AngelBiz commented on the following stories on BizSugar
Congratulations! You Are a Wonderful Failure.
"Show me an entrepreneur who hasn't failed and I will show you who has done nothing in his life. Failure is an integral part of entrepreneurship success. Failure by itself is not bad, failing to learn from failure is bad. Here is my recommendation if you are going to fail - fail fast, fail small fail often. Make failure part of your company culture and you will eventually succeed."3 Ways how employee motivation gets destroyed!
"Bernd - I like the way you portray the issue. If the managers stop demotivating employes that itself can solve lot of problems. The three reasons you mentioned are right on the mark. I would also add one more - stop taking credit fr yourself for the work employees have done. A good manager gives all the credit to its employees and takes the blames for himself. I also think you still need motivating techniques along with stopping demotivating ones. The combination of the two will bring out the best in employees."How to Choose the Right Building for Your Business
"Location plays a critical role in determining whether your business will be successful or not. You have to balance the benefits you expect to receive from good location versus the cost of the building. In addition to customer traffic you have to consider the customer demographic too. You don't want to set up high-end retail store in the poor neighborhood. If possible, try to avoid getting in the long-term lease if you are not sure if the location will be successful for your business."5 Things to Consider Before Quitting Your Day Job
"I agree with you on #2. If you do not have sufficient savings that can keep you going for few months without any cash inflow it is advisable to keep your day job. It will be very challenging to handle two full-time jobs at the same time, but at least it will give you some cushion if things don't work out as planned. "Things That You Should Consider When Taking Out a Small Business Loan
"Great article. I would also add that you should look into alternate source of money when borrowing money. Business loan is not the only option available. Borrowing from friends and families is sometimes preferable than paying high interest rate on business loan. You can also explore crowd source funding that is becoming more and more popular. "5 Fundamental Principles of Good Business Planning
"Excellent tips on business planning. I like and fully agree with you quote - business plan is nine part execution and one part strategy. Too many entrepreneurs get hung up on coming up with great strategy without thinking about how they will make it work. Besides, strategy is dynamic by its nature, which leads to the another point you mentioned about planning thrives on change. Reminds me of a quote I heard - All business plans are useless, but planning is priceless."DumbingThings Down Versus Radical Simplification
"Excellent topic of discussion. I agree that we need to simplify things in this world that has become increasingly complex in terms of choices and technical details. However, any simplification comes at the risk of alienating those who like to tinker themselves. A great example is Apple vs. Google. Apple advocates simplifying gadgets and user interface to make it easy for an average Joe to use. However, those who are technically savvy and like to play and customize their own way will prefer Google. Which path you follow depends on what type of customers you want to attract."Don’t Let Business Opportunities Slip Through The Cracks
"Sian - Thanks for posting. great article. Small businesses were at a disadvantage against their larger competitors because of their inability to use CRM. However, now with the cloud based CRM applications from Salesforce.com and other startups the tide is turning in favor of small business. There should be no excuse to let the opportunities slip by."Subscribe
Can You "Fail-proof" Your Business?
"I have a bridge in Brooklyn for sale. Want to buy it? it's fail proof!! Whoever sells you fool proof business is only making his business fail proof. I particularly like it when you say that failing is not really a bad thing. In fact, it can be an excellent opportunity to learn and improve."