TESTING Reduces Risk and Maximizes Success

Oftentimes entrepreneurs-blinded by their belief in their new product idea which is reinforced by their loved ones-lunge full force forward in the production and marketing of their can’t miss product. They will invest in some or all of an optimistic quantity, expensive brochures, displays, molds, public relations campaign, advertising, and more. All this, based on their personal beliefs. Optimism and confidence are valuable traits for an entrepreneur, but sometimes they are misguided and extremely costly. No one is smart enough to know in advance how consumers and the market will…

4 Ways to Add Value to Your Startup As the Non-Technical Co-Founder

So you have an idea for a startup. Being the dreamer that you are, you can’t help but zone out and imagine waking up every morning excited to create something you can call your own. You think about how revolutionary your idea is and how it will change the face of communication, art, or perhaps humanity as you know it. The problem is that you have absolutely no clue about where to start. Learning programming on your own is out of the question and you’re paranoid that anyone you tell…

3 Olympic Ways to Positively Succeed in This Economy

So who’s come into work bleary-eyed from the late-night Olympics? Here’s what I’m discovering from these athletes that is creating some gold for my businesses… and can for yours, also. Ignore Conventional Wisdom and Limits After he didn’t win gold in his first race, the pundits spun Michael Phelps as not ready for London. They placed limits on what he would accomplish based on one event. He now is the most decorated Olympian ever with 22 medals. The world had yet to experience an African-American woman gold medalist in gymnastics.…

4 Tips To Be An Effective Delegator

Delegation is an important skill that an aspiring entrepreneur will need to develop when they are expanding their business. There simply is not enough hours in a day or a week to complete every task yourself if you are to further your business. This is where delegation plays a crucial role. For the entrepreneur who has launched a business and has started to employ others there are probably many reasons for you feeling that you do not want to delegate. After all no one cares about your business quite like…

Can I Start a Hedge Fund If I Have $1,000 to Invest?

I have $1,000 to invest, can I start a hedge fund? Well, hedge funds are generally considered to be investments that have pools running into the millions, but if you really are in love with the idea of being a hedge fund manager, there are various ways to go about it. Firstly, you can use $1,000 as a starting point for this fund, but naturally then your investments will be very small ones, with returns that aren’t expected to be all that big, so you will essentially be a small…

Is Your Small Business Bookkeeping Ready For 2013?

It’s that time of year again. No, it’s not National Bookkeeper’s Day (no one has quite gotten consensus on when that is!) It’s time to get your financial statements ready for 2013. What are the signs you need to start prepping for the new year? First, you see recipes for turkey everywhere. Then the lines wrap around big box retailers as people try to get the lowest price of the year on an iPad mini. Then it’s Christmas, Hannukah, lots of food, office parties. (We offer some tax tips for…