Posts in Entrepreneurship

How Good Is Your Idea?

People have ideas all the time. How do you know if it’s a good idea?  By good idea, I mean a scalable business startup idea. First, you can socialize the idea with your friends and see what they think.  However, …






The State of the State In Illinois

Went on the Chicago Tribune website this morning and searched for an analysis of Illinois Gov. Pat Quinn’s State of the State message.  It’s no where to be found.  The headline on the News website was about an argument over …






Let’s Add DEPTH to the Midwest Ecosystem, not Horizontal

Thanks to Crain’s Chicago, I received the opportunity to write an op-ed for them today.  You can read it here.  I was tweeting back and forth with Ann Dwyer(@AnnDwyer_Crains), and she suggested it. Crain’s has done a lot to report …






5 Mobile Advertising Trends for 2013

Everybody shops, so the demand pull in 2013 is to facilitate shopping. The retail industry wants conversion, lead generation and loyalty out of the mobile shopping trend. The smartphone user wants real time relevance, reach and precision. Both want location …






Can You Build A StartUp Ecosystem? 5 Things You Have to Have

A lot of politicians are interested in pursuing startup ecosystems.  When they talk about it, everyone agrees that it’s a good idea.  Who can be against job creation and creativity?  Everyone wants a Silicon Valley in their hometown.  But, saying …






Welcome Tech Stars Chicago

Last night I was invited to a mentor meeting at Excelerate Labs in Chicago.  I have mentored at Excelerate since its inception.  Walked into 1871 and there was the usual buzz there.  It is always fun to see old acquaintances …






Tax Code Carve Out-Free Money For Smart Investors

Did you know that if you invest in startups, you pay no taxes on the gain?  Zero taxes will accentuate a trend I see just beginning to happen. Taxes rarely if ever enter into the decision to invest in a …






Cooler By The Lake

Cooler by the lake is a phrase almost all Chicagoans know.  Because in the summer when the weather gets a bit swelty, you can travel down to Lake Michigan and shave off about ten degrees.  It’s a big air conditioner. …






How To Run A Productive Board Meeting

Board meetings can be a royal pain in the butt.  Yesterday, I was at a seminar to learn how to run a good board meeting. It was lead by Donna Zarcone.  She has a lot of board experience, and has …






What’s Your Network Look Like?

Everyone talks about networks.  Few understand them.  They power network and drop their card in everyone’s hands.  True networking is more than that.  For example, Notre Dame has one of the best networks in the universe.  Why? It’s because each …






MTXE-A Phrase That Pays

We like to turn everything into abbreviations these days. Feels like speaking the english language is changing to military speak.  The military famously abbreviates everything.  That’s why it’s a pain in the rear to be a plebe at a military …






How To Make Big Money And Have Success

“Pigs get slaughtered” A lot of people fantasize about becoming a billionaire.  They see Wall Street titans, bankers, successful entrepreneurs and think they could be there too.  A lot of wealth starts with a dream, but dreaming of wealth gets …






Trust in Sake: It’ll Warm Your Heart

Last night, the angel organization I co-founded had a small social event at a hot restaurant in Chicago, Union.  One of the things great organizations do is get together outside of work to build trust and rapport.  When you are building …






Fake It Till You Can’t Fake It Anymore

This is a guest post by Robbie Abed. His bio is at the end of the article.  We are buds and he is an integral part of the Chicago startup community. —- “Fake it till you make it” is a …






Groupon and Guns-Half Off Business Intelligence

Yesterday Groupon ($GRPN) made the decision to pull any gun related promotion they had.  Big mistake. Guns are a polarizing political issue like a lot of issues these days.  Groupon just alienated a lot of potential customers. No matter what …






Should Chicago Build Another 1871?

Rumors are circulating that Mayor Emanuel wants to build another 1871 in Chicago.  He said it in front of a bunch of women entrepreneurs-which makes me assume he means to build an 1871 focused on a special interest group.  Nothing …






95% of the Time, Good Liars Tell The Truth

With the double whammy of Manti T’eo and Lance Armstrong, ethics and all the issues wrapped up in that are in the news.  Ethics are a big deal-but a moving target.  What’s ethical to you might not be ethical to …