Dr David Bozward

Category: Blog

  • London Metropolitan University – Business Society Talk

    Great video from my session at London Metropolitan University – Business Society talking about the motivations for starting a business while still at university.

     

  • Learning by Doing

    It is from classrooms we learn so much about life, this starts at a very young age and we are now expecting the young to stay for longer periods of their lives. These safe environments are where the young can develop knowledge of their surroundings in a way which ensures their growth. However, they tend to be risk adverse, safety aware, one size fits all and also very bureaucratic.

    Last week I had the pleasure to be at two very different National entrepreneurial events which enable students to learn while doing, SIFE and FLUX500. These are two very different programmes of events engaging students at extremely different levels, learning and outcomes.

    However, they both get students from diverse backgrounds, skill sets and outlooks in life to engage in entrepreneurship without even making reference to business or entrepreneurship. These both empower the students to develop, explore, make mistakes and reflect on the outcomes.

    Setting out in business is requires you to have multiple skills, finance, manager, sales, marketing, leader, employer and entrepreneur. These diverse skills have to be learnt and it’s through developing these we can become a professional and accomplished entrepreneur. These are life skills which no text book or online course can even attempt to fine tune. However, they are skills which employers, investors and fellow entrepreneurs love to be associated with.

    Therefore we need more of it at all levels of education. However, it’s not about governments providing more cash, as both of these events received no direct finances from government agencies. They are funded by sponsorships from corporations who are looking for the most talented young people who can come into their businesses and make a difference, have ideas and be multi-skills in areas such as finance, manager, sales, marketing…

    The involvement of business in developing the young is important in setting the needs and evolution of the learning outcomes. This business model is a very robust one which ensures the needs to every party involved, the students, educators, third sector, entrepreneurs and employers. It is therefore something which should grow and develop to ensure more opportunities are available to the young.

    Take a look at www.sifeuk.org and www.flux500.co.uk and engage yourself.

  • The Three Stages of Entrepreneurship

    The Three Stages of Entrepreneurship

    The process can be easily split into three stages: Thinking, Doing and Growing.

    Thinking about Starting

    The start-up phase is thinking, making plans, developing the right motivation to start and develop the aptitude to be an entrepreneur. For some people this is the hardest part and they struggle to choose an idea, develop the idea past just that and get other involved in making the idea reality. The majority of entrepreneurs never had the luxury to have to sit down and brainstorm ideas, then using innovation techniques decide on the best idea and then market research which one of the shortlist to take forward to a business. I still believe in the ‘gut instinct’ method, if you don’t have the guts to make the decision you want to take forward, then you don’t have the guts to make it work, so stay and get yourself a job in someone else’s business.

    Doing a Startup

    The doing phase is the hardest, it’s the one all the famous entrepreneurs don’t talk about, it’s the part where you spend 18 hours a day, 7 days a week making this business inch forward to some form of success. In this stage you need to start to build relationships with your staff, your bank, your suppliers and your customers. This relationship has to develop a trust and a strong bond which allow everyone to understand who they are and what value they provide into the business model. If someone doesn’t understand this then they will become the weakest link in your business.

    Growing a Startup

    The final stage is growth, personal growth, business growth, network growth and sales growth. This stage is normally post 36 months and it’s the point where the business model and relationships with suppliers is well established. The bank actually like and trust you. The most important part of this stage is to figure out ‘what type of entrepreneur you are?’ and what you can and cannot do, what you want and do not want to do. The things you don’t want to do, hire someone better that you. The thing you want to do and no good at, then develop some skills, in fact you will need to develop skills anyway. Knowing yourself will ensure your business has a solid foundation.  In this stage you need to develop stronger bonds with your local community as you require more employees, more space and more flexible and understanding relationships with those around you.

  • Do Politicians create Entrepreneurs?

    When a new government comes into power and they don’t have too much money, they look to get entrepreneur to work to generate them more money (so they can work out ways of spending that). So around the world we see Entrepreneurs, Business Growth, Enterprise Zones…  etc being announced by politicians.

    So are these politicians creating new Entrepeneurs?

    The fact that the economy is on it knees means that the most logically person would think twice between the three news stories, first: government has no money, second: economy reducing, third: why don’t you start a business. Within the 60 seconds news flash, you mind has to say, hang-on your trying to brain wash me into bankruptcy, and maybe you’re right.

    The fact is existing businesses are declining, new businesses tend not to, as their cost and staffing structures are more flexible and they can capture new customers who are looking for new service propositions and experiences faster. Those businesses which start in a recession also manage higher growth when the economy starts to increase.  So it’s never been a better time to start a business, keeping these factors in mind.

    Those that fail will come into two areas, those that spend money on the wrong things and those that don’t develop fast enough. During a recession many people who are thinking of starting a business will have some form of redundancy payment which they hope to use in developing their business ownership hopes. These people either think that paying for high value websites, marketing material and franchises will automatically bring success. The development of the business and the entrepreneur is very important. We see people who think of starting a business as a similar role, yet with more freedom as their previous job, meaning they can come into the office at 9am and leave at 5pm with 5 weeks off holiday each year. Successful businesses don’t run that way (pop down to the 24 hour Tesco’s and sit, watch and learn) and the extra effort is an important factor in ensuring success.

    The message given by a government is taken in on many levels, the basic on is “get off your sofa and make your own job, cus no one else ‘at this point in time’ can and you are the champion of your own destiny (until we get a bit more money).” This message is digested by a vast range of people from 12 to 50 year olds who then decide to make the changes to ensure their destiny is one of self esteem, motivation and focus. There is no better way to live your life and this is why an entrepreneur’s role the world is secure and thankful leaving the politicians just to talk about it.

