Best 101 Entrepreneurship Quotes Ever · 14 Clicks I’m a big fan of quotes. I could read them all day long. Some quotes can shift your entire mindset on something while others are just nice to bring up in conversations. I’ve spent the last two years (off and on) compiling 101 of my favorite entrepreneurship quotes around success, failure, leadership, wisdom, humor, money, practicality, motivation, and a smattering of entrepreneurial proverbs. Success Quotes Failure Quotes “Failure defeats losers, failure inspires winners.” Leadership Quotes “Leaders don’t force people to follow, they invite them on a journey.” Wisdom Quotes “The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts.” Humorous Quotes “I think it’s wrong that only one company makes the game Monopoly.” Money Quotes “Formal education will make you a living. Practical Quotes
Pricing Problems and The New York Times Digital Subscription - Peter Merholz by Peter Merholz | 10:20 AM March 28, 2011 When the The New York Times announced its digital subscription plan, which begins today, it was met with a fair bit of skepticism and confusion. If it fails to live up to expectations, it will probably be seen as yet another nail in journalism’s coffin. It’s not that The Times shouldn’t charge for its content — it has every right to earn money for its work. As in so many aspects of customer experience, it pays to look at what Apple does. Netflix won the video rental market in large part because of simplified pricing — you paid a certain amount per month, got a certain level of service, and that was it. If you look at the companies that offer the most confusing pricing plans (telcos, health insurance providers, most major airlines), they are also the companies that deliver the poorest customer experience. Just as Netflix totally disrupted an existing industry with their pricing scheme, so has Southwest Airlines.
The coffeeshop fallacy Lots of people think they want to start a coffeeshop. They likely don’t. That’s like buying a minimum wage job for two hundred grand. What they want is to be a customer and sit in a cafe, drink coffee, be nice to people, and possibly curate an art gallery. We’re good at recognising when we receive pleasure from consuming a certain good or service. Max Levchin (paypal, slide) said something to the effect of: You you can’t be in love with a particular idea or business. It’s one of those quotes that has haunted me, in no small part because Max has been so successful in such a wide range of pursuits and because I both understand his reasoning and [somewhat] disagree with his conclusion. Here’s a working definition of the coffeeshop fallacy: The coffeeshop fallacy is a mismatch between the work one imagines to be involved in a pursuit and the actual day-to-day labour. It preys on actors, artists, founders, and more A stoic solution I think I can see where Max is coming from.
Business Plans - Find a Sample Business Plan at eNotes The business plan sketches out the services or products a company wants to sell, the targeted objectives, the marketing strategies and the business model followed, capital required and financial projections. The successful implementation of the business plan needs to take in consideration the customers and the market competition. The important elements of a business plan are company description and strategy, business environment, action plan and financial review. The company description must emphasize the special abilities (technologies, operations, services, finances) that the company has as an advantage over competitors. The company strategy must present the marketing plan of the company. The business environment presents the place of the company on the market, the customers needs, the competitors, the superiority of the company's products or services with respect to the available products.
Is Starting A Business Safer Than Your Job? [Infographic] What's Better - Getting a Job or Starting a Business? With a slow economy, many people have turned to entrepreneurship as a means to pay the bills. Which begs the question, what’s better today — getting a job or starting a business? We dug deep to find out the numbers and have compared the risk of starting a business to keeping a job. If you’ve ever thought about starting your own company, take a look at our graphic below to help decide if entrepreneurship is right for you. What do you think? Small Business Loans Made Simple Create a Free Lendio Account Overview “Laid off? “True entrepreneurs reduce risk to the point that action becomes quite logical.” Unemployment Rate: 9.1% 26% of North American workers are self-employedIn 2008 on average 2,356 people went into business for themselves every day.Their ventures accounted for 78% of U.S. businesses SELF-EMPLOYMENT There are only four paths toward business ownership: Among the fastest-growing industries are: Reemployment figures: To reduce risk:
The 80/20 Rule | Results Junkies This is the first in a series of posts about the lessons I wish I’d learned earlier in life. This may come as a surprise but I’ve all but given up on achieving a real work/life balance. Rather, I’ve started to benefit tremendously by introducing a little imbalance into my day. I’m referring to the 80/20 rule of time management, which is rooted in something known as the Pareto Principle. What is it? I first came across the 80/20 rule when I picked up “The 80/20 Principle: The Secret to Success by Achieving More with Less” (Richard Koch). Simply put, the 80/20 rule states that the relationship between input and output is rarely, if ever, balanced. According to Wikipedia: The Pareto principle (also known as the 80-20 rule, the law of the vital few and the principle of factor sparsity) states that, for many events, 80% of the effects comes from 20% of the causes. Some Practical 80/20 Tips 1. Reason: 80% of the activities give only 20% of the value List and look at all your activities. 2. 3. 4.
