Month: December 2019

About Entrepreneurship Stress

access_timePosted on by Thomas Moullet

I’m going through the baby bumps of starting my own business. Yet, I know that what I’m doing is the right thing in the long run… because living off a government job is not the way I’m going to achieve success and happiness in this life. We’ve all been programmed that good benefits and pension are the way towards freedom but at the same time, in my experience I’ve never felt more insecure than working a union dayjob. Everyone’s always fearing layoffs and by nature a large organization is full of politics.

I don’t need that kind of insignificant stress and negativity. Life’s too short.

Cut out everything that isn’t serving you in your life.

But anyways now that I’ve been working on my online business and website- trying to grow an email list and audience, learn about marketing, learn about the technical aspects of web-development and still maintain some semblance of a content creation schedule, it can be overwhelming to say the least.

Another mental ordeal I struggle with is that, I’ve gone back into old habits of doubt, fear and worry about finances. In my first month of launching a new website there were inherently a lot of … Read the rest

From Entrepreneur to Infopreneur

access_timePosted on by Thomas Moullet

Any entrepreneur can become an infopreneur as it depends on one’s skills. Many infopreneurs make use of their skills while outsourcing those tasks he is not good at.

There are certain differences between entrepreneurs and infopreneurs when it comes to running the business. The opportunities online obviously differs from entrepreneurs who takes risk of ownership of the business through management proficiency. Infopreneurs take maximum advantage of market practices and are considered to be accommodating massive number of customers compared to entrepreneurs. The reason lies in having access to numerous platforms online where infopreneurs meet more customers than in case of brick and mortar businesses run by entrepreneurs.

However, both entrepreneurs and infopreneurs require similar fundamental qualities of risk taking, determination and confidence. Even the goals are similar as that of any other business, which is, generating higher revenues and continuously incorporate novel ideas.

There is a gradual move seen from entrepreneurship to infopreneurship because of less capital required in this domain. Intellectual capital is considered necessary for innovation and creativity to make full use of technological advancements. Time and energy is not wasted to hire employees unless the work is outsourced and one does not have any established contacts. The … Read the rest

Promising Entrepreneurs

access_timePosted on by Thomas Moullet
  • The Founder’s Dilemmas: Anticipating & avoiding the pitfalls that can sink a Startup by Noam Wasserman

Noam Wasserman teaches a class called ‘Founder’s Dilemmas’ at Harvard Business School. This book is the culmination of Noam’s actual research and that class. He mainly focuses on the key dilemmas that a startup founder will face when starting a company. All the information related to founder dynamics, solo founders, optimal number of founders and their roles and relationships, equity allocations between founders is covered in the book.

  • The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Business by Eric Reis

Eric Reis talks about the lean startup approach that is being adopted across the globe, changing the way companies are built and new products are launched. It fosters companies that are not only capital efficient but also focus human creativity more effectively. The book also highlights the current trend toward quick, low-cost startups that prefer action over research. The impressive insights that Reis provides can be applied to any startup, making this book a must read for all promising entrepreneurs.

  • Peter Principle: Why Things Always Go Wrong by Laurence J. Peter and Raymond Hull

This book contains made-up stories … Read the rest

Secret To Lasting Business Success

access_timePosted on by Thomas Moullet

  • Know your values. Your core values are the foundation for a solid, stable business that will grow and expand in ways that are truly sustainable for you. Know what matters most to you – not to anyone else – so that you can prioritize your time, money, and energy accordingly. Once you do, you’ll be on your way to lasting success.
  • Align your business goals. Your core values are your compass. Navigating your way through the ups and downs of business growth becomes much easier when you can align your goals and actions with your values. When your business goals are in alignment with your values, you’ll notice that you feel energized and that you’re building momentum. That’s essential for business growth and sustainability.
  • Build a high performing team. Do not compromise when it comes to working with others in your business. All team members – whether independent contractors, employees, or consultants – must be in alignment with your core values, work ethic, and business philosophy. You are the CEO – build a high performing team that enhances your business, complements you, supports you, and makes your business shine. Using coaching app like Finger Print for Success will help reveal
… Read the rest

Insuring Small Business

access_timePosted on by Thomas Moullet

Typically all small business’s need General Liability insurance. As the name states, it will provide standard coverage for your premises and operations. It is up to you what your limits should be, but they should be ample enough to protect you in the worst case scenario. Most businesses will need to go beyond a general policy and get some form of specialty insurance which is specific to their industry. Listed here are some of the available types of insurance:

  • E-commerce – Insures against any loss incurred due to internet intrusions such as hacking for customers personal information.
  • Auto – This is very important if your business owns or utilizes any type of vehicle. It is separate from the General Liability policy.
  • Workers Compensation – If your employee gets injured on the job you will be covered. Some businesses are required by law to have Workers Compensation coverage depending on the number of employees they have. This varies by state so make sure you check with your state government.
  • Errors and Omissions – Anyone who gives advice or performs a professional service needs this coverage.
  • Umbrella – Gives you excess coverage over and above your General Liability Policy. It does not
… Read the rest
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Successful Business Skills

access_timePosted on by Thomas Moullet

Success in business is a matter of learning and mastering certain skills. Here are some tips that can help you succeed:

