tag:blogger.com,1999:blog-9625317482044795682024-03-08T02:06:53.783-08:00Triangle Business JournalAnonymoushttp://www.blogger.com/profile/11882988455872303043noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-962531748204479568.post-64623809856713478212017-04-06T13:05:00.000-07:002017-04-18T13:08:30.121-07:00What’s the Safest Way to Start a Business in 2017?<div class="separator" style="clear: both; text-align: center;">
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The general consensus across the board is that the US economy is continuing its slow but steady rise from the Great Recession that started in 2007. Of course, that entire sentence is loaded with important qualifications: “general consensus”, “slow but steady”… what does it all really mean? Basically, as you probably already know if you’ve found this article, the climate for startups and successful business ventures has never been a sure thing. In fact, it can be downright risky.<br />
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Everything you know is wrong.</h3>
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An article by Jim Clifton, CEO of Gallup, came out earlier this year with some really sobering statistics from the polling experts themselves. It was called, “American Entrepreneurship: Dead or Alive?” and I strongly recommend reading it when you have a few minutes.<br />
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The Cliff Notes version, however, is simply this – many of the statistics you hear touted on TV and published online regarding the recovery of the US economy and specifically about US entrepreneurship are misleading. The actual facts show that, although the economy is certainly in a better place than it was several years ago, starting a business and keeping it alive is not as easy now as it was prior to the recession.<br />
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This is a bitter pill for many optimistic and excited entrepreneurs to swallow when they pour their heart and soul into a great idea only to find that the money dries up before the business takes off. At this point, although there are tens of thousands of businesses starting up all over the country each year, there are actually a higher number of businesses failing during that same period, so the net outcome is negative.<br />
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But there is a safer way.</h4>
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But that’s quite enough with the doom and gloom because the fact is American entrepreneurs ARE still succeeding in building and growing small businesses all over the country every day of the year.<br />
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What we’re finding, though, is that many of them are doing so more cautiously and intentionally than they did in years past. An example of this cautious optimism is the incredible rise of what has been labeled the Fampreneur.<br />
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A Fampreneur is an individual who intentionally starts or purchases a business with one or more family members in order to spread the risk and share the rewards. Unlike the more traditional family businesses where one entrepreneur takes the plunge and other family members are more or less absorbed into it if it’s successful, this is an intentional strategy to help ensure the business has a better chance at success over the long term.<br />
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In a survey performed in 2014 by BusinessesForSale.com, respondents who had purchased businesses through the BusinessesForSale.com listing service the previous year were asked whether they were running them as family businesses. 54% said they were. When a similar question was posed to individuals who indicated they planned to purchase a business in 2014, the number who planned to run it as a family business rose to nearly 74%!<br />
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These same respondents revealed an interesting correlation as to intent: of the group who purchased businesses in 2013, a full 70% indicated they did so because “a good opportunity presented itself.” On the other hand, of the ones planning to buy in 2014, over half listed the fact that this was “a buyer’s market” and they were “optimistic about the economy” as the top reasons behind their decision.<br />
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So, this data shows that the average American entrepreneur heading into 2015 was optimistic about their chances of success building a business in the current economy, but were also hedging their bets by heading into the project with family locked in to assist.<br />
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That’s the essence of the Fampreneur mentality.<br />
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It can work for you too.</h4>
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So, where do you stand on the optimism spectrum? Are you eager to jump into starting and running a business? Are you confident you can go it alone? Or are you concerned that the going may get tough?<br />
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Perhaps becoming a Fampreneur could serve as an excellent compromise. Don’t let the fear of risk steal your entrepreneurial dreams. Take deliberate, strategic action and rely on those closest to you to make it work!Anonymoushttp://www.blogger.com/profile/11882988455872303043noreply@blogger.com0tag:blogger.com,1999:blog-962531748204479568.post-50033591423918276932017-03-06T13:07:00.000-08:002017-04-18T13:08:18.858-07:00How to Get Ahead in Business with Simple Mind Techniques<div class="separator" style="clear: both; text-align: center;">
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Who says only CEO has all the power to influence people? In any organizations even those at the bottom of the rung can exert considerable influence as long as you know the right people and have right techniques. Simple strategies can help you get others do whatever you want them to do without having them even realize it. No, these are not dark arks intended to harm someone, but are psychological methods you can use to your advantage.<br />
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Want to be more successful at work and life? Then here is what Steve Liefschultz suggests you do.<br />
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Nod</h2>
