As an entrepreneur who’s about to start their own enterprise or wishing to grow it, a financial plan, which includes funding for the business, is a critical step and a required element of the business plan. There is no question […]
A unique value proposition (UVP) is what potential clients ‘perceive’ that you offer that they cannot get from another company. The word ‘perceive’ is important since people make most decisions on emotion and justify their decision with the facts that […]
Performance evaluation and coaching can be the most difficult job for an owner, especially a small business owner who has limited HR experience. The fact that many owners bring friends and/or relatives into their organizations can be even more difficult […]
One of the biggest challenges in partnerships is ‘who does what’. A valuable tool to assist in identifying, separating and prioritizing roles for the partners sort in a constructive manner is what can be called the Role Clarification Model. This […]
Depending on the position you are trying to fill, there are many ways to find the right employees. Your network and the network of your network is often the best way identify quality candidates with the least cost and even […]
Under most circumstances, people change companies when there is a combination of dissatisfaction with or reasons to leave their existing company (Push) and things that are more attractive in another company (Pull). These often have nothing to do with compensation. […]
Unless your enterprise will be a ‘one person show’, you will need to build an organization. Your direct organization can include co-owners, staff (full or part time), and an Advisory Board. In addition, your indirect organization/network can include mentors, paid […]
One of the most important and potentially challenging steps of starting a business is choosing the name of your enterprise. Naming your business or products is a serious matter. The name you choose can play an integral part in the […]
Developing a good business idea that is best suited for you is at the heart of any startup enterprise. You need to consider how your personality, interests, and strengths relate to the ideas you’re entertaining. This is going to be […]