From the category archives:
Posting on his Small Business Labs blog, Steve King wrote: Don’t Quit Your Job Until You’ve Talked to a Small Business Failure. Amen. Everybody even thinking about starting a business should 1.) Read that post; and 2.) do what it says, talk to a small business failure.
Steve cites a couple posts he’s done recently on [...]
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Pictures, words, ideas. If one picture equals 1,000 words, how many ideas does it generate? Is there a transitive property there? I had time over the weekend to pick up two unrelated pictures. Each covers something entirely different. Both are full of ideas.
The first, a chart by Seth Godin:
This is one of those things that [...]
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Please, if you own a business, take this simple (only 8 questions) survey on impact of the credit crunch. It’s asking you whether you’ve applied for a loan or not, was it approved, would you have applied if it weren’t…
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How do you spell “no-duh?” New research just released by the SBA shows that Advance Planning Pays Off for Start-Ups. That’s the headline on a good piece of reporting by Kelly Spors of the Wall Street Journal’s Independent Street. And,…
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Here’s an eloquent business chart, from the NY Times reporting yesterday on retail sales last month. I find the economics behind it fascinating. The big discount places, the high-volume low-price strategies of Wal-Mart and Costco, increased sales. The more expensive…
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Founder Tom Taulli called it “Zillow for business.” That got me interested. Do you know Zillow.com? Google maps with estimated value and transaction data for every house on the map. How’d you like to see the same thing for businesses?…
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The best readily-available valuation of business consulting services is 1.12 times annual sales. For automotive repair shops, it’s .41 times annual sales. Physical fitness facilities are going for .66 times gross annual profit. Grocery stores are going for .28 times…
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Here’s an interesting research finding: “The hormone that drives male aggression and sexual interest also seems able to boost short-term success at finance.” That’s from Randolph Schmid of AP, quoting a Cambridge University research study. And Randolph, presumably male, found…
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It’s a wealth of ideas, a thorough analysis, really good brainstorming, and a valuable resource. Intuit has published part three of Small Biz Labs’ excellent series on the future of small business, titled “The Emerging Artisan Economy. ” The report…
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What if you conducted research that ended up showing you exactly what you and everybody else would have guessed? Was it worth doing? Here’s a paragraph in today’s National Dialog on Entrepreneurship newsletter: A second survey assesses the factors driving…
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