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Suggest You - Entrepreneurs - 9 Top Mistakes to Avoid
If you’re still dreaming about raising outside capital for your business before you have any paying customers, I’ve got a nice big bucket of ice water to throw on you. Wake up! The cold reality is that investors aren’t interested in your business idea unless you can demonstrate that you’ve got customers who are actually willing to buy. Before you try raising outside capital, you should focus on building your Customer Capital.Customer capital is the value you create for your company and your idea by getting real customers to buy your product or service. Let’s take a look at why customer capital is so important in the early stages of a business.Paying customers validate business modelsEven the most cynical investor will agree that a paying
How may you take more t
A recent piece at Buddytv.com asked ‘Has 24 become too preachy?’, perhaps a better question is “Is 24 enough?” Ever since 24 debuted it has been decried for its handling of ethnic stereotypes, particularly those of the middle eastern descent. Is 24 just getting it wrong? Is the public too critical of 24? Or is 24 actually hitting it on the head?Unfortunately in times like this, people exist with the feeling that there is danger lurking around every corner. Jack Bauer and his 24 cohorts are perfect heroes for this paranoid age. An age of suitcase nukes, biological weapons, and dirty bombs. Taking this into consideration, isn’t the best way to handle these plots with archetypal characters?A show like 24 treads dangerously close to exploitin
When setting up a business, you can get so overwhelmed with the administration that you don’t focus on building up your network. Networks can provide a way to catapult your business forward through referrals, joint ventures, or providing industry knowledge. Networking does not need to be through formal events but can come in many forms. Even using websites to become aware of who and what is out there is useful. Giving time for self development and training activities to grow your skills, can be one area that is given a lower priority which can often lead to unwise decisions.
How may you take more ti
Starting a California LLC is easyAs a new business owner you will want to make sure that you follow all local, state and federal laws. You will need to ensure that you properly withhold all appropriate employer taxes and make required tax deposits on time. But this is just the half of it. To do it right, you will want to make sure that you setup an LLC. We have put together a quick list of steps to get you started in forming your LLC in California.LLC Filing Tips1.) Select a name that is available in California. The state requirements in California. The name must end with the words “Limited Liability Company,” “Ltd. Liability Co.,” or the abbreviation “LLC” or “L.L.C.”2.) File the appropria
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Do you have clients that take 30, 50 or 60 days to pay their invoices? Although having slow paying clients is expected in today’s business environment, they make managing cash flow a very difficult task. Paying suppliers, salaries and rent becomes a challenge.However, there is a way to solve this problem. The solution involves factoring your invoices.Factoring is a financing tool that allows you to get your invoices paid in as little as 2 days. It provides your company with the necessary capital to operate the business, pay suppliers and grow. However, factoring is not a business loan. Rather, factoring involves selling your invoices at a discount for immediate cash. The factoring company waits to get paid, while you get immediate use of the fun
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In any job, as time goes on, it can feel like you are being pulled from every direction. You are doing the best you can and seems like it is still not enough. It’s easy to feel like you are falling behind and will never catch up. And if you do catch up, there will be no keeping up, let alone make time available to truly excel.It is easy to get overwhelmed with things big and small, lose perspective on what’s important and let the proverbial straw break your back. After the 20th email, the tenth phone call, the 4th “IM” and the sixth decision you are asked to make today, it can feel like me
How may you take more t
I think it's GREAT that you are ready to break away from 'the Man' and start your own business! My hat goes off to you! But, I do have a bone to pick with you first! What tools does your corporate job provide you that helped make you successful enough in the first place? Do you get unlimited administrative support? Do you have access to a large database of information that you may take for granted? Or, do you have an intranet/file management system that you rely on everyday that you couldn't live without? There are probably hundreds of other tools that your corporate job provides you that helps you do your job that you might not even realize. Let's take a look at possible solutions to the madness!When I was looking at leaving my job as a Recruiter to s
How may you take more time to mix with people who you think can contribute to your business?
How may you increase the priority given to grow your skills?
2. Not Having an Overall Marketing Strategy
Instead of developing a comprehensive plan that has been thought through and well researched, many entrepreneurs just dive in with a few good ideas, using a try and see approach. Often these ideas are not suited to your niche or business type, or it is the wrong timing for the stage of growth you are at. Working fro
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