The Decision Matrix: Buying an Existing Business Vs Setting Up a New One

A consciously made decision to start or buy a business goes a long way in securing your position as a smart entrepreneur.

There are many ways to kick-start a brand new business. A decision that every entrepreneur faces at this point is – whether to start a new business venture from scratch or invest in an existing business and take off. The answer to this question is not easy, and one must analyse all the pros and cons to arrive at the right decision.

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Being Different in a Business for Competitive Advantage

“The one who follows the crowd will usually go no further than the crowd. Those who walk alone are likely to find themselves in places no one has ever been before.” -Albert Einstein

Entrepreneurs have a lot to worry about- from launching their products innovatively to exceed the expectations of their customers to maintaining their reputation in the industry. There are a lot of challenges that they have to face, but the real challenge is to be different from the rest. To earn a distinctive place among the competitors is something that is actively running in every business-owner’s mind.

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Over-worked Employees? How Can You Prevent Them from Quitting?

In a business, it is crucial to encourage your staff to perform their best and challenge them beyond their potential, but pushing anybody too far will cause them to wander by. Too often, you will find managers complaining about their best employees leaving them, but how many of those managers do actually realize that they were the ones who forced them to make that move. Employees don’t leave the jobs; they actually ditch those managers who tire them beyond their capacities. There is a fine line between motivating them and pushing them too far. How do you know when to stop and when they need an uplift? Yes, this can be handled, it just needs a different perspective and an effort on the manager’s part. Before your drive away your efficient employees to your competitors, here are a few tips to strike the right balance and to make your workplace a happy one.

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