“Supply chain” …how often do you think about your business’ supply chain?

Unfortunately, most small business owners don’t even consider the dynamics of their business’ supply chain because they think that it’s a waste of time.

The truth is, though, that the small business supply chain does matter and has a tremendous impact on how your business functions.

The good news is that, if you manage your supply chain correctly, it can give you an incredible competitive advantage over your competition.

Let’s dig in.

Quick Side Note: If you’re still looking to start a business, this article should still be valuable to you. Having a solid grip on this information will help you grow your business faster once you’ve launched it.

What do you need to know when starting a business with no money?

This is a great question that I tend to get in emails from time to time.

The answer to that question will likely differ from person to person depending on their specific circumstances. However, in most cases, I’ve found that people who typically ask questions like this have a some what similar situation and could likely apply a some what similar strategy to start their own business.

With that being said, here are a few things that you need to know to start a business with no money.

Should I quit my job to start my own business?

No.

A while back I was reading a post that Mark Cuban wrote about why a startup should not hire a PR firm.

Now, I like Mark and, for the most part, I tend to agree with what he’s saying; when you first launch a startup you need to be incredibly wise with what little money you have.

However, I think it’s important to remember that PR firms do more than just connect you with important media sources. They build excitement around your brand and get customers to engage with your company.

What makes a great entrepreneur?

Are business people born great or are great business people made?

Over the years I’ve come across quite a few entrepreneurs and, while each is certainly unique in their own way, there seems to be several characteristics that the great entrepreneurs have in common.

Here are the 4 most common characteristics that I typically see in great entrepreneurs.

Great entrepreneurs are great hustlers

If I had to use one word to define a great entrepreneur it would be the word “hustler“.

These individuals are non-stop go-getters. They’re constantly thinking one step ahead and rarely end up on the losing side of things.

Building business relationships with potential customers is easy at first. However, as your business grows it will get harder to handle everything and you will be tempted to cut corners.

Don’t do it.

Instead, use marketing automation to help manage the process.

In an ideal world, with plenty of money to spend, your b2b business would purchase and utilize some type of marketing automation software to help increase ROI of your marketing programs. In an even better world, you would pay Beckon to help you maximize those efforts. 🙂

Of course, if you’re just getting started, it’s likely that you won’t be able to afford any of that yet.