Succeeding in Your Business from Creators Syndicate https://www.creators.com/read/succeeding-in-your-business Creators Syndicate is an international syndication company that represents cartoonists and columnists of the highest caliber. en Thu, 14 Dec 2017 13:53:02 -0800 https://www.creators.com/ http://blogs.law.harvard.edu/tech/rss Succeeding in Your Business from Creators Syndicate https://cdn.creators.com/features/succeeding-in-your-business-thumb.jpg https://www.creators.com/read/succeeding-in-your-business 90df55b5fc4adbf05e4efee9b3e823f0 Fame Is Fleeting, So Write a Christmas Song for 12/12/2017 https://www.creators.com/read/succeeding-in-your-business/12/17/fame-is-fleeting-so-write-a-christmas-song Tue, 12 Dec 2017 00:00:00 -0800 <p></p><p>I try to avoid writing seasonal or holiday-themed columns, but I couldn't resist the temptation this year.</p> <p>I was shopping at a local mall (yes, they still have those) for several hours the other day. The background music was piped in from a local radio station that mixes Top-40 hits with holiday classics.<p>Updated: Tue Dec 12, 2017</p> 11a968d7aeae7cb092c885047ea44c9f Dealing With Fear When Starting a Business for 12/05/2017 https://www.creators.com/read/succeeding-in-your-business/12/17/dealing-with-fear-when-starting-a-business Tue, 05 Dec 2017 00:00:00 -0800 <p></p><p>"I was laid off from a corporate job a couple of years ago.</p> <p>"I tried finding another job, but there was nothing out there for someone older than 50.<p>Updated: Tue Dec 05, 2017</p> 8d4fee801d3d0139c435c20950bd32b9 Giving Your Lenders a Piece of the Action for 11/28/2017 https://www.creators.com/read/succeeding-in-your-business/11/17/giving-your-lenders-a-piece-of-the-action Tue, 28 Nov 2017 00:00:00 -0800 <p></p><p>"We started a tech company last year and are getting ready to launch our first product. To do so, we will need to borrow $200,000 from friends and family.</p> <p>We have been told to structure this as a loan, but we want to give our family members a piece of our future growth if the company is successful. What are the various ways to do that? We don't want to set this up in such a way that it puts off venture capital investment down the road."<p>Updated: Tue Nov 28, 2017</p> 0008ac60957610e1ee4894b2cd58e753 Royalty Financing: The New Thing in Venture Capital for 11/21/2017 https://www.creators.com/read/succeeding-in-your-business/11/17/royalty-financing-the-new-thing-in-venture-capital Tue, 21 Nov 2017 00:00:00 -0800 <p></p><p>"I have a successful retail business that I want to take online with a killer website and a social media marketing campaign on Facebook and Twitter.</p> <p>"The problem, of course, is money. I need to raise $100,000 to build the website and launch the campaign, but am having trouble finding the money. My business has strong cash flows, but has never officially shown a profit. There aren't a whole lot of tangible assets in this business, and I don't have tons of equity in my home, so most local banks won't even talk to me. And I'm not really willing to give up 50 percent of my company to a venture capitalist.<p>Updated: Tue Nov 21, 2017</p> 7f00e4ae31296dbeb36dc6990010b96d Delegating the Right Way: Part 2 of 2 for 11/14/2017 https://www.creators.com/read/succeeding-in-your-business/11/17/delegating-the-right-way-part-2-of-2 Tue, 14 Nov 2017 00:00:00 -0800 <p></p><p>Once you have made up your mind that it's time to start delegating to other people and growing your business, and once you've decided on what to delegate, only three questions remain:</p> <p>&#8212;To whom do you delegate?<p>Updated: Tue Nov 14, 2017</p> a2716c901fa4ac6543817082f13886c5 Delegating the Right Way: Part 1 of 2 for 11/07/2017 https://www.creators.com/read/succeeding-in-your-business/11/17/delegating-the-right-way-part-1-of-2 Tue, 07 Nov 2017 00:00:00 -0800 <p></p><p>One of the hardest things company founders, entrepreneurs and self-employed professionals can do is get out of their own way and allow their businesses to grow without them.</p> <p>And there is one &#8212; and only one &#8212; way to do that: delegating to others.<p>Updated: Tue Nov 07, 2017</p> 2c0ca30774a6ed0ea4de6fb48aa006c4 The Correct Way to Structure a Holdback for 10/31/2017 https://www.creators.com/read/succeeding-in-your-business/10/17/the-correct-way-to-structure-a-holdback Tue, 31 Oct 2017 00:00:00 -0700 <p></p><p>"I am in the process of buying a small business.</p> <p>"There are some issues with this business, and I asked the seller if we could hold back ten percent (10 percent) of the purchase price for a year to see how things went.