There is more wisdom to be found in failure than there is in success, though nobody ever said one had to learn from one’s own failures. One important and recent period in the business world’s long history is that of the dot-com bubble. Starting in the mid-1990s, the stock market was soaring with the buzz of online website stock prices. A new world, they said, was coming and the Internet was the future o

So you have a bright business idea, and you’ve done your market research. You know there’s demand waiting for your product, and few competitors catering to the market. Now all you need to do is form a corporation or LLC, and pitch your idea to investors. But before you can do any of those, you need to come up with a business plan. And any good business plan needs the name of the business. Before you can

One of the hardest things for a company to do, particularly when it is only starting out, is to break into an entirely new market or niche. The product they plan to do it with is untested, their brand in that field might not be recognized or might have a bad reputation, and their lack of presence means they’re competing against established enterprises. In short, the playing field is in no way fair to the litt

Nobody ever got to the top of their respective industries by being emotional. While being hot-blooded and gung-ho about things can get things done in fiction, it will often lead to unmitigated disaster in business. The world is a ruthless and uncompromising place, sometimes giving off the impression that it is inherently hostile to anyone and everyone. As much as possible, a business needs to be operated and steere

People like to think they live in a thinking, rational society that follows logic, a world that has dispensed with the numerous myths and folklore of the past. The business world at large would like to present the image of being solid, sensible, and unfazed by trivialities such as superstitions and horoscope predictions. Market research and customer studies would like the world to believe that buyers are not swayed

They call you the Businessman. For one, you have great marketing ideas. You are also known for your excellent pursuasive powers. When it comes to presenting proposals, you bring the house down like Larry King. And you’re so good with dealing with all kinds of people that your colleagues say you can sell just about anything to anyone. Your clients have never complained about you being late in work meetings. Yo

During hard times there are instances when you just feel like it’s better to throw in the towel and give up the fight. However, just like most people say, you should just carry on and try until you’ve reached your goal. Most of the successful businessmen that we know today also had their share of losses. Keep this in mind: quitters never win and winners never quit. The start is always the hardest part o

Hansei is a Japanese word that doesn’t exactly have an English counterpart. It can be roughly translated as acknowledging your own mistake and making a promise to improve in the future. Some people say that this trait of the Japanese is what differentiates them from Westerners. For them, it’s easier to admit a mistake than to make excuses. Aside from that, it can also mean staying humble and modest duri

When it comes to a career in sales, the most important thing that a salesperson will own is a business card. As a new salesperson, you need to know how to use a business card properly. Here are some ideas on how to use it in order to build a network of contacts. One of the most ideal places to exchange business cards is during conferences or meetings. This is a great opportunity to meet someone and engage in conver

Cloud computing is an interesting way for companies to cut some costs, particularly when it comes to tech-related infrastructure and software development. The ability to pay for services as needed, and not in expensive packages that may not be fully utilized, means that companies can make much more efficient use of their money while still having the services they require. The open nature of cloud computing also mea