Susan Payton is an Author at CorpNet https://www.corpnet.com/blog/author/spayton/ The Smartest Way to Start A Business and Stay Compliant Fri, 15 Dec 2023 18:00:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 20 Characteristics of Successful Entrepreneurs https://www.corpnet.com/blog/characteristics-successful-entrepreneurs/ Tue, 25 Oct 2022 11:37:59 +0000 /?p=4956 There's a neverending debate on whether entrepreneurs are born or made. I don't claim to be able to make the call one way or another, but I have noticed several characteristics that the most successful small business owners seem to share. Here they are. Whether entrepreneurs are made or born, they all share similar characteristics. How many of these do you possess?

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There’s a neverending debate on whether entrepreneurs are born or made. I don’t claim to be able to make the call one way or another, but I have noticed several characteristics of successful entrepreneurs that business owners seem to share.

While we’re all unique as business owners, you’ve got to admit that we share certain characteristics that help us have the drive we need to succeed. Which of these do you have?

Drive to Succeed. I guess without this, there’d be no reason to start a business. But every entrepreneur I’ve met (including myself) has something in them that won’t settle for halfway. It’s that Type A personality that refuses to relent until success is achieved. Can you relate?

Take Risks. I don’t naturally identify as being a risk-taker, but I look at the fact that I quit a job to start a company with zero dollars, and yes, I guess I have taken a few risks along the way. You can’t be scared of failure as an entrepreneur, that’s for sure.

Are Never Satisfied. Part of that drive for success is caused by never being satisfied. If you’ve got five, you want ten, and twice as fast. Entrepreneurs can’t settle with what they’ve got if they always want more.

Have the Ability to Work Long Hours. Especially when a business is new, this is key. There’s something that’s less stressful about working 60 hours (at least for a few weeks) when you know you’re building something from scratch.

Love What They Do. Again, why be in business if you don’t love what you do? I love hearing stories of people (like CorpNet’s own Nellie Akalp) who do what they love, and love what they do. Coming to work is never a burden!

Live the Brand. There’s no separation between an entrepreneur and his company. He is the brand, in a sense, as he represents it 24/7.

Have Discipline. Entrepreneurs are usually pretty disciplined about getting things done…on their own terms. That might mean their days begin at 11 am after surfing, or that they run their business from home, but once they’ve set up processes, getting it done is their mantra.

Maintain Balance. This may be less of a characteristic and more of a skill, but successful entrepreneurs know how to separate work and personal. They don’t take work home with them (unless that’s where their offices are), and they maintain a healthy balance between the two.

Are Experts. Because entrepreneurs are so ingrained in their field, many serve as public experts and share their knowledge through blogging and social media (note: this is a fabulous marketing tool).

Are Available. Unlike that stuffy CEO that didn’t launch his own company, entrepreneurs tend to take an interest in employees and customers alike, and while their schedules are busy, they make an effort to be available.

Determination. Not willing to give up, we forge ahead until we get what we want. Sometimes this isn’t our employees’ favorite of our characteristics, as it can make us “slave drivers,” expecting everyone else to live up to our own expectations for the business.

Competitiveness. Ever since grade school, we’ve been in competition; first with others, and now with ourselves. Our best isn’t good enough; we want more. This constant striving for perfection means we stay ahead of our competition in the marketplace.

Risk-Taking. As an entrepreneur, you can’t fear the risk, because you take it every day. You risk not making enough to pay your staff.  You risk losing all your business, should you be sued (that’s when corporations come in handy). You risk utter failure. Yet we still do what we do.

Hard-Working. Entrepreneurs aren’t afraid of a little (or a lot of) work. Many of us thrive on 60-hour workweeks (not I). We know that it takes a lot of work to get a business off the ground, and we’re willing to put in the time.

Difficulty Disconnecting. I’d bet this is the least favorite characteristic of every spouse of an entrepreneur. We sneak a peek at our email at dinner. We take our computers on vacation. We have trouble completely disconnecting from our business, simply because we are our business.

