Entrepreneurship Blog2018-10-05T16:44:04+00:00

Recent posts on business, culture, and entrepreneurship from my blog at mrharkins.com.

  • Interview: Lou Ellman on Entrepreneurship
    by David Harkins on November 17, 2018 at 1:27 AM

    Jim Mitchem, an author and partner with branding firm Out of the Ether, and I explore starting a service business, the willingness to take risks, branding, continuous self-improvement, and many other things in this interview for my Everyday Entrepreneurs podcast. Read the full post: Interview: Lou Ellman on Entrepreneurship Originally posted at: David Harkins' Blog […]

  • Thoughts on Entrepreneurial Education
    by David Harkins on October 12, 2018 at 3:02 PM

    There are too many entrepreneurs who, whether by choice or necessity, are flying by the seat of their pants, throwing things against the wall and hoping it will stick. I know, because I've been one of them and I have worked with many others. What I have learned through experience and formal entrepreneurial education is there is not a magic formula that will breed successful ventures, but there is a framework for innovation leadership that will improve the chances of entrepreneurial success. And it's time to give back. Read the full post: Thoughts on Entrepreneurial Education Originally posted at: David Harkins' Blog […]

  • The Founder’s Identity Crisis
    by David Harkins on October 2, 2018 at 8:48 PM

    The individual who can get a company off the ground is usually quite different than the individual who can run it well as it grows. The skills and abilities required of each are very different. A founder must take the time to learn new skills to transform from the role as a founder to the role true CEO if this is indeed the goal. Read the full post: The Founder’s Identity Crisis Originally posted at: David Harkins' Blog […]

  • Interview: Lynda Liner on Entrepreneurial Recruiting
    by David Harkins on October 1, 2018 at 9:40 PM

    In my interview with executive recruiter Lynda Liner, she offers, among other things, that entrepreneurs should not rush the process in hiring those first employees, the importance of communication about the position's authority and responsibility in the hiring process, and tips for identifying a top recruiter for your firm. Read the full post: Interview: Lynda Liner on Entrepreneurial Recruiting Originally posted at: David Harkins' Blog […]

  • Is your startup hiring?
    by David Harkins on September 28, 2018 at 9:57 PM

    You often have many needs, but you also have a limited payroll budget. The temptation is always to hire the most technically skilled person for the job, for the least amount of payroll. Getting the biggest bang for your buck sounds logical, but is it? Read the full post: Is your startup hiring? Originally posted at: David Harkins' Blog […]

  • Thinking Hard and Soft
    by David Harkins on September 21, 2018 at 5:51 PM

    Empathy, courtesy, language proficiency, are among those skills that bring cohesiveness to the company. In the absence of tools that attempt to measure soft skills, you, like many other managers, might interview others by assessing their “ability to do the job.” In doing so, you are likely assessing only their hard skills. Rarely do you see a job description that includes, "Must work and play well with others." And if you do, how will you assess and measure that skill? Read the full post: Thinking Hard and Soft Originally posted at: David Harkins' Blog […]

  • Hiring People Like You
    by David Harkins on September 15, 2018 at 6:15 PM

    Hiring people like you means you may be hiring people who have not just similar strengths, but also similar weaknesses. Hiring people like you will may also mean few will challenge your view of market opportunities, customer targets, or product features and benefits. People like you will tend to see the world in the same way as you. Hiring people too much like you may well restrict your long-term success in business. Read the full post: Hiring People Like You Originally posted at: David Harkins' Blog […]

  • Are you building the right kind of capital for your startup?
    by David Harkins on September 8, 2018 at 4:51 PM

    In modern economics, capital is typically defined as an asset that you can use to produce something that is economically useful to a business or an individual.  The word, then, has different meaning depending upon its context. Even with these different meanings, you still might think capital is synonymous with money. And it would make sense since if you’re a founder, you are spending a lot of time raising and worrying about financial capital. But, financial capital may not be the only capital you need. Are you building the right kind of capital for your startup? Read the full post: Are you building the right kind of capital for your startup? Originally posted at: David Harkins' Blog […]

