The University of Harvard each year organizes business plan contest that allows hordes of entrepreneurs to present business plan. This contest is not a recently thought up plan but rather it is continuing since 1997. The contest was initiated with motive to inspire the Harvard business school students to take the shape of successful entrepreneur. The contest has spawned some of the noted names in the business like Michael Bloomberg and Tom Stemberg. These entrepreneurs started their career through this business plan contest. The contest gives exposure to an entrepreneur to a drove of investors and venture capitalists. The  [...]

It is glamorous to think yourself in the position of an entrepreneur and it can be hardly argument that such apposition will make no difference in your life. But there are countless instances when entrepreneurs have failed in business management. Business advisers will have myriad lessons for managing business and some of them might prove fruitful if you use them. But the failure in business lies less in style of management and more in the purpose of initiating the business. If an entrepreneurs has kicked of a business in the lust of earning plenty the chances of failure is high. A business idea can appear like a flash  [...]