If you’re looking to gain anything over 25$, you’re going to be asked where the money is going. This fact can be applied towards family and friends, but especially if you are asking for a loan from a bank.
Posts By: Dave Clark
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
Business Startup Spotlight
Entrepreneur Events Spotlight
Entrepreneurial Ecosystem Spotlight
Startup Accelerator Spotlight
Startup Investor Spotlight
University Entrepreneurial Program Spotlight
Women Entrepreneurs Spotlight
After twenty-five years as an entrepreneur, the most common misunderstanding is the difference between “lifestyle” and “scalable” businesses.
Strategic thought requires thinking “conceptually” as opposed to “sequentially.” Sequential thinking weighs the pros and cons of each step against its immediate surroundings. Conceptual thinking requires that each step be measured against the larger goal. Perhaps this is best understood with an analogy. Imagine going on a trip from point “A” to point “B.”
There has been a trend to try to create one overarching company mission statement. However, they often become “wall art” hanging in the office of little practical use in operating the company.
Most Businesses fail… sooner or later. They fail in all sorts of ways: collapsing from the inside, succumbing to outside pressures, etc. In fact, there are far more ways to fail than succeed.
Founder contributions are critical to entrepreneurial startups. There are three major contributions that founders provide to startup businesses: Money, Commitment, and Effort
Founders spend considerable time creating plans: Business Plans, Strategic Plans, Marketing Plans, etc. The basic question that most plans leave unanswered is, “How do I know if my plan is working?”
There are two key factors to consider in order to be great startup advice from outside experts: Pick the right team, and always know what you want before you ask.
Every company is composed of individuals with different skill sets and has different roles that must be filled in order to succeed.
An entrepreneur’s favorite word is “yes.” We are perpetual optimists. Success is always possible. If you ever stop believing that, shut your operation down immediately and find something else to do that will make money.