Flexible. As entrepreneurs, we have to roll with the punches. We must be flexible in the face of constantly changing technology, competition, and pricing, otherwise, we face extinction.

Visionary. We might not all be the visionaries Steve Jobs was, but we have our own creativity that we apply to our businesses. It’s this vision that inspires our staff to want to make the business better.

Communicators. We communicate all day long: on the phone, by email, and on social media. It comes naturally to us. If we have any shortfall in this area, it’s communicating to our staff, giving them pats on the back for jobs well done.

Easily Bored. I’m willing to bet part of the reason you started a business was that you got bored at your past jobs. You weren’t inspired enough. You quickly mastered tasks and then needed something else to engage you. Running your own business means you’re never bored because you can keep challenging yourself.

An Entrepreneur for Life. For those of us that are fortunate enough to sell a business in our lifetime, we won’t be done. Sure, we might try sailing around the world on the money we’ve made, but chances are, we will be unable to stay away from creating something new. We are, what you call, “Lifers!”

What characteristics of successful entrepreneurs do you identify with? Are there other characteristics you’d add?

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5 Marketing Tools I’m Grateful For https://www.corpnet.com/blog/5-marketing-tools-grateful/ Mon, 10 Nov 2014 16:00:56 +0000 /?p=10623 In honor of Thanksgiving this month, I wanted to share the marketing tools I'm loving right now. These are tools that you should check out, since they're free or extremely affordable, and help you do more in less time.

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In honor of Thanksgiving this month, I wanted to share the marketing tools I’m loving right now. These are tools that you should check out, since they’re free or extremely affordable, and help you do more in less time.

1. Canva

If you’re like me, you’re not visually talented. I can’t design an infographic to save my life. Nor do I have the budget to pay a designer to design one. I’m thrilled that I stumbled onto Canva. I assure you: you don’t need a drop of designer’s blood to create appealing images for blog posts, social media, your site, email, or whatever. To the left is an example I created for a client. Most images are free, but some are $1 each. Pretty impressive for 10 minutes and $1, eh?

2. Social Buzz Club

I’m lucky in that I meet a lot of people in the marketing industry. I was fortunate enough to meet Laura Rubinstein a few years ago. She’s the co-founder of Social Buzz Club, and once you hear about it, you’ll want access.

When I write content for me or my clients, I want it to get the widest exposure possible. So I log into Social Buzz Club and post a link. Other members can then get points for posting my content. But here’s why it works so well: I can only ask others to post my content if I post theirs and I have enough points. So it’s this amazing community of likeminded social influencers sharing one another’s content.

To this day, Social Buzz Club remains one of the top referrers of traffic to my site. There’s a free Basic account, but I spring for the Premium account for $197 a year. For that, I get more social accounts I can share with, and unlimited shares.

3. MailChimp

I like simple email marketing, and MailChimp delivers. Because I manage several accounts, including Egg’s and clients’, I like the fact that I can log in and then select which account I want to manage. The templates are easy to manage and update, and you can view how your email will look before sending it off.

I used to only use the free account, but upgraded recently so that I could get autoresponders set up for my free ebook download. I think I’m paying $20 a month (it’s based on the number of subscribers you have).

4. Google Drive

While not technically a marketing tool, I wouldn’t be able to survive without Google Drive. This is where I write posts for clients, and then share them for review. I work with a team of writers who can share their work and let me edit it online. I always hated emailing documents and then trying to keep track of which document was the most recently updated.

I got a new computer recently, and I made a conscious decision to keep nothing on my desktop. So I installed Drive for my computer and house all my documents there!

5. PRWeb

While I’ve gotten away from distributing as many press releases as I once did, I still love my old standby, PRWeb. The company, now owned by Vocus, makes sending press releases out a breeze. You can select what cities you want to focus your distribution in, as well as the industries. This targets which websites get your release, and helps your release get more reads. I also love the social sharing features on the release itself: anyone can click to share my releases on social sites lke Twitter and LinkedIn.

