Garage Entrepreneurs

The absolute best way to find a good idea is to look for a good idea. As an EIT (Entrepreneur-in-Training), you need to realize that a great business idea will never just ‘fall into your lap’.  In my experience, and from speaking to successful young entrepreneurs, you must actively partake in an ideation process. There are many places that you can look for a good idea, but some of my favorites have been included in a past post that I wrote on Entrepreneurial […] Continue Reading Young Entrepreneurs: To Find a Good Idea, LOOK For One!

If you’re a business student (or a future business student), you’re no doubt familiar with the 4 P’s of Marketing: Price, Product, Placement and Promotion. I’d like to talk about the 4 P’s of Entrepreneurship: Passion, Persuasiveness, Patience and Pain Threshold. Passion: One common characteristic about all entrepreneurs is that they’re passionate about what they’re doing. If you’re a young entrepreneur starting (or thinking about starting) a new business, you need to be able to live it, breathe it, eat it […] Continue Reading The 4 P’s of Entrepreneurship

So you’ve found an idea that you feel comfortable with and done a bit of research to decide if this is worth taking to the next step – next you’ve got to validate your idea. Having a great idea isn’t what makes great new businesses. No one ever got rich from a great idea; they got rich from turning that idea into a profitable business. In addition, no investor will give you money for a good idea – you’ve got to […] Continue Reading Garage Entrepreneurs Business Planning Blog Series: Part 3 (Validation)

Hopefully last week’s Ideation Post got you thinking about your next big business idea, or perhaps your first big business idea. But now, the next, most important question: How do you know that this idea is going to work? How do you know that you can take this idea and run with it and turn it into something great? You need to find a ‘fit’. The first (and perhaps the most important) check is the ‘gut check’: Does it match with […] Continue Reading Garage Entrepreneurs Business Planning Blog Series: Part 2 (Screening Your Idea)

Starting a business is hard work. Are you a motivated and talented individual who knows that one day you’d like to start a business? You’re not sure how to do it, or what you can be doing now to be an entrepreneur but you have a desire to try something new. In searching the internet there is no one-stop-shop, definitive place for young entrepreneurs to find start-up resources. At Garage Entrepreneurs we would like to help you start your first business […] Continue Reading Business Ideas