Author Archives: mark

I hope you’ve enjoyed reading MBA-A-Day, and more importantly, I hope you’ve learned something. I would leave you with 3 final thoughts: If you want good results, you absolutely have to do the work. That means making the spreadsheet, writing … Continue reading →

Remember that cash is king. Know the difference between cash and revenue. Revenue means that you expect to get paid a certain amount of money at some point for services rendered and goods provided. Revenue is not useful for paying … Continue reading →

You have to have an exit. One of the best exit strategies is to get bought by a larger company–or even a competitor. You can even start your business by getting funding from your eventual purchaser. You propose to a … Continue reading →

Matching your type of funding to your objective–to your exit–is the key to success. There are three main types of funding: grants, debt, and equity. A grant is money that is just given to you–usually by some sort of governmental … Continue reading →

This was my final class, and it was amazingly practical and educational. There were so many lessons I decided to divide it into several entries. Enjoy! People are messy. Nowhere in business is this more true than in entrepreneurship. Most … Continue reading →

Finally, something that has no ambiguity: the law is the law. Right? Right? The fact is, if you end up in court, you’ve already lost. It’s going to be expensive and time-consuming to win your case, even if you’re 100% … Continue reading →

A popular story about negotiation goes as follows: two sisters both wanted the same crate of oranges. But as they talked about it, they realized that one of them just wanted the peels for use in a recipe, while the … Continue reading →

When you make dinner, you need a menu. When you start a business, you need a plan. A Business Plan. A Business Plan is a formal document that you use to describe your business: what you intend to do, how … Continue reading →

Entrepreneurship is business. It’s the whole enchilada. It’s finance and HR and marketing and R&D and sales and making coffee and answering phones and probably some amateur carpentry. It’s about making something out of nothing. It is, by far, the … Continue reading →