This document provides advice for creative entrepreneurs on starting and running a business. It discusses how to determine if you have the qualities needed to be an entrepreneur. It emphasizes the importance of having a clear purpose and vision for your business. It also outlines tips for staying innovative, managing finances, staying motivated, and the value of perseverance and patience. The author is an accountant who works with entrepreneurs and aims to help them feel confident in managing the financial aspects of their business.
This document promotes increasing business profits and reducing employee turnover through improving company culture. It claims most businesses fail to focus on retaining quality employees and increasing production, which are the only two things that truly matter. A story is presented about how one company revolutionized its culture by hiring a new CEO based on personality and skills rather than experience. The document argues for assessing company culture and turnover, and implementing strategies to attract and retain the right cultural fits through an open door policy, employee empowerment, and constant feedback. Applying these techniques could increase profits by 5-50% within 3 months by reducing turnover by 25-50%.
James Sinclair started out as a children's entertainer and now owns a multi million pound turnover business called Partyman. This presentation see's James highlight some of his golden rules with a book of the same name to follow
The document discusses PebbleStorm, an organization that helps people make money through doing work they enjoy. It provides guidance and support for creating "dream businesses" aligned with one's passions and talents. The approach involves reflecting on one's interests and skills, experimenting with small projects, attracting an audience, and eventually generating income through enjoyable work. Examples are given of individuals who have successfully developed profitable businesses in this way through a gradual process over time.
This document outlines nine principles of entrepreneurial success: decision, vision, focus, hard work, persistence, excellence, teamwork, cash management, and planning/time management. Each principle is defined and examples are given of successful entrepreneurs who embodied each principle, such as Walt Disney's clear vision that guided his company. The document aims to equip readers with the skills to overcome challenges and achieve success as an entrepreneur.
The document provides a list of 10 outdated leadership practices that business owners should stop and replace with more effective modern practices. Some outdated practices include micro-managing employees, pretending to have all the answers, and focusing solely on financial metrics. The recommended new practices emphasize empowering employees, admitting mistakes, prioritizing people over profits, and investing in personal development over technology. The overall message is that traditional command-and-control styles of leadership are fading in favor of more collaborative approaches that engage and empower employees.
Peter Jones provides advice for startups seeking venture capital (VC) funding. He emphasizes that founders should be brutally honest about whether their idea has the potential to become a huge global market. Successful VC-backed companies typically need to generate over $1 billion in exits. Founders also need extreme ambition and commitment to growing a large, wealth-creating business, not just a lifestyle company. Building a strong founding team with prior startup success improves the odds of raising funding. Warm introductions from trusted contacts are the best way to get the first meeting with a VC, who depends on their professional networks. Founders should qualify whether a particular VC is a good fit before wasting time pitching to them.
20 Mistakes that Kill Startups (According to Experts)Vitaliy Verbenko
No matter what anyone says, there is no secret recipe for success. Over half of startups out there can’t make it past their fifth year on the market. Why is that? Simply put, they make a number of mistakes which we’ll try to dissect in this post.
The document discusses the importance of prioritizing people over profit in business. It summarizes Dale Partridge's book on developing a strong company culture that values employees. The 7 key attitudes for boosting culture and performance are discussed: above-standard compensation, empathy, perks, motivation, and culture. Developing a people-first culture is emphasized as critical for customer loyalty and business success.
How to Be Self-Employed, Part One: Taking the Leap & Setting GoalsOwn It Network
Becoming successfully self-employed is no easy feat. Take advantage of the opportunity to tap into the power of the OWN IT community to help you successfully make the leap to self-employment.
Whether you want to hone your skills as an independent contractor, kick off freelance work, work from home or sell on Etsy, your fellow OWN IT members and their stories enable all of us to learn faster and realize success sooner with fewer mistakes along the way.
As an easy way to get started, we've put together a series to capture some of the most important stories and ideas throughout our community. Enjoy, and we can't wait to have you share your own story on the way to becoming a secret weapon in achieving everything you want to achieve.
