7 Myths You Probably Believe About Successful Entrepreneurs

I spend a large percentage of my time connecting entrepreneurs with companies trying to solve wicked problems. So I get a kick out of some of the most common misperceptions I hear about people who start their own companies. Here are some common myths along with the truths about entrepreneurs and what actually makes them…

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The ABC of Selling

I learned the ABC of selling from a vacuum cleaner salesman. What he said was, “Always Be Ready To Close The Deal.” I call it the ABCD of selling… Always Be Ready To Close The Deal! The ABC Of Selling While some may think that the ABC of selling means you are always ready to ask for the close,…

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Building a Successful Business is Harder without Trust

It probably goes without saying that without trust in your partners, your employees, or the people you rely on for parts or supplies, building a business is exponentially more difficult. As a small business owner, I’ve had partners I trusted, partners I’ve respected, and one or two who lost my trust. So when Lynda Bekore…

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Financial Freedom is Not Just About Wealth

What does financial freedom mean to you? Is it the ability to work less so you can play more? The freedom to do what you want, when you want? Or just not having to worry about your finances. Financial freedom is all of these things and more. It’s the holy grail of financial situations. It…

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10 Most Common High Tech Business Plan Fails

I was asked about high-tech business plan fails on Quora recently. So this isn’t about lean plans for all business owners, but just the business plans submitted for angel investment and business plan competitions. I read about 100 of those business plans per year. So here’s my list of high-tech business plan fails: Naive profits. Drives me…

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5 Steps to a Compelling Story for Business Proposals

If you are proposing a merger or acquisition, or simply seeking an investor for your business, the process is the same. You have to put together a convincing story of a win-win opportunity for both sides. This may seem intuitively obvious, but as an angel investor, I have heard hundreds of new business pitches that…

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There’s No Second Chance to Create First Quality

Let me illustrate this insight with a personal story. As my enterprise computer software company which produced innovative lodging systems for hotels and resorts grew quickly, we found ourselves straining to keep up with the hiring and training of good customer support representatives, a critical part of the equation then and still so today in…

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Best Ways to Research Before Buying a Franchise

Buying a franchise is a big decision. Since this decision will be one of the largest you will most likely ever make, you will want to consider the fact that a successful franchise, with a proven record of success, could serve as a shortcut towards creating the successful business you desire. Buying a franchise is…

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