The U.S. Department of is Labor predicting that the No. 1 employer by the end of this year will be self-employment. Approximately 10.5 million workers were self-employed in 2007, and that number is expected to jump markedly, according to the DOL. Inflation is still at an all time low, slowing down the growth of our economy and most importantly slowing down the growth of new jobs being created. Entrepreneurship is not as hard as most may think and finding something that you’repassionate about and turning it into a business, is the right step. Controlling your own schedule, planning your own meetings and identifying your own clients are all benefits of becoming an entrepreneur.
In a recent article on MinuteManNewsCenter.com, self-owned businesses now make up about 80 percent of the GDP. Some experts contend that the success of small business owners will play a critical part in leading the country out of this economic crisis. A Merrill Lynch New Retirement Survey conducted in 2005, revealed that Baby Boomers would reinvent retirement and start news businesses in their later years.
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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.
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?
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Posted By: Andy Willoughby
Today, social media makes it easier for entrepreneurs and business owners to raise awareness about their products, grow businesses and reach out to business prospects. It is a simple tool that is essential in today’s business world.
In a recent article on www.businessinsider.com, nine steps to social media strategy were revealed.
Get focused and identify goals. Social media is the realm of public opinion and customer conversations. If you don’t have a clear idea of why you are there, anything you measure will be useless. He suggests you begin with the “big three” business objectives of higher revenue, reduced costs, and improved customer satisfaction.
Get attention and reach your audience. Measuring message delivery in social media is a lot like measuring it in classic advertising, so classic metrics apply. With social media, it is also important to identify how many people see your message as remarkable. That leads to the extra reach of word-of-mouth, commenting, and telling their friends.
Measure respect and find influencers. Your task now includes reaching the people who are key influencers, and understanding their impact. Therein lies the multiplier effect. Your message multiplier velocity and reach are the signals that your offerings have the right scope, spread quickly, and resonate with your target audience.
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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.
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.
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Posted by: Andy Willoughby
The road to becoming successful has always been hard, but here are four steps to ensure entrepreneur success by Entrepreneur.com author Kim Kiyosaki titled “The Four Keys to Raising Capitol”. ”The key to raising money, whether it’s to start or expand your business or to purchase and operate a rental property, comes down to four factors:”
The Project
The Partners
The Financing
The Management
“If you can show a prospective lender or investor that you have command over these four pieces of the puzzle, then selling will not be an issue, and you will attract more money than you thought possible.”
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