<p>Updated: Tue Oct 31, 2017</p> f2ea75a79fcb37f5113f1f7b2937bca7 Report From EComChicago 2017 for 10/24/2017 https://www.creators.com/read/succeeding-in-your-business/10/17/report-from-ecomchicago-2017 Tue, 24 Oct 2017 00:00:00 -0700 <p></p><p>I just got back from speaking at this year's eComChicago conference for online retailers in Elk Grove Village, Illinois.</p> <p>A little history: About eight years ago, when eBay started cutting back on its popular outreach programs for eBay sellers, sellers started forming their own support groups called "meetups" (for a complete list of all eBay meetup groups around the U.S., visit the Meetup website at ebaysell.meetup.com). <p>Updated: Tue Oct 24, 2017</p> f48151816e4b48bf49b2e5a9b01a192f 7 Essential Tips for Managing Your Clients for 10/17/2017 https://www.creators.com/read/succeeding-in-your-business/10/17/7-essential-tips-for-managing-your-clients Tue, 17 Oct 2017 00:00:00 -0700 <p></p><p>If you have a service business, you have to develop techniques for keeping your clients happy. Without clients, you're out of business.</p> <p>However, bending over backward for your clients may not be the best long-term strategy for growing your business. The nicer you are to your clients, the more they are tempted to take advantage of you &#8212; by paying slowly, becoming a time vampire or demanding additional services without charge.<p>Updated: Tue Oct 17, 2017</p> 223e3102c2627d3326ae42892631cde0 4 Millennial Misconceptions About Entrepreneurship for 10/10/2017 https://www.creators.com/read/succeeding-in-your-business/10/17/4-millennial-misconceptions-about-entrepreneurship Tue, 10 Oct 2017 00:00:00 -0700 <p></p><p>'Tis business plan competition season once again.</p> <p>This time of year, I spend lots of time traveling around the country judging business plan competitions at colleges and universities. The participants are either undergraduate or business school students who form "teams" and compete for cash prizes or (sometimes) face time with me and other influential people in the entrepreneurial community. Given the age demographic, most participants are millennials or members of Generation Z who have had little or no exposure to the business world outside of the classroom (except maybe for binge-watching "Shark Tank" episodes).<p>Updated: Tue Oct 10, 2017</p> e503a7fbf180f4055317d318f003fb3e When Employees' Political Views Clash for 10/03/2017 https://www.creators.com/read/succeeding-in-your-business/10/17/when-employees-political-views-clash Tue, 03 Oct 2017 00:00:00 -0700 <p></p><p>"I run a small business with 10 employees.</p> <p>"It turns out I have both Republicans and Democrats among my employees, and since the most recent presidential election, I've overheard some very heated political discussions going on in the lunchroom.<p>Updated: Tue Oct 03, 2017</p> 5151a8210508b424fb08ba703b9d30fe Murphy's Law and the Entrepreneur for 09/26/2017 https://www.creators.com/read/succeeding-in-your-business/09/17/murphys-law-and-the-entrepreneur Tue, 26 Sep 2017 00:00:00 -0700 <p></p><p>"My spouse and I recently decided to start a business designing knapsacks for children. We've got a bunch of great designs; they are lighter and more flexible than other knapsacks on the market, can be made with 100 percent organic ingredients, and have a lot more compartments where kids can put their stuff. We both wish these were the sorts of knapsacks we had had as children going to school.</p> <p>"We've approached a couple of manufacturers here in the United States to license our designs. While acknowledging that our designs are superior to anything currently available on the market, they are not buying, which frustrates the devil out of us. When we press them for an explanation, they become evasive.<p>Updated: Tue Sep 26, 2017</p> fa05c9915d508d881aeb8b30af3b9c55 Should You Be a Guinea Pig for a New Franchise? for 09/19/2017 https://www.creators.com/read/succeeding-in-your-business/09/17/should-you-be-a-guinea-pig-for-a-new-franchise Tue, 19 Sep 2017 00:00:00 -0700 <p></p><p>"I was downsized from a corporate job about a year ago. I have never run my own business before, but I am realizing now there is no future for me in corporate America (I am over 50 years of age), so I am looking at entrepreneurial options.</p> <p>My outplacement firm recommended that I consider buying a franchise. The problem with franchises, though, is that the only really good ones are too expensive.