Each week, OPEN Forum's editors round up the most compelling entrepreneurial news and advice from our contributors and others. Here are this week’s highlights:
Make Money by Giving Your Product Away
When Kirk Cameron (no, not the guy from “Growing Pains”) released Granola, his energy-saving software, on Earth Day 2010, he wasn’t expecting 100,000 downloads in the first 100 days. Read how he did it, and how he uses his giveaway to entice customers to pay for more.
Make Money on What Others Give Away
Former eBay employee Israel Ganot saw an opportunity to cash in on used electronics. With Gazelle.com, he’s helped create a thriving market—estimated to be worth $50 billion—known as recommerce.
How 3 Simple Changes Saved My Business $44,000
The headline pretty much says it all. Mike Periu describes three low-effort changes he made to his business that had a huge impact on the bottom line.
It’s the new “do-it-yourself” approach to finding investments. The website ProFounder helps business owners tap their networks to solicit and raise funding.
Looking for Bigger Investments? Tips for Term Sheets
Which terms should rank higher or lower on the priority list for negotiations? Guy Kawasaki shares advice from LawPivot co-founders Jay Mandal and Nitin Gupta, as well as Yusuf Safdari, an attorney who provides advice to companies on LawPivot.
Once you have the money, you’ll need a system to ensure that you have enough cash on hand to cover your bills. Check out these five tips for managing your cash flow.