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Entrepreneurship: Finding and Creating Business Opportunities

How, in your own lives can you find and more importantly create opportunities?

In the Chinese language, you have the character representing crisis and the character representing change. When these are combined you have the character representing opportunity. Now why is that? Why is it that when crisis and change merge you have opportunity?

Because when crisis and change merge you have disequilibria. You have changing laws or changing conditions. New needs and problems are created and often it is up to the entrepreneurs to fill those needs.



Whenever you experience new things or the world around is changing, there ...
08/04/13 11:27AM
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Julia Philips

Entrepreneurship: Creating a Business Plan with Punch

If you want to create a multi million dollar business and personally become successful, you will need to be able to present difficult concepts to investors, staff and key stakeholders. The creation of wealth through business will not be possible unless you are able to do the following three things very well.



1. Simplify, conceptualize and analyze business models and marketplaces. Then
develop this opportunity analysis into solid strategies for growth.

2. Make people understand the key vision and direction of the company.

3. Produce a clear concise action plan to ensure that we follow through on the
plan.

When ...
08/04/13 11:25AM
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Julia Philips

Entrepreneurship: The Addictive Business Plan

While the average business plan ranges from twenty to thirty pages in length, on average, investors only read one page of each business plan they receive. Obviously, for a business plan to receive funding, investors have to be encouraged to read the entire business plan, and then take additional action such as setting up a meeting with the company's management.



In figuring out how to get investors to read more than the first page of a business plan, soap operas quickly came to mind. Soap operas are very effective in getting viewers to keep watching over time. They do ...
07/04/13 10:14AM
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Julia Philips

Entrepreneurship: 3 Easy Steps To Improving Your Business

I know we are all on the look out to try the newest marketing method or jump in to another way of promoting. Before you do start some new method of promotion, read this first.

Not only will this help you stay better organized, but give you direction as well. Follow these steps to build a better business right from the start.



1. Make a list

Start by making a list of what ideas you would like to put into motion. Go over your current marketing plan. Do you have a newsletter? Build it more. Do you have a website ...
06/04/13 09:42AM
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Julia Philips

Entrepreneurship: Five Questions for Improving Business Reports

Have you ever asked for a report based on data in a database? Or have you ever been asked to create such a report? Starting a report can sometimes feel like a mind reading trip into uncharted territory.

What question are you trying to answer?

 When the objective is not set forth at the onset, often what management requested does not give them the answers they were seeking. This is usually due to the fact that people were jumping ahead to the result instead of actually asking the question. Management does not always know the data source and may be ...
05/04/13 03:19PM
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Julia Philips

Entrepreneurship - Business Succession Planning

One type of business planning which is often overlooked is business succession planning. These types of plans map out the strategy for a company upon the retirement of the current owners.

Business succession planning is typically not necessary for venture backed companies as the plans are built into the venture financing agreements. However, for family-owned businesses, succession planning is critical. In fact, while over three-quarters of American businesses are family-owned, less than one-third of these businesses continue to exist after the first generation of ownership. The downfall is based on lack of planning.



In creating a business succession plan, several ...
04/04/13 03:18PM
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Julia Philips

Entrepreneurship - Can Your Business Survive?

But when you're starting your own business, there's no guarantee that your "mousetrap" is going to survive, especially in today's fast-paced business world.

Nearly half of all small businesses fail within the first two years of operation. The number one reason for business failure is inadequate planning. The second reason is
under-capitalization.

So before you mortgage your house, or go into debt financing your business, you need to know if your business is going to do more than survive -- you want to know if it's good enough to thrive! Here are three things successful businesses that ...
03/04/13 11:29AM
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Julia Philips

Entrepreneurship:Business Intuition - Avoiding the Cosmic 2 X 4

What's a cosmic 2 x 4 you ask? It's actually a phrase that's been used in the 'new age/ metaphysical' world for the past 15 years or more. It refers to the lessons we learned the hard way when we didn't listen to our intuition.

In the process of our intuitive development, we learn to listen more deeply and follow the guidance that comes from within. Because conscious awareness is building during that time, whenever we choose not to listen and go against our intuition, the lessons learned seem twice as powerful and painful than if ...

02/04/13 11:35AM
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Julia Philips

Entrepreneurship – Balance: Entreprenurial or Workaholic?

A workaholic is someone who has no identity beyond their work. Life is about so much more than what you do. It is about the relationships you develop and nurture. It is about social impact in your community. It is about the growth and learning you experience. It is about living passionately.

We are creative by our very nature, it's in our genes. Applied intelligence equals creativity. Intelligence takes on many forms. So this creates a new question:

Where is your definition of a workaholic more likely? One living in passion or one living in isolation and fear?



The ...
01/04/13 10:56AM
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Julia Philips

Entrepreneurship - Boost Profits with a Productivity Plan

Most business owners know the value of a developing a business and marketing plan before a business is launched. But once the proverbial open sign is lit, many neglect to focus on day to day operations, managing with little more than an over-loaded e-mail inbox and a to-do list scratched out on a sticky note.

If you aren't meeting your goals, it could be due to the fact that you haven't defined them. Creating a productivity plan gets you organized and allows you to accomplish more in less time.



A productivity plan is simply an outline of tasks ...
31/03/13 01:01PM
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Julia Philips
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