5 Entrepreneurial Traits

As I meet and work with more and more successful entrepreneurs here are 5 of the traits I see they have in common:

• Find a business you are passionate about and then it will become a part of you.  A strong entrepreneur is always thinking of business.  It won’t feel like work when you love what you do and you are a part of the whole.

• Keep a list of business ideas.  Never discount them as being irrelevant and always continue reading »

Entrepreneur Opens the Walmart of Weed

Some might say it goes to figure that someone from California would think about opening a store type warehouse for medical marijuana cultivation.  I think regardless of location, this entrepreneur saw a need and is filling it.  There are numerous people who rely on this for medicinal purposes, and it can get expensive, just like any treatment can. Read the full article here.

At the opening last week the line was a block long to get into the warehouse, and you can only purchase the equipment if you have a cannabis card.  They sell everything – all the necessary equipment for indoor, hydroponic cultivation – from nutrients, pumps, and tubing to lights.

There are various displays set up, and you can even pay for a technician to come to your home to set the system up, and maintain it weekly.  The new Geek Squad!

The owner is considering how to franchise his idea …..  what are your thoughts about it?

Until next time,  J.
“Take control of your destiny or someone else will”

It’s All In The Mind

We’ve spoken in the past about how focus and determination are important if you are to succeed. This comes all the more into play when talking of a home based business. Setting up and running a company or operations out of your home office can be extremely trying if you have friends and family members always determined to stop by. The first thing most successful home based business owners will do is to set up a time and zone or space in which they work. This then is their ‘office’ and is treated as you would any 9-5 job in a company. It means no personal calls, no friends stopping by uninvited and no long and leisurely coffee breaks taken as and when deemed necessary.

However, while setting up an ‘office space’ is important, even more important is switching to an entrepreneurial  mindset. This is about adjusting the way you think, act and believe to reflect a business ownership. In order to do this, you will need to do the following:

1. Ignore all the nay-sayers: These are the people who say you cannot do something. A surprisingly large amount of negativity comes from continue reading »

Top 3 Things to Look For In An Online Business

Google- online businesses and you’ll find literally hundreds to select from. While some of these are legitimate businesses, you will also find a lot of questionable ventures in the mix. If you have an idea in mind for an online business , getting it off the ground is fairly easy .  However, if you are looking to invest in an existing online business system, then there are certain things you should be aware of.

Before purchasing a business, investigate it thoroughly. Your seller should be able to provide you with due diligence reports; including revenue sources, as well as affiliate and partnership alliances.  In addition, be sure to check if your purchase will get you the following:

Value for investment : Most online businesses will require an investment, whether you are setting it up from scratch or buying into it. What is this investment worth in terms of value for money? Will you get back the amount you invest in a few months? In a year? Two years? In addition to monetary investment, you will also need to look at continue reading »