Friday, April 18, 2014
Top Entrepreneur News

Sat, 19 Apr 2014 05:00:00 -0500

Robin Chase says that to make positive change on a large scale, social entrepreneurs need to make sure they are first and foremost catering to the needs of their customer.

Sat, 19 Apr 2014 04:30:00 -0500

A new generation of corporate buyers is seeking ways to evaluate enterprise technology in the same way that shoppers tap Yelp for insight about consumer products.

Sat, 19 Apr 2014 04:00:00 -0500

Trying to pick the best option as you move through the startup paces? Gain insights from someone who's been through both types of programs.

Sat, 19 Apr 2014 03:00:00 -0500

Adoption of better safeguards in the physical world will drive criminals to electronic theft, argues payments validation entrepreneur.

Sat, 19 Apr 2014 02:18:00 -0500

You’ve probably seen that viral video claiming moms have the toughest job in the world. Now, men are getting their time in the limelight with a parody video by Bud Light.

Sat, 19 Apr 2014 02:00:00 -0500

With consumers' attention span shrinking by the second, companies need to think quickly. One solution is micro-content.

Sat, 19 Apr 2014 01:30:00 -0500

Increases in staffing at a growing company can pose a challenge when juggling the wide swings in client workload.

Sat, 19 Apr 2014 01:29:00 -0500

Olle Lundberg, founder of Lundberg Design and the man behind Twitter's birdhouse-themed San Francisco headquarters, shares tips for improving office productivity and morale.

Sat, 19 Apr 2014 01:23:00 -0500

Fast-food chains have been trying to one-up each other with wacky offerings like the Waffle Taco and Chicken Corsage. Here are some of the weirdest items on the menu.

Sat, 19 Apr 2014 01:00:00 -0500

If you hit it right, antique toys can be a highly valued part of your investment portfolio.

Sat, 19 Apr 2014 00:49:00 -0500

Mothers are some of the most engaged people on Facebook, so make sure your business has a Mother’s Day campaign ready.

Sat, 19 Apr 2014 00:28:00 -0500

If you're not sure where to locate your business, these tips can help you decide whether to start at home or rent commercial space.

Sat, 19 Apr 2014 00:14:00 -0500

Target's online subscription service launched in September with just 150 baby-care items. Now, it's increasing its product offering tenfold, offering everything from K-cups to dog food for regular delivery.

Sat, 19 Apr 2014 00:00:00 -0500

Buckling down to accomplish heaps of tasks seems to have fallen out of fashion lately. But success demands massive amounts of this very stuff.

Fri, 18 Apr 2014 23:30:00 -0500

Instead of being afraid to share information about your firm, embrace it as a new way to hire (and retain) social media-savvy job seekers.

Fri, 18 Apr 2014 23:25:00 -0500

More Americans report they would rather forgo sex than a mobile phone, and almost 70 percent of Americans say they check their mobile phone even when it hasn't made any indication of a message arriving.

Fri, 18 Apr 2014 22:30:00 -0500

Content marketing and social media expert Jayson DeMers talks about one of the big social trends to watch out for in 2014.

Fri, 18 Apr 2014 22:13:00 -0500

A security hole allowed data thieves access to some customer card information but not names, addresses or PINs.

Fri, 18 Apr 2014 22:00:00 -0500

Television interviews are a high-stakes game that can pay major dividends. With these strategies, you’ll be able to enhance your ability to get your message across.

Fri, 18 Apr 2014 21:30:00 -0500

Pitching to investors can be a full-time job, but if you prepare yourself for meetings, it can save you precious time.

Fri, 18 Apr 2014 21:00:00 -0500

Nonstop flights are great. Nonstop talking seatmates? Not so much. We turned to some experts for help.

Fri, 18 Apr 2014 20:00:00 -0500

A snapshot of what works best in the current Facebook landscape and how quickly things can change.

Fri, 18 Apr 2014 19:30:00 -0500

Professional coach and Entrepreneur.com contributor Lindsay Broder on what you need to keep in mind when managing a startup -- and a team -- through a rough patch.

