Month: November 2018

Entrepreneurs and innovators are the backbone of our technologies and industries. America and the world celebrate entrepreneurs daily and for good reason. If it weren’t for the entrepreneur, our world would not progress and markets would proliferate. One of the worst things that can happen to an entrepreneur who has a product or service that is experiencing rapid growth is to start outsourcing through temporary professional staffing firms. Progress and growth are great but there are times when entrepreneurs get in their own way when it comes to human resources staffing.

Entrepreneurs make some common mistakes when trying to increase staffing but do not leave it to the professionals who know HR staffing and what is required to efficiently hire temporary help to aid the entrepreneur. For one thing, entrepreneurs tend to micromanage every aspect of their business and will want to know everything concerned with the temp company. That’s fine and well but when it comes to paying for the extra time and effort involved in documenting all details, the entrepreneur finds sticker shock. It wise for the entrepreneur to step aside and let the professional do their job.

There are other mistakes the entrepreneur will makes such as have too many bosses when a singular decision by an outsourcing human resource staffing professional will make based on simple experience. Too many cooks in the kitchen, kills the souffle. Some entrepreneurs approach their temp professional agency with unrealistic timelines and budgets. The entrepreneur must understand that some HR staffing takes time to carry on background checks, proper interviews and selections.

A fatal mistake by some entrepreneurs is they dump everything in the temp agency’s lap and take off for parts unknown thinking that they can conduct it all by telephone or email. When entrepreneurs do not take the time to work closely with the temp professional firm and expects results by a certain deadline, the house of cards will collapse. But don’t blame the outsourcer. The entrepreneur must take a look in the mirror and study the reflection.

The relationship between entrepreneur and interim HR staffing firm is definitely symbiotic. Let the outsourced company take over and perform miracles by following their professional guidelines. The entrepreneur should have a hands-off policy but observe and work closely while the magic happens. Then the right personnel can be hired in a timely manner and work to move the business to success.

If you dream of seeing your dream business ideas being changed to reality then you need to invest your time and energy in an entrepreneur workshop. In an entrepreneur workshop you will be given aid to implement your business strategies. Opportunities will be created for you to start your online business.

This workshop is like an incubation cell where budding or future entrepreneurs are nourished and guided for a certain period of time till they get the confidence to perform and get started smoothly with their ideas.

In their classrooms day/night dome camera observes you day and night and like a responsible reconnoiter they take note of your requirements. There would be many like you in this cell so naturally everyones requirements can not be same. Each has to be given special attention, as these workshops deeply believe in your caliber and your most cherished dreams.

Here you will find out the keys to become a successful entrepreneur. You need to have some specific goals regarding money and finance. For this you definitely need special skills and should be aware about the application of business tools. There is a significant gap between your current status and the position where you want to see yourself after some time as a successful business entrepreneur.

This workshop actually aims at bridging those gaps for you. You will receive step by step guidance in all the business aspects during this period. They will make you capable so that you can sit facing your computer and start implementing your plans without any difficulty.

The business of an entrepreneur workshop runs by making your business turn into reality. You might type anything on the net browser, and receive tremendous comments about how to make money in various fields of business, be it online business, business of imports and exports while sitting at home and many more. But it is difficult to get a guide where people will instruct you to properly to develop your own business successfully.

Actually, the relevant question is why any one should else be interested in your dreams? But these workshops are quite different, they will give you case studies, take you for visits and field work from where you will get an idea about how to get started with your own business plans. With these experiences you will naturally grow a business acumen, which is quite general and on the other hand quite worth implementing in your unique plans.

You need to save yourself from the fake institutions which can drain your money and at the same time not offer you with any thing significant. It is easy to fall victim to such e-business scams. So find out properly before you go for such an opportunity.

Are you still looking for a job? Think about creating your own. There are a lot of business social networks to help you connect with other entrepreneurs and get the business ideas off the ground.

Here are the top 7 business networking sites and apps. Each helps entrepreneurs succeed by providing them with the guidance, tools and resources they need to start a business and gain exposure.

