Ed "Skip" McLaughlin's Blog, page 4

October 27, 2016

Should Startup Fever Have a Place on Campus?

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Previously Published on eCampusNews

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By Ed McLaughlin and Wyn Lydecker

The startup ambitions ofMBA students and college undergrads have spawned discussion about whetheraspiring young entrepreneurs should launch new business ventures while still in sch...

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Published on October 27, 2016 07:08

October 25, 2016

What’s the Difference Between Angels, VC’s, & Private Equity Firms?

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By Ed McLaughlin and Wyn Lydecker

Every entrepreneur needs some sort of funding for his or her business. While I continue to believe that bootstrapping is best, it is not always an option for businesses with a long ramp-up to profitability or for a capital-intensive business.

After reading my post,When Bootstrapping is Not an Option,a reader on LinkedIn asked:

“What is the difference between venture capital a...

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Published on October 25, 2016 15:09

What Is An Ideal Age to START UP a New Business

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Previously Published in Home Business

By Ed McLaughlin and Wyn Lydecker

News from a recent2015 Kauffman Reportsuggests that the best time for you to start your own business – at any age – could be right now. The report said we showed the greatest surge in U.S. entrepreneurial activity that we’ve had in the last 20 years. In fact, in 2014, 310 out of every 100,000 adults started a new business every month, which meansthere were 530,000 new business owners each month!

What does this mean for y...

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Published on October 25, 2016 13:09

October 20, 2016

When a Big Business Buys an Entrepreneurial Company: How to Make the Marriage Work

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Previously published in The CEO Magazine

By Ed McLaughlin and Wyn Lydecker

Most entrepreneurial companies thrive on innovation, creativity, and speed as key ingredients for driving success. Entrepreneurs are willing to take risks to increase the probability of breakthrough achievement at the cost of possible failure. In many respe...

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Published on October 20, 2016 05:31

October 18, 2016

Don’t Start Up – Just Yet!

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Previously published in YoungUpstarts

By Ed McLaughlin and Wyn Lydecker

You have a great idea for a new business and can’t wait to start up. Should you rush to market with a minimal viable product (MVP) and risk the cycle of failing, pivoting, and then starting again? Or should you do some planning first? The trend toward launching without planning may be why the failure rate for venture capital-backed business...

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Published on October 18, 2016 10:36

October 13, 2016

Should You Build Your Own Software?

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Eat the World with Proprietary Software

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Previously published in smallbizdaily

By Ed McLaughlin and Wyn Lydecker

Five years ago (August 2011), Marc Andreessen, co-founder and general partner of venture capital firm Andreessen-Horowitz, famously said, “Software is eating the world.” His point was that most of the fastest growing co...

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Published on October 13, 2016 05:53

October 11, 2016

September 28, 2016 – TheStreet TV Interview with Ed and Wyn

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Published on October 11, 2016 14:51

You Have a Great New Product. Here’s What You Need to Think About Next

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By Ed McLaughlin

Previously Published in FORTUNE

Questions every entrepreneur should ask when thinking about sales, pricing and production.

The following is an excerpt from Ed McLaughlin and Wyn Lydecker’s new book The Purpose Is Profit ( Greenleaf Book Group Press, 2016 ), which recounts how, after quitting his high-level corporate...

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Published on October 11, 2016 13:20

September 30, 2016

“The Purpose Is Profit” Media Coverage – Full List Summary

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Here is the Media Coverage The Purpose Is Profit Has Been Receiving in 2016 September 28 – TheStreet TV,Live at Microsoft New York Looking to Start a New Business? Everything You Need to Know Is in Ed McLaughlin’s The Purpose Is Profit September 21 – Fortune Magazine Have a Great New Product. Here’s What You Need to Think about Next September 21 – Startup Almanac Four Failure Points that Undermine Biz Success: #1 Is Don’t Follow Your Passion September 13–Small Business Daily –...
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Published on September 30, 2016 20:42

September 29, 2016

Published in Entrepreneur.com: Here’s a Book Every Entrepreneur Needs to Read

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Jeff Boss writes why The Purpose Is Profit: The Truth about Starting and Building Your Own Businessprovides actionable information so that the entrepreneur you are today becomes better than the entrepreneur you were yesterday.

Click Here to Read Jeff’s Article in Entrepreneur.com

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Jeff Boss

Entrepreneur, Executive Coach, Author, Speaker

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Published on September 29, 2016 11:53