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Business Success: 12 Challenges of Being an Entrepreneur

Written by Greg Biernacki. Posted in Blog

stairsAs a follow-up to our recent article, “Business Success: 12 Benefits of Being an Entrepreneur,” we’re going to cover some of the challenges that come with being self-employed. After all, according to the United States Small Business Association, a third of small businesses fail within the first two years, and more than half fail within the first five years.

Not surprisingly, the challenges of entrepreneurship represent the flipside of the advantages we discussed in the previous article:

 Choosing your own schedule can result in wasted time without the proper time-management skills.

Business Success: What is a SWOT Analysis?

Written by Greg Biernacki. Posted in Blog

SWOT_analysisA SWOT analysis is a planning technique that can help you figure out the Strengths, Weaknesses, Opportunities, and Threats linked to a project or other business venture. You can even perform a SWOT analysis for yourself to help you better understand your own path to business success, or for a non-profit or charity organization.

Let’s start by defining Strengths, Weaknesses, Opportunities, and Threats:

Strengths are internal factors that help you or your company achieve business success. For example, a well-trained staff would be a strength for a company.

Weaknesses are internal factors that impede you or your company. Being chronically understaffed would be a weakness.

Opportunities are external factors that bring your or your company closer to business success. Strong growth in your industry would be an opportunity.

Ask an Elephant: What Are Limiting Beliefs?

Written by Greg Biernacki. Posted in Blog

Onelephant this blog and in our Crystal Clear Life Workshop, Seminar, and Webinar sessions, we often talk about limiting beliefs. But what exactly is a limiting belief?

Since overcoming limiting beliefs is important for personal development, let’s illustrate a limiting belief with a story. Have you heard of the traditional method for training circus elephants?

If you had a baby elephant, you could chain its leg to a stake in the ground, and it would be too small to escape. At first, it would pull hard against the chain, but it would gradually give up, accepting that the chain restricted its movement.


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