Cory Thaxton

If you plan to start a new business or already have but you don’t have an office or lab space, why should you consider working with a small business incubator?   An incubator is an organization that offers assistance and resources to help newly-formed businesses get started and supports them as they move forward. Small business incubators also provide space to house these … [Read more...] about How Small Business Incubators Help Startups Grow 

If you are a faculty inventor, you’re likely also interested in becoming a faculty entrepreneur. Aspiring to be an entrepreneur is the first step, but what should you do next? Take Action Bruce Fischer, professor of business and economics at Elmhurst University, said in a blog post that “above all, you should take action” and not procrastinate. Fischer suggests taking … [Read more...] about Entrepreneurship: Where Do I Start?

Are you a faculty member at a university? Are you a researcher with an invention that you want to monetize? Do you want to start your own startup company? If you answered yes to these questions, another question you need to consider is, should you leave your research position at the university to lead your company or get out of the way entirely?  The … [Read more...] about What Should a Faculty Inventor’s Role be in Their Startup?

The process of opening a small business is already stressful enough without even worrying about how to fund it. But it’s good to start thinking about business costs early in order to know where the money will go.  Sammi Caramela, a Business News Daily contributing writer, said in an article to “be realistic” when considering how much starting a … [Read more...] about How Much Does it Cost to Start a Business?

“Teamwork makes the dreams work”. The well-known phrase has been overused as a company motto. Yet, it remains true and always will.  Haven’t heard it? Maybe you’ve heard, “If everyone is moving forward together, then success takes care of itself,” a quote by Henry Ford. Or maybe, “differences of habit and language are nothing at all if our aims are identical … [Read more...] about Innovation Teams Work To Make Your Dream Work

Most inventors, whether they are university faculty or not, want to eventually start a company and capitalize on their inventions and research. For university faculty, this could be, or at least seems like a much more difficult thing to do. Why? Well, they already have a full-time job as a professor.   There … [Read more...] about How to Spin Out University Research into a Startup as a Faculty Member

Have you ever thought about opening your own business, but you didn’t know when to do it? Maybe you’ve heard the phrase: “the best time to start a business is today.” Is this actually good advice?  Yaro Starak, entrepreneur, blogger and podcaster, answers this question on his blog. Starak highlights three things aspiring entrepreneurs should do first when they decide to open … [Read more...] about When is the Best Time to Start a Business?

We all have heard “you learn from your mistakes,” so, why do a lot of startup blogs warn entrepreneurs of the mistakes they shouldn’t make when starting a business, but not very many tell them what mistakes they should be making? Some mistakes teach us more than our successes and some of those mistakes are bound … [Read more...] about Mistakes Aspiring Entrepreneurs SHOULD Consider Making when Starting a Business

Finding balance in your professional life and your dreams can be hard for anyone. Faculty in academia, hoping to become entrepreneur and start their own companies, find this especially difficult. Finding this balance is essential to having success both professionally and in entrepreneurial endeavors.   Amy J. Ko, … [Read more...] about How to Juggle Faculty Entrepreneurship