What is an Entrepreneur? What does it Take
If you are an aspiring entrepreneur or are thinking of becoming one know that it takes a lot of hard work and dedication to succeed. You have to learn about a variety of topics such as accounting, marketing, business laws and human resources. Not to mention simply running the day to day of your business. Furthermore, it's important to understand the different sides of being an entrepreneur and how to manage them effectively. As a new business owner, you will need to know the best practices for each area in order to be successful.
I have put together a few of the many facets (sides) we feel being an entrepreneur entails. Looking at your business and yourself as a diamond, if you want it to shine at it's best you can not just polish one of its facets (sides).
What is an Entrepreneur?
An Entrepreneur is an individual who identifies opportunities, evaluates available resources and takes action to organize and manage business resources in order to create a desired outcome. This individual must possess the skills for analyzing market and business opportunities, creating value propositions, identifying potential customers, developing pricing strategies, understanding legal requirements and managing operations.
Generally, they assume the financial risk associated with their endeavors in order to reap potential rewards. They are typically characterized by their propensity for calculated risk-taking, creativity, ambition, innovation, resourcefulness and self-reliance. Hence the reason I stated to look at your business and yourself as a diamond that needs shining by polishing all sides.
Accounting: Understanding the Basics
Business Accounting: Understanding the Basics is an important fundamental for any organization, as it provides a comprehensive overview of the financial activities involved in operating a business. It involves aspects such as asset and liability tracking, development of financial statements, budgeting, and cost-benefit analysis. This knowledge is essential to ensure that financial decisions are made with accuracy and efficacy. Additionally, proper accounting may be used to reduce tax liabilities and maximize profits by utilizing available deductions and other tax strategies.
Marketing: Harnessing the Power
Marketing is the practice of influencing consumer behavior through strategic communication. The power of digital, radio, and print media can be harnessed to create a comprehensive marketing strategy that engages with consumers across platforms. Digital media has revolutionized the marketing landscape, offering unprecedented access to engaged audiences worldwide. Radio and print media remain important channels for targeting local markets or niche demographics.
Business Laws: Following Protocols
Business laws are an essential component of any corporation's or business functioning, as they provide a framework for corporate activities to occur within that is in compliance with both state and federal regulations. These statutes enable organizations to ensure efficient operations, while also protecting the interests of stakeholders and consumers. Strict adherence to these legal mandates is crucial for businesses to remain compliant and to avoid penalties or litigation. Consequently, protocols must be established by corporations to ensure that all corporate operations are conducted in accordance with relevant business laws.
Human Resources: Recruiting & Retaining Employees
Human Resources is a strategic component of an organization that plays a critical role in developing and executing initiatives related to the recruitment and retention of employees. The primary objective of HR when it comes to recruitment is to ensure that the organization is able to identify, attract, and retain high-caliber individuals who are in line with the company’s mission and values. Through effective recruiting activities, HR teams can provide organizations with access to a wider talent pool and improved diversity.
Learn to Delegate: The Hardest thing for New Entrepreneurs
The ability to delegate tasks as a new entrepreneur is among the most challenging hurdles to overcome. This can be attributed to the fact that as a novice business owner, it is difficult to relinquish control of certain aspects of operations and trust in the delegation process. Effectively leveraging delegation requires an understanding of the basic principles underpinning its application. Such principles include clearly delineating tasks, clearly defining expectations, and establishing meaningful accountability measures.
Best Practices for a New Entrepreneur
In order to ensure success as a new entrepreneur, it is essential to identify personal weaknesses and then work to improve them through best practices. This might include developing a more comprehensive knowledge of the industry, improving communication skills, gaining greater insight into customer needs, or refining marketing skills. As such, best practices for new entrepreneurs involve taking an honest look at personal areas of deficiency and creating plans of action that can be utilized to enhance one's proficiencies in these domains.
In conclusion
Being an entrepreneur is undoubtedly challenging but with the right mindset and a balanced approach, it can be highly rewarding. It is important to recognize when you are overworking and take regular breaks, set goals for yourself, manage finances effectively and network regularly.
Taking time out of your schedule to look after yourself will help you stay energised and motivated. Lastly, never forget that everyone has their own journey and learning from others’ successes and mistakes can help you overcome any obstacles along the way.
With the right amount of dedication and hard work, being an entrepreneur can offer a unique opportunity to turn your dreams into reality. So take heart; don't be afraid to take the plunge into entrepreneurship if your dreams are knocking at heart!
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As any organization grows, it is important to take a step back and assess how things are running. Are we on strategy? Is our process flow efficient? Do we have the right people in the right roles? Do we need to make any changes in order to continue scaling effectively? These are all important questions to ask oneself in order to course correct where necessary. By asking these tough questions, we can make sure that we are always moving forward and improving as an organization. Additionally, it allows us to identify any potential roadblocks before they become actual problems. So if you're feeling stuck, ask yourself these questions and see where you can make some improvements.
- What are some of the ways you've automated your business?
- How have you been able to reduce the amount of time you spend on administrative tasks?
