Entrepreneurship Tips — Business Tips

I wrote an eBook to answer this exact question, title The Top 20 Reasons Startups Fail and How to Avoid Them. It is based on some research. You can download it free here: top20 I have also created a 3-part video course here reviewing this question from the perspective of what learning and tools are required to avoid these twenty mistakes called The Entrepreneur's Journey here. How to Raise Millions for Any Company - Online Video Course Bob Norton is a long-time Serial Entrepreneur and CEO with four exits that returned over $1 billion to investors. He has trained, coached and advised...

And what to really look for when hiring Age should never be a factor. Experience, or years doing that exact job, is a big  factor. Of course, there is often a correlation between experience and age. Some people continue to learn for life, while others stop learning all together at a young age.  So, you are asking the wrong question, really.  When hiring there are 100+ variables, and you should always hire for these, with age not really mattering, except maybe for exotic dancers. Here are some factors I think are far more important: Raw intelligence and curiosity that drives...

Absolutely, but that is not to say most people do not learn on the job. Teaching management is like teaching art, it is an art.  You can study and learn foundational principles, but practice is required to get good.  I recommend reading several books by Peter Drucker first. Especially The Daily Drucker. There is so much to the art of management that comes only with experience. But you will learn foundational principles and philosophy from these texts.  Key systems, for good management, include: A) A regular meeting and Management By Objectives process (MBO = specific goal setting).  Some call this...

A new report finds that STEM programs and professional degrees often pay off, while those in arts and humanities frequently do not. Many M.B.A. programs also offer a negative return on investment. It’s no secret that some advanced degrees don’t pay off. But a new report from the Foundation for Research on Equal Opportunity offers some surprising insights—including that 60 percent of M.B.A.s and other business-related master’s degrees fail to provide a positive return. The report, “Is Graduate School Worth It? A Comprehensive Return on Investment Analysis,” analyzes data for nearly 14,000 graduate degrees—11,600 master’s degrees plus 2,300 doctoral and professional...

How to start a company with far less capital and also make more money in the process Venture capital investors need to put BIG dollars to work and have a short time frame (5-7 years typically). THEY need startups to move fast. And, yes, if you have 5–10 competitors getting market share then more invested capital will pay off. However, the smartest founders take another approach and raise less money at higher valuations later. This alternative is a multi-step market entry strategy where a startup starts in a smaller niche to get some traction, proof of concept and cash-flow. Which...