Coming up with a great idea is the easy part. It is the execution of bringing your idea to market that is the hard part. I have run into many clients who have a great idea, around which they want to build a business. When I mention that they can license the product to a […]
Being an Inventor Does Not Make You an Entrepreneur Read More »
When I worked in a corporate job I worked very hard and often had to put in extra hours to complete projects. However, when I left the office, I pretty much-left work behind. I had the time to coach soccer, go on vacations, and, overall, remain engaged in all aspects of the family. Family time
Business Ownership Changes the Entire Family Read More »
Many would-be entrepreneurs think in terms of full-time employment, either from a job or through a business they own. Eighty percent of businesses are considered non-employer businesses according to the Small Business Administration (SBA). Many start out as part-time efforts. Some progress into full-time businesses with employees, but many are simply businesses designed to supplement
Learn To Supplement Your Income Before Taking The Plunge Read More »
For the entrepreneur, the division between personal and business life is virtually nonexistent. Running a small business requires a significant commitment of time and energy; time and energy that might otherwise be devoted to one’s family and other interests, but is instead spent on the business. If an entrepreneur has family members who underestimate the
Something Never Taught in an MBA Program Read More »
I’m often asked “Do I really need a business plan even if I don’t need a bank loan?” My response is sometimes“Yes” and some other times “No” One thing is for certain, it is not the destination that is important when it comes to writing a business plan, but the journey you take in writing
Do You Need a Business Plan? Read More »
There are 5 things every start-up needs if it wants to be successful. The following list is presented in order of importance:
5 Things Every Start-Up Needs Read More »
When asked what is your entrepreneurial driver, most people have a rather vague answer. Here are the most common reasons I have heard.
What is Your Entrepreneurial Driver? Read More »
All too often the entrepreneur has a grand vision of how his product should look and how it should work. After spending way too many hours and too many dollars to get the product just right before its debut, when finally introduced the product falls flat. Sometimes assumptions that went into the original design were
Ride The Wave, Don’t Build The Ocean Read More »
Start-ups take time to reach profitability. Sometimes it may only take a few months, other times a few years, and in many cases, it will never happen. Every business needs to understand just how long their path to profits is before they commit to starting a business. They need to make sure they have access
Do You Know The Path to Profitability? Read More »
