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 […]
Developing an Idea
Is It the Jockey or the Horse?
Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff. If you are looking for money, this question will certainly come up in one form or another when you approach professional or organized angel or VC […]
Is It the Jockey or the Horse?
Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff. If you are looking for money, this question will certainly come up in one form or another when you approach professional or organized angel or VC […]
7 Crafts to Make and Sell for Profit
Selling crafts is a lucrative way to tap into the ecommerce sector. The market size is worth over $36 billion in the US, and the opportunities are massive. However, not every DIY craft have enough demand. When doing product research, focus on the sweet spot: These are 7 crafts ideas that can inspire you to […]
7 Crafts to Make and Sell for Profit
Selling crafts is a lucrative way to tap into the ecommerce sector. The market size is worth over $36 billion in the US, and the opportunities are massive. However, not every DIY craft have enough demand. When doing product research, focus on the sweet spot: These are 7 crafts ideas that can inspire you to […]
Q&A: How to Be an Entrepreneur
Question: How to be an entrepreneur? My Answer: First, if you have the option and haven’t already, get a good education. Focus on whatever interests you, not necessarily business. Entrepreneurs without formal education are at a huge disadvantage. But there’s no clear difference between a good degree in business and a good degree in any other […]
7 Tips to Test Your Idea as a Part-Time Entrepreneur
Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough savings to live for a year or more without a salary, fund the startup, and still feed the family. Thus […]
7 Keys to Improving the Odds on Your New Idea Success
In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? After all, most great breakthroughs, like a computer in every […]
7 Keys to Selecting a Startup Idea That Works for You
A common request I hear from aspiring entrepreneurs is for an assessment of their latest idea. I don’t even try to assess things at the idea level, since I can’t read minds. I can assess execution plans, if you have any. Yet I believe that business success is more a function of the person than […]
How to Test the Waters of Your Business
Diving into a new business venture is a daunting task. There are so many variables that, even though you have a great plan or amazing skills, there is still the chance that your business could fail. With all the hard work, effort and money that needs to go into starting a business, testing the waters […]
