women Entrepreneurs

Are you a woman who has big dreams of becoming a successful entrepreneur doing what you love for a living and feeling fulfilled every day? Yes, those are lofty goals, and yes, they will be hard to reach, but that doesn’t mean it’s not doable. Entrepreneurs are a...

What to Know Before Hiring Contractors for an Important Job

When you’re running a business, there are going to be times when you need to hire contractors to help you get things done around the office. It’s important that you know a little about your contractor’s background before you hire them, especially if it’s a big job....

Why Does Your Personal Credit Score Matters For a Small Business Loan?

You may not realize it, but your personal credit score matters to your small business. Lenders pull your personal and business credit score when considering applications for small business loans. Both profiles reveal information about your ability to handle credit. ...

Fundraising 101: A Practical Guide for Entrepreneurs 

There are many great ideas that failed to become a reality because of the lack of funding. Start-ups need funding to stay alive, and entrepreneurs understand the importance of getting the necessary funding for the company to move forward in the early stages. In many...

Why Now is a Favorable Environment for Businesses

COVID-19 is winding down, vaccinations are out, and people are heading back to their regular lives. Now is as good a time as any to build your business, but why else would you want to start now rather than the future? Here are a few reasons any aspiring business owner...

How to Take Control of Your Business Identity

As your business grows, it begins to take on an identity. This identity is shaped in many ways, but it is important for you to take control of this business identity. You want to make sure your business becomes what you want it to be. Direct the Conversation It is...

What Does it Take for Women to be Thriving Entrepreneurs in a Competitive Market?

Things are never more accessible and valuable for female managers. Around 11 million U.S. corporations are launched and operated by gentlewomen. It employs more than 9 million individuals and produces around $1.7 trillion in deals, represented in the NAWBO. The above...

Local Businesses That Need Better Lead Generation Strategies

When it comes to building up your marketing approaches, it can feel like there are a million techniques out there. But when you’re running a small business, you have to think even more carefully about which strategies you’ll use. Lead generation can be a great approach to start with.

How to Reduce Your Overall Business Budget

Running a business is a great way to spend your life and make your living. Learning to keep your costs low can help you to maximize earning and keep your business budget in the black even when tough financial situations hit the world around you.

Everything to Know About Purchase Orders

Even though technology can automate a lot of the heavy lifting for you, it’s still good to understand at least the basics of the financial side if you’re starting a business. Purchase orders are a good starting point.

10 Tips for Women Entrepreneurs to Lead Their Business Successfully

Women in business still have a long way to go. So, we are doing our bit to make this journey smoother and more encouraging, here are ten leadership tips for women entrepreneurs to succeed in their businesses.

How To Effectively Save For Quarterly Taxes As A Self-Employed Person

There are plenty of great advantages to being self-employed, but there’s one word that often strikes fear into the heart of many freelancers – taxes. Working out how to save for quarterly estimated taxes can feel like the biggest struggle that you can face as a freelancer. Rather than panicking as your quarterly tax bill is due, it’s time put in place a plan of attack for dealing with them head-on.

Solutions You Should Be Thinking of to Cut Your Office Costs

Keeping your small business profitable can be tricky. Not only do you have to manage your personal and employee salaries, but you also have to pay for your office space, utilities, and all the other equipment necessary to keep your company producing. When finances get tight, you may think you have to cut one of your many skilled employees. While this is a perfectly valid response, it shouldn’t be your first solution to cutting your costs.

Skills Every Serious Entrepreneur Needs to Learn

As an entrepreneur, you take on most of the responsibilities of owning a business. Eventually, you can begin to hire others as your business begins to grow. Until then, there are some essential skills that you need to learn as you run and grow your business.

7 Common Pitfalls When Business Owners Invest in Supply Chain Services

Success in logistics can take serious effort and investment. Many SMBs, as a result, look for outside help with supply chain management. These are six of the most common pitfalls that SMB owners make when investing in supply chain services — and what you can do to avoid them.

Key Reasons for Having a Custom Ecommerce Website

With the variety of eCommerce building platforms like Shopify and WooCommerce, it might be tempting to build a store yourself. While such services are great to start with, they might create a number of difficulties as your business grows, such as problems with customizations, technical support, hosting, and much more. However, there is another possible solution – customer eCommerce website development.

Getting Started with Social Media for Your Online Store

Having a social media presence has always been a crucial part of just about any business out there, especially for online stores. However, many companies still overlook this part of marketing. So, why is social media so important for online stores and how do you properly use it?