Fri, 18 Apr 2014 19:00:00 -0500

Sonja Rasula was tired of boring business conferences. So, she used her summer camp memories as a launch pad for CAMP, a new kind of networking event for adults.

Fri, 18 Apr 2014 18:30:00 -0500

After her father's death, Jane Daume was inspired to become a franchisee for an in-home care business for seniors.

Fri, 18 Apr 2014 17:31:00 -0500

In the wake of the recent Heartbleed SSL bug revelation, it's more crucial now than ever to update all of your online passwords. Here's how in one easy, neat and tidy infographic.

Fri, 18 Apr 2014 17:00:00 -0500

A device called the MIDI Sprout, which transforms plant biorhythms into a sort of music, is sowing major seed funding on Kickstarter -- to the tune of over $27,000.

Fri, 18 Apr 2014 03:36:00 -0500

The American food manufacturer has made an unprecedented sneaky, (anti)social media move to keep itself out of court.

Fri, 18 Apr 2014 03:30:00 -0500

A recent court ruling finds companies aren't protected from suits by public figures if corporate ads feature them without prior consent.

Fri, 18 Apr 2014 02:25:00 -0500

Facebook's latest feature allows you to see which of your friends are near your physical location in real time.

Fri, 18 Apr 2014 02:20:00 -0500

Boston Pizza customers can now vote on whether the chain should begin selling a Pizza Cake, a gas-powered pizza cutter or a pizza air freshener.

Fri, 18 Apr 2014 01:40:00 -0500

According to a new Pew study, if you're like a lot of Americans, you'd like to own something that gets you places faster, lets you time-travel or somehow prolongs your life.

Fri, 18 Apr 2014 01:30:00 -0500

The White House has made April National Financial Capability Month.

Fri, 18 Apr 2014 01:13:00 -0500

Follow these tips for determining a price that makes you a profit without gouging your customers.

Fri, 18 Apr 2014 01:03:00 -0500

If you’re thinking of quitting Facebook, get in line.

Fri, 18 Apr 2014 01:00:00 -0500

Before Americans start celebrating a drop in the number of uninsured, you first have to look behind the numbers.

Fri, 18 Apr 2014 00:30:00 -0500

For nonprofits, fundraising isn't just about the 'ask.'

Fri, 18 Apr 2014 00:24:00 -0500

The tech giant's latest mobile operating system may boast a song recognition feature in a partnership with Shazam.

Thu, 17 Apr 2014 23:05:00 -0500

The peer-to-peer lending site announced today that, with its acquisition of Springstone Financial, it would be expanding its reach in consumer finance.

Thu, 17 Apr 2014 22:46:00 -0500

No, you're not mean. Just smart. Sometimes it's okay to ignore connection requests on the world's most popular career social networking platform. Here's when you probably should.

Thu, 17 Apr 2014 22:45:00 -0500

Much-coveted shoes are being bartered and sold by high schoolers at sneaker conventions across the country at eye-opening prices, The New York Times reports.

Thu, 17 Apr 2014 22:30:00 -0500

It is a delicate balance to keep your business on track while juggling the responsibility of caring for an aging relative.

Thu, 17 Apr 2014 22:27:00 -0500

The burger chain is eyeing an aggressive expansion plan over the next decade.

Thu, 17 Apr 2014 21:47:00 -0500

Customers expect better communication from brands than ever. Most businesses, though, are not keeping up.

Thu, 17 Apr 2014 21:30:00 -0500

For a small startup, often passion can be more valuable than skills, as mindset can’t be taught but capabilities can.

Thu, 17 Apr 2014 21:00:00 -0500

Three traits that social entrepreneurs and purpose-driven organizations need to thrive.

Thu, 17 Apr 2014 20:48:00 -0500

Coolhaus founder Natasha Case went from selling ice cream sandwiches out of an old postal truck to self-made millionaire. Here's how.

Thu, 17 Apr 2014 20:30:00 -0500

Prepare to meet the mammoth mechanical crab of your nerdiest undersea dreams.

Thu, 17 Apr 2014 20:00:00 -0500

With its business-friendly features and implications for Google search, here's how you can supercharge your page on the network now.

