If You Are an Entrepreneur, Find a Mentor(s), ASAP
You don’t need to reinvent the wheel. And you are going to need plenty of moral support. The fact is that there are likely to…
You Need to Always Be Learning and Improving as an Entrepreneur
We’ve all heard the expression, “stay green and grow, or grow brown and rot”. Nowhere is this mindset more applicable than it is in entrepreneurship. …
Age Does Not Equal Energy or Passion in a Small Business
For entrepreneurs, energy and passion are not necessarily correlated (positively or negatively) to age. During my time interacting with entrepreneurs, I’ve met a number of…
If You’re a Small Business Owner, Put a Lot of Time and Effort Into Hiring Right
There’s probably nothing more important than who you associate with in your life. This is absolutely the case when it comes to whom you hire…
Watch Out for Posers In and Around Your Small Business
There are a lot of people out there that have great stories to tell, look very good on paper, and may even have a few…
If You’re an Entrepreneur,Tell Them To Go Away (Tough Love)
Supporting your employees is important, but don’t support them too much. Mac, one of my most important mentors, has a sign on his door, which…
Don’t Let Your Employees or Partners Become Irreplaceable
Never let one individual become so indispensable to your organization that he orshe is able to hold you hostage. By that I mean that the…
Don’t Hire Prima Donnas to Work or Partner With You in a Small Business
Though they may look good on paper, my experience with hiring “superstars” has been less than satisfying. It’s trite, but it’s what’s in the heart…
As an Entrepreneur, a Detailed Understanding of Your Cost Structure is Key
One of the most common afflictions I’ve seen in companies that get themselves into trouble, is that they do not understand their cost structure. In…
As a Small Business Keep Fixed Costs Low, Especially Initially
It is important to keep fixed costs low at the beginning of your venture! It is hard to over-emphasize the importance of this one. Almost…