How to Prevent Budget Cuts from Destroying Your Business

Budget cuts can be frustrating and can wind up destroying a business if you don’t navigate them carefully. Follow these tips to help your company to survive the budget cuts as best you can.

What Every Entrepreneur Needs to Protect Their Business

Most entrepreneurs focus on getting their product to the market and selling it in an effective manner. They believe that the biggest danger will come from lack of sales. Unfortunately, this can leave them open to be blindsided by other matters such as lawsuits and ownership or control issues.

How Do Financial Institutions Make Money From Credit Cards?

Banks are primarily responsible for issuing credit cards. On the surface, it might look like they are doing you a huge favor by handing over a magic chip that will take care of your unexpected expenditures. However, credit cards are beneficial to financial institutes as well.

Ways To Be Financially Smart During Pandemic

With an uncertain future presented by the pandemic, it is best to be financially smart during, as it can make all the difference should another unfortunate event happen. This year has been stressful and left us with a lot of anxieties, but by making smart decisions when it comes to money, you will get through it.

Best Online Business Ideas You Can Start in 2021

Job-seeking has never been that easy, especially with the current economic situation; however, you can quickly become your own boss with these online business ideas.

5 Cool Business Ideas for Those Who Love Travel

Travelers are always quite enthusiastic about travel, and each of them is exceptionally hard working. So if you are a passionate traveler, then do not hesitate to choose your passion as the main income source. Here are the top five cool business ideas which you can apply while you travel the world.

Best 5 Tips For Small Businesses For 2021

Establishing a small business is not at all effortless. Small business is always a matter of the time, persuasion, and hard work that you can spend within a minimal period. When you have a deep desire to start a small business at that point, you will feel there are many stumbling blocks for any entrepreneur.

E-Commerce Strategies That Can Help Your Business Sell More

E-commerce has enjoyed an unexpectedly large boom this year, one of the few easily identified positive aspects of doing business in a global pandemic. With the holiday season upon us, it’s likely only to continue to gain momentum. Of course, just because online business transactions are booming doesn’t mean that you should be complacent with your strategies.

How to Keep Track of Sales Prospects

When you are running your own business, it is vital to keep track of your sales prospects. These are just a few of the many reasons you must keep track, but perhaps the most crucial reason you need to stay in control is that you ultimately want to close a sale and turn the potential customer into a real customer.

How to Free Yourself of Your Business to Start a New One

When inspiration strikes for a great new business to start, it can be tempting to jump right in and get going on making it a reality. That doesn’t mean you can’t pursue your new idea. You can free yourself from your first business and start a new one.

Marketing Tools That Will Help Your Business Find Its Target Audience

If you’re anything like most small businesses, you have a limited marketing budget to work with. Since your business relies on marketing to attract customers, it’s important to use that budget wisely. That means getting your business in front of your target audience. Fortunately, there are some marketing tools you can use to help you with this.

Advanced LinkedIn Strategies for Small Businesses

LinkedIn is arguably very underrated as a social media platform. Professionals tend to use LinkedIn more because it appears to be more formal and business-oriented. Because of this, businesses are quick to create profiles on the platform. But are they using the right strategies? It’s easy to get lost in the world of social media and get overwhelmed, and that’s why we’ve created a guide on the advanced LinkedIn strategies that are vital for every small business.

How to Manage Efficiently While Remote

Remote operations have become a familiar feature of our digital landscape. What can managers do to help balance both the advantages of remote work while maintaining high efficiency?

What Start-Up Businesses Need to Know About Intellectual Property Law

The early stages of a new business can be a bit taxing and strenuous. During these times, it may be challenging to set up your intangible or intellectual property assets as well.

15 Direct Mail Marketing Ideas for Beginners

Despite the popular marketing online and on social media, direct mail marketing still remains one of the most powerful strategies you can use to grow your business. If you’re willing to learn the most innovative corporate gifts for clients or the best products to give as freebies or as an employee anniversary gift, you’ll discover them here.

Online Courses for Entrepreneurs. Do They Help?

Entrepreneurs often wonder whether online courses help. The short answer to this question is yes. They help to get the training needed to successfully manage eCommerce businesses. eCommerce courses are focused on launching your startup by focusing on digital marketing strategies and other entrepreneurial skills.

