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Business Failure

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Usually, the acronym, ROI (”Return on Investment”) is reserved for use in characterizing how much money you get out of a deal as an investor. It’s basically a financial stat.
But the ROI for us at StartupNation is something quite different, which I realized as soon as I received this unsolicited email at 7:41pm. Beyond the [...]

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Check out this NYC regional TV show with Brian Lehrer as host (and me silenced in the first few minutes but then unLEASHing my enthusiasm about why now is a great time to start up, once my mic starts working, that is…)
I give a five point prescription for steps to take to pursue your startup opportunity without [...]

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Instead of waiting around, Andrew Field, founder and president of PrintingForLess.com, and an award-winning entrepreneur, created his own economic stimulus plan for small businesses and sent it to U.S. Senator Max Baucus, chair of the Senate Finance Committee.
Senator Baucus took note, and now, Andrew’s idea is spreading across the nation. It was featured on Forbes.com [...]

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In my small business, Centratel, each of our half-dozen key management people has had several years of on-the-job experience. Training managers to operate a telephone answering service is a long, drawn-out affair because it is necessary to understand a myriad of technical details and random facts. The introduction of documentation speeds up this training process, but [...]

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The producers at The Big Idea called asking if I’d make myself available to help out one of their viewers in need. His name was Tony, and here was his situation: He’s a dad of four kids, got let go from one job accepted a new one and that company went bankrupt right before his [...]

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On a recent appearance on The Big Idea with Donny, I was one of three people on a panel. It was our role to help people fed into the show via satellite and phone.
It’s a huge challenge to be in the hot seat and be ready to fire away with valuable advice. But it’s thrilling, [...]

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The number one reason for business, and personal, failure is the “lack of knowledge” about MONEY!
As a successful business owner, running a multi-million dollar retail product placement company, I know first hand how being bad with money can be, and how being cash starved is always fatal.
I hate to admit that I did have money [...]

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I’ve been appearing here and there on The Big Idea with Donny recently. Thought you might get a kick out of how the show comes together and the role of so-called experts (yours truly included) who are invited on the show.
Below are the emailed questions I received from the producers in advance of my most [...]

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For those of you who run a business or are trying to get one off the ground, I bet you’ve had a run-in or two with a crisis of some kind.
It may have taken the shape of a loss of data, or a short-fall in needed cash. Perhaps it was a lawsuit or a personal [...]

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Are you starting a business with a family member or a close friend?
I know, I know. You are incredibly excited. You have a winning, million-dollar idea, and you are pursuing it with one of your favorite people. What could go wrong?
Well, unfortunately, much can go wrong and sometimes it happens very quickly [...]