Tips on how to start your own catering business

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Catering is a very exciting business, but like any other business to start a catering business that you really need to do the work up front. What I mean is that you need to write very detailed music business plan before you start.

The business is going to go through every piece of the business. From licensing and regulations to define competition create a marketing plan and set up the organization of price. All these things will be required.

The Small Business Administration (SBA) has some great information on writing a business plan. There is a lot of other resources out there to help you write a business plan.

Also, you need to decide what type of caterer you want to be. There are many different types of snacks. It is a corporate catering and there is also a social catering to a large part of it involves catering for the wedding. Often you can find some caterers will only make the wedding.

There are special events, Kosher, social and some who insist that only serve alcohol. You should decide what you want to do, especially what you want to specialize in and then take it from there.

Two things are going to be important in your business is your kitchen. You’re going to have a kitchen to work out and make sure to check with the health department rules your state. Most countries need to work out of licensed kitchen. A lot of equipment is also required. This includes both cooking utensils and catering equipment.

You’re also going to need a list of good recipes. This can be recipes of meals that you can cook good addition to that you specialize in. You always want to be known for its food, so it is a very good idea to have the perfect food before.

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Sources Business Capital

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Companies that are growing have sources of capital. The capital of a company, of course, comes from the owner or credit. Generally speaking business owners want to take a loan rather than sell all shares in the company, as sales of equity dilutes the ownership position; they have less of the pie! New funds can come from friends and family, venture capital firms and angel investors. These investors are looking to quality management, integrity, owner of a financial stake, and growth potential.

However, in the difficult financial environment many lenders are actually insist that business owners put more of their own money in the company. It’s never an easy answer when it comes to capital or question

When businesses borrow the cost of the funds -. As interest rates on the loans reduces the over-all profits. New equity in the company is of course not reduce the revenue, however, profit is distributed widely and incomes are relatively lower.

borrowing course comes with risks, as these loans must be paid. Business owners sometimes get caught in the trap of financing long-term projects with short-term money – they are at the mercy of having to always roll over debt, and possibly also to see prices go up, sometimes significantly. Also, companies can only carry so much debt, at which point cash flow will be possible if the company in question is the debt.

Now the price is very low for companies that have access to capital. Therefore, in many cases it may make sense to lock in long-term loans in the current attractive rate environment

When the business owner has decided to purse business loans old Boy Scout model works very well -. TO PREAPRED! Business owners who do their homework usually succeed. Lets not forget that the banks and finance companies are really in the business of credit. Of course, insurance, or additional certainly improves the chances of success of financing and the approval of a loan

equity and debt as a source of capital should be used for the right reasons -. Expansion, seasonal businesses, increased inventory and working capital will increase sales. Funds needed to address business failures such as poor management, financial losses, declining sales, etc are very hard to come by!

In short, business owners should carefully consider the positive and negative effects of additional debt or equity capital. Once they have made an informed decision, either on your own or with a trusted business advisor, they should consider the cost of capital and how it is best achieved.

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Dominant Characteristics Found in successful entrepreneurs

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1. Passion

The dominant characteristic of many successful and famous entrepreneurs is passion. All entrepreneur does is something he or she loves to do. Walt Disney pursued his love for drawing and animation; Bill Gates pursued his passion for computers and software. All entrepreneur makes is somehow related to his passion.

Passion provides the basic foundation for the rest of the skills of the entrepreneur. When employers have a passion, they are able to work hard without getting tired easily. They love what they do, so even if they get tired, it is a kind of “happy” tired.

When entrepreneurs have passion, they are able to work harder for their interest, and so they make their skills better. The more they work, the better they become, and eventually they become more expert in his field.

When entrepreneurs have passion, they also have more energy. They are more enthusiastic, blissful, stress-free. They are more self-confident. Because they are doing what they love to do, they work harder for their success.

When entrepreneurs have passion, they do not do anything with what they are doing. They do not hesitate decisions, because they know that they are always going to be pursuing something they love to do. So even if there is a failure on the way, at least they can still get back up and continue doing something they love.

