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Browse every published article connected to Carol Denbow, with exact attribution and full-archive search.
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Browse every published article connected to Carol Denbow, or search within this exact expert archive.
Nearly 90 percent of people state that at some point in their lives they’ve dreamed of starting their own business, yet few make the initial effort. What makes an entrepreneur? There are many scientific theories floating around out there; the genetic theory, how your parents raised you, ...
Writing a book seems like such an immeasurable task. But with proper direction, all writers have the ability to see their story in book form. This article will guide you through the basic process of writing and formatting your story. You’re not alone in this venture, there are about 195,000 ...
Small Business Failure - Wal-Mart… or a lack of planning? Are the chain stores really shutting out the smaller businesses? Sam’s Club and many of the other large discount stores started out as small mom and pop businesses. But with proper planning, the right niche, and great ...
1. Write your book. Whether it’s non-fiction or fiction, Fantasy, Autobiography, Crime or Mystery, just write what you feel. Never worry about editing as you go; as that will bury your creativity. 2. Find a quiet place to write. An extra bedroom, office, or even a garage (preferably heated), are all good places “away from it all.” Never look for your muse where friends or family are always interrupting you. 3. Set time aside to write. It takes time to find your inspiration
With proper direction, all writers have the ability to see their story in book form. Whether you have a full length novel in mind or a unique life story you want to share, book writing has become the most popular way for one to truly express themselves. You’re not alone with your book idea, there are about 195,000 new titles published in the U.S. each year—is yours next? Will your expertise benefit others? Has your imagination run wild with thrilling mysteries others may enj
Partnerships are typically formed due to a joint business idea or the need for financial aid with business start-up expense. Either way, only about 40 percent of partnerships work out and partnership dissolution is like a divorce--it’s really ugly. You can only think and speak for yourself, you cannot for someone else. You can’t assume what someone else is thinking, so you can never speak for your partner. Therefore, there will be differences in your decision-making as a par
With some businesses, location won’t matter much. But with most, it’s location, location, and location! Poor locations may be where you find the rent is cheaper and you might believe this will save you money. The truth is, your cheaper bad location can close you down faster than anything. When you start a business, location should be your first priority. Location is extremely important in nearly all businesses. You should try looking within ten miles of your home first. It’s
Sometimes it is easier to buy an established business rather than start a new business from scratch. About 10 percent of new business owners have purchased an existing business. If you’re looking into buying an existing business, find out why it’s for sale. This can be a challenge of its own. Is it for sale because it is not successful? Was the seller doing it wrong? Were they doing it right? Was it a bad location, or a good location gone bad? Was the seller just bad at mark
Nearly 90 percent of people state that at some point in their lives they’ve dreamed of starting their own business, yet few make the initial effort. Often it’s due to lack of funds or personal commitment, or just the fear of failing. And although it’s true that only about ten percent of new businesses do succeed, the reasons why the other 90 percent fail appears to be related to the lack of planning, primarily financial. Starting your business on the home front is one way to
It doesn’t always require a massive amount of cash to start a new business. In fact, 25 percent of business owners need no dollar amount to start up and just over 32 percent of new business owners needed less than $5,000 to start or acquire their business. Businesses such as housekeeping, gardening, internet retail sales, consulting services, daycare, handyman, or similar service industries may require little or no money to start-up yet have potential to grow into very prosp
The myth that nine out of ten small businesses close in their first year may or may not be completely true. According to more recent Dun and Bradstreet data, 76 percent of new companies were still in business after two years. But since these statistics are based solely on the number of business license applications forfeited, they may not be entirely accurate. Many business owners don’t immediately contact their licensing office; some never do. Studies show businesses that d
Do you plan to give up your job and start a new business of your own? What would that take? What would be your new responsibilities? Probably more than you planned. In new business, your security is the biggest thing you give up. The idea of having a paycheck in the same amount you can count on every week is gone. The benefits you get now, your insurance, or whatever it is that you count on is gone. When you work for someone else you have set responsibilities, when you work f
Long time statistics have shown that 9 out of 10 new businesses fail in their first year. Lack of planning and financial ruin is one of the most common causes. Starting small is a way to insure minimal risk in new business. The founder of Dell computers was a college dropout on a shoe-string budget who started his business out of his garage. One in three computers sold today is a Dell. The following is a list of just some of the businesses you can start for $500 or less. 1.
