TechLifeMashup | Entrepreneurs, Social Media, and Technology

You have to spend money to make money or so the saying goes.  Any entrepreneur will tell you that you’re always going to have to spend a little money at least even if it’s just to buy your domain and hosting for your next startup.  Most entrepreneurs and first timers actually spend much more than a little bit of money getting their idea off the ground and running.  Knowing how to save money during the early stages of any startup can be crucial in the long-term success of the business.  Today we take a look at 5 quick ways you can save money on your next startup, which in the end means more money in your pockets.
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A fellow entrepreneur once said to me fail often, but fail fast. The idea behind this being that we learn the most from our failures, which only make us that much more likely to succeed the next time around as entrepreneurs rarely succeed on the first try.  By failing fast, you learn a lot, but also minimize your costs, time, and lost of resources in the process.  Recently, Adam Savage of the popular TV show Mythbusters gave a speech on the topic of failure highlighting his (many) failures throughout his career to get to where he is today.  Whether your a fan or not of the show (I am), there is no denying the success of Adam from Mythbusters.  Failure is a common topic in the entrepreneur space and knowing how to work with it a crucial to any entrepreneurs’ success.  Adam brings up many good points that any entrepreneur can apply to their own life and goals.  See for yourself!


Run Time: 1 hour (w/ Q&A at the end)

I’m currently in the process of reading the Four Hour Work Week by Tim Ferriss and actually almost done for that matter (book review coming soon!).  I have featured Tim Ferriss on this site in the past for various entrepreneur related topics (The Entrepreneur Spotlight: Tim Ferriss).  He is a pretty interesting guy who has found one path to entrepreneur success inspiring many others to do the same.  The other day I came across this in-depth interview with Tim where he discusses in good detail some of his past businesses and how he built his own business from the ground up.  It’s a great interview worth the watch and pretty recent.  Check it out and don’t forget to leave a comment before you go.


Run time: 54 min

Whether you’re a entrepreneur who has been in the game for several years or you’re just starting to get your toes wet, making sure you take the time to file your small business earnings properly is a must unless you want a very unpleasant visit from Uncle Sam.  It’s frustrating enough to file my regular taxes most years, but even more so now trying to figure out how to include my entrepreneur ventures (well the ones that profited) on top of it. Fear not for I have some excellent tax tips for any entrepreneur running a business that are sure to make your next filing much easier. More »

Starting your own business is essentially what defines you as an entrepreneur.  It’s something anyone with some time and hard work can do regardless of background or location.  I talk a lot on Techlifemashup about the benefits of running your business online, but I recently came across an interesting piece of information that some of you out there might find interesting.    CNBC just finished ranking their 40 best states to open a new business in based on a variety of factors such as quality of life and cost of living.  We’ve got the best 10 for you hear today. More »

Gary Vaynerchuk is an interesting recent high-profile entrepreneur.  Some people seem to love him while others find is in your face personality to be a little too intense.  Either way though, it doesn’t change the fact that Gary is a successful entrepreneur by any standard who was able to turn his parent’s small wine business into a multimillion dollar per year business.


As I discussed here a few weeks ago (The Entrepreneur Spotlight: Gary Vaynerchuk), Gary has since gone onto publish a book and become a motivational speaker for hopeful future entrepreneurs.  In the interview below, Vaynerchuk offers some good advice to anyone looking to start their own business and provides some insight into what he feels helped to make him such a success.

Have your own business?  Wish you could save more money than you currently are?  You’re not alone.  Many entrepreneurs who run their own business whether it be from an office or at home, are constantly looking for ways to cut spending without hurting the business.   You may be surprised to hear that this is actually easier then it seems.  Today, I’m going to share my top 5 tips  for saving money on your business.  Not only will you save money, but you’ll be more productive too! More »

There were 672,000 new small business start-ups in 2009.  Small businesses continue to grow in popularity as more people continue to turn to this career path.  Events such as a slow economy, job cuts, and better benefits are just some of the reasons people have turned to small businesses for work.  Wondering what types of small business did well, where the best place to start a small business is, or maybe you want to know why some businesses fail and other succeed?  Well,  Focus recently published a very interesting infographic answering these exact questions.  Take a look! More »

Women entrepreneurs represent about 40% of the private small business space with over $3 trillion in profits per year among them according to a recent article published at biznik. I’ve come to find entrepreneurship to be a much more level playing field when it comes to doing business than the traditional corporate setting for almost anyone regardless of background.  For this reason alone it is no surprise that we continue to see more women-based entrepreneurs entering the small business market.  So I figured I would take a moment to highlight 5 highly effective social networking sites geared towards women entrepreneurs. More »

Taking a start-up business public through stock options has been the traditional approach for most entrepreneurs of the past.  A entrepreneur would find a investor to fund the start-up.  The entrepreneur would then have to either sell the company off or have an IPO  and offer a public stock option in order to payback the investors.  IPOs and the public option have taken a backseat in recent years to corporate buyouts for a variety of reasons.  This shift in methods for generating financial revenues can easily be explained and with good reason. More »