Funding and Building your Business

Corporate leaders, politicians, and labor economists in most developed nations are worried about the consequences of demographic change in their labor markets, which increasingly consist of older workers. In the United States, for instance, the population older than 65 will grow from 12.5% in 2000 to 16.6% in 2020 (the corresponding numbers for Germany are 16.4% and 21.6%, and for Japan 17.1% and 26.2%). This trend will prove expensive: Across the developed world, the health care costs for a person over 65 are roughly three times the costs for someone between the ages of 30 and 50.

“When the big boys come to play, they come with an agenda,” he complains. “They want to get rid of you.”

The program, which Locke called a "one-stop shop" for small companies, partners businesses with specialists who act as case workers to advise on a variety of issues.

10) Generate joy. Don’t just satisfy a need for a commodity.

How do you actually run one?

Make your planning real. Make it help your business. Make it help you control your destiny and manage better.

When should you incorporate?

At Dartmouth College’s Tuck School of Business and Indiana University’s Kelley School of Business, the programs are free; others charge the company anywhere from $50,000 to $80,000.

First a quick terminology recap (skip this paragraph if you’re already familiar with convertible debt vs. preferred equity).

There are about as many mistakes to be made as there are entrepreneurs to make them.