You can find this section of the handbook in its entirety at the following link.
https://www.ownit.com/communities/ownit/posts/649795
Module 3 business planning with benefit of hindsightrestartplatform
This document provides information about business planning and experimentation. It discusses the importance of business planning, but also notes that experimentation may be a better approach in some cases. Business plans are important for setting goals and evaluating progress, but they do not guarantee success. The document outlines common myths about business planning, such as the idea that plans are only for startups or only needed for raising capital. It emphasizes that plans should be concise and focus on key questions like the problem being solved, target customers, competition, and financial projections. Overall, the document suggests that while planning is valuable, experimenting and getting early customer feedback may be lower risk approaches in some sectors compared to traditional business planning models.
1) A startup is a newly created company that is working to develop and validate a scalable business model. Startups differ from traditional small businesses in that they have high growth potential but also face high uncertainty.
2) The most important assets of a startup are its founding team and business model. The business model describes how the organization creates, delivers, and captures value for customers.
3) Examples of common business models include direct sales, freemium, subscription, and razorblade models. A successful entrepreneur focuses on delivering value to customers rather than technology and executes the business model through planning and pivoting when needed.
This document provides guidance on how to motivate employees in 3 key areas:
1) Understanding individual needs and priorities to align employees' goals with the business. This includes giving employees responsibility, freedom to choose goals, and acknowledging different motivations like recognition or new challenges.
2) Building trust and teamwork through open communication, praise for achievements, and treating employees as partners rather than using fear or blame.
3) Helping employees develop skills and providing support that matches their competence, from clear instruction to coaching to trusting independent work. The overall goal is engaging and retaining talented staff.
This document introduces the Creative Enterprise Toolkit, which is designed to help creative individuals develop business plans and start their own businesses. It provides a framework to explore ideas and create business models aligned with personal motivations. The Toolkit includes three handbooks that guide the user through defining the business opportunity, identifying customers and benefits, developing a business process, and creating a financial model. It employs worksheets and exercises to help model different aspects of the business. The goal is for users to answer key questions and have a clear understanding of how to successfully establish and operate their creative enterprise by the end of the process.
1. The document provides a 10-point checklist for setting up a successful mastermind group from scratch for home-based business owners. It addresses challenges of isolation and getting ideas bounced around.
2. Key steps include deciding goals for the group, listing what each member brings, prospective members, timeline, return on investment calculation, handling rejections, and allowing for exit clauses if the group is not working out.
3. The checklist emphasizes preparation, clarity on goals and commitments, accountability, and reviewing results to ensure the mastermind group is effective and worthwhile for all involved.
This document outlines a business planning workshop for real estate agents. It discusses the importance of creating a business plan and vision for the upcoming year. Key components that should be included in a business plan are reviewed such as mission statements, transaction goals, marketing plans, budgets, and professional development goals. Common mistakes to avoid when creating a business plan are also mentioned. The workshop agenda provides guidance on setting specific lead generation, social media, referral, and client contact goals. Tools for creating budgets and tracking expenses are recommended.
This document provides an overview and table of contents for a book titled "Seminar Secrets: A Complete Guide to Seminar Marketing & Selling". The book contains 82 chapters that provide tips and advice on how to successfully market and conduct seminars as a way to build a financial services business. The introduction emphasizes the importance of paying attention to every detail of the seminar process in order to be successful. It notes that while response rates have fallen from past years, seminar marketing can still be effective if done correctly with the client's best interests in mind.
DONT LET NO ONE SET YOUR GOALS
Don't Let Others Set The Goals For You
When you let others set your goals or modify them for you, this can have several damaging effects on your ability to achieve them.
First, it's now no longer your goal, and you have no sense of ownership or commitment to this new goal, as its now someone else's goal.
Second, people can look to make you more aggressive and look to set the goal to be bigger than you believe possible, and when you lack belief, this can cause you to quit at the first https://linktr.ee/komal25
Module 2 creative business models & emerging trends (final)caniceconsulting
At the end of this module you will be able to assess your own creative business model and understand how you can make it work for you. This module will explore several emerging business models which relate excellently to self employment in the creative sector.
Work at home_time_management and earn make moneyRaj Kumar
Introducing Work at Home Management. Inside this ebook, you will discover the topics about using your motivation, getting down to business motivation,be inspired,set goals,work your network,claim your reward,get your exercise,get organized listen keep momentum,interest is key,finding balance,setting goals,go where your energy takes you,repel the lazy bug,manage your time wisely.
