A big reason why most small businesses don't approach foreign markets is because of the myriad risks associated with global operations. While international risk is certainly not something to take lightly, a careful assessment of the primary dangers that your business faces will ensure that you're ready for whatever challenges you might face.
What you need is a better way of planning a complex project. A way that's not overwhelming, helping you stay committed to reaching your goal. Here's a simple 4 step process to help you take control of any project, no matter how overwhelming, and start making immediate progress towards completing it.
When a start-up presents a business plan, it's the job of a savvy potential investor to poke as many holes in it as possible. They don't need to figure out why they should risk their hard-earned, non-refundable money into your start-up business.
You don't have to have an international rock star headlining your idea in order to know if it's worth pursuing, nor do you need a million dollars to make it a success. Through my experiences developing concerts, tours, and Rock 'n' Roll Fantasy Camp, I've discovered that great ideas all share four common characteristics.
As a professor of social entrepreneurship and an entrepreneur, people often approach me with all their ideas. They get overwhelmed with how to start choosing their first venture (or second, for that matter). Whether you are new to entrepreneurship or starting another venture, you begin the same way.
When deciding where to locate your startup, there are a number of factors to consider. With no clear right or wrong answer, I've put together a list of questions to ask yourself when choosing a location for your startup.
When people find out about the work I do helping small businesses, they often say there are just no more opportunities out there. When I hear this, I try very hard not to laugh, but this statement could not be further from the truth.
Whether it's your next big business or a unique marketing campaign, when that next ambitious idea hits, ask yourself these five questions—and if the answer is yes to all five, well, roll up your sleeves and make it happen!
The most important part of getting started to take action is to define a small and feasible project. In order to do this, you need to choose a small part of a huge project.
How to price your product or service is a critical decision that your small business must make and will directly determine your ability to succeed in an uncertain economic environment.