Starting a Business

100 Percent Commitment Required – Entrepreneurs Have to Stay Committed to Stay Successful

by Ruck on 08/13/2009

in Success

Sound Game Plan+Determination+Consistency+Persistence+Focus=Success

Speak to any successful business owner or entrepreneur who created a business, and there is a compelling uniformity in the words they choose: “commitment”, “persistence” “determination, “flexibility”, “hard work”. The words leave little doubt in the minds of the observers that it takes commitment with a capital ‘C’ to succeed in business. Obstacles, hurdles, changes, lack of resources, misadventures, and unforeseen circumstances, the unknowns and sheer bad luck are all par the course for a business owner, especially in the earlier, formative years.
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Tagged as: Entrepreneur, Starting a Business, Success

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Should You Take the Leap?

by Ruck on 06/25/2009

in The Entrepreneur

Several people I know have recently decided to start to their own business and have been asking me the same question:

Should I start a business?
How do I know if I am making the right decision?

Well I will start by saying starting a business is tough stuff and it can be even tougher in today’s world.

One of my passions is business and I LOVE fellow entrepreneurs. So I will share my thoughts and on whether you should leap into entrepreneurship.
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Tagged as: Believe in Yourself, Starting a Business

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Top 10 Business Credit Strategies For Entrepreneurs

by Young Professionals on 06/15/2009

in The Entrepreneur

Entrepreneurs and small business owners are facing a new era when it comes to applying for business financing. Banks, lenders, vendors, leasing companies and others are making adjustments, adopting new rules, and facing new regulations in the lending arena.

The National Small Business Association (NSBA) says 55 percent of the small business owners it polled in February had been affected by the credit crisis and that number has now increased to 67 percent. The three biggest concerns in this survey were general economic uncertainty, rising energy costs, and the rising cost of health care.

Now more than ever I believe entrepreneurs and small business owners need to be pro active and embrace a new level of preparation, compliance checks, and business credit preparation in order to stay ahead of the game.

Here’s my ‘Top 10 Business Credit Strategies for Entrepreneurs’

Strategy  #1:
Establish a well written business plan.  When it comes to bank financing a business plan that supports a loan request provide a greater chance for funding.

Strategy #2:
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Tagged as: Bank Lenders, Credit Strategies, Entrepreneur, Starting a Business

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How and Why to Form an LLC

by Young Professionals on 06/12/2009

in The Entrepreneur

 

Great article I found with step by step directions regarding how and why to form an LLC to run a successful, legitimate business.  Entrepreneurs, education when obtained and applied correctly can and most likely lead you to “Successville”.  Enjoy and share.

There are a couple benefits of forming a limited liability company. An LLC is a business structure that allows for personal protection for the owner’s business debts. It is a similar structure to an S-corporation except that an LLC does not have to pay a corporate tax. Instead, an LLC acts as a pass-through entity, so the owner files business profits and losses on their personal income tax.

The steps to forming an LLC include:

1. Choose a name that has not been already taken an that will comply with your state’s LLC name rules;

2. File your Articles of Organization with the appropriate state office, usually [click to continue…]

Tagged as: Building a Strong Foundation, LLC, Starting a Business

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10 Mistakes New Entrepreneurs Make When Starting a Business

June 11, 2009

When I started my business I made simple mistakes I didn’t have to make because I was to proud or afraid to ask questions and seek help. First there no dumb questions and being afraid is OK but use it to your advantage. Use fear as a motivator not a stumbling block. Read over this [...]

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