Effective Competition in an Industry Subject to Disruptive Technologies
To effectively compete in an industry subject to the influence of disruptive technologies Michael Porter’s five forces model of industry competition is adapted to include virtual competitors. These are companies that do not yet exist but are likely to be created because of a superior business model that incorporates the new technology.The Success of the Startup Is All About PEOPLE!
I’ve done a few startups. The biggest lesson I have learned over 20 years is that you cannot build a successful startup business without the right people. I have met many entrepreneurs who believed capital was the most critical factor in building a prosperous startup.Wyatt Yeager: Diamond Mine Exploration
As a valued advisor for programs throughout Africa and South America, Yeager established a new standard for diamond exploration and mining techniques. He’s known for creating engineering and fabricating mineral recovery equipment that’s considered some of the best in the field of mining.What Is Business Compliance?
How do you line your business up correctly? All banks and lenders have a model of a business they want to lend money to, do you fit that model? Find out how.What Is a Cash-Flow Forecast and How Do I Use One in My Business
This is a document to show the reasonable projections of income and expenditure for your business. Whilst you cannot expect a business to accurately follow the forecast, it is a very useful tool to predict likely financial problems that the business might encounter and enable you to plan for them. One very important point to note at this stage is that a cash flow forecast is not a predicted profit and loss account, it is a prediction of the flow of money in the business.How To Create A Business To Last A Lifetime
It’s no secret that in this day and age keeping a small business open and thriving is not an easy task to tackle. You have to overload yourself with knowledge in order to be a success and remain fresh to your target market. Here are some initial steps to create a successful business.Do I Need a Business Plan and How Do I Prepare One?
Before you start your business you need a business plan. Lots of people start businesses without a business plan and its no surprise that the vast majority of new businesses fail in the first three years of opening. When people say to me that they don’t need a business plan its all in their head, I always ask them how a bank manager, potential landlord or investor might think of their professionalism if they cannot produce a business plan that is well written and looks like some effort has been put into its production.Dark Horse Brewery, Gunbarrel Brewing Company, Rogue Ales – What’s in a Name? Hard Work
Do you want to open a microbrewery? Before you develop your business plan and seek potential investors — what will be your biggest challenge? Choosing a name.How Do Leaders Perform the Best When Using the Laws of Attraction
Our world is governed by our thoughts and how we desire to fulfill our dreams and goals. Thoughts without actions are just unfulfilled dreams that remain in our subconscious for a number of years without being addressed. We control our direct environment with the thoughts we create within ourselves. Many leaders utilize the positive thought principle to properly motivate their staff for greater productivity. Anthony Robbins, the icon of in the field of organizational leadership and performance abide by the Law of Attraction to bring in wealth and success to all his clients. This Law is very powerful and aid many CEOs and leaders to maximize the potential of the law to keep their organization competitive in the market by having a team of individuals sharing the same vision and ensuring growth for many years to come. This Law can’t function without proper understanding and potential pitfall it can create. Without proper action, the law can remain invalid. How can leaders adopt the principle of “thought become things” within the realm of their organization and motivate their staff for greater achievement? How can the Law of Attraction be applicable in every aspect of someone’s life to insure success and happiness?Cash Flow Planning and Business Funding
Funding for businesses will typically be a consideration at the start-up stage. It may also be an issue once the company is up and running either to smooth out cash flow peaks and troughs identified in your cash flow forecast or alternatively when unforeseen cash crisis issues arise.5 Steps to Overcome the Employee Mindset: Are You Still Thinking Like an Employee?
Transitioning from employee to entrepreneurship requires some specific skills and tools. In this article I share 5 key principles to ensure a smooth transition. They are: financially investing back into the business, embracing change, awareness of your role, having a positive sales attitude, and being a life-long learning agent.Using Gleicher’s Formula to Overcome Self-Limiting Beliefs
There are many self-limiting beliefs that we can have and they can be viewed as the inner reason for false and limiting views of our potential. Since many of these beliefs can be based upon ‘wrong facts’, they prompt us to proceed in life with undue caution and often resistance.How Sports Made Me A Perfect Fit To Be An Entrepreneur
We all played sports when we were kids. Whether it was outside of school or on the play ground, sports were an essential part of life. Little did we know, they were shaping us into the individuals we are today. Not only did we learn life lessons, but they also taught us how to thrive as an entrepreneur. Read on to find out why you would be a good entrepreneur if you love sports.Start to Manage Your Business Expenses Not Just Your Sales
It is surprising how many businesses owners do not monitor the expenses incurred by their business and ensure they are getting best value for money when purchasing products and services. Many business owners are too busy working in their business and carrying out the day to day operations of what their business entails that they don’t take the time to work on their business. As time goes by your suppliers increase costs gradually and unless you analyse these incremental increases it is very easy to not realise that they have become expensive.Why Some Entrepreneurs Succeed More Than Others
The in depth research has shown that there are distinctive differences between those entrepreneurs who thrive and succeed and those that don’t. By implementing these simple strategies that I share in this article you will become fully aware of the difference between the two and by adding some small habits into your daily life success in inevitable.