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Creating a Plan
Entrepreneurs Should Rollout Local But Plan Global
New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally, and act locally, from day one. This approach, popularly known as “glocalization,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate.
Create a Business Plan
When people plan a road trip, they generally like to map out in advance where they would like to go, how much time they will spend, etc. For entrepreneurs, a business plan provides a road map or where you want your business to go.
How to Get Startup Ideas by Interviewing Customers
The first step in building a product people love is to identify a problem that some group of people have. Solutions to clearly defined customer pain points make for the most compelling value propositions. You don’t need to start with a “startup idea.”
Accurate Assumptions Lead to Defendable Plans
The biggest error in planning may not be spreadsheet calculation error. Or cost estimation. It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan.
Entrepreneurial Lessons from Detroit
Guaranteed lifelong employment and the comfortable pensions enjoyed by our parents and grandparents are rapidly becoming a thing of the past. The once-risky path of entrepreneurship seems increasingly less fraught with peril when compared with the ever-present prospect of layoffs faced by regular employees.
Entrepreneurs Dot No Easily Retire
So you’ve successfully sold your business and have received enough money from the sale to become financially independent, no longer having to work for a living.
How to Outline Your Business Plan
A business plan outline is designed to take the stress out of writing your plan. Yes, every small business should have a plan. If you don’t, it’s like trying to drive to an unknown destination without a road map. It’s highly unlikely you’ll get there in one piece.
How to Take Your Philanthropic Passion and Turn It into a Startup
Starting a nonprofit is similar to starting a business, and as any accomplished entrepreneur will tell you, having a solid plan with positive people behind you makes all the difference.
The Most Important Person on the Startup Team
Since Bill Hewlett joined with Dave Packard in 1939 to create what is today one of the world’s largest computer companies, there has been an evergreen debate as to who is more important in starting a tech company: the techie or the business guy?
The Ultimate Small Business Start-Up Checklist
Launching a new business venture can be exciting—and more than a little exhausting. Follow these eight startup steps to help make sure you’re as prepared as possible:
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