I recently wrote an article for my alma mater, the Acton MBA in Entrepreneurship, about how it’s best for entrepreneurs to align their personal goals with their business goals, and how I’ve been able to build my business around inventing, traveling, and napping.
Read more on the Acton MBA in Entrepreneurship blog…
Archive for the ‘business ideas’ Category
Building a Business Around YOU – Acton MBA Entrepreneurship Article
October 22nd, 2011
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An Investor's Stimulus Plan
February 13th, 2009
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Whether it’s for the chance to do business with the Dallas Maverick’s owner, or the for a share of the spotlight, the end result is that the gauntlet has been thrown for these big money moguls to re-invest in American know-how.
Top 10 Tips for Starting a New Business
October 23rd, 2008
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I recently read an article in Inc. Magazine about entrepreneurs who started their businesses during a recession. Like many small businesses, we are not totally immune to the macroeconomic cycles of the day, but if you have a good business, it doesn’t matter what the consumer confidence is. If you’re thinking about starting a business, [...]
Street-Smart Tactics to Get the Financing You Need
October 9th, 2008
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The most important thing to make your business venture successful is $$. To get financing, you need to impress investors, and trust me, that is not an easy task. So before you venture into the investor market and pitch your business, here are some tips to help your prospects:
Smart Stalking: Just finding investors can be [...]
Marketing Plans Basics
September 11th, 2008
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Whether you want to market your invention, sell it to a manufacturer, or license it, you need to have a good marketing plan in place. A well-written marketing plan will help you understand the environment where your product will exist, sell your product, and ultimately make you more successful.
A marketing plan should cover the following:
• Market [...]
Find What People Want – Conduct an Idea Survey
August 14th, 2008
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Before your creativity comes into play and forces you to invent something unique, a piece of advice to you: always keep in mind that it is absolutely essential to know what the market wants before you go on inventing something. I’ve learned this lesson the hard way in the past.
To know what your market wants, [...]
Excite, Don’t Educate! – The Entrepreneur's Manual for Pitching To Investors
July 31st, 2008
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Why did we start a business? Because we had a vision that excited us. But after toiling away for months or years in the business, we sometimes lose sight of the vision that excited us. All the “in the weeds” or “see the forest from the trees” clichés come to haunt us.
To pitch to investors, [...]
The Basics of a Business Plan – A Must for Savvy Entrepreneurs and Inventors
July 17th, 2008
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After speaking with many investors, entrepreneurs, and consulting startup guides left and right, here are some key things that are critical to include in your business plan:
Cover Sheet
a) Mission
b) Long Term Vision
c) Short Term Vision
d) Description of Services
e) Marketing Plan – who are your customers and why do they want your product/service
f) Marketing Strategy & Execution
g) Competitive Landscape
h) Market Research
i) Go-to-Market Execution Plan
j) Management Team [...]
Avoid the Pitfalls While Starting a New Business
July 3rd, 2008
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All of us who want to become millionaires by starting a business face some problems. Here are some things to avoid while you are starting a new business.
• No business plan: You must have a business plan in place beforehand; otherwise both you and your business will most likely get off course. Even if it’s only [...]