1. StartupNation

Most social networks for business neglect the content aspect that makes StartupNation so useful. With articles, forums, blogs, on-demand seminars, and podcasts, entrepreneurs will be better prepared for their ventures and have the resources required to make better business networking decisions.

There are a wide range of topics being discussed on StartupNation right now, including business planning, marketing and web-based business. The site also offers a series of competitions, such as an elevator pitch business networking competition. If youre an entrepreneur or hope to become one, this site is definitely one you cant miss out on.

2. LinkedIn

Its difficult to leave LinkedIn off of any business social network list because its so useful for anyone whos either searching for a job, is trying to network with like-minded individuals, or starting a business. LinkedIn offers many resources for entrepreneurs, such as groups, including the very popular On Startups group that has over 54,000 members.

Entrepreneurs on LinkedIn should brand themselves properly so they can attract the right kind of business opportunities, and perform searches to find service providers or partners. As an entrepreneur, you should also be looking to participate in LinkedIn Answers, events and business networks to spruce up your profile and become a valuable member to your LinkedIn network.

3. Entrepreneur Connect

Entrepreneur Media, the company that produces Entrepreneur Magazine, started a business social network years ago specifically for small business networking. Like all business social networks, you have the opportunity to create your own profile, explore the community and network. Unlike most social business networks, this one frowns upon too much self-promotion and applauds idea sharing.

You can use this business social network to connect to service providers, suppliers, advisers and colleagues. Just like LinkedIn and Facebook, there are business groups that you can join or create. Another cool feature is that youre able to start your own blog and possibly have it appear on the main page of the business social network.

4. Biznik

This isnt another LinkedIn clone. Instead, Biznik brands itself as a business social network that doesnt suck. The Biznik community is composed of freelancers, CEOs, and the self-employed. Like the other business social networks, this is a place for you to share ideas, instead of posting your resume. It is mandatory for all members to use real names and provide real data, and Biznik editors actually review all profiles to ensure compliance with that policy.

5. Cofoundr

The Cofoundr business social network is made up of idea makers, entrepreneurs, programmers, web designers, investors, freelancers and executives. The primary purpose of joining this network is to start a new web venture. Unlike most of the business networking sites already listed here, Cofoundr is a strictly private network, which means that you cant view member profiles before you register for an account.

Membership requires having a valid university or work email address, which means high schools students and younger arent allowed. The first thing you have to do is sign up, then specify your abilities and the people you are trying to business network with and finally, post your idea on the bulletin board or in the forum.

6. Perfect Business

If you want to meet thousands of serious entrepreneurs, experts and investors from a variety of industries, then Perfect Business might be the business networking site for you. The type of people youll find are potential business partners, potential clients and advisers. Additionally, the site has leading business partners like Entrepreneur and Virgin Money.

From business social networking to a video center where you can learn from successful entrepreneurs, a business plan builder and even an investor center, youll have most of the resources you need to start a business.

7. CityHour

Much more than a contact manager, CityHour social networking app easily syncs with your LinkedIn and Facebook accounts to instantly transform a collection of static digital contacts into an actionable network full of new people and opportunities. So whether you are looking to jumpstart new business efforts, explore career opportunities or create new partnerships,

with CityHour youre just a few taps away from a meeting that could change your life.

Oh, did we mention that its absolutely free?

One hundred business owners walked into a bank. Eighty left empty handed.

Thanks not a joke. Its a stark reality of how the financing world works in 2015.

Traditional bank financing is a great tool for growing your business but we do not live in traditional times, and even as the American economy improves, access to this financing does not seem to be getting any easier. When traditional channels are no longer an option, the world of Alternative Lending is an excellent choice. These lenders offer competitively priced products, fast turnaround times, transparent terms, and require minimal documentation.

Market Street Funders offers a fast, free search for business owners to find business financing. MarketStreetFunders.com helps businesses identify the right type of capital needed and then matches them with lenders eager to work with the business. Lending options include:

Business Advance Short term working capital matched to future revenue. Repayment is made through small daily drafts. Requires the least amount of documentation and funds within days.

Business Loan Traditional loan product for larger amounts or longer terms. Simple interest loans with no prepayment penalty. Requires greater documentation and a slightly longer approval process.