So these are the marketing tools I’m grateful for. What would you add to this list?

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Creating a Five-Year Business Plan https://www.corpnet.com/blog/creating-five-year-business-plan/ Fri, 14 Jun 2013 15:00:36 +0000 /?p=7729 It may be hard to envision what your company will look like in five years, but smart businesses at least try to project where they want to be in the future. Having a five-year business plan can help you create a vision of where you want to take your business.

Start with the End in Mind

Have you ever considered what your exit strategy is for your business? Meaning: will you sell it down the road? Transfer ownership to a family member? Run it until you die? Even if you can't imagine ever stopping what you're doing, consider the question. Maybe you'd like to move on to a different type of business in a few years. Knowing how long you'd like to run your business and how you'd like to exit can help you in creating your five-year business plan.

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It may be hard to envision what your company will look like in five years, but smart businesses at least try to project where they want to be in the future. Having a five-year business plan can help you create a vision of where you want to take your business.

Start with the End in Mind

Have you ever considered what your exit strategy is for your business? Meaning: will you sell it down the road? Transfer ownership to a family member? Run it until you die?

Even if you can’t imagine ever stopping what you’re doing, consider the question. Maybe you’d like to move on to a different type of business in a few years. Knowing how long you’d like to run your business and how you’d like to exit can help you in creating your five-year business plan.

Draft the Business Plan Basics

Every business plan should have the same elements, including:

  • Executive summary
  • Company overview
  • Marketing plan
  • Trends
  • Competition

Tweak as needed to encompass your big five-year picture. So while your company overview will paint a picture of where your company is today, include as well what you’d like to see it become. For example:

Egg Marketing & Communications is an Internet marketing company specializing in content marketing and social media. Within five years, we plan to expand into new areas of marketing services, as well as expand our team to include locations worldwide.

You can include your aspirations for your company throughout the plan.

Nothing’s Set in Stone

Realize that by putting on paper what you hope to achieve in five years, you’re not stuck with those goals. Things change. Technology creates new opportunities you can’t even imagine right now. Use your business plan as a guideline, but feel free to update it as needed.

Where to Be Specific, and Where to Be General

In a business plan, you want to be pretty specific in your goals (increase revenues by 30% year over year) but leave the “how” part a bit more general. If you lay out exactly how you want to achieve goals over such a long period, you limit yourself on how you can actually achieve them. You don’t know what opportunities will open up in the next few years, so it’s best to leave it a bit vague on how you want to get to the end result.

Go Beyond Five Years

While your business plan should focus on five years, don’t be shy about including a single page at the end of your plan with a brief overview of your 10 year goals (or even beyond!).  Your job as the business owner is to paint a big picture that your employees can believe in, long term.

Share Your Plan

Your business plan is meant to be read and shared. Give a copy to each employee so that he feels vested in your overall plan for the company. Share it with new hires. Ask for input to make it even better.


Ready to start your business today? CorpNet can help you incorporate your business online, and provide all of the necessary business filings and paperwork you need to launch your new business.

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How to Start a Cleaning Business https://www.corpnet.com/blog/start-cleaning-service/ Thu, 28 Feb 2013 16:00:18 +0000 /?p=6730 If you're looking to get into the cleaning business, there's plenty of opportunity to go around. In fact, the role of professional cleaning specialist is slated to be the fastest growing occupation for the next ten years. Whether you plan to buy an existing franchise cleaning service or go out on your on, there are a few things you need to take care of before you can start accepting clients.

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If you’re looking to start a cleaning business, there’s plenty of opportunities to go around. In fact, the role of professional cleaning specialist is slated to be the fastest growing occupation for the next ten years. Whether you plan to buy an existing franchise cleaning service or go out on your on, there are a few things you need to take care of before you can start accepting clients.

