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Category Archives: How to Start a New Business

Vulnerability is a Strength in a Startup Business

I hope you consider vulnerability a strength. Being vulnerable saves you money and time in a startup – lots of it! Most startups start as an 'isolated belief' inside the founder’s head. Founders can incubate on their ideas inside for years. But if you want to eventually have a customer pay you for your valuable idea, you must expose it – an... Continue reading

Startup Business Plan vs Business Model Canvas

Supporters of the Business Model Canvas (BMC) seem to have a tendency to quickly throw the idea of a business plan under a bus. But I don’t think it’s correct to think of the BMC and a business plan as opponents. Filling out your business model canvas involves going through the different sections and developing your hypotheses, or best guess... Continue reading

The Dangers of Passion in a Business Startup

When I had the opportunity to ask a very successful, grey haired business man what words of wisdom he would give someone just starting in business, he said, “Be passionate.” In fact, the quality of being passionate when you start a business is a key success factor - but in a business startup, having passion can also be very dangerous! A st... Continue reading

The Definition of an Entrepreneur

Here is my definition of an entrepreneur: An entrepreneur is a person who has a clear vision of their future business. He or she has the ability to assemble a team and communicate the vision to them in a way that motivates everyone to work together in pursuit of the vision. The entrepreneur’s main role is to passionately lead the team forward to... Continue reading

Start a Small Business – NOW!

4 reasons why now is the best time to start a small business: Technology advancements – The cost required to invest in the technology needed for your new business is at an all-time low. Economically feasible Only a year ago I spent $20K upgrading the server and backup system at my physical office building. Today the 'cloud-based' technology is ... Continue reading

Start a Small Business

Just Get on the Bike! I often have the pleasure of being a sounding board for people who are thinking about starting a business. They have an idea and they are kind of confident it will work. They have researched it on the Internet. They have figured out a catchy name for it... Aspiring small business owners tend to perform the things that ar... Continue reading