One sad fact in our capitalistic world is that funding for many worthwhile efforts is often difficult to obtain if there is not a direct profit opportunity to be had. Non-profit’s and local community leaders need special assistance, especially in developing countries, to gain access to appropriate resources of capital devoted to their respective purposes. [...]
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Yesterday I was sent a link to a study on women owned businesses. While some of the data is a few years out of date, I was caught by this particular piece of information: In 2004, Women owned 10.6 million businesses in the United States. They employed 19.1 million workers–that’s one in every seven employees [...]
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“I’ve got a great idea for a business, but I don’t have any money to get it started! Where can I get money from the government or find investors to help me start my business?” If I had a dime for every time I’ve been asked this question, I’d be wealthy enough to establish my [...]
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As a fledgling entrepreneur in the midst of a growing startup, I try to read quite a lot around the subject. I’ve been deeply involved in startup culture for around two years now and I often find myself reflecting on my learning and relating it back to articles I have previously read. Recently this happened [...]
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I’ve been working with the team at Palo Alto Software on a series of videos to help you with business planning. This video is about hiring a business plan writer (or not) to help with business planning. What do you think about my advice on hiring a consultant to help with business planning. By the [...]
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Talking about starting a business? Before you start the talking, identify yourself and your business on this scale. It makes a huge difference. Try to choose one of three possible choices, the one that most applies to you and your business. Just get going: you don’t need anybody’s approval except possibly your first customer or [...]
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One of the main challenges entrepreneurs face is gaining market acceptance or traction i.e. custom in sufficient volumes to transition to profitability. If they are not getting traction after one month of operations, entrepreneurs need to quickly assess what they need to do to fix matters. Increasingly this means they need to be extremely flexible [...]
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