Hot Entrepreneurism Posts

The Secret to Stock Trading: Instant Messaging Swarms

Traders are in a frenzy of instant messaging all day long. The best ones, at least. A recent study says the best traders are the ones that IM the most and the least successful traders were the ones that IM the least. So, it seems like if you can find a way to jump on the bandwagon, you can beat the odds, too. But, what's their secret? Are they passing around insider information?

News: The Art of (Cute Chicks) Making Guns Sounds

Okay, so they're not that impressive. Perhaps the title of this post should have been "Potentially Amazing Idea for a Blog"...cuz Girls Making Gun Sounds is potentially a pretty damn good idea. But they need to up the talent. Maybe they should enlist this guy to give these chicks a lesson or two on the art of the motor mouth. Nevertheless, here they are—a couple of cute chicks making gun sounds (the rest of their videos were just too shameful to show... c'mon ladies).

How To: Patent an Idea (Creating and Selling Your Concepts)

Want to know how to patent an idea, but you just don't know how to go about doing it? It doesn't take a lot of money to get a provisional patent. The real thing you want to know is the process of taking an idea that you have all the way up to getting it patent. I will take you through each step from the beginning when you have that great idea all the way to getting your invention marketed.You Need an Idea (Obviously)Your idea doesn't have to be earth changing. It just needs to be something pe...

Brilliant Business Idea: Sell Cookies Like a Crack Dealer

Sometimes entrepreneurial inspiration comes from the oddest of places— such as, say, down-and-out crack dealer delivery methods. Inspired by HBO's The Wire, Kathleen and Clem of Fat Cookies are attracting a crowd with an atypical model for vending baked goods: oven fresh cookies are lowered via string in exchange for one hoisted dollar (1. pull a string, 2. attach a dollar, 3. get a cookie).

How To: Create professional looking business promotional video

In this video, we learn how to create professional looking business promotional video. To make your video more professional, you can first make your video shorter. The shorter the better, which will get your point across more quickly. Videos should be less than a minute and thirty seconds. If you're using a web cam, don't get too far away from it. If you're using a Flip camera, use a tripod and make sure the light source is coming from in front of you. Natural lighting is also nice. Make sure...

How To: Write a vision statement

In this video, we learn how to write a vision statement. A vision statement answers the question "where" and explains where the organization is headed. The characteristics include future casting. Which include where you will be, what you will create, and how you will move forward. It's clear and "visible" so you should be able to see yourself accomplishing the goal. The team should be able to see your vision too, go big! Be descriptive, by having a vision statement that is a single statement ...

How To: Recruit a great staff for your business

In this video, we learn how to recruit a great staff for your business. When hiring, you want to find someone that has great thinking ability and that you have really good chemistry with. You want to be able to get alone with the person and make sure they have experience. If they are the right person, work with them even if they don't have the experience in the field. Just make sure to keep a list of what your values are and what type of person you want to work for you. As soon as you do this...

How To: Write a values statement

In this tutorial, we learn how to write a values statement. First, you will need to think of five to seven values that are important. Make sure these are more than one word and are shared ideas by everyone. There shouldn't be more than seven values, so everyone can remember them. The point is that everyone has values, find something that everyone has in common and guides your behavior as an organization. It may be in your mission statement, but don't worry about it, think of separate statemen...

How To: Develop a competitive advantage

In this video, we learn how to develop a competitive advantage. A competitive advantage answers the question "what are you best at." You just need to better than your competitors at what you do in delivering value to your customers. Think about why your customers buy products from you. If you have the competitive advantage clearly identified, it will get you the customers that you want and keep the customers that you have. Put the competitive advantage together by thinking about the company n...

How To: Avoid common strategic planning pitfalls

In this tutorial, we learn how to avoid common strategic planning pitfalls. First, you will need to look at all the common pitfalls. You want to have ownership for the planning process. Everyone that is involved needs to have the tools to get the goals accomplished. Lack of communication is a big problem, so have everyone on the same page with how to talk and communicate what's going on. Decision making should be scattered with different managers and they should be guiding the rest of the sta...

How To: Conduct strategic planning retreats

In this video, we learn how to conduct strategic planning retreats. When planning these, you need to make sure you have your priorities planned for the next year. Make sure you choose the right time to go and there are no big changes happening during that time. Pick who is going to go by taking a survey around the company. After you get this figured out, you will need to figure out your agenda. Ask yourself to find out how you are going to get goals accomplished and where you want the company...

How To: Implement a business strategy

In this tutorial, we learn how to implement a business strategy. First, pick out someone that is going to be the strategy manager. After you pick this person, you need to make sure you and that person are communicating the plan. There can be e-mails, meetings, off-site plans, and much more. Don't forget to do this, you want everyone to be on the same page. Also, you need to make sure everyone is accountable for what they are supposed to be doing. You want to meet up with everyone regularly. A...

How To: Strategically buy stocks in a bear market

In this video we learn how to strategically buy stocks in a bear market. In the last bear market, we were able to buy high quality stocks for a great price. These are great times for value investors to purchase cheap stocks and see their share prices go up as the economy becomes better. You also want the company to rise and become more popular so you are getting more of a return after the stocks that you have bough in the first place. When you do this, you can reinvest after this and get a lo...

