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Archive For: Entrepreneurship

Leading a Small Business vs. Large Organization

Leading a Small Business vs. Large Organization

I learned my leadership very early in my career.  In fact, I learned even before my career began. My leadership training came while I was in Air Force ROTC in college.  From there I spent 7 1/2 years applying what I learned in the best organization you can practice leadership – the United States military!  ... Read More
 
Do You Think Like a Business Owner or Entrepreneur?

Do You Think Like a Business Owner or Entrepreneur?

The Employee Scenarios Defined Several events recently occurred with client businesses that have made me take a step back and really try to understand why business owners make some of the decisions that they do!  For nearly a year I have been advising one client to put better employee systems in place.  Well, it’s finally ... Read More
 
Successful Entrepreneurship is Hard Work!

Successful Entrepreneurship is Hard Work!

Well, it’s global entrepreneurship week again!  I made a prediction a while back that developing successful entrepreneurship will be the next big bubble. Not to be a negative nelly.  But, there is lots of hype around successful entrepreneurship these days.  And for good reason, there is a lot of upside with being an entrepreneur. However, ... Read More
 
2 Major Contributors to Successful Entrepreneurship

2 Major Contributors to Successful Entrepreneurship

Next week is Global Entrepreneurship Week! It’s hard to believe a year’s already gone by.  However, how have your aspiration to become an entrepreneur progressed. If you follow any of my social media or blog posts you probably already know that my definition of entrepreneurship is a little more stringent than Webster’s Dictionary.  But, there ... Read More
 
5 Characteristics of Entrepreneurship from the Industrial Giants

5 Characteristics of Entrepreneurship from the Industrial Giants

The History Channel has a mini-series called The Men Who Built America which exemplifies entrepreneurship at its best.  The series provides a historic account of the giants of industry, John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, J.P. Morgan and Henry Ford. These men created what we call entrepreneurship today. Each was successful beyond anything we can imagine today.  ... Read More
 
Build a Successful Business by Asking the Right Question

Build a Successful Business by Asking the Right Question

To build a successful business is easier than most people think.  You just need to ask the right question that lead you there in the most direct way possible Tonight I’ll be meeting a bunch of new people.  Most will be at the event because they are starting their journey to build a successful business. ... Read More
 
5 Questions Help You Get Past Shiny Object Syndrome

5 Questions Help You Get Past Shiny Object Syndrome

I see small business owners get distracted from their main vision all the time.  It’s amazing how many owners have attention deficit disorder (ADD). ADD can be a strength in business.  But, it also presents its challenges by creating what I call – shiny object syndrome! Shiny object syndrome stems from a person’s ability to ... Read More
 
Do You Really Know What You’re Chasing?

Do You Really Know What You’re Chasing?

I was attending a local networking event today.  The presenter was a local serial-entrepreneur that shared his most recent success story and his philosophy on what he felt was important to entrepreneurial success. Everything he said was right on point and what I have experienced myself over the years.  One thing that really jumped out ... Read More
 
Transitioning from Inventor to Entrepreneur

Transitioning from Inventor to Entrepreneur

Turning Your Vision into Reality This is a topic I was asked to revisit for an upcoming presentation.  Back in 2010 I gave the same presentation to the Tampa Bay Inventors Council and it was well received.  Not sure how many people heeded my advice, but what I presented then is still and will always ... Read More
 
2 Skills Create Entrepreneurship on the Beach

2 Skills Create Entrepreneurship on the Beach

Been at the beach for a short vacation this weekend and made a surprising observation. It doesn’t matter how big or small an establishment, if you think like an entrepreneur you can build a self-sustaining business!  What are the things that move a business owner in the direction of entrepreneur? While here at the beach ... Read More
 
What is Entrepreneurship?

What is Entrepreneurship?

For nearly a decade DE, Inc. has focused on helping small business owners prepare their businesses to operate without their direct day-to-day involvement.  We created an entire line of small business tools and small business training to assist with the process.  National, regional, and local organizations catering to small businesses have partnered with us to ... Read More
 
2 Entrepreneurial Competencies That Lead to Business Growth

2 Entrepreneurial Competencies That Lead to Business Growth

Several weeks back I wrote a post titled Entrepreneurs Build an Asset NOT Just a Job .  In it I began to present the difference between small business owners and entrepreneurs.   While there are many differences and similarities I find a key competency of an entrepreneur is the ability to understand the necessity of scalability ... Read More
 
1 Simple Question Can Change You Into an Entrepreneur

1 Simple Question Can Change You Into an Entrepreneur

I was at a networking event this morning for business transition planning.  The statistics were shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning. As the speaker referred to these statistics my recent post Entrepreneurs Build an Asset NOT Just a Job came ... Read More
 
Build an Asset NOT Just a Job – Entrepreneurship

Build an Asset NOT Just a Job – Entrepreneurship

Do you work your business like a job for a paycheck or do you build an asset generating an on-going annuity for you and your family? This is what separates small business ownership from true entrepreneurship. I picked entrepreneurship as the topic because I am up to my neck in interviews this week.  A client finally admitted he ... Read More
 
5 Competencies of an Entrepreneur vs. Small Business Owner

5 Competencies of an Entrepreneur vs. Small Business Owner

About a week ago I received a really good article “Is there a difference between entrepreneurs and business owners?”  It states what I’ve said for years as people throw around the term “entrepreneur” like it’s something that you wake up one day and decide you’re going to be one!  Nothing could be further from the ... Read More
 
3 Causes of Entrepreneur Financial Problems

3 Causes of Entrepreneur Financial Problems

Entrepreneur financial problems are one of the biggest challenges they face.   Usually it’s because they don’t have enough financial resources to accomplish their business goal.  This is because a business cannot exist without financial resources, but many businesses don’t have enough to accomplish their growth objectives. There are several reasons for entrepreneur financial problems, but ... Read More
 
Cash Flow: An Entrepreneur’s View

Cash Flow: An Entrepreneur’s View

Cash flow is the life blood of any company.  But many entrepreneurs don’t understand the concept.  Most people believe it’s a financial term so they avoid it like the plague! What is cash flow?  About.com defines cash flow as “The movement of money in and out of a business and the resulting availability of cash.”  ... Read More
 
12 Steps To Successful Entrepreneurship

12 Steps To Successful Entrepreneurship

Entrepreneurship is a goal to which many wish to aspire.  But, why do so many fall short?  In my 2 decades of helping small business owners to grow their business here are 12 things that I often see overlooked. 1. Know what you want personally before you get started (personal goals) When people start a ... Read More