Category: Entrepreneur School
Making a good business plan is essential for having a successful business, especially when you are starting up. You just need one, even the though it’s not the perfect or the most professional one. It’s the resume of your business, it describes how exactly your company makes money, which is crucial information for all of your potential investors and partners. Putting everything about your business model on a paper is something that not only will help you follow it, but also it’s a must if you want to find financing for your idea. Nobody invests in a company without a...
How some of the brightest business ideas were born? How have some entrepreneurs invented things that have changed our lives forever? Well, actually the answers to these questions are quite simple. You will be even amazed by how simple they are… It’s actually one simple thing all successful entrepreneurs did well to get to where they are. Have you already guessed what it is? It’s finding a solution to a problem and building a business around it. That’s all, as simple as that. Most of the great ideas of our time were born because they solve a very common problem...
According to an interview realized by none other than Michael Jeffreys, there are 8 things one should know and must do in order to have a successful business. He has done a research amongst some of the most prosperous people in the world and synthesized the 8 most important factors for success, common for all of them. I don’t remember word for word these factors, but I am pretty sure I got the idea, so here they are for you. This is one really great and motivating article, so take the time to read it, you won’t regret it! How...
If you are looking for expert advice from real entrepreneurs, then you have come to the right place. Given below is some thought-provoking advice from real-world entrepreneurs, whose net worth not only runs in billions but who have also made their mark in the world by building their gigantic empire. Take a note of their valuable advice and implement them in your own business, to carve a successful niche in the market. Watch the video below. • According to billionaire Sheldon Adelson, there are a number of things in life that other individuals do not do. For that, you only...
8 Things About How to Start a Small Business Successfully… Plan your business professionally When starting anew, you need to think over some crucial things. Even if one of them is the financial side of things, that is not the only item you can have well thought of beforehand by doing a good business plan. Even if you don’t need external funding in the very beginning, it is important to have such things mapped out in case you need it. The marketing plan is one of the important elements, too, but the most important thing is to know exactly how...
There are many cool business sites, where you can read some really cool business advice. You can be drawn into an ocean of recommendations, how-to articles, and how-to-be successful posts. But things in many cases are more simple than it seems. This is how things are in business, too. To be successful, you need to start with the simple things. And what would be so simple and so important about your success? This would be to take action. This is also one of the things you can do nothing without. Without taking action, you become a victim of circumstances. If...
We found an interesting speech, in which you can learn some more about the importance of taking action. It is the commencement speech of actor Bradley Whitford, held in 2004 in the University of Wisconsin. It’s a little longer reading, but it’s worth every second you spend on it. Taking action here is the sixth point of his rules for success, but not the sixth by importance. Here you can take advantage of some other and really inspirational thoughts, too. The Commencement Speech Of Bradley Whitford At The University of Wisconsin in 2004 It’s great to be back in my...
Sometimes in our lives, we need to write a formal letter for something. Once I had to send such a letter and I realized, that I don’t know how to structure it! And that was bad because I had to quickly write it, but I couldn’t find the appropriate information about how to do it! A friend of mine helped me with this situation, and I did well. And now I am creating this post, and I hope it will be helpful for people in a similar situation to mine. Some Basics Here are some simple steps, that will help...
I bet that everybody has heard about business models and even many use these words. Many think of them as beautiful sweeties dressed in suits (okay, probably I just do…), others think about handsome guys in suits 🙂 … But most probably very few of you fully understand the real meaning… So, here you will have the chance to go through a simple explanation answering the question: “What is a business model?“. Let’s start with a Definition As I promised to give you a very simple explanation, I would not go through the details here. I want to write a...
Starting a brand new company is not an easy thing to do in most cases. Actually, it’s really tough and exhausting activity. This is why more than 90% of all startups fail in the first years. But this is something normal, rather than something scary. It’s even good and actually, you should never fear failure. Why? Because it’s always a good lesson, a great teacher and experienced provider. This is why we should learn from our mistakes and never give up. We should not look at failure negatively. Most people get demotivated and disturbed by it. They just start to...
