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The Basics of Pitching Investors

To create a great mission statement, the best resource is missionstatements.com which gives tons of examples. However, I don't think that's going to solve your challenge. W (more)

Put Your Best Foot Forward at Conferences and Trade Shows

Go to conferences where you can meet either of these two groups of people: potential clients and potential referral partners. Potential partners include people who serve your potential clients, or... (more)

How Can I Tell If There Will Be Strong Demand for My Product?

There are two parts to this question.  A) How big/healthy is the market you are trying to enter (or, what is your primary demand)? And, B) is there an opportunity within that market for you... (more)

How to Build a Great Team While Keeping Costs Low

Definitely consider using freelancers to keep costs low. One of the great but unsung revolutions caused by the internet is the speed of organizing killer teams. Putting together teams of... (more)

Do I Need to Go to Business School?

Congratulations, you have some fun coming, whether or not you choose a formal program. Business schools can expose you to a curriculum you might not seek out on your own, and force you to learn... (more)

Growing Your Business When You Can't Trademark Your Name

As mom used to say, “an ounce of prevention is worth a pound of cure.” If you want to use your brand name as a domain name for a website – but someone else already owns that... (more)

How Can I Turn My Hobby Into a Home Business?

Good news! You have a plethora of choices on how you can turn your passion or hobby into a business. Bad news, you have a plethora of choices on how you can turn your passion or hobby into a... (more)

When is It Time to Bring in a Managing Partner?

I think that you have answered your own question about the need to add a management expert to your team. From what you have said, it seems to me you need someone sooner versus later. You are losing... (more)

How Should I Incorporate My Small Business (Sole Proprietor)?

What's amazing to me is that you've gotten this far in the development of your business without incorporating! No question, the larger you grow the greater the risk to your personal assets... (more)

When Should I Move Into Real Office Space?

Good for you for considering the idea of expanding outside your home. Many new businesses never even make it to that point. There comes a time when working out of a home office becomes more of a... (more)

Can a Company Use Two Logos?

Logos are a lot like fingerprints. Each one is a distinctive mark that tells the world who you are. The goal is to create a logo that represents your brand in look and feel and bec (more)

What Entrepreneurial Project Can I Do With 12th Graders?

That's a very interesting project and the type of learning I strongly support. While textbook reading, essays and exams provide the student with a basic foundation of learning, they lack the... (more)

How Do I Go About Franchising My Business?

The first step to setting up a successful franchise is to create and test a prototype of your concept. In your case, since you’ve successfully run your business for 12 years, you have... (more)

What Is the Best Degree for Young Entrepreneurs?

It's impossible to say which college degree or major is best for future entrepreneurs. Believe it or not, some entrepreneurs never even attend or finish college and instead put their time and... (more)

What Top 3 Things Should I Do in a Recession?

It's smart and proactive to plan ahead of a recession. For the most part, many U.S. businesses are still climbing out of the 2008 recession and there's still the possibility that we could... (more)

How Should I Prepare for a Future As an Entrepreneur?

It's great to learn about your entrepreneurial ideas even before you pursue this next big step in life. It's also refreshing to read of your eagerness to learn how to become an... (more)

How Should an LLC Pay for Its Medicare Policy?

I'm glad that you've asked this question, since it's often overlooked and tax policy has changed over the years regarding this topic. The manner in which a business own (more)

How Can I Generate Leads With a Limited Marketing Budget?

Getting new customer leads is a common problem that both new and existing businesses face. They may have a great product or service, but don't have the right marketing p (more)

What Is the Best Way to Relaunch a Business?

Good to hear things are getting back on track for you. The first thing you really need to do is go back to your existing customers and customer base (including leads and prospects databases) and... (more)

How Can I Implement an Inventory Tracking System?

Retail tracking and inventory systems have come a long way and are incredibly simple and easy to use. You’ll just need to work with your father and his team to research a system that will... (more)
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