Blog Profile / The Entrepreneurial Mind

Filed Under:Business & Finance / Entrepreneurship
Posts on Regator:149
Posts / Week:0.4
Archived Since:June 8, 2008

Blog Post Archive

When Lightening Strikes

Most entrepreneurs dream of that one big break. For some businesses it is getting the one big customer. For others it may be betting that magical "shout out" from a national thought leader or big time media outlet.Should you always walk...Show More Summary

The Entrepreneurial Generations

If we have any hopes of entrepreneurs leading us into a new period of economic growth the evidence is that they will come from two generational groups -- the Millennial Generation and their parents the Baby Boomers.A lot has been written...Show More Summary

Business Modeling is Process, not an Event

Developing a sound business model is key to the successful launch of a business.But you should never assume the business modeling is finished once the business begins to grow. Keeping a business model current is critical for long-term...Show More Summary

Working On the Business Easier Said Than Done

Entrepreneurs face a difficult challenge in how they should be spending their time as a business grows. The dilemma is commonly referred to as needing to "work on the business rather than work in it." Typically, entrepreneurs are heavily involved in working directly with their customers during the startup phase. Show More Summary

A Time for Plan C

One of the bootstrapping techniques I like folks to consider is keeping your day job while your venture to getting up to speed. This has become a more common financing strategy now that the weak economy has put a hit on the ability of friends and family to provide start-up financing. Show More Summary

Finding Balance Between Family and Business

I have written often about the challenges for entrepreneurs of finding balance between the strong, often conflicting pulls from family and from their business. Toddi Gutner offers three case studies on entrepreneurs who have worked at...Show More Summary

Avoid the Backward Start-up

"I've developed this really cool product and I have applied for a patent.""I want to show you this awesome app that I helped design.""We've got a great idea for a website."Those of us who work with entrepreneurs hear these types of introductions all the time when people come to meet with us. Show More Summary

Some Trends for 2012

So what can small businesses expect for 2012? My general advise continues to be cautious! While we are seeing some of the small business surveys showing optimism increasing and more importantly employment improving slightly, I worryShow More Summary

Luck and Serendipity

While entrepreneurial success is tied to careful feasibility assessment, business modeling and planning, never underestimate the role that luck plays in an entrepreneurial journey.I am not suggesting that aspiring entrepreneurs just sit and wait for an opportunity to come to them like a bolt of lightning out of the blue. Show More Summary

More Money is not Always a Good Thing

One of the biggest mistakes I made during my days as an entrepreneur was raising too much money.Because our business was successful, we had investors eager to offer us money. But by taking money when we really did not need it, we found...Show More Summary

Some Lessons from 2011

Jeff Wuorio shares a collection of 2011 lessons learned from various entrepreneurs that he posted at Business on Main.Here are two of my favorites:"The biggest lesson I learned in 2011 was for our business to question our beliefs. We all have preconceptions about what our customers want, how best to market to them, how best to support them and so on. Show More Summary

Taking on the Big Boxes

Don't think you can win taking on the big box retailers? See how the Toy House in Jackson, Michigan has found a way to compete and hold off the category killer at this video clip from Business on Main. Note that the key is finding a different value proposition than the big box retailers that customers find to be one that trumps simply slashing prices.

When is a Failed Concept a Success?

A student come up to me before class the week before their business plans were due this past semester looking very dejected. "My concept just can't work," she said. The more she tried to pivot the business model, the more she uncovered...Show More Summary

News Bites Trump Sound Policy Once Again

Politicians have been searching for a defining issue to crystallize the "us versus them" game that has been going on in Washington for the past several years.The latest is the temporary $1,000 payroll tax cut that is set to expire at the end of this year. Show More Summary

Kopecky Family Band Named Top Live Act

One of our recent alums, Gabe Simon, is a member of the Kopecky Family Band.The key to their business model, which Gabe worked on in our program, is to build a strong, loyal following that has a sense of community with the band. A key...Show More Summary

End of a Business Does Not Have to be Failure

Sometimes an entrepreneur reaches a crossroad. While the business that they have started shows potential, they may come to the realization that the only chance it has of being sustainable will require raising money to grow it to the next level. Show More Summary

Building Community Through Hiring -- A Follow-up

I wrote a post back in October about a program that is encouraging small businesses to hire released inmates who have participated in an educational program.Fox News picked up on my post and contacted us about running a story on the program I wrote about. They ran a story that highlights inmates who have had success with this program. Well worth a view, which can see here.

Sources of Seed Money

Even thought money for entrepreneurial ventures is tougher to find than it was in the boom times, there still is money out there. Even seed stage ventures can find backing if they are patient, determined, and have a strong enough business model.Susan Schreter in an article at Business on Main identifies twenty seed stage funds from around the country.

Millennial Entrepreneurs Waiting in the Wings

Based on the history of previous economic downturns, America's entrepreneurs will need to play a key role in helping to rebuild our economy.So, just what is the current mindset and makeup of those in the entrepreneurial sector of the U.S. Show More Summary

Welcome, Eleanor!!

Congratulations to our son and his wife on the birth of their first child yesterday!!Eleanor Cornwall (five hours old) meets Lucy Kuyper (two months old)!!

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