Posts Tagged ‘Startup’
8 Keys to Convincing a Bank to Fund Your New Venture
A common question I get is “How do I get a bank loan to fund my startup?” The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back…
Read More8 Steps to Assembling the Most Talented Startup Team
With the pace of change ever escalating, entrepreneurs today can’t afford to acquire talent through traditional hiring alone, and need to revise the perception that “talent” is only full-time employees. At the same time, more people in the workplace don’t want to be “employees.” According to an Intuit study, that number is quickly rising and will…
Read MoreBusiness Location Strategies for Startups and New SMEs
In How to Choose a Location for Your Small Business, I discussed picking a location based on customer and other factors, without considering the importance of search engine visibility. However, having a location strategy is as important as choosing a good location for customers and staff. In a business environment where search engine visibility is…
Read More8 Ways to Instill a Sense of Purpose in Your Startup
Starting a new venture and thriving in today’s economy is hard, but the best have figured out that customers and employees need to feel that you have a sense of purpose, to complement the company’s pursuit of profit. A higher purpose motivates people in a way that financial wins alone never will. For a company…
Read MoreStartup Dilemma: E-Commerce vs. M-Commerce
Ever since the Netscape graphical web browser transformed the way we access the internet, retail entrepreneurs and developers have been redefining the way we purchase goods. We have come a long way since Amazon started out as an online bookstore and eBay was an internet platform for auctioning off garage sales items; in 2018, e-commerce…
Read More4 Building Blocks to a Successful Restaurant Startup
The restaurant business is fiercely competitive and without the proper course of action, your new restaurant could easily become just be another statistic. Some people have a rather naive idea of the restaurant business and still have a “build it and they’ll come” mentality. But times have changed and restaurants that succeed these days have…
Read MoreStarting from Scratch: 8 Steps to Getting Your Business Off the Ground
Starting a new business from scratch can be thrilling and rewarding. It may even be the culmination of a life-long dream. But it can also be a major challenge. Suddenly, you have to know more and do more than you ever thought possible. To make the process just a little easier, here are 8 steps…
Read More8 Keys to Successfully Bootstrapping Your New Venture
If you really want to start a business your way without a boss or professional investor hovering over you, then just fund it yourself or through friends and family, and grow it organically. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. According to Investopedia,…
Read MoreThe 3 Phases of a Tech Startup
Most tech startups go through three phases: 3Fs, Seed and VC/Scale. Understanding these stages, and the objectives for each, is an important factor in strategy development and decision making. Not understanding the stage you’re currently in is one of the most common reason tech startups fail to move forward, or worse, fail. The Three Phases:…
Read MorePervasive Startup Myth: Don’t Work for Free
Startup myth: The one about founders having to work for free to impress angel investors. This supposedly shows passion. Don’t believe it. Investors want people committed to working their startups, and that usually takes getting them paid. I’ve been getting a lot of upvotes on my answer to this question in Quora: How do entrepreneurs…
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