Entrepreneurship Articles

Richard Branson, billionaire founder of Virgin Records and Virgin Atlantic Airlines, may be better known for his efforts to circle the globe in a hot-air balloon than for his business successes. He suggests that "Being an adventurer and an entreprene...

Business opportunities are often based on broad trends, such as: • demographic, such as the "graying" of America (creating opportunities in health services, for example); • sociological developments, like the "green" movement, with its emphasis o...

Every business has to start somewhere. What truly makes this country great is the freedom of enterprenuership that every one of its citizens have. Capitalism at its best signifies the power of a single person to reach monumental goals and turning a...

Have you ever heard of an ultramarathon? A standard marathon is just over 26 miles. An ultramarathon is usually on the order of 50 or 100 miles, though there are some that span one thousand! Imagine the endurance required to run such a race. Running ...

DON'T talk to me about education for entrepreneurs. They're pouring far too much public money into it already - not counting the millions some well-known Scottish entrepreneurs are prepared to waste on it. And all because far too few of our youngster...

One of the most important management tools a franchised company needs is a great computer system. The system must integrate with all the franchised outlets and also be able to interface with the Corporate HQ computer system. There are many companies ...

The long-term outlook for the Mobile Car Washing industry is positive. It is ripe for savvy company to develop regionally or nationally to dominate the market. Currently in the mobile car wash industry there is no well-known companies as is the case ...

With the growing number of franchise offerings recently it is difficult for the smallest franchise companies to compete. They generally do not have the advertising budgets to pick and choose which markets the franchise prospects will be calling from....

It is paramount that all franchising companies work hard in the critical launching of all franchises in their new territories. In this present period most franchisees come into the franchise systems with much personal debt and barely squeak by on the...

Many franchise companies fail to send the proper message to their prospective franchisees. This is partly due to the over regulation and intensity of litigation in the industry. Smaller franchisors are generally hurt the most from these factors and c...

When franchise companies are moving fast in the market place they must pay attention to the details. If a franchisor fails to give the required items as outlined in the franchise agreement to the franchisees on the prescribed timeline they risk legal...

Okay, I'll begin by telling you that I've been divorced for about 5 years, have an amazing family and by anyone's standards, I have a wonderful life. I worked in the film industry for almost 9 years for my ex-husband's company. But when we split, I h...

Franchising Information Franchise oppotunities are all around us today. You may pop into Starbucks for coffee and then head for lunch at MacDonalds before returning home and ordering your dinner from another local franchise, Pizza Hut. Many of the m...

Last week I was working with one of my small business clients, a bright and dynamic woman who's passionate about positioning her artisan business for growth. We were talking about her financial picture and forecasting robust sales over the next three...

With all the buzz about everybody being an entrepreneur these days wouldn't it be nice if you could really find out if you have what it takes? Sure it would. The following profile was adopted over a period of several years of research from successful...

With billions of dollars of venture capital residing down the street on Sand Hill Road, two Stanford professors are attempting to answer a fundamental question "why does it always take longer and cost more to build a hi-tech company than anyone ever ...

When raising capital for a business venture, a company can either raise debt capital, equity capital or a combination of the two. Debt capital is money loaned to the company at an agreed interest rate for a fixed time period. Conversely, equity capit...

Many of us slave away for years for one uninspiring company after another and dream of the day when we can sack the boss and go it alone. If you're contemplating starting your own business then I'm here cheering you on from the sidelines because the ...

Times are tough. The economy is in a constant state of upheaval. Is your company doing better than most? Are you placing greater emphasis on pure performance? If you haven't maybe it's time for a serious round of intense corporate soul searching. ...

Ah, coffee, the drink of choice when I want to share a special moment with friends, when I want to sit and ponder life or when I want a moment alone. I am an avid coffee drinker. I love coffee and I love the atmosphere of a good coffee house, a caf...

All franchised companies must have Territory Limitations to maintain the peace within their systems. Often the unspoken ethics of territory limitations are blurred with mobile, home based or online franchise companies. Territory limitations in fixed ...

You've probably heard this, or maybe you will relate to this personally. Have you ever arrived somewhere and wondered, "How did I get here?" or "Why am I here?" Have you ever wondered if you've missed the boat (with your family on it)? Life is a batt...

Forging partnerships to improve market penetration has become commonplace, particularly for "new economy" businesses. And, most companies proudly mention their many partnerships in their business plans. The fact is that, regardless of whom the partne...

This year, over 800,000 of the approximately 2,000,000 start up businesses will fail! Nearly 1,000,000 of those remaining will fail within 3 years. Why do so many businesses fail? Many studies show that approximately 98% of all failures occur bec...

Does the idea of running your own business sound exciting? Do you have a business up and running and want to take it to the next level? After coaching hundreds of entrepreneurs at various stages of their evolution, I've found that the answers to th...

There is a new breed of entrepreneurs that is already beginning to make their mark on our world. I am one of them. We are the eighties generation. We are as the music group POD says, “The Youth of the Nation.” While yes, there are many of us who ...

Now that we have a good background on how the market system developed, it is important to take a look at how the market system of today works. To do this, we will look at four important concepts—that of the factors of production, supply and demand,...

To get a product from parts to consumer in the old economy it would often take five or more companies. There would be a parts supplier, a product manufacturer, a jobber, a wholesale, and a retailer who would finally sell to the end consumer. With eac...

The first thing to do is determine whether you will be manufacturing your product in-house or outsourcing your manufacturing. In cases where production requires heavy and expensive machinery, you’ll want to outsource production initially. In cases ...

Before you can start a company, you must decide on what you will sell and how you will make your money. This is called your revenue model. Experienced entrepreneurs often have a number of business ideas, that given the time, they would like to pursue...