Help Your Family & Friends Start a Business

Help Your Family & Friends Start a Business

Hey Entrepreneurs,

Have you ever been approached by a family member or friend about starting a business?

Truth is, as an entrepreneur you have a lot of knowledge. And sometimes you just know what you know. Meaning it’s hard to synthesize that information in a way that others can understand.

Now you don’t have to!

Our Business Planning Series is the A-Z for creating a business plan. Best thing is, it’s absolutely FREE!

Next time you’re asked by family and friends about starting a business point them over to our YouTube Channel. Currently, you’ll only see our Business Planning series there, but real soon we’ll be adding more videos to help entrepreneurs and business owners grow their businesses.

Stay tuned! We have way more planned for the channel.

2 Videos in One Day!

So, we did a thing…

We released 2 new video series in one day! We never do this, but we were itching to get this out.

Introducing Our Quick Tips and Negotiation Series!

Quick Tips Series

The Quick Tips Series is designed to give entrepreneurs and business owners one golden nugget of information per episode. But pay attention, it comes at you fast!

We intentionally will keep episodes short so you can binge, and apply what you learn immediately after watching. Our first one talks about how you can become a leader in your industry.

Negotiation Series

Do you have trouble negotiating deals? Or maybe you just want to get better at it.

Well, we’re here to help!

The Negotiation Series will provide you with the skills you need to negotiation better, and close more deals in favor of your terms. We kick off the series with one of the most important rules of negotiating; ALWAYS let the other person go first.

There are 10 negotiation tips in all, and we’ll be releasing them weekly for the next 10 weeks. We’ll also have more quick tips coming at you in the next few weeks, so be on the lookout!

IT’S HERE! Well… Almost

In 2 days, we’re dropping something HUGE!

Here at EntrepreneurNow! Network it has always been our mission to empower business owners and entrepreneurs with the tools needed to launch, grow, and scale their businesses. We have never wavered from that mission, and now we’re excited to bring you something we know you’ll love, and all for absolutely FREE!

Introducing the Business Planning Series.

The Business Planning Series is a 26 course video series designed to help you create a solid business plan that takes your business from idea to launch, and beyond. In this complete guide, we’ll provide you with all the tools you need to write compelling company statements, draft confident financial projections, and create marketing strategies that will help you crush the competition.

A few of the things you’ll learn in this course:

  • How to write compelling mission and vision statements
  • Defining you target market
  • Finding out what your competitive advantage is
  • What’s the best price for your product or service
  • And more!

If you have an idea and want to turn that idea into a business, then you need a business plan.

Are you an established business thinking about launching a new service or product? Then you need a business plan.

The Business Planning Series will be available for FREE on YouTube starting Wednesday, September 8th.

Save the Date!

P.S. Here’s early access to our YouTube Channel. Make sure you like and subscribe as next we’ll be launching another series all aimed at helping entrepreneurs close more deals. Stay Tuned!

Where in the Heck Have We Been?! – Updates with Great Business Tips Inside

WE’RE BACK! And for good this time.

 

But where have we been you ask?

 

Quite literally all over the world! We are doing some amazing things behind the scenes in terms of asset building, strategizing, content creation, and expanding our reach to those who need us in underdeveloped markets.

 

That said, honestly, we got really busy. But we’re back now, and we’re excited to share what we’ve been up to since our hiatus.

 

As bonus value, because it’s never just about us, we’ll share how each update relates to an important business tip.

 

Let’s go!

 

Update #1 – There’s More People Now

 

The team at ENN is growing. And as we continue to expand, we’ll likely need to hire even more people.

 

This is a good thing, right? Well, of course. It’s every entrepreneurs dream to experience growth within their business. Being too busy is a good problem, but the trick is to know when to hire someone to take care of tasks you’ve either been neglecting or can no longer do yourself.

 

Which leads me to…

 

Business Tip #1 – You can’t do everything yourself

 

Ever heard the expression time is money? That’s because in business, it really is. Money isn’t just the balance that you keep in your bank account. There are other ways to determine how money is factored.

 

In the specific case of being busy, let’s take opportunity cost as an example. Opportunity cost is the money lost from not seizing opportunities. Truth is, you can’t possibly do everything yourself, and you incur opportunity cost by not maximizing your time wisely.

 

Update #2 – People Really Like Us

 

There are two parts of the ENN name we like to focus on: the entrepreneur and network parts.

 

For entrepreneurs, we strive to provide value that resonates with them. We aim to provide that value in various forms, and various methods across the chain.

 

Second, we believe in networking, growing our reach, and aligning ourselves with like-minded people, missions, and goals. And to that effect, we’ve been able to expand our reach globally.

 

Between Canada, the UK, India, and several others we have our hands full with partners that love our content and want more of it.

 

Business Tip # 2 – Don’t Be Afraid to Expand

 

Even if you’re not truly ready. Again, this is a good problem. Like many business owners before you, you’ll figure it out and find a way to make it work.

 

Update #3 – Not Just a One Trick Pony

 

The Business Planning Program is ENN’s flagship offering, but hey, we have other stuff too!

 

During this time, we’ve been amassing a library of video courses related to business, entrepreneurship, sales, leadership, and more. Many of them are out of production, but some are being filmed as we speak. This is exciting as it allows us to enhance the value we want to offer, while also doing the good service of educating future entrepreneurs.

