Here’s a scenario I see often. A client has a business idea. They think it’s a great idea but they haven’t done much, if any, customer development. Before they’ve even completed real market research to validate their idea, they’re thinking about color schemes...
About 20% of businesses fail in the first year, according to recent statistics from the Small Business Administration. Only about 50% survive after 5 years. The reason is not that people are incapable or decide they don’t like being business owners. The reason, I...
I hear this a lot: “I’d like to start a business one day, but I’m just not sure where to start – I don’t even have an idea.” If that’s you, you’re in good company — I find it’s a really common statement for my clients to make. Why start a business anyway?...
Here are a list of the most-read blog posts from North Financial this year. Do you work with a full-time fiduciary? As a consumer it can be difficult to tell from marketing information or an advisor’s website if he or she is, in fact a fiduciary at all times when they...
I was featured in two profiles recently that provide some more background about what it’s like to be a female entrepreneur and how I decided to start my own financial planning firm. The first is from the XY Planning Network, which is an association of hundreds...
There are lots of great organizations for networking out there. I’ve found that it helps to find a mix of people from inside and outside your industry to lean on for support, especially in the early stages of starting up a business. One of the reasons I joined...