Thu, 17 Apr 2014 19:30:00 -0500

Often entrepreneurs try to cut corners to save costs. But doing so with your legal documents, may end up costing you more down the road.

Thu, 17 Apr 2014 19:30:00 -0500

Business owners should always avoid making excuses, but business coach Lindsay Broder says this one can really annoy your staff.

Thu, 17 Apr 2014 19:00:00 -0500

There is always a reason for deciding not to do something. Here's some advice on how to say no without feeling guilty about it.

Thu, 17 Apr 2014 18:30:00 -0500

For small businesses, offering a standout product means understanding what the customer wants -- and delivering it.

Thu, 17 Apr 2014 18:30:00 -0500

After years of self-employment, this franchisee wanted to get into business for himself but not by himself.

Thu, 17 Apr 2014 18:00:00 -0500

Often entrepreneurs hire people that aren't top-notch, because they need to fill the position quickly. To avoid this problem, they need to plan ahead.

Thu, 17 Apr 2014 17:00:00 -0500

Now is the best time to start creating a local strategy and to start building up your presence on search engine results pages.

Thu, 17 Apr 2014 03:41:00 -0500

Fingers crossed for stylized brunch photos, artsy sunset shots and lots of selfies.

Thu, 17 Apr 2014 03:30:00 -0500

Don't kid yourself. For most new firms launching outside Silicon Valley, developing a startup strategy is essential.

Thu, 17 Apr 2014 03:00:00 -0500

Listening to and truly engaging with customers wherever and however they choose to engage is the new secret to organizational success.

Thu, 17 Apr 2014 02:59:00 -0500

These three browser-based tools will change your life. Or at least streamline it a bit.

Thu, 17 Apr 2014 02:30:00 -0500

Founding or working at a new business can be scary, but each experience can lead to improvements.

Thu, 17 Apr 2014 02:00:00 -0500

Could student sleuths have finally uncovered the true identity the mystery man behind the world's most enigmatic currency? Or is this just another false alarm?

Thu, 17 Apr 2014 01:57:00 -0500

Hot on the heels of the drumstick corsage, KFC is bringing back the super-hyped Double Down.

Thu, 17 Apr 2014 01:38:00 -0500

In a blog post, Microsoft chief Satya Nadella discusses the importance of developing a 'data culture,' where information is dynamically aggregated across every level of the company.

Thu, 17 Apr 2014 01:21:00 -0500

Get your business started on the right foot by choosing workers who are a good fit for your cleaning business and training them properly.

Thu, 17 Apr 2014 01:00:00 -0500

As the debate over net neutrality rages on, here's some basic information about how you might be affected.

Thu, 17 Apr 2014 00:00:00 -0500

Harness the proper tools, do analysis and understand how effectively your organization’s marketing initiatives work together.

Thu, 17 Apr 2014 00:00:00 -0500

After a grim February, restaurants once again ruled as the largest job creators in the franchise sector.

Wed, 16 Apr 2014 23:40:00 -0500

The president is traveling to a community college in Pennsylvania later today where he will announce new initiatives aiming to bolster the U.S. labor force.

Wed, 16 Apr 2014 23:30:00 -0500

Founders often reach a point when they need to hand over the reins to a more experienced person. Here are a few pieces of advice on how to make the transition process easier.

Wed, 16 Apr 2014 22:38:00 -0500

Etsy Wholesale, which debuts in August, will enable makers to sell their creations directly to major retailers -- including Nordstrom and West Elm.

Wed, 16 Apr 2014 22:15:00 -0500

Major manufacturers and wireless carriers have agreed to offer a free opt-in 'kill switch' for smartphones made after July 2015.

Wed, 16 Apr 2014 21:50:00 -0500

Mt. Gox isn't rising from the ashes after all and its customers will likely never see the hundreds of thousands of bitcoins the shattered exchange lost.

Wed, 16 Apr 2014 21:45:00 -0500

If your workstation doesn't fit you, you're in trouble. Here's a quick guide to setting up your workspace for optimal health and productivity.

Wed, 16 Apr 2014 21:00:00 -0500

Partnering with the wrong corporation can spell disaster for a growing social enterprise. Here’s what to consider before getting wed to a new initiative.

