Small business strategy question: What is it about your business or industry that keeps you awake at night?

In a previous blog post, I listed 100 small business strategy questions that an entrepreneur can answer to help them grow their business successfully. Question #100 was: “What is it about your business or industry that keeps you awake at night?” Before I talk about the answers you might have, I want to first say […]

Ideas and opportunities in the location-based social media space

Earlier this week I was writing an article about real estate investing and the value of using location-based search and location-based social media for real estate investors. As I was clicking around to link to relevant sites, I noticed something quite interesting: On the location-based social media side, only Foursquare survives as a strictly location-based […]

What’s the “pickaxe factor” in your sales funnel?

I’m renovating my kitchen. I have a company come in and do the cabinets, the countertops, and the floors, but I do the plumbing myself. The reason? I’m a half-decent plumber (usually — there was one time when that wasn’t the case, but that’s another story) and I don’t mind the work of plumbing. Since […]

6 reasons why you WANT to have competitors in your marketplace

When I was in high school, my friend’s family owned the very first computer store in town. I was always sort of impressed that they had a lock on that market. I imagined a business without competition to be the highest level of business achievement – a sort of entrepreneurial nirvana. Then, to my surprise, […]

Just read: ‘Failing Toward Success at Google’ at Harvard Business Review

Innovating and succeeding is fun. Innovating and failing can also be fun (as long as you pick yourself up and keep going). I’m a big believer in innovating as much as you can (no matter what you do) to set yourself apart. Check out 5 innovative brands that I started and failed with. I have […]