Work at home time management | SECRET ALGORITHM To Make Perpetual Income Eve...Blogging Side
This document provides a summary of time management strategies for running a successful home business. It discusses the importance of motivation, setting goals, networking, self-care, organization, and learning from others. Specific tips include using your motivation to focus on interesting projects, setting both long and short-term goals in writing, connecting with a network of other business owners for support, rewarding yourself periodically for your hard work, making time for exercise, getting organized, and listening to motivational speakers and materials. The overall message is that effectively managing your time through these strategies can help you achieve success in your home business.
This document summarizes the bookkeeping and accounting services offered by Ruth Noel. She has over 10 years of experience in finance roles for the government and private sector. Ruth is a qualified bookkeeper and part-qualified accountant who offers bookkeeping, accounts preparation, and tax services. She uses modern software like Xero and Sage and works with small businesses and sole traders. Ruth aims to be a proactive partner who takes work off the plates of accountants so they can focus on growing their practice, and she is willing to refer clients in need of additional accounting services.
This document summarizes techniques for incorporating speaking practice into world language classes presented by Kristi Weisenburger and Laurel Schenkoske at the WAFLT conference. It discusses challenges of class size and providing feedback, and recommends using free or low-cost tools like Voki, Eyejot, and CLEAR to record student speaking practice, assign speaking homework, and provide feedback to help build student confidence and improve pronunciation.
Development of 3 d interfaces for mobile BIM applications by João Poças MartinsJoao Rio
This presentation by João Poças Martins talks about information technologies (IT) evolved in a fairly significant way over the last few years, having its impact also reached the AEC industry (Architecture, Engineering and Construction). The modeling programs of Building Information Modeling (BIM) are presented as the next step in the cooperation and collaboration between the various actors in the construction site and between several specialties. However, there are still barriers to be exceed to its complete adoption in work because, not only of its complexity, but also due to fact that its usage is in personal computers so, in a fixed workstations. There is a necessity of bringing these models to portable workstations through simple and easy inter-faces that can be generated in game engines.
The present dissertation conducted an empirical study with the goal of finding a workflow between BIM software and game engines that would preserve the greatest possible amount of information. Af-ter finding a workflow that presented good results, it was proceeded to deepen this process, by explor-ing some of the potential of the game engine which can be applied to the interface. After this, the in-terface was built through a webpage.
At last, it was made a practical application of this methodology in a real building, exploring how the reunion of BIM models with game engines can contribute in a positive way to situations that involve teaching and security in work.
The textile and clothing industry has evolved significantly over time, from a cottage industry to a globalized, industrialized sector. Zara is a highly successful Spanish clothing company that has disrupted the industry through rapid product innovation and flexibility in its supply chain. It develops over 10,000 new designs annually and can move a design from concept to stores in less than three weeks. This allows Zara to respond quickly to fashion trends. The company achieves flexibility through a network of small workshops that cut and assemble clothing based on pre-cut materials and instructions. Through wireless technology, Zara also gains real-time sales data to inform new designs.
Expansion of IFC Data Model to Kinematic Sensor at IJUP2012 by Bruno FerreiraJoao Rio
The instrumentation and structural health monitoring has gained a growing importance in the construction industry. However, the resulting data has not been properly handled. In order to correct this factor, is intended to integrate the data collected in information management systems such as BIM. The BIM is based on the idea of integrating all information related to a building or project in a single digital model. This information can be associated prior or during construction of the building or even during its lifetime. These tools have developed rapidly, increasing their chances of information management.
The purpose of this study is the information management from the instrumentation and structural health monitoring. As to achieve this goal, it was studied a standard construction model, with the use of a common language. This model is referred as IFC. In this work is performed an assessment of the applicability of the IFC model, as a format for information exchange between sensors and BIM. It was proposed the extension of the model based on kinematic sensors, since it only includes environmental sensors.
