Entrepreneurship

Piercing the Small Business Ceiling: Part I

2023-01-28T11:20:55-06:00February 21st, 2023|Tags: , , |

Jeff is an entrepreneur who called me to discuss his business. Over the last five years, Jeff has grown his startup business to ten employees.   But now, Jeff feels lonely, depressed, and unsure of his ability to grow the business beyond where it is now. Jeff’s issue is not uncommon.   There are stages in growing a business when it ...

Unsung Heros

2023-04-02T16:13:41-05:00January 14th, 2023|Tags: , , |

A new entrepreneur shared with me that he’d recently left his previous employer to venture out and form his own business. Fortunately, his new business began to flourish, resulting in the need for more help.  He and his wife decided that she would quit her job to work alongside her husband. She was willing to sacrifice her job for ...

Small Business Saturday

2022-10-28T16:48:55-05:00November 23rd, 2022|Tags: , , |

According to an annual Gallup poll, 68% of people surveyed trust small businesses in contrast to only 14% trusting large businesses. In 2010, American Express decided to leverage that respect by encouraging shoppers to buy from local businesses on Small Business Saturday.   Although Black Friday gets more press, $19.8 billion was spent with small businesses on Small Business Saturday in ...

Develop Your Product First

2023-04-08T14:15:39-05:00October 16th, 2022|Tags: , , , |

A young budding entrepreneur contacted me recently about a new business she is working to start. Her first step towards entrepreneurship, however, was somewhat surprising to me.   Rather than researching her potential customer’s needs and why they would pick her product over the ones they currently use, she formed a corporation. She could have waited years before incorporating.   In ...

A Relentless Bird

2022-05-05T20:13:58-05:00May 31st, 2022|Tags: , , |

While staying at my parent’s home, I was awakened by a bird at the bedroom window. For over an hour this bird pecked on the window and flew up and down trying to find a way in.   Repeatedly, this bird tried to enter, never realizing the futility of its efforts. Some entrepreneurs are like this relentless bird.   Persistence is admirable, ...

Entrepreneurial Perseverance

2022-05-02T13:00:55-05:00May 5th, 2022|Tags: , , |

NEXT, an insurance company, recently surveyed small business owners. They discovered that the changes in the marketplace with supply chain issues, difficulty in finding staff, and rising wages are causing burnout for many business leaders.  Nearly 40% of the more than 1,000 small business owners surveyed admit to feeling "frustrated" or "stressed" by the state of America's workforce. 35% of ...

Where Did the Women Go?

2022-03-15T20:30:59-05:00January 13th, 2022|Tags: , , , |

With school closings, and the chaos of managing family issues, many women resigned their corporate positions during the pandemic. But I believe many didn’t stop working. They are working in different ways. According to a LinkedIn analysis, businesses founded by women during the pandemic have grown by 27%. Many women in business have had to be creative and entrepreneurial during ...

A New Career Path

2022-03-15T20:13:29-05:00January 11th, 2022|Tags: , , , |

According to Labor Department data, the percentage of workers who are now self-employed stands at 5.9%, the highest level in 11 years. The CEO of Upwork Inc. claims that “A new type of career path has emerged, with half of the Gen Z talent pool actually choosing to start their careers in freelance rather than full-time employment.” God pointed towards ...

The Great Small Business Boom

2022-03-15T19:53:50-05:00January 10th, 2022|Tags: , , |

It seemed strange that so many people were resigning from their jobs in the Great Resignation without a place to go. I suspected that many were starting their own small businesses. The Wall Street Journal affirmed my thoughts when they discovered that 4.54 million new businesses filed for federal tax identification numbers from January through October of 2020, up 56% ...

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