Nathan Woolard

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Mark Cuban Says This Is the 1 Mistake New Entrepreneurs Always Make

What's the biggest mistake new entrepreneurs make? Focusing on the wrong thing, according to Mark Cuban, <i>Shark Tank</i> shark and owner of the Dallas Mavericks. "The biggest mistake entrepreneurs make when they're first starting out is they think they have to raise money, and that raising money is an …

Startups

Whole Foods' John Mackey: Why Intellectuals Hate Capitalism

"Intellectuals have always disdained commerce" says Whole Foods Market co-founder John Mackey. They "have always sided...with the aristocrats to …

Will robots create more jobs than they destroy?

As advancing technology changes the face of employment in the 21st century, is the human workforce being made obsolete?<p><i>Martin Ford is the founder of a Silicon Valley software firm and the author of</i> The Rise of the Robots: Technology and the Threat of Mass Unemployment<i>. Geoff Colvin is senior editor</i> …

Higher interest rates: Winners and losers

Even though the Federal Reserve raised interest rates, many experts have been saying that any changes shouldn't have an immediate impact on the typical family.<p>"Nobody's going to see sticker shock," said Greg McBride, chief financial analyst at consumer finance portal Bankrate.com. "An initial rate …

What slowing trade growth means for the world economy

THE global economy has stumbled from one pothole to the next in 2015. America's economy slowed to a crawl during an icy first quarter. Then fears of …

International Trade

How to Go from Starving, Side-Hustle Artist to Full-Time, Thriving Artist

Kelsey Humphreys caught up with Jeff Goins in Nashville, Tenn. to talk about his journey from frustrated marketing director to full-time writer, and his latest bestselling book.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>If you’re not sure what you’re meant to do, but you are sure …

This couple turned an obsession with credit card points into a multimillion-dollar business

Using credit cards can be a high-risk, high-reward proposition. Use them the wrong way, and you can end up like the millions of Americans struggling …

How One Entrepreneur Transformed Her Organic Skincare Line From a Hobby Into a Business

The founder of Gilly's Organics sits down with Jessica Abo to explain how her side hustle, and crowdfunding, helped fund her organic line.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>When Gillian Stollwerk Garrett (aka Gilly) was a young girl, you could find her mixing up lotions, …

Why Co-CEOs Are a Bad Idea for Early-Stage Startups, Almost Always

When building your organization from the ground up, it's best to assign employees (and co-founders) to specific roles to ensure smooth operations.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Take a look at the leadership at any major company -- tech or otherwise -- and it’s very …

3 Reasons You Should Never Use Transfer Pricing

Should you treat your internal customers and suppliers differently than your external ones? Here are 3 reasons you shouldn't.<p>In 2004, I attended a leadership workshop at Texas Instruments. At the time, I was the general manager of a $100 million business unit. The CEO attended one of the sessions, …

How family businesses can address the Innovation Challenge (via Passle)

In case you weren't aware...family businesses are different! This article highlights some of the strengths and challenges family businesses need to …

Signs You’re Losing Control of Your Family Business

When the non-family chairman/CEO unexpectedly told family business owners that they had to live without dividends or sell the business, Tommy leaned over and whispered in his cousin’s ear: “Do you get what’s going on? The numbers have always been terrific.”<p>Despite their shock, Tommy and other …

What's Really Involved In Negotiating the Purchase and Sale of a Business

To effectively negotiate an offer, owners and buyers must first understand the various types of offer documents, topics covered, and ways that offers are presented.<p>Whether you are a master negotiator or think negotiation is a necessary evil, one thing holds constant--if you don't understand the …

Succession Planning Needs To Be Your No. 1 Priority

Succession planning has always been defined as the number one responsibility of board members followed closely by strategic plan development. KPMG conducted a global survey of 2,300 directors that showed that only 14% of directors had a detailed board succession plan , with no dramatic differences …

How to Protect Your Business in Divorce

Without a premarital agreement, your business could be at stake in a divorce. Here's how to minimize that risk.<p><i>Rosanne DeTorres, Esq., is an author and managing partner of DeTorres & DeGeorge, a N.J.-based family law firm. As a divorce attorney with 29 years of experience, we asked Rosanne to share</i> …

A Family Business That's Much More About Family Than Business

If yours is a family business, of course you want the business to succeed, but primarily so the people you care about are successful -- and happy -- as well.<p>See if this story sounds familiar.<p>You find something you love. Before you know it, it's in your blood. What you love isn't just what you <i>do</i> -- …

The #1 Reason Boomer Owners Are Not Exiting Today

In this post, we discuss Step Three of The BEI Seven Step Exit Planning Process™. (For an overview of the Process, please click here.) Exit Planning is the creation and execution of a strategy that enables owners to exit their businesses on their terms. BEI Seven Step Exit Planning Process relies …

Estate plans for business owners create peace of mind

A person can execute an estate plan at any time before they die, so long as they have the competency to legally sign documents. For business owners, …

What You Need to do to Secure a Business Loan

Securing a business loan is difficult, and the process can be wrought with disappointment.<p>If you're a business owner, it's likely you'll need financing at some point. Perhaps you need cash to get your business off the ground, or maybe you have plans to expand and need to hire new staff or add new …

Six pitfalls of family business leadership

First and foremost, family businesses are <i>businesses</i>. Like all organisations they require good leadership. In this article, I’d like to highlight some …

How to add your child to the family business

Doing extensive planning and creating voluntary governance policies can help ease the transition when children are brought into a family business, …

Five things I've learned from running a business with my daughters

WHEN I STARTED Glandore in 2001, I had no plans for any of my children to join me. Yet here I stand, 16 years later, running a business with my three …

Family Business

What Business Owners Really Need To Know About Succession Planning

People become the owner of a business for a variety of reasons. Though some inherit the business from their parents, or grandparents, many go into business for a simple reason: They want to be independent.<p>The belief that they can do things better than everyone else, the allure of freedom, and the …

Here's Why You Should Have a Succession Plan for Your Business

A survey found that small business owners in their 20s and 30s were more likely to have succession plans in place.<p>Jessica Sayles is thinking about who might take over for her when she retires at age 55 from the accounting firm where she is managing partner -- even though that's still 21 years …

Succession Planning

Tiny Home Hotel Shows Creative Small Business Approach to Major Trends - Small Business Trends

WeeCasa is the largest tiny home hotel in the world. But the Lyons, Colorado resort started more out of necessity than anything.<p>The area experienced …

Do You Need a License for a Home Business? Maybe - Small Business Trends

Recently I applied for and obtained a home business license. Didn’t know you needed a license to run a business out of your home? Neither did I, …

10 Signs your business is ready to level up

Abigail’s* long-time passion for baking gave way to a lucrative pastry business that she started five years ago. Just like any other entrepreneur, …

SBA head sees businesses held back by lack of loans, workers

NEW YORK (AP) — Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners — …