Keys to Success: 3 Things the Music Industry Can Teach Us

Time after time, when a new technology comes out that affects the music industry, there is resistance by the elders. Lots of resistance, actually. When recorded music was presented as a payable option on vinyl, there was a fear people would stop going to live performances. When cassette tapes could record music off the radio, a turntable or a CD player, there was a fear of a future where no one bought music anymore. There was a very similar fear when Napster came out and people shared MP3s ripped from CDs.

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Lessons from Business Leaders: Tammy Bingham

Husband and wife Bo and Tammy Bingham are strong believers in what Brain Balance Achievement Centers can do for children who have academic, social or behavioral challenges. The Binghams’ sons brought them to one of Brain Balance’s centers and the dramatic improvement in their sons’ development led to the Binghams to operate centers in Utah. What can a business owner learn from the Bingham’s success?

Tammy spoke to the Huffington Post about the challenges, rewards, and lessons learned by making the decision to work for Brain Balance.

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Perks of Being a Small Business Owner

There are an abundance of benefits to starting a small business. There is the biggie, of course — being your own boss. But there’s a lot more to it than that. Here’s a look at some of the other perks for running your own show.

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Passion: An Entrepreneur’s Lifeblood, but Also Potentially a Downfall

Chances are, you started your business because you have a passion and a vision for whatever it is you do.

That’s good, because you’ll need abundant reserves of both things if you are to succeed: A vision for where your business – and your industry – are headed, and passion to drive you through the lean times until you find sustained profitability.

However, beware the pitfall of passion. If you follow it blindly, your vision will suffer, causing you to start lying to yourself about your product or service, your industry and your market.

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Keys to Success: New Opportunities for Women in Business

We’ve seen lots of headlines recently about women small business owners, including two senators seeking to boost opportunities, and women’s superior efforts in crowdfunding. Here’s a look at those developments.

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Are You Getting the Most Out of Your Small Business Accountant?

A small business should be selective when choosing an accountant. An accountant can play a critical role in the company’s successes and failures. They can also help the owner to be focused on areas that need attention. Accountancy professionals should assist with corporate strategy, provide advice and help businesses to reduce costs, improve their top line, and mitigate risks.

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Winning Government Contracts for Your Small Business

Government contracts may be plentiful for larger companies. For many small businesses, they’re not. Only 22.5 percent of federal contracts go to small businesses. Only 4 percent are awarded to firms owned by women, according to statistics from the U.S. Small Business Administration (SBA) from 2012.

However, government contracts can be lucrative. Winning such contracts, for women entrepreneurs, is an important way to create a high-growth business, according to research by American Express OPEN, which found that 42 percent of women-owned small business contractors generate annual revenue greater than $1 million.

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What Can We Learn from Short-Lived Startups

The truth is more businesses fail than succeed. Every entrepreneur knows that. However, every business owner can learn from the failures of other organizations. What separates Yugo from Ford Motor Company? What’s the different between Pan Am and Southwest Airlines? Their stories can teach us something.

Taken from the Valleywag blog at Gawker, here are a few short-lived startups and what we can learn from them.

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Keys to Success: Business Advice from Celebrities of Substance

An entrepreneur can learn from anyone’s experience. And Frances Bridges proves it. She is a writer I would highly recommend that you follow. In her “celebrity substance” blog series for Forbes, she looks at celebrities from a variety of professions, discussing what can be learned from their successes and failures. Here are a few lessons that stuck out:

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A Dallas Artist Works to Raise Awareness of Homelessness

Of all the projects I’ve become associated with in recent months, there’s one that has a particular resonance for me and a relevance for this blog and its mission of helping disadvantaged populations get a leg up in the world.

Even as I write this, my friend Willie Baronet is in the middle of a remarkable journey, traveling across America to raise awareness of homelessness.

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