Starting a Business

Do I Focus on My Passion or What I’m Good At?

I had an email the other day from someone who asked a very interesting question. So do I do what I love, or do I do what I’m good at? She explained that she has started a couple of local ad agencies that were doing well when she left them, but she saw the keys...


Business Building as Escaping Boredom?

This seems like a particularly interesting comment posted Friday in the Huffington Post by a 20-year-old college student: Boring internships may be turning students off from entering the regular rat race. Instead, many students are looking to starting their own businesses. Our business idols are the founders of Napster and Google. We, perhaps unrealistically, want...


Make Meaning

If you’re thinking about starting a business, or already starting it, or just started it, or, for that matter, you’re running a business or you care about a business, here read The Art of the Start, by Guy Kawasaki. Here’s a quote, from the first chapter, under a subheading called “Make Meaning:” The truth is...


Just Getting Going, Building, or Planning to Fly?

Talking about starting a business? Before you start the talking, identify yourself and your business on this scale. It makes a huge difference. Try to choose one of three possible choices, the one that most applies to you and your business.   Just get going: you don’t need anybody’s approval except possibly your first customer...


Do you have what it takes to start a business of your own?

The Entrepreneur featured a post today titled Risks, Rewards, and Entrepreneurship that discusses what it takes, on a personal level, to start and grow a successful business. Starting a business is one of those huge, life-altering events. Think of it as a marriage; running a successful business takes the same depth of commitment and desire....


Start-ups Cost Less?

Another conclusion I take back from the Web 2.0 Expo conference is that prestigious new web 2.0 start-ups are launching on initial investments of “a few hundred thousand dollars” instead of “a few million.” This came out most at the session on venture capital, but it was everywhere around the conference. Picture excitement in the...


Q & A: Sweat Equity at Startup

Question: I am starting a company that will require a substantial amount of financing through private investors. I have an initial seed group of five investors (including myself) who have all put an equal amount of money into the project thus far. Each investor is responsible to raise more capital through outside investors. I created...


Q&A: Where should I establish my business?

Question: I have a question about market research. I am researching opening a pizza restaurant. The restaurant will be located across the street from a new Supercenter Wal-Mart. Do you think a traffic-flow study and market analysis should still be done? Or, could I make some reasonable assumptions based on the fact that Wal-Mart is...


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