As any successful entrepreneur will tell you, outsourcing at the right time for your business can help you in many different ways.

 

Outsourcing frees up your time to focus on more important tasks, brings in specialized expertise, and, in the long-term, is cheaper than hiring employees full-time. However, that’s not to say that outsourcing is entirely problem-free – far from it, in fact.

 

When you outsource to another business or individual, there are some critical questions you need to ask them – and yourself – if you want to enjoy a successful partnership. Get it right, and your business could flourish – get it wrong, however, and it could be an expensive mistake.

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Read More Outsourcing 101: What To Look For In A Perfect Partner

Entrepreneurship

What is your ultimate goal as an entrepreneur?

You might say to provide your customers with the best products or services that solve their problems.

That’s a great answer and I applaud your commitment towards being an excellent provider for your customers.

But, what is your end-goal for providing value to your customers?

You want to make money. Not just a small amount of money either. You want to create wealth!

There are many individuals earning large incomes through Facebook, YouTube, LinkedIn, Udemy, and other platforms that place them directly in front of their target audience.

How are they achieving these massive results?

By positioning themselves as an authority!

Authority means the power or right to give orders.

A person’s authority is recognized based on the experience that they possess and the results they have produced.

Based on this criteria, the thousands of people labeling themselves as an authority are deceiving themselves and the public.

Why do so many people participate in this deception?

Because the benefits of being known as an authority in your industry are tremendous! Read More How to Become an Authority

Entrepreneurship

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Thanks to the global economy recovering from the economic meltdown of 2007/8, new businesses are opening up left, right and center, and this is especially true in the restaurant game. Food is universally enjoyed, it is a major source of both happiness and comfort, and something that spans the world, both geographically and culturally. But that doesn’t mean opening a restaurant and getting a slice of the pie is easy.

 

First and foremost, you should never consider opening a restaurant if you haven’t got a passion for the industry; for food, drink, merriment and providing a service. If you haven’t got a passion for it, you will fail. However, passion isn’t enough to see you through on its own.

Read More Secret Ingredients To Make Your Restaurant Taste Like Success

Entrepreneurship Small Business

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Are you sick of tired of going into the office and doing the same job? Do you want to get out of the rat race? Well, becoming an entrepreneur is a good career path. Entrepreneurs are the boss, and they are the only people that dictate the terms. And, lots of them turn out to be insanely successful. But, they only reach this level when they iron out the mistakes. New players to the game don’t always play the game to the best of their ability, which is risky. In the end, one mistake can be fatal. The key is to troubleshoot the errors as and when they occur. To do that, here are the ones to look out for as a newbie.

Read More Don’t Shoot Yourself In The Foot – Troubleshoot The Mistakes

Entrepreneurship

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Once upon a time, being an entrepreneur was a great thing. It might not have been easy, but it wasn’t as hard as it is today. Nowadays, there is so much competition that it’s almost impossible to gain a foothold. Thousands of budding businessmen and women fall at the first hurdle, and you could be one. For obvious reasons, you don’t want this to happen. The good news is that it doesn’t have to if you choose wisely.

 

These are the industries that are healthy for entrepreneurs in the modern day. Read More Entrepreneurial Industries That Are Ripe For Picking

Entrepreneurship

You started a business to make money.

Not just small money either.

You want to get PAID!

You didn’t become an entrepreneur to generate less money than you did as an employee.

It can even be extremely disappointing when you make the same amount of money you did as an employee because you are working 10x harder.

When you earn such a small amount of money, it defeats the purpose of becoming an entrepreneur.

Sadly, a lot of entrepreneurs aren’t making a lot of money.

Being completely honest, a lot of entrepreneurs are struggling to make ends meet every month.

This can be very sobering if you believed that entrepreneurship would enable you to produce a comfortable lifestyle.

You didn’t think that you would be making Bill Gates money, but you believed earning 6 figures was a reasonable goal that could be accomplished.

The problem is that you aren’t currently earning 6 figures. You’re not making anywhere near that amount of money.

You’re a struggling entrepreneur who is struggling to validate your reason for staying committed to your struggling business.

That’s a lot of struggle to deal with! Read More How to Identify & Communicate Your Business’s Value

Entrepreneurship

I used to go to a lot of networking events in the past. At these events, I would meet a lot of entrepreneurs who were in various stages of their entrepreneurial journey.

There were many individuals who were thinking about starting a business, some who just started a business, and a few who were seasoned entrepreneurs.

What would stand out is how many people were struggling in their business. If they didn’t tell you outright that they were struggling, you could tell by how clueless they would come off when talking about their business.

When I say clueless, I mean that their business didn’t seem fine-tuned. They were basically in the process of hoping shit stuck to the wall so they could make a lot of money in the process.

I find it quite alarming how many entrepreneurs depend on hope and wishes to carry their business towards success. I’m not saying hope is a bad thing. We all hope that our businesses turn out to be what we envisioned.

But, hope and a planned strategy are two completely different things.

I used to work within a small business where people would do a lot of talking and hoping, but there was no strategy in place to execute upon what was discussed.

Then when things would not turn out as talked about, everyone was clueless as to why bad results were produced.

Bad results happened because the business sucked.

Why did the business suck? Because it did not operate as a real business.

So many people are playing at being an entrepreneur.  Their struggling business is a reflection of this playful effort.

You can’t suck at being an entrepreneur and really expect to have a successful business. You’re insane if you believe bullshit produces gold.

Sadly, many aspiring entrepreneurs are misinformed about the entrepreneurial process. Their misguided mindset and mediocre work ethic produces a business that sucks

The question you might be asking yourself, “Does my business suck?”

If you have to question the status of your business then it most likely does suck.

But, if you need further confirmation to verify if your business sucks, continue reading to find out exactly why it sucks. Read More 4 Reasons Your Business Sucks

Entrepreneurship