It seems to me that entrepreneur’s face two main legal issues. First is choosing the correct structure that best fits their venture. Partnerships are the easiest to set up yet offer the least protection. S-corps and LLCs offer more legal protection and . C-corps are the most protected and have other benefits for taxation and…

Social entrepreneurship is when someone applies business principles to social problems, however they are focused on social change instead of strictly making money. These entrepreneurs are business educated and driven to make a change somehow in society. This is a unique way to approach a traditional nonprofit or charity.

From a project management point of view, and everything in life is a project of some sort, Cost, Time, and Scope are the three sides of the quality triangle. All budgets are constrained somehow and therefore a solid business plan is built upon a budget. The budget needs to breakdown the costs of doing business…

My personal budget is crafted in a similar manner to a business budget build. I forecast my expenses starting with essentials first, I then allocate the remainder to savings, and non-essentials. If someone cannot stick to a personal budget, I suspect they will have a hard time. Budgeting is a frustrating task but it needs…

Ethics are paramount in all aspects of life and business is one of those aspects. Customers always have and always will respect an honest businessman. By treating customers fairly and adhering to a ethically sound set of principles, you will become well liked and garner more business. Business ethics can extend further those social norms…

Fiscally successful? Absolutely…. Long term success, probably not. There have been many successful unethical ventures throughout history. Sticking with cybersecurity for my example, there are many ransomware organizations that have made lots of money. However, over time, their nefarious nature usually opens them up to infighting, attack by rivals or takedown by a federal agency….

I had started a small computer repair and configuration business with a friend 20 years ago but neither of us had the dedication at the time to identify and pursue customers to grow the business. If we had courted some small to medium sized businesses at the time to offer our serviced, we would have…

Planning ensures that an entrepreneur’s great ideas are executed  successfully by taking into account market data and weaknesses in the strategy. For example, my small business cybersecurity services business have the most opportunity for success in CA, NY, FL, and TX because the data provided by the FBI shows that those states have reported the…

Have you ever used a tube of super glue? The iconic little tin tube with the reversable cap used to puncture the tube seal. While effective for keeping the glue fresh for the customer it was a horrible user experience. It was a miracle if you were able to use that product and only put…

Design thinking is a systematic, iterative way of developing products or services that meet customer needs. Empathy for the customer’s needs is a hallmark of design thinking.