How is that Strategic Alliance Working Out?
If you answered that question, “not so great” you are not alone. Strategic alliances (often referred to as partnerships) can be very effective ways to achieve a goal or goals…
Licensing May be the Best Business Model for You
Let’s face it, not every inventor, scientist, or engineer is cut out to be a great businessperson. If that sounds like you, then you may be better off employing a…
The Operating Model Just Might be Best for You
In our last post, Your IP Gives You Two Business Model Choices, we touched upon the differences between a traditional operating business model and a licensing business model. In that…
Your IP Gives You Two Business Model Choices
You may recall a popular post from September 2012, Licensing Your Intellectual Property for Fun and Profit. The point of the article was to describe the potentially lucrative, yet often…
The Founder’s Dictionary: Startup Trends and Terminology
If you have spent any time reading sites like TechCrunch, Hacker News, or just about any startup blog or small business website, you’ve probably noticed that the tech startup field…
The Fallacy of First-Mover Advantage
“No one remembers the second man on the moon,” goes the marketing adage. “Or second to market.” Fans of Buzz Aldrin may disagree, but the fact remains that Neil Armstrong…
Surprise! It Helps to Know What You Are Doing
Clients come to us frequently and tell us that they have a really good idea and they need a business plan so that they can get the idea funded and…
Hiring Independent Contractors: Know the Pitfalls
Independent contractors and freelancers, or independent specialists, represent a rapidly expanding category of entrepreneurship. Contractors have specialized skills in a given field and work independently, selling their expertise by the…
Eight Traits of True Founders
Business success begins in the mind of the startup founder and his team. A winning startup is a team of entrepreneurs who build and run the business as an extension…
Financing Your Growth
Believe it or not, this post was inspired by a print advertisement for by BMO Harris Bank in a recent issue of Inc. Magazine. The ad was about “The Five Keys to…