Around the country, incubators are popping up. Tech incubators, health incubators, manufacturing incubators. Venture capitalists continue to create to new opportunities to attract the next big tech company and angel investors sit poised, ready to be mentors and investors to new entrepreneurs. Every start-up at some point in their existence, considers chasing venture capital. The… Continue reading The Geography of Funding Inequality.
In the wake of massive lay-offs in the manufacturing sector, downsizing across all industries and renewed vows to create sustainability, SME’s are a powerful way to counter large Corporations and create REAL, SUSTAINABLE, solutions. Here are 5 Trends why we think SME’s will grow in the future….. 1. Generation Y– brought up to value their… Continue reading 5 Trends Why SME’s will Continue to Grow.
I cannot tell you how many times, I have heard of newcomers turned down for loans simply because they could not produce a business plan. In our lending systems, as covered in a past blog, it is customary to ask for a business plan. In many cases, lenders will not even look at your business… Continue reading Business Plans for Newcomers – Part 1
The last couple of entries have focused on stories of entrepreneurs who have either not cared about customers or who believed that the entire world was a prospective client base. While these strategies may work for some entrepreneurs, generally speaking, we need to have some understanding of the size of the market and what we… Continue reading Demographics for Small Business: market segmentation and counting customers
Ways to Kill an Idea – #4. It is too expensive Here is part 4 on my blog series of how to kill an idea. I’ll quickly recap three ideas from a recent conference that motivated me to write these posts: 1. Fail fast, fail forward. 2. Do not be afraid to think big. 3.… Continue reading #waystokillanidea – It is too expensive.
Ways to Kill an Idea – #2. We Have No Time. As I wrote previously, at a conference I hosted, we focused on 3 key ideas: 1. Fail fast, fail forward. 2. Do not be afraid to think big. 3. Do not say no. We are too often quick to say no, even when it… Continue reading #waystokillanidea – We Have No Time.
Ways to Kill an Idea – #1. It Can’t Be Done I recently hosted a conference on immigrant entrepreneurship, which was meant to drive home three key ideas: 1. Fail fast, fail forward. 2. Do not be afraid to think big. 3. Do not let your immediate response to a new idea be “no”. Obviously, there… Continue reading Ways to Kill an Idea – It Can’t Be Done