My Virtual Dave

Yes.  I am a believer in natural selection.  Some businesses should fail.  I repeat… SOME

If we continually come up with ways to nurture and support weak ideas, we will prevent innovation from shaping the future of technology.  Business Incubators are one example of what I am talking about.  A business incubator is designed to allow entrepreneurs to be protected during the fragile stages of the creation and development of their start up. Read more…

I just heard from a friend of mine.  He is out looking to raise capital for a business venture he is starting.  Without going into all the niceties of our conversation, we quickly got into a discussion about raising capital and pondered the effects the current economy will have on availability to capital.  So I figured I would share some of my views on that here. Read more…

I remember 1994 very fondly.  My son Nathan turned 2, my wife was expecting our second child and he was born that year (Lucas).  I turned 30 that year.

It was also the year I started my first company.  I had this idea that was bouncing around in my head.  I felt a need to let it out.  If you have read my other post, you will know that I believe that when you set out to start a company, you need to have a great idea, but you don’t want to fixate on the solution, you want to focus on the problem.  The solution should be something you are willing to mold and shape.  To toss out bad ideas in favor of better ones.  Thats why I love napkins.  They are easy to throw away. Read more…

Starting a company is easy.  Whether the company is a DBA (sole proprietor), LLC, or a S or C corp there are many things you should know about.  Wait… I should say NEED to know about right?  Well lets see.  There are the regulations and then there is what is really happening out there.   Now I cannot attest to percentages or statistics of how many are following the process or not, but in my personal experience, there are many that do not. Read more…

Passion.  I believe it differentiates many people.  We all have passion.  But do our passions align with our ambitions?

When you are an entrepreneur and you are starting your own company, your passion is at its peak.  However, where you place your passion can directly drive you to success or failure.  Passion does not mean instant or guaranteed success, what passion does is keep you focused and provide you energy to drive you toward success. Read more…

Incenting employees is a great way to acheive desired results. Its only human nature for people to modify their behavior to achieve something they want. But why do they fail?

We live in a rule based society. We grow up our entire lives having to live by other’s rules and in some cases we don’t even understand the purpose of the rule. For example. Did your mother tell you that the rule was you couldn’t go swimming for a half hour after eating? Sure sure… people think that it was because we would get cramps. The reality is that we would rush through our meals and want to run straight for the pool while our parents were still sitting and eating their meals. The truth is they didnt want to have to get up and come watch us swim so we wouldnt drown. But they didnt tell us that, they just made up a rule and a reason and we accepted it. Read more…