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Canadian entrepreneurs can't rely on Silicon Valley 'lean startup' bible, author admits

Canadian entrepreneurs can't rely on Silicon Valley 'lean startup' bible, author admits | Women Growing a Business | Scoop.it
Communities and industry clusters need to start collecting their own data on what works and doesn't, and create their own custom 'playbooks' for winning in world markets, Steve Blank says
Susan Bagyura, High Performance Coach's insight:

Some good points are raised in this article starting with dispelling the misconception that if something works in one place, it will work everywhere.  The other big one is to focus on possibility, opportunity and abundance rather than going into lack and limitation when it comes to sharing of resources, experiences and general information.

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4 Things Entrepreneurs Should Think About That May Not Be in the Business Plan

4 Things Entrepreneurs Should Think About That May Not Be in the Business Plan | Women Growing a Business | Scoop.it
Two young women recount the lessons they learned from starting their social media-marketing agency.
Susan Bagyura, High Performance Coach's insight:

These are 4 great points; especially when it comes to networking and making people aware of you and your business.  It's very easy to get so tied up with the details of doing business and forget about making connections.  Commitment levels of employees is important, but it's also critical to get a good mix approaches.  If everyone has a gung-ho attitude, but doesn't check to make certain the t's are crossed and the i's are dotted, then another set of problems can occur. 

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What Not To Say to Investors When Pitching Them: 7 Phrases

What Not To Say to Investors When Pitching Them: 7 Phrases | Women Growing a Business | Scoop.it
Even with practice, it's easy to find yourself clamoring for the right words. Here's what not to say to investors when you're standing in front of them.
Susan Bagyura, High Performance Coach's insight:

Potential investors are typically very savvy and these are just 7 things  you'll definitely NOT want to say when pitching your business idea or expansion plans.  Some of these could be considered unethical if you used them when pitching to family or friends for funding.

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Science Has It: You Should Stop Doing These 10 Things To Be More Productive

Science Has It: You Should Stop Doing These 10 Things To Be More Productive | Women Growing a Business | Scoop.it
Want to be more productive? Science shows that you can stop doing these 10 things and boost productivity. Only on Lifehack.org.
Susan Bagyura, High Performance Coach's insight:

Great tips.  See if you catch yourself doing them and how frequently during the day.

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How a Former Denny's Waitress Amassed an Empire of Over 75 Denny's Locations

How a Former Denny's Waitress Amassed an Empire of Over 75 Denny's Locations | Women Growing a Business | Scoop.it
At age 16, Dawn Lafreeda began working at Denny's as a hostess. Three decades later, she's the largest single-owner franchisee in the system.
Susan Bagyura, High Performance Coach's insight:

I love inspiring stories like this one. So often people focus on why they can't do something instead of just deciding that's what they want and going after it. Dawn Lafreeda certainly is a great role model in that regard.

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10 Reasons Your Business Needs a Positioning Statement and How to Start Building Yours

10 Reasons Your Business Needs a Positioning Statement and How to Start Building Yours
Susan Bagyura, High Performance Coach's insight:

Whether it is in starting a business or growing a business, planning is essential to success. I like this article on positioning and identifying your target customer. Far too frequently when I speak to business owners, they don't know their fit in the market or their target market. This dooms them for failure. As we are living in a world that is continually changing, it's good to refine and adjust your plan. 

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3 start-up tips for aspiring small business owners | Small Business Blog | Hiscox

3 start-up tips for aspiring small business owners | Small Business Blog | Hiscox | Women Growing a Business | Scoop.it
Serial entrepreneur Adrienne Graham shares her journey of entrepreneurship and offers start-up tips for aspiring business owners.
Susan Bagyura, High Performance Coach's insight:

I always love learning from other people and it's great to find articles from other entrepreneurial women such as Adrienne Graham.  She lays a nice foundation in her article and gives 3 important tips.  And I'll just add another one.  

4) Start from where you are and get into action.  Don't wait for the perfect circumstances or for you, your company and your offering to be perfect.  That's just fear or gremlins stopping you in your tracks. That's where Adrienne #3 tip comes in.  Talk to others, get support and encourage to move forward.  

