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CNBC
If you're an aspiring entrepreneur or small business owner, Warren Buffett wants you to do something tomorrow morning. "Tomorrow morning, when you look in the mirror after you've gotten up, just write — put it in lipstick or whatever you want on the mirror — just put 'delight my customer,'" Buffett said at Goldman Sachs' 10,000 Small Businesses panel event at LaGuardia Community College. The phrase is not "satisfy my customer," Buffett clarified.
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The New York Times
It’s no secret that banks are hesitant to lend to small business owners with unproven ideas, and when banks do lend, they are usually pretty conservative. "When the business owner wants to establish that second practice, but there isn’t enough cash flow coming from the first location to finance that build-out, we’ll say not now," said Noreen Bishop, senior vice president and regional executive for Chase Business Banking. “If the second location will put that business owner and the first location at risk, we’ll say let’s give it one more year.”
And that may be sound advice.
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Small Business Trends
Building a successful business isn't about achieving success quickly. It's about building success that will actually last. To learn some strategies for building long-lasting business success, check out the tips from members of our small business community below.
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Forbes
Microsoft is spending $26.2 billion in cash to expand its professional network. The company announced that it was buying LinkedIn LNKD +46.86% for $26.2 billion in an all-cash transaction, and that the social network for professionals would "retain its distinct brand, culture and independence."
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Business.com
Think you are still too young to plan for retirement? If you are an entrepreneur, you definitely know that your journey is no less than an adventure that is both risky and thrilling. Secure your financial future with a solid retirement plan that will ensure that you retire richer and happier.
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Entrepreneur
Turning a house into a home can be stressful, especially when you are trying to match your surroundings with the beautiful designs in magazines, online and posted on various Pinterest boards. On top of that, a plethora of choices, logistics and deadlines can turn the whole experience of remodeling, a more than $300 billion industry in and of itself, into a giant headache. Enter Houzz.
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The Buffalo News
Michele Krienbuhl surrounds herself with things she has a passion for in her boutique, Michele's Motif at 72 Webster St. The gift shop is filled with handmade jewelry, one-of-a-kind purses and dresses and locally made gift items. But the bright pink walls of her store also surround you in compassion. A gift shop that is all about giving. Krienbuhl, 56, donates a percentage of her proceeds to the Ride for Roswell and has been riding her bike in the event for the past 17 years.
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Entrepreneur
In 1954, before Sir Roger Bannister became the first man in recorded history to run a mile in under four minutes, most people thought it was impossible. Bannister's record was short lived. Just 46 days later, rival John Landy beat his time. Many attribute Landy's success to the newfound belief that it could actually be done. In other words, what we feel we can influence impacts what we actually do influence. While this concept is often applied to individual goals — encouraging people to visualize their success — what's given less attention is how it plays out on a larger scale; how unchallenged mindsets shape entire organizations, industries and cultures.
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