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Entrepreneur Corner

Tips for Parentpreneurs

By JESS MCCUAN
From SmartMoney
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Running a home-based business can be tough. But it's even tougher when you throw children into the mix.

Imagine trying to impress your clients with reports covered with crayon scribbles. Think it's hard to concentrate while your chatty co-worker spills the details of the previous night's date? Wait until you're trying to devise a clever marketing scheme with a three-year-old wailing in the background.

Becoming Your Own Boss As a Woman at Mid-Career

Wall Street Journal
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By DANA MATTIOLI

A mentor's advice can be an asset to those starting their own business. V. Cheryl Womack, chairperson of the nonprofit organization Leading Women Entrepreneurs of the World, encourages women business owners to provide guidance to others aspiring to entrepreneurial goals. Ms. Womack, who founded and sold five businesses in the trucking industry, joined the Kansas City, Mo., organization in 2002.

Growing Fast -- and Smart

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So, you're ready to seize that business opportunity? First, answer these five questions.

Wall Street Journal
By DONALD N. SULL
June 16, 2007; Page R8
Much of the literature on entrepreneurship focuses on how to find and evaluate opportunities. But for many entrepreneurs and managers, seeing the opportunity is the easy part. The real challenge lies in seizing it.

THESE FIRMS ARE BITE-SIZING

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San Francisco Chronicle

A profitable feast: Food-related entrepreneurs are turning the Bay Area into a free range of innovation, and their customers are eating it up

How small business fake being bigger than they are

Interesting article I got through the Warrilow Weekly. I thought it
may give some of you ideas on how to make your business look bigger,
or just make your work easier.

From Warrilow Weekly
Wednesday, October 31, 2007

How small business fake being bigger than they are

There are a number of emerging tools and tricks entrepreneurs are
using to look big while running their businesses from small,
temporary or non-existent offices.

The Best Boss in the World: You!

Do you relish the idea of working for someone really talented, committed and smart?  Then working for yourself might just be the ticket.  We've all heard the statistics that say 1 in 2 small businesses fail.  But what about those that succeed?  What makes them tick?  We have a crash course on getting your brilliant business idea off the ground.

Think about starting a business as a journey.  You need a vision of where you want to go, a map and compass for finding your way and lots of mile markers along the way.  Even though it's trite to say that every great journey begins with a step, it is true.  Here is how you make your first steps:

1.    Talk - to everyone you trust.  Brainstorm with mentors, friends and family about your idea.  Will it fill a need?  Does your idea have "legs'?  Once you have exhausted your inner circle, branch out to acquaintances who may offer valuable insight.  Remember to wear your thickest skin.  You may need some extra protection when you hear some honest feedback on your idea.  Take the criticism and encouragement and run with it.

2.    Read - every business journal, newspaper, book and blog you can on the subject.  Chances are someone has tried to start a business just like yours and is willing to share their insight.
   
Need some inspiration?  The following books give insight on how others made it and what makes them great:
   
Losing My Virginity: How I've Survived, Had Fun and Made a Fortune Doing Business My Way by Richard Branson

Start-up: a Silicon Valley Adventure by Jerry Kaplan

Good to Great: Why Some Companies Make the Leap and Others Don't  by Jim Collins

Making of a Blockbuster: How Wayne Huizenga Built a Sports and Entertainment Empire from Trash, Grit and Videotape by Gail DeGeorge

3.    Research - do your homework!  Determine the market for your product or service - what is it now and what will it be in the future?  Who are the competitors?  What are your biggest obstacles to entry?

4.    Write - time to pick up the pencil and get started on a business plan.  This helps organize your ideas, forces you to answer the tough questions and gives your plan some structure.  Check out a new online software program, PlanHQ, which helps entrepreneurs not only through the planning process but guides them after the venture begins.

5.    Partner - new businesses have a greater chance of success if they headed by a partnership, rather than a sole practitioner.  If you choose this route, make sure your partner shares your values, vision and workstyle.

While starting a new venture is never easy, the rewards are endless.  Take that first step!




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