Based on the model above, and using BIM programs, there was a real case study concerning the building of the ―Nave do INEGI‖, using data from actual measurements. It was conducted a three-dimensional model of the building, studied the interoperability between various BIM tools and compatible properties were created within the IFC model capable of delivering the information recorded by the sensors.
Thus, it was studied the issue of the instrumentation and structural health monitoring framed on the BIM software on a scale closer to the real, where the adversities and the problems substantially differ from those presented theoretically. The results suggest that the management of information from the BIM with the data obtained by the sensors becomes achievable.
1. Dokumen ini membahas tentang amsal dalam Al-Quran.
2. Amsal adalah perumpamaan yang digunakan untuk menjelaskan makna secara lebih mudah dipahami.
3. Terdapat tiga jenis amsal dalam Al-Quran yaitu amsal yang jelas, tersembunyi, dan tidak menggunakan lafal perumpamaan secara langsung.
Numerical Modelling of the Dynamic Behaviour of a Soil in True Triaxial Tests...Joao Rio
The study of soil's small strain dynamic behaviour was the main goal of this dissertation, for the case of a residual soil from Porto granite, a geotechnical material that possess a complex mechanic behaviour. To that end, a detailed experimental research was developed, in true triaxial conditions, considering the measurement of seismic wave velocities through bender elements.
A three-dimensional numerical model was produced that characterized the behaviour of this particular residual soil using a finite difference program, FLAC3D. Its main advantages reside in its simplicity, versatility and the possibility of directly measuring seismic wave velocities, not only in the three principal directions, but also in inclined directions.
This study requires the implementation of bender elements in the platens of the true triaxial apparatus, in order to assess the influence of its cubical geometry and boundary conditions (rigid or flexible platens, or even reflective and absorbent), as well as the validation of stiffness parameters attained from the measurement of seismic waves.
For this purpose, a series of parametric and sensitivity studies were developed, considering the linear elastic constitutive model, with isotropic loading, in the previously mentioned software, to particularly evaluate the influence of each parameter in the numerical modelling of the true triaxial apparatus, and which values are better suited for its correct representation. These parameters are: time step, amplitude, frequency, damping, Poisson’s ratio and finally, boundary conditions and a cross-anisotropic constitutive model. With these studies completed, a comparison and validation between the numerical results attained and the laboratory results previously done by Ferreira (2009), regarding residual soil specimens from Porto granite was in order. Due to time limitations, only the dry specimens (w ≈ 0%), namely, R8D-TT and R4D-K0TT were used in this comparative study.
How to build a concrete reinforcement rebar area spreadsheetJoao Rio
This document describes how to build an interactive spreadsheet to calculate reinforcement bar (rebar) requirements for concrete structures. It includes sections on spreadsheet structure, formulas for calculating rebar areas, conditional formatting, and publishing. The spreadsheet contains separate worksheets to calculate requirements for local longitudinal rebars, distributed longitudinal rebars, and transverse stirrups. Conditional formatting is used to highlight cells based on whether values are below, at, or above a target value. The interactive spreadsheet can be published online for others to use.
The document provides guidance on developing the structure of a new business. It discusses:
1. Characteristics of a successful entrepreneur including guts, brains, and capital.
2. A step-by-step approach including deciding if you want to be an entrepreneur, choosing a business and location, and whether to start full-time or part-time.
3. Things to consider when selecting a business like not letting impatience or overconfidence influence your decision and being realistic about potential rewards.
This module will let individuals see the importance of branding your company, the challenges you will face in relation to growth, the expenses that you will be out that you may have perhaps not thought of and how to resolve problems relating to cost based pricing.
- You can be an entrepreneur for one idea or for a lifetime.
- Building your business block by block
- You as business owner, manager and leader
- Your customers: getting, keeping and growing them
- Financing your startup
- Launch your dream business
This document outlines 10 important questions entrepreneurs should ask themselves before opening a retail business. These questions address determining whether retail is the right fit, committing to the significant time demands, choosing an optimal location, developing a unique value proposition to attract customers, selecting products to sell, securing adequate funding, deciding on an online sales strategy, understanding legal responsibilities, seeking professional advice, and ensuring the business concept meets their own standards. Carefully considering these factors is vital to avoiding common pitfalls and successfully launching a retail venture.
