Spirit box blog
Introduction to Management
Management is responsible for overseeing and controlling all aspects of a business. They are responsible for ensuring that workers under their management get done.
Outshine Your Competition with These 4 Tips
Studying the competition helps you choose the most viable and innovative tactics and best practices to create and maintain a competitive advantage with a strong potential for profit.
So you want to become an entrepreneur?
What is an entrepreneur?
Merriam-Webster: “one who organizes, manages and assumes the risks of a business or enterprise.”
An entrepreneur is someone who identifies a problem and attempts to solve it through a product or service.
Budgeting & Taking Control of your Finances
When running a business or managing your personal finances, you need to have a big picture understanding of your money. It seems like money is the center of everyone’s stress, right? It may even feel easier to ignore it all together and just go with the flow when spending your money. The problem with this attitude is that every dollar you spend can begin to add up quickly.
Starting a Business or School Based Enterprise? Tips to Help You Secure Funding.
The last step of launching your business is to fund it. As we learned from calculating your startup costs, starting a business is expensive. There are costs to launching your business and annual expenses that you will need to pay.
Market Research: When Starting your School Based Enterprise
Before you start a business you need to ask yourself, is my business needed or wanted? It is incredibly important to not assume that it is and do research before dedicating yourself to a business that will not succeed. There are two steps to take before diving in; complete market research and a competitive analysis.
Business Planning 101: Tips to Help Your Business Thrive
A business is created through solving a problem. This doesn’t have to be some earth shattering problem. The problem might be better lighting for a TikTok video. A problem was discovered and an idea was born. Look around your home and the products you have. What problem do they solve?
Once you have an idea for your business, it’s time to create a business plan. Running a sustainable and profitable business is no easy feat. It is so important to create a plan and to think through the details of your business.
Entrepreneurs can have great ideas, a great work ethic, and a lot of confidence. But it’s what they don’t have that often leads to failure:
Thanking your Team: Gratitude Goes a Long Way
You are working on a team and doing a job that you love. You are putting in 110% and doing work you are proud of. You work late because you are excited about the work you are doing and want the company to succeed. The company or organization you work for is seeing excellent results from the work you are doing. You are overcome with pride and fulfillment...but your team? Your boss? No one recognizes your hard work. Your boss gives you another assignment without showing any gratitude for helping grow the company. They don’t even acknowledge the extra hours you put in.
5 Ways to Dazzle your Customers and Create Raving Fans
Before your customers become your biggest fan, you need to be theirs. The people who support your business are the ones that are pushing your business forward. These are the people who are making your dreams of running a business become a reality.
How to Price your Products in your School Based Enterprise
Pricing products as a new business always comes with a challenge of wondering how do other businesses land on the cost of their goods? Should you mirror what other businesses are doing or raise or lower your prices? The first step is to establish your baseline of your cost of goods.