  • Do we need a knowledge or a skill’s economy?

    We hear the term ‘knowledge economy ‘ used by many people and this week I finally made a decision, its not good for us entrepreneurs. The essential facet of a knowledge economy is that focused on the production and management of knowledge. It means Universities can get paid to make new discoveries, without ever wanting anyone to use them.

    So lets take a look at history, Greek scholar named Pythagoras, who lived around 500 BC was also fascinated by triangles with these special side ratios and came up with a theory which we still use today. So the Greek’s had a knowledge economy. I don’t have to say how they have factored since taking the cheap finance available since joining the Euro. However, the development of knowledge itself does not bring prosperity, it’s the continued exploitation of it.

    The fact is with a truly international economy and information sharing through the internet, knowledge is not an asset until you have the skills to use it. The frontiers of knowledge are only today’s and tomorrow we shall have new frontiers which make yesterdays knowledge redundant and obsolete. With more people on the planet the pace of this knowledge development increasing as the human race, races for more knowledge. How can you expect to win a race when you have over 6 billion people against you? Small countries do not have the man power or money.

    The answer is to master the skill of managing, exploiting and capitalizing the knowledge. Society needs to develop people who have these skills to transfer knowledge into successful enterprises.

    When I look at successful entrepreneurs, they develop industry knowledge, but never technical, they know the trends, but never the detail, they understand what works and what does not, but could not build any product themselves. The skill to adapt to whatever life throws at you is a skill we should all have and this skills needs to be learnt at every stage of education, even a university one.

    In a knowledge-based economy, knowledge is a tool. So if we are going to anything we need an knowledge-based economy with a population who have access to the knowledge and the skills to master it for our enterprising future.

    Pythagoras gave us a tool and we should never forget the skill of using it.

  • What business should I start?

    This is the million dollar question, and so hard to explain to people.

    I always talk about passion and how if you have passion then you will be more successful. It’s more than this, if you do not believe in what you are doing and have the ability to drive yourself 12 hours a day to strive for success then success will not be able to find you. Passion for the product, the service and your customers is a real source of energy, drive and determination which is an enormous help.

    However some people have a passion for making money, being financial stable and independent. These people would have the passion to sell tea spoons, or sand or just about anything. For these people I tell them:

    Its about Basic Needs

    Maslow is famous for setting out people’s needs. He stated that people need the following in the following order:

    Physiological(food, water, health, sleep), Safety and Security(employment, finances, resources, family, property), Love and Belonging (friendship, family, sexual intimacy), Esteem (confidence, achievement, respect) and Self Actualisation (creativity, problem solving, acceptance of facts).

    If you walk down the high street, every shop is based on one of these needs. The most successful ones are those which basic needs, food, water, health. The more basic the need, the greater the market size, the more people wait it and the better chances you have of selling more and being more successful. There are lots of examples: Bottled Water, Coffee Shops, Hotels, Fast Food….

    Take a look at you spend and what products you buy, how can you better or improve on the products you buy?

    Its about trends

    People are living longer. This means there will be larger population, resources will be have to be shared and will cost more (supply and demand). The price of land, minerals, financial resources and even the virtual world will increase. More of these people will be old(er), more will have an illness, more will need help, more will be in the process of dying. There is money to be made out of each and every stage of life.

    People have more money. The rich will always be rich and the poor will always be poor. Be definition you cannot have one without the other. Greed drives one to master the other. Those with money will and always have wanted to live in individual place, have different social clubs and have people to help them enjoy and spend their money.

    There will always be people moving around the globe, people will move for work, holidays and migration as they have for thousands of years. Every day China and India get richer and this massive population will wait to travel, have the experience of seeing the Pyramids, Eiffel Tower and Sydney Harbour.

    The economies of the world will change to develop new sources of energy which ensures the growth. Do you think China and India have done all this hard work only to run out of energy? With new energy sources come new opportunities to manage, measure and profit from it.

    The internet will get bigger, faster. Moores law will continue to ensure we can double processing power every 18 months. Applications will be created which will allow the most amazing integrations of library information, personal environmental data and social interaction. Please remember the words of Darth Vader “All your technology is insignificant to the power of the force.” The force being peoples habits. After all we still live in houses created hundreds of years ago.

    In short there are so many opportunities that you just need to look for the one that fits your skills, appetite for risk and aptitude.

