The key to building a business is effective time management. As Bob Perkins recently wrote, “The most important lesson any entrepreneur can learn is to spend their time more carefully than they spend their money.” The last thing a busy entrepreneur wants to do is add another item—like reading a long business book—to their lengthy to-do list.
I was interviewing the CEO of a startup who was complaining about his lack of funding. My observation was that he’d probably run out of enthusiasm long before he was crushed by lack of funds.
Conventional wisdom says that those who forget the past are doomed to repeat it. I say when you study other people’s past, you can avoid their mistakes and find a clear path to success. Here are five things I've learned over my career that may help you.
If business leaders made a list of terms used a lot but worked on a little, networking would come in first. I like to think of networking as sort of a cosmic AirBnB: “Have a spare minute that I can rent?” Or maybe early eBay: “I’ll trade you my bit of knowledge on marketing for your bit of knowledge on accounting.”
We're in the final week of tax season, so that leaves you only a few days until Monday, April 18th to get your business' taxes completed. While preparing to file your taxes may seem like a long and tedious task, there are many resources that will help you minimize your time stressing over all of the paperwork and increase your efficiency in organizing the information necessary.
Nothing is certain but death… and changes in the tax code. Even if you pay a hefty sum to an accountant to handle your books and tax filings, it's important that every small business owner be aware of key changes in policy that could impact your bottom line. If you're not paying attention to relevant legislation in Washington, you could miss out on a huge deduction—or incur a huge penalty.
Hey there, entrepreneur. Welcome to the Small Business Nation blog! We launched SBN as a resource for small businesses and startups. Our goal is to create a community where entrepreneurs can exchange ideas about building successful companies and find tips and tools that will help them succeed.