To achieve great things, two things are needed; a plan, and not quite enough time.Leonard Bernstein
This is the core idea behind a business accelerator. Invite a handful of entrepreneurs to focus on planning instead of doing, create some artificial deadlines, and they find more efficient and more likely paths to success.
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Seven years into guiding new entrepreneurs through the thicket of issues between idea and success, I’ve found quite a few common pitfalls and areas where common knowledge is less common than I had thought. The biggest of these is accounting, or more specifically, how to keep track of sales, customers, and everything else. This isn’t at all difficult, it’s just not a topic taught...
Entrepreneurship comes in waves!? Snowed in, I finally finished Capitalism in America: A History, yet-another a book I stumbled upon at my local library. This one in the “new book” stack, which caught my eye both from the title as well as the co-author, former Chairman of the Federal Reserve, Alan Greenspan. The book does live up to its title. It’s an easy-to-read economic...
I learned a great lesson last week from a fellow teacher at Start.coop, the world’s first accelerator for co-ops, and it was applicable to every startup, cooperative or not… To think about your idea more abstractly, ask the question, “Why?” To think about your idea in more detail, ask, “How?” — For example, all my work is centered around entrepreneurs...