Tips on how to turn your hobby into a business. For more information, check out the rest of the lesson: http://grasshopper.com/academy/creating-a-business-idea/brainstorming-company-culture/
Taking your small business to the next levelAdele Barlow
This document provides an overview of CapabilityNZ, a not-for-profit organization supported by NZTE and leading national organizations that helps build business capability. It thanks various contributors and outlines CapabilityNZ's mission, staffing, locations, and funding. The contents section introduces a book featuring stories from 14 New Zealand business heroes sharing lessons on growing a business with support from others.
This document provides tips on turning a hobby into a successful business. It discusses that the success depends on the founder and the market. The founder must be passionate about the hobby-turned-business and ensure it remains enjoyable. Testing the market is important to validate demand before fully committing. Common obstacles like lack of staffing and scaling up can be overcome by getting feedback, abandoning unprofitable aspects, thinking creatively, taking breaks, and planning ahead. The first steps are thorough research, adjusting based on results, and financially planning without quitting the current job.
This document provides guidance on successfully running a home business. It discusses setting up a professional home office, choosing a business that aligns with one's skills, maintaining a private work area, having good time management skills, using mentors, ongoing training, promotions, and managing stress. The overall message is that a home business requires organization, focus, and balancing work with rest in order to be profitable long-term.
This document provides 50 business tips from small business owners and experts on various topics such as starting a business, growing your customer base, and managing cash flow. The tips are grouped under relevant section headings.
The tips in the "How to Start Your Business" section focus on planning, persistence, partnering with others, and promoting your business from the beginning. Tips in the "Grow Your Customer Base" section include giving customers confidence to try your product or service, utilizing social media effectively, focusing web strategy, and nurturing existing customers. Tips in the "Manage Your Cash Flow" section focus on timely payment of invoices, engaging with creditors early if needed, and keeping on top of bank reconciliations.
This document provides 50 tips from interviews with top Australian entrepreneurs. Some of the key advice includes: plan for difficult times by saving cash as a buffer; focus on basics like returning calls and being on time to satisfy customers; and use tough economic times as an opportunity to improve operations and learn more about your business. The tips cover a wide range of topics from managing cashflow and suppliers to hiring the right people, building an online community, and reflecting on leadership practices.
The document provides 10 leadership practices that are outdated and should be stopped, along with new practices that should be adopted instead. The outdated practices include micro-managing, pretending to have all the answers, having a "no mistakes" policy, prioritizing financials over people, and only investing in technology. The new practices encourage empowerment, admitting mistakes, prioritizing people, wellness, and non-monetary rewards.
This presentation Teaches you how you can become a successful entrepreneur in the Global market however there lots of diversity in the business market which seems to be pretty much occupied.
This document promotes a program called the "Lifestyle Launch System" which claims to teach people how to start their own $100,000 business in 21 days by leveraging their passions. It promises to provide an easy 21-step action guide, personalized business models, and hours of coaching. The program teaches 7 principles for business success including building a lifestyle business, using the right business model, positioning as an expert, attracting qualified leads, accelerating conversions, building a team, and celebrating wins. It aims to help people generate immediate cash flow and build lasting financial freedom and wealth.
This document provides an 8 chapter summary of how to successfully run a home business. It discusses setting up a professional home office, choosing a business that aligns with your skills, maintaining a private work area, having good time management, using mentors, ongoing training, promotions, and managing stress. Each chapter provides 3-4 bullet points highlighting the key aspects of that topic to help ensure home business success such as creating a detailed schedule, allowing for breaks, and taking advantage of mentor resources and networks.
The 7 Habits of Successful People document outlines habits that lead to success. It discusses:
- Working smarter, not harder, and striving for accuracy before building momentum.
- Finding a niche by becoming an expert and improving existing products.
- Building a reputation on integrity, quality and value while constantly improving products.
- Listening to customer needs and planning for success with long-term goals.
- Being creative, adaptable, and promising more than expected to deliver exceptional results.