  • Choosing between wealth and control
    by David Harkins on August 31, 2018 at 12:56 AM

    Many startup founders maintain control as the primary means to achieving their goals with the business. One of those goals, of course, is solving that problem on which the company is built. However, many of the other goals are much more personal. Things like personal pride and wealth, for example, come to mind. But, being in control and building wealth are not mutually inclusive. In fact, it's hard to build wealth and maintain control at the same time. Read the full post: Choosing between wealth and control Originally posted at: David Harkins' Blog […]

  • The Entrepreneur and the Sunk Cost Fallacy
    by David Harkins on May 25, 2018 at 7:52 PM

    If you’re an entrepreneur and you’re not familiar with the term “sunk costs” you may have a problem. Even if we do understand it, the problem for most of us is that our forward-looking decisions become too tied to those sunk costs. We often become emotionally invested and the more investment we make, the harder it becomes to divest ourselves from those costs. In these situations, it is difficult to consider the pros and cons objectively. Instead, we try to recoup sunk costs, which makes us do irrational things. Read the full post: The Entrepreneur and the Sunk Cost Fallacy Originally posted at: David Harkins' Blog […]

  • Interview: Jim Mitchem on Entrepreneurship
    by David Harkins on May 8, 2018 at 7:37 PM

    Jim Mitchem, an author and partner with branding firm Out of the Ether, and I explore starting a service business, the willingness to take risks, branding, continuous self-improvement, and many other things in this interview for my Everyday Entrepreneurs podcast. Read the full post: Interview: Jim Mitchem on Entrepreneurship Originally posted at: David Harkins' Blog […]

  • Why you need an accountant year-round
    by David Harkins on March 30, 2018 at 9:10 PM

    An accountant offers much more than bookkeeping and taxes. In fact, an accountant’s area of expertise often goes far beyond that of your neighborhood bookkeeper. While undoubtedly a bit more expensive than a bookkeeper, you should be able to rely on an accountant to add value to your business operations. Read the full post: Why you need an accountant year-round Originally posted at: David Harkins' Blog […]

  • Beyond Short-Term Royalty Potential: Vetting Prospective Licensees for Long-Term Success
    by David Harkins on March 12, 2018 at 10:46 PM

    Some licensors may choose to focus primarily on new licensees who might generate higher royalty revenue for a short period, while others prefer the steady, long-term growth in royalty revenue.  For the latter, a vetting process designed to create stronger alignment with a licensor's mission, vision, and long-term goals, ultimately provide greater success for the program and result in stronger, more prosperous licensing partnerships. Here are six ideas for improving the licensee vetting process. Read the full post: Beyond Short-Term Royalty Potential: Vetting Prospective Licensees for Long-Term Success Originally posted at: David Harkins' Blog […]

  • Interview: ClassB CEO Eric Hilferding on Entrepreneurship
    by David Harkins on March 8, 2018 at 9:54 PM

    The following is an interview with Eric Hilferding, CEO of ClassB, a custom t-shirt manufacturer, and printer for my graduate coursework in entrepreneurship. Eric and I first met in 2005 when I was with the Boy Scouts of America. His company was one of our first licensees in a revamped licensing program. We became fast friends and I have long admired his attention to detail, his creativity, and his commitment to service.   Read the full post: Interview: ClassB CEO Eric Hilferding on Entrepreneurship Originally posted at: David Harkins' Blog […]

  • Stop focusing on your product and start focusing on your customer
    by David Harkins on February 19, 2018 at 11:23 PM

    Customers are the only thing that matter to a business. It is surprising how many entrepreneurs start their business with an idea of a product or service and a detailed plan for execution of the offering, without a clear understanding of the customer. Too many entrepreneurs believe that the “thing”—the product or service—they have created will “satisfy society’s needs” without giving enough thought to understanding what society needs, values, and expects. The focus on the thing poses one of the most significant long-term barriers to success for entrepreneurs. Read the full post: Stop focusing on your product and start focusing on your customer Originally posted at: David Harkins' Blog […]

Read more here: www.mrharkins.com