1. Get Licensed and Bonded

Whether you will be the sole cleaner of personal or commercial properties, or whether you plan to hire a team, you absolutely must be licensed and bonded. Your state may or may not require this, but doing so also helps you build confidence with customers. If they know you’ve gone to the effort to get a cleaning license and be bonded, they may feel they can trust you to do the work.

In the event that you don’t provide the services your client paid for, your bond will cover that expense for the client. Consider it peace of mind. Make sure you include your license number on any marketing collateral so that potential customers know you’re covered.

2. Get Insured

Another way to help clients feel comfortable with you working in their homes or offices is by getting liability insurance coverage. Should something get damaged or turn up missing, you won’t have to pay out of pocket. Your insurance will cover it.

3. Protect Your Personal Assets

Because it’s difficult to prove that you or an employee didn’t, for example, steal from a customer, you risk being sued should such a scenario arise. It’s wise to separate your personal assets from your business, which you can do by incorporating or becoming an LLC. Once you have your business as a separate entity, no one can seize your personal assets in case of a lawsuit.

4. Decide on Your Angle

Will you serve commercial, personal or both? Will you offer only eco-friendly cleaning products? How many cleaners will work on a given job? These are all components to consider before launching, as they’ll help position you in the market. If there are plenty of other “eco cleaners” in your area, maybe your special touch is that you also offer home organization. Find a way to stand out from everyone else.

5. Find Quality Employees

The cleaning business is notorious for high turnover, but clients like to have the same people come back to clean their homes or offices. Strive to find employees with experience in the industry who are committed to working for you for years to come. This helps build your brand and helps you connect with customers.

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How to Start a Construction Business https://www.corpnet.com/blog/start-construction-business/ Thu, 21 Feb 2013 16:00:47 +0000 /?p=6724 So you've decided to start a business in construction. Congrats! Despite the ebbs and flows of the real estate industry, there will always be work for you.

While you may have the basics of your business, such as who to hire and what to call your company, here are ten things you may not have considered.

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So you’ve decided to start a business in construction. Congrats! Despite the ebbs and flows of the real estate industry, there will always be work for you.

While you may have the basics of your business, such as who to hire and what to call your company, here are ten things you may not have considered.

1. Apply for Permits

Construction is a highly regulated industry, and to become a licensed construction provider, you’ll need to apply for a few building licenses and permits. Because you’re involved in so many areas when constructing a building, you may need permits for electrical, plumbing, HVAC, gas fitting, et cetera. Check with your local licensing bureau and make sure you take care of all of this before you start working on a project.

2. Get Insured

Construction is a dangerous industry, and you may be required to carry a hefty amount of insurance coverage for you, your staff, and your equipment, including:

  •  General liability insurance
  • Vehicle and property insurance
  • Workers’ compensation insurance
  • Unemployment and state disability insurance

3. Protect Your Company

Again– this is a dangerous industry, but not just physically. It’s also fiscally dangerous, meaning that if you don’t do a job to a client’s liking, he could sue you. And if you’re not set up as a corporation or LLC, that could jeopardize your personal assets. Start out on the right foot by separating your business self from your personal self.

4. Look into Surety Bonds

Some states require construction businesses to be bonded, which essentially means that a third party will pay your client if you don’t fulfill the requirements of your contract. It’s peace of mind for your clients, and don’t you want that?

5. Consider Becoming a Government Contractor

A lucrative area for construction is in government contracts. Because the government sets aside millions to spend with small businesses, you’ve got a good chance of securing bids…once you’re approved as a contractor.

Look to your city’s licensing agency and find out all the requirements you have in starting a construction business. Don’t start until everything’s processed and approved, or you risk being fined — or even shut down — before you really get started. Remember to stay on top of renewing your licenses and permits so that you’re always compliant with local regulations.

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Interview with CorpNet Co-Founder: Phil Akalp https://www.corpnet.com/blog/interview-with-corpnet-co-founder-phil-akalp/ Thu, 12 Jul 2012 11:16:51 +0000 /?p=4642 CorpNet celebrated its third birthday on July 1, 2011! We thought you might like to go behind the scenes to learn more about Phil Akalp, one of the founders of the company.

