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 […]
Developing an Idea
12 Burning Questions to Ask Before Launching a Startup
Entrepreneurship is an essential thing we should be concerned about within this day and age—for us, our children, and grandchildren. Robots are taking over the majority of the jobs and careers many of us were brought up striving for. If you don’t have the inclination to start a business-post 2020, your financial future might be […]
Building a Business for the Freelance Economy
The freelance economy has seen impressive growth in the past decade. According to the latest stats, nearly 36% of American workers are involved in the gig economy in some form or the other, contributing over $1.28 trillion to the economy. The freelance economy is also witnessing similar growth in other parts of the world, including […]
10 Tips on How to Protect a Software Idea
How to protect a software idea? I recently answered a related Quora question on this one. I took parts of this post from a previous post on how to protect an idea while building a business, but this one focuses more on software, specifically. That’s where I’ve spent most of my career, and still my favorite business, by […]
How to Choose a Profitable Industry
Most people who step into the small business world have some idea of what they want to do. They’ve got a passion, some kind of inspiration that lights them up—and that can be a great starting point. The problem is, passion projects aren’t always profitable and that represents a huge barrier to success. When shaping […]
7 Crazy Startup Ideas That Worked
I believe many people put way too much stock in the startup idea. Doing the business, doing the work, getting things done, and execution are all more important. Obviously a bad idea can make a business unsuccessful, but a good idea is no guarantee. And very few successful businesses are based on being the first […]
What Do I Need to Do to Become an Entrepreneur?
Q: What do I need to do to become an entrepreneur? Being an entrepreneur is simply somebody who has launched a business. It’s not a set of traits or qualities, a state of being, or an attribute. It’s not a degree or certificate. It’s not an expertise. It’s did you start a business, or not? […]
“I Want to Start My Own Business, But Don’t Know What Kind of Business to Start!”
In the last few years, we have seen a huge increase in entrepreneurship. More and more of us are looking to start our own business, Millennials especially. The idea of being your own boss, working at your own discretion and of course, the most attractive benefit—keeping the profits—is all well and good, but how do […]
What Goes Up in a Down Economy?
When any economic bubble bursts, a recession is likely to follow. Economists have been monitoring economic factors and signaling a coming recession, and potential bubbles that will drive it include the student loan bubble and the resurged subprime lending bubble. Yet while some industries suffer or even collapse during economic downturns, others survive and even […]
Recession-Proof Businesses
The year 2009 marked the end of a global recession that hit America hard. Most people believe that starting a business during a recession is just as good as throwing your money into the sea. But, there are still recession proof businesses that can do well during economic downturns, also known as counter-cyclical businesses. Many […]
