“How do I know if a business is the right way to make the difference to the area I want to explore?
I’d say let it grow organically. Start it on the side, and then when it starts taking off, then you turn it into a business. I started Global Cycle Solutions with intentions of going back to grad school after 6 months, but then an investor came in, and I was like, I’m not doing this halfway…I’m all in! I bet you’ll hit a transition point like this when the time is right.
How do you pull yourself out of a conventional job—which is secure and paying the bills—and find the courage to strike out on your own?
It’s actually the most adventurous thing you’ll ever do. I think what makes it terrifying is the fear of making mistakes. There’s no mistakes, just mountains of things to learn! Just follow your heart and your passion, and I think you’ll find happiness.
What are some common mistakes future entrepreneur’s should seek to avoid?
Assuming that they know everything, and their model is the only one that works. Go in and learn first. Then figure things out.
What is the best way to determine if one should run as profit or nonprofit?
For-profit vs. nonprofit is just a tax status. I think if you’re in education, stick to nonprofit and find revenue-generating models…” READ MORE
Source: www.echoinggreen.org
How to Develop Your Fund Raising Strategy
Raising money is hard. And when you’re relatively new to the process it’s easy to be confused by the process. There is all sorts of advice on the Internet about how to raise capital. Of course much of it is conflicting.
I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. I’ve raised in boom markets and when everybody thought the Internet was a fraud. I’ve raised seed rounds and A-D rounds. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies.
And of course I’ve sat on the other side of the table: As a VC. I now observes the fund raising process as a profession. And I also now have to … [... READ MORE ...]
Source: www.bothsidesofthetable.com
How to Start a Company
The following article gives great details on how to start a business in the USA, including names of banks, and merchant accounts you can choose from. You’ll learn about all the necessary steps you need to take to launch your start up!!
Enjoy!
Do You URBIO?
I have just discovered these entrepreneurs and loove their URBIO, urban vertical gardens!! check it out here: URBIO
If you’re planning to launch a business in 2012, you’ll need every last penny you can get your hands on. That’s why we put together a guide to free and low-cost resources to help you ease smoothly into the world of entrepreneurship.
It’s still tough out there. Credit remains relatively tight, and consumers are cautious. So arm yourself with valuable information that will help you to get off to a winning start. We’re here to help. Here are the essential steps you’ll need to take to get your new business off the ground.
Figure out the right concept. To be successful and happy in your own business, you need to think seriously about how you like to spend your time and where you want to live. After you’ve come up with a business concept that suits you personally, the next step is to [READ MORE]
HAPPY NEW YEAR!!
HAPPY NEW YEAR!!
MAY 2012 BE A YEAR OF ACTION, GROWTH AND ENTREPRENEURIAL SUCCESS!
