Broke Tycoon
Buy, Learn , steal, and borrow: Effective business and marketing techniques for Entrepreneurs with lesser means or on a budget
Posts Tagged ‘Risk’
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
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
Dealing With Business Critics
In: Broke Tycoon| Business Tips| Entrepreneurship| Personal Development| Risk Taking
10 Feb 2010So you’ve been telling everyone about this genius idea you’ve got, obviously your mum, dad, and other family members tell you what you want to hear. But what about the others? The ones who genuinely think your idea is not that great after all and your missing a big piece of the puzzle, or the [...]
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- Tags: Critics, Envy, idea, Risk
3 Telltale Signs Your Business Is Doomed
3 Feb 2010Too many business owners wait till the very last stages of failure to launch a ”salvage the business plan”. The reality is at this point there is often very little to salvage, you become another victim to your imperturbable attitude towards your business. The initial signs of the path to ruin are always very vivid [...]
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- Tags: Business, Failure, Risk
5 Reasons you SHOULDN’T keep your job when starting up
In: Business Tips| Job| Risk Taking| Start Up
17 Dec 2009Hypocrisy feels weird, like Pam Anderson’s asymmetrical silicon filled twins. The reason I bring up hypocrisy is that my astute readers would have noticed the immense emphasis I’ve put on retaining that treacherous 9 to 5 while making the transition to be your own boss. But remember that famous Einstein saying that says: insanity is [...]
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- Tags: Business, Jobs, Risk, Start Up
Reality Check: 4 things you need to settle before you startup
In: Business Tips| Risk Taking| Start Up
12 Dec 2009Before jumping into the immensely unstable waters of starting a business, you should have a checklist; sort of like life preservers to keep you afloat in case your business happens to run head first into an iceberg. Here’s what mine looks like:
1) A basic business plan:
You can never go wrong when you go simple. Although [...]
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- Tags: Business, Risk, Start Up
The Hardships Of Entrepreneurial Life
3 Dec 2009It’s 2:00am on a Monday morning(well it was when I started this post) and I’m sitting at a Rutgers library posing as my girlfriend just to use one of the million iMacs they’ve got here. It’s amazing I don’t know how I managed to convince the library monitor or whatever you call these little bastards [...]
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- Tags: Entrepreneur, Risk, Sacrifice, Start Up
Taking The First Step
In: Business Tips| Risk Taking| Start Up
7 Nov 2009Alright, you’ve finally convinced yourself you can be the next Mark Zuckerberg, and you’re tired of lining the pockets of another man. Your idea has been meticulously generated and has the potential of draining down the competitors, like a sink in an industrial kitchen( you know,the drains with the blades in them). I’m glad you’ve [...]
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- Tags: Business, First Step, Risk, Start Up
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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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