Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
55 Point Checklist to Grade Entrepreneurs
“The following checklist is my comprehensive criteria for how to grade entrepreneurs. I’ve developed it over the years by running Docstoc and helping thousands of folks start and grow their businesses. As I was once told in grammar school, the following exercise will test ‘your ability to carry out directions.’ I, like many entrepreneurs, never followed directions that well. But sometimes there’s a great deal of value in beginning with the end in mind.” (Forbes)
Empowering Women Through Entrepreneurial Education
“Many early-stage entrepreneurs find themselves in this place: you have a great idea and the passion to move it forward but, at a certain point, you hit a wall. What is your strategic plan for growth? When should you hire someone to help you? How do you analyze a P&L statement? And why do you need to do an operational audit? …With that in mind, my team and I launched the Tory Burch Foundation in 2009 to support the economic empowerment of women entrepreneurs and their families in the U.S. through small business loans and mentorship…” (The Huffington Post)
6 Words Entrepreneurs Need to Retire—and Their Replacements
“[April 1], as you know, [was] the beginning of Q2, and depending on the stage of your business, that information is enough to make anyone take time to reflect upon how they’re going about their work. And so, in this time of rebirth and blooming in a fresh season, I urge entrepreneurs everywhere to retire the following words and phrases. Think of it as much-needed spring cleaning for your mouth. Well, you know what I mean.” (Forbes)
Chris Moody: Focus on What Matters Most and Delegate
“When it comes to early stage startups and work-life balance, it’s important to face some facts. First off, if you want to be a successful entrepreneur, you are going to have to work hard. Damn hard. In the early days of your company, there will certainly be stressful moments where achieving a breakthrough success or avoiding a devastating failure will require extended periods of sustained effort.” (Wall Street Journal)
Startups Clear Out Cash Registers to Usher in Retail Revolution
“The cash register is a relic of the Civil War era and has reigned as an icon of American commerce ever since. Walking into a business, selecting what you would like to purchase, and paying for it at a register is an American ritual. However, the average point-of-sale (POS) system is expensive and costly to maintain, inconvenient to set up and manage, and not connected to the Internet. Despite the fact that these types of transactions occur millions of times every day, the last significant shift occurred in the 1950s when credit cards and terminals entered the scene.” (Venture Beat)
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