Entrepreneurship


      By now you have learned the disturbing news involving the now widely reported Equifax data breach affecting over 143,000,000 consumers. To put the massive size of this breach in perspective, there are about 326,000,000 people in the United States. While the credit reporting agency announced the breach on September 10th, the breach actually occurred July 29, which means sensitive data from about half of the U.S....

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    During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral. If you are a startup business, what will set you apart from the rest is having a plan then having the discipline to act on it. Mistakes are part of the growing process....

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  Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive in the marketplace you must make some changes in the way business has been conducted. Here is the business pruning checklist that will improve your bottom-line and...

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Prior to conducting any business venture, be it opening a business for the first time, launching a new product, or even increasing your prices it is essential to conduct market research to ensure you get the result you want. If you fail to carry out due diligence within your market research you may end up making a mistake that will cost, you both money and time. Market research is one of the efficient and cost effective ways a...

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    Managing your cash flows regardless of the condition of economy of the country and size of your business is critical for the survival of your business. Managing cash flow in your business is an important activity to ensure that you can pay your expenses in a timely fashion and reduce the need to borrow to finance your operations. One of the critical areas of business operation that affect cash flow is accounts...

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