Category: Entrepreneurship

entrepreneurs in government

Entrepreneur In Residence Programs – Could Colorado’s Government Be Next?

Look – just because government hasn’t done an awesome job on some things doesn’t mean I believe we should move to privatize everything. But I absolutely believe that employing some lessons from entrepreneurship and the input and implementation strategies of real entrepreneurs could be of tremendous value – and not just for government, but for grocery stores, and banks, and airlines and any other company that has gotten a little too big for its britches.  That is why I was super excited to hear about some legislative efforts to include entrepreneurs at the local and federal levels of government. Continue reading “Entrepreneur In Residence Programs – Could Colorado’s Government Be Next?”

female entrepreneurship college programs

Research Highlights Top 3 Universities Producing Female Entrepreneurs

Though the number of men and women in the United States is pretty even (actually, from the last U.S. Census, women hold a 7 million person advantage), men start many more new businesses than women every year. In fact men own 70% of all businesses in the United States. But even though there are more male entrepreneurs than female, three universities are working hard to close that undeniable gender gap. Continue reading “Research Highlights Top 3 Universities Producing Female Entrepreneurs”

Just Launching the KaBabyBoom Community!

Ever since I wrote my Master’s Thesis on U.S. Baby Boomer expats leaving the states in search of something better (i.e. better economics or better community), I’ve had in the back of my mind the idea that I had a role to play in inspiring baby boomer entrepreneurship. So today I’ve started to launch a few social media marketing programs with the hope of building a like minded community of entrepreneurial baby boomers. If that sounds up your alley, click on over to and join our growing group. Our mission is to empower Baby Boomers with the knowledge they need to successfully launch their entrepreneurial pursuits.

Travis Luther Hosting Google Learning & Networking Event

An outstanding learning and networking event for new entrepreneurs! MSUD CFI Professor of Entrepreneurship Travis Luther is hosting an online learning event with Google at his company’s ( Greenwood Village, CO office in the Denver Tech Center. If you believe the internet might be a way you will find and connect with customers, this FREE event should be of significant interest to you. More Details are available here: You may also call Law Father’s office at (800) 325-7715. Free lunch is included! I hope you can participate in this valuable online marketing and networking event.

entrepreneurs in government

Great Personal Finance Apps for Entrepreneurs

The feasibility of your business idea will be greatly increased when you have a solid plan for funding it. Funding can come in the form of real cash, credit, or sweat equity. We will talk more about funding your business (and doing so with cash, credit, loans, investments, or sweat equity) later in the text, but for now we will stay focused on your very first round of funding and the very first data set required for your brand new feasibility study: your own personal finances.

Continue reading “Great Personal Finance Apps for Entrepreneurs”

If You Can Be Duplicated You Can Be Replaced

Price wars as an indicator of lagging innovation.

Focusing on price can be a good indicator that your company is losing its value as an industry innovator. Innovators generally win new clients because they have found a way to do something that no other company can do – not because they focus on finding a cheaper way to do something other companies already do (though there are certainly exceptions). If you find yourself getting more calls from clients or prospects who want to talk price over offering, it probably means that you are being duplicated. Once you have been duplicated you can be replaced. This is because there is no way to be the “best” company of a handful of companies that all do the exact same thing. You will find that where you were once indispensable, you are now interchangeable. Interchangeability slows your business’s ability to grow as you compete with many more companies for the same pool of customers. And as your own customer base drops in and out of using your product or service, you are suddenly exposed to serious volatility in your cash flow. At this point your business has serious problems.

Problems are painful. We want problems to go away as soon as possible. None of us want to feel pain for too long. But what we must be careful to recognize is that often times pain motivates us to do outrageous things. Like, rather than working towards the right solution to a problem, we work towards the fastest solution to a problem. We work to end the pain as quickly as possible.

When an entrepreneur realizes that he or she is now competing with an explosion of companies that offer the exact same product or service, the fastest and most painless route to restoring competitive advantage is to lower the product price and compete on cost. This is an attractive move because it does not require any additional brainstorming, trial and error, or start-up cost. But for a true innovator, this move is outrageous.

When a company valued for innovation begins to compete on price, it sends its customers a dangerous metamessage (a metamessage is an inner or secondary message that could be inferred or implied from your primary message). This metamessage is that the company’s creative resources have just been refocused on monitoring costs and competition rather than pushing innovation. If it is important to you that your company continue to be recognized as a leader in innovation, do not rush into offering discounts or cutting prices. Do what made you successful in the first place – innovate!

Real innovation may not materialize in a moment’s notice. That is why experienced companies make innovation an ongoing part of their operations. But smaller companies and new entrepreneurs may not have this luxury. Most of their financial resources are directed towards getting their first products or services to market with little or no thought into what might be needed down the road. If you have found yourself having some success, but now the copycats are knocking at your customers’ doors, don’t panic. Just remember, innovators cannot make their primary value proposition cheaper prices…ever. Use the following three recommendations to triage the duplication trap as you put your innovation team in motion.

