It’s the question that everybody starting a small business asks. Do I need outside funding or can I bootstrap my business. If I do need funding, what kind do I need, and how to I get it? Most businesses are actually financed by home equity or private savings. Attracting venture capital or angel investors is [...]
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Every year, the folks at Entrepreneur Magazine name an Entrepreneur of the Year. They’re looking for a person who makes a positive impact and improves their industry, employees, and community with a combination of ideas, leadership, and vision. The deadline for entries this year is June 15, so you’ve got plenty of time to enter [...]
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Fundraising is one of the most vital aspects of any organization. Whether you need money for an educational, scientific, philanthropic, creative, or business-related cause, comprehensive knowledge of how and where to solicit funds is essential. WeDidIt helps nonprofit organizations raise money through engaging crowdfunding campaigns. But for the past twelve months, we’ve been coming at [...]
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If you’ve never been to a business plan competition or angel conference, you really should try to find one to attend. They’re excellent networking events and great opportunities to see what other entrepreneurs are up to. But more importantly, they give you the rare chance to hear what potential investors like and don’t like about [...]
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In product design, mistakes are costly, and the longer it takes to discover a problem, the more costly it becomes. I came across an article written by Dr. David M. Anderson about Design for Manufacturability where he talks about “The Rule of 10“. He claims that it costs 10 times more to find and repair a defect [...]
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When asked what’s the most important thing to a website owner for building their site, often the response revolves around ad revenues or social media management tools. But both of these answers ignore the most fundamental part of ensuring long-term growth: trust between the site and the visitors. Without trust, why should readers return? [...]
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All companies have their own way of going about meetings. In some cases, businesses have the employees in their different departments meet on a regular basis in order to make sure everything is in order, people are handling their individual responsibilities, and any and all questions can be asked and hopefully answered. In other instances, [...]
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The BusinessMakers Show will broadcast an interview with Palo Alto Software founder and president, Tim Berry, on Saturday, May 12. Tim will share his experiences and expertise on business planning as well as his personal experiences as an entrepreneur. The discussion will also look at the importance of succession planning, recounting Tim’s transfer of management [...]
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It’s never easy to leave a stable job to launch a startup. But sometimes circumstances align and a budding entrepreneur just knows that the time is right to make the leap. Sulaiman Sanni and his partner Ben Lamson were both working for Meltwater Group, a large, well known Software as a Service company, Su as [...]
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It’s not about taxes or any public policy, or economic statistics, or red tape. The right time to start your new business is … When you think you can… When you’re pretty sure people will buy what you want to sell… When you understand the market… You know why people might make purchasing decisions, and [...]
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