How to Create a Successful Business Idea in 2020

You might be thinking of great business ideas all the time. You might make plans, search for tools, research competition, and make all the necessary moves to implement your ideas. However, at the same time, you might have a hard time finding one idea that sticks out the most.

9 Reasons Your Business Should Start a Rewards Program

Businesses with a rewards program are much better at keeping their customers engaged in their new products or services. A weekly email often accompanies the program and keeps your business at the front of their mind.

Personal Finance Tips for Every Business Owner

Financial management is an essential part of every business. As a business owner, you need to keep an eye on your personal accounts while also managing your business finances.

How to Adopt a Solid Inventory Management System for Your Small Business

Unfortunately, inventory management mishaps can create some seriously costly issues for your small business, including missed sales and expensive storage fees. Avoiding these issues will only become more difficult as your business grows and expands. This is why it’s crucial to implement a solid inventory management system as soon as possible.

When to Reopen: 3 Considerations for Businesses

As the COVID-19 pandemic begins to subside, many businesses have been struggling with the question of when to reopen. Although many businesses are choosing to return back to their normal mode of operations, a hot debate still rages on whether or not doing so is safe. Every business will have to make their own decision as to what will be best for them.

Starting An Online Business In 6 Simple Steps

Most people think of online business being nothing more than a “side hustle” that supplements their regular day job. But doing business online has too much potential to be treated like a second-tier or an afterthought business.

5 Official Key Benefits of VoIP Systems for Small Businesses

In the past few years, the rise of Voice over Internet Protocol technology has enabled companies to transform how they interact and to improve in-house and external relationships as a result. Understanding how VoIP-based phone systems can benefit your own organization can help you make the switch and enable your teams and your customers to enjoy the many perks of streamlined communication.

Side Jobs & Supplemental Income Strategies for Entrepreneurs

Financial security sounds great, but you’re a busy entrepreneur. Fortunately, implementing passive income strategies isn’t as complicated or time-consuming as you may think, and they allow you to earn passive income, which frees up your time and energy to focus on other money-making opportunities.

How To Find Entrepreneurial Success Post-COVID19

Standing out and finding entrepreneurial success in a post-COVID world will be a significant test, especially when you consider we don’t know what the world will look like in 2021 and beyond. However, there are things you can start doing now to prepare yourself and ensure a strong starting position to capitalize on an industry-changing idea.

5 Reasons You Should Consider Working At Shared Working Space

Small businesses looking for flexibility and remote work have been using shared working spaces for a while now. This has been primarily because shared working spaces help businesses cut costs and workers network more efficiently.Sharing a working space with other professionals can also increase a worker’s productivity.

Marketing During Pandemic: 4 Ways to Improve Your Business

If you’re a business owner, you’ve likely been faced with different challenging scenarios in the past few months. You’ve probably had to cut some funds on certain areas of your business. If you want to sustain and ensure business continuity at the highest level, you shouldn’t make the mistake of drawing back your advertising budget.

5 Tips for Successful International Networking to Grow Your Business

In case you’ve set up your own digital business, you understand the value of community support and industry recognition. Both of those can come in various forms, and as a leader in your field, you need to invest time, effort, and creativity into earning them. Thanks to overwhelming digitization, most entrepreneurs can have a global presence, so there’s no need to stick to the local market alone.

Rebuilding Your Business After Catastrophe

After months of quarantine, the prospect of re-emerging into the world and restarting business operations now might seem almost as foreign as shutting down and staying inside seemed a few months ago. Even if you’ve been ready for the reboot, how it happens might seem just as uncertain; there’s no unified game plan, no checklist of steps for business owners to follow, especially considering the economic devastation that’s followed in the wake of the COVID-19 pandemic.

The Definitive Guide To Making High-Performance OKRs For Your Company

OKRs stands for Objectives and Key Results, a goal management system created by CEO of Intel Andy Grove that keeps workers on track to achieving project aims. OKRs are designed to align the goals of individuals and teams with the company’s, prioritize actions, improve team communication and engage employees in running successful projects.

Home-Based Business – It All Starts With an Idea

As we move through these challenging (and might I add, very odd) times, our need to be able to work from home is constantly increasing. Even after we survive our generation’s global pandemic, and no matter how much or how little our societies change, home-based businesses will likely play a larger role in our future.

5 Effective Low-Budget Marketing Strategies for Startups

Startups operate under extremely tight budgets, which makes it almost impossible for them to set aside a marketing budget. Ignoring marketing and advertising becomes an easier (and cheaper) option for them.

