Recent Posts by EVELYN IVY

There are very few decisions we make in business that are truly important. These few decisions have the propensity to propel or crash us as entrepreneurs. One such decision is choosing to expand: If not done with care, business expansion can wipe us out. You could grow to your destruction if you choose to expand too quickly. For instance, your growth strategy might require you to expand your current office

Before venturing into buying a business you should have decided that entrepreneurship is the right path for you. If you are not sure, you will bail at the first sign of trouble. Buying a business is a great way to venture into entrepreneurship because it comes with an immediate income stream. However, if you do not know what to look for, you could end up losing your pants in the

An exit plan is simply a plan for the business owner to retire from the daily affairs of running a business. Every business should have a 5 year exit plan because a business owner never know which life events will shorten the time spent in the business. For example, a business owner could face an illness, divorce, extreme stress, etc. Besides, as a business owner, you never know when a good

We hear a lot about starting a business, seldom do people talk about venturing into entrepreneurship by buying a business. Buying an existing business is less risky than starting one from scratch. Most new businesses fail within the first five years. An existing business has a history which could serve as a springboard to your success. Some of the advantages of buying versus stating a business from scratch are: Existing

Competition holds entrepreneur accountable. If customers value the entrepreneurs ideas the business will be profitable, if not the entrepreneur will run his/ her business at a loss. The more value an entrepreneur creates, the more he or she is rewarded. Eventually, the entrepreneur will need to build a team to meet the demand of his or her market. How the team is created is highly dependent on the nature of