How Do You Know When Your Startup Achieves Critical Mass?
Every entrepreneur dreams of that sweet spot in the life of their business when it will reach critical mass, and they can focus more on scaling it than finding another…
Ten (More) Common Business Plan Mistakes
After laboring to create your business plan for months, every entrepreneur likes to think that their document is inspirational and will inspire someone who is smart enough to see the…
How to Recruit the Right CEO to Run Your Startup
If you are a startup founder or major investor, how do you find that CEO for your “Dream Team” to close on funding and kick-start your company? It makes logical…
Six Executive Summary Essentials
What is an Executive Summary? The executive summary is the first section of your business plan. As the name implies, its purpose is to give the reader a brief overview…
Challenge Stale Startup Assumptions
I’m a big fan of the old adage "There are no stupid questions, only stupid answers." We have all heard questions that begin, "This may be a dumb question, but..."…
A Turnaround Might Be Easier than Bankruptcy
If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy…
Do You Have a Viable Business Opportunity?
You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. There…
Standing Tall Above the Digital Crowd
Gone are the days when a techie or a genius could build things in his garage and customers would find and buy the product, based purely on the “wow factor”…
The Symbiotic Relationship of Entrepreneurs and Inventors
In my experience, inventors aren’t interested or aren’t very good at building a business, and entrepreneurs aren’t usually good scientists. These people need to find each other, and can jointly…
You Can’t Achieve Goals If You Don’t Set Them First
Before you, as an entrepreneur, can hope to successfully start a new business, you need to set some goals and milestones to lead the way. It’s easy to talk in…