This week’s top stories include small business advice covering the following four topics:
- Running Your Business In Just 3 Hours a Night
- Tips for Starting an E-Commerce Business That is Built to Sell
- How to Find the Right Idea for Your Side Hustle
- Doing These 3 Things Will Make You an Expert, According to a Google Mentor
Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.
Running Your Business In Just 3 Hours a Night
By: Kanika Tolver
Financial uncertainty has prompted many to start thinking about a Plan B to help supplement their existing income, while others have spent lockdown pondering whether the career they thought they wanted is right for their long-term future.
This, in turn, gets peoples wheels turning about creating a side hustle or starting up a passion project that is more aligned with how they envision their next steps. But how can one create a side hustle while working full-time? Perhaps you’re in a demanding corporate job and feel like it’s insurmountable to take on a something new, or you’re a mother looking after her children who can’t shake the niggling feeling that there’s something else you want for yourself.
I recently connected with Nikki Taylor, mother, founder and CEO of Italy Property Consulting, who’s been successfully running her business in just three hours a night while juggling her responsibilities as a parent. Here are her four biggest pieces of advice for building and managing your own empire on limited time.
Related Post: 6 Reasons Why You Need to Have a Side Hustle
Tips for Starting an E-Commerce Business That is Built to Sell
By: Travis Jamison
Entrepreneurs are driven by many different motivators. Some may create a new business because they feel an abstract impulse to bring a particular vision to life. Others enjoy the prospect of building a legacy for their family, generating a steady stream of passive income, or even building a multinational enterprise. While many entrepreneurs won’t necessarily consider a hard exit the main reason to start a business, building a company with the express intention of selling it is also a very feasible reason to get into the entrepreneurial game.
Fortunately, there’s a lot of overlap between building a successful business with the intention of selling it and building a successful business for any other reason. However, there are certain strategic and operational mechanisms you can put in place from the start to ensure maximum profitability and an expedited sales process.
Related Post: 4 Super Valuable Business ROI Lessons From Publishing
How to Find the Right Idea for Your Side Hustle
By: Kim Perrell
There’s nothing I’m more passionate about than helping entrepreneurs find success. I’ve worked with countless individuals interested in starting their own business or side hustle, and there’s one other BIG question I continually get – and I bet it’s not what you’d think it is. (At least, it isn’t what I thought it would be!)
The question that keeps emerging in one way or another is this:
“How do I find the right idea?”
So many ambitious, self-motivated, and intelligent people have a desire to start something new but they are convinced that in order to be successful, they need a big, impressive idea.
To find out that exactly is holding people back, I spent significant time researching this challenge. That’s when a pattern started to emerge.
Through my conversations with aspiring entrepreneurs, I identified three groups of people who are trying to figure out how to find the right idea.
Do any of these sound like you?
Related Post: What Is Your Entrepreneur Type and Why It Matters?
Doing These 3 Things Will Make You an Expert, According to a Google Mentor
By: Minda Zetlin
Do you think of yourself as an expert in your industry? You may be more of one than you realize. In an engaging TEDx Talk, marketing consultant, Google mentor, and psychology PhD David Mitroff picks apart the question of what it takes to be an expert at something and when you should start saying that you are — because if you don’t, no one else will.
Mitroff began thinking about this after he gave a talk and two old men came up to him and said, “You’re really funny. You should be a standup comic.”
He wasn’t so sure, but he looked up the definition of a standup comic, and read that it was someone who interacts with the audience and is dynamic and fun. “I do that,” he thought. So he decided to put “standup comic” in his LinkedIn profile. After all, he figured, people who eat ice cream and post about it call themselves food bloggers, so why not?
Mitroff is not suggesting that you should declare yourself an expert on fly-fishing, for instance, after one successful fishing trip. Instead, he says, if you want to become an expert at something, do these three things:
Related Post: Are You a Branded Authority or One of the Crowd?
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