My father (still an active octogenarian entrepreneur) taught me years ago that every entrepreneur needs a three legged stool of support - an attorney who knows business law, a CPA, and a banker.  With all due respect to my father, I believe there is a fourth leg to that stool that is equally ... Read more

...especially if you have no business experience. Many franchises are turnkey operations, so you can literally walk through the door and start running your own business. And well-known franchises offer the unbeatable advantage of providing "built-in" customers; the company and products are ... Read more

A look at the Congressional Budget Office figures for 2009 and 2010 is enough to drive most strong men to despair. Right at the start the CBO says that the federal government will run a $1.2 trillion deficit in the next fiscal year, That does not include the cost of the new administration's stimulu ... Read more

Happy New Year!  If market history is any guide 2009 should begin on a good note.  We analyzed the DJIA going back to 1900 and looked for years where the index was down 20% or more.  Surprisingly there were only 11 instances including 2008; and only one that occurred after World ... Read more

From the WSJ: Developers Ask U.S. for Bailout as Massive Debt Looms With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance. They're warning policymakers that thousand ... Read more

Tim Geithner and Larry Summers were the top two candidates for Treasury Secretary in the Obama administration, and today at noon ET we will officially hear that both are joining Obama's economic team. Geithner will head up the Treasury Department and Summers will be director of the National Economic ... Read more