Wed, 16 Apr 2014 20:30:00 -0500

Faith and belief drive a lot of what we do. Yet, we are asked to leave our beliefs at the doorstep of our offices.

Wed, 16 Apr 2014 20:11:00 -0500

Drones plus selfies equals dronies. Get used to it.

Wed, 16 Apr 2014 20:00:00 -0500

The small stuff, like answering emails and tweaking your web site design, are important but shouldn't be at the top of your to-do list. Instead, your time would be better spent focusing on the fundamentals.

Wed, 16 Apr 2014 19:30:00 -0500

Professional coach Lindsay Broder on how and why effective business managers need to lead -- and inspire -- by example.

Wed, 16 Apr 2014 19:00:00 -0500

These simple yet powerful business principles will help you win relationships and earn repeat business.

Wed, 16 Apr 2014 19:00:00 -0500

After stints as an advisor at big-name companies, the charismatic entrepreneur and investor is getting back into the startup scene.

Wed, 16 Apr 2014 18:30:00 -0500

With a wealth of experience in corporate management, these Goddard School franchisees knew the right franchisor was key to success.

Wed, 16 Apr 2014 18:30:00 -0500

For our series Ask the Expert, marketing guru Joanna Lord chats about why she decided to dive into marketing and what newbie entrepreneurs can do to create a memorable brand.

Wed, 16 Apr 2014 04:11:00 -0500

The hot-tempered former NFL wide receiver wonders how 'easy’' the complicated cryptocurrency is. Don’t even get us started.

Wed, 16 Apr 2014 04:00:00 -0500

Performance evaluations are critical. They can engage employees deeply to deliver their best effort to a company.

Wed, 16 Apr 2014 03:30:00 -0500

While its hard out there for a female founder, I am not letting it stop me.

Wed, 16 Apr 2014 03:14:00 -0500

The iPhone generation tries to figure out how a Walkman works in this viral video.

Wed, 16 Apr 2014 02:35:00 -0500

The bad-boy founder of the Bitcoin Foundation and BitInstant is back at his mom and dad's place and he's in big trouble for allegedly funneling $1 million into shady Silk Road dealings.

Wed, 16 Apr 2014 02:35:00 -0500

Investors have shown the most interest in dumping their dollars into real-estate deals since the SEC's historic lifting of the general solicitation ban.

Wed, 16 Apr 2014 02:30:00 -0500

Whether you want to start a stand-alone business or add these services to your existing cleaning company, here are eight business ideas you might want to consider in the cleaning industry.

Wed, 16 Apr 2014 01:00:00 -0500

Pluto Mail lets you 'unsend' messages, edit unopened ones and choose a shelf-life for all your email transactions.

Wed, 16 Apr 2014 01:00:00 -0500

Focusing on the long term, keeping your feelings in check and rooting out negative influences can lead to success.

Wed, 16 Apr 2014 00:52:00 -0500

Jobs in science and engineering got top marks from CareerCast in a study that looked at stress, income and room for advancement.

Wed, 16 Apr 2014 00:50:00 -0500

A look at where online shopping is expected to grow the fastest in the next five years and which companies are leading the charge.

Wed, 16 Apr 2014 00:44:00 -0500

This flight attendant could probably double as a standup comedian, with her spiced-up safety announcement garnering over 1.5 million views on YouTube.

Wed, 16 Apr 2014 00:35:00 -0500

The tech company has a new patent application to apply Google Glass's camera feature to contact lenses.

Wed, 16 Apr 2014 00:30:00 -0500

At every stage you'll face expectations to conform to different corporate cultures. You must weigh them against your sense of ethics.

Wed, 16 Apr 2014 00:20:00 -0500

Workers in Belgium, Germany, Austria and Hungary face the highest tax burdens, according to the OECD's annual report on individual income taxes.

Wed, 16 Apr 2014 00:00:00 -0500

With good content and quality links, you can attract more visitors located closer to home and increase your business' sales.

Tue, 15 Apr 2014 23:30:00 -0500

Despite the time saving promise, job seekers may avoid linking their personal accounts due to privacy concerns.