2. Able to manage money wisely

Walt Disney failed in some of his entrepreneurial efforts, because he did not know how to manage money well. If employers do not know how to manage money, how they will achieve and maintain the funds necessary for long-term life span business? Entrepreneurs need money to pay for the costs to upgrade their business, to replace broken tools and equipment, to pay for education and learning, and to pay itself to continue to make their passion. Without proper money management, entrepreneur finds itself struggling in the world of business and finance.

3. Innovative

Entrepreneurs are very clever. This means that they tend to find new things that have not been invented before. They pursue new things, and they take new routes. They are usually the first ones to take new ideas and apply it in some way connected. They are very visual and imaginative. In a way, they like to “see” the future. He sees what the world will be when their ideas are applied in everyday life. They are creative and imaginative.

4. Realistic

Just because entrepreneurs are imaginative does not mean that they are realistic. Entrepreneurs need to be realistic in order to their imaginations to come true. They take their ideas and try to make it happen in the real world, even if it is just a small part of the idea.

5. Mark-oriented

How are entrepreneurs achieve big things? They set goals. When they “see” into the future, they are setting limits. They set realistic goals for themselves so that they can reach them and get closer to their success. But more importantly, they set SMART goals, which stands for small, measurable, achieve, realistic and timely. It is very important to set SMART goals for entrepreneurs, otherwise they would not be able to reach or achieve anything.

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Entrepreneurship Opportunities – benefiting entrepreneurship opportunities

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Entrepreneurship opportunities are always waiting to be identified and utilized. Leading entrepreneurs acknowledge the abundance of opportunities that potential investors can take advantage of. Unfortunately, many people just never seem to find them much like the odds might be.

Want entrepreneurship involves

Each entrepreneur will have their own angle or take in what they consider this field to be. For anyone looking for opportunities entrepreneurship can be confusing. However diverse the views are, there is always agreement that entrepreneurship entails defining the need and come up with a way to solve it. This requires accurately enough to think about the experience one goes through every day. It is from this reservoir observation, thinking and brainstorming idea will be born and turned into reality.

pioneers

Established hands in business will confirm that prospective investors must be prepared to go further than defining needed. They must go further bright idea their minds came on as a gold mine. They should continue to identify the system to respond to the need. Entrepreneurship opportunities are considered worthy enough if satisfied. The investor must also identify the customer. This is important because there would be no point to produce if you can find on the market.

road full of dangers

Entrepreneurship opportunities are fraught with danger. For example, while it will not produce any hat will buy, there is no way to find out if one does not produce it. This calls for the investors to be prepared for the risk of investing. By utilizing entrepreneurship opportunities one of the untested path. Investors will have to change their opinion if the investment world. It is not safe and neither are the easy and safe.

Skills every entrepreneur must have

To make effective use of the opportunities of entrepreneurship one must keep in mind some qualities. This should guides who will lead them in the way of their investment help them achieve their desires. Engineering is at the top of the list and includes the ability to not only invent but also to develop new things. The ability to keep coming up with new manufacturers is highly respected in entrepreneurship journey.

Manufacturing needs to deliver products in a consistent and reliable manner that will justify the price. Selling is a skill that completes the chain and carry yields. Trading is a skill that will take advantage of people the opportunity entrepreneurship a reality. While other skills are equally important, these four are the most important. Without them, it will not be possible opportunity of entrepreneurship one had asked to succeed. Hard work is one part of a successful business. It includes a willingness to go the extra mile.

Conclusion

Success comes when the opportunity entrepreneurship has been utilized properly has no peer. But it is very important for investors would be to not only keep their dreams intact and working. If this is done using the formula, the better. Investment is seeking. Failure should not be a reason to give up. Rather it means to try even harder.

