·          Compassion. You need to do something you enjoy. You’re not productive if you hate what you are doing.
You’ll be Happier with less stress.
·          Competitiveness. You need to find recognizable products everyone uses. Helps build customer loyalty and instant repeat customers!! Each customer can be worth […]

Owning a business, however small, can be a way of expressing oneself in front of the world, and one of the best ways to build your own self esteem. Regular paid jobs kill your creative instinct by making you bend to your boss’s will, but your own business allows you have things ‘your […]

1.       Be Specific.
If your instructions are clear and unambiguous you have a good chance that they will be carried out correctly.Â
2.       Be Fair
If you praise or punish, make sure your appreciation or lack of it is understood and that you are consistent in your approach to all staff.
3.       Be Public.
Corridor politics and […]

After you have owned your own small business for a while, you know how to run it. You’ve probably done everything from answering the phones to hiring a general manager, and you can claim to know your business inside and out, in general and in detail. In case there’s any operation you can’t personally undertake, […]

The simplest way is to set a goal. Otherwise, you will be second guessing whether your launch was successful or not.  For example, let’s say your goal is to launch a new beverage that will be the market leader in the non-alcoholic drinks industry.  Or more specifically, or objective is to obtain a […]

Budgeting is one of the most vital part of goal-setting for your small business opportunity. Â
Budgeting is more than putting numbers into your spreadsheet after you have made your business plan.  It is distinctively not an activity to be done only for a few days and then totally disregard later.  Instead, it should […]

When planning the funding requirements of a business, it is more important to forecast what cash you are likely to need to run the business than to determine the profitability of the business.  That is not to say that profit, the difference between sales and costs within a specified period, is not a […]

Why do you need a lawyer to grow? It’s generally worthwhile to consult an attorney before making any business decision that could have legal implications. These decisions could include setting up or altering the terms of a partnership or corporation, checking for compliance with regulations in new locales where you hope to do business, negotiating […]

After you have owned your own business for a while, you know how to run it. You’ve probably done everything from answering the phones to hiring a general manager, and you can justly claim to know your business inside and out, in general and in detail. In case there’s any operation you can’t personally undertake, […]

A good budgeting system is one that gets everyone in the business involved in the budgeting process—from the business owner and key people all the way down to the employees.  This is because budgeting is a very vital part of goal-setting for the business.  The method can eliminate a lot of confusion and […]