Practical Business Lessons From my Daughter’s Lemonade Stand

My daughter had been asking me for three days straight whether we could put a lemonade stand in front of the house. She had that relentlessness that seven-year-olds have when they want something – and they want it now. As someone who has lived in Miami for many years, I can tell you that the […]

Should Vendors Offer Early Payment Discounts to Clients?

Many small companies get into cash flow problems because they have difficulties managing their client payments. Most commercial clients pay their invoices in 30 to 90 days. That is not a problem if your company has a large enough cash reserve to cover expenses. However, if you don’t have a cash reserve, you have a problem. You […]

How to Ask Friends to Invest in Your Business

I have always believed that the best way to finance a business is through self-financing. It has a number of advantages, if you can afford it. The most important one is that you have complete freedom to run your business as you see fit. You don’t owe anything to anyone. As a matter of that, […]

SteamFeed: Inside a Growing Social Media Publishing Startup

If you are a blogger, or planning to start a blog as a business, you are going to love today’s interview. We are talking to DJ Thistle, Daniel Hebert, and Gerry Michaels who launched and operate SteamFeed. SteamFeed is a multi author site that focuses on “marketing, social media and truth”. But there is more, […]

How I Financed My Startup

I have started writing posts about my experiences launching Commercial Capital LLC, my factoring company. My last post covered how I changed industries to launch the company. In this post, I am going to tell you how I financed the company. By the way, this is not a tale of interminable venture capital pitches or […]

How One-Minute Meditation “Work Breaks” Boost Productivity and Creativity

I have been working on a little experiment. Like everyone, I take a number of breaks during the work day. During each break, I usually do one (or many) of these four things: Check twitter Check Facebook Check news/browse the Internet Go out and get some fresh air I noticed that while my breaks where distracting, […]

The Most Important Skill Every Startup Employee Should Have

My first job, right after college, was with a company called Metrica. The company was a software technology startup right in the middle of the Telco boom of the late nineties. The owners sold it to ADC Telecommunications for a tidy sum at the time. Landing that job was probably one of the luckiest career […]

How Meditation Can Make You a More Effective Entrepreneur

Looking to increase your effectiveness as an entrepreneur? Here is one trick – meditate. Sitting down (or lying down) for 5 minutes a day to meditate can have a dramatic effect on your business. You will make better decisions, handle adversity more effectively, and feel better overall. Every entrepreneur should do it. Meditation has gained […]

Financing a New Company by Factoring Invoices

Startups that work in the business-to-business space often run into cash flow problems because business clients often pay invoices on net 30 to net 60 days. Few entrepreneurs account for this issue in their financial forecasts – but it can have a real and serious effect. This problem can often affect cash flow when the […]

How I Launched My Startup and Learned a New Industry

Starting a business in a new industry is pretty challenging. It’s probably one of the toughest things I’ve had to do in my life. Fortunately, I was lucky enough to pull it off. And I emphasize the term “lucky.” I’m convinced that luck played an important role in making it past the first couple of […]