Avoid The Startup Jump Trap, Focus On Growth Possibilities First

Avoid The Startup Jump Trap, Focus On Growth Possibilities First

Entrepreneurs are passionate, dynamic, and tend to get new ideas quickly. One big challenge that many face after successfully establishing a startup is the urge to immediately launch another business. The urge to jump into the next great idea can really start to feel like an itch that needs scratching. But according to business mentor Norm Brodsky, before you pick up that backscratcher, make sure that you’re not focusing on a new project before you’ve fully explored the growth possibilities of the business that you already have. (more…)

Van Sullivan Reveals His “Secret Sauce” For Success — Strategy

Van Sullivan Reveals His “Secret Sauce” For Success — Strategy

Traversing new territory is always frightening, but Van Sullivan didn’t get his company Trideum to where it is today by following in the same footsteps as everyone else. Strategy, planning, and innovation are the hallmarks of this company. A successful engineering services contractor for the federal government, Trideum provides high-end engineering for testing weapons systems and training military personnel. In helping to build and sustain the U.S. military, Van’s company epitomizes the place where the supreme importance of defending our nation meets the innovation and entrepreneurship of the private sector. (more…)

Teaching An Old Company New Tricks: How Theresa Smith Is Re-Inventing Her Family’s Business

Teaching An Old Company New Tricks: How Theresa Smith Is Re-Inventing Her Family’s Business

Theresa Smith has a few big transitions ahead of her. She is currently in the process of becoming CEO at her company NaturaLawn of America, where she was previously Marketing Director. A provider of natural, environmentally-friendly lawn care products and services, NaturaLawn today makes 98% of its revenue from its treatment services. But Theresa hopes that under her leadership, the burgeoning retail side of the business will see better sales growth. “I don’t see why the retail side can’t either be equal to the service side of the business or even dwarf it,” she says. “There’s always going to be people who want someone to do their lawn for them, and there’s always going to be people who want to do it themselves.” (more…)

How One Entrepreneur Discovered A Big Liability Hiding In Her Balance Sheet

How One Entrepreneur Discovered A Big Liability Hiding In Her Balance Sheet

Of all the fine details involved in running a business, creating a balance sheet can seem like the worst. Most entrepreneurs understand that their company must remain profitable to survive and grow. But generating and analyzing a comprehensive financial statement is a step that a lot of entrepreneurs skip. The results of skipping this necessary step can be very detrimental to your business, as business mentor and Inc. Magazine contributor Norm Brodsky recently shared. (more…)

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