WeMontage – From Crazy Idea to Startup Success

Wemontage

“Man, I am almost out of money. I’m considering taking a seasonal job at the Banana Republic to make ends meet.” These were the words of James Oliver Jr., founder of WeMontage, back in November of 2012. He struggled at the time to get his new startup off the ground. Developers were behind again and he had invested all of his own money. And Neenah, WI isn’t exactly a bastion … [Read more...]

The Most Overlooked Benefit of Crowd Funding Sites

crowd funding

Crowd funding is all the rage amongst entrepreneurs and innovators because of the obvious benefit of getting funding. But there is another benefit that is often overlooked – eyeballs. Not just any eyeballs, but the eyeballs of those who really matter. Kickstarter Helping Serve Up More Sushi A friend of mine, Brice Leconte, recently completed a successful campaign and raised … [Read more...]

Why the Bank is not Your Friend

bank-loan

In my book “Presidents, Pilots and Entrepreneurs,” I dedicate an entire chapter to the subject of startups and banks. I even share a word for word debate I had with an impatient bank manager I nicknamed “The Hammer.” And it’s not a pretty picture. Trust me folks. Stay the hell away from banks. Yes, conventional wisdom says your banker should be one of your closest … [Read more...]

Relationships – The First and Last Responsibility of Any Business

relationships

An experience this past week drove home the importance of fostering meaningful relationships in business. Even if you sell lots of widgets to satisfied customers, something will eventually go wrong. Perhaps the wrong order, a damaged shipment or an over charge. The outcome of such mis-haps have more to do with the strength and quality of the relationship than anything … [Read more...]

How Much Pain is Required for Entrepreneurial Success?

photo credit: Silvia Sala

There was a program available on Netflix instant streaming called Global Business People. Each episode profiled three individuals, mostly entrepreneurs and some top executives, who had reached the top of their industry or craft. For several weeks, I studied those profiled and an interesting pattern emerged. Not only is pain a prerequisite for entrepreneurial success, but … [Read more...]