In this episode, a review of Porter’s 5 Forces and how they shape small business. Which forces may be working in your favor and which forces are working against you and your small business like the force of a hurricane. In this overview a look at each of the five forces and how they may apply in most any small business. At any given time or another one of these may be driving business to or away from you, in either case, it’s good stuff to know and good business sense to employ. It’s hard work
Once you’ve got you small business off the ground and are running on all cylinders, now what? Sooner or later every small business may hit a plateau, and no one knows how long this “plateau” may last. That isn’t the time to take the “wait and see” approach, that’s not how real go-hard go-getters and entrepreneurs get down anyway. In fact, that will be the time start considering advanced moves to position the small business for growth. When it comes to growing and moving beyond the plateau nothing but nothing is off limits, everything from guerilla marketing to getting a publicist to revamping the entire business is on the table, you will either Grow or Die. This podcast episode talks about advanced moves to “Grow or Die”. First things first, before making advanced moves, make sure not to get too far ahead of yourself by attempting big moves before the business is stable and ready. How do you go to the next episode?
Thinking about quitting your day job to be a Entrepreneur?
Before you go jump out of the window to start your own business, you might want to tie up some loose ends, and some ends not too tightly either. Quitting your job to do you can be a one of the most exciting moments in a Entrepreneur’s journey, however, your job should be a tool to help catapult you into that space. Your job may not be what’s holding you back, but could be what’s setting you in position. What are some of the very first things you should think about doing if you’re quitting your job and doing you? This episode talks about getting set up before you quit, transitioning and not looking back.
This week’s episode reviews how to grow your small business and not die while still being alive in business. How would you die and still be in business? When year over year and quarter over quarter results are the same, you might have hit a snag or flat spot in your business. Get stuck in that flat spot repeatedly and you’re dead, rather, the living dead …figuratively speaking of course.
Point is, you have to grow your business once its off the ground and moving. Now may be the time to make some big moves. In this week’s episode I discuss 5 big moves that’s necessary to help fight off the rigor mortis that awaits if you don’t get to shaking and moving. Using the strengths of a small business, pivot, pivot, pivot ….Grow or Die.
So, the new year is fully under way and you might have decided to make this “Your Year”. This is your year to move from “Side Hustle” to a “Small Business”. If that’s the case, just know that NOW is always the time to make things happen. Once you get going with your small business you’ll figure that out right away. On this episode I touch on few key things to keep in mind for taking the leap. It takes some serious bravery and courage to come to the decision that you can make things happen yourself when everyone else is playing follow the leader. Born leaders find they fit into these shoes quite comfortably, regardless of how many people warn them of how big and heavy these shoes are.
However, be not blinded by your own fervor or monies, due diligence is still a requisite practice as it relates to getting your finances in order, credentials and meeting regulatory mandates. Don’t skip the business plan either no matter how difficult, no need in taking a long trip with no road map. The more planning the better the possible outcome, and you understand possibilities over guarantees because that’s the nature of business. Many folks are stuck on the fence and forever will be as they are waiting for some magical unicorn with a flashing sign stating “Guaranteed Success” before reaching out on their own, watch out for them, they’re a bit contagious. A true entrepreneur probably won’t get caught in this pipe dream, especially one that has primed the market as a side hustle all along before leaping.
Are you a business owner or did you buy yourself a new job?
All too often we want to pick up and take our skills to market for ourselves to start a new business and make all of the money for ourselves. We decide that we can do it, we can just do it all and leave our jobs to do just that. Take the skill-set you have (doesn’t matter whether you’re a cook or an accountant it’s the same approach), add a little money and “BAM…” you’re in business for yourself. No more reporting to that boss who isn’t half as smart as you are. No more doing the work for everyone else to get the credit and the money. Considering you are at the heart of the business, the heart of the productivity, basically you are the business right? Well, not so fast… Before you go that leap into business first consider if you are taking a leap to go start and run a business or just to buy yourself a job, in which case you are simply “self employed” in the truest sense of the term. Meaning you’ve secured yourself employment, about that business part …well being a business owner is actually something else entirely. There are a few simple questions to ask yourself to get some clarity on it all too. First question: Can the business run without you being there to produce or overseeing the production? Right there, that should help put it in perspective for you. Today’s podcast talks about identifying the differences and transitioning into self employment, owning or running a business.