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From Start Up to Real Company: The Five Key Essentials By Marcia Zidle

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From Start Up to Real Company: The Five Key Essentials By Marcia Zidle

You have an idea, you’ve shared it with a few of your friends you’ve written a business plan and then took the plunge not knowing how things would work out. To your surprise or not, they did! Now what? For most entrepreneurs the answer is:  Grow! Grow! Grow! But there are definite challenges.

My guest on this episode of the Business Edge is Zain Ali, Managing Partner at Sunbonn, and adjunct professor at the University of Texas at Dallas, He will explore three common choices that most entrepreneurs have in front of them. If it’s growth, he then shares his vast experience and methodology as a consultant to major companies as well as a successful entrepreneur and business owner.

Listen to the Podcast and Learn:

*The biggest mistake he made with the rapid expansion of his company
*How to build a management team that is aligned with the culture you are creating.
*The big dilemma: Keep or let go of people who are not the right people going forward.
*Why it’s important to clearly define the product s and/or services that you will take to market
*How to trickle down company goals and values to everyone: It’s communication and measurement.

The key take away: It’s OK to borrow money to advance your vision. In the Goldman’s Sach 10,000 Businesses Program he attended, there was an exercise that gave everyone a blank check of a specific amount to spend on their business. He gave his check back because his business was self-funded. What he realized was that to grow, you will need additional funding and that it’s OK to take on realistic debt.

The Goldman Sachs 10,000 Small Business Initiative Featured on The Business Edge by Marcia Zidle

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Business
The Goldman Sachs 10,000 Small Business Initiative Featured on The Business Edge by Marcia Zidle

Patti greene

Are you an entrepreneurial owner of a small company that’s poised for growth? Can you benefit from a market-based business education program? Would you like to know how to get more access to capital? If yes, then find out if you qualify for this program.

On this episode of The Business Edge, my guest is Patricia Greene, the academic director of the 10,000 Small Business Initiative sponsored by Goldman Sachs. Its aim is to boost job growth in the United States and one of the best ways to do that is to stimulate small business growth. The program is an 11 session management course designed by Babson College, a leader in entrepreneurship and business education.
Listen to this Podcast and Learn:
* How you can be part of the 10,000 Small Business Initiative
* Why being opportunity obsessed is so important for entrepreneurial success.
* What’s crucial in being entrepreneurial: Your aspirations, behaviors, and self-confidence.
. If there are differences between men and women in aspirations, behaviors and confidence levels
. Why advisory boards, networks and access to resources are so important for success: You don’t have to do it alone.

Key Take Away: Work On Your Pitch
Many entrepreneurs are so enamored with their product or service that they forget to focus on what investors want to know – how will you make money for them. What’s your business case? Once you figured that out, practice, practice and practice your compelling pitch.

On The Business Edge you will meet savvy, street smart entrepreneurs and business leaders who share their stories of success and even missteps as well as practical solutions to the unique challenges faced by growing companies.

From a One Woman Show to a Multi-Business Enterprise by Marcia Zidle

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Business
From a One Woman Show to a Multi-Business Enterprise by Marcia Zidle

How do you maximize operational efficiencies, hire the right people and make sure you are serving your customers well?  How do you avoid burning out as your grow your business? How do build a business that is here today and here tomorrow? The Answer Is: Systematize For Success. On this episode of The Business Edge my guest Johnette van Eeden, founder and CEO of Star Wellness has grown her business on the principle  “systematize for success!” As a serial entrepreneur, she advocates all key processes of every business, including hiring, training, sales, accounting, and operations, can and more importantly should be systematized.: Therefore, everyone knows where to go and what to do…they simply follow the system.  Key employees can leave for a few days without chaos.  New employees have a resource to turn to instead of having to ask someone how to do everything (or worse, just guess).  In fact, Johnette went on vacation for a month during the busiest time last year, and didn’t have to worry because she knew she had the systems and people in place to make it run smoothly.
Listen to this Podcast and Learn: How she grew from a one woman show to multiple locations to now having a franchise operations; the challenge of growing too quickly and how Michael Gerber’s E-Myth book put her on the track to success; her systematized hiring process and the tools she uses to get the right people in the right seats on the bus; how she became a master time manager as her company took off and added multiple product lines and advice from a serial entrepreneur on the success factors for building a sustainable business. The key take away: Set goals for where you want to be, formulate a plan to get there; take small steps each day in the right direction and you WILL eventually build momentum. Never give up! Tune in Every Friday at noon PST to The Business Edge with Marcia Zidle, The Smart Moves Coach, and hear street smart advice from my guests on how to create and grow great businesses that matter – those that do well and do good.

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