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 [...]
Starting a Business
Congrats to Michigan for its #1 showing here among grad schools for entrepreneurship.
Companies like Facebook and Google are known for the extraordinary benefits they offer employees. Although you may not have that kind of budget, you can get just as creative—for less.
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 [...]
Looking at the two options side by side without any particular industry or business in mind, I’ll always think of an LLC as the better choice for these three reasons.
Believe it or not, there are major corporations out there willing to advise you (for free) as you start your new business. Why? Because if you’re successful, you’re likely to be a loyal, lifetime customer.
Coming up with great ideas is easy. It’s putting those ideas into action that’s difficult.
Drunk driving is a problem. But in the moment that it’s most preventable—when an intoxicated person leaves a bar or restaurant to drive home in their car—there is no easy or obvious solution. That’s where RIDE comes in.
So you’re starting a business…Great! But most likely you don’t start a business before thinking about it and doing some research. Did you know that you can get deductions for “startup” and “organizational” expenses related to thinking about starting a business? You do have to go on to actually start the business and earn money, [...]
So you have an amazing idea, and you’ve told your friends, family and business acquaintances about it and they to think it has potential. What do you do next?