Small Business Management: What would you do?

In an article from the New York Times, a management issue facing a Queens County McDonald’s franchise is detailed.  Situated in Flushing, the McDonald’s on Parsons and Northern Boulevards has been frequented by a group of elderly Korean men and women spending long hours in the establishment.   Sarah Maslin Nir and Jiah Ham report: “The […]

Does An Entrepreneur Have a Right to Compete With a Former Employer?

Entrepreneurs who contemplate starting a business in their current field of expertise often ask about the extent to which they can use knowledge, skills, client lists, and actual written materials from their current and previous positions. The basic answer is that employees owe their employers a duty of loyalty while still employed. Once that employment […]

Spend Money on Marketing

By Alek Marfisi To preface this entire discussion, let’s absorb the following logical facts: Spending money on marketing increases sales. (The inverse) Not spending money on marketing results in fewer sales than if a business was to spend money on marketing. Here at the Field Center, we are in the business of reviewing business plans, […]

SIBL: A Powerful Library Resource for Entrepreneurs

By Jesse Karasin Are you are trying to start a new business or are already up and running? If so the Science, Industry, and Business Library (SIBL) in New York has something for you. The library holds weekly programs, annual startup events and has tons of resources to help you take your business venture to […]

NY City Council Visits the Field Center/Baruch SBDC

Baruch College Welcomes NY City Council to Learn About Its Entrepreneurship and Small Business Development Opportunities NEW YORK, NY-September 21, 2012 – Members from the New York City Council were invited to learn about opportunities in entrepreneurship and small business development offered at  The Lawrence N. Field Center for Entrepreneurship located at Baruch College.The roundtable […]

Create Effective, Efficient Financial Projections for Your Business

By Santiago Perez I often hear from entrepreneurs that creating financial projections when you are just starting a business is a waste of time, as projections are very often off the mark even when you have historical data to work from. The two things to remember are: Is a decision made on a projection that […]

No Time Like The Present -The NYC Startup Landscape

By Marc Kelly Carpe diem! Opportunity rarely knocks twice, and you would do best to answer when it does. The real question is ‘what are you waiting for?’ If you want to start a company or achieve something, you should start today. There is nothing holding you back but yourself. You don’t have to travel to […]

In Defense of Debt

By Alek Marfisi Far too often, I am sitting in our meeting room with clients discussing their businesses and reach the critical point: how much money do you need and where are you going to get it?  Very often, small business founders overlook debt in favor of equity, but this is not always the best […]