Jerry R Mitchell’s Blog

You have a terrific new product concept. Now you’re waiting for venture
capitalists to hop onto your bandwagon. But, can you afford a bandwagon,
complete with band? If the venture capital community doesn’t take the ride,
must your vision end in nothing ventured, nothing gained?
It’s typical for a company to go through one or more rounds of financing
before [...]

Read the rest of Lessons learned as an entrepreneur

For entrepreneurs the one commodity which is never in short supply is
advice.
I tell entrepreneurs  is listen only to the people who have done it because
I believe that the others are qualified only to tell you about how NOT to do
it!
My first advice is to follow your own instincts, not those of people who see
your world [...]

Read the rest of Advice for Entrepreneurs

I have dedicated the last 45 years primarily to my first love,
entrepreneurship. But that has changed in the last six months,
although my primary concern still remains entrepreneurship.
My concern is the current lack of policy to support
entrepreneurship from this administration, especially bootstrapped
entrepreneurship. As the government tries to assess what might
stimulate entrepreneurship, I don’t see many “practitioners” [...]

Read the rest of I haven’t spent this much time thinking about economics since college.

And that will do it. That is all there is to it. Everything else is regular business details.
 
For instance, you have to keep very close track of all expenses and income, completely separate from any other expenses or income. Start a new checking account for your business as soon as you can, and in the [...]

Read the rest of What you should know before starting your own business.Part 3

You have two things going for you when you want to start your own business: some marketable skill or product and time.
Many people, when they think about starting their own business, think in terms of instant success and wealth. Success and wealth are both possible, but unless you have more tens of thousands of dollars [...]

Read the rest of What you should know before starting your own business.Part 2

OK, you have just $5,000 to launch your company. You’re worried that your meager start-up funds will stunt your company’s growth forever, condemning you to a life of begging for money. You begin to imagine one breakfast with bankers after another. But before you let your worst fears take over, relax.
I want to let you [...]

Read the rest of What you should know before starting your own business.Part 1

Success in business requires a curious mind and a desire to discover the unknown. In a modern era of global markets and unprecedented change, leaders need to discover a new array of  resources to better prepare for the future. This often means being prepared to change old habits and to think outside the box.
Over the [...]

Read the rest of Some ideas on how to improve your chances for business success

Many owners of small to medium size companies do not have documented business plans and see little value in planning. Entrepreneurs with an idea are confident that it will work and want to move forward to start their own company.
All of these people have the feeling that a business plan is only written to raise [...]

Read the rest of Why every company needs a business plan.

 
In an increasingly global economy, you can’t afford to just focus on a
domestic presence. If you don’t expand your global reach, you’re vulnerable
to the rise and fall of the limited domestic market for your products and
services. Unfortunately, you can’t just jump into a new international market
without significant planning.
Corporations are changing how they innovate, relying on [...]

Read the rest of Living in a global economy.

Take a minute and think about how many people you know who are thinking about starting — or have started — a business recently. Chances are you’ve ticked off at least a couple of names, and that speaks volumes about how our economy is evolving.
Starting a business has always been the American way, both a [...]

Read the rest of Starting a business the American dream!