Creating a Plan
8 Ways to Pivot Your Business to Kickstart Growth
Every entrepreneur I know starts out with a strong conviction that their solution is a perfect match for their target market, and yet almost every one later admits a need to “pivot” before finding their…
Planning Principle: Do Only What You’ll Use
Efficient business in general means avoiding waste, doing only what has value. Therefore the right form for your business plan is the form that best serves your business purpose. Furthermore, for the vast majority of…
Startup Stats: How Your Startup Can Succeed
The perhaps not-so-shocking reality is that nine out of 10 new businesses fail. And yet, this statistic isn’t stopping new business growth. Why? Because even though the odds are against startups, success is attainable—if you…
Important Pitch Lesson: The Best Business Plans Change
My favorite moment in a recent business plan contest: The entrepreneurs put up a projected income slide. One of the judges commented that what was on the slide was different from what he saw in…
How to Take Your Idea from a Hobby to a Business
As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I recognize that entrepreneurs tend to substitute vision and passion for formal processes, but…
How Winning Startups Tackle Tough Growth Constraints
There is nothing wrong with growing your business by selling more of your solution to more people in more cities, states, and countries. That’s called organic growth, and everybody does it. But in my experience as…
7 Shortcuts That Can Kill a Startup Business
Starting a new business is not an informal process, and should never be treated like a hobby between friends. Unfortunately, as a startup advisor and angel investor, I’ve seen too many ventures with great potential…
4 Simple First Steps to Business Success
So you have taken the initial step: To make your business dreams, a reality. The next step would be to make your business stand out among the many new upcoming projects. Every project is the…
Successfully Launch a New Product with Practical Strategies
If you’re planning to launch a new product, you have to keep many different factors in mind. It obviously helps to have a great product, but there’s a lot more to it than that. You…
Starting a Retail Business: What You Need to Know
Opening a clothing store, or any store for that matter, might be your goal or your dream and it is certainly an attainable one with the right execution. Knowing how to do it and how…
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