10 Ways To Come Up With A Million Dollar Business Idea Question from a reader: Brian, I am loving the book for its inspiration as I have been contemplating quiting my job. I have more than sufficient $ to take some time off, so last Friday I went ahead and put in my two weeks. It’s a scary feeling to do this especially without a side business already up and running, but I can afford it. Best, A.V. Great question, and one that is on many people’s minds. Look at what frustrates you. I’ve done all of these at some point, and still do many of them. What others did I forget to mention?
Business Idea - What's Next? The business idea is a starting point for any current or future entrepreneurs. It is important because it is beginning of a new life – a life of a business and a life of an entrepreneur. But, the idea is most important only in that initial stage of startups. An average person always has some type of idea. Well, we have an idea and now the question is: what’s next? 1. Every business relies on selling something. What product or service you will offer? What are the features of that product or service? What are the benefits for potential users of that product or service? What will be additional services offered by that product or service? 2. You already have an idea, and you already have defined the product or service that will be offered to the market. In which market you will offer that products and services (city, region, country, continent, …)? What will be the consumers of these products or services? 3. Next important element after the products, services and market are competitors . 4.
3 Simple Homemade Lip Balms - Your Lips've Never Been Yummier Three Amigo Lip Balms Waiting for a homemade lip balm to set up is a little like developing a Polaroid. You stand there and watch. And then you watch. So my first recommendation when making your own homemade lip balm: Pour it in your container and walk away. Seriously. These are the three homemade lip balm recipes that I’ve enjoyed the most over the past couple of years. One is made with lavender essential oil, one has a main ingredient of coconut oil, and the last … well, it’s peppermint-chocolatey goodness. Now, with all these recipes, you can substitute whatever essential oils you have on hand (or prefer). This recipe uses honey, which gives the balm a heavenly taste. Note: This lip balm is relatively soft, but I think it would hold up just fine if you wanted to pour it in a clean lip balm tube. Luscious Lavender Lip Balm Recipe Warm the oils, beeswax and honey in a small, stainless steel pot or bowl. More About the Color If you recognize the tube shape, then maybe you’ll know. Big love!
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How To Build Your Facebook Landing Page (If You’re Not A Programmer) Update: As you know Facebook no longer supports FBML for its tabs, which is what this post was based on, but there is an updated post about How to build a Facebook Landing Page with iFrames – Don’t miss it! Building a Facebook Landing Page is easier than you think, even if you are not a programmer. This week we’ll look at a topic that might seem basic for some. For other people, specially new visitors, this might feel like “been there done that”. A guide to building a basic Facebook landing page. Also as usual, let’s start at the beginning. Why Is A Landing Page Important? The landing page is usually setup as the “Welcome” tab for people that has not “Liked” the page. But the Facebook Landing Page is important for two main reasons: The Wall is generic, there is no distinction between one page or another. Just ask yourself this question: What about the Wall makes me click on the “Like” button? What Is The Main Goal? The magic happens on the News Feed but first… you need a “Like”. Be creative.
Small Business News for Entrepreneurs 99 interview tips that will actually help you get a job We all have to make a living somehow — and most of the time that process starts with a job interview. The only problem is that most job interview tips are either so basic that they aren’t useful or so ridiculous that they are just a waste of time. That’s why Passive Panda has put together this comprehensive list of interview tips filled with the real essentials that you actually need to know. Focus on what really counts Yes, it’s true that you should polish your shoes before an interview. But let’s get real. Do you actually think that any of those tactics are going to win you the job? Maybe if it’s really really close. Instead of worrying about 10 little things that could be a tiebreaker, why not spend time thinking about the stuff that actually matters? So with that said, here are 99 interview tips that will actually get you the job. I. II. III. IV. V. VI. VII. VIII. IX. Let’s get started. I. 1. 2. 3. 4. 5. II. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. III. 22. 23. 24. V.
Top 30 Open-ended Questions Open-ended questions are one of the most important tools for those who sell (as long as you listen). They help you gather information, qualify sales opportunities, and establish rapport, trust and credibility. If you consider yourself a professional, own (absolutely know) a repertoire of powerful open-ended questions … questions that are answered by more than a simple yes or no … questions where the prospect / customer gets directly involved in the sales discussion. The key here… Ask the question and let the prospect/ customer give you their answer. No leading. Just in case you’ve not had the opportunity to put yours down in writing, here are some of our favorites. Write down the ones you find valuable. It’s all about sales®. If you like these questions, you might also like the author’s message on commitment called Cross The Line. Top 30 Open-ended Questions (questions to gather information, qualify sales opportunities, and establish rapport, trust and credibility)