Self employed business person working from home

Is It Possible to Own Multiple Businesses? (The Answer is Absolutely!)

You’ve been holding down your business for quite a while now, and you’ve seen great success come from it. Old customers frequently return to your store, new ones pour in by the dozens, and you’re bringing in more money than you know what to do with.

The answer couldn’t be more clear: it’s time for you to start another business.

It’s something that you’ve had on your mind for quite some time, and now you feel like finally taking the leap. But some questions come to mind when thinking about running multiple businesses, and you need to make sure they’re answered before you dive in head-first.

Luckily for you, you’ve come to the right place. This article talks briefly about if it’s possible to own multiple businesses (spoiler: it is) and how you need to go about managing your businesses to ensure you get the most success. Keep reading to learn more!

Can I Run Multiple Businesses?

Take a moment to think about the most successful business moguls in the past half-century. What’s something that the majority of them have in common? You’ve guessed it: they run more than one business.

Running multiple businesses is beneficial in many ways. Not only will it make you stand out in your niche,but it will also help you bring in supplemental income and make stronger gains in your field.

So the real question that you should be asking is not can you run more than one business, but how do you do it. That said, here a bit of a breakdown as to what you need to bear in mind when starting up your new company.

Going About Creating an LLC

The first thing you’ll need to do it place your new company under an LLC license. An LLC, or a Limited Liability Company, is one of the many labels that you can place a company under – and a smart move for you to do with yours.

LLCs are perfect for startups; in fact, they work best in conjunction with sole proprietors (single owners) and partnerships (two or three people who are light on business funds). This is perfect for people to start a company no matter their finances.

Many Things in One

Alternatively, you simply can add your new business under your current one. Doing so would link the two (or more) businesses together under one umbrella corporation.

This is the best way to go if you want to get started fast and you simply want to add a branch off of your current business (for example, a fitness line of clothing branching off of your yoga business).

Stay in the Area

Many people think that to start a new business, you have to place it on the opposite side of the country from where your current one is. Not only is that false, but doing so can hinder your ability to manage them both.

Keep your businesses in the same region to make it easier to manage and grow both. You’ll be glad you did.

Time to Get You Started

Now that you know just how possible it is to run multiple businesses, you’re going to want to get started on further building your empire as soon as possible. But before you move too quickly, you need to make sure you get the expertise in your corner to do it right.

Dr. Dan Schneider has you covered with business knowledge that can take you to the next level. With years of expertise, Dr. Schneider can help you turn your business dream into a business success.

Ready to get started? Contact Dr. Schneider to find out how he can help you today!

entrepreneur open for business

The Top 5 Characteristics of Entrepreneurs You Should Know About

Did you know that about 63 percent of twenty-somethings want to become entrepreneurs?

You can try it! But, unfortunately, not everyone has what it takes to become a successful entrepreneur. That’s why so many people end up falling at the first hurdle.

You can work as hard as you want, but unless you have these specific characteristics of entrepreneurs, you’re probably fighting a losing battle.

Keep reading to learn more.

1. Boundless Creativity 

You can’t avoid the truth that some people are more creative than others. If you have a creative edge to your personality, you stand a better chance as an entrepreneur.

You’ll need to think outside of the box to solve business problems. If you always take the easy route, you won’t be able to generate a fresh perspective.

It’s not always easy to constantly come up with new ideas for businesses. The best entrepreneurs don’t just settle for one good idea, they want dozens.

2. Willingness to Take Risks 

If you find taking risks scary, you might not be cut out for the entrepreneurial lifestyle. Working for yourself isn’t always easy.

There isn’t anyone to catch you when you encounter challenges. This can cause you to be especially cautious.

But, entrepreneurs need to show courage and a willingness to take risks. If you never do this, you’re unlikely to accomplish your goals.

3. Self-Motivation and Drive 

When you don’t have a boss telling you what to do all of the time, you’re completely responsible for your own success.

That’s why it’s crucial that you stay motivated when in difficult times. You need to be driven to achieve results.

Staying disciplined when it’s much easier to procrastinate or get another job is important if you’re going to make it as an entrepreneur.