  • Twitter Weekly Updates for 2011-03-06

    • We’ve removed the ceiling above our dreams. There are no more impossible dreams. – Jesse Jackson #business #entrepreneur #motivation #quotes #
    • Leadership is practiced not so much in words as in attitude and in actions. – Harold S. Geneen #business #entrepreneur #motivation #quotes #
    • Dreams come true; without that possibility, nature would not incite us to have them. – John Updike #quotes #life #work #love #change #
    • What you do speaks so loud that I cannot hear what you say. – Ralph Waldo Emerson #business #entrepreneur #motivation #quotes #life #work #
    • The moment of enlightenment is when a person’s dreams of possibilities become images of probabilities- Vic Braden #motivation #quotes #work #
    • No one ever excused his way to success. – Dave Del Dotto #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • I attribute my success to this – I never gave or took any excuse. – Florence Nightingale #business #entrepreneur #motivation #quotes #
    • Don’t be afraid of the space between your dreams and reality. If you can dream it, you can make it so. Belva Davis #motivation #quotes #
    • Just as you began to feel that you could make good use of time, there was no time left to you. Lisa Alther #motivation #quotes #love #change #
    • Never confuse motion with action. – Benjamin Franklin #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Dream as if you’ll live forever. Live as if you’ll die tomorrow. – James Dean #business #entrepreneur #motivation #quotes #life #work #love #
    • Niney-nine percent of failures come from people who have the habit of making excuses. George W. Carver #motivation #quotes #
    • A man is the sum of his actions, of what he has done, of what he can do, Nothing else.- Mahatma Gandhi #
    • Download YOUR Motivated Entrepreneur Business Mindmap NOW! from http://dld.bz/HduQ #business #entrepreneur #business #entrepreneur #
    • Do what you can, with what you have, where you are.- Theodore Roosevelt #business #entrepreneur #motivation #quotes #life #work #
    • Go for it now. The future is promised to no one. – Wayne Dyer #business #entrepreneur #motivation #quotes #life #love #change #money #help #
    • The great end of life is not knowledge but action.- Thomas H. Huxley#motivation #quotes #life #work #love #change #
    • Action may not always bring happiness; but there is no happiness without action- Benjamin Disraeli #motivation #quotes #work #love #change #
    • Commitment leads to action. Action brings your dream closer.- Marcia Wieder #business #entrepreneur #motivation #quotes #work #love #change #
    • Character isn’t inherited. One builds it daily by the way one thinks and acts, thought by thought, action by action.- Helen Gahagan Douglas #
    • Think like a man of action, act like a man of thought. – Henri Louis Bergson #business #motivation #quotes #life #work #love #change #help #
    • The true gentleman does not preach his beliefs until he does so by his actions. #business #motivation #quotes #life #work #love #change #
    • Good intentions are not good enough…ultimately we are measured by our actions. #business #entrepreneur #motivation #quotes #life #work #love #
    • Conditions are never just right. People who delay action until all factors are favourable do nothing -William Feather #motivation #quotes #
    • The only thing necessary for the triumph of evil is for good men to do nothing – Edmund Burke #motivation #quotes #life #work #love #
    • Read my blog: "Empathy and Ego make good Entrepreneurs" at http://dld.bz/GJ6H #
    • It is on our failures that we base a new and different and better success,; Havelock Ellis #entrepreneur #motivation #quotes #love #change #
    • David Bozward's Entrepreneur Motivation Blog http://t.co/FuGcaQd via @wibiya #
    • When you innovate, you’ve got to be prepared for people telling you that you are nuts -LarryEllison #motivation #quotes #change #life #work #
    • We live in a world where you’re not being eaten by a lion when you fail, you just have to get another job -Michael Arrington #quotes #love #
    • Stay self-funded as long as possible:- Garrett Camp #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • If you’re building a product, you can’t be afraid of hearing criticism about it: -Kyle Bragger #business #entrepreneur #motivation #quotes #
    • To accomplish great things, we must not only act, but also dream; not only plan, but also believe,: Anatole France #quotes #love #change #
    • You can’t build a reputation on what you’re going to d,; Henry Ford #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it. Begin it now,: Goethe #quotes #love #change #
    • Only those who will risk going too far can possibly find out how far one can go :-T. S. Eliot #motivation #quotes #life #work #love #change #
    • Make your product easier to buy than your competition, or you will find your customers buying from them, not you: -Mark Cuban #quotes #job #
    • Forget about your competitors, just focus on your customers: -Jack Ma #business #entrepreneur #motivation #quotes #life #work #love #change #
    • But above all, try something,; Franklin D. Roosevelt #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • The lean startup method is not about cost, it is about speed: -Eric Ries #entrepreneur #motivation #quotes #work #love #change #money #help #
    • Whether you think you can or you think you can’t, you’re right: -Henry Ford #entrepreneur #motivation #quotes #love #change #money #help #
    • Always deliver more than expected:-Larry Page #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #life #
    • The cost of hiring someone bad is so much greater than missing out on someone good -Joe Kraus #entrepreneur #motivation #quotes #life #work #
    • Don’t let people tell you your ideas are stupid: if you’re really passionate about something, find a way to build it-Dennis Crowley #quotes #
    • Any time is a good time to start a company: -Ron Conway #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Innovation distinguishes between a leader and a follower :Steve Jobs #business #entrepreneur #motivation #quotes #love #change #money #help #
    • Download YOUR Motivated Entrepreneur Business Mind-map NOW! free from http://dld.bz/HduQ #business #entrepreneur #life #work #love #change #
    • The way to get started is to quit talking and begin doing -Walt Disney #motivation #quotes #life #work #love #change #money #help #job #
    • The quality of a university is measured more by the kind of student it turns out than the kind it takes in– Robert J. Kibbee #quotes #life #
    • Everyone is trying to accomplish something big, not realizing that life is made up of little things:– Frank A. Clark #motivation #quotes #
    • Every time you don’t follow your inner guidance,you feel a loss of energy,loss of power,a sense of spiritual deadness– Shakti Gawain #life #
    • Read "Empathy and Ego make good Entrepreneurs" Blog at http://dld.bz/GJ6H #life #work #love #change #money #help #
    • You must have control of the authorship of your own destiny: – Irene C. Kassorla #motivation #quotes #life #work #love #change #
    • Sync your files online and across computers with @Dropbox. 2GB account is free! http://db.tt/ef1JAFY #
    • You are educated when you have the ability to listen to almost anything without losing your temper or self-confidence:– Robert Frost #quotes #
    • Download Motivated Entrepreneur Business Mindmap.Free NOW from http://dld.bz/HduQ #business #entrepreneur #business #entrepreneur #
    • Who should be in your entrepreneurial team blog at: http://dld.bz/QP76 #

