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Archive for the small business advice

Insider Entrepreneurs – WSJ.com

October 6th, 2009 by admin No Comments

Insider Entrepreneurs – WSJ.com.

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Entrepreneur.com Daily Dose

October 4th, 2009 by admin No Comments

Entrepreneur.com Daily Dose.

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Entrepreneur Educations-How To Be Your Own Boss – Kiplinger.com

September 28th, 2009 by admin No Comments

Sound entrepreneur coaching and small business advice in a great article from Kiplinger.com

Β 

Before you strike out on your own, make a game plan and get your finances in order.Β  read the entire article at

How To Be Your Own Boss – Kiplinger.com.

Will Corrente – β€œHelping People Get Where They Want To Go”

CEO Corrente Consulting International Inc and Operation Entrepreneur

Specializing in small business consulting, entrepreneur coaching, and entrepreneur development.Β 

Entrepreneur, Consultant, Speaker and, Author

Download your free special report at http://www.operationentrepreneur.com/7secrets/

Β 

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Racing Toward Disaster – Kiplinger.com

September 18th, 2009 by admin No Comments

Great article about the current economic policy and its long term effects

Racing Toward Disaster – Kiplinger.com.

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Work Life Balance Quote of the Day

September 10th, 2009 by admin No Comments

In theΒ entrepreneurship world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later – Harold Geneen

I think this is great advice for young entrepreneurs. Life is a learning process, some businesses are successful from the go others provide the tools we need for personal development or in our case entrepreneur development. Use every experience as a learning experience and the cash or the reward is sure to follow!

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Interesting Post on Gaebler about US Entrepreneurship

August 20th, 2009 by admin No Comments

This blog entry on gaebler, supports a previous post of mine, that although the SBA is a great resource for small businesses, due to government regulations and other programs, they do not go far enough in really HELPING small businesses in the US. Great information on the impact of entrepreneurship and small businesses impact on the US economy.

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Part 4 of 12 – Education and Health Services – An Opportunity in this Economy

July 2nd, 2009 by admin No Comments

We know from the first posting of this series that Education and Health Services are going to be two of the fastest growing business opportunities in the coming year.

Given the massive number of layoffs and company restructurings, hundreds of thousands of workers are going to be looking for new opportunities and will need to develop the skills and tools to be more diverse and marketable in the recovering economy.

In addition, parents are more involved than ever in ensuring their children receive every educational opportunity possible. These services range from tutoring in math, english and reading to learning a foreign language.

Health Services
According to the 2008-2009 Occupational Outlook Handbook

Personal and home care aides and Home health aides occupied 2 of the top 10 fastest growing occupations through 2016. as entrepreneurs, it is easy to see that this data and these projections point to opportunities to set up these types of companies to serve this growing demand.

Some franchises available in this niche include:
Accesible Home Healthcare
Home Health Mates

The continuing “Graying of America” offers opportunites to service and increasing demographic in our society.

See Part 5 for a list of franchise opportunities in another sector of opportunity.

(Operation Entrepreneur does not receive compensation from any of the above mentioned companies and the information provided is informational only, this blog is not an endorsement or offer to sell any of these businesses. If you think one of these opportunities may be for you, please do your research carefully, contact the company directly and speak with your attorney, tax advisor, business advisor, and accountant before making any decisions.)

Click the book me / hire me link if you would individual consulting on starting a new business or purchasing a franchised business.

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Franchise Ownership- A Less Risky Business Proposition Part 2 of 12

May 7th, 2009 by admin No Comments

Opening a business can be a risky proposition, even in good economic times, starting a business is fraught with dangers and pitfalls.

A path that many entrepreneurs have chosen is instead to purchase a franchised business. In a franchise, you are purchasing someone else’s business; they have perfected the marketing, sales, operations, management, and provision of the product or service. Their system reduces the errors most small business are prone to encounter and increases the chances of long term success for the business owner. In a franchise, in exchange for an upfront fee and an ongoing royalty, the entrepreneur gains the rights to own and operate the business following the franchisor’s model, philosophy and most importantly-their system. The purchase allows the entrepreneur to use their trademarks/ service marks, market and distribute the franchisors products and services and use their system of operations.

Some of the advantages of a franchise are: 1) a proven business model, 2) training, education and support, 3) a clear road map / business plan, 4) financial assistance in financing the business. Franchising can be an effective route to successful business ownership if you do not mind following someone else’s plan. Franchises are very strict in setting rules of what the franchisee can and cannot do in the marketing and operating of the business.

Take time to read the fine print to ensure you know what you are committing yourself to in the franchise agreement and make sure you can live with those commitments. Since most franchise agreements are for 20 years or more, you will be in business together for a long, long time.

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Looking for An Opportunity in This Economy – Part 1 of 12

April 30th, 2009 by admin No Comments

In case you missed the April 2009 issue of Entrepreneur Magazine which contained an article called “10 Sectors Poised for Growth”, here is a quiick recap of some areas of opportunity in this economy.

1 ) Services
2 ) Discount Stores
3 ) Fast Food
4 ) Second Hand Goods
5 ) Medical Office Buildings
6 ) Netbooks
7 ) Education and Health Services
8 ) Social Networking
9 ) 3-D
10 ) Savings

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5 Keys to Becoming a Successful Entrepreneur

April 17th, 2009 by admin No Comments

1) Be Humble and Ask, Don’t Tell- Even the most successful entrepreneur does not know everything about everything, keep an open mind when presented with new ideas and listen before you speak. People like to be asked not told, ask for an opinion, ask for permission, ask how to get it done, and ask for the order. Make the other person feel like they are working with you.

2) Do Your Research- Know your market, know your local laws and ordinances, know your competitors, know your suppliers. Learn why others have failed in that location, learn why others have succeeded. Just like on the battlefield, there is nothing more valuable than good, factual and reliable information.

3) Plan Slowly- Successful entrepreneurs plan out everything up front with care, diligence, and insight. Plan your pricing, plan your service delivery, plan your execution, plan your management, plan your accounting.

4) Execute Swiftly- The best laid plans are worthless if not executed in a timely manner. How many times have you had a great idea, started your research and put it on the shelf only to find someone else brought the same idea to the market and is making a killing?

5) Review & Revise If Needed- Review is a critical part of all business success, what works effectively today, may not be effective and efficient tomorrow. There is always room for improvement, efficiency and better service standards.

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