Buying a business can be a very good way to get into your own business. The advantages are obvious- you get instant cash flow, customers and a way of doing business that is already well established. The tricky part is finding a business for sale that isn’t going to be a major headache or complete…
A board of advisers may sounds more like something you would find at a big company, but it makes a lot of sense for a startup and small businesses, too. No matter who you are or how much experience you may already have in a particular business or industry, it never hurts to have some…
My QuickBooks Bookkeeping kindle book is doing well- it is currently outselling the Dummies book, among others, in its category! Not bad. Although, let’s be honest, the category is not particularly a hotbed of publishing interest and the royalties on a $.99 book are not going to let me retire early, but still… kind of…
I was flipping through a Kiplinger’s magazine, when I came across an ad for an exercise machine promising a full workout in only four minutes. I don’t normally pay much attention, since I generally believe that most exercise machines, like most diet pills and diet plans, are simply a way to take money from people…
The idea of starting a business is very attractive to many people. It is practically a genetically imprinted desire in the United States to want to one day own your own business. At last report, nearly 3 out of 4 adult Americans indicated a desire to someday start their own business. I know I have…
Having people backing you who believe in what you are doing can make a crucial difference in your overall chances for success. If you are single and have no one depending on you, this is the easiest situation to be in when starting a business. You may or may not have your patents and friends…
Lots of people will tell you that entrepreneurs are risk takers. That isn’t actually true. Most of the entrepreneurs I know would rather avoid risk. What they want to do is maximize their success by jumping into sure things that other people haven’t discovered yet. They use their inside knowledge or insight to make a…
There are many sources of capital for starting a business (or funding an existing one), but not all kinds are a good fit for each type of business. This post is a quick run through of each of the major types, pros and cons of each, the amounts available, the time frame and requirements to…
A point largely missed by many people new to the idea of starting a business for themselves is that you don’t need a blow-the-lid-off great idea to get started. In fact, most of the time, you are much better off not trying to launch a fantastic new idea. Or waiting around to have one. The…
This is a frequent topic of conversation among people considering entrepreneurial ventures- is it better to do what you know or do what you love? My response is that it is usually best to do what you know in a way that you can love. For me, I love working with entrepreneurs and hearing about…