Entrepreneurship Archives

How to Develop & Use Key Performance Indicators (KPIs)

What are the best strategies for developing key performance indicators and using them effectively? In business development, what is the role of key performance indicators in optimizing your business model? Developing key performance indicators (also known as KPIs) is the starting point for monitoring the growth of your company. Using key performance indicators gives you a data-driven approach to keeping track of your company’s success. Learn about how to develop and use key performance indicators that are appropriate for your business.

Investing in Rental Properties for Beginners: 4 Steps

Are you new to rental property investing? What’s the easiest way to commit to an investment? For beginners, investing in rental properties can be a huge financial decision. Many rewards come with the investment, but there are also some risks that you’ll need to consider. Below is a step-by-step guide on investing in rental properties for beginners who have little to no experience.

12 Months to $1 Million: Book Overview (Ryan Moran)

Do you have a business idea that you think will make millions? How can you turn that idea into a reality? If building a million-dollar business in a single year sounds impossible, then entrepreneur Ryan Moran has news for you. In 12 Months to $1 Million, Moran writes that it’s not only possible but simple: All you need to do is to sell three to five products tailored to a specific audience. Read below for a brief 12 Months to $1 Million book overview.

How to Develop a Product Idea That Will Sell Out Fast

Are you ready to make your first product? How do you develop a product idea? The key to a successful business is selling a product that people want to buy. In 12 Months to $1 Million, Ryan Moran teaches you how to bring your product idea to life and sell it to a niche audience. Learn how to develop a product idea that’ll convince consumers they need it.

6 Tips for Customer-Centric Product Development

Why is customer-centric product development important for business? How can you implement a customer-centric strategy in your business plan? According to 12 Months to $1 Million by Ryan Moran, you must create a brand by having a coherent line of products that all serve the same customer. With this in mind, Moran suggests putting the customer first when creating your first product. Let’s dive into the details of customer-centric product development.

Don’t Sacrifice Your #1 Business Priority on the Altar of Growth

What’s the core work of your business? Have you let important matters get in the way of the single most critical matter? Paul Jarvis warns business leaders about the pitfalls of growth. While growth can be an important aspect of business success, the most important priority is too often sacrificed on its altar. Growth creates many complications that you can and should deal with, but you mustn’t let it chip away at the core. Read more to understand how growth can make it difficult for you to tend to your top business priority in the way you should.

Is Your Business Growing Too Fast? Avoid These 2 Pitfalls

Is your business growing too fast? Why are outside investments sometimes a bad idea? Should your expenditures be based on projections or actual revenue? Business growth is exciting and feels like success. But, there’s such a thing too much, too fast. In Company of One, Paul Jarvis identifies two negative consequences of fast growth that your company could experience: (1) damage to the relationships with your original customers and (2) outright failure. Keep reading to learn about the potential pitfalls of rapid business growth.

A New Product Launch Strategy to Boost Sales and Attraction

What’s the best way to launch a new product? How can you create engaging content that’ll draw in audiences? Your new product deserves an exciting campaign that increases sales. If don’t know the first thing about promoting your product, 12 Months to $1 Million by Ryan Moran has all the tips you need. Continue reading for an in-depth new product launch strategy to help you get started.

The Disadvantages of Business Growth: 3 Reasons to Be Wary

When is business growth your enemy and not your friend? What priorities are more important than growth? Fast and endless growth isn’t always the best goal for a business. That’s the view of Paul Jarvis, who argues against this common ethos found in the business world. He describes three disadvantages of business growth, especially rapid growth, in his book Company of One. Continue reading to learn why growth-focused companies don’t always succeed.

How to Maintain Inventory With Outside Funding

Why is inventory management important for small businesses? Where should you get funding to keep your business running? Once you’ve launched your product, you must maintain inventory and keep your product in stock. Running out of your product can be disastrous for your business: It prevents you from making revenue, destroys your sales momentum, and loses customer engagement. Let’s look at how to maintain inventory by receiving funding.