by Jeff Moses on August 28th, 2007
When a small business can establish relationships with vendors, lenders and subcontractors well in advance of when they are needed, it can avoid mistakes and save money. Planning all stages of development in advance is always a winning strategy.
Starting the search early provides the luxury of time: time to accurately determine the services and supplies needed; time to shop around for the firm or individual that provides the best fit with company needs; time to compare prices; time to negotiate terms; and time to weigh options and gather the most information possible before making a decision. On the other... Read more »
by Emily McMackin on July 31st, 2007
Randal Pinkett is best known for surviving Donald Trump’s scathing boardroom criticism on season four of NBC’s "The Apprentice" and impressing the billionaire real-estate mogul enough to hire him. But before that, Pinkett was known around his college campus at Rutgers as a student entrepreneur who juggled business classes with running a thriving CD business out of his dorm.
Now as CEO of BCT Partners, a Newark, N.J.-based consulting firm, the "Apprentice" winner hopes to use his experience to help other aspiring young entrepreneurs start and grow their own companies. We talked with Pinkett about his new book, Campus CEO:... Read more »
by Veronica Stone on July 24th, 2007
Do you have a product or service that you enjoy offering to grateful friends and family members? Perhaps you’ve been thinking lately that going professional would be a great way to earn some extra money, or even start your career as a small-business owner. While many successful businesses have been built on a hobby’s foundation, so have many failed ones. Here are a few precautions–and tips for proceeding if you decide this is the right move for you.
Precautions
Loving what you do isn’t enough
What are your reasons for wanting to turn your hobby into a business? If your... Read more »