Anybody who creates for a living understands one key yet frustrating point: The process of creating anything is a less than scientific process. Pharmaceutical companies go through thousands or millions of combinations of ingredients before developing the next game changing drug. Composers who create beautiful music end up with a lot of useless music on […]
Heather Hilleren found out that a woman could become a valuable middleman. Perhaps that makes her “middle woman” in Madison, Wisconsin. Whatever you call her professionally, it is certainly a business success. She accomplished this by pursuing a solution to a local need.
If a new business startup is a dream that you plan to make a reality in the near future, be careful to not find yourself in a trap that is common to many who have taken the journey you are embarking upon. It happened to me.
Two San Francisco roommates had a problem. They wanted to start a business but had difficulty paying for their rent. So they offered their apartment to out-of-town attendees at a business conference when the rooms at area hotels were fully booked.
So you have big plans for a new product or service and you’re taking the steps to form an LLC, S Corporation or some other designation that means one exciting truth: It’s happening. You’re in business. Before you finalize your business plan, how sure are you that your business is ready for the big time?
For small businesses that start as local or home-based operations, the major objective is quickly building cash flow. This is critical to creating a thriving business. Only larger ventures with outside capital are engaged in long-term commercial innovation. Most new businesses are simply a way for the entrepreneur to attain financial independence.
If you’re in the midst of launching a business startup, you have certainly (hopefully) spent a lot of time reading about how the best entrepreneurs became the best. If you have, you have probably heard of Mark Cuban, the current outspoken owner of the Dallas Mavericks professional Basketball team.
If your business startup needs funding, you’re not alone. In order to maximize your chances of success, you must have adequate funding. Trying to start a business on a budget is rarely a formula for success and because of that, you will need funding.