Dr. T.K. Jain provides a 10 point orientation program for future entrepreneurs. The points include: (1) choosing ideas that can quickly generate cash within 2-3 years; (2) ideas that have aspirational value; (3) ideas that are slightly ahead of current times; (4) understanding customers beyond just marketing; (5) evolving products needed in the future; (6) starting small; (7) creating assets only if needed for the long term; (8) being prepared to close the business; (9) hiring "intrapreneurs" and inspiring them; (10) sharing your success story to gain support and scale the business. The document encourages entrepreneurs to focus on ideas and customers
The Corporate Refugee Startup Guide Insights - USASBE PresentationDave Gee
The insights from these slides are intended to help first-time entrepreneurs, especially those leaving corporate, make an effective transition to the life of an entrepreneur. These are slides that were provided to a presentation to the United States Association for Small Business and Entrepreneurship.
These slides provide an overview of some of the insights from world-class VCs, angel investors, IP attorneys, researchers, entrepreneurs and more. The entire content is available in my book, The Corporate Refugee Startup Guide which is available on Amazon.
If you need guidance on your startup or want insights on how to launch an accelerator program contact Dave at: dave@startupguides.io.
Similar to What every creative entrepreneur should know short (20)
The Corporate Refugee Startup Guide Insights - USASBE Presentation
What every creative entrepreneur should know short
1. Innovative & Modern Accounting
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
2. Innovative & Modern Accounting
'Every Creative Entrepreneur Should Know’
I love business and I love working with creative and innovative individuals
So I have prepared this guide especially for my
clients who need some advice; whatever your field
from Music Producers, & Chocolatiers to IT
Consultants. The budding entrepreneur needs
encouragement as there is more to running a
business than understanding, or loving what you do.
This guide will help you with the following:
1. How do you know if you have what it takes
to start a business?
2. Know Your Purpose and Vision
3. Innovation: The Key To a Great Business
4. 3 Tips To Get To Grips With Finance
5. 5 Ways to Stay Motivated in Your Own
Business
6. Perseverance & Patience
2
‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
3. Innovative & Modern Accounting
How do you know if you have what it takes to start a business?
There's really no way to know for sure. But I do find things in common among the emotional
fabric of people ready to consider an entrepreneurial venture:
1) You come from a line of people who couldn't work 3) You've gone as far as you can go
for someone else.
People who are successful at establishing their own Sometimes the motivation to start a new venture
business tend to have had family who worked for comes from having reached the top of the pile
themselves. It's usually easier to get a job with a where you are, looking around, and saying,
company than to start your own business. "What's next?"
2) You're a lousy employee 4) You've done the market research already
Okay, maybe you're not that bad but think of it as If you have a great business idea you must put time
the marketplace telling you the only person who can into figuring out if there's a market for your
effectively motivate and manage you is yourself. product or service.
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
4. Innovative & Modern Accounting
5.You see more than one definition of "job security” 6. You've got the support of your family, friends or
a network of experienced individuals
How many people do you know who are able to stay Starting a business is stressful under the best of
with one company for that long? circumstances. Doing it with the support of
In a rapidly changing economy, job security can be your significant family members, friends or
frighteningly fleeting. professional guidance will make it more be
bearable.
7. You are going to need some professional help
You might excel at promoting a business. Or you may love developing and designing new products.
You could be someone who starts a business because you have unique creative or technical know-how to
create a product. It's unlikely that you are going to excel at all of the tasks required for running a
successful business or getting your idea off the ground.
The willingness to get that help — having employees, partners or consultants for those areas in
which you are not an expert — is one indicator of likely future success. The person who is most
capable of enlisting the support of others is the most likely to succeed.
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
5. Innovative & Modern Accounting
Know Your Purpose and Vision
Planning for how to make this year your best year ever? Take some time to really clarify your Purpose and Vision for your business. These are
two of the most necessary elements for pulling your business towards future success. Whether it's the beginning of a new year or we're half
way through, you want it to be your best year ever. You are no doubt doing some planning for how to make that happen. Clear purpose and
vision are often lacking in small businesses.
I'd like to recommend you take some time to really clarify your Purpose and Vision
Here are a few ideas to help you make this your best year ever: Here's an idea for creating your vision:
Can you tell me the following:
1. Think of the absolute greatest outcome that you can possible
• What do you really want out of life?
imagine that your best clients would really want from your
service.
