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Are you cut out to be a successful entrepreneur?

You can see yourself as an entrepreneur, setting your own hours, being your own boss, enjoying the freedom of being self employed. And you can just imagine what life will be like once you’re a big success and pulling in all that cash. But hang on. Before you run to the car showroom and test drive your dream car, let me ask you...

Get inspired! CNN hero Alfa Demmelash helps people achieve the American Dream

Alfa Demmelash grew up on less than a dollar a day against the backdrop of torture and murder in Ethiopia. Today, she is living the American dream and helping others do the same. Alfa started a nonprofit, Rising Tide Capital, where small business owners, including women, minorities and other underserved populations, learn the skills...

Business Plans Made Easy

Who’s afraid of the Big Bad Business Plan? For some reason, those two words seem to put terror into the hearts of even the biggest, meanest hard-core business people…not to mention poor little red riding hood. So today, I want to reassure you that you are already 3/4 of the way there to putting together a killer business...

How to Choose a Business Structure

When clients come to my law clinic to start a business, the first question they usually ask is: “Should I be a partnership or a corporation?” Making your business “legal” is such an exciting step…most people just can’t wait to do it! But there are a few questions you need to ask yourself before...

Stop Trading Time for Dollars

Remember how we talked on Day 7 about Robert Kiyosaki’s “cash flow quadrant” model? Basically, the idea is that there are four ways to generate income: as an employee, by being self-employed, as a business owner, or as an investor. Each of these categories has its advantages and disadvantages, but Kiyosaki...

How to Barn-Raise Your Start-Up

Barn-raising is a centuries-old tradition in rural America. Early pioneers quickly recognized that it is practically impossible for one person to build a barn. So they started a system in which all members of a community would gather together to build a barn for one family at a time. Here is how it works. The family that...