Can money make you stupid?

Last week I talked about the new JOBS Act making “equity-based crowd funding” legal; and how I believe it is a good thing for startup funding.  So this week I thought I would talk about a potential pitfall for the entrepreneur from this “easy money”.  I’m ignoring any pitfalls that may be introduced by the […]

Equity Crowdfunding – Just Around the Corner

On Tuesday (March 27th), the U.S. House of Representatives approved the Senate’s version of the “Small Business Capitalization” amendment to the JOBS (Jumpstart Our Business Startups) Act.  This amendment allows small businesses to use equity-based crowd funding to generate investment into their businesses. This doesn’t open the flood-gates and create some kind of fund-raising free-for-all […]

Business planning, not business plans

I usually cringe when I hear an entrepreneur or small business owner talking about writing (or worse, being told to write) a business plan.  The reason I cringe is that, too often, what people mean by “business plan” is some 30+ page Word document that no-one will ever read and which will end up as […]

Would You Want a ‘Fool’ Investing in Your Business?

Recently, in one of the LinkedIn Groups I belong to – Business Owners & Entrepreneurs – Sandra Brevett-Dib posted a link to an article on Forbes.com: ‘Early-Stage Startups Need Friends, Family, and Fools’ by Martin Zwilling. I posted a comment that, when I talk about the 3Fs, I use the term Fanatics not Fools, because: […]