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5 Tips for Transforming Your Hobby Into a Business From the ‘Toy Hunter’

"Do what you love and the money will follow." Entrepreneurs have heard this advice countless times through the years. What's wrong with it? Most people who try to turn their leisure pastimes into a business fail at it miserably. They end up with a big, expensive hobby, not a successful small Article source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/isCGDbmL130/story01.htm By: Entrepreneur [...]

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What PayPal’s Partnership With Discover Means to Business Owners and Consumers

The announcement last week that PayPal is partnering with Discover Financial Services to offer a retail “digital wallet” payment option could result in a windfall for millions of brick and mortar merchants who already accept the Discover Card. Beginning in May of 2013, PayPal’s 50 million customers in the U.S. Article source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/XqZfWmYM2as/story01.htm By: Entrepreneur [...]

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8 Rules For Creating A Passionate Work Culture

Expert Perspective 8 Rules For Creating A Passionate Work Culture BY Paul Alofs | 05-21-2012 | 6:05 AM This article is written by a member of our expert contributor community.   Several years ago I was in the Thomson Building in Toronto. I went down the hall to the small

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Calling in the big guns

Being passionate about your business idea is critical, but unless you can back it up with industry-specific expertise, you won’t get far. Luke Watson, founder and managing director of DashLuxe, knows how important it is to seek out established players in your sector and take full advantage of their street Article source: http://www.startupsmart.com.au/my-best-mistake/calling-in-the-big-guns.html By: StartUpSmart [...]

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Why expert advice needs to be part of the start-up recipe

You can’t start a business without a vision, but you can start a business without seeking professional advice, however risky that might be. This was the situation celebrity chef Luke Mangan found himself in when he first started out. Mangan owns and operates restaurants in Sydney, Surfer’s Paradise, Singapore and Article source: http://www.startupsmart.com.au/my-best-mistake/why-expert-advice-needs-to-be-part-of-the-start-up-recipe.html By: StartUpSmart [...]

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Eclectic retailers deserve to succeed

I walked through small independent stores this week, trend spotting in advance of two friends of mine coming to Australia for speaking engagements, Howard Sanders and Paco Underhill. Both Howard and Paco founded and run companies. Howard, who is based in the United Kingdom founded and runs Echochamber, while Paco, Article source: http://www.smartcompany.com.au/retail-trends/eclectic-retailers-deserve-to-succeed.html By: SmartCompany [...]

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Disrupting the status quo

Launching a new concept in an unfamiliar industry often requires a thick skin, particularly if you plan on franchising your business from the get-go. When 28-year-old Nathan Cuneen started his latest venture, Blow Dry Bar, doubts were raised not only about his idea but his knowledge of hairdressing. Blow Dry Article source: http://www.startupsmart.com.au/my-best-mistake/disrupting-the-status-quo.html By: StartUpSmart [...]

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Bridging the knowledge gap

Promising the world to clients can be a tempting sales strategy for start-ups, particularly in the early days when sales are scarce, but it can also backfire in a very big way. Sabir Samtani and David Easton learnt firsthand what happens when you claim to know more than you actually Article source: http://www.startupsmart.com.au/my-best-mistake/bridging-the-knowledge-gap.html By: StartUpSmart [...]

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A debt-laden start-up idea

Having very little money has served as the motivation for many successful entrepreneurs, from Seven Media chief Kerry Stokes to Harry Potter mastermind JK Rowling. However, severe debt is more likely to act as a deterrent to starting up rather than draw people to it. This wasn’t the case for Article source: http://www.startupsmart.com.au/my-best-mistake/a-debt-laden-start-up-idea.html By: StartUpSmart [...]

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Battling search engine invisibility

Operating online is the norm these days, particularly if you’re a new business. But as Matt and Richard Burgess found out, setting up a website is the easy part. Being found online presents an entirely new set of challenges. The Burgess brothers are the founders of vehicle financial brokerage service Article source: http://www.startupsmart.com.au/my-best-mistake/battling-search-engine-invisibility.html By: StartUpSmart [...]

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