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How to Turn Your Hobby into a Business

Strategy Driven

But if you don’t have a clear way to monetize your product and/or service, you’ll never turn your hobby into a long-term, sustainable business. Other options for selling your product include leasing, crowdsourcing, franchising, and ad-revenue. What do you want your business to achieve in the long-term?

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21 Home-Based Business Ideas & Tips for Starting a Business from Home

Miles Anthony Smith

Term loans , SBA loans , lines of credit and invoice financing are just a few of the options available to small business owners. With today's technology and the affordability of websites, anyone can start a business from home. For those interested in selling franchised clothing from home , there are a number of great options.

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On a Consumer Watershed

Marshall Goldsmith

Many technologies, such as computers, copiers, fax machines, and other office equipment are rapidly converging. While the idea of IBM selling non-IBM products was almost unheard of in the recent past, it is now becoming commonplace-to the benefit of customers and, in the long run, IBM itself.

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Sales Bonuses Are Supposed to Motivate, So Don’t Waste Them on Easy Targets

Harvard Business Review

One technology company targeted a 50:50 pay mix for salespeople in new customer acquisition (CA) roles, but a 70:30 mix for salespeople in account management (AM) roles. a high second number) motivates salespeople to drive short-term results. Franchise sales have nothing to do with salespeople. Free sales come in two forms.

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Exploring and Exploiting Your Way to Growth

Harvard Business Review

This is a challenge that has long fascinated me. How can you adapt management systems that are used to managing short-term performance to become capable of supporting a "test and learn" approach to innovation? The question though is, why didn't they move earlier? Why are companies often left flat-footed when competition strikes?

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How One CEO Grows Her Business with Feeling

Harvard Business Review

A study fielded by the Council on Foreign Relations, " Addressing the Special Needs of Girls ," underscores why missing school matters in a big, long-term way. As product is sold, some of the initial working capital that SHE puts up is paid back, with the entrepreneurs eventually owning their local franchises.

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Exploring and Exploiting Your Way to Growth

Harvard Business Review

This is a challenge that has long fascinated me. How can you adapt management systems that are used to managing short-term performance to become capable of supporting a "test and learn" approach to innovation? The question though is, why didn't they move earlier? Why are companies often left flat-footed when competition strikes?