Archive for the ‘Articles’ Category
April 26th, 2011 | 
Author: There are three guidelines for the best businesses to start in a bad economy: Flexibility, Need and Expertise. Let me tell you a story or two to demonstrate.
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So you want to make a Droid app and think you have some pretty good ideas for what you want to make. You just might. I don’t want to dampen that enthusiasm. I do want to see if I can help you channel that into a successful way of thinking about your project.
So first things first: cash flow and time. With these two currencies, all other things are possible. Without them, nothing is possible. – Tim Ferris
These days building a values-driven business is a no brainer, just ask salesforce.com’s Foundation’s creator Marc Benioff and he’ll tell you all about it. You see philanthropy starts with an idea, and he developed a great strategy around giving. He needed to decide what issue or issues the company will be addressing and why, and what form the philanthropy would take. He thought about how the philanthropy would be accomplished, and what would be the long-term goal. He also wondered how will it all fit into the company’s core values. His vision became clear: to use salesforce.com’s people, technology and relationships to improve communities, inspire youth to be more successful, support the world during times of extreme need, and promote compassionate capitalism.
Think about the times you have said something like, “Why hasn’t someone invented a product that would do ______?”
An early stage company is looking at steep financial requirements as it ramps to the next stages of growth. Many companies have bootstrapped their way to success. However, seeking investment may enable the CEO to speed growth. What criteria are useful in evaluating these two options?
Entrepreneurs juggle so many problems at the same time that it can be difficult to identify the root causes and solve the problems. Your business began because you saw a problem and knew you had a solution. You know you’re a problem solver but it seems as if the problems keep growing as your business grows. Continuous problem solving instead of continuous improvement can lead to burnout. Here are some tips on avoiding burnout.
Let Them Start Earning at A Young Age and Learn Responsibility
If you have kids, you will know they always want more and the funds do not always allow for what they want and need. Often it is also proved that the more they get, the more they want as well. To preserve your own sanity and your pocket it is a great idea to come up with alternative ways to help them and yourself by allowing the kids to start earning their own money. It will teach them the value of money as well as how difficult it is to survive in the adult world. Many kids will demand less, not only because they earn their own money, but because they will see how difficult it is to earn money.
Once a year, I am blessed with the opportunity to be a part of the amazing experience known as The Rock Boat, which is the result of a fine partnership between Sixthman and Sister Hazel. It started for me back in 2007 when my friends Usually Normal introduced me to the idea of cruising the ocean blue and soaking up the sun in the company of 30-ish rock bands. Music is my passion. I’ve always been a fan. I’ve always been an artist. I couldn’t imagine anything more fun. It wasn’t until I experienced Rock Boat for myself that I understood, it goes way beyond “fun”.
I have been studying online business very passionately over the past year. This reason why is that I want to have something to fall back on if my basketball career end’s sooner than later. Also I don’t want to have to work a nine to five job anymore.