Small Business in a Big World

March 10, 2009

Entrepreneurs are Good Leaders

Filed under: small business — itbiznez @ 3:39 pm
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How many times  in your job interviews or way back your college years that you were asked to define leadership and what makes a good leader? Perhaps, more than a couple of times and since that time I have only one consistent answer to that — “A leader sets the goals, influences and carries his members to a mission towards that goal. “

Why am I talking about leadership now when you might have been here in this blog because you’re eager to learn something as an entrepreneur? Well, it’s simple. Business needs to be excellently managed by it’s owners or to what we call as entrepreneurs and the leadership skills to carry out that mission of managing the business is indeed very important.

Just perfect for today, Amanda from Small Business CEO, did put extra effort in pulling out and putting in 10 Best Business Leadership Articles in her blog post which we can really learn from.  Check it out!


January 6, 2009

Dream, Believe and Survive!

Searching for more dream realization and inspiring entrepreneurship stories lead me to CollegeMogul.Com to where I gladly found Bill Melendez inspiring story and how important setting small business goals and making your entrepreneurial dreams come true.

For those who are just thinking, take a clue from Charlie Farmer — just do it. It is better to have tried and failed then to have never tried at all and spend one’s life wonder about what could have been. It may take years (mine is on its fourth year) to see a little progress. There will be many let-downs and disappointing results that make one wonder if it will ever happen. It’ll happen. Not because of some magic or luck or wishful thinking, but because of hard work and a never dying desire to see one’s dream come true.

Read more of Bill’s post — Making an Entrepreneur Dream Come True — after the jump. Read it here.

December 24, 2008

Determine Your Goals In Starting Your Business

I have always been saying that setting business goals is very important for entrepreneurs to do.  Gladly, Jimmie Wilkins have written in StatesmanJournal the guidelines in a form of questions and when you have the answers — those are exactly the goals you are looking for.

1. How many hours do you have to commit to a new venture? How many hours to you want to work during the start-up phase? Ultimately, how many hours do you want to work once a business is up and operating smoothly?

2. Do you need flexible hours? What must take precedence, family or business? Is flexibility of hours a necessity or an added bonus?

3. How much would you like to travel for your business? How often and for what duration?

4. What morals, beliefs or standards to you hold? Do you have strong beliefs that might affect the way you do business?

5. Do you have specific physical requirements or restrictions that must be considered?

6. Will your family be involved? Will they be supportive? What kinds of support do you expect to receive (e.g., emotional, financial, time, etc.)?

7. What level of power or status is important to you? Tip: often, the quest for power might be driven by ego, and sometimes ego gets in the way of listening to good ideas from advisers, employees and customers.

8. How involved do you want be in the daily operations of a business? For how long?

9. What type of work do you enjoy? What skills, expertise and experience do you already have?

10. How important is job security? Are you looking for steady income? What level of income do you need to cover personal financial obligations?

December 18, 2008

The Small Business Recession Survival Guide

The system call is darkening and galore bitty businesses are going to attempt. But there is outlook: The Small Business Recession Survival Guide is a footloose weekly resourcefulness for small business owners who requisite techniques and ideas to meliorate them recession-proof their activity.

For small business owners, entrepreneurs, and freelancers, the incurvature is a proper danger – a business-dooming danger. Consumers may pay fewer during a ceding but it’s the miniature businesses that give perceive the nonindulgent business effect in their merchantman ancestry. Worsened yet, millions and zillions of self-employed people are relying on those diminishing revenues for their livelihood.

To neutralize the design that small businesses are unlucky, the Small Business Recession Survival Guide was created. It was fashioned for entrepreneurs and tiny acting owners who impoverishment those resources and techniques that module serve them transform their struggling businesses into projectile and productive businesses even in these melodramatic system times.

Visit here for the free subscription to the Small Business Recession Survival Guide.

September 4, 2008

SMART Goal Setting Technique

One thing I can always remember on my Business Essentials and Administrative Purposes (BEAP) subject is the importance of setting specific goals for your business. There is actually an acronym for us to remember it easily. The acronym will serve as a guideline on to how we should set our small business goals. The acronym I am referring to is SMART.

He stressed out in our class to ensure each of our goals follows the SMART concept. SMART means:

  • Specific
  • Motivational
  • Action-oriented
  • Relevant to your situation
  • Time-bounded

Knowing the actual meaning of the acronym SMART, do you think it does made sense in setting goals for our small business? Well for me, it is. What’s your view? Just share your views in the comments section. Thanks in advance!

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