Strategy

Best Business Plan Software

Best Business Plan Software   Best Business Plan Software: using the best software is a critical component of startup success. I have been practicing and teaching new business creation for 35 years and have tended to veer away from 'template' business plans for two reasons: first, they relieve you of thinking and questioning your own assumptions too hard, and second they encourage you to believe that there is a set formula. However, that was before I encountered LivePlan from Palo Alto Softwar...

Raising Capital with an Internet Go-Between

Raising Capital with an Internet Go-Between Entrepreneurs often come across finance brokers of various kinds, including many on the Internet, but I recently met Hall T Martin who founded TEN Capital in Texas. Hall T has created an organization that has been very successful in raising capital for new ventures in Texas. I forecast that we will see more of this kind of new Go-Between, elsewhere in the United States or across the globe, if TEN Capital doesn't get there first. What is special abo...

10 Ways Entrepreneurs Can Change the Social & Economic Story

10 Ways Entrepreneurs Can Change the Social & Economic Story Men and women who create for-profit and nonprofit new ventures can and should do things of the kind that the President-Elect is likely to neglect, negate, or avoid. Entrepreneurs can quietly change the story, one organization at a time, whatever government may or may not do. Here are ten ways venture founders can alter the course implied by what we know of Donald Trump's intentions. They are all within our own authority, not t...

What about us little local guys ‘n gals

What about us little local guys 'n gals? "There is plenty of conventional "establishment" writing and advice to startups as to how to raise money from billion-dollar VC funds, how to design companies for rapid growth then acquisition by big pharma/tech, how to ingratiate themselves with bankers and high finance—in general, how to become the growth cogs for the 1% (by convincing the founders/management that they personally can join the 2% as a goal). There is very little true attention to smal...

Small Town Teams—Located Anywhere

Small Town Teams—Located Anywhere The beauty of the new digital landscape is that small town and rural entrepreneurs have totally unrestricted access to talent. One of the issues, though is that remote locations do not have pools of talent close by. So it's vital to have easy and good forms of collaboration. The market for oftware and applications for team working is a very crowded space. Finding the tools that really work for you is tough. In my College, we use Google and all its apps (like ...

Restaurant Startups Best Advice

Restaurant Startups Best Advice My former student, Cody Durant, on the Marlboro College MBA in Managing for Sustainability has written an Ebook that all restaurant entrepreneurs would be well advised to buy and read right away. The book is called Redefining the Restaurant Experience: Transitioning to Sustainability. It is set out like a restaurant menu, with three courses and a desert. It is very nicely done and easy to read and assimilate. The book is well illustrated and has many short inter...

10 New Conditions of Business

10 New Conditions of Business I have just published a set of 1o New Conditions of Business, to help entrepreneurs recognize some really important trends that are most likely affecting their startup whether they know it or not. They are all very important and complex. I don't begin to think that my introductions are the best in the world, nor is the list necessarily complete. I invite readers to review what I have written, comment, add, or suggest improvements to the set of ten topics, which a...

Wrap This Around Your Head

Wrap This Around Your Head I am very grateful to have been asked by the son of colleague at Marlboro College, where I teach on the MBA program, if I had any advice on his application to an amazing new academic institution that combines art, technology and the business of innovation. Not having heard of it before, I found out that this disruptive initiative is one of the most exciting things happening in entrepreneurship learning. With a visionary $70 million gift from music-industry leaders Ji...

Startup Basics: a book for business owners

Startup Basics–a book for business owners The Mobile Boardroom: Top Tips for Business Success by Nik Askaroff & Julian Clay is a compact, no-frills guide that covers the main commercial areas of business. You can read the book in one, or maybe two, sittings and get a full picture of the things you need to cover in setting up and running a business. The book is one of the most down-to-earth and un-flashy guides I have come across. The simple model of how to create a business concept is a ve...

A New Book Entrepreneurs Should Buy

A New Book Entrepreneurs Should Buy I already promote heavily the use of Business Model Generation by Alex Osterwalder et al, and now they have published Value Proposition Design and a new Value Proposition Canvas to go with it. What's important about the new canvas is that it overlays the two key boxes on the Business Model Canvas: the Value Proposition box and the Customer Segments box. Why is this? Because the square in the VP canvas is about what you offer and the circle is about what the ...