 

I know, I know. the courses aren’t made available on the site just yet, but we have a plan we are working on. We are strategizing the best way to incorporate them into the site and will be sure to update you when that time arrives. Pinky promise!

 

Business Tip #3 – Always Have a Growth Plan

 

A growth plan outlines the next phase of your business. For example, if you’re a startup coffee shop, the next phase could be to start offering breakfast sandwiches to compliment the beverage. It’s sure to increase revenue, and average spend per customer.

 

But what happens when you complete an action on your growth plan? You make another one silly. ALWAYS have a growth plan for your business. It answers the question, “what’s the next step for my business.”

 

Last Update – #4 – We’re Getting Active

 

With new hires, entering new markets, and growing our assets we think it about high time we start to get active. We have so much content to offer that it’s silly for us to keep it all to ourselves.

 

So, what to expect? If you don’t already, I suggest following our social channels immediately (links below). Things are about to heat up. We aim to provide reoccurring content, things you won’t want to miss, and events you will want to attend.

 

You’re about to see a lot more of ENN.

 

Oh, and the last business tip…

 

Business Tip #4 – Create a Hub, and Live There

 

Social communities around brands are popular. If you’re creating a brand, which every business is, then you should have a community.

 

We’re not saying to make one on every platform, but find a platform, create a community there, and engage frequently with members.

 

I know, we’re taking our own advice.

 

Social Media

Facebook – https://www.facebook.com/EntrepreneurNN

Instagram – https://www.instagram.com/entrepreneurnn/

LinkedIn – https://www.linkedin.com/company/entrepreneurnow/

YouTube – https://www.youtube.com/channel/UC7P8p-f3Nt1qUfz7DU0j_Hw

Killer Negotiating Tools and Techniques – Part 1

Being skilled at negotiating is important in both your business and in your personal life. We are going to talk about some great tactics that will help you in your negotiating skills…you might even consider it fun. I love to negotiate.

Are you a person that hates to negotiate?  Are you fearful that you could blow a deal because you are afraid to negotiate and perhaps end up leaving much on the table?

If you hate to negotiate and avoid it at all cost, most likely you simply do not have the tools and techniques that are needed to build your confidence when negotiating.  Confidence is the key to being a great negotiator.  Here are some great tools that I have been using for year that will most assuredly make you a great negotiator.

 

Tool #1 – Always Let the Other Party Go First

So many people race to state their position first in the negotiation yet there is absolutely no advantage for you to do so.  You miss a huge opportunity when you do this because you have no idea where the other party is going to start.

I want you to encourage the other party to go first and state their position.  That gives you the ability to react to it.  You might be surprised as to where they start in the negotiations.  It might be quite a bit higher than you expected.  And with that as a starting point you can negotiate them up.

My advice to you is be quiet and listen first.  I have found that when you request the other side to go first, they are often eager to do so.

 

Rule #2 – A Good Negotiation Consists of a Little Pain by Both Parties

You know you have negotiated a good deal when both parties walk away feeling just a little bit of pain.  To create a good, long-term relationship with the people you are negotiating with, you must make them feel like they got a good deal too.  If you push for everything and give in on nothing, you might feel great, but the other party feels horrible about the deal.

The art of negotiating is in finding that balance where you give enough to keep the other party motivated and interested in not only getting the deal done but feels good about doing business with you in the future (or would tell their friends to do business with you).

I have seen in my career that a hard-fought negotiation strengthens the relationship between the two parties.  And when the deal is done, you both get to celebrate its success.

Pro Tip:  Always have a few items when you are heading into a negotiation that are a list of things that are non-negotiable, and others that might not be so important to you. They might be important to the other party, but you’d be willing to give up to make the deal.

 

Rule #3 – Put It in the Parking Lot

The parking lot is one the best tools in a negotiation.  This is a place you can put issues that you are not ready to negotiate on yet until you see how the rest of the negotiations are going.  You revisit the items in the parking lot at the end of the negotiations.  If the negotiations are really working in your favor, then you are going to be more likely to give on these less important issues.  But if the negotiations are not going so well for you, then you might negotiation much harder on some or all these parking lot issues.

I also use the parking lot for issues that both parties are stuck on and can’t seem to get over.  Once you see where the negotiations are going, you (or the other party) may be more likely to give in on those items you were stuck on.

I always like to be the first to bring up the concept of the parking lot when I am negotiating.  It has a funny way of giving you more control in the process.  As you go through your points, you are the one who suggests, let’s put this in the parking lot and come back to it later.

Pro Tip:  Before you even start the negotiations, have a few deal points that you think are good candidates for the parking lot.

 

Applying These Tools to Your Business

Take a deal that you are currently working on (or a deal you have worked on in the past).

  • Make a list of a few deal points you can give in on that don’t mean much to you but would be important to the other side.
  • Make a list of a few deal points you think would be good candidates for the parking lot tool.
  • Lastly, experiment with the notion of the parking lot. Put several potentially more important “bargaining chips” in the parking lot, ready to go, to give you power in the deal. Have the cognizance of them when you are negotiating and do your best to move items into the parking lot first. Use them as negotiating points later.

Please feel free to share this article with anyone you think would benefit from it.