The pros and cons of founding with friends

Starting a new business with a friend may seem the natural thing to do, especially when you both share the same passion. A great friendship may not always make for a great business partnership however and, especially if you're taking your first steps in entrepreneurship, it's one of the risks you need to weigh up carefully before taking the plunge. Founding with friends has high stakes, as both the friendship and the business can suffer permanent damage, yet "some early planning can prevent prob...
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Before you hire your friends, do these 3 things

While your friends may seem the best candidates to help build your startup, there are potential pitfalls you need to be aware of. When it comes to hiring, as a first-time founder you're most likely to look to people you already know and trust; people you're comfortable with. And hiring your friends can work out very well. "More often than not, though, hiring friends brings some problems and difficult moments," writes Alisa Cohn. To help you mitigate the risks, Cohn shares her top ...
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How to create a great logo for your small business

Your logo doesn't just tell people the name of your company; it's the visual cornerstone of your brand identity. A well-designed logo provides a recognizable, distinctive and memorable symbol that conveys essential information about your brand. It tells your customers who you are, what type of product or service you sell, or what benefit you offer consumers. Since your logo is such an important aspect of your brand identity, you need to take your time over creating the design. Here, Kimberly de ...
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Seven steps to successful project planning

A successful project requires effective management and the first thing to do when undertaking any project is to create a plan with clearly defined goals. Planning allows you to determine what will be delivered, how much it will cost, when it will be delivered, how it will be delivered and who will carry it out. Investing time and effort in documenting your project plan from the outset, and using it as a roadmap to keep you and your team on track, will save you a lot of time and expense in t...
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These are the specific conversations you need to have with your boss every month of the year

Employees often consider workplace meetings to be time-consuming, poorly run, ineffective, and something to be avoided whenever possible. The one meeting you shouldn't shy away from however is the regular one-on-one meeting with your manager. Done well, these meetings not only strengthen your working relationship they also give you an opportunity for feedback and coaching to help you meet your professional goals. Although the responsibility for these meetings rests mostly wit...
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How to find fulfilling work: 6 practical lessons

Our perception and expectations of work are changing, as we increasingly want to find fulfilment and meaning in our career. Fulfilling work can improve our wellbeing as well as giving us a sense of purpose. And yet while many of us dream of pursuing our passions, it's not always easy to turn the dream into reality. For those of you who are unhappy in your jobs and wondering how to find a more meaningful career, Roman Krznaric shares here six "pieces of essential wisdom drawn from some of the bes...
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12 ways to overcome small business failure and thrive in hard times

In any business, failure is always a possibility. As an entrepreneur, it's inevitable. Starting and running a successful business isn't easy and dealing with rejection and failure is an integral part of the entrepreneurial journey. To pre-empt some of the challenges that might threaten the business, you need to be aware of the potential pitfalls and learn from the experience of other so you can avoid making the same mistakes they made. With this in mind, Ayodeji Onibalusi shares his top tips for...
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What millennial women leaders can teach you about entrepreneurship

​Women are becoming more entrepreneurial and are launching their own businesses at an impressive rate, despite the challenges they face due to gender bias. Many people still don't take professional women seriously. Women founders seeking investment find the pitching process even more difficult than their male counterparts and women in leadership positions face additional challenges around work-life balance, networking and overcoming the fear of failure. Nevertheless, as more women are taking the...
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