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Best Practices for Selling Jello Shots?

Topics: Angel Investor, Cash Flow, Entrepreneur, Incubator, Investor

Each day, Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today: Getting serious about in-bar promotions. Lovely gals selling candy-colored shots to drunk guys - sounds easy as pie, right? Well, it turns out there's a little more to the formula than meets the eye. Today the Wall Street Journal profiles a service that outsources these so-called "shot girls" to trendy Manhattan bars and clubs. Founded by a pair of former J.P. Morgan and Bear Stearns analysts, Auld D'Leo Inc. trains its 25-person staff in the 10 best practices of…

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3 Ways to Test Your Business Partner

Topics: Angel Investor, Credit, Planning

How much money are you planning to pull out of your company this year? If you own your business outright, the decision is yours, but if you have one or more partners, things can get a little dicey, says Jordan Dolgin. Dolgin is a Toronto-based lawyer who specializes in business law and has seen many business partners fall out. In one example he recounted to me, two partners had vastly different ideas about how much money they wanted to take out of their thriving business. One partner had a healthy appetite for the finer things in life and wanted to…

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Crafting a Career in Eco-Chic Jewelry

Topics: Angel Investor, Marketing, Sales

Goldman Sachs (GS) may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama. In the summer of 2003 the University of Pennsylvania grad took a job at Goldman, arriving for work each day by 5:30 a.m. Two years later her sister died in a car accident, and Pean began…

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Entrepreneurship 101: Understanding How to Bootstrap

Topics: Angel Investor, Budgeting, Entrepreneur, Investor, Risk

For most of us, the concept of launching into a business venture with little or no capital, and trusting to our instincts, and the ability to work miracles on little or no budget, sounds like madness. To the entrepreneur, however, it sounds perfectly reasonable. If you can't find funding for your business, or if you'd rather go it alone, and build your company from the ground up the hard way (sounds crazy again, but many people do) then you're going to have to learn to bootstrap! Most seasoned entrepreneurs out there will know exactly what the term bootstrapping means. It's…

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Entrepreneur Corner: 5 startup pitfalls to avoid, and how to position yourself against your competition

Topics: Angel Investor, Entrepreneur, Intellectual Property, Marketing

Here's the latest from VentureBeat's Entrepreneur Corner: Using contractors? Lock down their work as your IP - Owning intellectual property is the most important thing to a startup. But if you're using a mix of salaried employees and contracted labor, you might be in murky waters. Attorney Curtis Smolar runs down how to protect yourself. When should you turn on the marketing faucet? - "Turning on the faucet" is a metaphor for flooding your market with marketing, but timing is everything. Chris Drake, founder of FireHost, discusses how to know when your company is ready. The right way to position…

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A Surprising Way to Re-energize Your Business

Topics: Angel Investor, Contract

Recently a reader of one of my columns wrote the following comment: "If you are running your business with one eye looking at selling it to someone else, how much passion and dedication are you putting into it?" Respectfully, I have to disagree with what the reader is suggesting. In fact, I have never been more passionate about a business than in the weeks and months prior to selling it. I have never woken up earlier, with a greater sense of purpose and determination, than just before selling it. Frankly, if it wasn't for the potential disruption to employees and…

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