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Archive for the small business consulting

It seems everyday, there is a new prefix being added to the term entrepreneur- so far over the past few months i have heard of the following: spiritual entrepreneur, conscious entrepreneur, intra preneur

Here are my definitions for each which may or may not differ from the most widely accepted definitions

spiritual entrepreneur- an individual whose spiritual guidance has lead them to start a business

conscious entrepreneur- an individual who is startingΒ  a business because of a deep conviction, belief, or set of values that they wiish to be the guiding principle or objective for the success of their business

intrapreneur- an individual working for a company who wishes to apply entrepreneurial thinking, passion and execution to the products or services offered by the company in which they are employed

I am sure there will be even more in the coming years!

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I recently attended a conference at which the speaker had shared an interesting statistic, 87% of business success is acheived by following a process.Β  After hearing that statement, a light bulb went off in my head!Β  That is exactly what I have been trying to convey to my small busineness consulting clients and my website visitors when explaining the merits of myΒ POWER Squared System.

Power Squared gives business owners the template, actions and the system to follow to create the processes and procedures to grow their businesses.Β  It is a simple solution, create a process for your business, stick to it and enjoy an 87% success rate!

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As entrepreneurs, we know that tapping into home equity loans, credit cards, or bank financing is down right difficult, if not impossible in this current economic climate.Β  But, if you are en entrepreneur in the position of having an investment portfolio of $100,000 or more, than you may have just found a way to finance your business start up, purchase, finance, etc.Β  This type of lending allows the borrower to use their investments (stocks, mutual funds, bonds or other securities) to obtain funds for personal or business use.

Check out this great website of a new strategic partner of mine for additional information http://www.investmentportfolioloans.com

Here are some quick features and benefits of this innovative loan product

β€’ Fixed interest rates between 2.5% and 4.5%
β€’ Interest Only quarterly loan payments
β€’ Loan terms of 3, 5, 7, or 10 years
β€’ No closing costs (an Origination Fee may apply)
β€’ No lenders fees
β€’ No upfront fees
β€’ No due-diligence fees
β€’ No credit check
β€’ No income verification nor is it asked for
β€’ Funds may be used for any purpose including personal or business use
β€’ Non-recourse loan. The only collateral are the pledged securities. Should the borrower default on the loan, the borrower keeps the loan proceeds and the lender only claims the collateral. The borrower’s liability is limited to the collateral pledged for the loan. The lender has no right to proceed against the borrower for any deficiency.
β€’ Loans available for up to 80% of the securities value
β€’ The borrower retains all dividends and upside market appreciation that the securities generate
β€’ Prompt response to a loan inquiry, usually within one business day of receiving the security information.
β€’ Quick Fundings – usually in a matter of days
β€’ Flexible terms at loan maturity. The borrower may renew the loan, possibly refinance, or pay off the loan.

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Whatever your entrepreneurial dreams are, there is no better time than the present to start making it a reality. Now is the time to retool, re-educate and create opportunities for yourself to learn and grow. Look at the industries that are doing well in the current environment. Is there a niche waiting to be discovered?
If you live in the NYC metro area, I highly recommend you attend the New York Entrepreneur Week this is a great resource for all of your small business consulting needs.Β  check it out at http://www.NYEW.org

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With all the money being thrown around Washington these days, it no surprise that most Americans have no idea where it is going, how it is being used or how to qualify to get a piece of it.

It is true, that most of the Economic Stimulus money coming from the government is earmarked to big business, but some portions are also earmarked for community based projects, small business assistance, grants, and other spending.

Check out the following resources I have shared with my small business consulting clients and see how you can claim your piece of the stimulus pie:

Federal Government Recovery Web Portal http://www.recovery.gov

Federal Business Opportunities http://www.fbo.gov

Federal Contracts sorted by congressional district http://www.usaspending.gov

Federal Grant Opportunities http://www.grants.gov

Central Contract Certification Registration http://www.ccr.gov

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Β Can’t find the right word? You might want to start moving your hands. New research at the University of Alberta suggests that gesturing while you talk may improve your access to language.Β 

This is an interesting article for personal development and entrepreneur development, I find that hand gesturing has always helped me to think on my feet, whether in a public speaking situation or in a business presentation.

I hope you enjoy the article!

Using Effective Hand Gestures In Public Speaking | NY NJ Executive Speech Coach | Fast Company.

