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Starter Businesses

April 7th, 2009 » Comments (3)

In January 2007 I decided that the business to business magazine I’d started during 2006 wasn’t the right business idea for me to be pursuing. As I’d had some interest in the magazine from a potential buyer I didn’t want to just fold the business if it could be sold (or even given) to another […]

Starting A Business From Scratch

March 25th, 2009 » Comments (0)

The Apprentice returns to our screens tonight and no doubt as usual we’ll be seeing the candidates start a new business from scratch each week, so now seems like a good time to talk you through how I’d suggest you go about starting a business from scratch. Firstly do you really want to start from […]

When Buying A Failed Business

March 24th, 2009 » Comments (0)

When you buy a failed (or failing) business you’re not getting a ready made, working successful business. Instead you’re buying an opportunity, two opportunities in fact. The first is the opportunity to turn the failed business’s customers into your customers, the second is the opportunity to build a business out of the remains of the […]

Schumpeter’s Gales Of Creative Destruction

September 16th, 2008 » Comments (3)

The expression "creative destruction" derives from the Austrian economist Joseph Schumpeter’s book, Capitalism, Socialism and Democracy, published in 1942. He coined the phrase to describe the process of change that accompanies innovation. In the book Schumpeter commented that capitalism: …incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new […]

How To Write A Business Plan That You’ll Actually Use.

August 14th, 2008 » Comments (0)

Failing to plan is planning to fail. Alan Lakein Yet few startups have a business plan and those that do have generally only written it to raise funding. Having started several successful businesses and a few unsuccessful ones I can tell you from first hand experience that the time you invest in preparing a business […]

Setting DUMB Goals

May 22nd, 2008 » Comments (1)

If you’ve ever read about goal setting you are sure to have come across the idea of SMART goals. On the other hand you might not have heard of DUMB goals, depending on what you read DUMB goals are defined as: Doable, Understandable, Manageable & Beneficial. (Wikipedia) Decisive, Unique, Meaningful and Bold. (Jeff De Cagna) […]

Setting SMART Goals

May 21st, 2008 » Comments (4)

‘People with goals succeed because they know where they are going… It’s as simple as that’ Earl Nightingale. If you read any good book, website or blog about starting a business you’ll normally find that the section on developing a business plan talks about defining your exit strategy. It can seem odd to many, after […]

Government To Call On Entrepreneurs To Become Mentors

May 20th, 2008 » Comments (0)

Richard Tyler the Enterprise Editor of the Telegraph has recently written the post Government encourages entrepreneurs to become mentors saying that: Mentoring is the new tax break – at least according to the Government (which can’t really afford the latter any more). Alistair Darling is a big fan as we see below. He is calling […]

Be Brave, Be A Specialist

May 14th, 2008 » Comments (0)

Having recently been asked about any of my own business nightmares what Seth Godin writes in his post We specialize in everything strikes a cord: … if you can find the best in the world to do what you want, no matter what it is you want, does that change things? … When choice is […]

Rachel Elnaugh Naked?

May 6th, 2008 » Comments (4)

In a recent blog post “And so it begins… (again)” Rachel Elnaugh drew attention to a review of her new book “Business Nightmares” written by Jonathan Guthrie of the Financial Times saying: Basically he has used the book as an excuse to slag me off (yet again) for being that business failure who is now […]