Sat, 19 Apr 2014 00:32:00 -0500

If you're a producer in Hollywood and you're trying to get a movie made, you want the biggest star possible and until recently, Johnny Depp was always on the list. Not only is Depp a well-respected actor but his films have grossed a total of $8 billion at the global box office. He comes with a built-in fan base, which makes marketing easier, and he has the ability to elevate mediocre material to blockbuster levels (see all of the Pirates of the Caribbean movies).

Sat, 19 Apr 2014 00:22:00 -0500

Everyone’s buzzing today about the trading debut of Weibo (Nasdaq: WB), following a performance by the Sina (Nasdaq: SINA) microblogging unit that was filled with mixed signals. Potential investors in the company will inevitably have many questions about Weibo’s future, as it seeks to carve out a secure and profitable place for itself in China’s competitive social networking (SNS) space. But from the bigger perspective, this mixed performance is the latest sign that the window of positive sentiment towards Chinese Internet IPOs is closing fast in New York, though it could remain open for perhaps another few weeks.

Fri, 18 Apr 2014 13:30:00 -0500

The following guest post is by Eric Schiffer, chairman and CEO of Patriarch Private Equity and CEO of Digitalmarketing.com. 

Fri, 18 Apr 2014 13:05:00 -0500

Yes, it's early. Too early for anyone to pop the champagne corks, declare victory and stand over the other guy with the scowl of a champion. But has a problem with the Xbox One in its war with the PS4 and it had better solve it soon or else it risks having a much smaller installed base, perhaps half the size by the holiday shopping season in 2014. As Paul Tassi wrote here in Forbes, announced the sale of the 7 millionth PS4, which it turns out occurred two weeks ago. That led Microsoft to respond with a report of its own claiming 5 million Xbox Ones shipped to retailers. The careful observer has already caught the difference between sales and shipments, suggesting Microsoft's number is soft.

Fri, 18 Apr 2014 02:16:00 -0500

New Zealand's economy has been hailed as one of world's top safe-haven economies in recent years after it emerged from Global Financial Crisis relatively unscathed. Unfortunately, my research has found that many of today's so-called safe-havens (such as Singapore) are experiencing economic bubbles that are strikingly similar to those that led to the financial crisis in the first place.

Thu, 17 Apr 2014 18:47:00 -0500

By Donna Sapolin, Next Avenue Contributor 

Thu, 17 Apr 2014 17:02:00 -0500

Concussion expert Dr. A. Chainey Umphrey has assessed the damage youth sports can inflict. He has seen it ruin lives.

Thu, 17 Apr 2014 13:22:00 -0500

In my last post, I examined the demands IT transformation places on organizations that want to provide IT as a service (ITaaS). I suggested that while those demands make public cloud solutions very tempting, a hybrid approach combining private cloud deployments with public cloud services seems to fit the goals and IT readiness of most organizations. At least in the near- to mid-term, many of the executives that I’ve talked with plan to operate a hybrid cloud environment, with regulatory and security requirements and the needs of the business determining the balance between private and public.

Tue, 15 Apr 2014 18:01:00 -0500

Ok no cheating, what do the initials QVC stand for? Time's up. They stand for Quality, Value, and Convenience. These three words have been the brand's guiding principles since its inception in 1986. A brand, thanks to various marketing initiatives along the way, is now seen in over 300 million homes around the world and last year sales alone generated $8.6B in annual revenues, $3.2B of which came from ecommerce.

Mon, 14 Apr 2014 13:22:00 -0500

By Inhi Cho Suh, Vice President of Big Data, IBM

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Chaldeans Buying Businesses Need to Beware
By Bedre Konja :: Monday, January 28, 2008 :: 9368 Views :: Article Rating :: Business & Finance

Chaldean entrepreneurs will mostly agree that buying a business is not simple; in fact, it is almost similar to starting a new venture. The struggle of finding a business that matches your capabilities and investigating the business potential to remain profitable is just the beginning.  Buying a business requires the same thoroughness as creating a business plan for starting a business. 

