Tagged: business tips

Business Advice From Female Entrepreneurs

30 November, 2016

By Jill Krasny

During November, we celebrated “Women’s Entrepreneurship Day.” Here are several pieces of advice for growing businesses from successful women entrepreneurs.

Starting a small business is not easy. And starting a small business as a woman can be even tougher. Thankfully, “women-owned firms have increased as a share of total businesses over the years,” according to the Small Business Administration. However, “their size still remains smaller than national averages,” the SBA noted, and the 7.8 million women-owned firms averaged only US$130,000 in receipts in 2007, the most recent year for which data was available. Credit.com spoke with a handful of seasoned female entrepreneurs for advice on running a firm from a business perspective. Here’s what they told us:

Categories: Best Practices Entrepreneurial Journey FINANCES Make a Mark WOMEN ENTREPRENEURS

Tags: 31 Days of #WOMENtrepreneurship business tips WOMENtrepreneurs

Having a “5% MORE” Mindset is the Best Way to Grow Your Business

16 September, 2016

By Michael Alden, President & CEO of Blue Vase Marketing

If you are in business, could 5% more on your bottom line change your world? The answer is yes. As a successful entrepreneur, I have launched several companies that generate millions of dollars year in and year out. The secret to achieving success like this is actually very simple: Just do 5% more each and every day, and you will see significant growth.

Categories: Coaching FINANCES Goal Setting Guest contributors LEADERSHIP

Tags: 5% more Blue Vase Marketing business tips growth Michael Alden

Tying Loose Ends: What You Need to Do Immediately Following the Sale of Your Business

7 July, 2016

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

So you’ve shaken hands and signed on the dotted line. Time to bust out the cocktails and take a yearlong trip without your cell phone or laptop, right? Almost. Be sure you have the following loose ends tied up, then go ahead and book your flight:

Let Your Employees Know

Categories: FINANCES members Productivity Sales

Tags: business tips entrepreneurs' organization eo cleveland Mark Tepper sales

Five Easy Ways to Stay Ahead of the Competition

20 May, 2016

By Ben Hanback, an EO Nashville member and president of The Hanback Group

How many times at the end of the day or week do you come up for air and think, “What in the world have I accomplished?”

Time flies and the race to get ahead is faster than ever, so here are five quick and easy ways to stay ahead of the competition:

Write at least one hand-written note a week to thank a customer or client. There’s nothing more important than building solid, long-term relationships with your clients. And, there’s no simpler way to do that than with a personal note. Most folks will tell you they’re too busy … too busy doing what? It takes two minutes to write a note, and it will have a long-lasting impact. I often see my notes on people’s desk–- it means a lot.
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Categories: Best Practices Coaching Entrepreneurial Journey FINANCES members

Tags: business tips competition entrepreneurs' organization management nashville

6 People-Focused Ways to Keep Your Startup Agile

6 May, 2016

There’s a reason that agility has become a popular buzzword. The power to both think and act quickly is a defining factor in any startup’s success. Those that get hung up on outdated processes risk failing due to their own sluggishness.

Some startups try to anticipate how their staffing needs will shift as they grow, which Ben Horowitz calls “the scale anticipation fallacy.” You can’t know in advance whether one team member will be capable of scaling with the company. And if you judge someone as incapable of scaling at the outset, you won’t give him or her support to grow with the business, according to Horowitz.

Instead, you need to stay agile — and beware the boogeymen of bloat and bureaucracy. Use the following tips to stay sharp as you grow:

Categories: Best Practices Company Culture Entrepreneurial Journey FINANCES

Tags: business tips entrepreneurs' organization startup zach ferris

Four Steps to Running a Successful Business From Another City

18 April, 2016

If you’re an entrepreneur or a small business owner, you probably got into business for one of the top reasons others do: money, freedom, or impact. But it might have had something to do with a desire for geographical independence, too.

The question is: Do you have the same passion for the city where you operate as you do for your business?

Categories: Best Practices Guest contributors LEADERSHIP Productivity

Tags: business business tips entrepreneurs' organization josh turner linkedin

6 Ways to Encourage Innovation at Your Company

29 September, 2015

Entrepreneurs are constantly looking for new ways to innovate! For many business owners, it’s important to encourage an innovative culture, in order to remain successful. Inc. asked members of EO to share any and all tips on how they might achieve this goal.

Click here to view the full article on Inc.

Categories: Best Practices FINANCES Inspirational

Tags: business tips entrepreneurs entrepreneurs' organization inc innovation

Six Crucial Ways to Take Your Local Business to the Web

28 September, 2015

By Robert Hake, CEO and Founder of MyLocker.net

Are you making the jump from local business to E-commerce site? It’s not as hard as you might think, although it’s by no means an easy process. When I took my business –Outdoor Innovations, a local custom gear shop – to the web, I went through many careful considerations, consulting friends, business partners and customers alike.

Categories: Best Practices Guest contributors Media PR/MARKETING Technology

Tags: business tips entrepreneurs' organization mylocker.net robert hake

Top 10 Tips for Skype Etiquette – Setting the Stage

11 August, 2015

By Michael Houlihan and Bonnie Harvey, EO Overdrive contributors and Barefoot Wine Founders

We often say “face time beats Facebook” and “high touch beats high tech,” but we don’t always have the luxury to meet everyone in person. That’s why we recommend Skype, or other live video.

Seeing the other person’s facial expressions gives you instant feedback you can’t get over the phone. You can quickly correct misunderstandings before they’re verbalized. You see each other in person in real time, and that alone appeals to our human nature. This is a real person, not a text, memo or a voice on the phone.

Using this technology over the years has taught us several points of etiquette that will make your Skype communications more effective. Here are our top ten:

Categories: FINANCES Guest contributors Technology

Tags: barefoot wine founders business tips entrepreneurs' organization skype

Four Ways Working with Your Spouse Can Be Your Best (Or Worst) Career Choice

15 July, 2015

By Christian Denmon, an Octane blog contributor and founding business partner at Denmon & Denmon Trial Lawyers

Some people might cringe at the thought of living with their coworkers, but for couples in a family business, that’s just a regular day. Working with your spouse can have its difficulties, but it can also be incredibly rewarding. When my wife, Nicole, and I decided to start our law practice together, we knew we were about to begin one of the most challenging and exciting points in our lives.

From the daily commute to scheduling a vacation, here are a few ways in which working with your significant other can be your best (or worst) career choice.

Categories: Company Culture FINANCES Guest contributors

Tags: business tips christian denmon entrepreneurs' organizations working with spouses

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Tagged: business tips