There is scientific evidence that if people are nodding along as they listen to something, there is a greater probability of them being in agreement with it. Adding to this, scientists also observed that if someone is continuously nodding while speaking, then the recipients will also start to do the same. Mimicking behaviors, particularly ones with positive meanings, is a well-known human trait.<br />
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What you need to do is to nod frequently without being awkward to make your argument extra convincing. The person in front will be persuaded automatically. Try it the next time you ask a question or a favor.<br />
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Name</h2>
How do you make friends with someone and get them to like you the instant you meet? The easiest thing you can do is to include their name during the first five minutes into your conversation. Again, avoid the awkward and make it sound natural to be effective. Phrases like “hello (insert)” and “nice to meet you (insert)” will resonate with them positively such that they will feel inclined to prefer the person who validated their existence over another.<br />
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Also, for someone who wants to be closer to can be influenced likewise can be worked in simply by calling them “mate” or “friend” whenever possible.<br />
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Favor</h2>
Also referred to as the Benjamin Franklin effect, the theory is pretty much summed up by the celeb quote itself: “he who has once done you a kindness will be more ready to do you another than he whom you yourself have obliged”. From financial or business perspective, Steve Liefschultz has been surprised people to note people use it inappropriately often.<br />
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Get people to do something for you and they are going to be viewing you more kindly than they did before. That is because they will rationalize why you are worth doing the favor for; do justifications like “I like her” and “he’s my friend” ring a bell? Just as they made you oblige to do the errand, thinking you must like them, these will get you the desired help as well make other parties like you more too.<br />
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Smile and Eye Contact</h2>
Want to change the environment to one where you feel comfortable in? Smile before you even walk through the door. It is going to warm you up as well as put others who smile back without thinking in a good mood. Standing along with a group of people and laughing together? Make sure you maintain your eye contact with the person you feel – or want to feel – closest to. The gesture shows you are beginning to trust and hence bond with the other person.<br />
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It’s essential that you don’t overuse the eye contact to the point it becomes creepy and aggressive or even underuse it to be perceived as shy, disinterested, or embarrassed.Anonymoushttp://www.blogger.com/profile/11882988455872303043noreply@blogger.com0tag:blogger.com,1999:blog-962531748204479568.post-7804491911541495912017-02-06T13:09:00.000-08:002017-04-18T13:09:50.689-07:004 Tips for Succeeding in Business<div class="separator" style="clear: both; text-align: center;">
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<br /><br />Let’s face it! Starting and running a small business is inherently risky. Number of things could go wrong at any point – you may run out of cash, another large competitor could move in your space, customers may not like your new product. The list can go on and on. According to SBA show that only 50% of new businesses survive 5 years or more. And yet, every year large number of entrepreneurs jumps in to try their luck. You do not have to be one of those 50% businesses that fall in the failure category. With proper planning and execution you can succeed in building a lasting business. Here are just a few ways to increase your odds of securing fame and fortune in the business world.<br /><br /><br /><h2>
Know What You Want</h2>
Why are you going into business in the first place? What’s your primary goal? Some people want to change the world with their products or revolutionize the industry with their services. Others are simply looking to make a profit. There’s no right or wrong answer when it comes to your personal desires; just make sure you’re being honest with yourself about your intentions before you actually invest capital in them.<br /><h2>
Learn How to Delegate</h2>
This is especially critical if you’re hiring employees or outsourcing some of your work load to others. You probably won’t have enough time to make every decision yourself, so you’ll want to hire others that you can trust to make these choices when you can’t. If you don’t respect them enough to complete these tasks, you shouldn’t have gone into business with them in the first place. Learning to delegate is probably one of the most important skills you need to learn as a business owner.<a name='more'></a><br /><h2>
Equip Yourself</h2>
No one can succeed without the right tools. Depending on your industry, they may come in the form of software, office equipment or something else that’s important in your field; the specifics don’t matter as long as you know what they are. There’s nothing worse than starting a project and then realizing that you don’t have the necessary tools to complete it, so make sure you’ve gotten all your tax forms and invoicing programs in advance. Check out sites like Street Invoice to learn more.<br /><h2>
Shrug off Your Failures</h2>
Everyone makes mistakes. It’s inevitable. No one is 100 percent right 100 percent of the time. The most important thing is realizing when you’ve been foolhardy and taking the necessary steps to correct it. Don’t fall into the trap of thinking that you can fix everything; sometimes the wisest thing you can do is cut your losses, learn from the failure and move on. This will save you time and energy going forward.<br /><br />If you’re serious about succeeding in business, these are just a few ways you can improve your chance of making a name for yourself. Whether you’re joining Wall Street or just starting an online candle shop, let these ideas serve as inspiration for your future.Anonymoushttp://www.blogger.com/profile/11882988455872303043noreply@blogger.com0