[Step 3 of your Entrepreneurial Journey – Cost Analysis is an Important Decision Making Tool]

In Step 3, part# 1, we talked about the significance of cost analysis, and how you can best utilize financial information to your advantage. Here in Step 3, part# 2; we will discuss the preparatory steps, and how to conduct an effective cost analysis.

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[Step 3 of your Entrepreneurial Journey – Cost Analysis is an Important Decision Making Tool]

This is part# 1 of a two-part article. Today, our discussion will center on the significance of a cost analysis of a business venture or project, and how you can best utilize financial information to your advantage.

It is said that there is nothing more shocking than the truth. But, did you know that many entrepreneurs do not have a solid grasp of cost analysis skills? By neglecting this vital business skill, they are unnecessarily blocking the path to sound project decision-making.

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[Step 2 of your Entrepreneurial Journey – The Secret of Conducting a Feasibility Study]

“Starting a business is like jumping out of an airplane without a parachute.  In midair the entrepreneur begins building a parachute and hope it opens before hitting the ground.”

—Robert Kiyosaki, author of “Rich Dad Poor Dad”

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[Step 1, part #2, of your Entrepreneurial Journey - Assess Personal Skills]

In part# 1, we discussed why assessing your personal skills is the first step toward attaining entrepreneurial success. Today, in part #2, we will continue from where we left off in our discussion on Managerial Skills.

Three Steps to Improve Your Managerial Skills:

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[Step #1 of your Entrepreneurial Journey - Assess Personal Skills]

This is part one of a two-part article for Step #1.  Today, we will discuss why assessing your personal skills is the first step toward attaining entrepreneurial success.

If you’re thinking about going into business and being your own boss, then you’re not alone. However, entrepreneurship is not for everyone. Many who took this path failed. Those who succeeded were the ones who took the time to seriously prepare themselves before jumping in on the entrepreneurial bandwagon.

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