Business planning

As an entrepreneur, it is inevitable. One of these days, your best laid plans will be derailed by an unwelcome surprise. Whether it’s your hard drive crashing, the IRS knocking on your door or a flood destroying your office, we, as entrepreneurs, will all be faced with our own disaster some day. When that disaster [...]

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Road Trip Tip: Connecting to Your Data While on the Move

September 29, 2010

Trip data Days: 21 Flights: 14 Miles traveled: 23,013 Current location: Oranjestad, Aruba Next Stop: Castries, St. Lucia Recap Following a rough trip to and from Bogota, I finally made it to Boston via Orlando. Arriving in Boston haggard after 14 hours of traveling and detention by Colombian and US Customs officials, I made the [...]

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The First Road Trip Post and a Business Tip

September 9, 2010

My one-bag mobile set-up Trip data Days: 3 Flights: 2 Miles traveled: 2676 Recap Work: On the flights (of course), at Starbucks, and acted as a gaffer for a photo shoot at a location outside New York City. Work-out: Track intervals, jump-rope, bleachers The trip started off with a whimper as I was hit with [...]

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What is the Big Idea?

September 2, 2010

A key component of the Art of Business is recognizing and evaluating big ideas as good opportunities. Notice that big idea ≠ good opportunity. There are many factors influencing the big idea-good opportunity diagnosis, including market readiness, growth potential, gross margins and many others. Ideas interact with real-world conditions and entrepreneurial creativity to determine opportunity [...]

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Elements of a Good Professional Services Contract

August 12, 2010

As I’ve mentioned before, I believe that a well-thought-out written contract is a crucial component to building a successful professional service business. The contract serves a number of important purposes, the primary being the clear establishment of everyone’s expectations. A common mistake made by new professional service providers is to jump into a project without [...]

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Do I Need A New Business Entity?

July 20, 2010

A reader asks: I am an independent freelancer and have a question about whether I need another business entity for a new line of business. Over the last few years, I have operated two websites focused on environmental issues. Through these sites, I provide resources and tips on sustainable living and make money through advertising, [...]

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Is the Juice Worth the Squeeze?

July 6, 2010
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Get Lean

June 28, 2010

“You’re a lean, mean, fighting machine!” -Bill Murray as John Winger in Stripes What comes to mind when I mention that your business should be running “lean?” If you are a management consultant “lean” would mean: A generic set of management strategies used to change the culture of organizations to bring about dramatic improvements to [...]

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Where Are You Now?

June 27, 2010

We’ve all heard the cliché, “those who fail to plan should plan to fail,” but in the crush of daily activities, business planning tends to take a back seat. But, mid-year is a great time to dust off the business plan and re-evaluate your company’s strategic direction for the rest of the year in light [...]

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