6 Key Elements of a Profitable Investment Property

No matter if it’s your first investment or not, or if you’re looking into the residential or commercial real estate sector, finding the right property right off the bat will help you save money in the development process, market the property to the right customer base, and attract affluent buyers or renters to line up and make an offer before the development is done.

5 Tricks for Starting a Successful Property Investment Company

Developing a solid business plan is the cornerstone for your company. Without a plan in place, you’re pretty much navigating the market blindly and that can lead to potentially disastrous mistakes.

9 Things To Look For in A Co-working Space

Coworking spaces have become increasingly common these days—and for good reasons. They offer unbeatable perks to entrepreneurs, remote staff, startups, and SMEs. Aside from fueling creativity, communication, and collaboration, it provides its members unique flexibility of office spaces that enables them to scale up or scale down with ease.

How to Get Coaching Clients Online

A lot of coaches start by getting clients via word of mouth and referrals. But after a while, you want to grow beyond that. Unfortunately, a lot of coaches end up really overwhelmed when they try to market themselves online.

How to Open Your Own Coffee Shop: From Idea to Realization

There’s something very romantic about the idea of running a coffee shop. In addition to being the drink of choice for 64% of Americans, it can also be a great business opportunity.

Startup Funding – A comprehensive guide for Entrepreneurs.

There seems to be a lot of myths surrounding the subject of startup funding. Here is some advice and information based my experience of startup funding.

5 Ways to Help Your Child Develop an Entrepreneurial Mindset

Whether it’s having their own lemonade stand or mowing their neighbor’s lawn for a few bucks, there are a number of things that can help a child learn valuable financial lessons and develop an entrepreneurial mindset.

Products You Can Turn Into a Work-From-Home Business

With dedication and focus, you can create a business that will give you flexibility as well as income.

How to Market Yourself as a Solo Entrepreneur

Any entrepreneur will tell you that when you are in the business by yourself, there’s much more involved in marketing your business; you also have to market yourself. After all, when it’s just you, you are your business.

How to Get Clients Online

Picture this. You had a beautiful logo created that reflects your brand exactly. Then you created sizzle reels, had a photo shoot, and created the perfect copy for your website. You create your signature course, or product. Then you launch it.

5 Resolutions to Make As a Small Business Owner in 2020

As a small business owner, the next few weeks provide you with an opportunity to look back on the positives and negatives 2019 brought your business and make a plan to tackle this coming year. Below, we’ve compiled a list of tips for you to include in your small business resolutions for this coming year.

8 Digital Marketing Tips to Grow Your Startup in 2020

Here are the top eight digital marketing tips for growing your startup on a higher level in 2020.

Balancing Business and Family: How to Be a Digital Nomad with Kids

Being a digital nomad probably sounds like a great idea to free spirits and those with a sense of adventure. And why not? With the expansion of online jobs, we’re no longer bound by an office, a city, or even a country. In fact, as long as you do your job on time, you can be anywhere in the world, which can allow you to see the world and meet incredible people on every continent. This concept of living in many different places throughout your life may be too appealing for some people to pass. However, once you have children depending on you, things can get slightly more complicated. Some will say that kids need to stay in a single place in order to have a normal life, but this doesn’t necessarily have to be true. Here are some ways you can handle the issues of being a digital nomad with children.

How Introverts Can Thrive in Online Business

When you picture a business owner, you probably envision someone who’s outgoing and can talk to anyone. They don’t seem to be intimidated by any situation and they’re bold and excited to network and make connections with others. If you’re an introvert, this vision might not describe you, but that doesn’t mean that you can’t be a business owner in your own right. In fact, introverts can and do thrive as online business owners.

What Are the Advantages of Starting Your Business in a More Rural Location?

You will hear plenty of naysayers if you say that you are thinking about opening your business in a rural location, but there are many reasons why this may be a sage move. Rural areas have a whole different feel than urban locations, but the slower pace and friendly demeanor may be just what your business needs to thrive.

The First 3 Things Start-Ups Need to Decide

So you have a great business idea, and you are looking to start a business? This is an excellent start. Entrepreneurship is an important practice that allows innovation to thrive. As you build your business, there are a few things to consider. Sure, you know yourself and the company you want to create, but there are aspects of the marketplace you should consider to ensure your company will succeed. Here are three things to think about as you build your startup.

