0

3 Bootstrapping Tips

These bootstrapping tips are from Danielle Tate, CEO of MissNowMrs.com and the author of the Elegant Entrepreneur:

  1. Focus on why you are bootstrapping. You will remain in control of your vision and all the decisions concerning how you grow and where you go. The important thing is to identify the steps necessary to go from idea to income, and then take those steps methodically.
  2. Be creative about your beginnings. You do not necessarily need office space or a fancy desk. Think about where Mattel, Apple, and HP began. . .all in a garage.
  3. Barter. As an entrepreneur, don’t be afraid to trade or barter for the things you need to succeed. Swap marketing advice for coding or a vacation home stay for graphic design work. You have to be scrappy and humble to self-fund a venture

Related post: Female Entrepreneur Makes Changing Your Married Name a Cinch [DMV CEO]

0

Why Your Company Must Be A Digital Company

I bring all of this up because you and your business needs to do the same. You must be a digital business. You must have a website (a mobile friendly one). You must start to build your following on social media. You must have a newsletter. You must start blogging. You must know about and implement SEO. You must network on LinkedIn.

So, again, why should you be a digital company? Because your target market is using digital.

Curated from “You Are a Digital Company! Prepare Your Business

1

Why Entrepreneurs Fail? Charging too Little

When entrepreneurs go into business their first main objective is to stay afloat and keep their necks above water by competing on price. The misconception that the only way to gain a competitive advantage is many entrepreneurs downfall. This type of strategy might work in the short term but can lead to cash flow problems and even business failure in the long term.

Read more of the 9 reasons entrepreneurs fail: http://teach.ceoblognation.com/2014/01/12/entrepreneurs-fail-9-killer-mistakes/

Image/Freedigitalphotos.net

0

Schedule Repetitive Tasks

Each day there were certain things that Falcon knew she needed to do. They were small, daily things that sometimes got in the way of running her business. Checking on her Facebook wall and other social media sites slowed her down. Talking to a friend about this very thing she learned that he, also a fellow business owner, would usually schedule things like this at one single time in the day. In the afternoon when he returned from lunch he would hop on all of his social media sites for the business and schedule posts or reply to comments. This way he was ready for it each day and it never got int the way of his other duties.

Lesson: This lesson is inspired by the Rescue a CEO Post “5 Tips for Entrepreneurial Productivity

0

A Personal Assistant

Chipmunk had just bought the new iPhone and had been researching ways that it would help him with his business. There were obvious ways like Apps to help him with payments and keeping up with clients. Even the most basic Apps like calendars and calculators helped out a lot in his daily life of trying to manage everything. But the one thing he loved best about his new phone, which made his life just a little easier, was Siri. She could help him find information and assist him with small tasks. She acted like the personal assistant he never had!

Lesson: This lesson is inspired by the Rescue a CEO Post “5 Ways Entrepreneurs Can Use the iPhone 5 for Their Business

0

Have a Plan and Stick to It

Moose was about to open the first franchise of his business. There was such a demand for his product that he wasn’t sure whether he needed to meet that demand or mix it up a little so customers would keep coming back for his product. Sitting down one night he kept looking over papers and debating on what he should do with the newest addition. Finally after a lot of thought and advice from his fellow entrepreneurs, and the owner of the new franchise, he decided that they needed to do exactly what they were doing now. What’s why customers kept coming back, right? So Moose made a plan for the new franchise and stuck to it, he didn’t let outside thoughts creep in after that.

Lesson: This lesson is inspired by the Rescue a CEO Post “Tips to Create a Successful Franchise Business

0

Measure Seven Times and Cut Once

Puma had been taught at a young age that one of the most important things about business was to make certain before pulling the trigger. All her life she had heard the saying about measuring seven times and cutting once and it was a phrase she took to heart. While some business owners may have cut corners to save time, Puma always double and triple checked her work to make sure things were as they should be before the order or product was made. That way she never had to worry about the ‘what if’ of her mistakes.

Lesson: This lesson is inspired by the Rescue a CEO Post “Entrepreneurs Share Their Best Business Advice

0

Protect Your Reputation at All Costs

Mouse and a friend had their business running well over the last few months. A lot of people had been discussing with them what should be done in the future. One thing, Mouse had discovered, was that some customers would never be pleased no matter what. And some of them would even go so far as to spread mean things about a company. So Mouse decided that she would hire a consultant to make sure her brand was as sparkling as it currently was well into the future.

Lesson: This lesson is inspired by the Rescue a CEO Post “Entrepreneurs Share Their Best Business Advice

1

Have a Strong Strategy to Go By

Though Jaguar had made all the right choices in his business there was one thing he couldn’t control – the recession. While businesses around him were falling left and right, Jaguar was trying to both keep his business profitable and afloat during the rough times. Not wanting to let any of his workers go he decided he needed to sit down and make a few changes. He sold only his main products he started out with and made sure all his customers were taken extra good care of. The only way to make it through this was to have a good strategy and Jaguar was doing exactly that.

Lesson: This lesson is inspired by the Rescue a CEO Post “Top 3 Things To Do In A Recession

0

No Cost/Low Cost Online Job Boards

Just starting out in the world of business, Iguana didn’t have an entire staff dedicated to finding him employees. Now and then he would interview candidates in his office but it never seemed like any of them had the right qualities he was looking for. Knowing he needed to make a change he starting to view sites and post the exact job online on reputable sites. After that, the right employees came knocking at his door instead of just employees.

Lesson: This lesson is inspired by the Rescue a CEO Post “How to Successfully Recruit and Hire New Employees When You Don’t Have an H.R. Department