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Archive for February, 2010

Do You Have a Brain Trust?


I believe that every business owner should have a brain trust – a group of people who collectively serve as mentor, teacher, coach, and counselor, for no immediate financial gain in return.

I am intentionally excluding consultants (technology, human resources, marketing) and professional advisors (attorneys, accountants, investment bankers), most of whom do what they do for immediate income. Read more

Is This a Good Thing?


I think I got the best compliment that an entrepreneurship professor can get from a student…right?

“The more time I spend in this class, the more I want to take next [term] off and just work on [my business].”

I just hope I don’t get a call from his parents.

If I Were to Do It All Over Again: Lessons Learned from Experienced Entrepreneurs


On Monday, February 15, I blogged live from my New Venture Lab course, when three guest entrepreneurs shared their experiences and advice:

It’s All About the Experience


Last month, I spent an hour with my father at the Apple store. Shortly thereafter, I spent two hours on American Airlines, traveling to Nashville for a conference. My experiences couldn’t have been more different. And I couldn’t have learned a better lesson in business. Read more

Diary of a Professor – Part VI


Class session from February 8, 2010

  • Cash & cash flow management
  • Making cash projections
  • Burn rate & flame date

People I’ve Met (with) Recently


I’m in the midst of meeting all kinds of cool, interesting, and helpful people. To keep it brief, this is only a sampling. I hope to get more posted soon. Let’s cut to the chase. Read more

Diary of a Professor – Part V


Class session from February 1, 2010:

  • Value proposition
  • Customer loyalty
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