Tagged With entrepreneur

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One of the biggest roadblocks holding us all back from that awesome business idea is the belief that we don't have enough money. Enough money to kickstart the project, enough money to keep it going and enough money in profits to make it worthwhile. We asked an expert about how to overcome the financial pitfalls that often face budding entrepreneurs.

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I have met many brilliant and entrepreneurial people in my life who have had grand ideas for a businesses. They enthusiastically give me details about their ideas and some actually go through with them. I can see they're determined to succeed and yet I've seen many of them fail. It's often the ones who don't know much about the ins and outs of running a business that stumble. Here's why.

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Phone calls can be a drag at work. I can't tell you how many time I've received a phone call and requested the caller to send me an email instead. Cutting down on phone calls and limiting communication mainly to emails can save you a lot of time and it's more efficient.

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The mere mention of "start-ups" conjures images of successful businesses like Uber and Atlassian; companies where their founders turned simple ideas into multimillion dollar ventures. We're overwhelmed by coverage of start-ups that do make it big, which has encouraged more people to join the fray and create their own businesses. But the reality is most of them won't make it big and playing in the start-up game is like entering the lottery; a very expensive lottery. So how do you know when you should bow out? We put this question to a group of start-ups and a venture capitalist.

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We are seeing a growing trend of people starting their own business. Everywhere you look now, there are aspiring entrepreneurs sitting in cafes plugging away at their idea, a new Kickstarter campaign being launched or a new pop-up that aspires to become a thriving business. Is it just that these businesses are more visible or society has become more attuned to noticing entrepreneurs?

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Hey Lifehacker, I would like to start baking from home and selling to people (probably at markets and/or on a made-to-order type basis). What regulations should I be worried about? Obviously restaurants and bakeries have strict health codes that they have to follow, but do those apply in my work-from-home case? Am I just overthinking about the situation and should just get stuck into baking delicious treats?