You are going to fail! This is the dirty little truth about being an entrepreneur.

After twenty-five years as an entrepreneur, the most common misunderstanding is the difference between “lifestyle” and “scalable” businesses.

We often think of business as a special function. In reality, it operates in much the same way normal things around us do. In fact, the concepts behind Newton’s Three Laws of Motion are as applicable to business tips as they are to physics.

Every business fluctuates through good and bad periods, but when should you signal an SOS? Understanding the characteristics of a failing company could save your business from sinking.

Strategic thought requires thinking “conceptually” as opposed to “sequentially.”  Sequential thinking weighs the pros and cons of each step against its immediate surroundings. Conceptual thinking requires that each step be measured against the larger goal. Perhaps this is best understood with an analogy.  Imagine going on a trip from point “A” to point “B.”

Mission statements are very simple, which makes them exceptionally hard to formulate. There are five components to a good company mission statement.

The military has developed a procedure for developing a plan, analyzing it and making a decision- the MET-T analysis is an effective, efficient way to evaluate your business and accomplish objectives.

There are infinite ways for startups to fail. While some factors may be out of your hands, entrepreneurs do have control over the success of the startup. Are you unknowingly on your way to kill your company?