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What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

(In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. This paralyzes most people.

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Business Plan Financial Forecasts Test Your Savvy

Startup Professionals Musings

Many entrepreneurs actually refuse to do financial projections beyond the first year, insisting that no one can predict the future. Using your data, here are the basic elements of the projection process, which are measurable by milestones, and can be tracked to show when a re-forecast is required: Start with sizing per-unit profitability.

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10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. Don’t rely on conservative forecasts to reduce risk. In reality, all risks are not the same.

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How to Handle Competition as a Startup

The Startup Magazine

Entrepreneurs need to define their market niche and craft effective competitive strategies to counteract competitive pressures. These systems apply complex algorithms to parse sales data, forecast demand trends, and manage stock levels efficiently. Facing competition is a major hurdle for startups.

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The Next Entrepreneurs And Startups

YoungUpstarts

The most successful entrepreneurs have always used the realities of the environment around them as a basis for exploring opportunities and developing new ideas that actually provide value for people and are structured to create profit. Everyone is attempting to analyze the long-term effects of the current changes on human behavior.

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6 Keys To Positioning Your Disruptive Solution Today

Startup Professionals Musings

Every entrepreneur with a new technology tells me that his innovation will be industry-disrupting, meaning that it will render the existing technology obsolete, and create a new market. I suspect that several of these will surprise most entrepreneurs as being counter-intuitive to their thinking.

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Eight Accounting Tips For The Aspiring Entrepreneur

YoungUpstarts

Behind every successful entrepreneur is an excellent accountant – a natural number cruncher carrying a passion for payroll. As such, as an aspiring entrepreneur you’re probably struggling to afford one, their yearly or monthly fees impacting significantly on your cash flow. By Mark James, Crunch.