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How to develop the ability to construct – A Key entrepreneurial skill

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Successful business ownership is all about gathering information, picking through it to determine what makes sense, and make sound decisions based on all available data. Synthesizing information in this way can be difficult to master, but a little time and practice you an expert in no time

Synthesis is the final step in critical thinking -. After you identify, evaluate, and organize information from different sources, this step requires you to put it all together. Many people struggle with this step, but really all you’re trying to do to choose the best answer, or a combination of answers, from a variety of data. In fact, chances are that you do this regularly anyway, whether you are aware of it or not.

As you may have noticed, the internet is flooded with all kinds of conflicting information about just about any topic. Trying to find the answer by surfing the web need you deem appropriate variety of sources and choose for you the idea makes the most sense to you. You might find yourself coming up with a completely different response than the one you read about … this is making.

Essentially what is happening is that by reviewing and evaluating a number of sources, you have to define the food and the relationships between and among data. With these connections, you are better able to generate new ideas that can be supported by a range of knowledge that you’ve picked up along the way. Not everyone will come up with the same solution and their solution may not always turn out to be right, but by starting with much data as you improve your chances of missing something important.

In terms of entrepreneurship, production is an important skill for every step, from planning a business idea to grow your business. Most first-time entrepreneurs do not have full toolshed of basic business knowledge, much less information on their own products, markets and their competition. Gaining this knowledge is important, but very little of it has a clear right and wrong answers. In any business, there are hundreds of small decisions to make along the way, each of which has the potential to make or break the whole venture.

For example, a critical part of planning is to develop your marketing plan. In order to create an effective marketing plan, it is important to learn the basic tenets of marketing, various ways for getting the message out and the best ways to persuade your target market that product or service is the way to go. Search for “Marketing Plan” on the internet, and you’ll get hundreds of results, millions of ideas and opinions, and several dozen sales message that they keep the “secret” to effectively marketing the product. The fact is that there is no right answer for every business, so you have to review and analyze a multitude of questions, then come up with a plan that includes the best of these ideas will have the most value for you

business.

key to successful development is to collect enough data to understand the basic concepts. Use a variety of sources and media to develop your knowledge – reading articles and books, talk about your ideas with those who know, watch what happens around you. Looking for views that differ from your own to ensure that you have considered all the different perspectives. The more information you need to reduce, the easier it will be to make informed, justifiable decisions to keep startup on track and on the road to success.

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Entrepreneurs – Risk-takers or risk averse

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If you are risk averse but want to be an entrepreneur you may think that this feature will make the task of being a successful entrepreneur more challenging. In fact, this is a feature that will help your chances of success if you do it correctly.

As risk averse person you may be more vulnerable to risk. This gives you the opportunity to analyze the risks and put procedures in place to mitigate them. If you are someone who is good at seeing what could go wrong you are well positioned to try to prevent things going wrong.

I would argue that the more successful entrepreneurs are those who are risk averse. They plan ahead, look at every possible eventuality (within reason) and reduce risk from increasing the chances of achieving the outcome they desire. Being a risk-taker means that you are ready to gamble more than you want or worse still more than you can afford. If this is the strategy that you can set yourself up for disappointment very quickly

Below I have listed some tips to help risk averse entrepreneur minimize risk and achieve its goal of what could be :.

1) Plan in advance. This would appear self explanatory. However, if you do not have a step by step plan and have not examined what areas idea could go wrong, if they do wrong, it will take you longer to resolve the issue (that is assuming that you can fix it at all). In addition to this is the target market; you’ve got a niche or a unique selling point (USP); how are you going to market you an idea; need investment from third parties; What is 12-month projection phone? These and other areas will need to allow you to succeed.

2) Research . When you have designed a plan to do some research. See if what you are proposing may actually achieved. Is your idea of ​​something people are interested in? Does it appeal to a niche market?

3) Be SMART. If you are familiar with the objective of you will probably be aware of this format. Your goals should be (s) pecific (m) easurable (a) chievable (R) ealistic and (t) IMED. By following this format you are much more likely to achieve your goals that will increase your level of motivation.

4) Use a SWOT analysis. This is a great way to appreciate the interior (s) trength and (W) eaknesses of the plan. While exploring possible (o) pportunities and (t) hreats. This will allow you to objectively make decisions and plans while minimizing risk.

