It’s been nearly seven years since I posted Top 10 Business Plan Mistakes on this site. Looking back and reading the post again today, I think the list holds up very well.
Still, I can’t resist making a few changes. So here is my revised version for 2012, incorporating what I wrote back then that still holds true. . .
Like many a diet, attempts at budgeting often start with the best of intentions but end in failure.
The Money Chart from Randall Munroe’s webcomic xkcd.com is a huge poster showing the scope and scale of money flowing all over the world. In a great move for transparency, the entire list of over 200 sources is also online.
. . . Consumers who are offered a richer array of relevant choices in a given product category grow engaged and interested in quality and are prepared to stretch their budget accordingly . . .
In 2010, women became the majority of the U.S. workforce for the first time in the country’s history. . . .
Women are advancing in entrepreneurship as well. An American Express OPEN State of Women-Owned Businesses report found that between 1997 and 2011, the number of businesses in the U.S. increased by 34%, but the number of women-owned firms increased by 50%. That compares to a growth rate of just 25% for male-owned firms and has allowed businesses owned by females to reach 49% of U.S. firms — near parity with their male counterparts.
Choosing a name may not seem like the biggest challenge your company faces, but the right name can influence buyers and become a staple of your company's entire image.
. . . China is not the only owner of US debt – far from it. In fact, name a random country somewhere in the world, and we probably owe them something. And though many debts are small in comparison to those of big lenders like Japan, the UK, and aforementioned China, they aren’t chump change either. We owe Sweden around $20 billion, quite a tidy sum indeed. This infographic breaks down exactly where our debt is owed, and even breaks it down to the per-citizen level.
We've compiled a list of 13 immigrants who came to the U.S. with practically nothing and emerged as testaments to hard work, passion and the will to succeed. And they have the money and acclaim to show for it.
Pinterest, the new social-media darling, took note of this behavior and created an easy-to-use site where people can share their interests in the form of pictures.
The site is beautifully designed and truly engaging. It is resonating with users and experiencing explosive growth. ComScore reports that Pinterest hit 10 million unique U.S. visitors faster than any site in history. . .
(To see Bovee & Thill's Business in Action on Pinterest–A Virtual Pinboard, visit http://pinterest.com/courtland_bovee/bovee-thill-s-business-in-action-on-pinterest-a-vi.)