Archives for December 2009

Why Entrepreneurs Shouldn’t Write Business Plans

business plan

I was reading an article on the New York Times’ blog today that broke down why all entrepreneurs should write business plans.

Careful academic research on the business start-up process reveals that many entrepreneurs never write a business plan.

These studies also show that writing a business plan helps entrepreneurs in a number of ways, including improving their odds of successfully developing a new product, organizing a company, accessing external capital, obtaining raw materials, generating sales and surviving over time. Regardless of what measure of performance academics have looked at, research shows that writing a business plan has a positive impact.

I am not a fan of writing business plans! I have started a fair number of companies and have never written a business plan. Now, you could say that is the reason why a lot of my businesses failed, but I could make the argument that financially I’ve still come ahead.

Here is why I think you shouldn’t write a business plan:  [click to continue…]

Getting Rich Quickly Will Make You Poor!

get rich quick

Do you want to make a quick buck? Do you want me to teach you how you can make an extra hundred grand?

Throughout your entrepreneurial life, you’ll hear stories of other entrepreneurs who are making thousands of dollars a day from a business that seems easy to replicate. And if you get lucky, you’ll actually get to meet a few of these entrepreneurs.

But before you make any rash decisions and try to get rich quickly, here are a few things that you need to know:  [click to continue…]

101 Motivational Business Quotes

rock bottom

Running a business is like riding a roller coaster. Although it is fun and exciting, there will be times when you feel scared and powerless. During the bad times, there isn’t much you can do other than to keep on pushing forward.

Save your favorite business quotes in one place across all the document apps you use.

In that spirit, here are 101 quotes that will motivate you to push forward.  [click to continue…]

Why You Need to Make a Facebook Fan Page

Facebook is the second most popular site on the web, according to Alexa. With over 350 million members, you would think a lot of companies and individuals would be creating fan pages, but they aren’t.

About a month ago I decided to create a Facebook fan page, so I enlisted Jeff Widman to help me.

facebook fan page

Once I had it completed, I thought I would have hundreds of fans instantly because I have over 2,000 friends on Facebook. Sadly, this didn’t turn out to be the case. If you want to get friends over to your fan page, you have to do a lot of manual work such as inviting all your friends to join.
  [click to continue…]

How to Hire a Good Designer and Developer

hiring

Finding a good web designer and/or developer isn’t easy. For the past 6 or 7 years, I have been through two dozen designers and several developers and eventually, I learned that if you have the budget it’s easier to work with development shops like these guys.

When it came to choosing talented employees or contractors, I made a lot of mistakes. Eventually, I got it right.

You are probably wondering what changed. Well, after making several bad hiring decisions that cost us over 6 figures, we eventually figured out what to look for and where to find talented employees.

So, let’s start with how to find a good web designer.

  [click to continue…]