If you have the chance to purchase a master franchise, understand the risk and that success may come only when you learn by doing.
Scott Shane is A. Malachi Mixon III, Professor of Entrepreneurial Studies at Case Western Reserve University. He is the author of nine books, including:
He is the Editor of the Small Business Research Center at Small Business Trends.
He is also a member of the Northcoast Angel Fund in the Cleveland area. You can reach him at Scott “dot” shane “at” Case “dot” edu.
If angel investors are looking for entrepreneurs with what they call integrity, what exactly does that look like?Oct 5, 2015 218 Shares
Equity crowdfunding -- selling "shares" of your startup through crowdfunding to raise funds may sound like an intriguing idea but it's not without risks.Sep 28, 2015 276 Shares
Discounting strategies employed by a lot of franchisors -- like offering coupons -- can cause a rift between them and the franchisees who depend upon exceeding sales goals to make a profit.Sep 21, 2015 274 Shares
The PITCH U competition at Kent State University in Ohio gives students and would-be entrepreneurs the opportunity to make "elevator pitches" to real life angel investors. Cash prizes are being awarded to winners.Sep 14, 2015 264 Shares
Not all franchise business opportunities are the same. It's wise to do plenty of research before jumping in to just any franchise opportunity.Sep 14, 2015 406 Shares
Entrepreneurs around the globe are looking for potential investors in their ideas or their companies. If you're looking to invest and have considered backing a young startup, be wise in the projects which you choose.Sep 7, 2015 407 Shares
Venture capital investing has changed in just a short amount of time. Here's how the market differs today than from the beginning of the decade.Aug 31, 2015 427 Shares
For some small businesses and startups, crowdfunding to raise capital may be the best way to get off the ground. Then again, this means of raising capital is not for everyone. Here are five businesses that could benefit from crowdfuding.Aug 24, 2015 307 Shares
There are plenty of tips on how to score a small business loan from a traditional lender, like a bank or credit union. But more loans are being granted outside the banks. Here's how to find a loan from a peer-to-peer or online lender.Aug 17, 2015 261 Shares
A new study examines the qualities of growing franchise businesses versus those franchise business that have shrunk in size over the last five years.Aug 10, 2015 562 Shares
In the evolving world of crowdfunding equity investment, there's still a world of difference between the options accredited and non-accredited investors have open to them. Professor of entrepreneurial studies Scott Shane explains further in this piece about where things stand.Jul 27, 2015 338 Shares