    Powered by Twitter Tools

  • Twitter Weekly Updates for 2011-03-06

    • We’ve removed the ceiling above our dreams. There are no more impossible dreams. – Jesse Jackson #business #entrepreneur #motivation #quotes #
    • Leadership is practiced not so much in words as in attitude and in actions. – Harold S. Geneen #business #entrepreneur #motivation #quotes #
    • Dreams come true; without that possibility, nature would not incite us to have them. – John Updike #quotes #life #work #love #change #
    • What you do speaks so loud that I cannot hear what you say. – Ralph Waldo Emerson #business #entrepreneur #motivation #quotes #life #work #
    • The moment of enlightenment is when a person’s dreams of possibilities become images of probabilities- Vic Braden #motivation #quotes #work #
    • No one ever excused his way to success. – Dave Del Dotto #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • I attribute my success to this – I never gave or took any excuse. – Florence Nightingale #business #entrepreneur #motivation #quotes #
    • Don’t be afraid of the space between your dreams and reality. If you can dream it, you can make it so. Belva Davis #motivation #quotes #
    • Just as you began to feel that you could make good use of time, there was no time left to you. Lisa Alther #motivation #quotes #love #change #
    • Never confuse motion with action. – Benjamin Franklin #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Dream as if you’ll live forever. Live as if you’ll die tomorrow. – James Dean #business #entrepreneur #motivation #quotes #life #work #love #
    • Niney-nine percent of failures come from people who have the habit of making excuses. George W. Carver #motivation #quotes #
    • A man is the sum of his actions, of what he has done, of what he can do, Nothing else.- Mahatma Gandhi #
    • Download YOUR Motivated Entrepreneur Business Mindmap NOW! from http://dld.bz/HduQ #business #entrepreneur #business #entrepreneur #
    • Do what you can, with what you have, where you are.- Theodore Roosevelt #business #entrepreneur #motivation #quotes #life #work #
    • Go for it now. The future is promised to no one. – Wayne Dyer #business #entrepreneur #motivation #quotes #life #love #change #money #help #
    • The great end of life is not knowledge but action.- Thomas H. Huxley#motivation #quotes #life #work #love #change #
    • Action may not always bring happiness; but there is no happiness without action- Benjamin Disraeli #motivation #quotes #work #love #change #
    • Commitment leads to action. Action brings your dream closer.- Marcia Wieder #business #entrepreneur #motivation #quotes #work #love #change #
    • Character isn’t inherited. One builds it daily by the way one thinks and acts, thought by thought, action by action.- Helen Gahagan Douglas #
    • Think like a man of action, act like a man of thought. – Henri Louis Bergson #business #motivation #quotes #life #work #love #change #help #
    • The true gentleman does not preach his beliefs until he does so by his actions. #business #motivation #quotes #life #work #love #change #
    • Good intentions are not good enough…ultimately we are measured by our actions. #business #entrepreneur #motivation #quotes #life #work #love #
    • Conditions are never just right. People who delay action until all factors are favourable do nothing -William Feather #motivation #quotes #
    • The only thing necessary for the triumph of evil is for good men to do nothing – Edmund Burke #motivation #quotes #life #work #love #
    • Read my blog: "Empathy and Ego make good Entrepreneurs" at http://dld.bz/GJ6H #
    • It is on our failures that we base a new and different and better success,; Havelock Ellis #entrepreneur #motivation #quotes #love #change #
    • David Bozward's Entrepreneur Motivation Blog http://t.co/FuGcaQd via @wibiya #
    • When you innovate, you’ve got to be prepared for people telling you that you are nuts -LarryEllison #motivation #quotes #change #life #work #
    • We live in a world where you’re not being eaten by a lion when you fail, you just have to get another job -Michael Arrington #quotes #love #
    • Stay self-funded as long as possible:- Garrett Camp #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • If you’re building a product, you can’t be afraid of hearing criticism about it: -Kyle Bragger #business #entrepreneur #motivation #quotes #
    • To accomplish great things, we must not only act, but also dream; not only plan, but also believe,: Anatole France #quotes #love #change #
    • You can’t build a reputation on what you’re going to d,; Henry Ford #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it. Begin it now,: Goethe #quotes #love #change #
    • Only those who will risk going too far can possibly find out how far one can go :-T. S. Eliot #motivation #quotes #life #work #love #change #
    • Make your product easier to buy than your competition, or you will find your customers buying from them, not you: -Mark Cuban #quotes #job #
    • Forget about your competitors, just focus on your customers: -Jack Ma #business #entrepreneur #motivation #quotes #life #work #love #change #
    • But above all, try something,; Franklin D. Roosevelt #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • The lean startup method is not about cost, it is about speed: -Eric Ries #entrepreneur #motivation #quotes #work #love #change #money #help #
    • Whether you think you can or you think you can’t, you’re right: -Henry Ford #entrepreneur #motivation #quotes #love #change #money #help #
    • Always deliver more than expected:-Larry Page #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #life #
    • The cost of hiring someone bad is so much greater than missing out on someone good -Joe Kraus #entrepreneur #motivation #quotes #life #work #
    • Don’t let people tell you your ideas are stupid: if you’re really passionate about something, find a way to build it-Dennis Crowley #quotes #
    • Any time is a good time to start a company: -Ron Conway #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Innovation distinguishes between a leader and a follower :Steve Jobs #business #entrepreneur #motivation #quotes #love #change #money #help #
    • Download YOUR Motivated Entrepreneur Business Mind-map NOW! free from http://dld.bz/HduQ #business #entrepreneur #life #work #love #change #
    • The way to get started is to quit talking and begin doing -Walt Disney #motivation #quotes #life #work #love #change #money #help #job #
    • The quality of a university is measured more by the kind of student it turns out than the kind it takes in– Robert J. Kibbee #quotes #life #
    • Everyone is trying to accomplish something big, not realizing that life is made up of little things:– Frank A. Clark #motivation #quotes #
    • Every time you don’t follow your inner guidance,you feel a loss of energy,loss of power,a sense of spiritual deadness– Shakti Gawain #life #
    • Read "Empathy and Ego make good Entrepreneurs" Blog at http://dld.bz/GJ6H #life #work #love #change #money #help #
    • You must have control of the authorship of your own destiny: – Irene C. Kassorla #motivation #quotes #life #work #love #change #
    • Sync your files online and across computers with @Dropbox. 2GB account is free! http://db.tt/ef1JAFY #
    • You are educated when you have the ability to listen to almost anything without losing your temper or self-confidence:– Robert Frost #quotes #
    • Download Motivated Entrepreneur Business Mindmap.Free NOW from http://dld.bz/HduQ #business #entrepreneur #business #entrepreneur #
    • Who should be in your entrepreneurial team blog at: http://dld.bz/QP76 #

