4 Common Mistakes Entrepreneurs Make and How to Avoid Them | Extraordinary Business


faux pas made by your peers, it’s entirely possible for you and your business to emerge from the five-years of hard work with positive financial prospects. To discover the major mistakes that many entrepreneurs make – and how you can avoid them – keep reading!

Read more

How Small Business Owners Are Leading the Country in Innovation | Extraordinary Business

Recommended Reading: How Small Business Owners Are Leading the Country in Innovation If you have been in business for a while, you and your staff probably have had some great ideas about how to improve your business. The interesting thing is, you are not alone. As a matter of fact, according to Patricia Greene, Professor of Entrepreneurship, Babson College in her article, “How Small Business Owners Are Leading the Country in Innovation,” as the title indicates, small business owners lead innovation – not just in product and service development, but also in their processes, markets they pursue and serve, sources of supply and changes in their business models.

Read more

Infographics | Failing Gracefully: The Secret to Startup Success

This is a great infographic posted on www.onlinemba.com that was forwarded to me.  While we talk a great deal about the 1 in 10 businesses that achieves success, the graphic provides some additional insight into this, and the eventual outcome of failing a few times.

I’d love to hear your thoughts on this – does this relate to your experiences?  If your company failed, would you start the process over again with another company?

Read more

Go Big! I Didn’t Sign up for This!! | Extraordinary Business

Figuring out how to plan and budget for small business growth.

imageAs a business consultant, I have worked with many business owners who came to me and said that they wanted to grow their businesses.  They are thinking about having a business that is larger, sometimes with employees or strategic partnerships and serve more, larger more sophisticated clients.

Sounds awesome, right?

Well, it depends on the business owner.  Growing a business often means that the business is going to be more sophisticated.  There is typically more money involved, more people, more customers with increasingly diverse needs and wants.  As a result, this more sophisticated business requires more management, will be exposed to more oversight and will gain more attention in the marketplace, for both its successes and failures.

Read more