Wednesday, August 20, 2008

YoungEntrepreneur Blog

YoungEntrepreneur is a great website run by young entrepreneurs, for young entrepreneurs. The website was founded by brothers Matthew and Adam Torren, and there is a blog managed by Evan Carmichael. They have an active forum for entrepreneurs to share advice, discuss business, and network.

Their blog contains tons of information for young entrepreneurs. One of my favorite categories is Entrepreneurship University in which experts share advice and provide lessons. I also like the young entrepreneur profiles that showcase rising business leaders. The blog shares many links to entertaining and interesting websites and articles. This blog is a must-read for any young or young at heart entrepreneur.

Recently, there was a guest post on the blog by Mike Michalowicz, the author of The Toilet Paper Entrepreneur. Mike shared his thoughts on dedication while launching a business. He claims that your chance of success in business is greater without having a formal business plan. While there are many entrepreneurs that have been able to succeed without writing a formal business plan, business planning is an important step on the road to success.

Sharon Dauk explains why a business plan is important in the following clip from eClips:

Although Sharon initially never wrote a plan, she realized the importance of planning. Matt Dacey is another entrepreneur with an opinion on business plans. His views on planning can be seen in the following clip:

Every entrepreneur has a different opinion on business planning, and there are many more clips on eClips about this topic. YoungEntrepreneur is another great resource for young entrepreneurs to learn about business planning. Visit their forums or blog to find information and contacts on this topic.

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