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This category contains 32 posts

Silicon Valley: The rise of the adolescent CEOs

SAN FRANCISCO (Reuters) – Josh Buckley, chief executive of an online gaming start-up, is looking forward to next month’s Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers. There’s one problem: Buckley, who will turn 20 this week on February 22, may be turned away from many … Continue reading

25 Businessmen Who Broke The Rules

Fortunes are rarely won by playing it safe. On the contrary, the biggest fortunes have been won by those willing to step outside the box and change the way the game is played. Following are twenty-five business innovators of the past, present, and future whose stories are different in many respects, but all point to … Continue reading

People Who Quit Their Jobs and Made Millions: Shep and Ian Murray, Vineyard Vines

Michelle Fox from CNBC went and researched those people like you and me who had regular jobs but one day decided to go on their own journey and became tremendously successful. Like she said in her post, success is by no means guaranteed, but for the lucky ones the decision to say “I quit” has … Continue reading

Four Tips When You’re Ready To Sell Your Business

For a number of small business owners who may be ready to sell their companies, the past few years have been a time to cut unnecessary expenses, make ends meet and to patiently wait for the market to rebound. There simply was no use in trying to sell the business when company revenues and profits … Continue reading

Top 10 Business Plan Mistakes

It’s been nearly seven years since Tim Berry posted Top 10 Business Plan Mistakes on this site. Looking back and reading the post again today, I think the list holds up very well. Here is the revised version for 2012, incorporating what he wrote back then that still holds true. 1. Misunderstanding the purpose: It’s the planning … Continue reading

What’s an Entrepreneur? The Best Answer Ever from Eric Schurenberg

As an entrepreneur, you surely have an elevator pitch, the pithy 15-second synopsis of what your company does and why, and you can all but repeat it in your sleep. But until recently, I’d never seen a good elevator pitch for entrepreneurship itself—that is, what you do that all entrepreneurs do? Now I’ve seen it, … Continue reading

Can We Predict Talent?

By Margaret Heffernan In his recent book Thinking Fast and Slow, behavioral economist Daniel Kahneman tells the story of observing army recruits out on exercises and his belief that he could spot the potential leaders amongst them. Years later, it turned out he’d been almost entirely wrong. His confident judgment had been a morass of bias, heuristics, and … Continue reading

Small Business vs. Startup

Steve Blank unpacks the the fundamental differences between small business and startup. Steve Blank was part of/or founded eight venture-backed companies, four of which went public.

The 7 Most Important Rules in Small Business and Entrepreneurship

The 7 Most Important Rules in Small Business and Entrepreneurship.

What makes a successful Small Business Owner

Top of the list for successful entrepreneurs is the ability to collaborate. Those who can delegate, build strong relationships with their management teams, employees, and others are more likely to click with customers. The other five traits frequently found in flourishing small business owners: • Being self fulfilled. Good small business owners put a high price … Continue reading

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