Author: TJ
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Entrepreneurs, Take Advantage of the Business Cycle Phases
I recently met with my financial advisor and our discussion sparked an idea for this post. I am going to discuss the business cycle and how as entrepreneurs we can better position ourselves to take advantage of the phase changes. The Business Cycle As you know there is an ebb and flow to our economy…
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What is The Importance of Human Capital in Small Business?
A series of conversations has prompted me to address the importance of the human element as it pertains to small business. It seems as though most understand the importance of financial capital and overlook the role human capital plays in successful companies. I find this interesting especially because the significance of human capital can arguably…
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Iterative Development Model
I have heard a lot of talk lately about lean and iterative startups and I must say I fully agree with the approach. People seem to jump in with both feet before they even know if there is water in the pool. Starting small and releasing a product as quick as possible cuts out a…
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Small Business Inventory Management
Managing inventory variability is a constant struggle in business one tool to help manage this is a regression analysis. A regression analysis is a statistical assessment of date that seeks to identify a general overlaying trend. It defines a sample set of date as a line. Like all statistical tools a regression analysis has limitations…
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Are You Aligned With Your Profession?
A conversation with a college student has pushed me to address the issue of alignment between oneself and one’s occupation. If you have ever taken the Myers Brigs you may have an idea of what I am talking about. It may seem rudimentary but aligning one’s self with a complimentary profession is not a cut…
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Your First Business? You Are Your First Business.
If you have been playing with the idea of starting a business because you want more freedom, a better return on your time invested, or just a better quality of life, start by looking in the mirror. You are your first business. As a contributing member of our society you provide a product or service…
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Best Database Software for Small Business
Organization is a huge part of competing well in the game of business but often times small business owners don’t have the foggiest idea of how to approach organizing their information. If a boxed solution such as Quickbooks will work for you great, if you need a bit more flexibility there may be a better…
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Promotional Discretion, Appropriate Considerations When Selling a Product
Well, we had our baby girl over the weekend and she is beautiful. I would love to go on and on about the new addition to our family but that is outside the scope of the site and probably wouldn’t be that interesting to anyone who doesn’t know us. Instead, I will expound on the…
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Thanksgiving, an Entrepreneur’s Endeavor
It could be argued that Thanksgiving is something we celebrate because early entrepreneurs did what no one before them could. To that I lift a glass. Thinking about the obstacles that stood in from of the early settlers gives me a greater level of appreciation for what we have. Our standard of life is so…
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5 Steps to Start a Small Business
With everyone talking about the economy I decided it would be a good idea to discuss an approach to small business that if followed would minimize the number of failures. These 5 steps to start a small business provide a solid foundation to any venture and should not be ignored. It is in the success…