Love, Marriage and Future Business Partner?

Marriage is a partnership that needs solid boundaries in order to succeed. The same goes for a business. It is a partnership, but in a different context. Before starting a business with your spouse, consider asking each other some very important questions. What value do you see in this endeavor? What is more important; your marriage or this business? Read more here from Lolly Daskal, a leadership coach and CEO from Lead from Within. She has great tips on what to do before you jump into a business venture with your spouse. … [Read more...]

4 Questions to Ask Before Taking the Entrepreneurial Plunge

According to Bloomberg, 80% of new businesses fail. This is certainly something to ponder.  You need to know if you’re prepared for what you’re getting into before you considering jumping off as an entrepreneur. Entrepreneur magazine suggests you ask yourself these four essential questions so you can set yourself up for success: Are you comfortable with absolutely zero structure? Entrepreneurship is chaotic! Do you have financial stability? It can take a long time for your new business to start making you money. Are you entering new territory? Don’t get in over your head! Start in a field in which you’re familiar. Do you change jobs every two … [Read more...]

Beyond Banks: Alternative Funding for Startups

Recently, I read the article “Beyond Banks: Alternative Funding for Startups” in the Business Owner's Playbook. I love this piece! It is a valuable resource and primer on source financing when banks are not the way to go. If you’re looking to start a new business or expand the small business you already own, read this, then read it again, then bookmark it for future reference! Here are just a few alternative funding options covered by the article: Crowdfunding: raising small amounts of startup money from a very large number of people (the “crowd”) Peer-to-Peer Lending: (a.k.a. P2P) borrowing money from unrelated individuals (“peers”) without having to go through a … [Read more...]

The Balancing Act of Success for Millennial Entrepreneurs

Every day new businesses are growing from garage startups to massive million-dollar corporations, but have you ever stopped to think about how many of those companies make it past their 15 minutes of fame?  According to Blaine Vess, co-founder and CEO of StudyMode, bringing your company to the top and keeping it there takes a certain balance. Check out his article to find out his 7 Steps to Finding Success as a Millennial Entrepreneur. … [Read more...]

6 Tips for Innovative Startup Funding

"Venture capitalist have the attention span of a four-year-old." This quote sums up one opinion on why the traditional business plan may have gone the way of the archives in favor of new media.  The article below offers an interesting take on looking for capital for your business. You may not be ready to “ditch the business plan,” but there are many more options for securing funding now. Take a look at this link to find the new suggested way to look for capital from investors. … [Read more...]