Tagged: advice

Three Unconventional Tips

8 June, 2015

By Angela Proffitt, an EO Nashville member and creative designer and event producer of Angela Proffitt, LLC

For over a decade, I’ve served clients as a wedding designer and event planner during one of the most important moments of their lives—the beginning of their marriage. I find energy supporting others when it matters most. After successfully operating a small business the same length of time in the service industry, I frequently counsel other entrepreneurs based on my experiences; triumphs and trials, home runs and humbling mistakes.

Categories: Best Practices Entrepreneurial Journey FINANCES

Tags: advice best practices better business practices lessons learned tips

Art, Society, Entrepreneurship and Environmentalism

27 May, 2015

By Shalini Passi, artist and entrepreneur

For an instant I could see myself from above: wading through heaps of rusting metal, plastic bags and the remnants of former lives people had discarded. As I picked up the piston of an engine, imagining the beautiful silhouette it would create if transformed into a candle holder, I thought how funny it would be if people knew that here, in a pile of garbage, my business sense was born.

Categories: Entrepreneurial Journey general Goal Setting Guest contributors Inspirational WOMEN ENTREPRENEURS

Tags: advice best practices better business better business practices entrepreneurial journey

Personal Branding is not Just Shameless Self Promotion

21 May, 2015

By Glen Carlson, an EO Sydney member and managing director of Entrevo Pty, LTD.

Consider there are three distinct types of brands you can develop; a business brand like IBM, a product brand like iPhone and a personal brand like Jamie Oliver. Personal branding is now a vital tool for entrepreneurs and small business owners to communicate value, create demand for their expertise and ultimately grow their business. So why do so many people resist it?

Categories: Best Practices Entrepreneurial Journey Lessons Learned Networking PR/MARKETING Public Relations

Tags: advice best practices better business entrepreneurs' organization lessons learned

Reduce the Risk Your Business Presents to a Buyer

13 May, 2015

By Mark Tepper, an EO Cleveland member and president of Strategic Wealth Partners

Unless your buyer has a gambling habit, chances are they’re not looking to roll the dice on purchasing your company. That’s why taking steps now to reduce the perceived risk your company poses to a potential buyer is a smart idea. Businesses with lower inherent risk will fetch a higher multiple and overall valuation.

Categories: Best Practices general

Tags: advice best practices better business money tips

When to Give Up on a Prospect

5 May, 2015

By Caryn Kopp, “Chief Door Opener” at Kopp Consulting and an EO New Jersey member

When decision makers say, “No thank you,” should you keep trying or cut your losses? My experience is that as long as the prospect is someone whom your research indicates is an “A” level prospect there is no reason to give up, unless you receive new information that makes you believe he’s no longer an “A” level prospect. Analyze the approach that brought you to the “no thank you” and see if a different approach will yield a different response.

Categories: Best Practices Lessons Learned Other

Tags: advice best practices better business Caryn Kopp lessons learned

Room to Grow: Five Ways to get Bigger and Better

16 April, 2015

By Mark Tepper, the president of Strategic Wealth Partners and an EO Cleveland member

Growth, growth, growth. It’s the six-letter word that means everything when it comes to selling your business for top dollar.

Needless to say, buyers aren’t looking for dead-end companies that have already achieved their top tier of success and whose big ideas are tapped out. You’re going to need to prove to your buyer that your company has room to grow—and lots of it.

Categories: Best Practices FINANCES Guest contributors

Tags: advice best practices better business better business practices lessons learned

How Chasing Venture Capitalists Nearly Cost Me My Sanity

1 April, 2015

By Corrine Sandler, EO Toronto member and CEO of Fresh Intelligence

When I started my first business seven years ago, I knew that I had a concept that I had to act on quickly. But how could I finance a start-up? I had no idea how to borrow money or where to look for investors, so my only option was bootstrapping.

I approached a friend who ran a marketing company; he offered me office space and a little cash: I often say that I built my company with the bricks others have thrown at me. I paid back my minimal cash loan within three months, and seven years later my company Fresh Intelligence is a thriving global enterprise with offices in two major cities. I am the sole principal, with a kick-ass Senior Executive team and employees that I’ve been told would walk on hot coals for me.

Categories: Best Practices Entrepreneurial Journey Lessons Learned WOMEN ENTREPRENEURS

Tags: advice best practices better business lessons learned

The Mother of All Disruptions

13 March, 2015

By Silka Gonzalez, an EO South Florida member and the President and CEO of Enterprise Risk Management, Inc.

I have a secret to share: I find the concept of disruption, disruptive ideas and trying to be the disruptor (and not the disrupted) extremely fascinating. For as long as I can remember, I’ve thought of “disruption” as a bad thing. It’s not my fault. As a leader in the risk-management industry, my line of business forces me to think that way. Understanding the nature of disruption is critical to sustained success, which is why I want to introduce you to a different kind of disruption that you should keep in mind as you continue to build your business.

Categories: Best Practices LEADERSHIP Technology

Tags: advice best practices better business practices lessons learned technology

Five Signs Your Company is Doomed to Irrelevance

12 March, 2015

By Thomas Michael, an EO New York member and the CEO of Michael Management Cooperation

Your company might be a dinosaur and you may not even know it. In the world of business, adaptability is as important to sustained success as having a bulletproof business plan … but what if you’re too close to the proverbial forest to see the trees? In my experience, there are a few telltale signs of a company doomed to irrelevance. If any of the following are true of your company, it might be time to stop and smell the coffee.

Categories: LEADERSHIP Lessons Learned Media PEOPLE/STAFF Productivity

Tags: advice best practices better business leadership lessons learned management

Choose Your Battles Wisely

6 February, 2015

by Vikram Beri, an EO New Delhi member and Executive Director of Beri Udyog Pvt Ltd.

In 2008, I left my job at a consulting firm in the U.S. and moved back to India to join the family business. Our agricultural equipment company had been in operation since 1978, and had built a good name for itself as a quality manufacturer. What it didn’t seem to have, however, were well-defined processes, a professional workforce and, most importantly, a strong bottom line. I suddenly had my hands full.

Categories: Best Practices Entrepreneurial Journey FINANCES LEADERSHIP Lessons Learned PEOPLE/STAFF

Tags: advice best practices entrepreneurial journey leadership

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Tagged: advice