- What tools do you use to manage your workflow?
- What systems have you put in place to ensure that your work is done efficiently and accurately?
- How do you handle errors or unexpected problems in your workflow?
#LucidTrac is always here to answer any questions you may have. We have a strategy and process flow for every situation. Our goal is to provide the best possible service for our clients. We are here to help you every step of the way. If you have any questions, please don't hesitate to contact us. Thank you for choosing #LucidTrac!
So, Why Our Platform LucidTrac?
LucidTrac ERP Suite is on the cutting edge of technology, delivering a cloud based customer relationship management software that is second to none. Our software is designed to be flexible and meet the needs of most businesses.
With LucidTrac ERP Suite, managing your customers, support & help desk, billing and project management needs is easy and straightforward. We are proud of our application and its ability to be molded to fit most any business needs. Our software can make managing your customers, support & help desk, billing and project management needs a snap. Contact us today for a free demonstration and see for yourself how LucidTrac ERP Suite can benefit your business.
Unlimited Users
#LucidTrac is an all-in-one ERP/SaaS/CRM service that offers powerful features like Click to Call, SMS Support, Service Ticketing, Email Marketing, Inventory & Asset Tracking, Network & IP Host Support, and much more.
Best of all, when you own a #LucidTrac Node you get all of these features for your node users! That's right, unlimited users for as long as you run a #LucidTrac Node. So if you're in need of a powerful and feature-rich ERP/SaaS/CRM service, be sure to check out #LucidTrac. You won't be disappointed!
Reach out to #LucidTrac today to get a demo of our platform. https://lcdtrc.link/0z4davu
Note that having unlimited user accounts doesn't mean that every feature included has unlimited use. Some features, such as premium voice/sms/mms services, additional DIDs or additional storage, require monthly service usage payments. Overall, it is important to be aware of the different types of charges that may be associated with using a particular service in order to avoid any unexpected costs.
So, What Can LucidTrac *Replace?
CRMS | SERVICES & TICKETING | PROJECTS & COMPLIANCE |
Salesforce HubSpot SugarCRM Zoho CRM | ZenDesk FreshDesk | Monday FreshWorks LeadPages PipeDrive |
COMMUNICATIONS | INVOICING / ACCOUNTING | ORG MANAGEMENT |
Constant Contact MailChimp Slack Vonage Ring Central Zapier | Rocket Collector Quickbooks Cloud* | DocuSign LeadPages PipeDrive Calendly Fishbowl NetSuite ERP Atera |
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LUCIDTRAC ENTREPRENEUR NODE
The Entrepreneur Node includes our entire suite of online tools including collaboration tools to facilitate communication between your customers and team members. This solution is ideal for either a single person company or a small group of up to three.
We know every business is different and while some may be small like Cessna with minimal requirements and moving parts to fly, others might be huge with many moving parts like a 747 passenger plane. We are proud to say we can be both, starting small with minimal tools enabled while growing with you as your business needs and services expand. You will not have to search for new services to help fill the gaps. Our platform will grow with you and provide you with all the tools you might need to achieve your goals as a business.
"We understand that many entrepreneurs don't have the resources or infrastructure to invest in large enterprise resource planning systems," said LucidTrac CEO Victor Ocasio.
- GB Disk Space
- 1 Communications DID
With this you can take and make phone calls, send SMS/MMS notices right from our platform. You will also have access to our Click to Call features to keep your mobile number protected. Listen to your calls and receive voicemails through your automated call routing system. You can pick the area code your # comes from too so you can brand yourself locally.Some features, such as voice/sms/mms services, additional DIDs or additional node storage, require monthly service usage payments. Overall, it is important to be aware of the different types of charges that may be associated with using a particular service in order to avoid any unexpected costs. We will provide an itemized usage report available in real time via the platform.
- 1 User Account
You can add up to 2 more team members for an additional $39.99/e. Any additional users after that you will require an upgrade to our BASE Node shown below.
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1 LucidTrac subdomain
We will provide you a custom URL https://YOURURL.lucidtrac.com or https://YOURURL.lucidtrac.io no multi threading
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All LucidTrac features available to you.
We will enable all ERP features leaving nothing but the true power of our software in you or your teams hands.
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24 Hour Email Support Plus 1 Hour per month of personalize training & support
Our team is here for you at all aspects of your journey. We will provide 1 hour per month of free 1 on 1 support or training for you and your team. You can also purchase additional time from us at 1 - 8 hour periods of time. Ask our team for more information on the costs and how to get additional training & support.
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Access to Private LucidTrac Learn & Blog Content
Our team will provide you with with resources and documentation to help you grow as a business. This will include private Blog & LucidTrac Learn documentation.
LUCIDTRAC BASE NODE
- 500GB Disk Space
- 1 Communications DID
- Unlimited User Accounts
- 3 LucidTrac subdomain 3x multi threading
LUCIDTRAC MID NODE
- 1000GB Disk Space
- 3 Communications DID
- Unlimited User Accounts
- 5 LucidTrac subdomains 5x multi threading
LUCIDTRAC CADILLAC NODE
- 1000GB Disk Space
- 6 Communications DID
- Unlimited User Accounts
- 10 LucidTrac subdomains 10x multi threading
- Whitelabling Included Branding LucidTrac as your Own
LUCIDTRAC MOON BASE NODE
- 4000GB Disk Space
- 20 Communications DID
- Unlimited User Accounts
- 20 LucidTrac subdomains 20x multi threading
- Whitelabling Included Branding LucidTrac as your Own
Compare LucidTrac to other online platforms
To help you get a better understanding of your needs by comparing LucidTrac to other online ERP / SaaS platforms.
LucidTrac offers a comprehensive solution to streamline all of your business operations.
With its fully customizable features, LucidTrac allows you to tailor the platform to meet the specific needs of your business.

