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...
By Tim Berry
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...
By Tim Berry
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...
By Tim Berry
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....
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...
By Tim Berry
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...
By Tim Berry
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...
The following article from CNN Money highlights 5 mistakes often made by small business start-ups. While all 5 points are valid, of particular interest is #5: Loosing Focus. “Every business should have a vision of what they will be when they grow up. And the more focused the vision, the greater the chances that the...
By Noah Parsons