Articles — Entrepreneurialism

Things to Do Before You Start A Business

Dr. Linda Hancock Business Entrepreneurialism

Things to Do Before You Start A Business

Often people quit their jobs and use all their assets to finance a business with the hope that it will be a success. If it fails, they find themselves ready for bankruptcy as they are without income or the means to carry on. Before you do this, there are three things that would likely help you to protect your finances and have a better chance of building your business into a strong enterprise: Know exactly what you have and need - Don't think about scraping by. Sit down with a piece of paper and write out all of the things...

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Old Patterns Can Hurt Your Business

Dr. Linda Hancock Business Entrepreneurialism

Old Patterns Can Hurt Your Business

When I was in high school, I took Home EC classes. Part of the curriculum focused on cooking and part on sewing. We were required to make samples, and everyone really hated this homework. Each sample began was a small piece of red Muslim that was cut into a four-inch by four-inch square. There were a number of sewing skills that had to be demonstrated on the squares. One might be a buttonhole. Another could be blind hemming. A third would be a pocket placket. When the samples were finished, they were glued into a scrapbook and submitted to the...

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Three Mistakes I Wish I Hadn't Made When Building My Business

Dr. Linda Hancock Business Entrepreneurialism

Three Mistakes I Wish I Hadn't Made When Building My Business

We all make mistakes and some of them can be costly - especially when building a business. But, like the old expression "live and learn", I have not only lived through them but also learned from them. Hiring individuals who I liked instead of people who could do the job - I admit that there was a time when I really didn't understand how to hire staff that would help me build the business. I would hire people who had good personalities or seemed to be compatible with me. So many times, I would be surprised to learn that they...

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Three Things That I Am Glad I Did to Build My Business

Dr. Linda Hancock Business Entrepreneurialism

Three Things That I Am Glad I Did to Build My Business

There are so many choices when it comes to building a business, you can invest your time and money into things that you "think" will build it or things that will actually build it. There are three things that I did which I believe have been very significant in taking me to the level of success that I now enjoy: Professional Development - I am a life-long learner. You certainly don't have to do what I did in taking four university degrees but I do believe that it is extremely important that you continually update your skills and knowledge so...

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Seven Things That You Should Know Every Day About Your Business

Dr. Linda Hancock Business Entrepreneurialism

Seven Things That You Should Know Every Day About Your Business

As busy solo professionals, we often leave the financial and administrative tasks to staff that we have hired. Unfortunately, the lack of knowledge about our own businesses can be something that prevents us from making positive changes or achieving the goals that we want. Following is a list of the things that you, as a business owner, need to know every single day in order to improve your practice: 1. Your bank account balance - Many physicians and professionals have cheques or cash in the drawer that they have never had time to deposit. Every day you need to ensure...

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Lack of Information - The Thing That Stops You from Building a Business

Dr. Linda Hancock Business Entrepreneurialism

Lack of Information - The Thing That Stops You from Building a Business

If a child told you "I don't know what to do" I am sure that you would have good advice to offer. Because we live in an information age there are so many resources that can be used to obtain the exact piece that we need to answer pretty well any question that we have. When it comes to starting or building a business, there isn't really any need to say that you lack information. The only problem is that perhaps you have knowledge but just don't know how to apply it. Imagine that there are a couple of children...

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Criticism from Others - The Thing That Stops You from Building a Business

Justin Walter Business Entrepreneurialism

Criticism from Others - The Thing That Stops You from Building a Business

Everyone has an opinion. But not everyone is qualified or experienced enough to have on that is based on fact or that even makes sense. All you have to do is listen to a political debate to know that there are so many perspectives it can almost be mind-boggling! When I was working as a Social Worker, I used to laughingly state "If you have ten Social Workers in a room, you will have eleven opinions - at least!" I'm not trying to pick on Social Workers. You can usually apply this to any group of individuals who are gathered...

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