What is one of the first things people say you need before going into business? A business plan. The basis of this statement is that the business plan is supposed to be instrumental towards guiding your business’s growth path. Also, the business plan is supposed to establish that you are serious about your business and have put a great deal of thought into its existence. It is the traditional method that is still is still accepted in conventional society even though entrepreneurship is supposed to be unconventional. Read More The Strategy Plan vs. The Business Plan
In the last post I covered how to step into part-time entrepreneurship (Do You Want to be a Part-Time Entrepreneur) and now it’s time to cover how to manage the transitional period. The keyword to focus on is part-time. This means your time is being allocated in other areas outside of your entrepreneurial endeavor. When our time and focus must be split in multiple directions, we lessen the efficiency of our potential output. As an entrepreneur efficiency is your #1 component and is something I have just recently written about (Entrepreneur Efficiency). The situation at hand though is that you are part-timing so you must learn the art of strategic allocation. Read More Balancing Your J.O.B., Entrepreneurship & Life
Recently, for the past several weeks I had been in a serious slump. Simply, things were not going as I wanted in both my personal and business life. Personally I was not able to do things I wanted to do and felt the pressure of meeting personal obligations, e.g. BILLS. This setback was due to a slowdown in business, which can dramatically impede all other areas of your life as an entrepreneur. And that is what was happening with me…I was in a bad slump that simply made me unmotivated to do anything. That is a terrible space to be in for an entrepreneur because we must always remain focused and productive in order to survive. Read More Coming Back from a Slump
Many individuals enter the world of entrepreneurship with the wrong intentions. Most people confuse entrepreneurship with the freedom of having no accountability, they can do as they please. This sort of belief will doom your entrepreneurial endeavor from the very beginning. In entrepreneurship there is no half stepping. You are either all in or you are just acting like you are doing something when you are really playing the role. Read More Treat Yourself Like a Business
It is a question that constantly resonates in your mind; What makes an entrepreneur? You always hear about entrepreneurship and how to possess an entrepreneurial mindset but it still seems like a foreign concept to you. You are interested though, interested in exploring the world of entrepreneurship. Entrepreneurship seems so sexy and rebellious because you are doing what you want to do, rather than what you are told to do. Now you anxiously want to be an entrepreneur but do you actually know what makes an entrepreneur?
Well let me tell you… Read More What Makes an Entrepreneur?
It’s approximated 7 billion people live in this world. How many of these people do you think actually contribute to the economic productivity within this world? Definitely not all, but does even half of the population have a significant contribution towards the economy? No, not even half. The world does not operate in this manner, and due to that fact only a small percentage of people have the opportunity to explore the abundance of this man-made world. The rest of us just get to sit back and wonder what if… Read More How to Create Your Own Economy