It’s also called your secret sauce, and sometimes your competitive edge. Your differentiator is what makes you different from your competitors.
I found this list in a very good post from Charlie O’Donnell on his blog This is going to be BIG. I don’t know him, and I didn’t know his site, but on digging I discover he has done time with Union Square Ventures, teaches entrepreneurship and practices what he preaches with a couple of [...]
Every year around this time I look forward to Steve King’s small business trends for the next year.
The TV show “Shark Tank” has a lot in common with the normal flow of angel investment. These are the five key lessons to take away from it.
These are highlights from last week’s podcast interview of Fran Tarkenton by Stephen Lahey on Small Business Talent. These are direct quotes: When your mission is to help people, you’ve got a sustainable business plan because the byproduct of that is that they will do business with you and they will find your products and services valuable and they will pay [...]
This is my answer to a Quora question, What are good ways to turn a business idea into a business plan?: Think of a business plan as a collection of interconnected modules. There’s strategy, market, milestones, tasks, measurement, review schedule, projected sales, costs, expenses … some people like verbiage, some prefer just the core concrete [...]
Here’s a great update: It’s almost two years now since I posted Tell Your Story Well, on my main blog here at Bplans, recommending Nancy Duarte’s brilliant book Resonate. Nancy recently optimized that book for interactive multi-media use, and posted it entirely free. And that’s a real gift. I wrote in that post: If you ever [...]
Congrats to Michigan for its #1 showing here among grad schools for entrepreneurship.
I like the premise of Barbara Weltman’s new book Smooth Failing: learning from failure and mistakes. One problem in the world of entrepreneurship is the way we celebrate successes and hide failures.
I received this question in an email: What is the average return for a business investor and what are the typical terms of the return? For example, if a complete stranger wants to invest $50,000 in our company (at start up), what would most investors ask in return? The question reminds me that most of the [...]