There are many different ways to approach equity compensation for the founding team. There is not necessarily a one-size fits all answer to this question. However, I have some specific... (more)

This is an interesting question and one that should be asked well prior to ever diving into the world of entrepreneurship. Far too often, this is a question an entrepreneur asks when already... (more)

The success of a business rarely has to do with the novelty of an idea. Rather, it more has to do with whether or not the management team is able to execute on the strategy and goals. Luck and... (more)

Before you determine a budget and choose a technology solution for your online business, there are four important questions to answer. Once you are confident in your answers to these four... (more)

Selling online can take several forms, so it's important to consider whether you want to build an entire e-commerce store or just complement your in-store sales with e-commerce. Here are three... (more)

First, you should consider the market for another bar in your area. Is there really a market for one, and if there is, how will yours be different that the competition? Do they offer food to their... (more)

The middle-aged person you're going to be in a couple decades will miss the education you're getting now if you don't in fact get it. It's usually not a smart idea to sell yourself short by not... (more)

As they say: "There is nothing new under the sun." So, it should come as no surprise that different people will want to choose the same business name. Generally, as long as no one... (more)

E-commerce website pricing varies widely depending on the level of sophistication you want to have, and e-commerce success often depends on many technology solutions are working together. So, your... (more)

This is sort of like asking whether you should marry the person you're dating. That said, if you do a deal like this you better be sure this person is somebody you can live with day in and day out... (more)

There a few ways you can do this: 1. Create a fan page. Since you are a business-to-consumer company, you can reach out directly to the kinds of people who like what you are offering. Use the... (more)

You'd probably need to get the prototype built before you go to a manufacturer, unless you have a previous relationship with a company who is willing to work with you. There a lot of... (more)

There are two important steps you can take to protect your personal assets when starting a company. First, make sure you are operating as a corporation or a limited liability company. A local... (more)

If this is the type of arrangement you choose to make, you'll need to do a lot of due diligence. It's best to talk to people who have actually done this to get an idea of the "ins and... (more)

What you're suggesting here sounds much more like a loan than an investment. Think of an investment as someone buying a percentage of ownership in your company in exchange for a sum of money that... (more)

It sounds like everything is set. Now, you need customers. Your next move will depend on what you're selling. Are you in a high "traffic" area? Do you have all the names and contact... (more)

Start with your own industry and see if you can find someone who will build something for you directly, or can refer someone who can "freelance" for you. You can also use the internet... (more)

This is a tough situation. Patents just aren't that protective anymore. I own a corporation and I stopped signi (more)

Any time you want to launch or resurrect a business, you have a couple legal issues to consider when choosing a name. First, you want to be sure that the name is available with your state's... (more)

Numbers are the language of business. It is critical to "know your numbers" on the expense side before plunging into any business venture. You're talking about starting something... (more)