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Entrepreneur

Business

Struggling to manage your expenses in your new startup venture?

All entrepreneurs struggle with expenses and how to manage them after a few months of starting a new business. This is because expansion necessitates increased overhead, supplies, and payroll costs. As a result, it is critical to cut unnecessary business costs. Cutting costs isn’t easy; it usually requires entrepreneurship and innovation, creativity and experimenting with new ideas you might not have considered before....
Business

Niche market and how it helps in creating business ideas

What is a niche market? A niche market is a subset of a larger market which is more focused and targets a very specific consumer need by selling specialized products or services. Companies concentrate on specialized markets in order to better serve a specific customer than competitors who aim for a broad audience. Correctly identifying a niche market and its a...
Family Business

Challenges Faced By a Family Business

Family businesses have existed for hundreds of years and are seen across all industries. Just like any other company or business, a family business faces various challenges ranging from changes in the economy to competition in the market. However, a family business has its own set of challenges that are unique to the nature of the business structure. Let’s see what are the most commonly faced challenges in a family business....
Entrepreneur

How to Increase Productivity as a Budding Entrepreneur

Being an entrepreneur means working relentlessly to overcome obstacles and achieve your goal. There are no shortcuts and it often means finding yourself as an army of one, taking care of multiple responsibilities by yourself simultaneously. Being at the forefront most of the time, you are the decision-maker and very often find yourself in a stressful position.  In such situations, you can end up having moments of self-doubt...
Entrepreneur

How to Manage Stress Effectively as an Entrepreneur

Being an entrepreneur definitely has its perks but the journey isn’t easy. Entrepreneurs work long hours, sacrifice their weekends and undergo a lot of stress to achieve their goals. Even if you have planned out everything meticulously, there are times you experience stressful situations. Stress is not like any physical illness that is spotted and cured immediately. In fact, it is quite the opposite. It is important that eve...
Entrepreneur

Mistakes A Budding Entrepreneur Must Avoid

Starting a business takes a whole lot of courage and discipline. A major part of starting a business is having a plan and sticking to it. Success in a startup is not achieved overnight nor is it achieved by luck. It is achieved by following a proper process which sometimes may get boring but is the right way to go about it. Being an entrepreneur is no mean feat and requires a lot of gumption. However, sometimes during this process, entrepreneurs te...
Entrepreneur

Negotiation Skills: Key Dimension to Succeed as an Entrepreneur

In today’s world, the economy is deal- based and companies have realized the growing need to collaborate with each other. In the process of such collaborations, there are bound to be conflicts and disagreements of some sort due to varying needs wants opinions and beliefs of the parties involved. That is the time when an entrepreneur has to use his/her negotiation skills to successfully find a solution. Negotiation skills in entrepreneurship are a k...

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