Business Planning

Is There a T.I.G.E.R. in Your Office? 5 Things Your Business Dashboard Must Do

Capture your T.I.G.E.R. power in a business dashboard

There are hundreds of ways to look our business – we can spend hours staring at financial statements and ratios. But financial statements alone won’t help us make progress…what an entrepreneur really needs is a map. A great “business dashboard” can be that map, showing us not just where we are, but also where we [...]

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Your Money or Your Wife: The Danger of Mixing of Love and Business

I was 27 and struggling with my first start-up when I met my wife. She seemed like the perfect addition to my growing company. She worked without pay and never complained when the job kept me at the office until midnight – because she was there too. I told this story to Charley Moore, CEO [...]

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Business Strategies to Grow Bigger, Faster, Smarter: Step 4 of my Business Tune-Up Program

I’ve often said that you should not start any business without a business plan. So are you surprised that I put this strategy step at the end of my Business Tune Up Program? There’s a good reason. A “strategic growth plan” is entirely different than a start-up business plan, and plotting strategy takes a deep [...]

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Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

Entrepreneurs are an odd lot. We pursue a passion but end up with a business. Sure, launching a company seems like a good idea at first. We start with stars in our eyes, but end up married to the dreary demands of running a company. If your business is not helping you pursue your dreams [...]

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Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

I’ve accepted it: Retirement is dead. Anyone still working today might never be able to retire. So why are we all putting money into retirement savings accounts? Between IRAs, ROTHs, 401(k)s, SIMPLEs, SEPs and SOLOs, there’s no shortage of ways to save for a day that may never arrive. And yet Morningstar reports that the [...]

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How to Segment Your Customers for Higher Profits

Like it or not, customers are not all created equal. Are they all equally profitable? No. Can your business afford to service every customer? No. Shouldn’t you treat them all the same? No. No. No. If you don’t know one customer from the next, wake up and smell the segmentation. In almost every business, just [...]

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Top 5 Pet Peeves of Venture Capitalists

Venture Capitalists can be a tough group to please. Because they hear hundreds of pitches every year, VC learn to sort the best from the B.S. I had a chance to discuss this topic with Mr. Ed Goodman, General Partner and Co-Founder of Milestone Venture Partners in New York City. During his VC career, Ed [...]

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3.5 Places Where Angel Investors Hide

You’ve probably heard stories of Angel Investors swooping in to help fund a company. In today’s tight financial environment, it almost sounds like an urban myth. But wealthy individuals who invest in private companies do exist. And they are more plentiful than you might imagine. You might already know several. Now, I wouldn’t count on [...]

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2 Websites Every Business Planner Must Know

Whether you’re a launching a new product or a new startup, business planning and funding takes a huge amount of time. Now you can cut weeks – or maybe even months – off of the business planning and fundraising process of your new business idea. Before you do anything else, get to know these 2 [...]

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Don’t Grow Like Groupon: Why Growth is Bad for Your Business

In today’s hyper-fast business world, we watch startups like Groupon go from zero to billions seemingly overnight. It’s tempting to measure yourself by these examples and to feel wholly inadequate. Personally, I have to wonder: Why aren’t my businesses growing as fast as these new-age juggernauts? What am I doing wrong? Is hyper-growth the new “normal”? The truth is, Groupon-style [...]

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Quit Your Job Now – While You Still Can

A Harvard Business Review article (and podcast) called “The High Intensity Entrepreneur” makes this shocking claim: “To be successful, entrepreneurs should wait until they are in their 30′s before launching a business.” I almost dropped my iPod when I heard this. The article actually quotes a study that says most highly successful entrepreneurs worked for [...]

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The big piece of paper that changed my business forever

People say that writing things down creates a certain kind of magic. It must be true. Some of the most powerful magic I’ve ever seen came from a 24″ x 36″ piece of paper and a colored marker that became my business dashboard. After I created a business dashboard, nothing was ever the same. [...]

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New Business Loans… and a Cup of Coffee to Go

Starbucks just announced an innovative new small business loan program called “Create Jobs for USA”. Yes, along with doling out $5 cups of coffee, Starbucks will now fund loans of $50,000 and more for small businesses. The company has a history of “micro-finance” in developing countries; this is its first program here at home. But don’t [...]

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Ace Your Investor Pitch: “Say This Not That!”

Few companies are invited to pitch to investors, even fewer will leave with a check. Winning an investment from VC, Angels or PEGs is tough because even a small mistake can sink your chances. In the high-pressure boardroom where millions hang in the balance, there are some things just better left unsaid. Here’s my 5 favorite phrases that no investor [...]

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VIDEO: “Why” Is the Reason Some Companies Rocket to the Top

This is not a finance topic, but it’s the key to nearly everything else in your business. You already know the “TED Talks“, right? Well here’s one that is both Inspiring and Useful. Posted above is a talk that Simon Sinek should have called “The WHY of Market Leaders”. Take his advice to heart, and it will change your [...]

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← Previous Entries

Business Planning

Is There a T.I.G.E.R. in Your Office? 5 Things Your Business Dashboard Must Do

Your Money or Your Wife: The Danger of Mixing of Love and Business

Business Strategies to Grow Bigger, Faster, Smarter: Step 4 of my Business Tune-Up Program

Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

How to Segment Your Customers for Higher Profits

Top 5 Pet Peeves of Venture Capitalists

3.5 Places Where Angel Investors Hide

2 Websites Every Business Planner Must Know

Don’t Grow Like Groupon: Why Growth is Bad for Your Business

Quit Your Job Now – While You Still Can

The big piece of paper that changed my business forever

New Business Loans… and a Cup of Coffee to Go

Ace Your Investor Pitch: “Say This Not That!”

VIDEO: “Why” Is the Reason Some Companies Rocket to the Top

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Business Planning

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SUCCESS IS NOT AN ACCIDENT

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