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  • Who should be in your entrepreneurial team

    Business is about working with other people, it’s about trading with these ‘other’ people for mutual benefit. The successful entrepreneur knows their strengths and more importantly their weaknesses.  It is these lesser properties that they develop a team around them who can compliment and strengthen their abilities. So who do you need?

    Every Entrepreneur has to sell and has to learn the trade, but sometimes sales can be more account management, telesales, people management which entrepreneurs tend to lack certain skills in maturing. Sales generate revenue, profit and growth in a business and therefore you need proactive people who can promote the business and generate interest and sales. It may be necessary to look at different business models which incorporate your style of sales, from franchising, selling to trade or on-line merchant. However the further you are away from the customer the less you may make in profit.

    The financial management of the business is important in the development of the business, understanding and communicating this to the shareholders, banks and suppliers is a major success factor. There are two skills within finance which the entrepreneur should source, one is bookkeeping the other financial planning and reporting. Bookkeeping is easily outsourced on an hourly or part time basis. Financial planning and reporting is normally where entrepreneurs need help and it here you should bring in someone who can act as a part time financial director. They will be the big gun you can bring out to demonstrate the finances of the business are in very good hands.

    Someone has to manage the operations of the business, they are in charge of making stuff, they are the person who gets given the order from the customer and then deliver the products. This may include manufacturing, purchasing, warehousing and logistics. This role is the heart of the business, they make the money, create the value and ultimately the reputation of the business. If they fail, the business will.

    The nature of business means we have to protect our business interests with legal documents and enforce our position with legal action. The closer your legal adviser is to your business the easier it will be to ensure you are protected. The relationship you have with this person is important in developing an on-going business relationship and not just ‘calling you in to sort out my rubbish’ attitude. The general rule in the legal world is the fees reflect the depth of the hole the client is in. So no hole means smaller fees.

    Every entrepreneur should have a mentor, someone who has done this before, can provide advice based on knowledge. This person is someone you can turn to, you can ask for advice and when things go wrong can help reflect and learn your failures, ensuring your next opportunity is a even greater success.

    Finally, the one person which your business could not survive without:  The Customer. This person is an important part of the team, they buy into your business every time they purchase your product. They will offer advice, feedback and recommendations which will be free of consult fees, future contracts or telling what they think you want to hear. Use this amazing group to develop your business and treat them as part of your team.

    Now go out and find your team!