Just over 32 percent of new business owners needed less than $5,000 to start or acquire their business. Amazingly enough, 25 percent of business owners needed no dollar amount to start up. The following is just a small list of some ways to start your new business with little or no money. 1. Work from home – Starting a home business is easier and much less expensive than renting commercial space. Most small business does not require a special location. Benefits to home busine
Know your business – Having a business plan is perhaps the most important part of business start-up. Lack of planning is the number one cause of business failure. A business plan is just that; a plan. It’s a blueprint of where you want to be in one, three, or five years, and a list of all expenses to get there, including personal expenses. What licenses, permits, and associated fees will be required? How much inventory to start with? Researching similar businesses, desirable
Everyone has dreamed about starting a business and being their own boss. Most who pursue that dream find only frustration and failure. Since 1986, as many as nine out of ten new businesses have closed in their first year. According to a recent survey of failed business owners, “lack of planning” was the number one reason listed for new business failure. Other reasons included were: lack of experience, money, and low sales. It may be that most people just get tired of feeling
Everyone has dreamed about starting a business and being their own boss. Most who pursue that dream find only frustration and failure. Since 1986, as many as nine out of ten new businesses have closed in their first year. According to a recent survey of failed business owners, “lack of planning” was the number one reason listed for new business failure. Other reasons included were: lack of experience, money, and low sales. Carol Denbow is a retired business owner and author
If you’re reading this article, it’s because you’ve already decided that you would like to own your own business, right? This is most likely your first real attempt at self-employment. 65 percent of the business owners out there are first-time owners. Almost 70 percent of new businesses are started from scratch by someone like you. You probably also have an idea of the type of business you want to start. Keep in mind; some people make bad choices when choosing their business
According to a United States Census Bureau survey of business owners, 51 percent will work over 336 days per year. 34.5 percent will work over 40 hours per week and 13.6 percent of those will work more than 60 hours per week. The average business owner/manager will receive about 190 messages a day. It takes a lot of time just to listen to that many messages, and much longer to respond to them. What you will need to succeed is the commitment of your time; all of it. As a busi
“I want to start my own business and be my own boss!” Sound familiar? It may, because nearly 95 percent of people have this pass through their thoughts at some point in their working lifetime. “Get rich quick” schemes never work. Yet we are repeatedly bombarded with TV and other advertizing promising us riches and status if we join their programs to gain “financial success.” But regardless of if the program they offer is a valid means of making an income or being successful,
No, we won’t begin with “Do you have a master’s degree?” Although education does matter, higher education is not a requirement for starting or succeeding in a new business. In fact, according to a 1992 United States Census Bureau report, only 5.3 percent of business owners have a Master’s degree or higher education. 9.4 percent had less than a high school education; some only up to the eighth grade. Oddly enough, only 17 percent had any business education. The founder of Dell
It seems as if there are a million things to consider when developing a new business venture. But does your family have the right to be considered in the process? Of course they do, but rarely do they receive equal consideration to finances, business potential, or our own personal desire to achieve success. If your family (spouse, children, parents) aren’t on board with you one hundred percent, at some point you, your business, and/or your family will bear the consequences. N
Nearly 90 percent of people state that at some point in their lives they’ve dreamed of starting their own business, yet few make the initial effort. What makes an entrepreneur? There are many scientific theories floating around out there; the genetic theory, how your parents raised you, or being the first born in your family. But in reality, anyone can be an entrepreneur. Anything could have developed in your life to create an entrepreneurial type of personality. Leadership
It seems most all businesses create websites as an advertizing option to increase sales. But do the benefits of a website outweigh the time and expense of web development? In 2007, internet retail sales rose fifty percent over the previous year. With over seventy percent of people using the internet now, can small business afford to “miss the boat” in this expanding sales market? The answer is a very obvious NO! Unfortunately, building a useful website can be confusing and