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Buying An Existing Business Is Less Risky Than A New Startup

MSNBC:
“There’s no doubt that buying an existing small business is less risky than starting one from scratch. Why? Because, unlike a startup:

the business has equipment and inventory;
the business already has a location, and maybe there’s a few more years left on the lease;
the business has employees, some of whom you may actually want to keep;
the […]

Creating a Sustainable Business

SustainableIndustries.com:
The word “entrepreneur,” of French origin, means one who “takes the between.” In my younger days, I viewed entrepreneurs as exploitative—business owners who opportunistically extracted value from an economic flow. But in fact, entrepreneurs can create the flow—or the channel in which the flow can run—by recognizing an opportunity and “taking the between.” By standing […]

Late-Blooming Entrepreneurs

SmartCompany.com:
Many people think that entrepreneurial people have some magic, in-built gene. You know the sort of story – at the age of five, these natural-born entrepreneurs start their first lemonade stand. Later, they drop out of uni to start some sort of company in the garage and a few years later strike it rich when […]

Entrepreneur Magazine’s 2008 Hot List

Entrepreneur.com:   “We’ve busted out the crystal ball to predict the hottest industries for the coming year…”
Be sure to check out all 7 pages!

Startup Tips: Finding Angel Investors

ChicagoTribune.com:
Raising capital to move a company to the next level is a common challenge for start-ups, experts said. Too young to qualify for most bank loans or venture capital, many early-stage companies rely on handouts from family and friends, plus credit card debt, to bootstrap their businesses.
When those are tapped out, most start looking for […]

Today’s Entrepreneurs Offering More Services for Senior Citizens

SeattleTimes.nwsource.com:
A year ago, I couldn’t turn around at startup events without bumping into someone launching a social-networking business.
They knew it was the next big thing and a great opportunity to connect with a young demographic sought by advertisers. Now it seems the market is maturing. Literally.
As in, everywhere I go lately, I meet someone starting […]

Former Teachers Using Their Skills and Experience as Entrepreneurs

Entrepreneur.com:
Teaching is a selfless career. For some educators, changing a student’s life makes all the hard work worth it. But endless piles of papers, insufficient planning time and meager salaries can leave some teachers feeling helpless and unrewarded. A 2007 report from the U.S. Department of Education, National Center for Education Statistics found that half […]

Tales of The Attorney-Turned-Entrepreneur

TheStreet.com:
Even business owners may have trouble grasping the concept at first: lawyers who give up their practice to become entrepreneurs. After all, who hasn’t daydreamed about standing in a courtroom and nailing a murderer, getting him to break down and confess to a horrific crime?
And yet you have people like Ramy Abu-Yousef, 31, who has […]

Most Small Businesses Expect To Grow Next Year

BizJournals: 
Small businesses expect to increase employment numbers over the next 12 months, according a new survey.
Sixty percent of senior executives and managers at small businesses say they expect employment to increase, according to the survey of 180 senior executives conducted by NFI Research. Small businesses have fewer than 500 employees.
For large businesses with 10,000 or […]

Entrepreneurs (Like Donald Trump) Find Success in Their Passions

BusinessWeek.com:
I just returned from giving a keynote speech to 1,000 enthusiastic members of the student association Future Business Leaders of America-Phi Beta Lambda. […] 
In my speech, I reminded the students about something Apple…Chief Executive Officer Steve Jobs said in a Stanford commencement address. “Life is too short to live somebody else’s dream.” Follow your passion, […]

Script Writers: Consider Going Entrepreneurial

LATimes.com:
The Big Picture: As the writers strike enters its third week, I think the future belongs to a tantalizing new hyphenate: the writers-entrepreneur. […]
“Writers who create something rare — a story with great, original characters that movie stars will cut their price to play — have a real value,” says Mandate production chief Nathan Kahane. […]

Entrepreneur.com’s Top 10 Businesses Facing Extinction Within 10 Years

Entrepreneur.com:
Determining which industries aren’t long for this world may seem easy enough. But some types of businesses, such as telemarketing, are surprisingly hard to kill. And then again, other industries, probably the ones you’re sad to see go, can’t find a way to survive.
So start setting up your office pool, because here are our picks for 10 […]

Owning a Home-based Business: What is it really like?