  • Twitter Weekly Updates for 2011-02-20

    • And the trouble is, if you don't risk anything, you risk even more – Erica Jong #business #entrepreneur #motivation #quotes #work #love #
    • Worry is like a rocking chair – it gives you something to do, but it doesn't get you anywhere- Dorothy Galyean #motivation #quotes #change #
    • We would worry less about what others think of us if we realized how seldom they do- Ethel Barrett #quotes #life #work #love #change #
    • Ability may get you to the top, but it takes character to keep you there – John Wooden #business #motivation #quotes #life #work #love #
    • As we are liberated from our own fear, our presence automatically liberates others-Marianne Williamson #quotes #life #work #love #change #
    • Tip:Get trained on things like bookkeeping, marketing, and IT- You'll be spending a lot of time doing these things.#work #love #life #money #
    • Tip: Look at the other businesses in the area. Decide whether or not having direct competitors will be helpful. #business #entrepreneur #
    • Courage is not the absence of fear, but rather the judgment that something else is more important than fear- Ambrose Redmoon #quotes #life #
    • Tip:Make quality in every aspect of your business your primary focus and aim. If it isn't, you will eventually go out of business #life #
    • Tip:To avoid isolation, Develop a network of entrepreneurs that you see regularly and bounce ideas off #business #motivation #life #work #
    • I have found that if you love life,then life will love you back. -Arthur Rubinstein #business #motivation #quotes #life #work #love #change #
    • sell-Timid salesmen have skinny kids. -Zig Ziglar #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Tip:Separate your work and personal life. Set your working hours and stick to a strict timetable. #business #entrepreneur #life #work #money #
    • Forget about the business outlook, be on the outlook for business. -Paul J. Meyer #quotes #life #work #love #change #money #help #
    • When you cease to dream you cease to live – Malcolm Forbes #business #entrepreneur #motivation #quotes #life #love #change #money #help #
    • check out the latest blog now @ http://dld.bz/MBAq #motivation #quotes #life #work #love #change #
    • I do not think there is any other quality so essential to success of any kind as the quality of perseverance-John D.Rockefeller #life #help #
    • All things being equal, people will do business with, and refer business to, those people they know, like and trust.-Bob Burg #money #love #
    • Read the latest BLOG and leave comment at http://dld.bz/F9tW #business #entrepreneur #motivation #love #change #money #
    • Tip- Do what you do better and do more of what you do. #quotes #life #work #love #money #motivation #
    • You can't do todays job with yesterday's methods and still be in business tomorrow #business #entrepreneur #motivation #quotes #love #change #
    • Tip:Don't work for less than you can afford to, you won't have a business tomorrow. #life #work #love #money #entrepreneur #
    • Move fast and break things. Unless you are breaking stuff, you are not moving fast enough. Mark Zuckerberg #entrepreneur #motivation #quotes #
    • We either make ourselves miserable, or we make ourselves strong. The amount of work is the same. Carlos Castaneda #
    • Sometimes you just got to give yourself what you wish someone else would give you. Dr Phil #quotes #life #work #love #change #money #help #
    • Being able to touch so many people through my businesses and make money while doing it,is a huge blessing. Magic Johnson #quotes #life #love #
    • Always treat your employees exactly as you want them to treat your best customers. ..-Stephen R. Covey #quotes #life #work #love #change #
    • Remember your motive for starting a business? Read my latest blog to find out entrepreneurs should do: http://dld.bz/F9tW #love #change #
    • Tip:Never worry about how to get things done when you are first developing your idea.Money+resources will come once goals set+work at them. #
    • Good enough never is. -Debbi Fields #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • I learned that it is the weak who are cruel, and that gentleness is to be expected only from the strong. Leo Rosten #quotes #love #change #
    • Quality is remembered long after the price is forgotten. Gucci Slogan #entrepreneur #motivation #quotes #
    • In a recent survey, 37% of start-ups stated their motive was independence. http://dld.bz/F9tW #entrepreneur #motivation #
    • You will never find time for anything. If you want the time, you must make it. – Charles Buxton #quotes #life #work #love #change #help #job #
    • If your mind isn't open, keep your mouth shut too – Sue Grafton #quotes #life #work #love #change #
    • The man who has no imagination has no wings – Muhammad Ali #quotes #life #work #love #change #money #help #job #
    • The distance is nothing; it is only the first step that is difficult – Mme. Du Deffand #business #entrepreneur #motivation #quotes #life #
    • Take your life in your own hands, and what happens? A terrible thing: no one to blame- Erica Jong #quotes #life #work #love #change #
    • Luck is when preparedness meets opportunity – Earl Nightingale #business #entrepreneur #motivation #quotes #life #work #love #change #money #
    • When you come to a roadblock, take a detour. Mary Kay Ash #motivation #quotes #life #work #love #business #entrepreneur #motivation #
    • Dying seems less sad than having lived too little- Gloria Steinem #business #entrepreneur #motivation #quotes #life #work #love #change #
    • Between thinking and seeing, there is a place called knowing – Carolyn Myss #business #entrepreneur #motivation #quotes #life #work #love #
    • Nothing great was ever achieved without enthusiasm- Ralph Waldo Emerson #business #entrepreneur #motivation #quotes #love #change #help #job #
    • Whatever you can do or dream you can, begin it. Boldness has genius, power, and magic in it. Begin it now-Goethe #motivation #quotes #change #
    • Tip:Don't enter a business or a venture that you know nothing about. You'll be running to catch up for the rest of your business life. #work #
    • Shoot for the moon. Even if you miss, you'll land among the stars- Les Brown #business #entrepreneur #motivation #quotes #
    • You can't make someone else's choices. You shouldn't let someone else make yours- Gen. Colin Powell #quotes #life #work #love #change #
    • Begin somewhere; you cannot build a reputation on what you intend to do- Liz Smith #entrepreneur #motivation #quotes #work #love #change #
    • In a recent survey, 37% of start-ups stated their motive for starting a business was independence. http://dld.bz/F9tW #
    • You may have to fight a battle more than once to win it- Margaret Thatcher #business #entrepreneur #motivation #quotes #life #work #love #
    • Tip:Be flexible in your thinking.Prepare to change the way you work,the products you use and the services you offer. #life #work #love #job #
