Running a Business
Once your business becomes established, there's a whole new set of challenges you'll face to turn it into something sustainable that's bigger than your personal efforts. Learn more about hiring and managing staff, obtaining second-round funding for growth, and other issues you'll face.
Business Insurance to Protect Your New Company
As you contemplate the prospect of your fledgling business taking off and becoming successful, keep in mind one of the downsides to operating a business: Risk. This is where insurance comes in. Similar to the way you protect your car and home with insurance, you also must protect your business’s assets in the event of a natural disaster, legal liability or any other any other risk you can’t afford to cover.
As you contemplate the prospect of your fledgling business taking off and becoming successful, keep in mind one of the downsides to operating a business: Risk. This is where insurance comes in. Similar to the way you protect your car and home with insurance, you also must protect your business’s assets in the event of a natural disaster, legal liability or any other any other risk you can’t afford to cover.
Joint Venturing 101
Depending on what you want from your business and how fast you want to get there, joining forces to create a more powerful presence in your market may be an attractive option. Joint ventures can help you grow the amount of business you do and the size of the projects you take on without growing the actual size of your business.
Depending on what you want from your business and how fast you want to get there, joining forces to create a more powerful presence in your market may be an attractive option. Joint ventures can help you grow the amount of business you do and the size of the projects you take on without growing the actual size of your business.
Time Is Money
It's an old cliche that we all know and understand, but to what extent do you really apply it in your business? Are you paying yourself too little by doing work that could be delegated and skipping the high-ROI work you could be doing?
It's an old cliche that we all know and understand, but to what extent do you really apply it in your business? Are you paying yourself too little by doing work that could be delegated and skipping the high-ROI work you could be doing?
What Warren Buffett Looks for in a Company
What's the number-one attribute Warren Buffet, arguably one of the most successful investors in the world, looks for in a company? "Sustainable competitive advantage," he told an interviewer. If one of the most successful businessmen of today puts this at the top of his list, you should too.
What's the number-one attribute Warren Buffet, arguably one of the most successful investors in the world, looks for in a company? "Sustainable competitive advantage," he told an interviewer. If one of the most successful businessmen of today puts this at the top of his list, you should too.
Using a Private Mailbox
If you office from home, you may want to consider using a private mailbox. And while most people may think of going to the post office for a post office box, using a private mailbox provider offers additional advantages for small business.
If you office from home, you may want to consider using a private mailbox. And while most people may think of going to the post office for a post office box, using a private mailbox provider offers additional advantages for small business.
Solving the Million Dollar Mystery: 4 Steps To Create A Turn-Key Business
Many entrepreneurs have built a successful business but been unable to really enjoy it because the business can't run without them. They end up trapped by their own success. It's also hard to sell a business that relies heavily on the owner just to function. And you can forget about running multiple businesses if you can't get them to the point that they run themselves day-to-day. Guest author Stephanie Frank lays out 4 simple steps to stop doing everything yourself and start delegating.
Many entrepreneurs have built a successful business but been unable to really enjoy it because the business can't run without them. They end up trapped by their own success. It's also hard to sell a business that relies heavily on the owner just to function. And you can forget about running multiple businesses if you can't get them to the point that they run themselves day-to-day. Guest author Stephanie Frank lays out 4 simple steps to stop doing everything yourself and start delegating.
Three Ways to Grow Your Business
With all of the latest and greatest concepts, seminars, webcasts, and "How-To" books vying for your attention, you would think that growing your business was as complicated as building the space shuttle. The fact is, there are only three ways to expand business.
With all of the latest and greatest concepts, seminars, webcasts, and "How-To" books vying for your attention, you would think that growing your business was as complicated as building the space shuttle. The fact is, there are only three ways to expand business.
Growing Pains: The Need for Organizational Change
When an organization has not been fully successful in developing the internal systems it needs at a given stage of growth, it begins to experience “growing pains.” Growing pains are symptoms that an organization needs to make a transition. This article examines in detail the most common organizational growing pains.
When an organization has not been fully successful in developing the internal systems it needs at a given stage of growth, it begins to experience “growing pains.” Growing pains are symptoms that an organization needs to make a transition. This article examines in detail the most common organizational growing pains.
The Innovator's Dilemma
That great idea that you based your business on has been incredibly successful, but is also starting to become mainstream. You know you need something new to maintain the competitive edge, but your company's branding and even your personal identity are tied up in that first innovation. So what do you do? Welcome to the innovator's dilemma.
That great idea that you based your business on has been incredibly successful, but is also starting to become mainstream. You know you need something new to maintain the competitive edge, but your company's branding and even your personal identity are tied up in that first innovation. So what do you do? Welcome to the innovator's dilemma.
Professional Management vs. Entrepreneurial Management
Your About.com Guide to Management looks at the decision most entrepreneurs eventually face of relinquishing control to a professional management team.
Your About.com Guide to Management looks at the decision most entrepreneurs eventually face of relinquishing control to a professional management team.
No Exit Ahead?
A leading venture capitalist offers his tips on growing slower -- and smarter -- in today's tough economy.
A leading venture capitalist offers his tips on growing slower -- and smarter -- in today's tough economy.