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Ivy League Education Absolutely Free

As I've written before, the entire college and university system is completely outmoded in today’s wired world. The university construct with its aggregation of professors and libraries came into being due to the scarcity of books prior to the printing press when students traveled to the •••

The Problem with Being First

Those of us that participated in the craziness of the dot com days in the late 1990's through 2001 will no doubt recall that there was a rush to be first-to-market and launch your company quickly with the coveted "first-mover advantage" status.  Simply having that phrase in a venture capital •••

The Problem with Employees (Compared to Family Entrepreneurship)

If you have employees in your business or if you manage employees, you will know what I mean when I say that the current system of employing employees doesn't work very well -- especially when compared to a family business with a family working together.    In early American history •••

Former Military Officer Uses His Leadership Experience to Build a $32 Billion Company

This is the story about Fred Smith and FedEx, an idea he came up with while in college.  His professor was not impressed with his term paper that laid out his business plan, but Fred went on to build a $32 billion business.  This is a great story of creative thinking and •••

Defining Success in the Restaurant Business

You've probably heard that most start-up restaurants fail, but that is merely a myth according to one business professor based upon his latest research into restaurant failures and successes.  While running a restaurant is not necessarily a great fit with the context that most Christian •••

Why Employees Hate Performance Reviews

It's that time of year again when we review all of our employees at my property management company.  It's a process that we all dread because of the time and effort and the potential for people to get sideways with each other.  Here is some simple advice that I found helpful about •••

Launch Your Food Business with the Help of a Kitchen Incubator

You've heard of business incubators that offer shared office space and business advice and you're certainly aware of New Venture Lab as a virtual onilne business incubator, but have you ever heard of a kitchen incubator?  If you have a food business in the making, you should consider this •••

Failure is Part of Success

During U.S. Army Ranger training, we were trained in hand-to-hand combat, including how to fight with knifes and how to defeat an opponent with a knife (or unfixed bayonet).  We “fought” with rubber knives which helped us gain expertise without a lot of physical damage to each other, •••

Top 25 Franchises

Each year Entrepreneur Magazine ranks the top franchise opportunities.  I’ve pasted below their most recent list of the top 25 franchise opportunities.   Of the top 25, eleven of the franchises are fast food, six are retail while two each were in the travel and leisure, janitorial •••

How One Faithful Father Prepared His Son, Part II

A few weeks ago, I wrote about an exceptional young man I had met that stepped in to run a family business brokerage/mergers and acquistions business at only 18 years old (click here to read the post.)  Since many of you may want to know more how this young man's faithful father and •••

How One Creative Entrepreneur Built a Multi-Million Company During the Depression with No Capital

Here is another very inspiring story about entrepreneurship and creativity.  The most creative entrepreneurs I know are those that work hard to find creative ways to accomplish their goals and get others to share risk along with them.  While many entrepreneurs stand in line hoping to get •••

Powerful Lessons Learned in a Manufacturing Context

One of the most powerful learning experiences I had when I worked at the Mobil Chemical division of Mobil (now ExxonMobil) involved manufacturing operations strategy and what can happen when you get it wrong.  One of the products we produced was plastic grocery bags -- the “t-shirt bags” •••

How a 17-Year-Old Built a Multimillion-Dollar Business

I don't know about you, but I just love to hear stories about how successful entrepreneurs did it - the steps they took, the pitfalls that almost did them in and their lessons learned. This is a terrific story about a 17-year-old college freshman that built one of the world's largest •••

Cautions on Angel Investors

Angel investors are wealthy individuals that make individual venture investments in start-up companies.  They typically invest $25,000 to $250,000 and often are the intial venture funding source prior to a larger institutional round of $1 - 5 million or more. But not all angles are saviors, •••

How One Faithful Father Prepared His Son, Part I

I met a very sweet family last night with a bittersweet story.  Their husband/father had been called home a couple of years ago after a short two and a half month battle with cancer.  But even though the father left this earth, his legacy lives on in his wife and two •••

Start a Business Just to Learn

I was recently talking to our two interns about their next steps after their internship with New Venture Lab.  They are Godly young men in their early 20’s with some good work experiences and they are eager for the next phase of their lives.  In addition to working closely with me in a •••

Guest Blog: Overcoming Adversity

Our families and our households are often under pressure and attack from the outside world.  We are called by God to be a city on a hill, an example for all to see.  But in the early stages of building our “city”, when there are numerous vulnerabilities, we must often build with a •••

Industry Consolidation Patterns

Industry consolidation is the process when a few companies start buying up other companies in the same industry and the number of competitors in an industry shrink dramatically.  The main goal for the consolidators is to grab market share, cut costs, boost productivity and improve investment •••

Guest Blog: All About Patents

PATENT STRATEGIES FOR ENTREPRENEURS   BACKGROUND ON PATENTS   This analysis explores some recent globalization trends and historic changes in US patent law with special attention to possible impacts of these trends and changes upon independent inventors who may wish to consider getting •••

The Formula for Entrepreneurial Success

There are many ways to think about what determines an entrepreneur’s success and I must admit that until recently I had not structured my thinking on this as much as I could have. As a venture investor, I’ve made the same mistake as most venture investors in going mostly by “gut feel” on •••

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Family Works: Inspirting Profiles of Family Business - Volume Two

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Startup Financial Model Website

The Startup Financial Model a detailed, multi-sheet, completely integrated, easy-to-configure Excel-based business plan model for those who are planning or running a startup or small business and want an excellent financial model to enhance their business plan and capital-raising efforts. This companion site of ours includes step-by-step video instructions and customers choose what price they pay.