• What do you really not want in your life?
2. Find your favourite way to relax quietly and examine your
• What would you be willing to give up in order living the values and principles and then determine what you want your
life you want? business to be in the future.
• Have you lost track of your purpose? 3. Imagine yourself in a private movie theatre watching a movie
of your future self in 10 years. What was your future self’s
• Do you remember what led you to start or get into achievements, purpose and vision?
your business in the first place?
Answer these questions honestly and build your business around the life you want. Talk about a purpose that would set you on fire, repeat this to yourself every day!
This may seem silly to you at first, but if you open your mind up to accept that the visioning process will work,
you'll be amazed at the answers that will emerge.
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
6. Innovative & Modern Accounting
Innovation: The Key to a Great Business
The most durable organisations are those that produce a succession of ideas and innovations that either improve on existing processes or
create wonderful new products. In a fast-moving world, where people expect things to get better and better, and cheaper and cheaper,
innovation is your route to getting ahead of your competition.
Here are 4 simple ways to harvest innovation:
1. Create An Innovative Climate → Goran Ekvall of Lund University in Sweden has defined three conditions needed for a climate of
innovation. They are: trust, dynamism, and humour. Quite simply, when people trust each other there is a high level of energy and a common
sense of humour.
2. Develop Washing-Up Creativity → For some, ideas come while mowing the lawn or taking the dog for a walk or playing golf or
waiting on a railway station. For Isaac Newton, it was an apple on the head while sitting in the garden. For Archimedes, it was in the bath. For
others it’s while doing the dishes; that’s why Roffey Park calls these flashes of insight: “washing-up creativity”.
3. Make New Connections → Morita, chairman of Sony, said that he invented the Walkman because he wanted to listen to music while
walking between shots on his golf course. His team simply put together two seemingly incompatible products: a tape recorder and a transistor
radio.
4. Find Out What People Need & Want → Necessity is a great spur to innovation.
Once a new innovation becomes accepted, the world has changed for ever and can never go back to the way it
was.
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
7. Innovative & Modern Accounting
3 Tips to Get To Grips with Finance
Time and again, it’s been proven that small businesses don't pay enough attention to cash flow. That's the measure of how much money you
really have in the business.
Knowing what's up with your cash flow is essential to your business. But sometimes the figures can be difficult to
understand. Don't ever be afraid to turn to professionals for some help.
1. Be Wary of Big Contracts 2. Cash-Flow
"Small entrepreneurs wind up taking big orders that get them in Judith Dacey, a certified public accountant, calls a cash-flow
trouble," says Ronald Lowy, who heads a college business statement "probably the most important thing in telling you if your
administration department. "They want the big contract, but they're business is on or off target.”
not getting enough money at the front end of it.”
3. Track the Big 10
If you've established a way to track cash flow, then you can go on to organise and track 10 financials for your business. That's a big list, but
don't panic: You can take advantage of software programs or ask an accountant to track many of the following:
• Your Assets • What's Your Debt-to-asset Ratio?
• Your Liabilities • What's the Value of Your Accounts Receivable?
• What does it Cost You to Produce What You Sell? • What's Happening With Your Inventory?
• What's it Costing You to Sell What You Sell? • What's Your Average Collection Time on Accounts Receivable?
• What's Your Gross Profit Margin? • What Are Your Accounts Payable?
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
8. Innovative & Modern Accounting
5 Ways to Stay Motivated in Your Own Business
Whether you have just decided to go into business and make the most of your natural talent or you've had a business for many years,
you'll need to stay motivated if you're going to see continual success. Here are five simple ways you can stay motivated in your
business:
1. Set Yourself Tasks E.g. To-Do List:
• Work on promotion steps
Create a daily, weekly and even monthly list of things to do in your business. This
• Important phone calls to make
sounds so simple, but yet a "to do" list is a powerful tool in helping you accomplish
• Stack of papers to organise
business tasks and give you focus.
• Update receipts
Prioritise your list each day so you can do those things that are most important first. Most successful business people create a
If you have tasks that you absolutely dread, then put those tasks at the very top of list and then check off items as they are
the list if possible. This will give you a free mind for the remainder of the day to completed. This gives a sense of
concentrate on the tasks you enjoy. accomplishment throughout the day as you
complete tasks.
