entrepreneurs Archives - Your Friend 4 Life

December 16, 2018

5 Stages of Business

I was in an interesting training this week about the stages of business. As an entrepreneur, I found the statistics interesting. Of the Fortune 500 companies in 1955, only 55 are still in business today. The trainer discussed the evolution that every business goes through and why the business thrives, survives or expires. Here are Continue reading →

Tim Wilhoit

Educational

April 22, 2018

Who Has Time to Blog?

A question I get from business owners and insurance agents a lot is who has time to blog? My answer is me and you. We all have the same exact 24 hours per day, seven days a week. Entrepreneurs that write weekly blogs do it because it is an important marketing strategy. Blogging builds an Continue reading →

Tim Wilhoit

Educational

January 8, 2017

Entrepreneurs Still Use the Franklin Method

One of the toughest things about being a business owner or entrepreneur is some of the decisions that have to be made rather quickly most days. Especially decisions that can be “make or break” decisions. One of history’s best decision makers was Benjamin Franklin. Franklin had devised a fool proof way to make his important Continue reading →

Tim Wilhoit

Educational

January 24, 2016

The 9 Steps of Modern Day Selling

A lot of entrepreneurs have amazing ideas of products and services that solve a litany of problems. So, why do most fall short? Most entrepreneurs are great at inventing, but really fall short in selling. The selling part is as important as the inventing part. You can build the world’s greatest mouse trap, but if Continue reading →

Tim Wilhoit

Educational

October 4, 2015

5 Traits of Successful Entrepreneurs

I read a lot of articles about entrepreneurs and their successes and failures. One of my favorite TV shows is “Shark Tank”. I have always been intrigued by entrepreneurs. I read an article this week about the hidden traits of the successful entrepreneur. These 5 traits that separate the successful entrepreneurs from the “want-a-preneur”. Continue reading →

Tim Wilhoit

Educational

July 12, 2015

Did You Water Your Bamboo Tree Today?

As an entrepreneur, I understand the pains and pitfalls of growing a business. I have done it twice from scratch. It can be frustrating to work long hard hours with very little sometimes in return. Your friends and family keep telling you to quit and get a job. Job is the acronym for “just Continue reading →

Tim Wilhoit

Inspirational

March 15, 2015

To Thine Own Self Be True

As the famous line from William Shakespeare’s Hamlet states, to thine own self be true. This is so important in business. We now live in a world with corporate executives lying, politicians’ lying, government officials lying and our news media lying all in the name of profit and power. Our society has lost its Continue reading →

Tim Wilhoit

Inspirational

November 9, 2014

Life Lessons from a Little Bird

Most of us are familiar with the story of the little bird that waited too long to fly south for the winter. If not, I tell it again in the next paragraph. It is a funny story about one of life lessons that is very real. These life lessons happen all of Continue reading →

Tim Wilhoit

Inspirational

October 12, 2014

Play to Your Strengths

I find a lot of books, podcasts, CDs and programs geared towards improving your weakness. I never really understood why. I believe you have strengths for a reason. It is your God given talent and all of your strengths should be used to their full extent. Why fight your gift?

For the entrepreneur, strengths Continue reading →

Tim Wilhoit

Inspirational

March 2, 2014

Are You Getting a Tax Refund?

As an entrepreneur and independent life insurance broker I have to pay my taxes quarterly and usually heavily on April 15^th. I just cannot relate to people that overpay the government to get a tax refund at tax time. But at least if you do get a tax refund try to save it Continue reading →

Tim Wilhoit

Educational

February 16, 2014

Who Is to Blame? The Story of Responsibility

I believe for most people in the US, it is easier just to blame someone else than to own up to our mistakes. The rich blame the government, the poor blame the rich, the democrats blame the republicans and employees blame their boss. The cycle goes on and on. Who is to blame? For Continue reading →

Tim Wilhoit

Inspirational

February 2, 2014

Entrepreneurs Are You Stupid and Stubborn?

We were having a conversation in a networking group of entrepreneurs from various industries and the question was asked, “What few traits do we all have in common?” No one spoke up, so I said “we are all stupid and stubborn.” This was met with total silence and uncomfortable stares. I broke Continue reading →

Tim Wilhoit

Educational

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5 Stages of Business

Who Has Time to Blog?

Entrepreneurs Still Use the Franklin Method

5 Traits of Successful Entrepreneurs

Did You Water Your Bamboo Tree Today?

To Thine Own Self Be True

Life Lessons from a Little Bird

Play to Your Strengths

Are You Getting a Tax Refund?

Who Is to Blame? The Story of Responsibility

Entrepreneurs Are You Stupid and Stubborn?