MSNBC.com:

They roll out of bed in the morning and head off for work–still in their pajamas. They work from their dining room tables, stock inventory in their cupboards and arrange meetings in the lobbies of their local hotels. They set their own schedules, jog on the beach during their lunch breaks and give out their […]

For New Entrepreneurs: Advice about Advisors

Inspired.entrepreneur.com:
Whether you call them advisory boards or mastermind groups, much has been said–and written–about the value of good advisors. In one of the programs I lead where we’re helping women start technology-based businesses, we all but require the women entrepreneurs to build an advisory board. […]
If you are new at the whole entrepreneur thing, advice […]

Starting a Small Business: Think through NOW how you will handle Growth!

USAToday.com:

Q: I started a web design company last year and it’s going great – I have more work than I know what to do with. My problem is that I have been asked to do a site that is much bigger than anything I have done before and it will take all my time for […]

More Online Publishers Now Offering “Free” Ad-supported Web Content

WashingtonPost.com:
Rupert Murdoch’s announcement this week that he expects to stop charging for access to the Wall Street Journal’s Web site is the latest example of a publisher giving up on the subscription-based business model — a significant shift in the evolution of online content.
In recent months, the Economist, the New York Times and the Financial Times […]

Guide to Structuring Your Business Startup

WashingtonPost.com:
Choosing how to structure a business can be daunting for any small business owner or entrepreneur. Should a firm be a limited liability complany (LLC), an S Corporation or something else?
“It’s the No. 1 most misconstrued, misinformed decision that small businesses make today,” said tax expert Gene Fairbrother of Dallas.
Much of the decision-making process should […]

Retirement May Be a Great Time to Start Your Own Business

Entrepreneur.com:
There’s a big difference between starting a company as a young entrepreneur with stars in your eyes and launching a business at an age when you need reading glasses. If you’re a twentysomething student with an idea for a better search engine, like Google founders Larry Page and Sergey Brin, you can start over if the idea […]

Do First-time Entrepreneurs Have an Advantage?

TechCrunch.com:
American lives, F. Scott Fitzgerald once said, don’t have a second act. As the New York Times’ Gary Rivlin reported in his profile of PayPal co-founder Max Levchin, Silicon Valley hasn’t noticed. More companies than ever are being started by serial entrepreneurs. The second coming of the Internet bubble, Web 2.0, has in some ways […]

Top 100 Podcasts for Entrepreneurs

Here’s an awesome list of podcasts on many entrepreneurial topics for your enjoyment…
Find it here: BusinessCreditCards.com

Entrepreneurs Discovering: “Niche Retailing is the Way to Go”

BostonHerald.com:
These days some of the most creative niche retailing is happening in local shopping districts, which are attracting a new class of entrepreneur to Main Street and restoring vitality to what were tired retail areas.
“Niche retailing is the way to go today,” says Marilyn Manning, executive director of the Quincy Business Association. “Shoppers today know […]

Immigrants to America Find the Entrepreneurial Dream

ABCNews.go.com:
For centuries, the United States has been the land of opportunity for immigrants — it was a Russian, Igor Sikorsky, who gave America the first helicopter. And Alexander Graham Bell wasn’t American. He was Scottish, but he unveiled the first telephone. Immigrants have been a driving force in business ventures all across America; companies like […]

The Stories of Four Cops-Turned-Entrepreneurs

Entrepreneur.com:
 In May, Gina Scarda was sergeant of the New York Police Department’s Technical Assistance and Response Unit. Just six months later, she has three new titles taking the place of sergeant: franchise owner, holistic health counselor and stand-up comic.Law enforcement officials like Scarda, 46, face a variety of stress on a daily basis. Whether it comes from juggling their […]

Advice for Startups: Entering Business Plan Contests

Upandrunning.entrepreneur.com:
If you can, enter a business plan or venture contest. There are more of them every year. I’ve been personally involved with several, including University of Oregon, University of Texas and University of San Francisco, as well as these two at the University of Notre Dame. Contests are cropping up in lots of new places, […]

Web Entrepreneurs Find a Wide-open Niche Marketing to Baby Boomer Crowd

News.Enquirer.com:
The Internet marketplace is feasting its eyes on 78 million baby boomers who, according to surveys, have embraced this virtual world to do more than e-mail family and friends.
In April, entrepreneur Herschel “Buzz” Peddicord launched Boomertowne.com. Within months he had an estimated 9,000 baby boomers signed up for free membership. And Jeff Taylor, founder of […]

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