Joe Gebbia is a co-founder of Airbnb, which matches travelers with a variety of rooms for rent worldwide (think everything from a spare pullout sofa to a castle). The company has listings in 184 countries and has booked more than a million nights. TechCrunch recently reported that the company was in the process of closing a $100 million round of venture capital funding.

When you plan to sell your business and have found someone who is willing to buy you need to secure your interests before signing the letter of intent to sell your business. Many business owners have been burnt by the process because they gave away much of their leverage in negotiations. Typically, a letter of intent contains a “no shop” clause which prohibits the seller from continuing discussions with other potential buyers while the selected buyer does due diligence.

The first and among the toughest challenges that ambitious dreamers face are right at home from their loved ones. Some of them are backed by good intentions from people who want to protect these dreamers from the pain of failure and some have malicious roots arising from motives as ubiquitous as jealousy. But the truth is a lot of these advices are completely erroneous and based on a limited view of the big picture. Check out 10 of the most common such advices and why they are erroneous.

Small business owners are increasingly taking to the idea of running their businesses with virtual employees as it helps keep costs significantly low. But there are many individuals out there who don’t how to go about it or have already burned their fingers in the process. This article points out five basic rules that entrepreneurs should keep in mind when they make the shift to virtual office space.

Source: Forbes

Inspite of searching dedicatedly for a long time, millions of American are still out of work. Many are increasingly taking the route of becoming their own boss by taking to freelancing. Working from home might appear very attractive to many people but their significant cons as well and they are not limited to the uncertain flow of work.

Source: Fortune

Innovative business proposition as well as great marketing ideas, you’ve got both in this story of entrepreneurship. Andrew Draper and Ken Johnson hit upon the idea of selling underwear through subscription as men are notorious about hanging on to their underpants forever. It’s usually left to the women in their lives to keep replenishing them. Through this subscription men can get new undergarment delivered to them every three months.

Li Shufu could not get enough qualified workers for his startup auto manufacturing company because in China state-controlled enterprises have many advantages over private firms and are not considered very good employment options. Li Shufu’s solution - building a school to train workers who could drive his company Geely Automotive to becoming a global powerhouse. The result – Geely University is now China’s biggest private university.

Source: Forbes

Entrepreneurs are described with glorifying adjectives like visionary, risk-taker etc. But the reality seems to be different as various entrepreneurship researchers are finding out. Jake Nickell, CEO of Threadless is one such entrepreneur who started of modestly and is now a head turning success story. His story is of a person who did not have any vision to start with he simply made use of what he had going for him; he saw opportunities as they came and made the most.

Source: BNet

Daniel Isenberg who has studied entrepreneurs in countries ranging from Lebanon to Brazil to China explodes several myths associated with entrepreneurial success and exposes the realities. Some of his convincingly argued points talk about how entrepreneurship is not about innovation and entrepreneurs would be better off if their minds are not muddled by passionate attachment to their venture. 

Source: Forbes

Invisible speakers. Detergent-strength tap water. Landmine-sniffing rats. Instant whiteboards.

Last January, Forbes launched its BreakOut! video series to profile the entrepreneurs, inventors and thinkers behind the very kinds of disruptive technologies that could change the world--or at least make you think: "Now that's pretty cool!"

Source: Forbes Link Below