There was an employment discrimination case several years ago involving one of the major television networks. The employee alleged that although qualified, she was denied an anchor spot on the evening news because she didn't have the "right appearance". The network's position was that she wasn't qualified. That's a tough position to be in for...
Quality has been one of the key buzz words of the business world during this decade. Rightfully so, it is the production of quality goods and the delivery of quality services that creates long term value in every bottom line. Every business owner spends a substantial portion of their time focusing on the question of the quality of the end product...
Good businesses are built on foundations of good ideas. Enterprising entrepreneurs need creative ideas on which to build their businesses. Existing businesses that intend to grow and prosper need sources of innovation to rejuvenate themselves. A good business idea is an idea that satisfies an existing need. Earning a profit should not be the...
"Who to do business with" is one of the most important decisions that a business person makes. The importance of the "who" applies to customers and suppliers as well as the partners, professionals and employees that you choose. If you are doing business with the right people, a lot of things go smoothly. In the short run, you don't always have...
Looking at him today, it appears that success was inevitable for Frank. Good luck, hard work and the right timing appear to have been the correct formula. Success always looks easy once it has been achieved. Those that miss the journey and only see the final destination will never understand the fine line between success and failure. His trade...
Mary was consumed with her work. Her photography business had started out as a hobby. The quality of her work attracted attention and before she knew it, she was getting paid to have fun. The demand for her work soon exceeded the hours in a day and then the days in a week. She added a part time employee, then two. Her home studio was soon...
The potential sources of equity capital begin with your family and extend to Wall Street with numerous stops en route. Most businesses will at sometime need the equity financing that only outside investors can provide. What do we really mean by the term equity financing? What are some of the potential sources of equity financing? And what are the...
How do I get started? Where can I find an owner who is interested in selling an established business? How do I arrange the financing necessary to acquire an on going business? Where can I get some help? These are a few of the commonly asked questions of entrepreneurs as they get ready to take that first step towards business ownership. There are...