Tag: entrepreneur

Notable Business Quotes Pt: 1

business-quotesThere are so many powerful business men and women out there that have years and years of experience and knowledge that have allowed them to ascend the corporate ladder. This knowledge and experience is able to be passed on to young professionals, entrepreneurs, and really just about everyone. There are millions of quotes out there from top executives, A-list celebrities, and more on how to acquire wealth, how to influence people, how to make friends, and how to put your best foot forward. One of my passions is to read these quotes, really think about the meaning of it and see how what someone else says affects me personally. The following list is part of a series that will showcase some of the more notable and inspirational quotes that I have absorbed and try to incorporate into my daily life. Enjoy and please share!

1. Warren Buffett – Business Mogul and Investor Extraordinaire:

“Time is the friend of the wonderful business, the enemy of the mediocre”

 

2. Albert Einstein – Theoretical Physicist and Brilliant Mind:

“Try not to become a man of success, but rather a man of value”

 

3. Henry Ford – Innovator and Founder of Ford Motor Company:

“A business that makes nothing but money is a poor business”

 

4. John Quincy Adams – Sixth President of the United States:

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader”

 

5. B.C. Forbes – Journalistic Icon and Founder of Forbes Magazine:

“When you delve deep enough, you find that practically every great fortune and great enterprise in America has sprung from the courage enterprise of some individuals. It was Commodore Vanderbilt’s enterprise in switching first from running a ferryboat to running other ships, and then, when he was well along in years, his enterprise in switching into railroading that created what was to become one of the most notable fortunes in the history of the world”

 

6. Andrew W. Houston – Founder and CEO of Dropbox:

“No one is born a CEO, but no one tells you that. The magazine stories make it sound like Mark Zuckerberg woke up one day and wanted to redefine how the world communicates [by creating] a billion-dollar company. He didn’t.”

 

7. Biz Stone – Co-Founder of Twitter:

“Timing, perseverance, and ten years of trying will eventually make you look like an overnight success”

I hope you will all join me again soon for the second installment of notable business quotes. It is one of my passions and may become one of yours

Thank you for viewing!

Nona Black

Tips for Today’s Entrepreneur

entrepreneur

Welcome back for another entrepreneurial and business based article. If you’ve taken a look at my other articles, presentations, and websites you probably have seen that I think of myself as being quite business savvy. I love to read up on new ways to increase productivity, remain focused even at 3:00pm, and generally excel each day work. The post you will read below is another helpful, quick read on how to be the best entrepreneur you can be, because the more you know, the more you can accomplish. Enjoy and please feel free to share!

Take Risks:

When you decided to pursue your dreams, quitting your job, and striking out on your own, you took a risk. Most people don’t have that strength and fortitude, so in a sense you’ve already completed the hardest step. Don’t be afraid of making calculated risks over the course of your business because they will give you help you learn even more and could prove to be extremely beneficial for you and your business.

Use Quora:

If you’ve never heard of Quora, you should definitely look into creating an account like yesterday. This social platform allows you to follow blogs, topics, profiles, and questions on specific niche topics. You can ask questions on anything and even share your own answers to other people’s questions. Answering questions helps solidify your authority on different topics and aids you in building a following. Social networking and user interaction on social profiles is a big factor in growing your business. You can find my profile on Quora by clicking here.

Cold Email:

Don’t be afraid to cold email anyone and everyone. Sending out emails on news stories and updates with your business to loyal or new customers will help grow your company and solidify your brand name in the customer’s mind. You will become their first and last provider for whatever goods/services you are providing.

Use a Journal:

Some of the greatest minds in history have been known to write down all their thoughts in a journal so they never forgot a great idea. It didn’t matter if it was during the middle of the day or middle of the night, these brilliant people would always have a pen and paper near by so they could cement their ideas in ink to come back to later. Yes, some of the ideas were probably a little out there, but where would we be without some of the mind-bending books, movies, and other entertainment we currently consume so much of. Check out this article from Supercompressor on brilliant people and their thought journals: http://www.supercompressor.com/tech/9-creativity-hacks-geniuses-use.

Network Like a Boss:

Stay connected and be up-to-date on networking events that you can attend. Be sure to stay in touch with alumni and professors from your college or university, join LinkedIn, and look up local meet-ups in your home city. Networking allows you to share valuable information on your business with others, meet new people, seek out investors, and more. Make sure you have your elevator pitch nailed down.

 

Thank you for reading!

Nona Black

Starting a Small Business Pt: II

businessWelcome back for the second installment of starting a small business. If you’re reading this then you must have read the first piece on starting a small business and the important factors that must be considered and enacted early on. In the first section of this two part series I highlighted the importance of multiple factors like setting team expectations, managing your employees without an ego, having a clear set of processes, creating a solid foundation, and getting open and honest feedback from your team or employees. In this new installment we will discuss some more variables to keep in the forefront of your mind and lock down immediately to ensure the success and growth of your new business.

Transparency is Key:

You want to be as open and honest with the people working with you and for you as possible. Your small business shouldn’t be hiding anything from the people that are dedicating their time and efforts to growing your company. The more your employees know the better because they will be more involved and committed to the cause rather than being in the dark.

Document Progress:

Start documenting your company’s progress and recording all your milestones. Knowing where you started and where you are at any point in time will give you a realistic point of view as to how your company is performing. It can also be extremely useful to share with potential investors when they ask about your progress from the beginning. Documenting your progress will also show you real time numbers and data so that you can accurately map out the future of your business and the potential ability to scale.

3 P’s:

There are 3 P’s that exist in each and every business that are extremely important to your business. The first P is “Process” which alludes to knowing and understanding all of the processes your company uses on a daily basis. The second P is “People” which is related to filling your company with good, hard working individuals that are going to propel your business to the next level. The last P stands for “Product” which is the main point of your business when it comes down to it. Product is what you sell and what makes your money, so knowing the ins and outs of the product(s) you are selling is vital.

