News

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Family Business…

I just finished my host and expert analysis script for one of the segments for this series. Our goal is to inspire and instruct you in how these families have built and operate a business for the glory of the King...
via http://www.franklinsprings.com/news/

Ditch the Biz Plan, Buy a Lottery Ticket

Excellent article on the difficulty of getting venture capital and the necessity to bootstrap. The data I've seen is only 1 in 4,000 that seek venture capital actually receive it. Those are not very good odds...
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4 Things Your Employees Want from You

Good advice on managing employees...
via http://web.hbr.org/email/archive/managementtip.php

Proud to be Cheap: The "Secret Sauce" of Low-Cost Winners

If you are writing a business plan, be sure you create a culture that is consistent with your marketing strategy and your target market. The "proud to be cheap" culture at Southwest Airlines works because they are a low-cost airline that serves a budget traveler and it works at Walmart who sells basic goods to budget shoppers in the "low price-low service" quadrant of the market positioning map. That same "proud to be cheap" culture would never work at Nordstroms, who is on the opposite end of the market positioning map in the "high price-high service" quadrant...
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Are Small Businesses Hiring Yet?

Buckle your seat belts...New data would suggest that there is no evidence that America's small business sector -- the sector of the economy most responsible for job growth -- is ready to hire again
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Ten Technology Incubators Changing The World

Want a sneak peek of tomorrow? Check out these innovation hubs.
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The Most Profitable Small Businesses

The bulk of the list consists of small professional services firms such as advisory services, financial services or medical services...
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Don't Let Entrepreneurial Passion Blind You

Clear and succinct advice here...
via http://web.hbr.org/email/archive/managementtip.php

Why Entrepreneurs Don't Need VCs

Launching a business has never been easier or cheaper...
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New Money Going To Venture Funds Down 31 Percent In First Quarter

While the "wait and see" attitude of venture capital fund limited partner investors is understandable given the economy and the difficulty of gaining liquidity (IPO or sale) of previous investments, it is very frustrating for entrepreneurs trying to raise capital...
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