SELF EMPLOYMENT: The Deadliest Business Trap Ever and How To Avoid It
Monday, 23 May 2011
by Tito Philips, Jnr.
Being self-employed [doing business] is the deadliest trap of business ever. That you are small is no excuse for wanting to be a one-man army. Someday soon, you will no longer be able to do all the things you so easily do now as a result of age, so what will become of your business then? Someday soon, your small business will outgrow your capacity to meet all your customer's increasing demand, so what will become of your business then? Then, you'll suddenly realize that all your ‘can-do-it-all-by-myself’ attitude as a self-employed entrepreneur is counterproductive. Then you will come to terms with the universal truth that one tree does not make up a forest and that one is too small a number to achieve greatness!
- Published in Start Up, Thought Bank
Why Doing Business As USUAL Is Suicidal
Monday, 11 April 2011
by Tito Philips, Jnr.
You are dead if you’re just like the rest!
It’s just simple logic, why would anyone remember your business if there’s nothing remarkable about your business? There are a thousand and one competitions out there and people want to know what’s so unusual about your business that makes you different from all others. Especially at a time like this when the whole world is going through a financially constraining phase, people are more prudent with the way they spend. Meaning, getting money out of people’s pocket ain’t going to be as easy as it used to be.
- Published in Entrepreneurship, Management, Start Up, Thought Bank
The TWO Kinds Of Business, Which ONE Are You Building?
Monday, 04 April 2011
by Tito Philips, Jnr.
All businesses are not created equal. Hence, there two kinds of businesses;
1. Good Companies: Business as Usual
These are companies whose customers simply TOLERATE them because they haven't seen an alternative provider yet.
2. Great Companies: Business NOT as Usual
These are companies who don't have customers but have fans that CELEBRATE rather than tolerate what the company does.
- Published in Entrepreneurship, Management, Start Up, Thought Bank
11 Fundamental Business Questions For Every Startup Entrepreneur
Sunday, 27 February 2011
by Tito Philips, Jnr.
Many people venture into the world of business without taking the time to critically answer some very fundamental business questions that goes a long way in determining how successful the new business
venture becomes or not. In this article, I will be sharing the 11 fundamental business questions I usually use in my coaching and consulting process for start-ups.
- Published in Entrepreneurship, Start Up, Thought Bank
BUSINESS: What’s LOVE Got To Do With It?
Sunday, 20 February 2011
by Tito Philips, Jnr.
Love is at the core of entrepreneurship.
Love is what drives true entrepreneurial endeavours.
Love is the reason why you think that idea of yours is going to change the world.
Love is the reason why you gave up everything else to chase your entrepreneurial dreams.
Love is why you are risking everything you’ve ever known and owned in pursuit of an idea.
Love is why you jump out of bed in a scurry to pen down an idea that you conceived in your sleep.
Love is the source of your passion.
Love is the fuel for your creativity.
Love is the energy we use up for creation.
Love is the source of inspiration for ground breaking innovations and inventions.
- Published in Entrepreneurship, Start Up, Thought Bank
9 Ways How NOT To Start A Business
Monday, 31 January 2011
by Tito Philips, Jnr.
Becoming your own boss has sort of gained a global appeal. These days many people start up their own businesses for virtually any reason. Somehow it doesn’t seem to count anymore what led people to go into business, going into business has suddenly become the new mantra of the 21st century. In this article I will be x-raying some of the ways how NOT to start a business so that in the end, you can have the right mindset needed to start a business. I welcome you to join me in this exciting journey and as you go through this unusual article I want you to constantly bear this in mind, failure in business is usually as a result of how you start.
- Published in Entrepreneurship, Start Up, Thought Bank
THE ORIGIN OF MADphilips – The UNUSUAL Story Of How I Became An Entrepreneur!
Sunday, 09 January 2011
by Tito Philips, Jnr.
“The content of your personal life experience is your greatest competitive edge in business!” Take it or leave it. Your most competitive advantage in business as an entrepreneur is your personal life experience as an individual. Why is this so? Because there is something unique about you and your life experience that no other competition can replicate no matter how hard they try. They simply cannot replicate your life experience. It is totally liberating to know that you have an edge over all the others in your niche just because you have a personal life experience that is uniquely yours. Your only task therefore is to find a way to add some usefulness to your uniqueness. That is, use your unique personal life experience to do some good [useful] in the world through your business.
- Published in Entrepreneurship, Start Up, Thought Bank
THE PURPOSE OF ENTREPRENEURSHIP: Why Did You Become An Entrepreneur?
Monday, 27 December 2010
by Tito Philips, Jnr.
Entrepreneurship is much more than making money. It is a calling. And like every other calling, it's people-centered. It's never about you, it's all about others. It's a calling to serve; it's not about what you can accumulate (money/profit), it's about what you can contribute (service/value). Why do I say this?
- Published in Entrepreneurship, Start Up, Thought Bank
The BEST Business Model Ever!
Sunday, 19 December 2010
by Tito Philips, Jnr.
what is a business model?
In the words of Seth Godin;
“This classic MBA phrase describes how you set up a business so you can get money out of it. A business model is a machine, a method, a plan for extracting money from a system. Without a business model, a company can get publicity, hire employees and spend money, but it won’t make a profit.”
- Published in Entrepreneurship, Start Up, Thought Bank
How To Build The Greatest Company In The World
Wednesday, 08 December 2010
by Tito Philips, Jnr.
As an entrepreneur, if your idea of a great company is to own a business that makes you loads of money, then I suggest you find another career path for yourself, because being an entrepreneur might not be your thing. Why? Because true entrepreneurs seek to make a difference by creating something new and exciting; money is never their primary objective. Their sole objective for going into business is to build a significant company. That is; a company that is different (uniqueness) and making a difference (usefulness). To bring this significant company into existence and nurture it into greatness is the passion of a true entrepreneur. Money is never their main reason for existing, to them, money is only a reward or the result of their commitment and passion to building a great company. As a result, true entrepreneurs don’t do business as usual – they go about business in an unusual manner. In other words, true entrepreneurs are not motivated by money rather they are motivated by a cause. They go into business to make a vision, idea or dream a reality both for themselves and for others. Their passion is building a significant company and nurturing it into greatness.
- Published in Entrepreneurship, Start Up, Thought Bank