business advice

5 Cost-Cutting Tips for Small Business Owners

by / ⠀Startup Advice / October 6, 2021

As a small business owner, it’s imperative you implement as many cost-cutting tips as you can. When margins are slim, you want to do everything you can to reduce costs and increase profitability. If you feel like you’ve already exhausted all options, you might just need to dig a little deeper. Have you tried these five cost-cutting tips yet? What might your business look like if you were…

Success in 2021 Will Involve Hitting the ‘Reset’ Button

by / ⠀Entrepreneurship / April 29, 2021

Every business owner is chasing after success in 2021. Of course, many of us had the wind knocked out of us by the Covid-19 pandemic. As a CEO, it should go without saying that you want your company — and all of your employees — to be as successful as possible. After going through a tumultuous 2020, you’re definitely still focused on these goals. With all the changes…

How to End a Business Partnership on Good Terms

by / ⠀Entrepreneurship Startup Advice / May 28, 2019

Every business partnership has ups and downs. Usually, the lowlands and peaks balance each other out. When the valleys become the status quo, however, it may be time to dissolve the partnership. The good news for partners in this predicament is that there are always other entrepreneurial fish in the sea; you can even use a dating app to find them. In the meantime, though, you have to…

10 Pieces of Business Advice Not to Follow

by / ⠀Entrepreneurship / March 9, 2014

Question: What’s the worst business advice somebody gave you when you were starting your business (and how did you prove them wrong)? 1. Don’t Do It “Possibly the most heart-crushing, tear-jerking thing anyone has ever said to me was, “Don’t pursue your passion.” Not many people can make a living off their creative passions, but I proved them wrong by working hard and never letting other people’s opinions affect…

Want a Successful Company? Start by Giving Back

by / ⠀Entrepreneurship / January 12, 2014

In a 2010 study published in the Perspectives on Psychological Science journal, James K. Harter of Gallup, Inc. found that a low sense of well-being in employees was an indication of poor bottom-line performance. And over the course of a year, that low sense of job satisfaction results in billions of dollars in estimated profit loss in the United States alone. Happiness, or at least a positive sense of job satisfaction, is…

6 Questions to Find Out If You Have a Killer Business Idea

by / ⠀Entrepreneurship Startup Advice / January 3, 2014

I am a venture capitalist and so I have the privilege of meeting a lot of entrepreneurs, each with their own brave idea of how they will change the world. Without exception, the best entrepreneurs know instinctively their place in the eco-system in which they operate, their own strengths and weaknesses and their plan for global domination.  They are also willing and able to articulate it. Below there…

Applying Buddhism to Business – The Practice of Being Mindful

by / ⠀Entrepreneurship / January 1, 2014

I never fully understood how my mother’s pervasive belief system would influence me later in life. As a dedicated follower of Buddhism, she focused every childhood lesson around the Buddhists practice of mindfulness and understanding. “Be aware of the karma you are creating for yourself,” she would say as I recounted a disagreement with a high school friend. “Be mindful of your thoughts and actions; try to take…

Live vs. Lean Planning: Looking Ahead While Scaling Back

by / ⠀Entrepreneurship / December 17, 2013

The recession taught us a lot about business. Small replaced “too big to fail,” startup culture replaced corporate culture and lean replaced elaborate business plans. Streamlining your business doesn’t mean approaching the future blindly, however. Remaining lean and planning need not be mutually exclusive. At Palo Alto Software, we used principles of lean planning and lean innovation to help us transition from a company that developed and sold…

The 1 Piece of Advice That Will Accelerate Your Business

by / ⠀Entrepreneurship Startup Advice / December 10, 2013

As we close out the final weeks of the year there’s a lot to think about; the amazing relationships you’ve built, people you’ve met, opportunities you’ve had, bad decisions you’ve made and so much more.  As you reflect on the last 12 months and goal plan for the next 12 months take a moment to acknowledge who you’ve become and how far you’ve made it. Looking back on…


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