Category Archives: Entrepreneurship

4 Reasons Why You Shouldn’t Build a Great Business Alone

So many people in our society seem hell-bent on doing everything themselves. No help needed, thank you very much. Maybe they think it’s more noble to go it alone, they feel like they can’t afford to hire anyone, or they feel weaker when someone else is lending a hand. I think this is a real…

Are You an Entrepreneur, or a Business Owner?

This may strike you as a trick question. I mean, they’re the same thing, right? Well, to me there is a world of difference between them, and this is one thing you want to be clear about as soon as possible, because it can make a huge difference to your happiness and fulfilment. The crucial…

5 Things to Look for in a Business Partner

Teaming up with someone to build a business can be one of the biggest decisions you ever make. All too often, people enter partnerships with a hazy, idealistic vision (or worse, no vision at all) and simply choose their business partner based on friendship or financial need. Please remember this: no matter how big or…

Will Increasing Sales Really Solve Your Problem?

Cash crunch. Tough times. Slow sales. So you do anything and everything you can think of to bring in more customers. But is that really going to solve the problem? Short term, sure. And I know it’s hard to think long term when you’re stressing out about paying the bills! There are some other factors…

10 Ways to Wake up Excited to Go to Work

OK, let me just say right here and now, I do not jump up out of bed every morning, thrilled to greet another day with nothing but love and light in my heart. I have cozy, quiet days too. Sometimes I just love sleeping in, savouring a comfies-style morning. But on the whole, life is…

Building Your Brand with Your Values

In boardrooms, kitchens and cafes across the nation, people are building great businesses. And inevitably, they must ask themselves the following questions (hopefully sooner rather than later): what’s my brand? How do you put a brand together? How do you know you’re on the right track? Why the heck is a brand so important anyway?…

Why Your Competition is not the Enemy

Unless you’ve cornered the market in a super-exclusive niche, chances are you’ve got competition for your business. Maybe they don’t sell the exact same widgets you do, but you’re competing for the same customers’ dollars. Here’s a tough but absolutely vital question to ask yourself: are they doing it better? Maybe you’re doing really well…

How to Make Better Decisions

“Choose wisely.” Remember that tip Indiana Jones got near the end of the Last Crusade movie, when he had to decide which goblet was the Holy Grail? The consequences of his choice were pretty simple: immortality, or immediate death. Not every decision we make in life will be so dramatic, thankfully. But if you look…

How To Finance Your Business

Here it is: the scary stuff. Money. It’s what holds so many people back from pursuing their dreams, and that is so sad, because it may not be as difficult as you think. As I talk about in this episode of The New Entrepreneur, I didn’t have any money to invest when I started my…

Should You Buy an Existing Business?

Maybe you have your eye on a business in town – either because you love it and know how successful it is, and can predict how profitable it will be for you, or because you see a fixer-upper that you can buy cheap and turn into something amazing. Whatever your motivation, there are lots of…

What You Need To Know Before Buying a Franchise

Some people would never consider a franchise, because they couldn’t imagine giving up that much creative control over their business. Other people think a franchise is a guaranteed path to big-time profits. Neither assumption is entirely accurate. There’s a lot to consider when you weigh the drawbacks and benefits, and I’ve spent a great deal…

Why Pretending to Be Successful is Keeping You Broke

There’s a crazy amount of advice out there on how to be successful, and I’ve read and lived a good amount of it. I have so much sympathy for everyone out there who is confused by all the conflicting information! One issue I see coming up constantly is this: people think that by acting successful,…

How to Protect Your Ideas

Patents, copyright, trademarks–it’s all just legal mumbo-jumbo that isn’t really relevant for a small business-owner, right? Well, it depends. If you’re not doing anything terribly new or unique in the market, you probably don’t need to worry about this stuff. And while I find it fascinating (sorry, I’m a geek – what can I say?)…

Contribution vs. Competition

“This is the moment – the most important moment right now. Which is: We are about contribution. That’s what our job is. It’s not about impressing people. It’s not about the next job. It’s about contributing something. The competition game is all about success and failure. We judge ourselves by other people’s standards, or by…

How to Write a Business Plan

A business plan is your dream on paper, where you consider your business from every angle and write it all down. It doesn’t need to be extremely formal, at least not at first. Let yourself have fun with this process while you’re creating direction for your business. Answering key questions for yourself will help narrow…