There are many courses online and in print which advocate methods by which you can make money while you sleep, or vacation in the resort of your dreams. The courses advocate the concept of easy money, in which you expend minimal risk to set yourself up for long-term success. The risks are described as minimal, [...]
Working with several businesses at various stages of development, as well as many projects that are to become the basis for future businesses, I’ve discovered something interesting about management teams. Every business or project has one, even if the entire company consists of a single individual. However, what I’ve discovered is that there is a [...]
There’s a fairly well known rule in propositioning to potential investors – make sure you have some personal investment in the business or you risk losing all interest up front. The reason for this is fairly simple – the investor wants to see that you believe in the idea enough to take some risk before [...]
The finale for Season 5 of Dragons’ Den was devoted to the 5 constant figures in the Den, the five Dragons. The show was titled Path to Riches and went through the story of how each Dragon reached their current success. What was especially fascinating about the show was that while discussing 5 unique stories, [...]
What would you do for a dollar? This question was put to me the other day, and made me think about how a business grows. To answer the question, I started by looking at what I used to do for money and what I currently do for money. I used to accept money for anything [...]
In any given day, I spend in excess of an hour working on my networks. Some of that time is spent on this site – writing articles, responding to comments. Other time is spent talking to colleagues to keep up-to-date on what’s happening around me. I visit a variety of sites (see my list of [...]
I was reading a book to my daughter the other day, and the opening words struck a chord with me: This was no time for play. This was no time for fun. This was no time for games. There was work to be done/ The Cat in the Hat Comes Back by Dr. Seuss Two [...]
You never know where your next lead will come from. In any business, there is always the dream client or customer. While the precise details of what constitutes such a customer depend on the exact business, there are a few common factors: The profit margin is high The value of the contract or purchase is [...]
Elie Kochman is the author of Advice for Small Business Owners and the founder of Optimal Upgrade Consulting. Using his experience working in the corporate world along with his exposure to the world of small businesses, he writes these articles to assist others avoiding common pitfalls of growing a business. His experience in the corporate world, building his own business, and working directly with other growing businesses has given him some perspective on the trials and pains of running a business.
