SWOT Analysis
When your car starts to make funny noises and quits running well, what do you do? You either stop to do a check-up or you take it to a mechanic. But what about when your business is struggling and you’re not meeting your goals? That’s where SWOT analysis comes in. SWOT analysis is a method used to understand the strengths, opportunities, weaknesses, and threats of a company and provides both a high level and in depth look at internal and external factors; a sort of business “check-up.” Investopedia says: “The method of SWOT analysis is to take the information from an environmental...
Read MoreCrowdsourcing for Small Business- Maximizing Your Time
Crowdsourcing for Small Business Now that’s you’ve read through GQ’s e-book Accidentally Self Employed and met with him to set up the right business format, you’re on your way to small business success, right? Well, at least you’ve gotten over the first hurdle. According to the Small Business Administration only about half of all small businesses make it past the 5 year mark. Gary and the team here at GQ Law want your business to be one of those 50% who make it. We’re going to be posting a series of tips and tricks to help keep your small business in the...
Read More5 Things Every Entrepreneur Should Know
5 Things Every Entrepreneur Should Know Paul B. Brown, Forbes entrepreneurship columnist, gives 23 wonderful insights from 30+ years of experience. I’ll give you my 5 favorites. See the full article here. 1. The best way to predict the future is to create it. If you’re wondering if today, this month, this year, is going to be successful, you’re the one that makes it happen! 2. The most important decision you can make is where to spend your time. A common question asked of successful people is, “How do you balance your time?” A common answer is, “You...
Read MoreWorking with Gen Y, the Millennials
Tips for Working with Gen Y, the Millennials With each new graduating class, more and more millennials are entering the workforce. Although Gen Y, a.k.a. “millennials,” born between the early 1980s and 2000, are often viewed as lazy or entitled this new generation can be a great asset to your business. Read on to learn how to make working with Gen Y employees a strength for your business. Gen Y Strengths – Tech savvy, especially with social media- Strong multi-taskers – Hold high expectations of themselves and employers- Prefer to collaborate and work in teams- Seek...
Read MoreBefore Launching a new Business: Test the Waters
Its easy to get carried away when the light bulb goes on and a great business idea pans out in our minds. Experienced entrepreneurs warn: text the waters first. Here are some ideas of ways you can “test the waters” before diving in to a new business venture. Check the Waters Before getting in too deep, survey the scene. Are their already companies selling the same or a very similar product or service? How will your product/service be different and attract customers? Survey the Scene Talk to people: Hunter Walk, former YouTube executive suggests you ask people standing next to in...
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