Successful Entrepreneurs Track Business Finances
Posted on November 7th, 2009
An entrepreneur must find a talented, experienced accountant who is able to provide solid advice on understanding and tracking revenues and expenses.
The success and viability of a small business can often hinge on an entrepreneur’s ability to establish a firm financial foundation. Finding a professional accountant who is knowledgeable and able to provide good advice on understanding and tracking financial information is essential, and must be one of the first tasks completed. Changing accountants in mid-stream is difficult and time / cost consuming, so getting it right the first time is important.
Characteristics of a Good Accountant
No concrete formula exists for identifying an accountant who matches well with a specific business. However, there are several things that need to be determined about an accountant before committing to a hiring decision.
- Talk to business colleagues to create a list of local accountants who have good reputations and track records for success. D
Tags: Business, Track Business
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Dan McComb Interview, Biznik.com Co-Founder Shares His Entrepreneurial Secrets
Posted on November 6th, 2009
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++++++ To Listen To The Dan McComb Podcast Click The Play Button Above ++++++
Hi Everyone,
Today I am delighted to present an interview with a remarkable Entrepreneur – Dan McComb.
Dan is one of the co-founders of Biznik.com
Biznik.com is a website I only discovered recently and I have to say I am very impressed. In a very short time, Dan and his co-founder Lara Feltin have built a remarkable community of entrepreneurs and small businesses dedicated to helping each other succeed. Wh
Tags: Dan Mccomb, Interview
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Clean Energy Predictions for 2010
Posted on November 4th, 2009
The end of the year is fast approaching, so predictions for 2010 are starting to get the rounds. On Nov. 4, it was consultancy Deloitte’s turn to pull out its crystal ball. In a report entitled ‘Energy Predictions 2010’, Deloitte laid out trends it expects to take hold next year. Here’s a crib sheet for green business:
1) Smart grids/meters will take the world by storm. Annual global spending on the technology will jump to $33 billion by 2014 vs. $12 billion in 2008. That could increase electricity grids’ efficiency two-fold and reduce consumers’ energy consumption by 30%.
2) Oil-producing countries (particularly in the Middle East and North Africa) will become hotbeds for renewable energy. Close proximity to European markets, abundant cash to invest from oil revenues, and ideal weather conditions, especially for solar power, could pay off in a big way.
3) Sector-specific carbon cap-and-trade systems, say for the shipping or aviation industries, may take precedent over unwieldy national, regional, or global plans. Under the s
Tags: 2010, Predictions 2010
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Successful Entrepreneurs Learn to Manage Costs
Posted on October 31st, 2009
High quality business management involves the understanding and tracking of both revenue and expenditures — leading ultimately to profits and success.
All too often entrepreneurs jump into new business ventures without creating mechanisms for understanding and projecting expenditures. Sales, revenues, and profits are concepts that seem easier to understand since an entrepreneur will certainly not succeed without them. However, expenditure management is equally important and, if ignored, can ruin a small business.
Decide What Needs to be Tracked
The first step in budget management is to determine priorities and how to track them. The most likely candidates will be personnel costs, office expenses, marketing / advertising costs, operating costs, and revenue from sales. However, each of these categories have sub-categories that are important to identify and track.
Tags: Learn Manage, Manage
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Top tales: Universal cell phone chargers, AEP captures carbon & more Americans doubt global warming
Posted on October 31st, 2009
As the week closes, three developments of note…
1/ This week a universal cell phone charger was adapted by the International Telecommunication Union, the industry’s standards setting body. Sounds boring? Well imagine how many chargers the world would save if spares could be carried over from an old phone to a new one. GSMA reckons that every year, 51,000 tons of this sort of redundant chargers are made every year. The new standard also promises to cut standby power draw by 50%…
2/ Using technology from France’s Alstom, a 29-year-old power plant operated by American Electric Power in New Haven, W.V. became the first coal-fired power plant in the U.S. to capture a share of its greenhouse gas emissions and store them underground…
3/ And the Pew Research Center released authoritative survey data showing that sharply fewer Americans see solid evidence of global warming. Reasons f
Tags: Cell Phone, Phone, Universal Cell, Universal Cell Phone
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Starting a Restaurant Business
Posted on October 28th, 2009
Tips on successfully opening a restaurant, plus entrepreneur stories from the owner of a Latin grill where business is booming.
It’s no joke that opening a restaurant is a risky business: a study commissioned by Restaurant Startup and Growth magazine found that 23% of new restaurants fail in their first year, while Ohio State University researchers found that a similar figure for first-year failure and a 57%-61% chance of failure within three years.
But even with all the risks associated, entrepreneurs with the right passions and skills can learn from each other and find out how to maximize their odds of success.
Entrepreneur Story: Owner Carlos Gutierrez, El Arepazo Latin Grill
Carlos Gutierrez of Columbus, Ohio, opened El Arepazo Latin Grill in 2005. Interior and exterior renovations to the building have just been completed.
Tags: Business
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Characteristics of a Successful Entrepreneur
Posted on October 26th, 2009
Undertaking small venture start-up can be a trying task, but with developing certain attributes and personality traits entrepreneurship can be more feasible.
Entrepreneurship is a dynamic process that involves a blend of vision, change, and creation. It involves opportunities and risks, and is a fluid process that requires adapting to the economic state and taking advantage of innovative opportunities that arise. Entrepreneurship is a practice involving traits and behaviors that can be cultivated and developed to better manage an entrepreneurial venture.
There are certain qualities and traits that are essential for the entrepreneur’s success in the ever changing economic environment. B