Here’s an introduction to the Centennials…
Infographic created by The Futures Company — Designed by Jaclyn Salem – www.thefuturescompany.com
I read with interest how Jeff Bezos, founder of Amazon, described his philosophy around “Day 1.”When asked what Day 2 looked like he described it as “Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that’s why it is always Day 1.”
Personally, I love this approach. I mentioned it recently to a group of entrepreneurs in the Emerging Leaders class here in Seattle and it seemed to fit in perfectly with what they are working on. They have all been in business for 3 or more years and are now creating new strategic growth plans for their businesses of the future. In order to do this without all the “constraints” that experience and beliefs dictate are “true,” we have to look at it as Day 1, and then consider – what will you do differently?
Think of it like Groundhog Day. You get to keep doing it over and over again but with a different template, different knowledge, and a different environment. If you were recreating your business, what would Day 1 look like now? Who’s to say you can’t give it a try? Continue reading
You put a lot of time, energy and effort into your business. With so much invested, doesn’t it make sense to protect what you worked so hard to build?
Various ways exist to do that, such as choosing the right legal structure for your business, installing security software on your computer, getting business insurance, etc.
And don’t forget having an NDA! Continue reading
by Kelly Deis of SoundPoint Consulting
Have you ever wondered what distinguishes an entrepreneur from a business owner? Maybe not.
But if you are a business owner, it behooves you to know the difference and to be comfortable with who you are.
Obviously, all entrepreneurs are business owners. But not all business owners are entrepreneurs. What is the difference? Continue reading
Neva Peterson founded a bookkeeping and consulting business in Las Vegas five years ago, mainly on a shoestring budget, working alone from a home office.
Before the first year ended, she’d grown Neva Knows Business enough to sublet office space, and hire a part-time employee. That employee worked more hours as Peterson brought in additional clients. Soon, it was time to hire again. Business was flourishing, but there were occasional cash shortages when Peterson needed to make payroll.
“Small-business loans are so hard to get,” Peterson says. “It’s practically like donating an organ, you have to jump through so many hoops. And, meanwhile, the clock is ticking.” Continue reading