The NASCAR race, Brickyard 400, went through a very rough time with numerous competition yellows due to tire issues. Why did this happen? Somebody wasn’t prepared, that somebody was GoodYear. However, NASCAR tried to counteract the problem by keeping the drivers safe by waving the Yellow Flag. They also held a press conference a day later to assure the fans that this will not happen again. When your tires are wearing down will you be prepared with “Plan B?” (more…)

At the very beginning of your new business you had to create a business plan to show off to the bank or investors to prove that you could maintain an income stream that would pay the bills. The question is have you kept your information up to date since then? I guess the real question is did you even create a business plan to begin with? When I first began in business this was probably my biggest challenge, which was keeping things organized and putting my business plan together. To help you I have devised a 5 step plan to helping you get on your way.

First step, brainstorm and map out all of your thoughts by using mind mapping software. A software called Free Mind works very well, but there is also MindMapper which also works well. Mind Mapping will open up your eyes to more opportunities and will allow you to move your thoughts around very easily. You can even set alarms of when you want to work on a particular item. As time progresses you can continue to branch off of your mind map. (more…)

Utilizing these first steps are crucial for you to start a business and not wasting capital upfront. Having this information will help you learn who your customers are and how you can target them efficiently. Overlooking this step may not put an end to your business, but being aware of your market needs may open another door for you to make even more income.

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