Call us at (440) 366-4310

Creating a Winning Business Plan for Your Startup

Business Plan Image

Anyone can come up with a great idea. It’s taking that idea and turning it into a business that can be difficult. Before you start hiring employees or renting office space, you need to first construct your business plan. Devising a well thought out business plan will help you stay organized and focused, and will increase your startup’s chance for success.

Continue reading
104 Hits
0 Comments

The Most Important Startup Question

question

When building a startup company, there are steps you will need to take. But before you get into constructing the business plan, there is one question you should first address; am I solving a real need, or a perceived need?   

Continue reading
97 Hits
0 Comments

The Most Important Personality Trait All Business Leaders Should Have (And You Should Too!)

humility

When characterizing a great business leader, words such as confident, persuasive, or assertive probably come to mind. However, according to a recent study, there is a trait that's even more valuable when it comes to good leadership. A recent study by The Wall Street Journal identified humility as one of the most important traits for a business leader to possess. 

Continue reading
73 Hits
0 Comments

The Beginners Guide To Content Marketing

content marketing

Although the concept of content marketing has been around for hundreds of years, it has recently become increasingly popular due to the rise of the internet and social media. Content marketing differs from traditional marketing approaches in that it isn't focused on the company's brand, products, or services. It's all about the target audience. What matters to them? And how can you offer them something no one else can?

Continue reading
66 Hits
0 Comments

Can Hedgehogs Make Football Safer?


If you have ever seen a Hedgehog before, you may wonder how the quills on their back work. When a hedgehog falls, its spine functions as a shock-absorber and protects it. If these quills could somehow be replicated for humans, they could potentially offer similar protection. This is where Hedgemon, a Cleveland-based technology startup, enters. 

Continue reading
275 Hits
0 Comments

SPR Therapeutics Revolutionizes Pain Relief with New Medical Device

SPR-Therapeutics

How SPR Therapeutics is Changing the Game with new Nerve Stimulation Technology 

Continue reading
181 Hits
0 Comments

Measuring glucose levels in saliva

NanoBio Systems
How NanoBio Systems is using Desich SMART Commercialization Center equipment and the help of LCCC interns to commercialize its technology

To measure glucose levels, those with diabetes must suffer the frequent – and painful – finger pricks required of most home monitors.

Continue reading
1625 Hits
0 Comments

A winning partnership

Nordson SMART partnership
Work with SMART Microsystems yields big wins for Nordson – and the region

Nordson Corp.’s Lorain County roots run deep.

Continue reading
2051 Hits
0 Comments

Success in 3-D

As additive manufacturing explodes, MakerGear gets spark from LCCC’s Fab Lab

In the early days of 3-D printing, MakerGear founder Rick Pollack bootstrapped a small business making components in his Shaker Heights garage.

Continue reading
1177 Hits
0 Comments

Cracking cybersecurity: What businesses need to know

As cyber criminals become increasingly sophisticated, digital crime has grown at an alarming rate, motivating businesses of all sizes to strengthen their cybersecurity protocols and hire new talent.

Continue reading
1225 Hits
0 Comments

How a startup becomes a scale-up

Jim Walborn of Banyan Technology
Cliff Reynolds of GLIDE

All successful companies start as an idea, but at some point, that idea has to generate sales if the business is to succeed.

Continue reading
1277 Hits
0 Comments

Mastering business fundamentals for startup growth

Watch Simon on WKYC

With a doctorate in engineering from Case Western Reserve University, Simon Melikian knew a lot about building technology when he founded Recognition Robotics.

Continue reading
1068 Hits
0 Comments

The One Question Every Entrepreneur Should Answer

I was in Tuscaloosa, Alabama visiting my mother-in-law a few weekends ago.  One of the things I always do while I’m there is visit the University of Alabama. That got me thinking about the entrepreneurship space. 

Continue reading
1142 Hits
0 Comments

Why Startups Should Always be Raising Money

Money makes startups fast.

Continue reading
1217 Hits
0 Comments

A Reality Check for Your Startup Expectations

As you begin your journey as an entrepreneur what are your expectations? If you’re like many new entrepreneurs, you’re probably thinking you have a great idea for a new business. You assume you’ll dedicate your time and talents to your startup for the next year or two, get it to positive cash flow in three years, and in five years you will be in control of your destiny. You’ll be in charge of a profitable business venture with opportunities to either grow it or sell it.

Continue reading
1531 Hits
0 Comments

5 Mistakes Startups Make when Negotiating License Agreements

Negotiating a license agreement is hard, especially when you’re the small, young company in the deal. Here are the top five mistakes startups make when negotiating.

Continue reading
1945 Hits
0 Comments

Dreaming of an Acquisition? Here’s How to Prepare

Simon of Recognition Robotics2

You’ve made it as an entrepreneur. Your startup has positive cash flow, proven growth, and a strong management team. What’s next? No problem, you say. Just sell the company for big bucks. Easier said than done. Here are the things you need to think about before considering acquisition.

Continue reading
1022 Hits
0 Comments

The Rules of Startup Financials

Applying for funding when you're a cash strapped entrepreneur can be stressful. Developing the financials for your business can bring on additional stress, but it doesn't have to. As long as you have a well thought out business plan, doing the financials to go with it is just a matter of putting the dollars to the business tasks. Here are my seven rules of effective startup financials.

Continue reading
3409 Hits
0 Comments

How Startups Should Approach Doing Financials

How startups should approach doing their financials

"Wait, I have to do financials for my business?!" That's what many entrepreneurs shriek as perspiration rolls down their foreheads when they're told three or five year pro-forma financials are needed for their business when applying to the Innovation Fund. That's closely followed by, "How am I supposed to do that? I'm an entrepreneur, not an accountant." In all honesty, when asked to write this blog I shrieked, "But I'm a numbers person. I don't write!" It took a bit to calm me down, but I realized I do know about financials and I have written before, so I could do this. Hopefully, your panic will subside or at least diminish and be replaced by some degree of confidence after reading this blog.

Continue reading
1143 Hits
0 Comments

Top Ways Startups Can Make their Money Last

If you’re running a startup I’ve got one important bit of advice: you will never have enough funding. You will (and should) always be looking for your next source of funds. Well, maybe never is a bit over the top, but never is a good benchmark during the first five years of any startup.

Continue reading
1212 Hits
0 Comments