  • Learn to Delegate – Successful managers know when and how to delegate tasks to others. One of the most important skills that set a manager apart is that they are willing and able to delegate tasks to their employees. When a manager delegates he can operate more efficiently as well as deliver results on a timely manner.
  • Constantly Improve Your Business Processes – There is always something new to learn and there is also always something that can be done better. Improvement is fundamental for success in business. Look for those opportunities to improve and create your own success.
  • Separate Personal Life From Business Life – No matter what is going on in your personal life, leave the problems at home but also leave the office matters at work. It is very important not to stress out at work with situations and problems with friends or relatives, this will prevent your from being successful.
  • Know and Correct Your Weaknesses – Being successful means being able to identify and correct weaknesses. Successful business people are not afraid to recognize their
… Read the rest

About Characteristics of Successful Business Owners

access_timePosted on by Thomas Moullet
  • Set Challenging Yet Attainable Goals
    Dream big, right? Well yes, but not too big. According to an article published on Businessmanagement.com, “It’s better to set attainable goals, don’t aim too high or too low. Setting overly lofty goals, can leave you overwhelmed and frustrated. Overly humble goals can leave you bored and uninspired. The key: finding something that’s just out of reach” Aside from creating attainable and challenging goals, successful business owners are sure to ask themselves, “Does this goal help the present reality?” By asking yourself this question, you can be sure to weed out goals that you don’t benefit from in the near future anyway.
  • Listen to Customers
    While it’s difficult to please everyone that you do business with, successful business owners never forget that their customers are the blood of their business, and without them, they wouldn’t exist. Customers provide valuable information about the products and services they receive from you. After all, a customer’s voice and word of mouth is often more powerful than your own. The bottom line is this: Without customers, eventually there would be no company.
  • Never Stop Learning
    Think of the most successful companies in the past few years: Apple, Target, and
… Read the rest

Value Based Business Model

access_timePosted on by Thomas Moullet

In my quest to create flow in my relationship I would often cave in to what my mate wanted, even if it went against my own values.

Ouch!

Of course, it wasn’t obvious to me when I was in the middle of carrying out that disempowering practice. Once I had the awareness, I was able to course-correct pretty quickly and I experience true peace and empowerment at the same time.

I’m convinced that entrepreneurs practice a similar negative habit with profit attraction…

  • You hustle your buns learning marketing strategies, how to perfect your craft, and networking.
  • You take a stab at implementing what you learn.
  • You make some progress but it doesn’t feel like you’re reaping the benefits in your bank account. You also feel a little stressed and overwhelmed.

You’re doing what you perceive to be profitable actions but your own Inner Business Expert is being ignored.

Your Inner Business Expert guides you to choices in your business that will be most inspiring, streamlined and supportive of your highest values.

You can take any business model and turn it into a profit-producing machine if you resist going against the core of who you are.

For instance, I used to … Read the rest

Important Guidelines to a Successful Business

access_timePosted on by Thomas Moullet
  • Be Innovative but Simple. Do not over think and produce something very high-tech. When the product is too complicated or high-tech, consumers do now want to buy it. Consumers want simple products; ones that will cater to their needs and not increase their problems. For example, if your business is on skin care – do not produce products that are complicated to use. Choose something that is easy to understand.
  • Be Aware Of The Competition. The higher the competition, the higher risk of less sales. People. Go for businesses also that do not have high competition rates.
  • Minimize Spending. Do not spend so much because it might sacrifice your profit. Be creative. Money is not everything when it comes to promotion. There are a lot of creative ways to sell your product and at the same time minimizing your spending.
  • Minimize Rent. If your product does not need a lot of storage space, then only settle for what is necessary. You can even do away with rent because you can create online selling and promotion of your product. Be keen with your budget. Poor financial management will drag your business down.
  • Start by yourself. When you
… Read the rest

Government Grants For Business

access_timePosted on by Thomas Moullet

Availing Of The Grant

For availing yourself of the grant, you must provide the funding agency with an elaborate and accurate written proposal, which justifies and states your goals and puts forward your plan and a more or less accurate idea of the kind of money you need for your activities. If you are awarded a grant you have to keep updating the government about your regular progress, and send the program evaluation or the financial status reports to the government agencies.

These days there are plenty of fraud cases, where people are made fools. You might have seen certain advertisements doing the rounds about ‘free money’ available just for an application. Such hoaxes should be avoided. If you are qualified for a grant, you have to be prepared to work hard to earn it amidst stiff competition. You could also hire a professional to help you for professional advice about how to go about obtaining the grant.

Applying For Grants Within A Time Frame

Applicants should be aware that not all government grants are available throughout the year. This means that there is a specific time period, rather time frame, within which you are supposed to apply for such … Read the rest