Supreme Customer Service:

A rock solid customer service team can be the difference between a sale, a continuing customer, or a good review online. Your customer service team must be well-versed in all aspects of the company and be able to handle tough situations or questions with potentially upset individuals. Your customer service team will help lay the groundwork for your company’s reputation and growth from the very beginning.

Data-Driven Decisions:

This is your business, this is not a gamble at the casino, so make sure all decisions you make are rooted in numbers based information. Before making any decision with your small business make sure it makes sense from a numbers point of view because in the end numbers don’t lie and if it doesn’t make sense on paper, it most likely won’t off paper either.

I hope you enjoyed all the tips I had for owning a operating a small business. It was my pleasure to provide you and young entrepreneurs with some helpfuls ideas on how to ensure the growth and prosperity of their businesses. Be sure to check back again soon for more helpful information.

Thank you for reading!

Nona Black

Starting a Small Business

businessStarting a small business can be quite an experience. There is so much going on that it can be hard to keep everything straight and staying focused. One of the major goals you should have if you choose to set up your own small business is to lay out the rules and expectations as early on in the process as you can. The last thing you want is a tumultuous relationship with employees or have minor systematic breakdowns which will slow down your business processes and overall growth. I have taken the liberty of listing out some of the most important things you need to accomplish when getting your small business off the ground and moving forward. Enjoy!

Set Team Expectations:

In your company the whole employee base is one big team. All employees must work together cohesively if the business will ever succeed. The whole system is only as strong as it’s weakest link. Be sure to be extra clear with employees that they need to work together and there are expectations of them and strong accountability for their actions. You should always make sure everyone is on the same page and that employees are understanding and okay with the processes that are set in place.

Managing Without and Ego:

Always keep a level head and never go on a power trip. What do I mean by powertrip? Never feel that you as the owner and boss are entitled to take shortcuts, take frustrations out on employees, or treat others as though they are beneath you. Always keep a calm and level head, and your employees will recognize it. People are more likely to relate to someone on their level rather than the one of the pedestal.

Clear Process:

Having a clear and understood process of events and ideas is what helps a business run efficiently and effectively, while promoting growth and innovation. No one in your small business should be left in the dark on how to accomplish a certain goal or be lost in terms of finding specific information. There needs to be easy to use and understand processes of events that will sure the company thrives with you at the helm.

Create an Unbreakable Foundation:

Everything starts somewhere, and for your business that place is the foundation. A strong foundation is said to be able to help whatever grows on top of it withstand any adversity. Make sure from the very beginning that what you are growing and changing has a targeted direction and there is sound data and information backing up why you are doing what you are, where you plan to be, and everything else in between. Create an unbreakable foundation before moving on to anything else to ensure success and prosperity.

Getting Feedback:

For many small business owners it is their first time managing their own company or people in general. Sometimes a first time boss can accidently turn a blind eye to certain things going on. This is something that naturally happens, but a great tactic to help combat unseen variables is by encouraging open, honest, and frank communication between employees and boss. Employees should feel comfortable going to a boss with ideas for change and not intimidated by authority titles or fear of resistance.

Hope you enjoyed part one of tips for starting a small business. Be sure to check back again soon for more.

 

Thank you reading!

Nona Black

Tips For Business Owners

nona-black-business-ownerIf you own and operate your own business you need to grow your business and always keep an eye on the prize. When you envisioned being the leader of your own company you had a vision and ideas that you wanted to see come into fruition. It is your job to make those visions and dreams into reality. Below you will find some helpful tips that will aid in the growth and success of your company. Enjoy and feel free to let me know if you think there should be more on this list.

Focus:

Its easy to get distracted in today’s world with technology, friends, and more. Focusing on your business is the most important thing you should be doing. You should be dedicating most of your time to the growth of your company and forgetting about the extraneous things going on around you. Don’t get caught trying to juggle multiple projects outside your business or you’ll be destined to fail. The best advice I can give for this point is, do one thing perfectly, not a bunch of things poorly.

Do What You Know:

Don’t get into an industry you know little about or start a business based around products or services you aren’t familiar with. Do what you know and do what you love. Build your business on your strengths and passions, not your weaknesses. You will have a much better chance of success doing what you know rather than learning more than you can handle along the way and asking too many questions.

StartUp Mentality:

You should always feel like your pants are on fire. You should be moving around with efficiency and thoughts constantly swirling around your head for ways to improve what your business does and provides. If you’re just getting started with your business, understand you’ll need to make cutbacks and sacrifice certain things. Forget about getting a sprawling, technology filled office space in the nice area of town, and think more like your garage. Being frugal and watching all your costs needs to be at the forefront of your mind.

Learn Quick:

Owning and operating a business is tough and often requires you to learn things on the fly and figure stuff out by yourself. Business books and entrepreneurial articles can only teach you so much, but at the end of the day your business is riding on you. Understand that there will be rough patches because no plan has ever not had pitfalls or troubles, but it’s up to you to rise to the occasion and perform to the best of your ability.

Know When To Quit:

This tip might be the most important one on this list. Knowing when to quit a project or a plan with your business is something that is hard to master or even consider, but you need to realize that some plans are destined to fail and if an idea isn’t panning out and costing you too much time and money, it may be time to pull the plug. It is always an easier decision in my opinion to have a partner with you for each step so you can gain a new and different perspective, and make the most informed decision possible.

Hope you enjoyed the article and good luck with your business. Check out some of my other articles on successful business practices and corporate tips here.

 

Thank you for reading!

-Nona Black