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The following is a reprint of the FAQ’s Page from Twitter. The Direct URL is- http://help.twitter.com/forums/10711/entries/13920

Follow me on twitter at http://www.twitter.com/willcorrente

twitter is becoming an essential part of a businesses social media mix and an increasingly important part of my small business consulting practice, i definitely recommend you become familiar with twitter!

Here are the Q & A’s I found most helpful:

What is it?
Twitter is a service for friends, family, and co–workers to communicate and stay connected through the exchange of quick, frequent messages. People write short updates, often called “tweets” of 140 characters or fewer. These messages are posted to your profile or your blog, sent to your followers, and are searchable on Twitter search.

What does it mean to follow someone on Twitter?

Following someone simply means receiving their Twitter updates. When you follow someone, every time they post a new message, it will appear in your Twitter home page. New messages are added to your home page as people post them, so you always get the updates in real time. When you log in, you can see what the latest updates are. Twitter offers other ways to follow people too: you can get updates from certain people on your phone!

How can I send updates to Twitter?

Twitter offers many ways to post updates: from the web in the update box, from your phone, from your mobile web browser using m.twitter.com, or from any third party application made by the talented folks who’ve utilized our API.

Can I put my Twitter updates on my blog?

Yep! Put a Twitter badge on your blog, website, MySpace… anything that accepts Javascript or HTML. You can even customize your Twitter badge to match!Β 

What are @Replies?
An @reply is a public message sent from one person to another, distinguished from normal updates by the @username prefix. If a message begins with @username, we collect it as a reply and post it in the replies tab. Reply publicly to any update on Twitter by using the @username format. Following is not necessary to reply to someone, and all of your replies are visible in the replies tab of your home page sidebar.

What are Direct Messages?

Direct messages are private messages sent from one Twitter person to another. You can only send a direct message to a person who follows you. When you receive a direct message, we save it in your direct message inbox, accessible from the Direct Message tab in the sidebar in your home page. Set your email preferences to notify you by mail if you have a new message.

Can I edit a tweet once I post it?
Nope. Once it’s out there, you can’t edit it. You can delete an update by clicking the trash icon on the right end of the update, but you can’t make changes.

What is the difference between an @reply and a direct message?
An @reply is a public message sent regardless of follow-ship that anyone can view. A direct message can only be sent by someone you follow, and is a private message that only the author and recipient can view.

Fun Stuff: friends, favorites, and stats!
There’s more to Twitter than OFF and ON! Use the commands below to send private messages, mark updates as favorites, or even remind someone to update their Twitter page if you’re wondering what they’re doing!

@username + message
directs a twitter at another person, and causes your twitter to save in their “replies” tab.
Example: @willcorrente I love that song too!

D username + message
sends a person a private message that goes to their device, and saves in their web archive.
Example: d willcorrente want to pick a Jamba Juice for me while you’re there?

WHOIS username
retrieves the profile information for any public user on Twitter.
Example: whois jack

GET username
retrieves the latest Twitter update posted by the person.
Example: get willcorrente

NUDGE username
reminds a friend to update by asking what they’re doing on your behalf.
Example: nudge biz

FAV username
marks a person’s last twitter as a favorite. (hint: reply to any update with FAV to mark it as a favorite if you’re receiving it in real time)
Example: fav al3x
STATS this command returns your number of followers, how many people you’re following, and your bio information.

INVITE phone number
will send an SMS invite to a friend’s mobile phone.
Example: Invite 415 555 1212

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An interesting look at small business bankruptcies from a different perspective.Β  Hope you enjoy this one!

5 Reasons Why Soaring Small-Business Bankruptcy Rates Are Good

Β 

Entrepreneur.com Daily Dose.

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If you’ve moved into the ranks of the self-employed, you can shift some of your new expenses over to Uncle Sam. But watch out for the red flags that can catch the IRS’s attention.Β  read full storyΒ Β  Save on Taxes If You Are Self-Employed – Kiplinger.com.

Finding and utilizing a good professional accountant is one of the best investments a young entrepreneur can make and is a cornerstone of my small business consulting practice.Β  The rules, regulations and revisions of the IRS code is astounding, as a business owner, you have enough balls to juggle, figuring out what is deductible, not deductible, allowable and not allowable is an incredible drain on time and resources.

If there is one peice of consulting advice that take and apply to your business above all others, is you absolutely must have a great accountant!

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