4. A Desire to Change the World

Entrepreneurs are passionate about solving the world’s problems. If you’re going to withstand the challenges of an ultra-competitive business world, you need to be inspired.

How do we communicate better and more efficiently as a society? Could we invent better ways to deal with climate change?

Without any passion to make a difference, you won’t be able to stay determined to keep up your enterprise.

5. The Ability to Network 

About 80 percent of professionals say that networking is important for career success. 

You quickly discover that you can’t do everything yourself. You need talented people to support your entrepreneurial dream.

You also need to be able to build bridges with investors. You need to convince industry leaders that you’re a big player in the sector as well.

Can you charm other professionals who can help achieve your business goals?

Nurture the Characteristics of Successful Entrepreneurs

Do you want to become a successful entrepreneur? You need to possess certain characteristics.

From the ability to creatively solve problems to having the self-motivation to keep working against the odds, there are some characteristics that are a must-have. 

Do you want to learn more about entrepreneurs and the world of entrepreneurship? Keep reading our blog. 


The Importance of Mentorship for Startup Founders and Entrepreneurs

Of the small businesses that started in 2014 only 56% made it to year 5 (2018). The good news is that research suggests that having a mentor can impact entrepreneurial success.

So what is the importance of mentorship and how can you benefit? Read on to learn how mentorship can help you take your company to the next level.

The Importance of Mentorship for Entrepreneurs

Mentorship is the process of gaining knowledge from a more experienced individual in a semi-formal way according to University of Cambridge. Below are just a few of the reasons why mentorship works for entrepreneurs.

Gain Real-World Experience

You can only gain so much knowledge from books, webinars, and the internet. Some knowledge comes from having done it. That is where a mentor can help you. They have been through the process of developing and growing a company.

In a mentor/mentee relationship, that knowledge is shared which allows you to take a step ahead of your competitors. 

Networking Opportunities

Your mentor can share valuable contacts with you which in turn can help your career. In addition, because your mentor believes in you and your company it lends credibility to your work. This encourages others in the field to support or invest in your ideas. 

Mentors Help to Foster EQ

Emotional intelligence (EQ) is crucial to entrepreneurial success. The adage is true, with age, and experience comes wisdom. Experienced entrepreneurs can help foster EQ in young entrepreneur minimizing emotional decisions that can have negative impacts on your company. 

Mentors Offer Encouragement

Failure is a part of building anything, but enduring that failure and overcoming it is difficult.  This is where a mentor steps in. They can help you understand mistakes and turn them into successes.

Mentors offer encouragement when things are difficult, but they also offer praise when things are done well. The later is something that is often not found in working for yourself when there is no boss to tell you “you are doing a great job”

Mentors can also help you see the long term outcomes of the short term challenges. Often entrepreneurs struggle to see the bigger picture with they are overwhelmed with the day to day of running the company. Mentors help to keep the long term goal in sight.

Running your own business can be lonely, you and you alone are making the decisions that impact your company. Having a sounding board in a mentor can help you to navigate through hard times. 

Mentorship can bring so many more benefits to new entrepreneurs and start-ups. The key is to find a mentor that has the knowledge that you need and is willing to work with you.

Do You Need a Business Mentor?

I have built businesses, moved faster and more efficiently than others, and reaped the results. I now want to share that knowledge with you. I understand the importance of mentorship and want to help others succeed. 

Contact me, and we can work together to grow your business.

New Product Launch Marketing Commercial Innovation Concept

Put Up or Shut Up: The No Frills Guide to Launching a Product

Once you’ve chosen a product to sell, you have to start thinking about how to launch it. While it may seem daunting, following a proven process can help.

This no-frills guide will help you follow the necessary steps to launch any product to your target audience. 

Keep reading to learn about launching a product and everything that entails so you can have a successful product launch.

1. User Testing

The first thing you have to do long before the launch is to make sure your product is ready for the general public and that it’s something people will want and be willing to pay for.

Gather a group of 20 – 30 people to test your product. Get feedback from them and use that to make any changes to your product long before the launch date.