Tell Your Business Story Better with a Well-Organized Site

You already know that your website is one of the most essential marketing tools in your company’s arsenal, but you may wonder if you have the most important parts covered. Your website is vital to building your brand, so your target audience needs to find some certain features on it. Here are the essential sections your website needs to guide your audience.

8 Effective Ways to Use Social Media to Grow Your Small Business

Still not convinced that social media can help your small business grow? In this post, we will talk about the eight effective ways you can use social media to grow your small business.

Steps to Take Before Starting a Startup

Many people today want to start their own venture. However, starting a business is a lot more complicated than it meets the eye.

The Basics of Starting a Home-Based Business for Seniors Who Are Up for the Challenge

Seniors today sometimes find themselves torn between going back to work and maintaining the freedom they have as retirees. One option that gives you the best of both worlds is to start your own home-based business. When you run your own business, you don’t have to work around someone else’s schedule, but you still reap the benefits of earning an income.

International Business Opportunities for Entrepreneurs

Startups across the country are going up in record numbers. However, too many startups can cause overcrowding in the market, which leads to low success percentages. One of the most common alternatives is to seek business opportunities outside of the country. The following list contains some of the best choices to consider when attempting to grow internationally.

Major Business Financial Blunders Made By Small Business Owners

The U.S. Small Business Administration reports that almost 50 percent of small businesses close within the first five years. Many optimistic entrepreneurs end up underestimating the costs associated with starting and running a business. They accumulate overpowering debts or they end up with bad personal credit and even bankruptcy. As per business gurus, starting a business is all about determining the right budget and maintaining consistently a healthy and robust bottom line to allow your small business to grow and prosper and achieve new heights.

15 Ways to Prepare Your Business for the Future

If you’ve built up a great business with healthy sales and a loyal customer base, it’s not enough to sit by and hope for continued success. To thrive and stay relevant, you must continue to innovate.

5 Funding Opportunities for E-Commerce Startups You Should Know About

Starting a business can be extremely difficult, especially due to the limited funds available. There are many ways to gain funding. Here are five funding opportunities for e-commerce start-ups.

7 Tax Tips for Small Business & Entrepreneurs

One of the best ways for a small business to build its revenue and stability is to be smart about taxes. Staying organized, having your paperwork in order and knowing about deductions and penalties mean there are few surprises.

Top Tips for Setting Up an Effective Employee of the Month Program

To be a successful businesswoman you need committed, loyal, engaged, and productive employees who can continually help you take your venture to the next level. A good way to get this done is to thank, acknowledge, and reward your deserving staff through Employee of the Month programs.

Black PR: What to Expect and How to Fight

What is Black PR? What can you expect from it and how can you deal with this problem?

Top 10 Ways to Increase Your Productivity by Redecorating your Office

Every employer wants to motivate his or her employees to give it their all. Experienced employers know that the work environment is just as important when increasing office productivity.

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

The blog “Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers” offers crucial advice for online entrepreneurs. Business lawyers provide insights on vital legal aspects, such as forming a business entity, protecting intellectual property, drafting contracts, and complying with online regulations. Understanding these legal essentials is essential for safeguarding the business and avoiding potential legal pitfalls that could arise in the digital marketplace.

Nyago Michael Emmanuel

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

Remember These Expert Tips to Prepare Your Estate

Remember These Expert Tips to Prepare Your Estate

Keep in mind that making estate plans can go a long way towards helping you safeguard your hard-earned money or even a business that you may have. This includes the investment that you’ve spent on ensuring that your home is comfortable and valuable. One of these is safeguarding your home from the likelihood of having flood problems. This is an important detail, especially given the fact that more than 14.6 million homes across America are at a high risk of some kind of flooding problem, according to iProperty Management.

How Entrepreneurs Can Work Through Periods of Stress

How Entrepreneurs Can Work Through Periods of Stress

Entrepreneurship can be an exhilarating journey, but it often comes with its fair share of stress and challenges. The pressure of running a business can sometimes feel overwhelming, and finding effective ways to navigate through periods of stress is crucial for...

Why Entrepreneurs Get Health Goals Wrong

Why Entrepreneurs Get Health Goals Wrong

The life of an entrepreneur is often glamorized, but behind the success stories and Instagrammable moments, there's a grueling reality that can have significant impacts on one's health. Business leaders face unique challenges in balancing work and well-being. We delve...