The right mental attitude will do wonders for anyone involved in the negotiation process, be it sales negotiation, contract negotiation, or even business debt negotiation. Of all of the negotiation tactics, having a positive attitude and outlook is the premier trait of an effective negotiator. [Read more…]
Because there are many types of businesses that exist for many different industries, it stands to reason there are numerous ways of approaching the process to find the value of a business for sale.
There are three main approaches to value, which are: the income approach, the market approach, and the asset approach. There are variations of these approaches, and combinations of them. These variations must be considered because each and every business will be valued individually, and some of these differences can be substantial. [Read more…]
At some point, owners of businesses face the question of business risk. Risk is inherent in almost everything we do in this world in which we live. Those seeking small business advice will do well to consider business risk and its effect, because in addressing our potential to fail we can minimize the likelihood of such failure. [Read more…]
There are three primal categories of successful entrepreneurship. They are providing, innovating, and inventing. The foremost, but least common, is inventing.
To be a successful inventor, which is the premier summit of all entrepreneurship, requires these three irrefutable qualities. They are: [Read more…]
To start a business and bring it to fruition requires many skills. Creativity, perseverance, flexibility, determination. A bright smile and some thick skin. And more. But the prime concern of entrepreneurship is the essence of what drives them, the inertia or impetus that moves them forward. [Read more…]