Broke Tycoon
Buy, Learn , steal, and borrow: Effective business and marketing techniques for Entrepreneurs with lesser means or on a budget
Archive for March, 2010
Its a common problem and we’ve all seen it – business owners that are just ‘too busy’ all of the time, and as a result, do not enjoy the success in business they had hoped for. But often one of the major reasons driving success relates to how well (or poorly) the business owner manages themselves!
How Not To Run A Business: 10 Simple Tips
21 Mar 2010RULE #1 DON’T ASSUME WINNING AN AWARD MEANS PEOPLE KNOW WHO YOU ARE AND WHERE YOU ARE.
RULE #2 NEVER APPOINT YOURSELF CEO IF YOU HAVE NO EXPERIENCE IN THE INDUSTRY OR HAVE NO OTHER EMPLOYEES.
RULE #3 IF YOU LOOSE ALL POWERS OF COMMUNICATIONS UNDER PRESSURE , YOU SHOULDN’T BE IN CHARGE OF RUNNING A BUSINESS.
RULE [...]
Entrepreneurs often find themselves in high-stakes negotiations with big, savvy players, with significant negotiating power (referred to herein as “Big Boys”) – whether it be a venture capital firm in connection with a financing or a private equity firm in connection with the sale of the entrepreneur’s business; the situation can indeed be daunting. Below are ten tips for entrepreneurs to help them through this process.
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- Tags: Business Tips, Entrepreneur, negotiation, Risk
Starting a business from scratch is no easy task, the initial excitement often clouds ones judgment; and what you thought was a great idea suddenly becomes “what was I thinking” when the intoxicating effect of the deceiving adrenaline eventually wears off. Unfortunately I write this post with vast experience on this [...]
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- Tags: BrokeTycoon, Business, cost, Marketing, Mistakes, Start Up, Startup
5 Myths About Entrepreneurs
12 Mar 2010There’s been a blatant misconception on the features and characteristic of an entrepreneur by the mainstream media, of all the documented fallacies about our weary road to success; these are the most prominent.
1) Entrepreneurs are born not created:
Wrong Wrong Wrong Wrong… Entrepreneurs can be created, faced with a tough decisions and their backs to the [...]
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- Tags: Entrepreneur, Hard Work, Myths, Profit, Risk
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- Jimi Olaghere: Yea, all you need with your idea is a bit of hard work [...]
- Finley Mitchell: the best way to become a millionaire is to become an entrepreneur;"~ [...]
- Jimi Olaghere: Thanks Ernesto, it easy to forget the basics are what really works. [...]
- Ernesto: I like this. It's like a "let's get back to the basics" type of post. Yes, if someone labels you [...]
- Jimi Olaghere: Honestly just get the iPad, although it has it's shortcomings you would be pleased with it. [...]
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- Anti-Social Media Marketing
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