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This pioneering Babson study examines whether writing a business plan before launching a new venture affects the company's subsequent performance. Interestingly, the analysis revealed that there was no difference between the performance of new businesses launched with or without written business plans. Unless a would-be entrepreneur needs to rais Read More

logs and blog comments are great for a small business owner because they allow you to socialize with others within your niche, which can indirectly promote your business. This is true for both your own blog and comments on others, but one thing you have to be careful of is a commenter who is out to make you look bad. Read More

The Golden Palace Casino paid South Carolina resident Amber Rainey $4,000 to advertise on her pregnant belly. The SnoreStop Company gave Andrew Fischer of Omaha, Neb. over $37,000 for one month of advertising space on his forehead. While there are plenty of people willing to rent their body parts in exchange for lucrative advertising dollars, ther Read More

What do all of the 2008 presidential candidates, the cast of Grey's Anatomy, and thousands of small business owners have in common? They all have profiles on MySpace, the popular social networking website. More than ever before, social networking sites such as MySpace are important resources for entrepreneurs seeking to market their businesses on Read More

Tom Szaky has often been told that he is crazy. At age 19, he dropped out of Princeton to start TerraCycle, a business revolving around selling an all-organic liquid plant food made from worm feces—and no, that's not a typo. When he first started out, he had a hard time raising capital and people often laughed him right out of the office. But thi Read More

While most people try to get rid of their beer belly, Brooks Lambert is trying to sell you one. For as long as he can remember, Lambert wanted to be an inventor. As a child, his father would always ask him what he wanted to invent and his reply was “cool stuff.” He did just that when he created his quirky product, the Beerbelly through his busines Read More

Imagine a world without cancer, hunger, AIDS, malaria or tuberculosis. While there is still a long way to go in the fight to cure these afflictions, scientists are getting closer to finding the answers thanks to something called World Community Grid. Read More

More than a million low-wage workers will get a pay raise this week. The federal government's minimum wage is set to jump by 70 cents to $6.55 an hour on Thursday. The hike is the second of three annual increases in the minimum wage that were ordered by Congress last year, following a decade with no increase. Read More

Richard Dekaser discusses the economy on "The Small Business Advocate radio Program-Wed. morning... Read More

Contrary to what many aspiring entrepreneurs believe, the key to a successful startup does not rest upon having a unique, one-of-a-kind idea. A good idea is a necessary starting point for any new business, but that's all it is. As VC and entrepreneurship teacher Rob Adams points out, ideas are not scarce: they're commodities. Virtually any idea Read More