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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 Small Business Owner or Entrepreneur?

Do You Think Like a Small Business Owner or Entrepreneur?

The Employee Scenarios Defined Several events recently occurred with client businesses that made me take a step back and really try to understand a why small business owner makes 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 ... Read More
 
Successful Entrepreneurship is Hard Work!

Successful Entrepreneurship is Hard Work!

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, whenever there is a trend there are ... 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
 
The Industrial Giants

The Industrial Giants

5 Characteristics of a Great Entrepreneurship The History Channel has a mini-series called The Men Who Built America which exemplifies entrepreneurship at its best through the industrial giants of the industrial revolution.  The series provides a historic account of the industrial giants John D. Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, J.P. Morgan and Henry Ford. These men created what ... 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
 
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 an Entrepreneur?

What is an Entrepreneur?

For nearly a decade DE, Inc. has focused on the entrepreneur community by 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 ... Read More
 
Business Scalability and Self-Sustainability

Business Scalability and Self-Sustainability

2 Entrepreneurial Competencies Leading 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 two entrepreneurial competencies, mastering business scalability and understanding the concept ... Read More
 
How to Become an Entrepreneur

How to Become an Entrepreneur

Answer One Question to Change Your Mindset The statistics are shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning. That’s why they are small business owners.  They don’t know how to become an entrepreneur! As I looked at the statistics, my recent post Entrepreneurs ... 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 which will generate wealth like an on-going annuity for you and your family? This is what keeps small business ownership from true entrepreneurship. I picked entrepreneurship as the topic because I am up to my neck in interviews this week.  A ... Read More
 
5 Competencies of Entrepreneurs vs. Small Business Owners

5 Competencies of Entrepreneurs vs. Small Business Owners

I read a great article titled “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 you wake up one day and decide you’re going to be one!  Nothing could be further from the truth. The problem is many who call ... 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?  Merriam-Webster defines cash flow as “Cash flow is simply the cash expected to be generated by an investment, asset or business.”  ... 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