This above list is a guide to support aspiring entrepreneurs minimize the risk, however, is not exhaustive.

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Social Entrepreneurship – Third Sector

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Social entrepreneurship is a rapidly growing field that has extended the concept of entrepreneurship with social issues sustainable projects. In 2006, Muhammad Yunus and Grameen Bank of Bangladesh was awarded the Nobel Prize for their extraordinary efforts to promote economic and social development in the current section of society. This event gave tremendous momentum to social entrepreneurship. This was the beginning. Many more profit and non-profit companies have begun to recognize them as a Social Entrepreneur. Ashoka.org, settled in skollfoundation.org Foundation, Schwab Foundation schwabfound.org and Aravind Eye Hospital araving.org are the best examples of social entrepreneurs. I will suggest readers to go to the relevant websites and read about these projects to understand the concept of social entrepreneurship, however.

Social and environment, such as environmental denudation, poverty and human rights violations have not been addressed adequately by the government, nor has there been a considerable amount of business. If we observe history, we see only unofficial and non-profit organizations have taken an interest in resolving such problems. This sector has worked mostly independent of any sector. The social is more or less on their own.

Whether the government supported or not, the social sector has increased significantly over time. In the United States alone are 1.5 million non-profit organizations with a combined annual revenue of about US $ 700 billion (National Center for non-profit boards, 2006). This is more than the GDP of Brazil, Russia or Australia. Moreover manages over US $ 2000000000000 in assets in the social field.

Despite the economic importance of the social sector is not recognized as a profession in traditional economies. The first country to recognize the economic and social importance of the social sector by creating comprises ‘third sector’ of voluntary and community groups, social enterprises, charities, cooperatives and mutuals that share the characteristic of being independent and value driven primarily reinvest financial losses surplus more social, environmental and cultural objectives. 2006 British government created the ‘office of the third sector. The British government is spending millions of pounds in the third sector. Recently, President Obama has also created’ office of social innovation and civic engagement with social innovation fund “(The White House 2009) that intends to identify and replicate high-impact, performance-linked organizations that deal with nations most challenging social problems.

In our country, in my notes The Aravind Eye Hospital is a classic example of social entrepreneurship defines all aspects. Founded in 1976 by Dr. G. Venkataswamy with the mission to eliminate unnecessary blindness, Aravind is the largest and most productive eye care facility in the world. Take compassionate service to the doorstep of rural India, incredibly effective methods Aravind has vaulted the barriers removed, poverty and ignorance to create a self-sustaining system.

Social and environmental problems can be solved if Social Entrepreneurship considered important sector. Technological and entrepreneurial skills will be used in this sector. The Young Entrepreneurs should think differently and be prepared to take some orbit change challenge, as the saying goes, “The Beginning of breakthrough innovation is not the idea but the trajectory change challenge.”

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Nike – Philip Knight Success Story – Famous Entrepreneurs

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“by the rules. But be cruel.”

Starting The Business

As Fred Smith and FedEx origin, Philip Knight first ideas of what would Nike Inc. came to him while he was on

school. While working on a master’s at Stanford, Knight – an accomplished runner in his undergraduate days at the University

in Oregon – wrote a paper that outlined a plan to overcome the monopoly Adidas had on the running shoe market. He soon

to realize this was to employ cheap Japanese labor to make shoes both better and cheaper.

plan was put into action shortly after graduating in 1962. Knight went to Japan to meet with executives Onitsuka Tiger

Co., manufacturer of imitation Adidas runners, claiming to be the head of a company called Blue Ribbon Sports (which did not

, unless in his mind). Knight convinced Tiger to export their shoes to the United States though Blue Ribbon and had them send samples

so his colleagues could see them.

