How can you find your niche in business? Think About Your Interest and Passion Always Find a “Pain” You Can Solve Get to Know Your Target Market Study Your Competition…
What are some tips for learning from failure? Think of Defeat As Your Coach Let Failure Be Your Starting Point Turn Weak Points into Win Points Don’t Be Scared of…
How do you harness the strengths of your employees? Identify what they’re good at. Reinforce their skills. Make room for imperfection. Appreciate them—and show it. Give them constructive feedback. Everyone…
How does age factor into starting your business? Creativity Experience Risk-taking Other responsibilities Resilience Too often you hear the words “I’m too old to start a business” or “Starting a…
How do you grow a successful business? Aim high, start small Share goals Empower your team Participate in networking events Don’t be afraid to innovate Make success measurable Never stop…
What can we learn from Gen Z entrepreneurs? Impact strong—and immediately. Make the most of available tech and information. Look on the bright side. Focus on real-world problems. Reimagine the…
How to create a business budget plan? Tally your income sources Determine the fixed costs Include the variable costs Predict one-time spends Pull it all together Running a business is…
What are some things entrepreneurs should not do? Spending too little or too much Hiring employees based on their cost Putting your product first Not checking on the competition Not…
What are the accounting skills entrepreneurs need? Managing cash flows Maintaining a balance sheet Identifying profitability Effective communication Predicting financial trends Among other skills, accounting skills are what every entrepreneur…
What are the ways to raise your business capital? Borrow money from your family or friends Acquire a business loan from a bank Take out your personal loan Today’s generation…