Factoring Solutions Ideal for businesses with large purchase orders, invoices, or accounts receivables. Get paid immediately on invoices and purchase orders or turns accounts receivable into cash.

MarketStreetFunders.com was developed as a solution to the existing business financing search ritual, which many business owners find to be inefficient, while at the same time, rarely leading to the most competitive offer. Concurrently, traditional, bank-originated small business lending continues to be on the decline: the unmet demand is estimated at $80 to $120 billion per year.

The companys proprietary process leverages technology, deep industry knowledge and existing funder relationships to provide a fast, competitive and transparent growth solution for entrepreneurs. Most funding solutions will have a 3- to 18-month repayment period, with some loans up to $1,000,000 and 60-month repayment periods. Commissions are transparent and there are no origination fees.

Market Street Funders co-founder and CEO Tom Abel said, Today, when you want to buy a plane ticket, you dont call the airlines; you go to a search comparison site like Kayak or Expedia to find the best price. Market Street Funders provides the same kind of one-stop shopping for business loans and funding. Within hours of completing an application, business owners can compare financing offers side by side.

There are minimum qualifications to apply. A business must be at least six months old and have $8,000 in monthly sales. The online application requires some documentation; typically a few months bank statements. Approval and pricing are based on the strength of a business, cash flows, predictable revenue streams, historical performance, and other common sense factors. Funding solutions can be tailored for a variety of purposes, including inventory and purchasing, working capital, marketing, expansion, renovations and repairs, and hiring.

Co-founder and COO Erik Williams added, As entrepreneurs ourselves, we have first-hand knowledge of a sometimes untapped business culture of ingenuity and innovation. Our singular mission is to match entrepreneurial passion with the capital necessary to fuel it and make the process simple.

Prior to founding Market Street Funders Tom Abel was the Chief Operating Officer of Swift Capital, a recognized leader in the alternative lending industry? He also served as Executive Vice President and Director of Small Business Banking at MBNA America and later Bank of America. Abel is a small business owner, entrepreneur, and stakeholder in several early stage ventures.

To be an entrepreneur is extremely exciting, however it isn’t for everyone. One of the easiest and fastest ways to be a successful entrepreneur, is to work from home through a home-based business.

First, and most importantly, you should evaluate your strengths and your weaknesses.

After this evaluation, you can determine if you are a good candidate for starting an internet business. You then must work on your skills in planning, organizing, communicating , and self-control. These are the basic duties of a home based entrepreneur. You must be able to work without supervision, as you will now be the “boss”, and all of the important decisions will come from you.

Entrepreneurs are known as “self-starters”. Organizing your time is a must if you choose to run a home based business. The business is yours, it can’t be treated like a hobby, unless you want it to treat you as such in terms of return on investment. You are accountable for your business at all times.

To run your own business means that it will be required of you to interact with all types of people, in every corner of the world. You will run into customers that are demanding, down on their luck, or just plain rude. To be a successful entrepreneur in a home-based business, you will have to know how to handle each of these types of people individually. It is advantageous of you to know the idiosyncrasies of each type or person you encounter, in order to handle the given circumstances in an appropriate way.

Operating a business online is heavily influenced by your attitude and commitment. There are traits and skills that a person should possess before becoming an entrepreneur. As mentioned before, people that will be successful in entrepreneurship are self-starters, risk takers, and are adept in dealing with many different personality types.

However, this alone is not enough. You should be an effective decision maker despite any pressures put upon you. You must have the ability to make wise and informed decisions.

To have success as an entrepreneur, you’ll find it is necessary to commit a great deal of energy and have an excellent work ethic. Having a business online could require that you work late hours, and on weekends, as this is not a “get rich quick” proposition.

These are challenges to overcome, and one must strive to do so. The efforts you put in today will be handsomely rewarded once your profits start coming in.

If you are aware of the things required of being an entrepreneur, then you can determine your own success level. It is imperative that you are capable of monitoring your finances, work schedules, tasks, and many other aspects.

Good luck in your endeavors, and may the business that you choose reward
you handsomely.

Michael Easley
M3 Master Consultant