Knight paid for the samples with money from his father. He sent a few pairs Bill Bowerman, track coach Knight from his days on

University of Oregon, who became interested in the venture. Knight and Bowerman became partners and put $ 500 each into

purchase of 200 pairs of Tigers. Blue Ribbon Sports was founded, and Knight started going to high school track and field events

selling shoes from the trunk of his car.

sales of $ 3 million dollars when Knight chose to dissolve the partnership with Tiger in 1970. Blue Ribbon began

produce their own line and began selling Nike line (named after the Greek goddess of victory) in 1972. These first Nike shoes

were adorned with the now-internationally recognizable swoosh logo – which Knight had ordered for $ 35 – and had

grip-improving “waffle soles”, conceived of by Bowerman while watching his wife with a waffle iron.

Building An Empire

success Blue Ribbon is (renamed Nike in 1978) in 1970 and in the ’80s can largely be attributed to marketing Knights

policy. He thought it best not to push his Nike shoes though advertising, but to let professional athletes endorse their product.

Fortune smiled on Knight as his partner Bill Bowerman became the coach of the American Olympic team and many of the best performers

the team decided to shod their feet with Nikes. Of course, when runners went well, the shoes they wore Were

highlights. Steve Prefontaine, a brash and unconventional American record holder, became the first spokesman for Nike shoes.

by tennis player John McEnroe hurt his ankle, he began wearing a Nike three-quarter-top shoes and sale of specially

brand jumped from 10,000 pairs to over 1 million. As Knight had hoped, celebrity athlete endorsements was effective

company. Knight also capitalized on a jogging craze, and through clever marketing to convince consumers that they should only be

wearing the best the best in the world.

The Air Jordans helped the company continue to thrive in 1980. For the first time, the shoe made more than $ 100 million.

Knight realized first goal of replacing Adidas as the number one shoe manufacturer worldwide in 1986. The total sales

had surpassed $ 1 billion. However, by neglecting the growing interest in aerobics shoes, Nike would have to face some

difficulties.

through problems and disputes

Sales dropped by 18% between 1986 and 1987, Reebok’s trendy, stylish aerobics shoes came to be in high demand. Knight had to

recognize the technological achievements in the Nike shoe would not satisfy those who placed appearance above performance. The

Nike Air responded Knight to Bolton. It revived sales and put Nike back in the number one spot in 1990.

Corporate Monster that it had become, Nike was the purpose of public outrage in 1990 when stories of teenagers killed for their

Nikes began floating around. It was believed that Nike was promoting their shoes too forcefully.

The same year Jesse Jackson attacked Nike for not having any African-Americans on its board or among the Vice-Presidents, despite

the fact that the customer base was largely black. Nike boycott Jackson was black board appointed.

There has also been controversy over whether Knight’s use of Asian factory workers as cheap labor s exploitative.

With all the bad press that has been foisted on Nike through these events, the Nike shoes continue to sell well. And

1993, The Sporting News voted Knight “the most powerful man in sports” though he was neither a player nor controlled. Knight’s

Marketing facility is praised and considered as a major factor in his impressive performance.

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Why do we need entrepreneurs?

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Fact. 1.5 million people are now unemployed.

Fact. Since 2007, as a nation, we have lost more than 10.5 million jobs.

Fact. The US population has grown by about 25 million people since 2000, and we had to create millions upon millions of new jobs to support the increased population. Instead, we have lost a total of 3 million jobs since 2000.

Fact. There are more than 70 million Gen Y’ers come into the workforce, all under the age of 30 in the next two years.

Fact. In the United States today, the average time needed to find a job has risen to 35.2 weeks.

Fact. 125,000 jobs need to be created each month to get our nation back to 5% unemployment.

Fact. 75% of people want to start their own business someday them.

Some see entrepreneurs as “an essential part” of our economy. They are considered “risk-taking”. Others see them as the “base”. I think entrepreneurs are the heartbeat of the nation.

and from the case above, I do not think it needs a lot of discussion that entrepreneurialism is needed in the coming years.

Without entrepreneurs start a business, it does not work for others. Without entrepreneurs demand for jobs will only increase and supply will only decrease, as seen in our economy today. With 1.5 million people currently unemployed and another 70 million Gen Y’ers come into the workforce, all under the age of 30. Where are they going to work ??

government can not save us from the reduction in jobs. Sure, they can bail us out … for a while, but they will also run out of money. And then what?

