Category Archives: Business

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 →

If “A = L + E” is the heart of accounting and “credibility” is the heart of leadership, then the heart of career growth is “networking.” Networking means you try to get to know people who know people. It’s not … Continue reading →

Financial statements are reports that publicly-traded companies are legally required to file by the Securities and Exchange Commission (SEC). In order to be traded on a stock exchange, companies need to reveal a surprising amount about their financial situation, to … Continue reading →

Keeping your business running from day-to-day is tactics, or execution. You’re making sure the donuts are made on time. But all the big, long-term decisions–what kind of donuts to sell, what hours you’re open, the number and location of your … Continue reading →

The single most important part of a project is a shared, detailed, clearly-understood and agreed-upon description of what it is that you’re trying to end up with. Most projects fail because of some minor detail, glossed over in the planning … Continue reading →