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Phil AkalpCorpNet celebrated its third birthday on July 1, 2012! We thought you might like to go behind the scenes to learn more about Phil Akalp, one of the founders of the company.

So Phil, CorpNet celebrated its third birthday on July 1. Congratulations! How does it feel being over the initial hump of launching the business, especially given that this is your second business?

Most people would probably be relieved; it’s stressful starting a new business.  For me, however, the “initial hump” is my favorite part of the rollercoaster ride!

How are you doing with the whole work/life balance thing? You see your wife every day at work. Do you often carry work home with you?

First and foremost, I love having a busy life – I thrive in it!  I’m always in motion and my life is colorful and eventful.  When there “downtime” finally arrives, I truly take notice, get grateful, and appreciate “wherever I’m at” and the fact that everything has “slowed down.”  …for a few minutes, anyway.

Balance…Balance …Balance.   “Balance is Key!”  My schedule literally starts at 5:30 each day until I “engage the Shutdown Sequence” at around 8 pm each night.  So, it’s critical to my sanity to keep things “compartmentalized.”  Sometimes, however, that creative – entrepreneurial spark flies in from nowhere ..  and it ignites into a full-fledged brainstorm.

Once, I was coaching my 8-year old’s soccer game when suddenly, I was struck with a great idea for a new service.  I ran off the field, mid-game, and dictated my thoughts and ideas into my iPhone.  Although the parents were a little confused, no one was injured during my “entrepreneurial seizure.”  Work is work, and home is home; and, it’s important to be “present” wherever I’m at.  But, as I just illustrated, it doesn’t always work out that way.

You’ve got a beautiful family with four children (including a teeny one!). What’s it like being Co-Founder at work and co-managing your household with your wife who is the CEO?

A lot of my friends will say things like “Happy Wife = Happy Life.”   And although I love seeing Nellie “Happy,” I’ve got a lot of input on how I want things done both at work AND at home.  I find that we are most effective when we take time out, regularly, to listen, discuss, plan and execute.

While the “execution” phase may happen separately in different locations or in a concerted effort together, the key is to be unified in our goals and aspirations.  This way, we’re moving in the same direction and growing TOGETHER!  Plus…this way, we never really run out of things to talk about.

My biggest fear for us:  I never want to be one of those couples, sitting at the dinner, each reading a different section of the newspaper with no words exchanged between each other.  I’m at my best when I’m interacting with someone who inspires me.  And Nellie … inspires me!

How has CorpNet grown since you started it three years ago? 

First, the company itself has grown in size and volume.  We started in the back room of our house with 4 desks and PCs.  When we moved CorpNet into an office park, my 10-year old somehow appropriated the back room as his personal Xbox arena; I’m still trying to figure out how that happened!?!

Today, only 3 years later, gross revenues and volume have grown about 20x.  We’re now barely fitting into our 2,500 sq ft. office…so we’re trying to throw technology, instead of “bodies,” at the growth issue.  Our core team here is super-experienced…so we’re able to provide EXCELLENT customer service at a very competitive price…but developing technology, affordably, that will support our core customer support team is critical to this goal.

This is your second company. How is it different from your first business? What lessons did you learn from that first company that change how you run CorpNet?

CorpNet is a lot smaller, lighter, and leaner than my former business… and, it has a cooler logo.  Plus, the CEO of CorpNet is so much better-looking…we thought branding my wife “Nellie” as the CEO and the face of CorpNet.com was a better move for us this time around since I was the CEO of our former company…in all candor, she is the one who runs the operations.

What’s next for CorpNet?

Although the public isn’t aware of the change, we recently released an entirely new foundation and framework underlying our live website!  So, although the front end “appears” to be the same, this new foundation will enable us to quickly and affordably develop and release new products and services that are unprecedented in our industry.  In other words, in the next 6 months, a lot of cool, new stuff is coming out at CorpNet – so Stay Tuned!

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