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Member You - Do Not Shortchange Funding Needs - Too Little is Worse Than Too Much
Think a moment about the journalist and the historian. The former is presenting the new(s) the latter combines the new into a (historic) perspective.If you want to be in the lead with new trends like the innovator you should know the new(s). You should know about all new developments and more important, you should try and proof them. This is more than a single experiment with new technology. Blogging for example is such a new trend, and the innovator (journalist) will experiment with it. Like the investment journalist who is commenting on a financial movement during the day, the innovator will not be able to determine in what direction the trend will go, nor whether the new movement is strong enough to be a real trend.The more conservat
When was the last time you had encountered an unforgettable buying experience? There are instances when you had bad experiences with e-commerce sites that failed to respond on time with your email query.Or there could been times when a sales associate at your local community computer store did not even know what are the products he is selling. You might have also experienced being placed on hold over the phone for a long time when you called just to ask a mail order company about their toll free line services.These negative buying experiences are always associated to shoddy and low quality customer service. Is it really that hard to find good quality customer service support nowadays?Many companies have always put in their tradema
Think of investment capital as fertilizer. If a farmer applies too little he harvests a poor crop or worse. Too much fertilizer and the harvest will likewise be disappointing. Experienced, successful farmers know their fields, their climate, crop planting patterns and their equipment. They will apply every pound of fertilizer needed to maximize their harvest. Investors handle their capital in exactly the same way.
I review many business plan submissions each year. It is amazing how many entrepreneurs can not identify, quantify or justify the investment requirements they describe in their business plans. This is an absolute eliminator in terms of creating investor enthusiasm for funding a project. This is one of the largest reaso
I have seen way too many discouraged job seekers in recent years. And not just here at home, in Detroit, where the auto industry is truly shaken. Certainly the economy is troubling, but that’s not the main reason I find job seekers are discouraged. I think the internet has created a 'monster' of a problem for job seekers.The beauty of internet job search sites is that they give you instant access to a large list of opportunities. The ease factor is very appealing. You can upload your resume and pop your resume off to dozens of potential employers with a simple click of a button.But the truth is, this gives job seekers a false sense of hope. After you hit ‘send’ what happens? Usually, nothing. And that’s the problem. The fastest way
Think of investment capital as fertilizer. If a farmer applies too little he harvests a poor crop or worse. Too much fertilizer and the harvest will likewise be disappointing. Experienced, successful farmers know their fields, their climate, crop planting patterns and their equipment. They will apply every pound of fertilizer needed to maximize their harvest. Investors handle their capital in exactly the same way.
I review many business plan submissions each year. It is amazing how many entrepreneurs can not identify, quantify or justify the investment requirements they describe in their business plans. This is an absolute eliminator in terms of creating investor enthusiasm for funding a project. This is one of the largest reas
There are people who put their dreams in a little box and say, "Yes, I've got dreams, of course, I've got dreams." Then they put the box away and bring it out once in a while to look in it, and yep, they're still there. These are great dreams, but they never even get out of the box. It takes an uncommon amount of guts to put your dreams on the line, to hold them up and say, "How good or how bad am I?" That's where courage comes in.Answer honestly... Yes or No... ( ) YES, I am on track for achieving my top 3 goals this year. ( ) NO, I am still struggling. As I have been saying all year long, achieving your goals comes down to turning your dreams into tangible objects upon which you can apply power. If you do not achieve "ta
I review many business plan submissions each year. It is amazing how many entrepreneurs can not identify, quantify or justify the investment requirements they describe in their business plans. This is an absolute eliminator in terms of creating investor enthusiasm for funding a project. This is one of the largest reas
There is so much hype about website promotion on the internet and false promises on how you can get your site seen by “Millions of visitor within 24 hours” that I wanted to focus this article on promoting your site offline.There are many ways to promote your website offline that can draw visitors to your website literally within hours, and maybe even minutes.Here are some suggestions:1. You can have business cards created, by yourself or a professional printer, and post them at different bulletin boards in your local area. There are bulletin boards in many public places that people will see your business card if you put it there. Places to look for bulletin boards are community colleges, universities, laundry-mats, libraries, s
I review many business plan submissions each year. It is amazing how many entrepreneurs can not identify, quantify or justify the investment requirements they describe in their business plans. This is an absolute eliminator in terms of creating investor enthusiasm for funding a project. This is one of the largest reas
The first interview for a job is a basic indication that the company you are meeting with is interested in considering you as a potential new employee.I'm sure this is a fairly basic and understood statement.The important part is understanding the purpose of the first interview.It really helps if you can find out ahead of time exactly who you're meeting with during the first interview to get a sense as to what will actually take place during the interview.The first interview might be a screening interview with a member of Human Resources (HR) to assess your suitability to join the company. This interview might only focus on HR-type questions that attempt to determine your career goals, your personality, why yo
Often, the entrepreneur woefully understates the obvious funding level a new enterprise will require. The justification, stated or not, is usually that they are attempting to keep the needed investment number very low in order to create interest. They do not understand that there is no too high or too low investment number if the need for capital can be demonstrated, qualified and narrated. Investors want a crystal clear look at the use of funds and how they will earn an appropriate return on their invested funds.
Seeking a number in excess of the amount needed to successfully launch a startup is equally disastrous. Investors are not seeking to build a Taj Mahal before the first dollar of revenue is generated. Here are a few tips for building expense assump
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