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Both new and veteran small business owners can benefit from knowing a little more about maximizing deductions and getting a better handle on tax time. Whether you are a small business owner who scrambles every year at tax season to substantiate deductions and report all expenses or you are a small business owner who is organized and ready for tax season time and again, you will appreciate at least one of these six tips for making tax time easier for small business owners. Read More 6 Tips for Making Tax Time Easier for Small Business Owners

Entrepreneurship Finances Small Business

Entrepreneurship Small Business

sportstank

The great thing about entrepreneurship is that you can take an idea and turn it into a vibrant business if provided with the perfect opportunity to flourish. Today’s world is passionate about entrepreneurship and people are always looking for the next great idea that will capture attention in the marketplace. If you have a great idea that can be validated in the marketplace, then you can probably find investors who are willing to put money behind your startup in order for it to grow rapidly. Read More Sports Tank for Sports Startups

Entrepreneurship Startups

reasons small businesses fail

 

It can be hard to get an accurate temperature of the small business climate. Some experts will tell you that small businesses are doing quite well; while others will say small business owners are struggling. The inconsistencies of information being put out will make a person wonder if it is worth it at all to become a business owner.

There are arguments about the tax code being too hard on small businesses.

There are arguments about the economy being too slow for small businesses.

There are arguments about small businesses having a lack of resources and support.

While these arguments may be valid, they are not the end and be all that determines a business’s ability to perform within the marketplace. The ultimate determining factor that leads to a business’s success is the business owners ability to develop the strategic process which will produce successful results.

I say this because I have encountered many business owners who do not understand how to develop a profitable business. For one reason or another, they have missteps within their business operations which cause their business to lack sustainability. As these missteps go unchecked, they continually erode overtime, leading to a business which can’t avoid failure. Read More 4 Reasons Small Businesses Fail

Entrepreneurship Leadership Small Business Starting a Business

Cincinnati Bengals Leadership

This past weekend, The Cincinnati Bengals had the opportunity to finally get over their playoff slump by getting out of the first round of the playoffs. With less than 2 minutes left in the game, The Bengals had the ball and all they had to do was manage the clock until it ran out. But instead The Bengals became their own worst enemies with a major collapse of focus and discipline.

The problems began with a costly fumble by The Bengals that gave The Pittsburgh Steelers the ball back with little time left on the clock. Then came 2 very bad penalties by Bengal players, caused by lack of emotional control, that put The Steelers in the position to kick the winning field goal to secure the win.

What happened? How could a team that has never won a playoff game be in the position to win and let it all slip away due to their own errors?

It is because The Bengals lack real leadership. Read More Leadership Lessons From The Cincinnati Bengal’s Collapse

Entrepreneurship Leadership Small Business

onlinetools

If you have followed my writing on Huffington Post, you would know that I have written a few articles that demonstrate how to grow your business online. The article topics include:

Using social media influencers to grow your business

The importance of having your business online

How to implement good SEO tactics

 Why you must create a website that sells.

All of those post have received positive feedback, so now I want to bring everything together, in order to help you put together an effective plan of action that enables your business to have significant growth online.

Putting all these different components together creates a system of various actions, working together to deliver greater results towards your business’s growth online. This is very important because you need for your business to be a constant presence within its target market. And this can only be achieved through a continuous stream of messages and information that lead to engaged interaction.

The key for great results is to focus on consistency mixed with providing real value. Following this criteria helps to establish your authority because you become a constant presence who people learn to identify as an expert when it comes to a particular topic. Read More How to Grow Your Business Online

Entrepreneurship Online Business Small Business

evaluationanddiagnosis

We all go into a new business venture with the hope that it will be successful. But any successful entrepreneur will tell you that an important aspect of success is learning to accept and manage failure; there may likely come a time when you have to decide whether to push forward against the obstacles, or when it is time to throw in the towel on a failing enterprise and cut losses so you can move on to your next venture. A good entrepreneur knows how to make this decision effectively.

Someone once said, “If you are going to fail, fail early” and there is truth in this adage. Learning to accept when the time has come to let go can help you identify challenges and work through solutions in the future. There is some merit in learning how to fail, and paradoxically, these experiences groom you for future success as an entrepreneur.

Some straight-forward questions can help you diagnose the success of your company, and inform your decision regarding when to move on. Honest responses to the following five questions can help predict the future potential of your endeavor. Read More Failing or Succeeding? How to Diagnose Your Company

Entrepreneurship Small Business