4 Ways to Cover Your Ass Legally as a Business Owner

Client not paying? Sometimes, it’s best to sidestep a lawsuit by first sending a ‘demand letter’ written on your lawyer’s stationery. April 12, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Recently, I related to Entrepreneur readers how awful 2018 was for my business: ups and downs, mostly downs: My business partner Dan Foley and I were taken on a veritable rollercoaster ride of big bets and big busts. Related: Managing Your Lawyers as Your Startup Grows One of the only good things that happened last year? We learned a lot from lawyers. The reason was that all of our blockchain clients and security token offerings (STOs) needed legal counsel. So, we went looking for the folks who could help them. And, not only did we help clients connect to attorneys, but we also collaborated on our clients’ legal documents: private placement memorandums (PPMs), purchase agreements and white papers. The takeaway? We learned firsthand […]

Read more

3 Great Ways to Invest Your Savings (If Your Business Hasn’t Yet Made You a Millionaire)

Here’s a money-making idea you perhaps haven’t thought of: Buy a house. But don’t live in it. Rent it. March 11, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. As business owners, we get really good at all sorts of things, like branding, marketing, sales, account and project management. But one skill many new business owners are lacking in is how to manage their finances. Related: 7 Quick Ways to Make Money Investing $1,000 This isn’t surprising: Nearly two-thirds of us Americans can’t pass a basic financial literacy test (the kind that asks you how much 20 percent interest on a $1,000 loan amounts to). And, as the financial regulator FINRA has reported, things aren’t looking up. FINRA’s surveys of Americans between 2009 and 2015 showed our financial knowledge nationwide growing steadily worse, not better. In short, we’re laughably bad at counting money and figuring out how to save and invest […]

Read more

3 Business Lessons That the Worst Year of My Life Taught Me

Going ‘all in’ on cryptocurrency as a business was a huge mistake, this contributor now acknowledges. February 18, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. For three years, from 2015 through the start of 2018, life was really good. In fact, that long stretch was probably the happiest time of my life. Related: How I Transformed My Business Failures Into Strengths Yes, I had been fired from my last full-time job, but I found a great girlfriend. Yes, I felt support enough to start my own agency with a fantastic business partner. And, yes, that business, Tailored Ink, grew by leaps and bounds. I started making six figures working with brands I’d never dreamed we’d land. I was invited to join the Young Entrepreneur Council. Honestly, life was almost perfect. Until it wasn’t. Peaks and troughs… That third year, 2018, started as good as the previous two years had […]

Read more

4 Things I Learned From Pivoting My Entire Business Toward Marketing ICOs

An Entrepreneur contributor talks about risk and reward, which don’t always come as a pair. July 12, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. At the beginning of 2017, after briefly hopping on the roller coaster ride of cryptocurrency and initial coin offering (ICO) investments, my business partner Dan Foley and I began to wonder, “Wouldn’t it be cool if we could do this more often?” Related: 5 Big Brands That Had Massively Successful Pivots Until then, we’d been devoting 100 percent of our marketing efforts to traditional startups and enterprises. We’d been doing well at this, and our business was growing year after year. But we saw the potential in the growing ICO market. Even though ICOs were (and still are) surrounded by regulatory uncertainty, we were excited to get our feet wet. We were hungry for more opportunities. Fast-forward to the middle of 2018. We’ve […]

Read more

3 Things You Need to Know Before Starting Your Own ICO

Ever hear of ‘pump-and-dump’ groups? You’d best be aware of this and other scams before you jump into cryptocurrency. May 29, 2018 6 min read If you’ve been following the news lately, you could be forgiven for thinking the crypto market is already dead in the water. Consider the reports that have said: We’re firmly in a crypto bear market, which might (or might not) last for several years. Talking heads like Warren Buffett and Bill Gates prophesize doom and gloom for bitcoin. There are still many scam ICOs. My take? Don’t believe all that negativity. In fact, ICOs have never been hotter, according to the numbers: More than twice as much money was raised through ICOs in the first five months of 2018 than in all of 2017 ($7.7 billion vs. $3.8 billion). More than twice as many ICOs launched in the first five months of 2018 than in all of […]

Read more