2. Search for New Opportunities during Slow Business Times
Having a slow time in your industry? Don't despair. And, whatever you do, don't go apply for a job at the local fast food chain - just yet!
Perhaps you offer a product or service that sells very slowly during the spring months.
You could seek out related products or services that would be popular during those months to offset the other in profits. This will give
you a chance to make money and enjoy multiple streams of income year round!
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3. Take an Online Training Course
Educate yourself through online training courses related to your craft so you can learn how to maximize your skills and profits. There
are many training courses available online today in the fields of web design, graphic design, online marketing, real estate, travel, office
skills, medical, insurance, finance, etc. Alternatively you could subscribe to magazines and read articles related to your special area.
4. Expand Marketing Avenues
Don't settle for less. Use the wisdom and experience of others who have been in business a while to expand your marketing avenues.
You might consider reading after top marketers to get Internet marketing ideas. Also, there are many ways to promote your unique
business off-line.
You could be wrong if you feel like your product or service doesn’t need marketing – from Music Producers to IT Consultants to Lawyers
– everyone needs to showcase their skills!
5. Network with Others
Another way to stay motivated during a business slump is to network with others.
Find others in related fields who can offer advice and encouragement about your business.
A new business can be lonely at times because you rarely leave the house or office!
Check your local area for networking communities and business meet-ups or join networks specific to your craft.
There are also national networking websites and organisations you can join e.g: The Evening Standard http://www.es-bc.co.uk/home
Use these tips to stay motivated in your business. You deserve success, so don't give up!
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Perseverance & Patience
• Finally, in this world of instant
gratification, there is still a place for
one of the keys virtues known to
man, especially for the creative
entrepreneur: Patience.
• Patience is defined as bearing or
enduring pain, difficulty,
provocation, or annoyance with
calmness. It also means persevering
constantly. Why is that so important
for someone who is starting or is
operating their own business? Let
me explain by telling you my story.
• I found out the importance of patience through a blip I made several years ago. I decided that
because I love wearing dresses I would set up my own online fashion boutique. I invested in the
stock and was disappointed when no one else loved my dresses! But, instead of being patient, I
decided quickly that it wasn't for me and I moved on to another opportunity. Had I been patient
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to start with, there is no telling how far up in the business I would have been. Through the
years, I have learned the importance of patience in several areas.
• First, you need patience to get to know your new business. You may need to go through training
several times to get the idea of how things work. You need to get to know any products you
offer by studying them and giving them a try yourself. You need to understand the risks so there
will not be any surprises down the road. You need time to understand exactly how you are to
promote your business. You also need to keep an eye on your accounts and deadlines. Be
patient and you will gain the understanding you need.
• Next, you need patience in dealing with and getting to know your customers/affiliates. You will
find quality people that are like you. It may not happen overnight but it will happen. Just be
patient.
• In closing, let me say you need patience in the day to day running of your business. This may be
the area that patience is needed the most. The thrill of getting started begins to wear off. But
remember, anything worth having is worth working for. Make up your mind you are going to
stay positive.
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12. Innovative & Modern Accounting
If you found this e-book useful, please share this guide.
Wishing you success!
Where to find me
Website: www.noelbookkeeping.com
Facebook: http://www.facebook.com/NoelBookkeeping
Email: ruth@noelbookkeeping.com
Tel: 0844 665 1355
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About the Author
Growing up Ruth noticed that the people close to her were terrified of having to pay
taxes. And this is understandable. But this motivated her to help people with accounts
and finances; so that they no longer have to worry constantly about this area.
With her knowledge and methodical approach she makes sure everything is under
control. She believes being afraid of taxes and finances is just like being afraid of your
own growth.
In other words, you should not put a glass ceiling over your own head because you are
in fear. If you have this in your mind then you are effectively limiting your own success.
She works with entrepreneurs by sharing positivity and using bookkeeping
and accounting strategies that will bring out the best in innovative
businesses.
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com
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‘Every Creative Entrepreneur Should Know’ Ruth Noel-Samaroo www.noelbookkeeping.com