Many good sounding business model concepts flop in market tests. Make these tests easy-to-do, and lots of innovation mistakes will be avoided.

There are so many people who dream about working from home and being their own boss these days. Just roll out of bed and drink their coffee while pondering through e-mails.

To profit the most go beyond reducing your costs through technology . . . to lowering costs from suppliers through to customers' customers.

More than half of women could be placing themselves under unnecessary monetary pressures, new research shows.

Everyone knows that automation can save time and effort. But if you automate something that doesn't need to be done, you've just increased costs. That doesn't make sense.

Don't pay anything if you don't have to.

Any person planning to operate their own home business may be in for a shock when they find out the amount of time they will spend at work. One of the common misconceptions is that by being in business for themselves and working at home they will have all the free time they ever wanted.

Let your people see what improvements they can come up with before you outsource. They will often see better choices.

It's easy to get overwhelmed when you have a big project looming in front of you, but the best way to get it done quickly without overwhelm is to break it down into a bunch of smaller tasks.

According to US Small Business Administration, more than 50% of small businesses fail in first year of business while 95% fail within the first 5 years.