Three Quick Things to Do When You’re Business is Being Duplicated:

1.) Avoid creating the perception that you’re the duplicator. Do not initiate comparisons of your company to your competitors. Never send out a message to clients that says, “I am sure that some of you are aware that Acme now offers XL Widgets for $0.99. Our own $0.99 XL Widget is on the way…” Focus all of your messaging on the fact that you have a company that stands alone and that you create products and offer services because they are necessary and solve a real problem – not because your competitors offer them.

2.) Refuse to compete on price. Compete on results. Results matter. Use testimonials to build the value of your product or service. Create outreach that reminds your current customers that you have delivered what you have promised and that their relationship with your company has been valuable.

3.) If you’re being duplicated, get out of your competitors’ league. Quickly find a way to add 10% more value to your product or service. Then tell your current customers how you have added 2-3 new features that solidify your company’s position as an industry innovator – and don’t be afraid ask them to pay for it!

entrepreneurship books

Dramatically Improve Your Odds of Entrepreneurial Success | Start a Business You Know Something About

Last week I attended an entrepreneurship panel in downtown Denver with a focus on how to identify companies that had the best chance of success. Last night I read an article from a nationally known venture capitalist discussing the top five ways to attract venture funding. There was one prominent, important, and identical statement which overlapped both pieces of advice: Have an intimate familiarity with the industry that has the problem you wish to solve. Continue reading “Dramatically Improve Your Odds of Entrepreneurial Success | Start a Business You Know Something About”

To Survive SEOs Need to be Brave – Not Busy

Five tips on being brave, engaging your clients’ customers, and driving a long-term and sustainable digital marketing strategy.

In Good To Great, Jim Collins points out that the advent of the automobile brought on a quick but unnecessary death for carriage companies. If carriage companies had recognized they were actually in the transportation business, rather than the carriage business, they could have adjusted and survived. Similarly, search engine optimization (SEO) will continue to be successful if the companies that provide these services understand their true business: engaging real people who require the products and services of their SEO clients. This is a powerful paradigm shift in SEO, where high keyword rankings have historically been the only indicator of success. But it’s a shift absolutely necessary if SEOs want to remain a part of a company’s marketing strategy.

Over the last decade SEO has gone from a basement business to a successful profession. This is because search engine optimization proved itself a very economical way to accomplish a company’s growth goals. But over the last few years the digital landscape has evolved. So have the challenges and opportunities for reaching people online.

Today, the way information is delivered to people using search engines is dramatically different than just three years ago. There is no longer a universal search return. Rather, search engines display individualized information to people based on their geography, perceived interests, previous search history, and personal relationships – even recommending search results based on what was of interest to their friends.

Because the search engines now draw from so many sources, the technology and platforms that search engine optimizers must become familiar with have also increased dramatically. Where once a SEO’s sole focus was on a client’s website, today he or she must address social networks, social bookmarking, geo specific local search, online video distribution, mobile applications, press releases, web trends, guest blogs, infographics, content development, newsletter distribution, syndication, business citation, and much more. This accelerated volume of opportunities and specialization was reflected in the MozCon 2013 SEO speaker program, which covered nearly 20 individual areas of emphasis!

To keep up and make sure their clients continue to rank well in the search returns, an SEO’s current strategy largely relies on creating and distributing a lot of flimsy content (blogs, videos, press releases, etc.) throughout all of these new channels. This is done in the hope that search engines will continue to perceive a lot of activity related to their websites and continue to rank them higher than their competitors who do little or nothing online. These tactics have successfully worked in the short-term, but the data show that keyword rankings are increasingly volatile, with flip flopping first and second page placements becoming the norm. This ranking instability is further evidence that traditional SEO tactics do not translate into a sustainable growth strategy.

To create a sustainable client generation strategy, SEOs must shift to a model of long-term and meaningful community engagement. It is no longer good enough to create the perception of online activity, rather SEOs need to engage their clients’ professional communities, local communities, and the press – both online and in the physical world. It is especially important that search engine optimizers create digital activity that is authentic so that their data and feedback are real.

Below are five tips for initiating a sustainable client engagement program.

1.) Be Brave

Be brave enough to do what is in your clients’ best interests. Be brave enough to buck the status quo. Be brave enough to do something your competitors are not.

2.) Be Brave Enough to Write Content with a Niche Audience in Mind

Don’t try to reach everyone in the world every time you post. Look for an audience who shares a specific interest or topic and add something to an existing conversation – rather than trying to create your own. This will increase the chance your content will be shared because you will have addressed a very specific and existing problem or interest.

3.) Be Brave Enough to Tell Real People About Your Business

Don’t just post. Reach out to people who share your interests. Tell them about your content and why you believe it is important. If you are writing for a specific topic, take a quick Twitter hash tag survey and see if you can find five people to message who also have your topic on their minds.