    • Imagination is the highest kite that one can fly – Lauren Bacall #business #entrepreneur #motivation #quotes #life #work #love #change #
    • The best reason to start an organization is to make meaning – to create a product or service to make the world a better place – Guy Kawasaki #
    • I want to do it because I want to do it- Amelia Earhart #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • Failure defeats losers, failure inspires winners – Robert T. Kiyosaki #entrepreneur #motivation #quotes #
    • in preparing for battle I have always found that plans are useless, but planning is indispensable – Dwight D. Eisenhower #motivation #quotes #
    • Some people dream of great accomplishments, while others stay awake and do them #business #entrepreneur #motivation #quotes #life #work #
    • Be faithful in small things because it is in them that your strength lies.– Mother Teresa #quotes #life #work #love #change #
    • Capital isn't that important in business. Experience isn't. You can get both of these things. What is important is ideas-Harvey Firestone #
    • The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try-Debbi Fields #quotes #work #love #
    • Find your passion… then it is no longer work!-L.A. Reid #quotes #entrepreneur #motivation #
    • Nobody talks of entrepreneurship as survival, but that's exactly what it is-Anita Roddick #
    • A friendship founded on business is a good deal better than a business founded on friendship-John D. Rockefeller #motivation #quotes #
    • Yard by yard, everything is hard. Inch by inch, everything's a cinch. #business #entrepreneur #motivation #quotes #love #change #help #job #
    • High expectations are the key to everything-Sam Walton #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #
    • I've been blessed to find people who are smarter than I am, and they help me to execute the vision I have-Russell Simmons #quotes #love #
    • Be smart, but never show it – Louis B. Mayer #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • When you expect things to happen – strangely enough – they do happen – John P. Morgan #business #entrepreneur #motivation #quotes #
    • The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty-Winston Churchill #quotes #
    • It's choice, not chance, that determines your destiny – Jean Nidetch #business #entrepreneur #motivation #quotes #love #change #
    • The entrepreneur always searches for change,responds to it,and exploits it as an opportunity- Peter F. Drucker #business #motivation #quotes #
    • It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.- Warren Buffett #
    • High expectations are the key to everything-Sam Walton #business #entrepreneur #motivation #quotes #
    • Our imagination is the only limit to what we can hope to have in the future-Charles F. Kettering #business #entrepreneur #motivation #quotes #
    • Slaying the dragon of delay is no sport for the short-winded.-Sandra Day O’Connor #quotes #life #work #love #change #money #help #job #
    • Opportunities are usually disguised as hard work,so most people don’t recognize them-Ann Landers #business #entrepreneur #motivation #quotes #
    • Our company relies on having the trust of our users and using that information for that benefit-Larry Page #business #motivation #quotes #
    • Move, and the way will open.- Old Zen Proverb #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Do or do not, there is no try. – Yoda #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • If it is to be, it is up to me. – David Zahn #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Change the way you look at things, and the things you look at change.-Dr Wayne Dyer #motivation #quotes #love #change #money #help #job #
    • It's not personal; it's business – The Godfather #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Only those who dare to fail greatly can ever achieve greatly -Robert Kennedy #business #entrepreneur #motivation #quotes #life #work #love #
    • Great minds discuss ideas. Average minds discuss events. Small minds discuss people.- Eleanor Roosevelt #business #entrepreneur #motivation #
    • You make a living by what you get; you make a life by what you give. – Winston Churchill #business #entrepreneur #motivation #quotes #
    • You've got to get up, get out, and do something. Don't let the days of your life pass by- Outkast #quotes #life #work #love #change #help #
    • Nothing changes if nothing changes- Earnie Larson #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Be who you are, and say what you feel; because those who mind don't matter, and those who matter don't mind.- Dr. Seuss #quotes #life #work #
    • Slap on a little lipstick, you'll be fine- Nora Ephron #business #entrepreneur #motivation #quotes #life #work #love #change #help #job #
    • The Start-Up Kit, Everything you need to start a small business http://dld.bz/Npc9 #
    • If you do what you've always done, you'll get what you've always gotten – anon #business #motivation #quotes #life #love #change #help #
    • BE the person you want others to THINK you are – #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Everything you need to start a small business is in the The Start-Up Kit http://dld.bz/Npc9 #
    • Life is not about waiting for the storms to pass…it's about learning to dance in the rain! – Vivian Greene #business #motivation #quotes #
    • New The Start-Up Kit, Everything you need to start a small business http://dld.bz/Npc9 #
    • Yes, there are two paths you can go by. But, in the long run, there's still time to change the road you're on- Robert Plant #quotes #change #
    • Success is the best revenge – Shannon Dye #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Have the end in mind and every day make sure your working towards it – Ryan Allis #business #entrepreneur #motivation #quotes #
    • He who begins many things finishes but few – German Proverb #business #entrepreneur #motivation #quotes #
    • The best use of life is to spend it for something that outlasts it – William James #business #entrepreneur #motivation #quotes #work #love #
    • Check out: The Start-Up Kit, Everything you need to start a small business http://dld.bz/Npc9 #
    • If you think education is expensive, try ignorance – Derek Bok #business #entrepreneur #motivation #quotes #love #change #money #help #job #
    • Lend your friend $20, if he doesn’t pay you back then he’s not your friend. Money well spent – Ted Nicolas #motivation #quotes #work #love #
    • Be nice to geek’s, you’ll probably end up working for one – Bill Gates #business #entrepreneur #motivation #quotes #work #love #change #
    • Its better to own the racecourse then the race horse – Unknown #business #entrepreneur #motivation #quotes #life #work #love #change #
    • When you go to buy, don’t show your silver – Chinese Proverb #business #entrepreneur #motivation #quotes #life #work #love #change #money #
    • It’s easier to ask forgiveness than it is to get permission – Grace Hopper #business #entrepreneur #motivation #quotes #work #love #change #
