Corey Reed

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Learn How to Tell the Story of Your Idea

An essential part of success is being able to explain how your business will make people's lives better.<p><i>In this ongoing series, we are sharing advice, tips</i> <i>and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for</i> …

Entrepreneurship

I've Raised Close to $2 Million in Crowdfunding Campaigns -- Here Are My Secrets

Follow these seven practical tips to make your campaign a success.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>I have run three crowdfunding campaigns, all with over 1,000 backers per project, totaling close to $2 million in pledges. One of them raised over $1.2 million for a brand …

Crowd Funding

How Shark Tank Is Revolutionizing Business School

Swimming with the sharks makes perfect sense in our evolving corporate world.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>We’ve become a “Shark Tank” nation. Since the show’s inception in 2009, it’s become a household staple. Members of generation z -- who were weaned on …

Entrepreneurship

10 Most Common Business Models to Make a Profit

One of the most critical elements of any sustainable business is achieving a positive cash-flow. Without that, even the best intentions will fail.<p>I was mentoring some graduate students at a local university recently, and I sensed that profit seems to be a dirty word these days to many aspiring …

Not Enough Money to Start a Business? Here's How to Get It

Many entrepreneurs turn to personal or business loans to fund their entrepreneurial ventures, but with only 20% of businesses surviving past their first year, this can be a risky approach. Here's an out-of-the-box idea to consider instead.<p>Every entrepreneur's nightmare is trying to start or build …

Small Business

If You Do Any of These 3 Things in Your Pitch, Investors Will Know You're Full of Hot Air

Avoid the dreaded "balloon pitch."<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Entrepreneurs who have watched Shark Tank know the importance of perfecting their pitch. The pitch deck is a short presentation that helps potential investors understand your company and why they should …

Entrepreneurship

5 Not-Exactly-Original Ideas That Became Massive Successes

Sometimes, just building a better mousetrap is all you need to make your first million.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Ask people what it takes to build a successful business, and many will probably tell you that the most important factor is having an original idea. The …

Social Media

A Gift From Republicans to All Those LLCs and LPs

Something small yet big has changed about American business over the past few decades. You know, the letters after company names. As the late, great University of Illinois legal scholar Larry Ribstein put it at the beginning of his 2009 book "The Rise of the Uncorporation":<p>You have probably seen …

Finance

7 Regrets of a Failed Entrepreneur

Things I learned that I would do differently in my next business.<p>Eighty percent of new businesses fail, and often for reasons that were completely avoidable. Others fail because of a lack of organization, preparation, or a good understanding of what takes to run a successful business.<p>Unfortunately, …

How to Build a Startup Ecosystem

If you're the only startup in town, it's going to be tougher than if you're launching in a healthy startup ecosystem.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Chicago’s startup ecosystem is exploding. But so are others all across the country and around the world, with varying …

Startups

9 Free Apps You Didn't Know Your Small Business Needed

You'll be surprised at just how much of your business you can manage from your phone.<p>When you're starting out as a small company, prices can easily skyrocket in the search for experienced, knowledgeable employees. But with the flourishing enterprise app market, solutions may be right at your …

The Top Reasons Startups Fail [Infographic]

Down through the years, some startups really struck gold. When Accel Partners invested $14.8 million in a website called “thefacebook.com” back in 2005, they made a return of $5.6 billion – 378 times their original outlay. More often than not, however, startups tend to fail brutally. According to …

Startups