Going into business and becoming a business owner can be a dream for a lot of people. While a lot of people do dream about owning their own businesses, many people will struggle to build a business and brand. In fact, the majority of all new businesses end up failing within just a few years. For those that are looking to start their own business, one great person to try and emulate would be Glen Wakeman.
Glen Wakeman is a seasoned business owner that has decades of successful experience owning and operating his own small businesses. Today, he is best known for owning LaunchPad Holdings. This company is an organization that is designed to help people get their business off of the ground. The organization can help anyone and any small business learn how to raise capital, obtain loans, and complete other tasks that are necessary for any organization to succeed (http://www.glenwakeman.com/about-glen-wakeman/).
When you start working with Glen Wakeman and LaunchPad Holdings, one of the first things that you will do is learn more about his five-tiered approach to building a business. One of the first parts of any process is capital raising. This will include all of the aspects that are needed to help you raise money from investors and lenders. This can include creating a business plan, showing projections, and other facts that can help to make your business plan stand out.
Another tip that he has provided was to always focus on risk management. Risk management is a broad term that encompasses many different areas of the business. However, this genderally means having the ability to identify risks to your business and figuring out ways to mitigate these risks. This process will need to be completed on a regular basis to ensure you are able to react to anything.
Another tip is to focus on building leadership. While you may want to be very involved in your business today, there are going to be many situations in which you will want to be able to hand over control. To do this successfully, you will need to be able to develop leaders (Positivethefacts).