<p>Updated: Tue Sep 19, 2017</p> 71b556f23d07a927e930a0a2c1128ddb When Customer Service Bumps up Against Economic Reality for 09/12/2017 https://www.creators.com/read/succeeding-in-your-business/09/17/when-customer-service-bumps-up-against-economic-reality Tue, 12 Sep 2017 00:00:00 -0700 <p></p><p>On a recent business trip to Orlando, Florida, I was called upon to find a good local restaurant for two important Florida-based contacts who wanted to meet with me over dinner. </p> <p>As it happened, both of them liked steakhouses, and the hotel where I was staying boasted one of the top steakhouses in the area.<p>Updated: Tue Sep 12, 2017</p> b664e8426a970e9cc808238b07c708d1 The 12 Dumbest, Most Common Small Business Mistakes for 09/05/2017 https://www.creators.com/read/succeeding-in-your-business/09/17/the-12-dumbest-most-common-small-business-mistakes Tue, 05 Sep 2017 00:00:00 -0700 <p></p><p>With more and more people starting businesses of their own &#8212; out of necessity, not choice &#8212; I'm seeing more and more people making the same mistakes over and over again.</p> <p>Here is my top 12 list of the dumbest entrepreneurial moves. <span class="column--highlighted-text">All are easily avoidable with a little common sense and street smarts.</span><p>Updated: Tue Sep 05, 2017</p> f2f5f4978873db72faf3a2eb818fbd92 Surviving Your Next Networking Group Meeting for 08/22/2017 https://www.creators.com/read/succeeding-in-your-business/08/17/surviving-your-next-networking-group-meeting-8e944 Tue, 22 Aug 2017 00:00:00 -0700 <p>I don't know about you, but I find most networking groups to be exceedingly boring, unproductive and, in some cases, cringe-inducing.</p> <p>I'm not generally a fan of networking groups. I'm not sure people get much new business out of them. Still, they have their upside. They can be great places to find people who do not compete with you but serve the same customers that you do. For example, if you sell high-end jewelry, your local Lexus dealer could give you tons of solid advice on selling to the top 1 percenters.</p> <p>They could also be a source of moral support when times are tough and you are beginning to succumb to the heebie-jeebies about your business and its future. Knowing that other people in your community are in the same boat could help you get a perspective on your problems, or at least a grip on your emotions.<p>Updated: Tue Aug 22, 2017</p> f91f2711b75dd841be7eb236bfca9269 Homer's 'Iliad' and the Obamacare Debacle for 08/15/2017 https://www.creators.com/read/succeeding-in-your-business/08/17/homers-iliad-and-the-obamacare-debacle Tue, 15 Aug 2017 00:00:00 -0700 <p></p><p>Those trying to figure out the mood of the American voter right now are bound to be scratching their heads.</p> <p>Last November, the voters threw Republicans into Congress and the White House in almost record numbers with a mandate to slash government spending, end Obamacare and enact massive tax cuts. Straightforward enough, right?<p>Updated: Tue Aug 15, 2017</p> a9b8662353941986f0f6dab921be3a7c A Legal Checklist for a Retail Website for 08/08/2017 https://www.creators.com/read/succeeding-in-your-business/08/17/a-legal-checklist-for-a-retail-website Tue, 08 Aug 2017 00:00:00 -0700 <p></p><p>"I'm planning to set up a fashion accessories website.</p> <p>"I think I will be selling mostly on Amazon, eBay and other online platforms, but after watching your YouTube video 'Doing Business on the Internet' (www.youtube.com/watch?v=D7eRDI2_pMU), I realize it's going to be tough to build a distinctive brand without my own website.<p>Updated: Tue Aug 08, 2017</p> 69499406f2697c6025508a88e9861a77 Buying a Business That Has an EBay, Amazon or Etsy Account for 08/01/2017 https://www.creators.com/read/succeeding-in-your-business/07/17/buying-a-business-that-has-an-ebay-amazon-or-etsy-account Tue, 01 Aug 2017 00:00:00 -0700 <p></p><p>It's no secret that selling merchandise on eBay, Amazon, Etsy and other online e-commerce platforms is big business. </p> <p>According to Quora, the number of people worldwide earning a full- or part-time income on eBay was estimated between 8 and 12 million in 2015.<p>Updated: Tue Aug 01, 2017</p> 4d9117384bc3b334e6defb5c45165157 Setting up a Worker Cooperative With an LLC for 07/25/2017 https://www.creators.com/read/succeeding-in-your-business/07/17/setting-up-a-worker-cooperative-with-an-llc Tue, 25 Jul 2017 00:00:00 -0700 <p></p><p></p><p>"I have run a successful service business for many years.<p>Updated: Tue Jul 25, 2017</p>