The most important thing for any entrepreneur is learning from mistakes, and nobody says they have to be yours. Most small businesses can't afford errors. Luckily the recent recession provides many mistakes from which to learn;
I have personally been through the process of raising investment, so I am proof positive that it is possible for an inventor and entrepreneur to raise cash, even in today's economic climate.
As an entrepreneur, you want to be on the lookout for the newest trends that help keep you lean and profitable. One thing you may want to consider is implementing an online network as an integral part of your business.
First it was a web browser. Then it became an operating system. But look a step further, and it鈥檚 not hard to see how Google鈥檚 Chrome could potentially become the springboard for an entirely new generation of entrepreneurs.
When customers are suffering job loss, housing loss and the rising price of everything, small-business owners need to ensure they still get paid. In a down economy, should entrepreneurs be tougher when accounts become late or past due?
Jo Heinz is president of Dallas interior architecture and design firm Staffelbach. Entrepreneur.com asked Heinz for advice on designing a home office for maximum efficiency. Here's what she had to say:
When customers are suffering job loss, housing loss and the rising price of everything, small-business owners need to ensure they still get paid. In a down economy, should entrepreneurs be tougher when accounts become late or past due?
Google's new operating system has serious small-business potential. First it was a web browser. Then it became an operating system. But look a step further, and it鈥檚 not hard to see how Google鈥檚 Chrome could potentially become the springboard for an entirely new generation of entrepreneurs.
Failure is an option. It's how you cope with it that counts. In 30 years as a psychotherapist and coach to entrepreneurs, I have not worked with one who failed to tell me, irrespective of how it was faring at the time, that his business would ultimately succeed.
Partnerships can turn out to be a blessing or a curse. For every thriving partnership featured in Entrepreneur, there are thousands that end up stagnant, dissolving, dysfunctional or worse--in court. More often than not, performing basic due diligence can keep you from ending up in bad partnerships.