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SherpaDesk CRM
Comparing Feature | LucidTrac | Zoho CRM | Zendesk CRM | Freshdesk CRM | Salesforce CRM | Monday CRM | HubSpot CRM | Keap CRM | Sugar CRM | SherpaDesk CRM |
Price | $300 Unlimited Users | $49 Avg/Per User | $149 Avg/Per User | $109 Avg/Per User | $125 Avg/Per User | $99 Avg/Per User | $99 Avg/Per User | $49 Avg/Per User | $45 Avg/Per User | $49 Avg/Per User |
Free Trial | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Support 24/7 | Yes | Yes | No | No | No | No | No | No | No | No |
Developer API | Yes | Yes | No | Yes | No | No | No | No | No | Yes |
Dashboards | Yes | Yes | No | Yes | No | Yes | No | No | Yes | No |
To-Dos | Yes | Yes | No | Yes | No | Yes | No | No | Yes | Yes |
Products & Assets | Yes | Yes | No | Yes | No | Yes | No | No | Yes | Yes |
User Roles | Yes | Yes | No | Yes | No | Yes | No | No | Yes | No |
2FA (Two-Factor Authentication) | Yes | Yes | No | Yes | No | Yes | No | No | Yes | No |
Multi Method Importing | Yes | Yes | No | No | No | Yes | No | No | No | No |
Documents & Templates | Yes | No | No | No | No | No | No | No | No | No |
iOS/Android Apps | Yes | Yes | No | No | No | No | No | No | No | Yes |
Statistics & Reporting | Yes | Yes | No | Yes | No | No | No | No | No | Yes |
Storage | 500G Base Node | 1G | 1G | 1G | 1G | 1G | 1G | 1G | 1G | - |
Monthly Payments | Yes | Yes | No | Yes | No | No | No | No | No | Yes |
Campaigns | Yes | Yes | No | Yes | No | No | No | No | No | No |
Exporting Services | Yes | Yes | Yes | Yes | No | No | Yes | No | Yes | No |
Emailing | Yes | Yes | No | Yes | No | No | No | No | No | No |
SMS Inbound/Outbound | Yes | Yes | No | Yes | No | No | No | No | No | No |
Voice Calling Inbound/Outbound | Yes | Yes | No | Yes | No | No | No | No | No | No |
IVR Services | Yes | Yes | No | Yes | No | No | No | No | No | No |
Google Calendar/Authentication | Yes | Yes | No | Yes | No | No | No | No | No | No |
Service Tickets / Time Tracking | Yes | Yes | No | Yes | No | No | No | No | No | Yes |
Email to Service Ticket Services | Yes | Yes | yes | Yes | No | No | No | No | No | Yes |
Time Clock / Payroll Exporting | Yes | No | No | No | No | No | No | No | No | No |
Networking / IP & Host Management | Yes | No | No | No | No | No | No | No | No | No |
Web Forms / Landing Pages | Yes | Yes | No | Yes | No | No | Yes | No | No | No |
Invoice/Payment Collections Tools | Yes | No | No | No | No | No | No | No | No | No |
Customized Programming | Yes | No | No | No | No | No | No | No | No | No |

Mr. Kevin Johnson
BlueSpruce Consulting Services, LLC.

Mr. Craig Stonaha
CEO Laughing Rock Technologies, LLC.
John Adams
President/CEO - RDI

Dennis Canlas
USCR
Brian Gomez
Gomez Check Cashing

Mr. Michael Graziano
Prime Time Mortgage Corp.

Mr. Nicholas Tannous
NWT Enterprises Ltd - San Juan, Trinidad and Tobago

Mrs. Cynthia Garrett
Berks ENT - Reading PA