This is definitely not the first time this question has been asked. So is getting an MBA worth the financial cost, time, and opporuntity cost? Like my old Thermal Fluids engineering professor used to answer to all our questions . . . the best answer is it “it depends.”
I’ve personally wrestled with this question over [...]
Archive for the ‘entrepreneurs’ Category
Is an MBA Worth It for Entrepreneurs?
August 26th, 2008
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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 [...]
Are You Ready To Open A Small Business?
June 19th, 2008
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Those of you on the verge of starting a new business or are already in business, this is meant to be a short checklist of the core requirements entrepreneurs need to be successful. Let’s all see if we are on the right track or not:
• Vision: You must have a vision of where you want your [...]
Life-changing Tips from "The 4 Hour Workweek"
May 23rd, 2008
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What books have influenced your life?
I’ve read just a few life-changing books. First, it was Robert Kiyosaki’s Rich Dad, Poor Dad that got me interested in personal finance, real estate, and entrepreneurship. I read Warren Buffet’s and Peter Lynch’s books on stock picking. Then it was another Kiyosaki book, Before You Quit Your Job, that [...]
Success Symposium – Entrepreneur Heaven
February 24th, 2008
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I randomly found out about this event through a friend. I’ve been involved in Toastmasters for a while, and I had mentioned in one of my speeches that the “Rich Dad, Poor Dad” book was the most influential item I’ve ever read, mainly because Robert Kiyosaki got me interested in personal development, finance, and [...]
Business Partner on Big Idea
January 24th, 2008
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We just got word that Lisa Lloyd, co-owner of IdeaTango, will be appearing on The Big Idea with Donny Deutsch TONIGHT at 9PM CST on CNBC. Check your local listings for more info.
[youtube=http://www.youtube.com/watch?v=iNSL-vnVtQ8&rel=1]
What a whirlwind this has been. Last week while we were in North Dakota, she received a call from the producers [...]
Where is your attention? On Business Plan Competitions?
January 13th, 2008
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Right now, my attention is being diverted. I can’t even tell, most of the time, people have to tell me.
As an entrepreneur, inventor, and just an idea-guy in general, I get distracted easily. In fact, although I’m not a huge fan of Donald Trump (did I mention I don’t like cockiness), I listened to [...]
Entrepreneurs Like to Zig and Zag
January 7th, 2008
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Straight lines are for rank and file types. The true mark of an entrepreneur is that he can zig when he needs to, or zag when the time comes. Without getting into specifics, ideatango may be taking a zag soon. So what does that mean. We’ll you’ll just have to wait.
What am I doing about [...]
