By Ed McLaughlin and Wyn Lydecker Many new entrepreneurs believe their service or product will have wide market appeal and so overestimate their market opportunity -- and accordingly -- their company’s potential for growth. As identified by the Business Dictionary, market opportunity is a “newly identified need, want, or demand trend that a firm can exploit because it is [...]
Originally Published on LinkedIn By Ed McLaughlin and Wyn Lydecker Your vision will become the driving force of your business. If you have a clear vision, it will be easier to get other people to understand it and follow you on your quest to fulfill it. You will be able to share your vision [...]
Originally Published on LinkedIn By Ed McLaughlin and Wyn Lydecker Today, social enterprise is often positioned against profit: producing social good vs. generating profit. Instead of pitting social good and profit against each other like two feuding schools of thought, I believe that when they work together, they create powerful synergism. One does not prosper [...]
By Ed McLaughlin and Wyn Lydecker Most entrepreneurs think they can get funding simply by sending out business plans to investors. This tactic seldom ever works because VC and angel investors often receive 10 business plans in one day. If you don’t count weekends, that’s still 2,610 plans per year. If you’re an investor staring [...]
Originally published on LinkedIn By Ed McLaughlin and Wyn Lydecker Have you heard of Telemedicine? Telemedicine is disrupting the massive $3.8 trillion U.S. healthcare industry by delivering clinical care through telecommunications and information technologies such as computers and smartphones. Here are four ways it is relieving the pain points of this ailing industry: Disruption #1: A [...]
By Ed McLaughlin and Wyn Lydecker Deloitte’s recently released Business Confidence Report revealed several troubling findings about today’s corporate leadership. First, there is a gap between the things business leaders say and the actions they are willing to take. While these leaders are confident in their ability to outperform the competition, they are not confident [...]