How To: Write a press release for local distribution

In this video, we learn how to write a press release for local distribution. First, you need to make sure you have a good headline. This will make people want to read what you have to say or toss it aside. After this, you will need to answer who, what, where, how, why, and what inside of the rest of the release. People want to know all of the details when they read something like this, so give the juicy details that are interesting and leave the boring stuff out. After you have done this, sub...

How To: Develop action plans for your business goals

In this tutorial, we learn how to develop action plans for your business goals with Erica Olsen. First, you want to establish what your goal is and when you can achieve this by. After you do this, you need to develop an action plan for how you can make this happen. Think about all the steps you need to do, then plan out the steps in which you can and will do it. Also, make sure you assign these responsibilities to those who work for you, and give them a deadline so you can have a date you nee...

How To: Manage demanding young employees

A whole new generation, the Millenials as they are somewhat awkwardly called, is entering the workplace and has as a group a different attitude then the previous generation. Many older managers have problems dealing with the younger generation, as they always have. This video offers tips for managers for dealing with Generation Y employees who may seem arrogant and entitled.

How To: Run a silent auction

Have you ever thought of holding a silent auction to raise money for an organization or charity? It's a great and easy way to raise a lot of money in a short time, making it one of the most effective fundraising methods. In this video, you'll learn how to hold and run a silent auction by yourself.

How To: Begin your own blog and make money online

Have you always dreamed about quitting your day job to pursue your true passion in writing about tips on how to bake your famous cupcake pops? Stop dreaming and start doing! Thanks to the prevalence of the internet, blog writing is more popular than ever, and successful bloggers actually make quite a hefty chunk of change doing what they love.

How To: Write an executive summary

An executive summary is one of the most important parts of your business career, because it's the first thing investors will look at. Placed at the beginning of a business plan, the executive summary is the hook that lures investors into wanting to learn more about your business. See how to write one in the best way possible.

How To: Write a great business vision statement

In this Business & Money video tutorial you will learn how to write a great business vision statement. Why is the vision statement important? Because, it provides the inspiration for daily operations and motivation for strategic decisions. Vision and missions statements are different. Vision statement answers the question where is my business going; whereas your mission statement states why your business does exist. Vision statements are future focused and written with the end result in mind....

How To: Use a memorandum of understanding

A memorandum of understanding, or letter of intent, is used as a document that shows an understanding between parties. Although it can be used as a sort of contract, it needs to meet certain standards and wording. This MoU, as it's also referred to, is used amongst businesses and governments agencies. So if you need to figure out how to use a memorandum of understanding, this tutorial will tell you more about it. Good luck, pay attention, and enjoy!

How To: Improve the performance of an underperforming employee

One of the trickiest parts of being a boss is handling an employee who isn't performing up to their potential. This video features tips from a business consultant on how to handle these situations, focusing on having a conversation with the employee about their performance, handling the situation calmly and effectively. Hopefully, if you follow these tips, then you won't have to take the unwelcome step of firing the employee.

How To: Utilize iPhone "freemium" strategies to profit

With the spread of smartphones and free online games, the "Freemium" model of product distribution and monetization has become prevalent over the last several years. At it's essence, it is handing out software products for free and then allowing customers to pay for in-software services using microtransactions. This video features some businessmen who do business in iPhone apps discussing how they use "Freemium" systems in their apps to make the most money possible while providing great servi...

How To: Approach innovation practically at work

Innovation is a lightning bolt that every company would like to bottle. Doing so in a corporate environment is nearly impossible. This video features a business expert outlining some tips for managing innovation and innovative ideas in your business, nurturing those ideas into profitable new services or products that your business can offer. It includes defining roles for different people involved in the innovation process and what steps to take in the innovation process.

How To: Deal with an attention hogging employee at work

Assigning rewards and punishments in a group-oriented workplace is a tricky business, as either one is very dangerous when misplaced. This video features an executive coach explaining how managers can deal with an employee who tries to take all of the credit for the work that their work does erroneously. It advises you to analyze why the employee feels like they have to take all the credit and also to create a system that does not reward such behavior.

How To: Provide great customer service to your customers

In a bad economic environment, providing a great customer service experience is even more important than normal. Word of that great experience will spread via Twitter and Youtube, helping your business attract buzz without requiring it to spend cash on marketing. This video features a business technology expert explaining how to create a "wow" experience for your customers and use the ability to do so to improve your business.

How To: Improve your company's customer service

If you own your own business, no matter how efficient it is, you probably field complaints from customers. Dealing with these complaints, and using the information therein to improve your company, can be stressful and challenging. This video features a business expert outlining some simple advice for ways that you can improve the efficiency of you customer support process.

How To: Define a business model and use it to improve business

Having cohesive vision for your business and sticking to it is one of the most important parts of growing a successful business. This video features small business owners describing how they were able to develop their businesses by having the vision to focus on profitable aspects of said businesses. This has allowed each of them to flourish as entrepreneurs.

How To: Understand financial statements to improve business

Do you own a small business, but find yourself unable to understand the intricacies of your financial statements? You are not alone. This video features a small business coach explaining some of the intricacies of financial statements. The tips provided here should help you better understand your financial statements and use the information gleaned therein to improve the profitability of your business.

How To: Make money on Twitter

This might sound like a bunch of baloney, but there are ways to make money using different social networking websites like Twitter and Facebook. Although you can't directly make money by tweeting something or commenting on a video, but there are ways to help attract attention to a song or video that can be purchased by people. So in this tutorial, you'll find out how to make money using some helpful tips, on Twitter. Enjoy!