We live in a world with 1.5 million unemployed people … why? Because we lack the education, training, and mojo to get out there and actually create jobs instead of challenging them. We are taught to go to school, get a degree, and then someone, somewhere will take care of you by providing you a job with insurance, and health benefits. We live in a world right. We believe that because we go to school, headed off to college, got many degrees, graduation class at the top that it should be granted us wage employment. I hate to break it to you, but it is not always the case. Take a look around. Things are changing.

Am I frowned on education? No, not at all. What I grimaced at the right sense that we have developed. I think it is drowning the human spirit. I think it’s to keep us from unveil what we are really capable of and I think it’s stifling amazing things that are possible if we just step out and make something happen.

entrepreneurialism makes something happen. It does not and it turns into something. It takes what used to work and make it work again by being innovative and creative. Entrepreneurialism is something big. It is not a selfish thing, such as a sense of our world of freedom. It is to solve the problem bigger then himself.

example, if the entrepreneur creates a business that is successful, it will not only satisfy the needs of consumers will continue to buy, but it will also add more and more jobs, create demand for labor. With the increased demand for goods and services, greater demand for labor. Google had only two employees 15 years ago, now it’s thousands of workers in new industries that did not exist 15 years ago. It was created by entrepreneurs.

We can not get out of this debacle that we are in the economy by doing what we have always done. We’ve got to change things up a bit and we’ve got to put a new way to live into action.

our world needs leadership. It requires innovation, creativity, commitment and longevity. Our world needs to be led by a group of people who understand how to take themselves from the inside out and outside in, to establish themselves as “power houses” that are going to build our communities, our nation and our world one person at a time simply by knowing how to use their abilities.

This is seen in the lives of entrepreneurs.

And our world needs more entrepreneurs. Our future depends on it.

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Reduce stress pioneering

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starting and running your own business can be exciting and rewarding, but it can also be very stressful. For most of the nearly 40 years of our marriage my husband has been a pioneer and I have sometimes worked with him. Having built my own business as a Stress Reduction Coach I’ve been reflecting on the load to be an entrepreneur.

Signs and sources of stress

Some symptoms of stress overload include irritability, anxiety about the sustainability of the business and / or high debt companies. Relationships within the family can suffer if they do not understand the entrepreneurial drive or the time and effort it takes to start and run a business. For women entrepreneurs, the job of running the home and balancing work and home can create enormous stress. When you work at home, any home project that needs to be done can pull you away from your business. People who are drawn to be entrepreneurs are sometimes idea people who do not have the details and repetitive tasks. The need to work on those things can create stress as well. And when you are stressed it is difficult to focus and concentrate.

Plan environment

One of the solutions is to reduce stress and create an environment that reduces stress. Have a place where you can keep everything together and organized. A written plan of action for the company supplies where you can see it with every plan can help you focus on when you have available.

system that works for me

I’m not a person who comes to the organization easily and I have struggled to find a way that works. Daytimers and the arts help in the short term, but I’ve never been able to keep up with them. One thing I’ve found that works is to have a “big picture overview” of what needs to be done where I can see it. I have a poster board size piece of “static cling” presentation sheet attached to my door. It can be easily rolled up and removed if necessary. I have a few classes I have posted the top of the sheet, such as “additional”, “promotion”, etc. These are written on standard size post-it tickets so they can be easily removed and changed. I brainstorm all I need to do on a small post-it tickets. After I brainstorm, I organize the notes in the appropriate columns. I also have a category that says today that urgent and important issues. I can look at the poster while I’m working and see what I might have to do when I finish what I have to do, I can throw it away after. If something comes up that is not posted, I can put it on a post-it note and put it where it needs to be.

This “system” helped me to write many articles in graduate and I used it when I planned and wrote my thesis. Now it helps me as I’m working and my business. This is just one technique that helps me reduce the stress of being an entrepreneur.

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