Gain Business Skills

21 Work Habits You Need to Break

gainbusinessskills — Sat, 05 May 2012 18:34:11 +0000

Peter Drucker once said, “We spend a lot of time teaching leaders what to do. We don’t spend enough time teaching leaders what to stop. Half the leaders I have met don’t need to learn what to do. They need to learn what to stop.” If you take corrective action on the following negative work [...]

Identify Your Company’s Initial Needs

gainbusinessskills — Sun, 25 Mar 2012 02:28:24 +0000

Make a list of all the tangible and intangible resources you need to get your business going. The total estimated price of all these items will be your startup cost. If there’s any item in your estimates that seems unreasonably high, research alternatives. It’s a good idea to include every element you truly need along [...]

Define Your Company

gainbusinessskills — Sat, 24 Mar 2012 05:29:05 +0000

What will your product or service enable people to do better, cheaper, more safely, or more effectively? Ask yourself how you’ll meet the needs of each financial and human resource required to grow your venture, including your customers, investors, lenders, suppliers, and employees. Then you’ll be well on your way to creating a bankable business [...]

The Power of a Bankable Business Plan

gainbusinessskills — Wed, 21 Mar 2012 01:47:33 +0000

What a Bankable Business Plan is, and How it Can Help You Start a Successful Enterprise Bankable Business Plans are able to attract financial support from bankers, partners, and investors. By addressing issues that are important to them, you can convince them to believe in your concept because it’ll bring them success, as well as [...]

Bankable Business Plans by Edward Rogoff

gainbusinessskills — Tue, 20 Mar 2012 02:01:03 +0000

The Power of a Bankable Business Plan What a Bankable Business Plan is, and How it Can Help You Start a Successful Enterprise Bankable Business Plans Serve a Specific Purpose Your Business Plan is an Extension of You Entrepreneurship is a Team Sport The Ten Essential Action Steps Action Step 1 Define Your Company: What [...]

Form of Value #11: Insurance

gainbusinessskills — Sat, 17 Mar 2012 01:56:35 +0000

Insurance involves transferring risk from the buyer to the seller. In return for taking on the risk of some specific bad thing happening to the policy holder, the policy holder agrees to give the insurer a predetermined series of payments. If the bad thing actually happens, the insurer is responsible for compensating the policy holder [...]

Form of Value #10: Option

gainbusinessskills — Sat, 03 Mar 2012 02:41:52 +0000

An option is the ability to take a predetermined action for a limited time in exchange for a fee. Financial securities come to mind when most people think about options, but other options are all around us: movie tickets, concert tickets, amusement park tickets, coupons, and retainers are all examples of options. In exchange for [...]

Form of Value #9: Loan

gainbusinessskills — Wed, 29 Feb 2012 22:51:01 +0000

A loan involves letting a borrower use a specific amount of resources for a specific period of time. In return, the borrower must pay the lender a series of payments over a predetermined period of time, which is equal to the principal loan amount plus a predetermined interest rate. To create a successful business that [...]

Form of Value #8: Audience Aggregation

gainbusinessskills — Wed, 22 Feb 2012 03:01:03 +0000

Audience aggregation involves getting the attention of a group of people with similar characteristics first, then selling access to that group to a third party. Because attention is limited yet valuable, getting a specific group of people together is useful to businesses that want to get the attention of those people. To start a business [...]

Why Businesses Fail – Three Warning Signs

gainbusinessskills — Sun, 19 Feb 2012 03:23:44 +0000

As a solo entrepreneur, you’re going to be trying different things. Some of these will work, but others won’t. The key, however, is to learn from what you’re doing so that you make progress on your journey to success. Building a business is an ongoing process of trying something, making occasional mistakes, learning from successes and [...]