Using Facebook?

Did you know you can have your username or other name set up to point to your profile?

www.facebook/roydaya/

Claim your user name before it is gone...

http://www.facebook.com/username/

Creating an excel cash flow plan for your new business?

Investors hate made up numbers with no solid reasoning or well documented assumptions behind them.

A good exercise to do it to write a time / cost timeline for the key processes that the business will need such as:

- New customer from lead to initial acquisition -> pilot -> initial paid deployment -> further deployment and support.

- New partner / third party / distribution integration...

• Your dream spouse is a graphic designer with brothers that are an accountant and a lawyer
• You can't pay for a service until you wasted 2 weeks trying to do it yourself-for "FREE"
• You don't have any friends that are not on your payroll or that you are not on theirs
• You sit days on templatemonster to look for new cool website templates for one of your new ventures
• You always try to barter
• You can't remember how many ventures you are part of in any given time
• You have changed

...

I talked to an excited entrepreneur and offered him to send me his business plan and I will look through it and send him some comments.

As I started reading it I felt frustration. It was very detailed but something about it made me feel that this is not a business plan at all.

It had different chapters for setting up the business and the costs needed to run the business and even sales predictions for 12 months.

At the very end there was a chapter about the...

I met with hundreds of entrepreneurs and one thing that is common to all is their optimistic enthusiasm with their new venture.

The problem is that most people assume that their new venture is a business and not just a hobby just because they think it can make a lot of money but their effort and mode of operation is practically the same.

The problem with a hobby that hides as a business venture is that it makes a person much more likely to overspend on that hobby with...