I had a mentor many years ago that always said this about mistakes, "At least you are falling in the right direction."  It's better to do something -- make a mistake -- than to do nothing at all. 

 

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7 classic startup mistakes — and how to overcome them

7 classic startup mistakes — and how to overcome them | Women Growing a Business | Scoop.it
Lucky are those entrepreneurs who get through the startup stage and live to tell about it. Luckier still are those who can learn from the mistakes of other founders
Susan Bagyura, High Performance Coach's insight:

Excellent tips!

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US Entrepreneurial Activity Drops for Second Straight Year

US Entrepreneurial Activity Drops for Second Straight Year
Susan Bagyura, High Performance Coach's insight:

It seems that many consider a person that starts a business to be an entrepreneur so that forms the basis for this article.  Personally I think entrepreneurship is a mindset which drives a completely different set of behaviors.  Putting that aside, it's interesting to note the 2nd year of decline in business start ups in the US.

 

One thing is certain starting a business and building it to a sustainable position is difficult and it's not for the one that's looking for a quick buck.  The more one prepares for this, the better their chances of success.  This must be followed by unwavering commitment, persistence, resilience and surrounding oneself with like-minded people. 

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30 Things to Stop Doing to Yourself | The Best Article Every Day

30 Things to Stop Doing to Yourself | The Best Article Every Day | Women Growing a Business | Scoop.it
Susan Bagyura, High Performance Coach's insight:

Frequently we may think that things are done or happen to us when actually there are things we are doing that cause those outcomes. Here's a great list of 30 things to stop doing.  Just picking the biggest one and making that change will have a significant impact for the good.

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5 Simple Tips to Achieve Your Goals

5 Simple Tips to Achieve Your Goals | Women Growing a Business | Scoop.it
Goal-setting – One of the most searched keyword ever. There are thousands of books and zillions of blog posts on this topic but a few has managed to hack it. Is there a strategy that works for all?
Susan Bagyura, High Performance Coach's insight:

These are some good basic tips.  Even though goal setting is written about so much, most people still know very little about how to set and achieve a goal.  They think they do, but when questioned about their process, very quickly it's obvious that they don't have a process. They are relying more on wishing and hoping -- giving them hit or miss results.  Sometimes they throw some effort at it, but if an obstacle comes up, they give up.  Some people think it's all about hard work. Don't me wrong, action is required, but if someone thinks they've got to work hard to get something -- they'll create always having to work hard.  Not exactly inspiring...

 

That's why I created Change Your Results NOW! because it's a simple,  easy-to-follow process that works like magic.  The program also shows people how to overcome the self-saboteur that lives within.  

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7 Sins of Newbie Entrepreneurs

7 Sins of Newbie Entrepreneurs | Women Growing a Business | Scoop.it
Following these sins could kill your business. Fortunately, there are simple solutions to fix these blunders.
Susan Bagyura, High Performance Coach's insight:

This article is a must read for anyone thinking about starting a business. I agree with all these points and add the following to the 2nd one "Using assumptions that are overly optimistic during planning".  It's critical to test your idea BEFORE starting a business around it.  Go through the sales process with whatever your idea is and see what happens.  Again as the author of this article says, test it on people other than family and friends.  Talk to other people that have a similar business or product and learn as much as you can from them.  Read whatever you can on other similar businesses and successful people in that industry.  Spend a lot of time digging  to understand the pluses and minuses of what it is that you want to do instead of making assumptions.

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27 Productive Things You Can Do in 5 Minutes

27 Productive Things You Can Do in 5 Minutes | Women Growing a Business | Scoop.it
Have five spare minutes before a meeting? Don't waste them—try one of these productive to-dos instead.
Susan Bagyura, High Performance Coach's insight:

We all have 'dead' time that seems beyond our control, but having a plan for how to use those odd minutes can suddenly bring a lot of value to having those seemingly unproductive times.  Some of my favorites are around balance and decluttering.  Order is the first rule of the Universe so use those opportunities to streamline leaving yourself open to receive something better.

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27 Money-Saving Tips From Successful Small Businesses

27 Money-Saving Tips From Successful Small Businesses | Women Growing a Business | Scoop.it
Sure, theoretical advice is nice, but when you're struggling to keep your business going, you want real help from people who've lived throug
Susan Bagyura, High Performance Coach's insight:

As a small business, saving money is critical for a variety of reasons.  These are some good tips and I encourage you to pick a couple that speak to your needs right now.  One caution with 

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50 Best Websites for Entrepreneurs

50 Best Websites for Entrepreneurs | Women Growing a Business | Scoop.it

For entrepreneurs, time is especially precious. Every wasted minute is a lost opportunity for networking, growing the business, and of course making money.


Via Justin Jones
Susan Bagyura, High Performance Coach's insight:

It's handy having all of these on one page.

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Martin (Marty) Smith's curator insight, September 18, 2014 6:18 PM

Some of these resources such as Quora I know, but most are new to me and worth investigation. 


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10 Reasons Why Our Customers Complain | Provide Support

10 Reasons Why Our Customers Complain | Provide Support | Women Growing a Business | Scoop.it
How often do your customers complain? Do you know why and can you use those complaints to improve your business? In this article we collected most common reasons for complaining which will help you to work out a proper strategy for complaints preventing.
Susan Bagyura, High Performance Coach's insight:

These 10 reasons certainly cover the main reasons customers complain.  If you are starting a business, take these into consideration so that you can set yourself apart from other companies in your industry.  It far harder and more costly to get a client than to keep a client.  Keeping the client means putting yourself in their place and servicing them as you want to be serviced.

 

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Five tips for building a startup sales team

Five tips for building a startup sales team | Women Growing a Business | Scoop.it
While I’d like to say we pulled this off effortlessly, we made a few rookie mistakes in the process and learned a lot. Here are five tips that should help you hire the right salespeople
Susan Bagyura, High Performance Coach's insight:

This article has really great points that can save a lot of time, effort and costs.  The first tip is spot on in that the founder(s) will need to determine if there's a market (don't even start if there isn't one) and how to reach that market.

I say to hire in pairs definitely for the comparison, but also you will be investing time and effort into training.  It's better to do it to 2 people at once in case one does fall.  If you hire only one and they don't work out, you have to start all over again.

I'm a firm believer in psychometric testing.  It's like having a window into the person. Some tools are better than others and when it comes to someone representing your company at this critical point, I recommend using the best tools to get the most information on the potential candidates. With the good tools, you'll know each person's weaknesses (we all have them), their skills and abilities so you can determine what you can live with and also where to develop the chosen candidates. I've worked directly with companies as well as recruiters in helping them select the best candidates and all of them remarked on how these tools were invaluable in the process.

Salespeople typically don't like doing reports; however, critical information must be available for tracking, planning, and improving purposes. It's best to have a great system that provides the management team the ability to get all the data they require and supports the salespeople so  they will use it.

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This Tool is Key to a Successful Business

This Tool is Key to a Successful Business | Women Growing a Business | Scoop.it
The SWOT analysis process explained for small business owners, from the brainstorming process, to using a SWOT matrix, to using the data uncovered in the process.
Susan Bagyura, High Performance Coach's insight:

SWOT analysis are a great tool to use in a variety of ways.  Certainly this should be done before starting a business to ferret out valuable information.  Further, it can be used on projects, new products and services as well as on the overall business position.

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6 Reasons Why I Won’t Add You On LinkedIn

6 Reasons Why I Won’t Add You On LinkedIn | Women Growing a Business | Scoop.it
I’m quite an active user on LinkedIn and find it very useful to connect with other leaders in my industry. It’s also a great place to get to know another person on a professional basis.Your LinkedIn
Susan Bagyura, High Performance Coach's insight:

Well said and I completely agree with Priya.  One other point that I will add, please don't send me that standard line that says "I'd like to add you to my professional network on LinkedIn."  At least take a little time to read my profile, see what we have in common or something that can be said based on what you've seen in my profile and then ask to speak to me or add me.  

