At Entrepreneur Media’s 5th annual Growth Conference in Dallas, entrepreneurs Limor Fried, Jason Lucash and Bryan Silverman were each awarded the publication’s top honors and were asked to share some insights with our readers. Here’s the advice they had for aspiring business owners:
Starting your own business is a great achievement, but it can also be a solitary one. As the “Chief Everything Officer,” everything rests on your shoulders—sales, marketing, business admin, information technology, taxes, accounting and keeping pace with business laws and regulations. Whether you are a solopreneur or in a business partnership, there are some things you are going to need to outsource as soon as you can afford to. Here are four things you should consider outsourcing to an expert.
While we entrepreneurs feel that we have the ability to conquer just about anything, attempting too much change at once can often set us up for failure. Though we can learn from failure, let’s take a more reasonable approach and start with finding a bit more work/life balance from the get go. There are 3 easy tactics you can implement and you’ll immediately start realizing the benefits of being able to better balance your life and work.
When a company unveils a service or product, they want the public to be equally as excited as they are, but forcing excitement with words alone won’t do the trick. The product has to live up to the hype. Following are some of those excitable words that will elicit one guaranteed reaction from readers—an eye-roll. Leave these words out of your next press release:
Many businesses have a lot of success with e-mail marketing. Here are five reasons why e-mail marketing should be a valuable tool in your arsenal as well.
A successful business relies on three major components: people, processes and resources. Business owners focus on the resources almost without fail. When employee behaviors match expectations, the company will be successful. So, how can we make sure employee behaviors match expectations? This is where processes come in. Including well-defined processes in the business environment is the surest way to setting the conditions for success in any business model.
No matter your company’s size or industry, it’s essential to have a strong website. If you’ve got a product or service to provide, you want people to know about it. A strong Web presence helps ensure that your customers can find you, recognize you, respect you, know what you have to offer, and give you their business.
for many small businesses, one of the most powerful elements in achieving success is a successful team. Successful teams empower, challenge and motivate employees to learn, grow, achieve and invest in the success of the business. They also make for happier employees and bolster retention rates.
When you start a business, it is always useful to create a board of advisors. A board of advisors is a group of business people who can help you with your company, by providing advice you may be missing from key roles or staff. Such a group may include accountants, lawyers, marketers, or other entrepreneurs in later stages of company development.
A short bio honoring Bill Bearding, a valued SCORE Mentor. Bill has been a Greater Phoenix SCORE Mentor since 2004. He has accumulated impressive credentials in marketing, human resources and consulting.
You may not be able to juggle all the responsibilities of a new business single-handedly. Although right now you may not be able to afford to hire full-time employees, you can still assemble a “crack” team of passionate friends, family members, outside contractors and interns who would be willing to accept equity or experience as compensation. Here’s a mini-guide on what to consider when hiring family, contractors and interns.