Some entrepreneurs fail to leverage the knowledge and experiences of others by failing to create advisory boards. These boards are a critical component required to scale strong entrepreneurial opportunities.

The curse of the entrepreneur: you have this great idea and it looks like it will do really well. The problem? You lack the capital and the skill to build it. What’s the solution? Giving Away Startup Ownership.

The Billion Dollar Startup Club has 101 companies as of July 2015, with the number one private company valued at $46 billion. It’s no secret, technology has revolutionized entrepreneurship. The explosive growth of tech-based companies is at its highest since 1995, surpassing the dot-com boom of year 2000.

As a founder, you should ask yourself, “What is the final, desired outcome of my company?”

Shark Tank revealed how looking at Gross profit margin  ( how efficiently is the product being produced) against Net profit margin  (how efficiently is the company operating as a whole) can affect your chances of investment.

“Sweat equity is the best kind of startup capital.”— Mark Cuban
This is a huge question for startup founders. If you are a founder, you know what I am talking about: how much of my startup should I give away?

An efficient board of advisors is not accidental; they require planning. Here are twelve suggestions for creating highly efficient advisory boards.

Average and Marginal costs are both important concepts. However, pricing your product according to these costs mechanisms can lead to dramatically different results. Understanding what this means for your business is critical to your success.

You are going to fail! This is the dirty little truth about being an entrepreneur.

The goal of many startup companies is to become a scalable business. Unfortunately, there is some confusion about what it really means to scale up.