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10 Networking Questions That Work

Wednesday, October 13th, 2010

Posted By: Andy Willoughby

In a recent post by Ivan Miser on Entrepreneur.com, Miser highlights 10 networking questions from his friend, Bob Burg. He encourages everyone to use these tips when networking with others.

shaking hands 300x198 10 Networking Questions That Work

Bob Burg’s 10 Networking Questions That Work Every Time

1.  How did you get started in the (______) business?

2.  What do you enjoy most about your profession?

3.  What separates you and your company from the competition?

4.  What advice would you give someone just starting out in the (______) business?

5.  What one thing would you do with your business if you knew you could not fail?

6. What do you see as the coming trends in the (______) business?

7.  What significant changes have you seen take place in your profession through the years?

8.  Describe the strangest or funniest incident you’ve experienced in your business?

9.  What ways have you found to be the most effective for promoting your business?

10.  What one sentence would you like people to use in describing the way you do business?


Seattle Entrepreneur Introduces Innovative Hotel

Wednesday, October 6th, 2010

Posted by: Andy Willoughby

I would like to share an article published by Jennifer Wang of Entrepreneur Magazine which reflects on creative new age techniques that one entrepreneur has used to get his business noticed. Alex Calderwood has created a new style of urban hotel which is pitched not as a place to stay while on vacation or business trips, but as a lifestyle.

Picture 541 232x300 Seattle Entrepreneur Introduces Innovative Hotel

Calderwood’s visionary ideas, to name a few, incorporate the option for guests to purchase a hotel room that comes with a Brita water filter and a pair of special edition Converse sneakers.  ”Ace Hotels reflect Calderwood’s individualistic spirit. Seattle’s Ace–the chain’s first–is like nowhere you’ve stayed before. Located in a bustling downtown bar district, the hotel has unobtrusive double glass doors that open onto a flight of stairs leading up to the front desk and narrow hallways that resemble a modern art installation.

Read More:


Keys To Owning Your Own Business

Wednesday, September 22nd, 2010

Posted By: Andy Willoughby

Owning your own business can have its ups and downs. It is nice to be in charge, make your own schedule, and be flexible with how your spend your time within the company. Creating a business plan is very important in the beginning, setting goals for the company and understanding where you want to see your company in the future are very important strategies to implement.

business school 300x225 Keys To Owning Your Own Business

TheNetworkJournal.com wrote an article about keys to owning your own business. Below are some of the tips that I found to be helpful

Follow Your Passion
Select a business that allows you to work in your “passion” field. For example, if your passion involves preparing meals for large groups of people, you could open a restaurant, banquet hall or fast-food stand. Working in your area of passion will motivate you to meet your goals and to “hang in there” when customer support lags or access to capital stalls. Passion will also help you to commit to the success of your firm.

Writer and mountaineer, W. H. Murray, put it well when he said, “Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation) there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issue from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way.”

Create a Business Plan
Dedicate one month to writing your business plan. Anne Wenzel, CEO of Econosystems (a consulting firm for small businesses) states that, “To successfully create an effective business plan and strategy document, you should commit to setting aside several hours of uninterrupted time each week for several weeks.” Include the following areas in your business plan: Overall Summary, Mission Statement, Company History and Executive Team, Marketing Plan, Financial Statements and Market Analysis.

Of the above business plan components, it is market analysis that will help you to measure the public’s appetite for products and/or services that you offer. Market analysis includes demographics about your potential customers (i.e. age, gender, hobbies, marital status). Market analysis also includes market trend studies and the numbers of competitors in your industry.If you start a company in a saturated market, you could still achieve success by focusing on unique and distinguishing identifiers that your business possesses. For example, you could offer a product or service differently. Amazon.com did this when they offered books at discount prices for sale over the Internet. They recently extended their offerings when they rolled out Kindle, a tool that allows readers to enjoy a story with the click of a button. For more information about business plans, check out the Small Business Administration’s “Small Business Planner” section.

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How To Rebuild Your Credit Score

Wednesday, September 15th, 2010

Posted By: Andy Willoughby

A credit score is very important. Having a poor credit score can reflect and even restrain you from purchasing things you both want and need to survive. A credit score scale is what measures your actual credit score and explains the impact.

There are several factors involved with a credit score. The FICO score is a number that ranges from 0 to 780. A good credit score is one that is above 620. Not making payments on time and collection accounts reflect poorly on credit scores.

Below is a helpful video about how to rebuild your credit score.


Getting The Most Out Of Your 401K

Wednesday, September 15th, 2010

Posted By: Andy Willoughby

For those of you who are unaware of what a 401k is. It is a savings plan that allows employees to contribute a fixed amount of income to a retirement account and defer taxes until withdrawal. 401k is incredibly important to maintain throughout the years. So when you retire you have a way to survive after employment.

Below is a informational video about how you can take advantage of your 401K.


Entrepreneur.com Names The Best Small Business Work Places of 2010!

Friday, September 10th, 2010

Posted By: Andy Willoughby

Each year, big and small businesses alike strive to achieve the “best place” to work at status. So, what does it take to win this high honor?  It’s not always about free coffee, donuts and days off.  In fact, it is much more than that. It is how the employees feel, how they are treated by superiors and how comfortable they feel in the workplace.

happy employees image 2 300x199 Entrepreneur.com Names The Best Small Business Work Places of 2010!


Here is the list from Entrepreneur.com, naming the best small businesses to work at in 2010.

1. Dixon Schawbl

Location: Victor, N.Y.
Employees: 82
www.dixonschwabl.com

2. Radio Flyer

Location: Chicago, Ill.
Employees: 55
www.radioflyer.com

3. Badger Mining Corp.

Location: Berlin, Wis.
Employees: 156
www.badgerminingcorp.com

Complete List