Archive for May, 2009

Personal/Professional Goodwill – How It Affects Value Of Small Business

Goodwill Defined.  The term “Goodwill Value” is a term of art that is applied to the incremental increase in value of an enterprise over and above the simple replacement value of the fixed assets.  Unless it is added to a balance sheet reflecting an actual purchase of goodwill in an acquisition, it almost never is [...]

Posted by on Friday, May 29th, 2009
Posted in 101
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Media Training Basics

A primary goal of any media interview is to inject your agenda into the news story.  The best way to do that is to express yourself in “gotta use that” language, phrases so compelling the reporter thinks to herself, “I couldn’t say that better myself.” Here are some “dos” and “don’ts” for creating compelling answers. [...]

Posted by on Thursday, May 28th, 2009
Posted in 101
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Book Review: Mass Affluence

I understand that these are tough economic times in general; that Americans are cutting back on spending and buying less expensive versions of consumables and staples. In general, we are forgoing the $5 toothpaste for the $3 stuff, and opting out of the GPS, sunroof and mud-flap package on our new cars. It’s quite a [...]

Posted by on Wednesday, May 27th, 2009
Posted in Books of Interest
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101 on Venture Capital

Venture capital investors play an integral role in the development of start-up companies by providing needed funds to high-risk, early-stage companies with strong growth potential.  Venture capital investors provide entrepreneurs with initial seed money and additional financing at various stages of the often fast-paced growth process, with the ultimate goal of either taking the company [...]

Posted by on Tuesday, May 26th, 2009
Posted in 101, Capital
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Negotiating 101: The Pitfall of Being Too Eager to Reach an Agreement

Recently, a friend and business-owner casually asked my advice about negotiating. Currently, she is in the midst of thinking through a strategy related to the sale of a piece of real estate. As we were talking, the question came up: Is establishing the lowest acceptable price an effective approach? In the well-known negotiating classic, Getting [...]

Posted by on Friday, May 22nd, 2009
Posted in 101, Books of Interest
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Breaking Into Jail: Foot-in-Mouth Quotes & Soundbites

Last week we posted some noteworthy soundbites and direct quotes from the media and analyzed why they were effective.  In addition, we added a few foot-in-mouth quotes and soundbites. The kind of statements that are mortifying when they appear in print or are broadcast widely. I call these breaking into jail quotes and it seems [...]

Posted by on Thursday, May 21st, 2009
Posted in Quotes
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Opening a Bank Account for Your New Delaware Company

In the 28+ years that we have helped entrepreneurs form their companies one of the most frequently asked questions is “How do I open a bank account for my new company?” We will address this process in this informational blog post. First of all, if you are forming a Delaware company but intend to operate [...]

Posted by on Wednesday, May 20th, 2009
Posted in 101, INC Knowledge, Q&A
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Small Business Loans Available Soon

The Small Business Administration just announced the: SBA ARC Loan Program If your small business is stressed meeting expenses during these economic times, the U.S. Small Business Administration has a new loan program designed just for you. SBA’s America’s Recovery Capital Loan Program can provide up to $35,000 in short-term relief for viable small businesses [...]

Posted by on Tuesday, May 19th, 2009
Posted in HBS Announcements
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101 on Delaware Statutory Trusts

As early as the 16th century the concept of property being held in trust by one person for the benefit of another was part of the English Common Law. For nearly 400 years the common law trust has been used by lawyers mainly for the benefit of the extremely wealthy, who have cultivated a whole [...]

Posted by on Monday, May 18th, 2009
Posted in 101
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Innovation In Tough Times

I recently saw the results of a survey conducted by InnovationLabs called, “Innovation in Tough Times”. One key question they asked that got me thinking: What specific tip would you give your fellow innovators to improve their innovation efforts during tough economic times? Some answers to this question from the survey: • Hang in there [...]

Posted by on Friday, May 15th, 2009
Posted in Q&A
Tags: ,



Noteworthy, Quoteworthy and Foot-in-Mouth Statements

Want the media to use your agenda in their stories?  The key is expressing your message points during interviews and news conferences in extremely compelling language.  You want the reporter to think, “I gotta use that,” or “I couldn’t say that better myself.”  When those thoughts flitter through a reporter’s mind, it’s almost a guarantee [...]

Posted by on Thursday, May 14th, 2009
Posted in 101
Tags: , , ,



Seth Godin TED Talk just released

A great video of Seth Godin speaking about the idea from his book Tribes at the recent TED conference has just been released. At Harvard Business Services we believe that entrepreneurs have the ability to change the world. Seth says that to create a movement with your ideas you need to Tell a Story, Connect [...]

Posted by on Wednesday, May 13th, 2009
Posted in Videos of Interest
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