It’s an excellent time to start a delivery business, but those entrepreneurs who don’t have a solid game plan to rely upon will quickly discover that the market eagerly devours companies that don’t have a robust strategy to guide them. Staring a delivery business is no small feat, and while it’s an incredibly alluring opportunity […]
Creating a Plan
Do Those Summaries. Use Those Frameworks. But Don’t Think They Replace Business Planning.
There is some bad advice floating around in the startup world. Useful as the Lean Canvas is, and despite some well-intentioned suggestions of summaries, those are not business plans. They don’t deal with the drivers and components of cash flow. They don’t set milestones, metrics, and tracking. You can’t run a business with them. And […]
5 Questions to Qualify Advisors for Your New Venture
Every startup needs a couple of advisors with deep experience and connections in your business domain or financial skills to complement your technical focus. Advisors need to be mentors, looking ahead and directing you on key actions to take or avoid. Unfortunately, many prefer the role of critic, looking backward to highlight your mistakes. These […]
Build a Business Based on Your Love of Travel
The idea of building a business based on a passion appeals to many. If you have something that already drives you to want to do more, it can be a great way to push yourself in business. Travel lovers often want to explore the idea of using their passion to build a business, especially if […]
10 Prevailing Myths of Business Ownership
I was asked about common myths of business ownership that people still believe in 2019. I came up with a list of 10 common myths. Do you agree? That the business idea matters. As if ownership ought to depend on having the big idea. As if people steal ideas, or that’s even possible, much less […]
Putting Your Company’s Purpose First to Help Create Positive Impact
Most companies are born in a vacuum, from the space where a creator and a maker saw a need out in the world and took the many steps needed to fulfill it. But as time passes, spreadsheets and the bottom line can obscure the original intention, and that same company can lose sight of its […]
How to Get Ahead as a Startup Business
The ever-shifting landscape of business can be equal parts satisfying and unpredictable. For most businesses out there, success almost entirely depends upon experience in the field, but most startup owners do not have years of experience under their belt. It is the reason why so many businesses end up failing to achieve their goals, as […]
Best Practice Examples: How a Gun Writer Started a Successful Business
A few years ago, a young gun writer—we’ll call him Josh—was making a decent bit of money writing for various firearms publications. But he had a problem: He’d hit a bit of a wall in terms of income growth. It was difficult to increase his rates much more. And he was pretty much maxed out […]
4 Steps You May Have Missed in Your Startup
Nowadays, it’s easier than ever to build a business. The internet is not only a resource for countless articles and how-to lists that can teach you all about running a new enterprise, but it can also function as a way to spread the word about your business or even do business. You can become a […]
3 Best Investments to Create a Passive Income
Most young professionals dream of fantastic ways of receiving an extra income without having to actually invest ongoing efforts. While there are certain investments that will help you create a passive income, you will also need to invest minimal time for monitoring investment growth and any potential loss. Whether you are hoping to start small […]
