managing
what metrics should you know

9 Metrics Every Entrepreneur Should Know about Their Business Offhand

by Scott Gerber

There’s no excuse for not knowing how much money you are taking in, or how many people have purchased your product. Yet you might be surprised how easily business owners are stumped by questions like these. That’s why we asked nine members from Young Entrepreneur Council (YEC) what metrics all founders should be aware of—always. Here’s what they had to say: 1. Cash on... Read more »

planning
Ways to poll your customers

5 Ways to Survey Your Customers Without Annoying Them

by Scott Gerber

Sure, you could email customers after every transaction to evaluate their experience. But that seems clunky and time consuming. In order to figure out the best ways to get the information you need without the hassle, we asked five entrepreneurs from Young Entrepreneur Council (YEC) what methods or tools they recommend for surveying customers. Here’s what they had to say:   1. Wufoo... Read more »

planning
Big idea - man holding bulb

Startups and Entrepreneurship: Beyond the Clichés

by Candice Landau

In his latest video, Tim Berry, founder of Palo Alto Software, discusses the 6 clichés that many aspiring entrepreneurs fall prey to. You can watch the full video near the end of this post or read some of the key points we've extracted from it. Read more »

starting
story of microaid

MicroAid: Helping Entrepreneurs Rise Out of Poverty

by Angelique O'Rourke

For those living in extreme poverty in developing nations, even the most entrepreneurial people face challenges. While in recent years, the rise of microloans and microcredit programs have certainly done some good, there are new ideas cropping up about ways to create sustainable change using education, business planning skills, and technology. To learn more, we... Read more »

planning
New products into retail stores

12 Ways to Get Your New Product into a Major Retail Chain

by Scott Gerber

What is one tip you have for getting a brand-new product into major retail chains? Getting a new, untried product into the market is tough. Major retail chains may not want to gamble on something brand new. To learn how other entrepreneurs managed to get their shiny new products into major chains around the country,... Read more »

starting
the overnight entrepreneur

How to Become an Entrepreneur Overnight

by Candice Landau

Is it possible to become an entrepreneur overnight? Is there a switch you can flick? And if so, how do you do it? Here's my answer along with 5 key ingredients that I believe contribute to the make up of all the best entrepreneurs. Read more »

planning
An entrepreneur views information about Starbucks on his tablet while drinking coffee

Thinking About Buying a Franchise? Consider These Pros and Cons

by Scott Gerber

Like any other business, there’s a lot to consider when purchasing a franchise. Does starting your own business yield more long-term rewards, or is buying a franchise a better choice? To find out, we asked eight founders from Young Entrepreneur Council (YEC) their thoughts on the subject. Here are their answers are below. Q: I’m thinking about buying a franchise.... Read more »

planning

How Much Should You Pay Yourself?

by Scott Gerber

It’s your company—and you’re the one who has the most at risk, financially and otherwise, if it fails. But you’re also in the unique position of setting the tone for what will hopefully be a thriving business. The question is, how do you decide what your own salary should be? We asked 12 founders from the Young... Read more »

planning

10 Ideas for Winning Back Unhappy Customers

by Scott Gerber

What do you do when a customer threatens to leave your product or service? Some companies don’t respond at all, while others reply with an exit survey. But for early-stage companies, trying to win them back—and learn from their feedback—is often a better strategy. To learn what works best, we asked 10 founders the following: What is one... Read more »

funding
Michael Seiman1

9 Creative Ways to Finance a New Product-Based Business

by Scott Gerber

When launching a new product, getting the right funding is key. But other than traditional sources, like loans, venture capital, and angel investments, how can you get the cash you need to grow? Some people would say, “Easy—crowdfunding.” But that’s just the tip of the creativity iceberg. We asked nine company founders the following question: What is one creative... Read more »

managing

13 Ways to Surprise and Delight Your Customers Today

by Scott Gerber

From handwritten notes to just-baked cookies, a simple gesture can go a long way toward shoring up customer loyalty in a competitive marketplace. Even just a quick phone call can do more to earn your customers’ long-term trust than any coupon or discount code—really. To find out which methods have been most effective for my... Read more »

funding

5 Things Missing From Most Entrepreneur Pitches

by Tim Berry

I found this list in a very good post from Charlie O’Donnell on his blog This is going to be BIG. I don’t know him, and I didn’t know his site, but on digging I discover he has done time with Union Square Ventures, teaches entrepreneurship and practices what he preaches with a couple of... Read more »

funding

9 Reasons NOT to Crowdfund Your Next Project

by Scott Gerber

It may seem like everyone is a proponent of crowdfunding now, but sometimes, it’s actually not the best option for your business. Turns out asking a large group of strangers for funding isn’t all it’s cracked up to be—depending on your business, of course. We asked a panel of nine entrepreneurs the following question: What’s one good reason... Read more »

starting

Infographic on Entrepreneurship in Higher Ed

by Tim Berry

Congrats to Michigan for its #1 showing here among grad schools for entrepreneurship. Read more »

managing

10 Unique Benefits to Offer New Hires

by Scott Gerber

Companies like Facebook and Google are known for the extraordinary benefits they offer employees. Although you may not have that kind of budget, you can get just as creative—for less. Read more »

funding

How One Entrepreneur Started a Company With His Credit Card and Became a Millionaire

by Alisa Vilabrera

I had the opportunity recently to ask Sam Jain, the CEO of Fareportal, about his experience as growing his business from an idea to a multibillion-dollar organization. Read more »

starting

Help From High Places

by Bailey Koharchick

Believe it or not, there are major corporations out there willing to advise you (for free) as you start your new business. Why? Because if you're successful, you're likely to be a loyal, lifetime customer. Read more »

starting

10 Ways to Turn a Business Idea into a Reality

by Scott Gerber

Coming up with great ideas is easy. It's putting those ideas into action that's difficult. Read more »

starting

2013 UK Self-Employment Tax Guide: An Overview for Indebted Entrepreneurs

by Keith Tully

Take a proactive approach to accounting and filing and you'll be in much better position when it comes time to pay your self-employment taxes this year. Read more »

starting

2013 U.S. Self-Employment Tax Overview: A Guide for Indebted Entrepreneurs

by Keith Tully

Low on cash and worried about taxes? Accurately predict your tax obligations, and find as many tax breaks as possible, using this guide. Read more »