What Is Your Business Model? Part 1

  By Ed McLaughlin with Wyn Lydecker Before you start your business, ask yourself: How will you make money? The business model explains how you will pull together and manage all the component parts of your business to create value for your customers and yourself. Your business model includes your value proposition, revenue generation plan, [...]

By | January 31st, 2014|

Lessons from Entrepreneurial Failure and Success

By Ed McLaughlin with Wyn Lydecker In 1991 I started two businesses at the same time, USI Companies Inc and Sigma Communications. One went on to become a roaring success and the other a failure. Looking back, I realize these experiences gave me special insight into succeeding vs. failing. Sigma was a unique real estate [...]

By | January 27th, 2014|

Entrepreneurial Branding

By Ed McLaughlin with Wyn Lydecker Entrepreneurial branding is the highly personal process of creating a lasting imprint of your business vision in the mind of your customer.  A well-developed brand will motivate your customer to seek out your product or service for fear that they may otherwise miss out. A successful brand can work [...]

By | January 23rd, 2014|

Can You Secure Pre-Orders?

 By Ed McLaughlin with Wyn Lydecker Before you start your business, ask yourself: Can you secure pre-orders from your target customers? A pre-order is an informal commitment from customers to purchase your product. Pre-orders will validate your business idea before you launch. If you cannot secure pre-orders, can you partner with someone who can? I’ll [...]

By | January 20th, 2014|

Watch Out for the New Equity Crowdfunding Rules

By Ed McLaughlin and Wyn Lydecker Crowdfunding had been an unregulated, wide-open field in which artists, game creators, filmmakers, musician, nonprofits, and entrepreneurs could raise funding for their projects from fans, supporters, and followers. Kickstarter, IndieGoGo, Fundly, RocketHub, and over 45o other funding sites have made it relatively easy to raise money for a passion [...]

By | January 16th, 2014|

Competitive Advantage

By Ed McLaughlin with Wyn Lydecker Before you start your business, ask yourself: What differentiates your business from the competition? Does your value proposition give you a competitive advantage? You need to have a clear understanding of how your service or product sets you apart. Your competitive advantage can include the timing of your market [...]

By | January 13th, 2014|

2014 Resolution: Start Your Own Business

By Ed McLaughlin with Wyn Lydecker Have you made any New Year’s Resolutions? If you’ve been burning to start your own business, make starting up your number one resolution for the New Year. Do you have a new business idea? Or are you still searching for one? Have you seen a problem that needs solving [...]

By | January 1st, 2014|