Teaching entrepreneurship, you’re going to run into a bunch of so-called “experts,” who are going to tell you the “truth” about starting and running a business. But much of what they’ll tell you is just not true—no matter how widely held the beliefs. 1. People are either born entrepreneurs or they’re not You’ll hear this …
The Secret Ingredient of Successful Business Women: A Business Plan
Two-thirds of Americans want to start their own businesses and there’s already over 30 million small businesses in the US (US Small Business Administration). About half of those businesses will survive more than five years. Small Business Week, May 5-11, is the perfect time to start or grow your business. And what’s the first thing …
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The Surprising Topic Business Students Expect You to Teach
Earlier this year, I was asked to speak to the capstone class of an MBA program. During the course of our conversation, I mentioned…
The Surprising Topic Business Students Expect You to TeachRead More
Honest Advice on Business Planning
Excerpted from Entrepreneurship: A Real-World Approach, 2nd Ed, now available Challenge: Identify the opportunities and challenges when launching a new business Solution: Develop a business plan to help navigate the new company on the sometimes bumpy road to success Two thirsty guys walk into a supermarket. No, that’s not the beginning of a joke. It was the beginning of …
If Santa Ran Your Start-up
No one ever thinks about Santa as an experienced business owner, but he’s been running a successful enterprise for centuries. So before the holiday crunch, I sat down with Santa over a cup of hot chocolate and asked for his small business start-up advice. I also asked for a red Tesla. I’ll see if Santa …
Business Plan Competitions: 6 Tricks to Help Your Students Win
With so many business plan competitions to choose from, and an increasing amount of prize money to help launch new companies, it’s worthwhile to think about how to encourage your entrepreneurship students to enter these competitions, and how you can coach them through the process. Of course, to increase their odds of winning, students must …
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16 Small Business Resolutions for 2016
Lose weight. Quit smoking. Floss. January’s the traditional time for making new year’s resolutions. But in addition to your personal goals, what do you want to achieve in 2016 for your small business? I’ve come up with a list of New Year’s Resolutions for Small Business, and since it’s 2016, it seems only natural that …
7 Sure-fire Ways To Mess Up Your Startup
Now is a great time to follow your dream and launch your startup or small business. Startup “incubators” and “accelerators”—physical or virtual support organizations for budding entrepreneurs—are popping up in cities large and small, not just across the US but globally, to help you realize your dream. There’s more money available for financing, with crowdfunding, …
Plan for Growth
“You can’t reach a goal you haven’t set.” During Small Business Week, I’m helping you “Make this Your Year to Grow.” If you want to grow, one of the most important steps is to develop a plan for growth – and then make planning an ongoing process of your company. Now, don’t get worried that …