 

I too don't like it when someone I don't know and I've never had any experience with their professional capabilities asks me to recommend them.  Further I delete people that connect with me and then immediately send me an email to hire them, give them money or support/sponsor them in some way as their first point of contact.

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Confessions of a Facebook Marketing Addict

Confessions of a Facebook Marketing Addict | Women Growing a Business | Scoop.it
Facebook does a bang-up job of getting marketers hooked on ‘likes’ and shares, but is any of it really productive?
Susan Bagyura, High Performance Coach's insight:

This is a good heads up.  So often if you engage with a marketing person, they will immediately start telling you to focus on your FB page and getting a lot of likes.  Whenever I spoke to people who have a lot of likes and ask them what that means in terms of revenue, I never got any clear answers.

 

I frequently receive emails promising me 500 likes for $60.

 

Personally I think marketing that is focused in the most direct way to your target market is the most effective.  It's better to sit down and speak to 7 people directly than it is to have a huge group of people that say they like your page, but they aren't interacting with you and your company.

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Are you paying enough attention to customer retention?

Are you paying enough attention to customer retention? | Women Growing a Business | Scoop.it

WhetOnline communication gives businesses the technology to segment their customers, increase revenue and save money by providing different incentives to different client groups. But how many businesses exploit these opportunities?

Susan Bagyura, High Performance Coach's insight:

Whether your business is online or off line, it crucial to know, value and offer incentives to your loyal customers.  You can do things like offering special discounts, free shipping, a special number separate from the general number and so much more.  Anything that makes your customer feel special and valued will increase your retention ratios.

 

It's more difficult and expensive to get a new customer rather than servicing existing customers.

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12 Gadgets We'd Love to See Re-Engineered

12 Gadgets We'd Love to See Re-Engineered | Women Growing a Business | Scoop.it
When it comes to bringing the extraordinary into homes, ideas are never in short supply. Even still, many devices we rely on seem stuck in the past.
Susan Bagyura, High Performance Coach's insight:

I like some of these ideas. Wherever there is dissatisfaction, there are opportunities for a product/service/business.   

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7 Things Remarkably Happy People Do Often

7 Things Remarkably Happy People Do Often | Women Growing a Business | Scoop.it
Happiness can be a choice -- especially when you take the right actions.
Susan Bagyura, High Performance Coach's insight:

The two most powerful statements we can made start with the words "I am" and "I choose".  Both statements are drawing events, experiences, circumstances and people into your life. I wholeheartedly agree that happiness is a choice.  When setting the intention to be happy in the moment, for a minute, for the morning, for the day -- however, it's set -- it's now easy to look at things in a self-serving way. Look for the happiness in everything and let go of the things/people that don't fit.

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"Warren Buffet Startup Tips" - A Haiku Deck by Martin Smith

"Warren Buffet Startup Tips" - A Haiku Deck by Martin Smith | Women Growing a Business | Scoop.it
Warren Buffet's tips for startups as Bill Gates says, "Stick 'em up".
Susan Bagyura, High Performance Coach's insight:

These are great (simple and to the point) tips from Warren Buffett that if followed would make a huge difference in a business and personal life!

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9 Simple Local Marketing Ideas for Your Small Business - Crazy About Startups - Entrepreneurship, Startups

9 Simple Local Marketing Ideas for Your Small Business - Crazy About Startups - Entrepreneurship, Startups | Women Growing a Business | Scoop.it
So often these days when we think about marketing our small business, we think about finding new customers on the internet. Facebook, Yelp, Google Ads...
Susan Bagyura, High Performance Coach's insight:

These are great tips!  Personally I've had a lot of success with hosting networking events and teaching classes.  Depending on your business, any one of these -- or a combination of them -- would have an immediate impact on your business.  Another idea is to make it bigger.  If you were to sponsor or put on a local event, find other complementary businesses to yours and team up.  This is also very effective in hosting networking events.

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