Startups are fast-paced, high-pressure, cortisol-inducing environments. This makes them ripe for lots of miscommunication and misinterpretation — across all levels. Here are some of the most common communication […]
As an entrepreneur, you need lots of skills in your toolbox, from sales and marketing, to finance, leadership, administration, and more. However, one of the most important parts of running a business […]
Many in the entrepreneurial ecosystem will say that the single biggest problem they have to deal with in small companies is the lack of open, honest, and effective communication, […]
One of the issues you face is dealing directly with vendors. You often don’t have the capital to strike normal compensation relationships with vendors. You […]
I recently had an entrepreneur tell me, “No one can perform up to my standards.” I asked her, “What about Steve Jobs or Arianna Huffington or Martin Luther King or Donna Karan or […]
Building things from scratch is the essence of being an entrepreneur. It’s what we do. It’s the whole notion knowing that you have put in everything you’ve […]
We know the feeling – you can’t wait to get your first customer. It doesn’t matter who they are or how you got them. All that matters […]
We all want to have the perfect product or service. But more often than not, we don’t have the resources or capital to deliver the perfect product or […]
Since we believe that what we’re doing is so unique, everyone will have the same perspective and want our product. And since it hasn’t been […]
Working with startups (plus building and managing a few of our own) has taught us that founders and business owners continuously struggle to stay on top of their financial […]
Factoring is a financial service in which the business entity sells its bill receivables to a third party at a discount in order to raise funds. […]
How a letter of intent speeds up cash flow - getting commitment on paper before contracts are signed, so you are not waiting months to be paid.
The excitement of starting a new business can make it hard to focus on the details. Find out the top eight legal mistakes startups make and how you […]
Starting a business can be fun and thrilling, especially at the outset. But many of the mistakes that ultimately sink businesses can be made in the early […]
Starting a business can be fun and thrilling, especially at the outset. But many of the mistakes that ultimately sink businesses can be made in the early […]
Now that you’ve laid down the basic foundation for your business and reviewed your needs, it’s time to put your plan into motion. But before you go out and start […]
When we say “potential liabilities,” we are talking about potential risks.
A liability is a risk that you can be held legally responsible for.
For example, if you have a storefront or […]
A cash flow forecast is an estimation of the money you expect your business to bring in and pay out over a period time. […]
As the entrepreneur we are always looking for ways to minimize spending. But there are certain things that form the foundation of your business that you should not skimp on. […]
Creating an effective budget is crucial to setting your startup up for success. It’s estimated that 65% of startup businesses aren’t fully confident that they have enough money to […]
In the chaos of your venture, and when under the influence of the daily pressure, passion, pleasure and pain you often find yourself saying things, doing things and allowing things that […]
It’s quite common for the entrepreneur to wonder if anyone will ever notice you or what you’re doing. Since we’re of the mindset that nobody’s paying attention anyway, we assume […]
You’re the CEO, so you think you know more about the business than anyone and for the things you don’t know – you’ll figure it out along the […]
How many times a day do things happen and your initial reaction is that of raw emotions without much thought to the consequences? That’s normal occurrence for entrepreneurs because […]
People will ask an entrepreneur “what is your plan and too often that question is met with a dazed and confused look. What does it mean to have […]
