Operations Management and the Entrepreneur

There is no such profession as “Operations” as compared with, say, Lawyer or Accountant. Operations is the business of 'making things happen' and logistics is the business of moving 'stuff' from where it is to where it's wanted and documenting that move. Yet without Operations and Logistics no business can function and the wealth that employs lawyers and accountants would not be created. Wikipedia describes business operations as encompassing three fundamental management imperatives that collectively aim to maximize value harvested from business assets (this has often been referred to as…

Wantapreneur To Entrepreneur – 5 Keys to Starting Your Own Business

Key #1 – Mentorship “If I have seen further, it is from standing on the shoulders of giants.” -Isaac Newton No highly successful person got to where they are by themselves. Successful people have the ability to humble themselves (at least temporarily) so that they may ask for and receive help from smarter people. Find people who are successfully doing what you want to do. Take advice from them only. Not only will this give you practical, step-by-step guidance, it will also give you confidence. It will encourage you and…

How to Survive From a Startup to a Growth Stage

As a start-up, we only wish there was a green light indicator to notify you that you have reached the growth stage. The difficulty about the transition is there is no formula or indicator that sends you a rescue flare. During the start-up period, the biggest challenge an entrepreneur faces is managing their finances and continuing the flow of production. The growth stage is when your business has been around for a few years and the customers are increasing and you need to hire employees. The most critical stage during…

Top 5 Reasons to Review Your Business Expenses Today

It is normal for a business to incur expenses but for it to be stable it has to have returns or profits that will help it grow. The main aim of starting a business is to make profits and one way to ensure that you achieve this is by reviewing your expenses and make sure that you only spend on what is necessary. You can only know what you ought to spend if you define your monthly budget so that you can manage the costs of what your business requires,…

Women Entrepreneurs – Don’t Know Where to Start? 8 Tips for Women Entrepreneurs

Attention women! Are you still finding it difficult to flourish or find your fit in a male-dominated corporate world? You're not alone, and many women entrepreneurs are making the courageous decision to set up their own businesses. In the US alone, women-owned enterprises are starting up at a rate of around 550 per day, and this trend is being mirrored across the globe. If you are considering making this change and becoming your own boss, here are J's top tips for women entrepreneurs. 1.) Put Your Plan on Paper Have…

6 Steps To A Transparent Business Accounting Workforce

When running a large organization where you cannot handle all the responsibilities, it is important to hire someone who can assist you do it. In the area of finance, it is important to hire a well-trained accountant. How to do you know which accountant to hire? 1. Know why you need them Before you set out to search for an accountant(s) to manage your business, have the specific reasons why you need them. There are many things that an accountant can do. They can be a source of advice for…

Life of an Entrepreneur: Mistakes of a Start-Up

Entrepreneurship. The word itself is enough to define the life of an MBA graduate who always wishes to have a second source of income. The great words of John DI lemme “Every failure is a stepping stone to success” I take this opportunity to share failure reasons in my struggle of 1st year of Entrepreneurship. Online marketing is an arena fiercely fought and the youth has ideas from all across the globe. Amazon, Flipkart, Snapdeal the big day sales the market has it all you just name it. However the…

When You Just Need to Get Tax Preparation Done

Not a lot of people are fans of thoroughly auditing, bookkeeping and note taking their financial transactions. Sadly, all professionals have the responsibility to get this done before the deadline. Tax preparation can be as gruesome as it gets so you really have to push yourself to do it or rely to professionals who have the gall to sort through your transactions and the heart to serve and willfully take charge of your finances. While you are smart, these guys are the geniuses when it comes to handling marketing, budgeting…

Ditch Your Suit

I'm a tank top, shorts and flip-flops kind of girl. Suits are definitely not my thing. Yet, back in 1999, every month I put one on to lead a live workshop on cash flow. I hated putting on a costume so that the participants would think I was professional and smart. I totally trusted my ability to deliver the content and give them breakthrough coaching, but I did not believe they would see me as credible. I was young and talked like a 1990's Valley Girl (I still talk like…

5 Tips For Selling More on Amazon

First things first, if you want to be successful at this you must: 1. Promote one thing at a time! Promote a single product or service at a time. In this way, limit the customer's decision to use two options: “Yes” or “No”. And each “Yes” produces immediate sale. Avoid promotions that compel potential clients to make further decisions after they decide to buy. Some of them will not be able to decide on the right choice (for them) and will avoid making a wrong decision choosing, therefore, offer a…