Tips for Entrepreneurs Around the Holidays

Tips for Entrepreneurs Around the Holidays

It’s just about that time of year again; visions of delicious turkey dinners have begun to dance around in everyone’s heads, and Christmas is just around the corner.  The holidays will soon be with us, once again.  While for most people the holidays are a time of rest, relaxation, and celebration, for entrepreneurs it can often be one of the most stressful times of the year, as everyone’s relaxed work ethic gets in the way of meeting deadlines and obligations. We’ve got some tips that can help you keep your […]

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The Dark Side of Entrepreneurship

The Dark Side of Entrepreneurship

Today, we are going to take a look at a story that has been in the news recently, and reflect on a little discussed topic: the dark side of entrepreneurship. If you’re not sure what I’m referring to, picture the child labor practices common during the Industrial Revolution, or think about the behavior of the robber barons during railroad times.  While capitalism and entrepreneurship are the major drivers of our economy, left unchecked they can ruin cultures and countries as well as enrich them. The event we are going to […]

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Stay Away from Software and Service that Doesn’t Really Add Value

Stay Away from Software and Service that Doesn’t Really Add Value

One trap entrepreneurs have been known to fall into is investing in software or equipment that they end up not needing.  Stories abound of new software platforms and packages purchased by enthusiastic management that end up negatively impacting the organizations they were intended to help.  One thing that should guide every purchasing decision an entrepreneur makes is whether or not the purchase will really add value to their services, and enable them to sell more of their own products or services. An example of a software product that just isn’t […]

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Advantages and Drawbacks of the Entrepreneurial Mindset

Advantages and Drawbacks of the Entrepreneurial Mindset

Today we are going to look at several integral characteristics that entrepreneurs must have in order to succeed in the modern marketplace, and examine how they can be advantages or drawbacks depending on how a person chooses to express them.  Entrepreneurs have to be careful to mitigate their disadvantages and play to their strengths whenever possible, in order to exploit their comparative advantage in the marketplace.  Think about how each of these characteristics can be beneficial or harmful, depending on circumstance: Agility – An agile business is an extremely adaptable […]

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Some Tips About Non-Compete Agreements

Some Tips About Non-Compete Agreements

If you have ever started a company and then sold it to someone else, you are likely familiar with the non-compete agreement, which is the bane of serial idea entrepreneurs everywhere.  Usually, it is an arrangement legally binding the seller of the business to not act as a direct competitor to the person they sell the business to. While this makes sense, and is a common-sense protection on the part of the buyer, if you aren’t careful you can get trapped in an overly restrictive agreement; not all NCA’s are […]

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