The Blog

What are the advantages and disadvantages of being the first versus late mover in a given market? Why be first? Often times you cannot catch up as the Camaro FOLLOWED the Ford Mustang and has never caught up to the popularity and or sales of the Mustang. However,...

If I want to start my manufacturing company related to technology (mobiles, laptops, etc.), what are the necessary steps I should take? 5 STEPS TO STARTING A COMPANY IN ANY INDUSTRY Identify a profitable idea (solves a problem, meets a need/want or satisfies a desire)...

What can entrepreneurs do to discover a good fit between a customer’s need and a proposed solution? Start with you being the customer! What problem have you come across that others also face that you can or have solved? Then you try to turn this into a formula...

How can an effective leader empower his/her employees? HOW CAN A LEADER EMPOWER THEIR EMPLOYEES Give them opportunities to lead Give them authority to lead without interference Challenge them to grow their leadership (more responsibilities)

What is the best way to start my own small business from scratch? I'm starting from 0. Plus I'm not currently employed. Any help would be appreciated. I would actually start with getting a job as being broke is an uphill battle and rarely helps as an entrepreneur. I...

Can a single founder run an early stage tech startup all by himself and only outsource services where necessary? My son who is 19 is doing it right now and it has been very successful. He is doing what only he can do (customer acquisitions) and outsourcing the...

How do you build a successful customer base as an entrepreneur? 5 SIMPLE WAYS TO GROW YOUR CUSTOMER BASE Never stop marketing so you are always growing your customer base. Expand your offerings so you expand your target customer which grows your customer base....

What are the most important criteria for quickly evaluating a business plan? 3 MOST IMPORTANT THINGS IN EVALUATING A BUSINESS PLAN Is the idea profitable! This is determined by testing the marketplace to see if there is a waiting audience willing to pay the price you...

What are two types of leadership roles within groups? Positive Leadership where someone is helping lead others to a positive constructive outcome and Negative Leadership where you have someone leading but taking people down the wrong road (crime, bad culture, rioting,...

How long can you run a business at a loss? This depends on how much cash you have in reserves as well as how much credit you have access to but to be clear both the cash and the credit you are using to stay alive will run out in time. A one-year loss is manageable but...