    • Example is not the main thing in influencing other people; it’s the only thing – Abraham Lincoln #motivation #quotes #work #love #change #
    • Associate yourself with people of good quality, for it is better to be alone than in bad company – Booker T. Washington #motivation #quotes #
    • Keep away from people who try to belittle your ambitions – Mark Twain #business #entrepreneur #motivation #quotes #life #work #love #change #
    • You don’t buy a nice car and get rich you get rich and buy a nice car – Unknown #motivation #quotes #life #work #love #
    • Fall seven times, stand up eight – Japanese Proverb #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • One day your life will flash before your eyes. Make sure it is worth watching –Mooie #business #entrepreneur #motivation #quotes #life #work #
    • Whatever the mind can conceive and believe, the mind can achieve – Dr. Napoleon Hill #motivation #quotes #life #work #love #
    • If you ain’t making waves, you ain’t kickin’ hard enough – Unknown #business #entrepreneur #motivation #quotes #life #work #love #change #
    • What is not started will never get finished – Johann Wolfgang von Goethe #business #entrepreneur #motivation #quotes #life #work #love #
    • Do not wait to strike until the iron is hot; but make it hot by striking – William B. Sprague #business #motivation #quotes #love #change #
    • Remembering your motive for starting a business is key is keeping motivated: http://dld.bz/F9tW #
    • Get Busy Living, or Get Busy Dying. Shawshank Redemption #business #entrepreneur #motivation #quotes #life #work #love #change #money #
    • Fear can hold you prisoner. Hope can set you free. Shawshank Redemption #business #entrepreneur #motivation #quotes #life #love #change #
    • There is only one way to make a great deal of money; and that is in a business of your own.– J. Paul Getty #entrepreneur #motivation #quotes #
    • It's not the size of the dog in the fight; it's the size of the fight in the dog- Mark Twain #quotes #life #work #love #change #money #help #
    • Do you remember your motive for starting a business. Does it still motivate you? http://dld.bz/F9tW #
    • Live with Passion – Anthony Robbins #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Everything you can imagine is real. – Pablo Picasso #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • To be mature means to face, and not evade, every fresh crisis that comes. – Fritz Künkel #business #motivation #quotes #love #change #
    • People always call it luck when you've acted more sensibly than they have. – Anne Tyler #business #entrepreneur #motivation #quotes #
    • Leadership and learning are indispensable to each other. – John F. Kennedy #business #entrepreneur #motivation #quotes #love #change #help #
    • Gratitude is not only the greatest of virtues, but the parent of all others. – Cicero #business #entrepreneur #motivation #quotes #change #
    • Do not turn back when you are just at the goal. – Publilius Syrus #business #entrepreneur #motivation #quotes #life #work #love #change #
    • A minute's success pays the failure of years. – Robert Browning #business #entrepreneur #motivation #quotes #life #work #love #change #
    • Observe your enemies, for they first find out your faults. – Antisthenes #business #entrepreneur #motivation #quotes #work #love #change #
    • Nothing is a waste of time if you use the experience wisely. – Rodin #business #entrepreneur #motivation #quotes #life #work #love #change #
    • Learning is not compulsory… neither is survival. – W. Edwards Deming #business #entrepreneur #motivation #quotes #life #work #love #change #
    • It's a sign of mediocrity when you demonstrate gratitude with moderation- Roberto Benigni #business #entrepreneur #motivation #quotes #life #
    • We must always change, renew, rejuvenate ourselves; otherwise we harden. Johann Wolfgang Von Goethe #motivation #quotes #life #work #love #
    • Wealth is the product of man's capacity to think. – Ayn Rand #motivation #quotes #life #business #entrepreneur #
    • Our business in life is not to get ahead of others, but to get ahead of ourselves. – E. Joseph Cossman #quotes #life #work #
    • The longer you're not taking action the more money you're losing. – Carrie Wilkerson #business #entrepreneur #motivation #quotes #change #
    • If what you are doing is not moving you towards your goals, then it's moving you away from your goals. – Brian Tracy #motivation #quotes #
    • Go Big, or Go Home. – Eliza Dushku #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Capital isn't scarce; vision is. – Sam Walton #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Keep away from people who try to belittle your ambitions. – Mark Twain #motivation #quotes #life #work #love #change #
    • Tell everyone what you want to do and someone will want to help you do it. – W. Clement Stone #business #entrepreneur #motivation #quotes #
    • I do not believe a man can ever leave his business. He ought to think of it by day and dream of it by night -Henry Ford #motivation #quotes #
    • Don't be afraid to give up the good to go for the great. John D. Rockefeller #motivation #quotes #life #work #love #change #
    • I like thinking big. If you're going to be thinking anything, you might as well think big. – Donald Trump #business #motivation #quotes #
    • A company is only as good as the people it keeps. – Mary Kay Ash #business #entrepreneur #motivation #quotes #life #work #love #change #
    • Part of being a winner is knowing when enough is enough. Sometimes you have to give up the fight and walk away, and move on … Donald Trump #
    • Management is, above all, a practice where art, science, and craft meet. — Henry Mintzberg #business #motivation #quotes #love #change #
    • Chop your own wood, and it will warm you twice. #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Don't find fault, find a remedy. #business #entrepreneur #motivation #quotes #life #work #love #change #money #help #job #
    • Before everything else, getting ready is the secret of success. #business #entrepreneur #motivation #quotes #life #work #love #change #
    • Even a mistake may turn out to be the one thing necessary to a worthwhile achievement. #business #entrepreneur #motivation #quotes #change #
    • Failure is simply the opportunity to begin again, this time more intelligently #business #entrepreneur #motivation #quotes #life #work #love #
    • If you think you can do a thing or think you can't do a thing, you're right. #business #motivation #quotes #life #work #love #change #
    • Obstacles are those frightful things you see when you take your eyes off your goal. #business #motivation #quotes #life #work #love #change #
    • Every right implies a responsibility; Every opportunity, an obligation, Every possession, a duty. #business #entrepreneur #motivation #
    • Good leadership consists of showing average people how to do the work of superior people. – John D.Rockefeller #business #motivation #quotes #

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