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A positive attitude is encouraging many of these people to take a new path to entrepreneurship. Those that have chosen not to be intimidated by the crisis, are confronting the situation head on, and embarking on a business venture.

There’s lots that needs to be done at the end of the year to get your books ready for taxes. Some of you have been practicing good bookkeeping all year long so this list is not so long. Here’s a list of what you can do this month to make January easier on you.

This article is about; how to form a group think tank in your own mind without calling a meeting. Let me ask you something; have you ever been in a committee meeting, asked a question of the group or an individual and they gave you back literally word-for-word the exact answer you expected them to give you? It happens to me all the time, why do you think this is? Because their expertise and advice is predictable, but if you already know what they are going to say, why are…

New and big businesses are complaining over not making profit in these tough times. Many of the start-ups don’t even make it through their first six months. Here are some of the reasons why businesses fail and how you can avoid it. Lack of capital Majority new businesses are not well funded. The financial institutions do not trust them. They are afraid to lend new ventures the money they need to operate. If you are just starting a business consider turning the things that you have into capital. Your business…

In the final part of this article, we shall look at dealing with ethical and regulatory challenges and also succession planning. As stated earlier, when you have a good idea of the nature and cause of the problems, you are better positioned to effectively and efficiently address the problems. Ethical and regulatory problems are common. Some of these problems are caused by the entrepreneurs themselves. For example, reluctance and intentional noncompliance to statutory and regulatory matters. In noncompliance you may achieve short-term goals such as hiding your enterprise and its…

Need a great idea? One of the quickest ways to find a high-quality idea for your business is to read a good book. But how do you find a “great” book, out of thousands of mediocre books?

In this second part of our article on overcoming common entrepreneurial problems, we shall look at issues related to money and personalities. An entrepreneur who is wise enough to adequately tackle and overcome these setbacks stands a higher chance of developing a successful enterprise.

This year, 2012, Britain has the great privilege of being host nation to the international Summer Olympic Games, for the third time in its history – the previous occasions being 1908 and 1948. London will be the only city ever to host three Olympiads! A new 200 acre “Olympic Park” has been built in Stratford, East London, and many existing London facilities, such as the new Wembley Stadium, will also be used. And when the Games are finished, London will be left with the valuable legacy of a completely rejuvenated…

I’m a big fan of having an email or address list, blog, YouTube channel or some other way of staying in touch with the people that dig what you have to say, teach, or show them. Having a ‘list’ is a fantastic way to keep past, current and future customers happy.

Cases of tax investigation are best handled by professionals, because usually tax payers are not familiar with the ins and outs of this whole process. So, when you receive the letter from the income tax department, the very first thing you should do is look for an able defense lawyer.