Here at BEN, we are all about mentorship and being open to learning from others. These learning strategies are not just for new entrepreneurs – those who are already successful will also benefit from taking the time to hear about how other people take control of and manage their business and wealth. [Read more…]
I interviewed Jere Simpson, the founder & CEO of Kitewire, a software design company that counts the FBI, Homeland Security, The Pentagon, Bank of America, Samsung and Amazon among its clients. Like a lot of entrepreneurs, Jere’s always busy juggling multiple projects. I caught up with him upon the launch of netpure, a new venture that represents the next step in his entrepreneurial journey. I quickly realized that there’s a lot to learn from Jere. [Read more…]
Low-price competition is a serious threat. How can a small business fight it?
A couple of years ago, I took over an online kitchen-supply business that my wife had started with a partner five years before. It was built around a niche product, the Sea Sheller, a tool for opening crabs and lobsters. Recently a large restaurant supplier has started carrying the same product, advertising it, and selling it as a loss leader. If the company is making any profit at all on its Sea Sheller sales, it has to be very small. [Read more…]
I conducted surveys for my most recent books, Business Brilliant and The First Habit: The One Technique That Can Change Your Life (click here to get a free copy) with the self-made rich and found that the more financially successful you are, the greater the likelihood that you’ve set personal financial goals to help you achieve that success.
The data also shows that highly successful entrepreneurs are about three times as likely as ordinary people to write down their goals as a way of motivating themselves to keep achieving.
As the saying goes, “Nothing measured, nothing managed.” If you don’t set down your financial goals in plain black-and-white, how do you expect to reach them?
Take 10 or 15 minutes to answer these five simple goal-setting questions and you can set a fresh new course for wealth-building no matter what time of year. You can adapt the following exercise to any year: [Read more…]