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Casual Articles - Entrepreneurs Understand the Competition
A few months ago a strategic planning exercise led me to ask about the kinds of technology entrepreneurs that I have encountered in the marketplace. Since then, I've done some research into typologies that help with understanding ourselves and others. After I describe my eight entrepreneurial types, I include some quick references into this type of research.My work focuses on helping Entrepreneurs to build and grow their businesses, especially those dealing with software, internet or e-Commerce rela
I remember when I when I first got into the business of renting warehouse space. It happened at the same time I moved across the country so I had to learn all the local ins and outs, as well as a new
Have you been considering buying a franchise or starting your own business? Well, you are not alone and now that you have set your sights on a franchised business rather than starting one from scratch now you must determine which franchise to buy. Guess what? All franchises are not created equally, all company franchise founders are not equally yoked and even franchises in the same category or sub-sector are vastly different.With all that said let me give you some tips into buying into a franchise.
How to Evaluate and Profit from a Business Opportunity - The Entrepreneur's Guide
One of the best ways to evaluate an opportunity is to find out what competitive businesses are doing as compared with the business you are considering. Many areas have local business publications that rank the businesses within an industry; the top twenty-five contractors, or office supply stores, or landscapers, etc. The criterion is usually annual sales, but the information also includes number of employees, contacts and addresses and sometimes even largest clients. Chances are the business you are considering may not be on the list for its industry -- that's okay, if it were it probably wouldn't be for sale.
To determine how the business you are considering is doing you should attempt to do business with Number One. See how you are treated, what additional products or services it offers. Ask about warranties and their return or credit policy. See how free they are about giving you the names of satisfied customers. Call some and ask why they especially like about doing business with Number One.
I remember when I when I first got into the business of renting warehouse space. It happened at the same time I moved across the country so I had to learn all the local ins and outs, as well as a new
If you have a home based business or a family business, you probably cannot afford to hire a professional copywriter to create your advertising. However, you still need to advertise your business, so how can you make it as effective as possible? One thing you must never do is try to create a fancy advertisement. The instructor of a class of students learning to be copywriters said, "Creativity is not a positive virtue for an advertising copywriter. Whether it is a print, on-line or broadcast ad, when you a
To determine how the business you are considering is doing you should attempt to do business with Number One. See how you are treated, what additional products or services it offers. Ask about warranties and their return or credit policy. See how free they are about giving you the names of satisfied customers. Call some and ask why they especially like about doing business with Number One.
I remember when I when I first got into the business of renting warehouse space. It happened at the same time I moved across the country so I had to learn all the local ins and outs, as well as a new
"Tis the season to be jolly!" A great attitude is easy to have when you design your gifts with a lot of thought and don't allow the experience take you to the cleaners. One of the traditions I like at this time of year is remembering all the people that were there for me this past year. Especially those that didn't receive anything in return for it -- in the smallest or largest way. Meaningful gift giving does not have to be expensive. In fact, some of the most precious gifts are the ones
To determine how the business you are considering is doing you should attempt to do business with Number One. See how you are treated, what additional products or services it offers. Ask about warranties and their return or credit policy. See how free they are about giving you the names of satisfied customers. Call some and ask why they especially like about doing business with Number One.
I remember when I when I first got into the business of renting warehouse space. It happened at the same time I moved across the country so I had to learn all the local ins and outs, as well as a new
Recruiting firms, like most businesses today, must embrace technology in order to prosper. Part of modern recruiting is understanding the value and benefit of internet job boards. They give recruiters and HR professionals the ability to both publicize potential job opportunities and search through large databases of prospective candidates. In order to best serve our clients and maximize our time each day, we employ very bright people called “RA’s”, short for Research Assistants. RA’s spend a considerable a
I remember when I when I first got into the business of renting warehouse space. It happened at the same time I moved across the country so I had to learn all the local ins and outs, as well as a new
Set the stage for fantastic job fair follow-up while you are still at the job fair. As the conversation is coming to a close, ask for the company representative’s business card. If he or she doesn’t have one, ask for their name, title, and best way to reach them. Write that information down in your notebook. Thank them for their time and re-affirm your interest in the company and position.Back home, sort through the business cards, company literature, and notes that you made. Prioritize them for fol
I remember when I when I first got into the business of renting warehouse space. It happened at the same time I moved across the country so I had to learn all the local ins and outs, as well as a new business. I remember well seeing the signs offering space for rent and asking the realtors who was the biggest warehouse landlord and learning that Number One had ten times as much space as the company I was working for.
In my training period at the home office, I learned the basics but I knew that each area had it's own peculiarities. So before I became known, I went out and tried to lease space in my competitors' warehouses.
"How much do you want for 5,000 sq ft. for six months?" I asked. With the second competitor, I changed one of the requirements. "What would 5,000 sq. ft. cost me on a long term deal - say five years?" With number three, I increased the amount of space I wanted. I started asking for them to add an office or an additional bathroom. With each I negotiated a little. "Sounds expensive, I've been told that one of your competitors will make a deal at (and I would throw out a lower price)." I quickly got a feel for who was most negotiable and what type of deals each preferred. Some wanted only bigger tenants, almost all did not want short-term rentals -- none wanted to make i
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