Entrepreneurship Archives

4 Rules for a Decentralized Organizational Structure

The 3 Common Characteristics of a Good Business

Do you think your company would do well with a decentralized organizational structure? What conditions must your company meet for this structure to be successful? A decentralized organizational structure removes most rules and controls and gives employees the autonomy to act without approval. In the wrong hands, this system is risky and possibly costly. But, under the right conditions, this system can promote accountability and innovation. Here’s how to successfully decentralize power, using Netflix as an example.

Exceed Customer Expectations to Gain Loyalty

Does your business exceed customer expectations? Why isn’t it good enough to simply meet customer expectations? In their business fable Raving Fans, management experts Ken Blanchard and Sheldon Bowles say that, if you want to create “raving fans” of your business, you need to go beyond meeting expectations. It’s only when you exceed a customer’s expectations that they become loyal to your company. Here’s why you should aim to exceed rather than satisfy.

How to Create Loyal Customers in 5 Concrete Steps

How can you turn casual buyers into loyal customers? What does customer service have to do with loyalty? The book Raving Fans by Ken Blanchard and Sheldon Bowles is all about the importance of exceptional customer service when it comes to building a customer base. The business fable outlines the importance of going beyond what is “satisfactory” so customers will keep coming back. Here’s how to create loyal customers in five steps, according to Raving Fans.

Robert Kiyosaki’s ESBI Quadrant Explained

What does the ESBI quadrant represent? What does each letter stand for? Can you be in more than one income quadrant simultaneously? Robert Kiyosaki’s ESBI quadrant represents four ways of generating income: E (as an employee), S (as a self-employed or a small-business owner), B (as a big-business owner), and I (as an investor). The way you generate income defines your quadrant, not what you do to earn it. You can, and in many cases should, generate income in multiple categories. Keep reading to learn about the key characteristics of each quadrant.

The Importance of a Clean Working Environment

How can having a clean working environment help you feel more in control? What kinds of decorations should you put in your workspace? An organized workspace helps you feel in control and a messy space will often cause anxiety. According to author Rachel Hollis, cleaning your space and displaying images of your dream will motivate you to succeed. Here’s why you should take the time to clean your workspace.

There Are No New Ideas But Don’t Let It Hold You Back

Do you have an idea in mind but aren’t pursuing it because it’s already been realized? Is there even such a thing as a new idea? There are almost no new ideas—it’s a hard truth that Rachel Hollis shares in her book Girl, Stop Apologizing. However, you shouldn’t let that fact hold you back. Just because an idea has been realized, it doesn’t mean that it’s been realized your way. Here’s why it doesn’t matter if it’s already been done.

Girl, Stop Apologizing: Quotes by Rachel Hollis

What are some of the best Girl, Stop Apologizing quotes? What does Rachel Hollis have to say about chasing your dreams? Hollis’s advice in Girl, Stop Apologizing consists of excuses to let go of, behaviors to adopt, and skills to acquire. In addition, she provides a step-by-step blueprint to take your dream from fantasy to realization. Here are some of the best passages from the book with explanations.

“Not Having Enough Time” Is Not a Good Excuse

Do you have a goal in mind but you don’t pursue it because of “not having enough time”? How can you make more time in your schedule to focus on your goals? Between work, children, errands, friends, exercise, it seems like there is never enough time to work on yourself and your goals. The hard truth is: there will never be more than 24 hours in a day. However, there are methods you can use to find time to work on your goals. Here are Rachel Hollis’s tips for finding more time to focus on your future.

The 3 Habits of Successful Women to Adopt

What are the top three habits of successful women? How can adopting these habits help you become more successful in life? Author, motivational speaker, and businesswoman Rachel Hollis outlined the three habits you should adopt if you want to become successful in life. Those habits are: 1) lay a healthy foundation, 2) trust your inner voice, and 3) advocate for yourself. Learn more about each habit below.

The Top 4 Skills for Women and Girls

What skills should women develop if they want to stand out in the business world? Why is self-confidence one of the most important skills to practice? Girl boss, author, and motivational speaker Rachel Hollis says that there are four skills for women that will help them succeed: self-confidence, persistence, effectiveness, and positivity. She says that women should use these skills as tools to further their lives and careers. Continue reading to learn about the four skills.