Tag Archives: business owners

Entrepreneurial Burnout: 6 Ways to Avoid And Overcome It | Life Hack

Burnout became an especially painful issue during the pandemic when the majority of people worked from home, finding it difficult to draw the line between work and private life. However, entrepreneur burnout has been less discussed, despite evidence that entrepreneurs are at a higher risk of burning out.

It may seem that as the boss, you are more in control of your time and work duties. Feeling stressed? Take a day off. Don’t feel like doing something? Give the task to someone else. But in reality, the responsibility of leading a company weighs heavy on many company owners.

In addition, when you’re passionate about growing your business, it can be tricky to notice the symptoms of burnout. It may take long months or even years of putting yourself through survival mode before you notice that your body or mind has raised a white flag.

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Logo Design Tips for DIY Business Owners | The Startup Magazine

If you`re considering designing your logo, I`m sure you know its importance as a leading visual for your brand.

That it`s often the first impression, people have of your business.

And the colors, fonts, and shapes you choose play a big part in determining how consumers feel about you.

You probably also know about versatility and why and how a logo works on numerous platforms and marketing materials.

And you definitely understand that if you get it wrong, it could turn people away and not towards your business.

You do, right?

Oh, the pressure!

Fortunately, logo design isn’t rocket science.

And with enough research and planning, you can design a logo that accurately conveys the essence of your brand, connects with your target audience, and works pretty much everywhere

But to make that happen, you need professional logo design tips for DIY business owners.

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Six Ways To Go The Extra Mile For Your Customers | Forbes

Average brands deliver exactly what is asked of them. Exceptional brands deliver more. Finding novel and surprising ways to go the extra mile turns sceptics into fanatics and passive bystanders into loyal customers who tell their friends.

Without their clients, businesses wouldn’t exist. Safeguarding your future means putting energy into the extra mile until it’s second nature. Here are six ways to go the extra mile for your customers, with examples from business owners who put their customers first.

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The Worst Business Advice We’ve Ever Heard | AllBusiness.com

Business advice can come from anywhere, even from those who have never owned a business. But if you’re a new entrepreneur just starting out, you tend to soak up all the information that you can. The most significant problem is there’s no simple way to tell the lousy advice from the good advice. Sometimes experience is the only way to figure out the difference.

To share lessons they’ve learned in their business careers, 13 professionals from Young Entrepreneur Council reflect on the following question:

What’s the worst piece of business advice you’ve ever heard, and why was it so harmful?

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Tips for Handling Nonpaying Customers | Business News Daily

If your business operates on an invoicing system, you might be familiar with late payments and perhaps even nonpayment. There are many reasons why customers don’t pay invoices on time (or at all), from lost bills to unexpected additional expenses that customers realize they cannot afford. Many small business owners struggle with how to best ask for overdue payment without being rude. However, regardless of the circumstances, an unpaid invoice hurts your business. You need to act if you want to keep your cash flow healthy; being candid with customers and having some backup strategies at the ready is key.

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Trust Your Gut: How All Business Owners Can Harness the Power of Instinct | AllBusiness.com

If you’ve read any of my articles, you know that they are often inspired by my life. My current inspiration (if you can call it that) is dating. I just ended something because my instinct saw red flags. In the past, I’ve ignored these to my detriment, so I’m pretty proud to be seeing them before I get hurt.

But your gut doesn’t just tell you about potential “creepazoids.” It can tell you a lot about your business . . . if you’re willing to listen.

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Are You Financially Ready to Start a Business? | Getentrepreneurial.com

Starting a business could be your next step toward financial and personal freedom. But obviously there’s a lot to think about before in dive in.

First of all, is this the lifestyle you want to pursue? Second, do you have enough money to get started? Use the financial essentials below to help you determine whether launching a business makes financial sense for your future.

Look at Your Personal Financial State

If you’re trying to open a company, you’ve probably been setting money aside. Even if they’ve been doing this, most business owners still have to take out a loan, but your savings should substantially reduce the personal financial burden.

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Marketing to ‘Everyone’ or ‘Anyone’ Markets to No One | Peter Mehit

Growing top line revenue is survival. Without setting the table, you have no chance to make a profit, or even just stay in the game. With so much hype around the Internet and social media, more established forms of marketing are being discounted. Yet the elevation of social media as an end all, be all strategy does a disservice to those who must plot the direction of their company’s marketing efforts.

Nowhere is this more apparent than in small business where owners and managers are bombarded by sales pitches for different types of tactics. Some owners will be swayed by a good pitch and buy the tactic. Others will not feel comfortable and will not do anything. If neither of these persons has identified their customer, neither choice is helpful to their business.

Who is your customer? That is the single most important question you will ask in your business life. If you’re smart, you’ll ask it again and again because the answer is always changing. Most owners never ask it. The majority answer “anyone.” You can’t market to ‘anyone.’

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10 Reasons Why Women Kick Butt in Business | All Business

Entrepreneurship isn’t for the faint of heart. It brings endless challenges and demands a whole host of diverse strengths and skills. Although not all that long ago viewed as “the weaker sex,” women are kicking some serious butt in the business world.

As a female entrepreneur, I’ve always believed that women have what it takes to succeed. And according to the 2012 U.S. Census data, I’m not wrong. The 2012 survey showed 9.9 million female-owned businesses, a not-too-shabby 2.1 million firm increase (almost 27 percent) over the 7.8 million in the 2007 U.S. Census.

That’s steady progress toward reaching—and exceeding—the 14.9 percent of male-owned businesses reported in 2012 (which only increased by 1 million businesses in the five years after the 2007 survey numbers came out).

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Factoring: Buyer’s Guide and Companies to Consider | Business News Daily

Allocating capital for businesses of any size can be a stressful undertaking. Traditional bank loans can take weeks to become available, and even alternative lenders may charge higher interest rates for the convenience of fast cash. The process can be frustrating, and can throw a wrench into a smoothly running business.

If you’d rather not go through the hassle of taking out a loan, you may want to consider using a factoring service. Factoring is an alternative method of finance that allows business owners to sell their invoices, or accounts receivable, to a third party (the “factor”) for a certain percentage of their total value. The factor pays this portion of the invoice, sometimes in as little as 24 hours. Then, the company collects your customers’ payments and forwards the remainder to you, minus its service fee.

This solution gives quickly expanding businesses reliable capital to carry them to their next transaction.

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