Consider your core. It is the one skill, process or advantage you have over your competition. Then think of all the things you do to surround that core with people and assets that complete your company and allow you to release your product or perform your service. Which of your IP assets is your core? […]
Creating a Plan
10 Business Plan Tips Too Many Entrepreneurs Forget
If you want people to invest in your idea, then my best advice is first write a business plan, and keep it simple. Don’t confuse your business plan with a doctoral thesis or the back of a napkin. Keep the wording and formatting straightforward, and keep the plan short. For minimum content, see my original […]
Here’s How NOT to Define Your Competition
We investors see this all the time. An entrepreneur pitches using a deck with no slide for competition. When asked (as we always do) the response is, “This is new. We have no competition.” Niet! No! Unh unh. Professional investors laugh when they hear an entrepreneur come out with that one. That statement has killed more […]
3 Business Plan Critical Factors
What matters most for a business plan? When somebody asked on Quora what are the critical factors of a business plan, I came up with these three business plan critical factors: Does it achieve its business goal? Form follows function; does it achieve its business goal? Measure a business plan by its results, and nothing else. You […]
How to Launch a Warehouse Management Business
The success of shared office spaces in recent years has spawned similar business models in other industries, as well. There are a number of businesses today offering shared spaces for stylists, attorneys and accountants, just to name a few. One industry where shared space is extremely common is warehousing. The reason shared warehouses are so […]
A Beautiful Mind: How New Psychiatrists Can Develop a Successful Practice
The moment you got your M.D. degree in Psychiatry, you probably made a promise to yourself to give every person who walks into your office the best care possible. As a doctor for mental health, it is your duty to help people address their most internal challenges. Seeing your patients flourish because of the care […]
How to Find a Small Business for Sale
For business-savvy individuals who are tired of working for someone else, buying a small business can represent an opportunity to achieve freedom and financial independence. But before you can own a business, you have to know where to look for one. Four Ways to Find a Company That’s for Sale Buying a firm isn’t really […]
5 Keys to Starting a New Venture in Your Local Town
From the advice I hear these days, if you want to be a successful entrepreneur, you need to be in Silicon Valley, Boston, New York, or one of the few other financial hubs around the world. What does that mean for the rest of us, who reside or grew up in the thousands of small […]
Why You Should Invest in a Hotel in 2019
The hotel industry can be a profitable business venture even for first-time investors! They can be a particularly attractive proposition in some specific market segments, like boutique hotels. If one of your goals for the new year is to explore potential business opportunities, now is a great time to consider the US hotel industry sector. […]
Why You Should Invest in a Hotel in 2019
The hotel industry can be a profitable business venture even for first-time investors! They can be a particularly attractive proposition in some specific market segments, like boutique hotels. If one of your goals for the new year is to explore potential business opportunities, now is a great time to consider the US hotel industry sector. […]
