First, understand that you no longer care to be simply a millionaire. You have to become a multimillionaire. Although you might think a million dollars provides you with financial security, it will not. Because of the volatility in economies, governments and financial markets around the globe, it’s no longer safe to believe a million dollars [...]

This story appears in the Feb. 27 edition of Forbes magazine. In one corner of Manoj Bhargava’s office is a cemetery of sorts. It’s a Formica bookcase, its shelves lined with hundreds of garishly colored screw-top plastic bottles not much taller than shot glasses. Front and center is a Cadillac-red bottle of 5-Hour Energy, the [...]

Business planning is focused on results. You need to make the contents of your plan to match your purpose. Don’t accept a standard outline even though it’s there. What is a business plan? Your own business plan is any plan that works to have a business to look ahead, allocate resources, focus on key points, [...]

Budding entrepreneurs often turn to a lender that overlooks weak points, provides flexible terms, and negotiates a dream-come-true interest rate: the Bank of Mom or Dad. With zero established track record, start-ups often have trouble getting a traditional bank loan or funding from venture or angel investors. So after tapping their savings, founders often go [...]