Edward Putrus, owner of West Coast Electrical Warehouse Supplies in Arizona says the ability to make a good business great is different than creating a new business.  Anthony Jurjus, an associate partner in the firm Rosen, Russel, and Silverman Consulting, PLC is a commercial real estate agent and business broker who often helps Chaldeans in finding and buying businesses.  “Anyone buying a business needs to do be careful, have a strategy, be patient, and persistent,” says Jurjus. 

Jurjus suggest Chaldeans follow a 10-step process in guarantying the business they buy is the right one. 

1. Like the start of a business plan, the business for sale must match the personal and financial objectives of the buyer.  It is important that the personal and financial goals are written out before you begin your search. The Business Playbook should include a "target business profile,” listing a set of specific criteria for what you expect, what you are willing to invest, the acceptable level of risk, the minimum expected return, and the time you can devote to learning and managing the business. 

2. It is important that Chaldeans locate business opportunities with the potential to grow and offer an attractive return on investment. Finding these potential opportunities can be difficult.  Places to look include reading classified advertisements, networking in the community, discussing opportunities with business brokers, spreading the word throughout the community that you are looking for a business, and checking industry sources. Resist the temptation to buy the first business that looks good; step back and look at it objectively.

3. Always make an appointment to see the business sellers or brokers for an initial introduction to the opportunity.  Ask that they provide you with brief financial reports, history, price, and reason for sale. This will allow you to know more about the business, how long it has been for sale and the financing adjustments that need to be made.

4. If the information they give looks good and the business seems to be sound, be sure to request for additional meetings to probe for more information. It is important to look at a business at different angles.

5. Review the facility closely to determine how well it has been managed and maintained. For service businesses, talk with the employees and even customers.  You might need to provide the seller a “A letter of intent” that shows you are a serious buyer.  The letter will help encourage the seller to provide more information.  Prepare a checklist of information needed, which should include the following:

  • A complete financial accounting of operations, including all income tax returns and state sales tax forms, for at least the past three years or from the beginning of operations if not established that long. 
  • Listing of all assets to be transferred to the new owner, including item breakdown of all inventory as of the last accounting period.  
  • A statement as to any legal action past or pending against the present operation.  
  • A copy of the business lease or mortgage.  
  • A list of all major suppliers to the business to include names and addresses of those to contact who are familiar with the operation.

6. Upon a satisfactory personal examination of all information received the potential buyer should then visit:

  • An accountant for further interpretation of financial information.
  • The landlord or mortgage holder to inquire about the transfer of the premise to a new owner. In the case of a lease, the expiration date should be discussed and if possible renegotiated to the intentions of the new owner. An on-site review of the facility should be conducted to assure it is in satisfactory condition.
  • Research the future of the market and the location.  Be sure to look into demographic changes, road changes, legislation that might impact the business.  Many business owners sell a business upon learning of some legal or city hardship, hoping the buyer will be unaware of the issue. 
  • Check with vendors that sell to the business to validate the sales reported and an opinion as to the likelihood of future growth of the business.

7. Request permission from the seller to allow you to spend time at the operation observing and surveying customer satisfaction.

8. Determine a fair price to offer for the business. It should be noted, however, that there is no universally accepted formula for determining business worth. Some of the approaches include book value and capitalization-of-earnings approach.

Before you present your offer to the seller, determine what financing arrangements can be made available through a lending institution or the seller.

Present the “Intent to Offer” in writing to the seller and be sure to include the appropriate business clauses such as accuracy of information, lending approval, and confirmation of pending legal actions to name a few.   Always include in the letter that the acceptance of the intent precludes the seller from negotiating with other buyers for some period of time so that the potentially costly efforts to investigate liens, financial information, and market analysis are able to be completed.

Normally, at this point, there will be negotiation. The more information that you have collected and analyzed, the more confident you will be in presenting your case.

As the buyer, you will have to use your best persuasion techniques to convince the seller your offer is fair and the advantages to the seller of accepting the offer. Be prepared to walk away if a major obstacle prevents you from obtaining important objectives. 

9. If an agreement is reached contact an attorney to draw up a suitable sales contract and research state records for any liens against the property for failure to pay a debt.

The contract should be contingent upon examinations of all assets to validate what is represented is true.

10.  Before signing a sales contract, the buyer should be present when a final inventory count of assets, including inventory, is taken.