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Most Recent Questions

Question added to topic MoneyAugust 23, 2013

How Can I (Legally) Support Myself With Funds Raised for an Early-Stage Startup?

It's certainly legal to pay yourself a salary with some of the capital you raise from investors. As far as your ethical concern goes, it largely depends on your agreement with investors and the... (more)
Question added to topic MoneyAugust 22, 2013

How Can I Keep an Employee I Cannot Afford to Pay?

You are certainly in a tough spot. Seems as though you cannot afford to pay this person and you cannot afford to do without him—especially if he is working 60 hours a week. I don’t like... (more)
Question added to topic Business IdeasAugust 16, 2013

How Can I Pitch My Product to Large Companies?

Congratulations on developing a finished product. Now for the hard part, monetizing it. I'm glad to learn that you are thinking big with the goal of distributing your product to the masses via... (more)
Question added to topic FranchisesAugust 15, 2013

With So Much Focus On Healthy Eating, Should I Franchise French Fries?

The first step to take before even considering franchising any sort of business concept is to open one or more prototype units and see how they perform. (See below for details on what prototypes... (more)
Question added to topic Starting a BusinessAugust 12, 2013

What Legal Issues Should I Consider Before Starting a Social Network?

Like any other business endeavor, a social network brings up a variety of legal issues. Here are just a few that you'll need to consider: Social networks can take a great deal of capital to... (more)
Question added to topic Business IdeasJune 14, 2013

What Are Some Good Business Books to Read?

It's always a smart idea to learn from the knowledge and experience of others. One way to do so is through books written by great leaders. Personally, I try to read as many business books... (more)
Question added to topic Marketing IdeasJune 7, 2013

How Can I Sell Excess Inventory When Going Out of Business?

One of the toughest aspects of starting a business is knowing when it's time to call it quits. When that time comes, the business owner needs to evaluate the trade-off of trying to get the most... (more)
Question added to topic LifestyleMay 31, 2013

Should I Do an Internship?

Most aspiring entrepreneurs think they need to follow a specific path to build the next great company. This isn't necessarily the case. Generally speaking, the best entrepreneurs share common... (more)
Question added to topic Young EntrepreneursMay 23, 2013

What Should I Study to Be an Entrepreneur?

I'm glad to learn that you already have an itch to prepare yourself to become an entrepreneur. There's no question that college is a great place to learn and experiment with different... (more)
Question added to topic BrandingMay 14, 2013

How Can I Build My Reputation?

In short, the answer is a big YES. It is absolutely necessary that you back up your pitches with an online and offline presence that matches who you say you are and what you offer. At a minimum, I... (more)
Question added to topic Legal CenterMay 9, 2013

What Permits and Patents Do I Need to Sell My BBQ Sauce?

Launching a homemade food business involves a wide range of legal issues. Not only do you face health and sanitary laws, but there are zoning requirements depending on where you live,... (more)
Question added to topic Managing EmployeesApril 30, 2013

Should I Apologize for Yelling At an Employee?

We all know that we are supposed to "praise in public and reprimand in private," but we are also human beings. And there are times ... ah, there are times ... when doing that can be... (more)
Question added to topic Human ResourcesApril 26, 2013

Who Should I Hire for My Ecommerce Site?

Without  knowing more about your business (e.g., what you are selling on your ecommerce site), I am at a disadvantage to advise you precisely on whom you should hire to support your endeavors.... (more)
Question added to topic Legal CenterApril 19, 2013

Is It Legal to Buy and Resell Items?

Generally, it’s not illegal to resell an item that you have legitimately purchased. Once you have purchased something at retail it is yours to do with as you choose. Manufacturers tend to... (more)
Question added to topic LifestyleApril 18, 2013

What Personality Traits Made Steve Jobs Successful?

There were many personality traits that helped Steve Jobs become the most successful entrepreneur of our time. We can all learn a lot from him. In addition, whether or not you've already... (more)
Question added to topic Online MarketingApril 6, 2013

How Can I Market My Architecture Visualization Business?

The word "visualization" is your first clue. As soon as I read your question, I thought, "This is perfect for Pinterest." In case you are not familiar with it, Pinterest is a... (more)
Question added to topic FinancingApril 5, 2013

How Can I Fund a New Business Idea Without Crowdfunding?

While crowdfunding sites have opened the door for many entrepreneurs who couldn't otherwise obtain outside financing, they are still not the best option for everyone. Case in point: those... (more)
Question added to topic Finding CustomersMarch 29, 2013

How Can I Connect With Purchasing Agents?

The simple answer to how you can promote your company and find and connect with new clients is: social media. Social networking sites are amazing tools to research key people and news in your... (more)
Question added to topic Business Licenses and PermitsMarch 27, 2013

Do I Need a Business License for an Online Store?

If you’re selling special products to a regulated industry (e.g., medical devices or holistic health care supplements), you’ll need to check with your state to see if you need to be... (more)
Question added to topic Starting a BusinessMarch 22, 2013

How Should We Divide Equity Among Co-Founders?

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)
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