Posts Tagged ‘Startup’
10 Startup Strategies to Minimize Cash Flow Disasters
The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and…
Read MoreAvoiding Cash Flow Problems
Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs. Here are a few ways, as noted in Beyond the Numbers, that poor cash flow can affect your business. Tips on…
Read More3 Things Entrepreneurs Forget When Launching Their Startups
They say that 96% of all businesses fail during their first 10 years, and this incredible statistic highlights the universal challenging facing commercial ventures in the digital age. Attempting to mitigate these risks and challenges can be exceptionally difficult for entrepreneurs, who must manage a number of individual elements if they’re to launch a successful…
Read MoreWhy Personal Credit Matters When Funding Your Business
Once you register your business as an LLC or a corporation, it begins building its own credit score. This doesn’t render your personal credit score irrelevant, though, because it takes some serious time and revenue for your company to stand entirely on its own. If you have a poor credit score, that can cause problems…
Read More10 Top Revenue Models Drive Viable Businesses Today
I was mentoring some graduate students at a local university recently, and I sensed again that profit seems to be a dirty word these days to many aspiring entrepreneurs. I’m certainly not a fan of customer rip-offs, but even non-profits have to be cash-flow positive, or have deep pockets, to help anyone for long. Every…
Read MoreTruss Launches in Washington, DC, to Help Startups and Small & Medium Sized Businesses Find Office Space
January 30, Chicago IL — Today Truss announced that its AI-based platform for finding and leasing office space is now available to startups and small & medium sized businesses (SMBs) located in Washington, D.C. Truss’ end-to-end platform significantly simplifies, speeds-up and tailors the office-search process for tenants looking for spaces under 10,000 square feet. Landlords utilizing the new platform…
Read MoreHow to Use a Checklist to Build an Innovative Startup
A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The challenge is that every new business needs to be innovative and different, in order to rise above the crowd, bring…
Read More10 Strategies for Managing the Stress of a Startup
One of the most common complaints I hear from entrepreneurs is that they are overwhelmed by the workload and stress of starting their company. Then there are the additional challenges of balancing the demands of family and friends. Having too much on your plate can turn your dream into a nightmare. Some people will tell…
Read MoreStartup Checklist: What Should I Ask My Accountant?
It’s only numbers, right? How hard could it be? Think again. Your choice of an accountant can have a lasting impact on your business, often making the difference between success and failure. If you’re an entrepreneur just launching your first small business, you’ll likely need start-up accounting services, as well as ongoing accounting support to…
Read MoreWhen Making Early Hires at Your Startup, Lean on Your Networks
Hiring your first few employees can often be as hard as choosing your co-founders. Especially in the early days of your startup, when you’re often only months from running out of money, hiring the wrong person can be disastrous. Yet it’s hard to accurately vet potential candidates. Cold job interviews can be an unreliable litmus test for…
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