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To speed the start-up process for student (and faculty) entrepreneurs, the University of Texas is launching a program called Texas Venture Labs.The university-wide initiative will guide entrepreneurs through the company birthing process and connect them with business, technology and legal resources. Funded by alumni from the McCombs School of Business, where it is housed, Texas Venture Labs will selectively take on projects and provide (student) labor to help the firms get off the ground. That includes doing market research, developing ...

You've got to spend money to make money and, at any given time, your business undoubtedly owes someone something. Even if you're a solo entrepreneur or an independent contractor, you're likely spending for business purposes, and you need to keep track of expenses – both before and after they're paid.Though the terminology can sound intimidating, accounts payable is simply the process of accounting for and paying invoices—it's your company's updated list of debts and liabilities. Managing accounts payable boils down ...

What's the value of your business? That depends on whom you ask. Ask potential buyers, especially when they're being cautious in tough economic times, and it might not meet your expectations. Negotiating a sale of a privately-held business is never a breeze – and it's much less so in a down market in which there is little competition among buyers to drive up the multiple. When a seller's expectations aren't being met by potential buyers, including an earn-out provision in ...

Bo Burlingham, author of Small Giants (and well on his way to being the father of a new "Small Giants" movement) will be joining me in conversation next week. Our topic: the DNA of the best small companies in America. Too many businesses focus on revenue growth at the expense of profitability. They're choosing a dollar today even if it may cost them 99 cents to deliver the value. Small Giants, on the other hand, focus on profit. They run ...

Honestly, has there ever been a better time to be an entrepreneur? I can remember when trying to start a business was a costly undertaking. The newfangled laser copier I bought when I started my first business--script-typing--cost $1,200, if you can imagine. Now, they about give them away if you join a bank. This week for Wednesday Web Resources, I'm chockablock with free online tools for getting your business up and rolling. Just starting up your business and need to get your ...

On the web, you have about two seconds to engage any given visitor, so getting right to the point is crucial. One way to accomplish this is to skip the excess footage at the beginning of an embedded YouTube video to start with the most relevant "scene." Here's how it's done:Pull up the video in YouTube and pause it at the point where you want it to begin playing on your site.Below the video, note the minutes and seconds the ...