What is an Entrepreneur?

July 8, 2011 § 1 Comment

Here is a wonderful video that explains the characteristics that other entrepreneurs see in a typical entrepreneur.



Your First Hire

June 20, 2011 § Leave a comment

So, you’ve started your business, you’ve been growing it, you’ve gotten those first calls and little by little, clients and work have started to mount. Now you’re thinking of hiring that first employee. This can be a scary time, since only a short time ago you were probably barely breaking even. Here is a good proposal on how you can plan accordingly if the next step really is bringing in your first hire.

From CNN Money:

Although there is more than one option for small business owners, bringing an employee on board is many employer’s preference. First it’s recommended that you project what you’ll be doing in the next month, three months and six months, based on the business that’s coming in already.

Next assess which jobs – things you are doing now – it would make sense to hire for: accounting, administration, estimating, storage and warehousing are just a few of the jobs you may want to give away so you can concentrate on what you do best.

You also have to figure out how to afford a payroll. “Then work out how much time you are putting into other tasks, ” and calculate what you can put into new business generation if you are freed up.

Another alternative to making a full-time hire is to bring in contract workers on a project basis – you’ll need to know when the workload demands it. Or, as Jo Prabhu founder of Long Beach, Calif. staffing firm International Service Group suggests, you can hire someone on an hourly basis as part of a “contract to hire.” That way you can assess his or her skills and whether you’re ready to hire someone full-time.

“Make it clear to the potential employee, so that they know how long they have to prove themselves,” Prabhu says, recommending three to six months as a good trial period. “Then you can set a date when you will sit down with them to determine whether or not you want to hire them.”

Hope you’ll leave me your questions and comments on this post!

NAFTA Conference Highlights Upcoming Business Opportunities

June 7, 2011 § Leave a comment

There’s a NAFTA Conference in Texas coming up this June 16 and 17, 2011.  If you want to explore the option of opening a business or conducting business in Mexico, the NAFTA Institute/”Supplier, Meet the Buyer” Conference is a great way to familiarize yourself with the arena. Not ready to strike up any deals yet? You can also attend conferences that can teach you how to deal with Mexican and even Canadian companies. Read comments from the executive director of the International Business Accelerator in Santa Teresa, Jerry Pacheco, about the opportunities this conference presents its participants.

Cost is $99, which includes meals, materials and entry to all sessions. Detailed information on the conference agenda may be found at nafta-institute.com.

Entrepreneur Magazine: Small Business Loans Making Comeback

June 3, 2011 § Leave a comment

Direct from Entrepreneur Magazine: In the first quarter of 2011, the number of small-business loan requests that won approval from small and large banks rose to 1,294, up more than 50 percent from the 852 requests landing approval in first quarter of 2010, according to the New York-based small-business lending and credit service Biz2Credit. The company defines small businesses as those with fewer than 500 employees and $6 million in revenue.

Doing Business in Mexico: 2011 World Bank Publication

June 2, 2011 § Leave a comment

Whether you’re seriously thinking about opening up shop in Mexico or just want to consider it, here’s the Doing Business 2011, Making a Difference for Entrepreneurs – Mexico  publication.

It’s a copublication of The World Bank and the International Finance Corporation and it has tons of useful information for entrepreneurs looking to start a business in Mexico. It serves the purpose of investigating regulations that enhance business activity and those that constrain it. In it you’ll find that a set of regulations affecting 9 stages of a business’s life are measured: starting a business, dealing with construction permits, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

An Inside Look at Mark Zuckerburg’s Personalized Stationery

June 1, 2011 § Leave a comment

If you’re ever caught in the position of having to respond to thousands of business letters, here’s an inside look at Facebook Founder and CEO Mark Zuckerburg’s personalized stationery. In-house designer, Ben Barry, created a set of stationery for the social media pioneer so he could respond to mail the old-fashioned way.

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