I’ve spoken at length about “how” to start a business. That is, after all, the primary focus of this blog. But one thing I haven’t really spoken about is “why.” Not why you want to start your own business in the first place of course, that speaks for itself, but why you are starting this particular business? While there are any number of explanations, it’s my feeling that they all boil down to two specific (and very simple) reasons. You either want to create a job for yourself (and potentially others), or you want to build up a business…Continue Reading
We talked on Monday about the need to build your company out so that you’re doing more earning, and less working. One of the most important factors to consider when choosing a business venture that will quickly get you where you want to be is the notion of scalability.
Originally an electronics term, scalability is the capacity of a system to handle increased traffic – to “scale up,” so to speak. It’s easy to see how the term came to be applied to business as well. And what an important term it is! In a business…Continue Reading
I want to try a little experiment with you all. If you own a smartphone (and you should), pick it up, and go to your phone’s application store (Blackberry App World, Google Play, Apple’s App Store, etc). Now take a look at the most downloaded apps. More specifically, take a look at the prices. Notice anything?
Apps generally fall into three categories. Free, which is, well, pretty obvious. Premium, which can cost anywhere from a few dollars to, well, a lot more than a few dollars. And finally, the…Continue Reading
You hear about it almost every day. Another company faced with a multi-million dollar lawsuit, brought forth by a former customer or employee. Another business owner facing charges for illegal practices (more often knowingly than not). Now fortunately, as a small business, your chances of being waylaid with a gigantic seven figure lawsuit are extremely low, though the possibility of being sued should something along the way be less than above board remains. And there is always the possibility that you’ve inadvertently (I staunchly refuse to believe anyone reading this would Continue Reading
If you’re like me (and you must be at least a little, if you’re walking the path to PIE), you are a highly motivated, self-starting individual. You have an unending drive for success. You are tenacious. You have a tendency to go-go-go, until you attain your goals. The word stop just isn’t in your vocabulary. And that is completely fine. But there’s a difference between stopping and slowing down a little, and that, perhaps, may be prudent to your long-term success.
There’s an old saying: “It’s not a sprint, it’s a marathon.” And that holds…Continue Reading