If boys are made of snails and puppy dog tails and girls made of sugar and spice, what are entrepreneurs made of?
What are the skills or qualities that a successful entrepreneur needs to create and run a business?
Despite the pressure and stress of being your own boss, it should also be something that you enjoy.
Starting a business can be both exciting and scary - that early enthusiasm can sometimes blind you to the risks that won't ever happen to us.
Although there is a great deal of good quality information about starting a business, individually but it can be a struggle to apply all that theory.
The question of how to name a company is one of the most important issues facing a new business – and unfortunately is one with no real answer!
You need to have a focus and a direction in running your new business and this will drive you forward to success.
Clients are often surprised when I ask them this question. It is the last thing they've thought of. They have budgeted for a website, business cards and even stock, but have forgotten to plan for their living costs.
A serious initial consideration could be the option to outsource nearly every aspect of your fledgeling business to allow you to focus on the important sales function of selling your product/service into your customerbase.
The outlook is bright for SMEs in the UK, but entrepreneurs need to remember that their own pride and stubbornness can severely restrict their companies' growth prospects.
In my early sales career, many moons ago, a Sales Director of mine, who loved to open his weekly Sales meetings with a short homily once made this statement...
Every New Year brings new ambitions and dreams, and for many of us those dreams can easily fade into the background when the reality of daily life takes hold.
Owning and running a successful business is a dream that is now easier than ever to achieve, and there are now more small business owners and self-employed people than ever before.
Starting a business is a great thing. It will challenge you, invigorate you, and reward you but above all it will make you grow. You'll learn new skills, broaden your understanding of business and give you experiences that you just wont get as part of a large organisation.
As an aspiring start-up, your path to prosperity can feel blocked from the onset. Lacking the huge promotional budgets of the major players, as well as the economies of scale, markets can seem impenetrable.
Nearly half of all small businesses fail within the first two years of operation. The number one reason for business failure is inadequate planning. The second reason is under-capitalization.
Identifying an opportunity or spotting an idea is a great start. However, developing the idea into a viable product or service is
Being new in business and your own industry can be a daunting prospect. It is likely to be heightened when you are young and unknown.