Management

Why Every Business Owner Needs a Mentor

By Roland Bates, President, NPI/GPI Several years ago, I read a white paper that said that about 70 percent of the decisions a business owner makes ultimately prove to be wrong. (That 70 percent is the number in the report; that is not a typo.) That’s a lot of zigzagging to get from Point A Continue Reading »

Want to Be a Successful Business Owner? Don’t Make These Mistakes

While the idea of owning a business is a dream for many people, there are times when entrepreneurs fail to think things through. Funding the business, having an in-demand product or service to sell, and hiring employees are some of the common challenges that entrepreneurs face: Hiring employees too quickly can financially drain your business. Continue Reading »

What Makes a Good Entrepreneur?

Many people dream of becoming prosperous business owners; however, achieving that goal is challenging and requires hard work. Some people never take the initiative to try to make it happen — possibly due to fear and/or lack of ambition. Granted, some people seem to be born with the talent for becoming successful business owners. Others Continue Reading »

How to Fund Your Small Business

Are you confident that you want to start your own business and that you have what it takes to succeed? Perhaps the only dilemma that you have about starting a business is how to fund it. There are many options for financing your small business: Family and friends. You may have a close friend or Continue Reading »

What You Need to Know SBA Loans

The U.S. Small Business Administration (SBA) is designed to fund loans that small businesses loans may need for a variety of different reasons. However, the SBA does not actually provide the money; rather the organization provides the guarantee that the debt will be repaid to their partners. The SBA website offers overviews of loans that Continue Reading »

Starting Your Own Business: Strategies for Success

Age is mostly irrelevant in becoming a determining factor for succeeding as an entrepreneur. There have been young entrepreneurs as well as older, established entrepreneurs. Some have built success on seemingly impossible ideas and others seem to possess a certain amount of luck. For the most part, a successful entrepreneur will have to fearlessly work Continue Reading »

Teach Yourself to Think Differently

By Roland Bates, President, NPI/GPI We have to think and make many conscious decisions every day, even if it’s deciding what color socks to wear or what to have for dinner. The question I pose is this: Can we teach ourselves to think from a business perspective of solving problems and coming up with great Continue Reading »