Garage Entrepreneurs

We’ve assembled some top tips for young entrepreneurs from a few of our dedicated members. We asked them: What would be your best advice for a young, passionate entrepreneur or would-be entrepreneur? Joe Ornato – Founder, Ornato Group Create a backstage process.  Write down all the steps that it will take to give your customer the ultimate experience.  Natural sales people tend to “do” what they “know” intuitively, without getting into a well-defined process.  Building a process allows for: consistency, duplication, […] Continue Reading Best Advice for Young Entrepreneurs

Joining me today is young entrepreneur, Ashley Bodi, the Vice President and creator of Business Beware. She majored in Communications and Marketing while also playing volleyball in college. After coming back from working on a documentary in Los Angeles she remembered the idea Robert told her when she got out of school and was ready to pursue Business Beware. While working on the site, she started her own business doing editing and design work. She also worked for her family’s business. […] Continue Reading Interview with Ashley Bodi of BusinessBeware.biz

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

When I was a second-year student at the University of Western Ontario, I and four other individuals completed a for-credit project where we had to come up with a full business plan, complete with executive summary, projected statements, a five-year plan…the works. The idea was great. We put a ton of work into it over the year, had a great working relationship with key individuals who could provide us with the resources to bring this plan to fruition. From day one, […] Continue Reading I Love Young Entrepreneurs

For young entrepreneurs, it’s difficult to take that first step – but it doesn’t have to be. That first step doesn’t necessarily mean assembling a business plan, and it doesn’t even have to mean committing to an idea. In fact, the first step for some (and perhaps most) could be getting in the entrepreneurial mindset and staying on top of current trends. But where do you find entrepreneurial resources? There are a number of resources that we use on a daily […] Continue Reading Resources for Young Entrepreneurs

As a young entrepreneur you should be looking at this recession as a once in a lifetime opportunity. Dan Schawbel over at the Personal Branding Blog said it perfectly: “A good attitude is better than a bad economy.” Here’s what you can –and should- take advantage of during the recession: Interest rates –Rates have dropped to record lows. If you have a business loan that fluctuates based on the prime interest rate you’ve probably noticed that your payments have been much […] Continue Reading How To Take Advantage of the Recession