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Did you know that there are more than 500,000 new businesses started every month in the US*? Crazy, right? I’m pretty sure you want to be one of them or you wouldn’t be here, so stop procrastinating and start building now.

Here is your 3-step action plan for today:

1) Sign up to get free tips for building your business + you’ll receive my guide to the Top 10 Mistakes New Entrepreneurs Make

2) Visit my blog to start getting clear, understandable, and actionable info to help you build your business

3) For personalized assistance, take a look at how I help new entrepreneurs and make an appointment with me

Have a great day and be proud of yourself for taking your first step towards becoming a business owner :)


Do You and Your Business Partner Need Co-Founder Couples Therapy?

By on June 29, 2015

This week, we’re talking about something that sounds a bit silly but could be the most valuable thing any of you will ever do for your business – co-founders couples therapy.

I’ve talked a lot in the past about the importance of choosing the right co-founder and getting all of the proper agreements in place so everyone’s clear on everything up front. I stand by that, of course, but since building a business is so stressful and ever-changing, just like a marriage, even if you chose the perfect co-founder and you agreed on how everything should look upfront, you’re still not going to make it through such a close relationship for any length of time without experiencing conflict at some point.

There’s nothing wrong with conflict, it’s a normal part of human interaction and it can actually be quite helpful in a business setting because you need to examine competing ideas and evaluate what would really be the best course of action in order to succeed. You don’t want everyone just agreeing with everything and nobody having creative ideas or thought-provoking concerns about the business’ strategy. The trouble lies in how that conflict is handled by the co-founders.

Now, I’m not a therapist and you’re not sitting in my office with me, so I’m not going to pretend I can give you some therapy through this computer screen and fix your relationship with your co-founder. I can, however, help you identify some tried and true signs that you need to find someone – a real, live, in-person therapist – who can.

Just as in a marriage, in a business there are some sure signs that your relationship is on thin ice and that you’re probably good candidates for co-founders couples therapy:

First up: does either partner feel like they’re not being heard? It’s one thing to have two different opinions, talk it out, and choose to go with one or the other. It’s another thing for one partner to bulldoze the other so she feels like her opinion isn’t even being heard or respected. A partner who doesn’t feel heard is a partner who will soon feel very resentful.

Which brings us to sign #2 you and your co-founder need to head over to couples’ therapy: either partner feels resentment towards the other. Resentment is poison in any relationship whether it’s a business partnership, a marriage, or just a friendship. If either partner is resentful, you need to go deal with it now.

Clue #3 that you probably need couples therapy with your co-founder is that either partner wants out of the business, but it’s not because he or she doesn’t believe in the business’ potential for success anymore. If a co-founder starts saying things like his heart just isn’t in it anymore or he wants to pursue other opportunities but maintains complete confidence in the business’ potential, there’s more than likely something else going on. Yes, maybe the co-founder just has a short attention span, but more likely there is an issue with the relationship that he may not even be aware of, but that is making him want to exit the partnership.

If you or your co-founder is experiencing any of these feelings, you should get your butts to couples therapy ASAP. Your business depends on you and your partner working well together and being able to communicate and make decisions about strategy and direction without any strong negative emotions clouding your judgment or slowing down the process. Besides, co-founder couples therapy seems to be the rage these days with everyone from Cisco to Stanford to Google offering it for their top executive teams or student co-founders. Does it sound silly to say my co-founder and I are in couples therapy? Yeah, I suppose; but if it will help your business thrive it’s well worth it.

If you’re an aspiring entrepreneur, the best thing you can do for yourself is to just get started. That first step is huge!
If you’re not ready for a big commitment, check out my business planning ebook here. It will take you through the whole business planning process for less than $5 so you’ll at least know if you can and should move forward.
More of a video person than a text person? Click here to try my ecourses instead.

Infographic: 3 Steps to Proper Product Pricing

By on June 25, 2015

Awhile back I wrote a post giving some tips for how to properly price your products or services. Today I thought I’d just do a quick add on to that post by creating a short infographic to cover the issue. If


Quickly Test if Your Website is Mobile-Friendly (For Free!)

By on June 23, 2015

Today’s post is super short but super useful and immediately actionable. A couple of months ago I found a really cool trick that can help you instantly make sure your website looks great to everyone, so I’m going to share


Infographic: Don’t Let Entrepreneurship Ruin Your Passion

By on June 18, 2015

A few weeks ago I wrote a post talking about how entrepreneurship can easily ruin your passion, if you’re not careful. Today I thought I’d just do a quick add on to that post by creating a short infographic to


Before Entering a Partnership, Be Clear on What Each Side Gets and Is Expected to Give or Your Startup or Small Business is In For Some Trouble

By on June 16, 2015

This week, I want to talk a little about the importance of being crystal clear on what everyone’s expectations are when you enter into any business agreement like a partnership or other contract. We all know this, but we also


Entrepreneurs Should Always Follow Their Target’s Lead

By on June 9, 2015

This week, we’re talking about how you, as an entrepreneur, should interact with any of your targets – potential investors, potential partners, potential customers, whomever. What I have to say is pretty straight-forward, but it can really make or break


Funding Sources Cheat Sheet for Novice Entrepreneurs

By on June 4, 2015

I’ve talked about business funding dozens of times here on New Venture Mentor but it occurred to me that a quick little cheat sheet of what’s what when it comes to funding sources might be helpful for 1st-time entrepreneurs. The


Entrepreneurs Must Understand That What Customers Say They Want and What They Actually Want Aren’t Necessarily the Same

By on June 2, 2015

I have a quick but important post for you all this week; it’s all about how everyone’s a liar. Provocative and dramatic, I know, but it’s true, and not accepting it gets a lot of new entrepreneurs into a lot of


Infographic: Shark Tank Pitch Tips

By on May 27, 2015

Shark Week is over a month away but Shark Tank seems to be popping up in my life a lot lately. Last month I was excited to learn that the show is doing an open casting call for entrepreneurs in my

CustomSnapshot_How to Prevent Entrepreneurship from Ruining Your Passion

Will Entrepreneurship Ruin Your Passion?

By on May 26, 2015

We’ve all heard the refrain, “Do what you love and you’ll never work a day in your life.” It’s especially popular in small business and entrepreneurship circles because it encourages people to leave their dreary day jobs behind and exchange