entrepreneurship

Handcuffs or Rocket-booster?

Posted by Jack Garson on December 1, 2011

On the surface, crafting a joint venture agreement with another business may seem quite appealing. You will share the work, the time, the expense…and ultimately, if successful, the reward.

But, as they say: if it seems too good to be true—it probably is. So, what’s the catch?

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entrepreneurship, Joint venture agreement, small business, subcontracting
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Hit By the Bus

Posted by Jack Garson on November 3, 2011

If you get into a crash, you won’t survive without an airbag. The same goes for your company.

 

In this economy, not having a succession plan in place could be the worst thing for your small business, your family, and yourself. In the event of your death or incapacitation, what’s going to soften the blow?

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CEO, entrepreneurship, protection, small business, Succession plan
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My Lawyer, My Friend

Posted by Jack Garson on October 11, 2011

As the CEO of your small business, legal matters are bound to arise. And eventually, it’s inevitable that you will have to deal with an attorney.

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attorney, entrepreneurship, legal matters, small business
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Do What Makes You Happy

Posted by Jack Garson on September 29, 2011

According to Small Business Trends, 77% of small business owners love what they do--describing themselves as either “very” or “extremely” happy about running a business.

Over the course of your lifetime, over 1/3 of your waking hours are spent at work. Why waste your time doing something you don’t enjoy? Don’t get me wrong—work is not always going to be fun. But if you have to work to survive, you shouldn’t have to drag yourself out of bed for a job you dread. 

business ownership, entrepreneurship, happiness, small business
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Location, Location, Location

Posted by Jack Garson on August 24, 2011

Starting a business isn’t easy. Most likely, plans for financing, marketing, and developing a customer base are keeping you up at night. But, you may be missing the most important piece of the puzzle: location.

Before you begin drafting a business plan, hiring employees, and spreading the word about your new project, you must ask yourself: where will my business be most successful?

entrepreneurship, location, small business
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What's in a Name?

Posted by Jack Garson on August 18, 2011

Names are important. Think about it—having a name helps to define you as a human being. You may not realize it, but in the business world, the name of your company is just as significant. In fact, there’s proof that the name of your new business can make or break its success.

Consider the example of Minnesota Mining and Manufacturing Co.: a name that is robotic, dull, long—and forgettable. In 1902, the founders renamed the company “3M”—short and simple, but memorable. Today, the “3M” trademark is recognizable on Post-It notes, Scotch tape, and band-aids.

entrepreneurship, Naming your business, small business, startup business
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Don't Suffer Through the Stress

Posted by Jack Garson on August 5, 2011

Stress is a part of life. If you’re running a business, you’re no stranger to daily pressure. But business experts are urging you not to keep confronting it head on.

According to the American Express OPEN Small Business Monitor, only 46 percent of U.S. business owners plan to take a vacation this summer—down from a high of 67 percent in 2006. Hectic work schedules and a lack of affordability are the top reasons behind this significant decrease. 

entrepreneurship, startup business, Stress, vacation
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Will Your Business Last?

Posted by Jack Garson on July 14, 2011

Don’t just think about starting your own business--actually do it!

My book, How to Build a Business and Sell it for Millions, is based on one fundamental affirmation: there is no better time than today to become your own boss.

You need to be realistic; not every business idea is cut out for the long haul. If you want your small business to be successful and last, it is essential that you research the current market trends. Ask yourself, will my business flourish in the current economy?

entrepreneur, entrepreneurship, industry, Jack Garson, small business
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The Entrepreneurial Spirit

Posted by Jack Garson on July 1, 2011

Not everyone is born to own a business.

In fact, according to a Forbes.com article, “Measure Your Entrepreneurial Instinct,” a true entrepreneur possesses five essential qualities: openness to experience, conscientiousness, extroversion, agreeableness and equanimity.

building a business, business owner, business plan, entrepreneurship
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Become Your Own Boss

Posted by Jack Garson on June 24, 2011

Employees are unhappier than ever. The reasons haven’t changed: dissatisfaction about pay, limited opportunity for advancement, no benefits—but now there seems to be more of it than usual. According to an article in the Huffington Post, nearly one in three workers (almost 33%) are considering leaving their job. That’s up from 23% just five years ago.

becoming your own boss, building a business, business model, entrepreneurship
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