2. Preparations

The more you prepare for the launch, the more successful it will be. Here are a few of the things you need to do to get ready for launch day.

Choose a Launch Date

Find a date that works for you and that doesn’t coincide with any other similar product launches. Stick with that date and work backward as you plan your days and weeks leading up to the launch.

Select a Platform

Another decision you need to make is what platform you’ll use to launch your product. Consider where your audience spends most of their time.

Make a Checklist

There are many things you’ll need to do before and on launch day. Keep a checklist handy and make sure anybody you have working with you knows what their roles are as well.

Set Launch Goals

Although there are many things you can’t control like how many people end up signing up for your product, there are other things you can. Focus on the things you can control when setting goals so you don’t set yourself up for disappointment.

3. Build Hype

The sooner you start getting people excited about your product, the better your launch will go. Share your story, especially if you’re a small company because people love to connect with the person behind the product.

4. Launch Day!

On launch day, there’s going to be a lot to do. Take a deep breath and pull out your launch day checklist. Focus on getting everything done and give yourself plenty of time to interact with new users as much as possible.

These new connections will help you get more valuable feedback about what additional features you may consider adding or other products you could launch in the future.

5. More Marketing

Think of your launch day as the middle point of a successful product launch. Once your product is out there, you should begin marketing it even more. Use social media and user success stories to continue widening your audience.

Need Help Launching a Product?

Now you know how to launch a new product whether you’re just starting your business or have been an entrepreneur for a while. As you can see, the more work you put in before the launch, the better it will be.

If you have questions about launching a product, contact me. I would be more than happy to guide you through the process.


The Secret of Becoming a Successful Entrepreneur (Revealed)

What makes one entrepreneur more successful than another? That’s the million-dollar question that thousands of entrepreneurs ask every day.

After all, when you’re starting a business, you need to find a way to beat the odds and have a thriving business that lasts.

Countless studies have been done on entrepreneurship and success. It turns out there are common traits that successful entrepreneurs all share.

Keep reading to discover what they are and what it takes to be a successful entrepreneur. 

1. Growth vs. Fixed Mindset

Entrepreneurs are naturally optimistic. You have to be to believe that your business is the next big thing in your industry and you’re going to be successful. Otherwise, why bother starting a business at all?

That optimism is sometimes paired with a certain mindset. Researcher Carol Dweck called these mindsets a growth mindset and a fixed mindset.

An entrepreneur with a fixed mindset thinks that talent is a fixed trait and you’re either born with it or you’re not. A person with a growth mindset approaches business and failure as continuous learning opportunities.  

It’s those with a growth mindset that are more likely to achieve success in business because they don’t see failure as a reflection of who they are as people. It’s a way to learn and improve.

2. Be a Great Listener

Your main job isn’t to deliver a product or service. It’s actually to listen to your customers, employees, and other stakeholders.

You need to understand not just what people want now, but the emotional need that they’re trying to solve. Your business can give them safety, security, peace of mind, or status.

3. Great Entrepreneurs are Self-Aware

How well do you know yourself? That may seem like an odd question, but it’s important to ask. You have to be well-aware of your strengths and weaknesses.

When you know what your weaknesses are, you can improve those skills or hire people that are better at that particular skillset.

4. Always Seek to Learn

The internet is a wonderful place because you can learn about any topic. As a business owner, your business is only going to grow as you do.

In other words, your skills and knowledge will cause your business to hit a ceiling. You need to constantly raise that ceiling so your company can grow.

5. Empower Your Staff

The main difference between managers and leaders is that leaders trust their employees to make the best decision they can.

They may not always get it right but having that kind of empowerment sends a message. It says to your employees that they’re valued, and they are capable.

Managers, on the other hand, may scrutinize decisions or need to have final approval of every single thing.

Be a leader. Your employees will reward you for it.

Become a Successful Entrepreneur

It takes courage and belief to become an entrepreneur. You have to position yourself well to be a successful entrepreneur.

You want to have a way to listen to and empower your staff. You also have to be aware of your strengths and weaknesses.

Do you need help becoming a successful entrepreneur? Please feel free to contact me today, and let me know how I can help.