4.) Be Brave Enough to Ask for Advice

A lot of people believe asking for advice makes them look weak. This is just not true. In fact, asking for advice puts the attention on the responder, who then leaves a conversation feeling more valuable. There is nothing in this world more powerful than making one another feel valuable. So if you are brainstorming a topic for a piece of content, reach out to people who know something about it and publicly ask for their advice.

5.) Be Brave and Look at your Competitors as Potential Clients

Sometimes the people who would be most interested in our insight are the people we consider our competitors. Engaging with them can feel uncomfortable. And sharing with them or letting them in on our “secrets” may seem like bad business practices. But the truth is that if you’re publicly broadcasting, and your competitors want the information bad enough, they will find it. So turn that into a strength. Embrace your position as an industry authority on your topics. Build trust with your competitors and colleagues with real and meaningful content and remind them too, that you are available should they ever need you. I think you will find (as I have) that a majority of your competitors are more like you than you imagine. They too want to provide the absolute best service they can. Make sure you let them know you are happy to be part of that effort.

Contrary to popular belief and a blizzard of like titled blogs and articles, SEO is not dead. But the profession’s continued survival will require its membership to be brave, to engage actual people in real conversations, and to replace rankings tactics with sustainable online growth strategies.

Travis Luther is the President of Denver, CO based Luther Media, LLC. Luther Media, LLC is a niche marketing agency and the parent company of Law Father  –, and ValetAds Valet Ticket Advertising – Luther is also an Adjunct Professor of Entrepreneurship at Metropolitan State University of Denver.


travis luther denver mozcon 2013

MozCon 2013 Welcomes Young and…Old? | A Demographic Shift for the Best

This week I am attending the MozCon SEO (Search Engine Optimization) conference in Seattle. One overwhelming change to this year’s gathering is a noticeable and sweeping demographic shift in the age of the average attendee. Where there once was almost nothing but 20 somethings complimenting each other on their cool new iPhone cases and Chuck Taylor’s, today there are 30, 40, and 50 somethings slamming shots of vitamin B 12, reminiscing about workouts wearing a Sony Discman, and joking about the possibility of a popular movement to bring back Geocities.

The aging of attendees was most obvious to me on the morning I saw an older man, probably 45 to 50-years-old shepherding a group of four 20 somethings into the presentation hall. Leading the pack, he reviewed the day’s schedule of speakers and reminded each of his staff what topics they would be personally responsible for paying especially close attention to. I was struck by the fact that people at MozCon were actually being managed, that the managers were also here, and that the managers were the ones trying to impress upon these young people the importance and privilege of participating in MozCon!

Over the last four or five years I have faithfully attended MozCon myself. In this time I have sat, eaten, and spoken with hundreds of fellow MozCon attendees. What I have gathered is that from a large company’s perspective, MozCon has historically been a consolation conference awarded to a company’s young and ambitious “web folks” who really had no other conference to attend. For others, MozCon was a place for marketing managers to send their young pups, to keep them up-to-date on what had largely been “peripheral” marketing concerns. But we faithful attendees know the truth: MozCon is an opportunity for data driven and innovated online marketers to surround themselves with others who share a passion for dominating the search returns and for driving quality traffic to the websites they own or manage.

So what does this shift in demographics mean (other than the possibility of an AARP discount offered on upcoming conference tickets)? I believe there are two possibilities; 1.) Either the older people attending are actually the weathered and former younger MozCon attendees of years gone by (which would include myself) or, 2.) Companies have realized that SEO and inbound marketing are so important that the ‘kids’ can no longer be trusted to manage it. I believe the latter is true. The ‘old’ people I have talked to this week (who are easy for me to engage because I am one of them) are not simply corporate ‘tools’. They are smart, educated, creative, analytical, excited, and motivated. In short, they are a company’s best people. They are here because more companies are finally recognizing that SEO and inbound marketing are essential to a company’s stability, and more importantly its growth. And with this recognition comes an important shift. Inbound marketing teams are no longer being lead by the young people who are most vocal about wanting to lead them. They are now being led by talented people who have a history of successfully implementing important business strategies. Age is no longer a default limiter on the pool of available talent who are energized about an opportunity to work on these new marketing challenges.

I, for one, am very excited by this injection of new blood into our profession. With age generally comes experience. Experience is the foundation of wisdom. Embracing a wide swath of experience and wisdom, and encouraging sharing will only connect the dots between each of our individual challenges to solve our common problems. And that is why I am already so excited about MozCon 2014. I just can’t wait for this next opportunity to surround myself with the absolute best people, young or old, within our industry.

Travis Luther is the President of Denver, CO based Luther Media, LLC. Luther Media, LLC is a niche marketing agency and the parent company of Law Father  –, and ValetAds Valet Ticket Advertising – Luther is also an Adjunct Professor of Entrepreneurship at Metropolitan State University of Denver.