It depends. Remember this always - "Entrepreneurs bring value to an idea." One of the most common types of startup businesses is when someone decides they want to make their hobby into a business. But let's be clear here. Not all hobbies translate well into a business that creates an income. I always advise fledgling entrepreneurs to follow their "interests", which may not exactly be a hobby. For instance, if my hobby was collecting sewing thimbles or drink shot glasses fro

The emergence and popularity of the TV show "Shark Tank" has helped to crystalize the thought processes used by potential businesses to evaluate investment opportunities in early stage or start-up businesses. I've received business plans on a napkin (really!) and business plans that are hundreds of pages. It's really quite simple to grab an investor's attention with the right mix of quality information about your business or start-up. First, we need to clearly understand what