As a small business owner, you are a natural optimist and risk-taker. But, have you crossed the line that separates optimism from delusion?
Being hopeful is easy—in the short-term. Wishing for less demanding customers, more motivated employees, and more cash in the bank requires far less intellectual work and emotional effort than making an honest assessment of your business.
March 21, 2011 – We all know getting a business off the ground is a daunting task. Selecting a name, creating a business plan, and choosing services are only the beginning. There are also tax and business laws to consider, office equipment to purchase, and hundreds of other hoops you need to jump through before you even see your first customer.
March 7, 2011 – According to the latest data from the Bureau of the Census, there are roughly 5.9 million businesses in the U.S. Virtually all of these can be considered “small.” Only 18,469 (or less than one-third of one percent) have more than 500 employees. Even getting to several dozen employees is a feat worth of recognition: over 89 percent of businesses have 20 employees or fewer on their payroll. Despite the diversity in industries, resources, location ,and stage of growth, “the 89 percent” have one thing in common: you.
As you work to stand out from the crowd, your reputation for expertise counts. A well-crafted, informative book, authored by you, can give you the competitive edge. For most small business owners, book authoring isn’t about making money. It’s about sharing knowledge, archiving important lessons, and, for some, making the world a better place.
Many entrepreneurs leave a secure job to run a business. When you do this, you move from earning a regular income to earning a more haphazard income, which can make personal budgeting difficult. The haphazard nature of business income is one of the risks of running a small business.