Posts Tagged ‘Mistakes’
Is Your Startup Gearing Up for Success or Failure?
You’d be surprised how many new business owners make simple mistakes when they’re trying to get their startup off the ground. Launching your own venture can be a stressful time—and while many still fail, you still need to make sure you’ve got the basics sorted to give you the best chance of success. A great…
Read MoreHow to Avoid the Social Media Storm
Previously, we dug into the details of two very different but very visible social media storms and how the brands (Crock-Pot and Old Navy) dealt with the unexpected spotlight. Don’t think for a minute that your local business is immune to the same sort of trouble. The good and the bad of social media is…
Read MoreHow to Avoid the Social Media Storm
Previously, we dug into the details of two very different but very visible social media storms and how the brands (Crock-Pot and Old Navy) dealt with the unexpected spotlight. Don’t think for a minute that your local business is immune to the same sort of trouble. The good and the bad of social media is…
Read MoreNon-Competes, Gray Areas, and Salvaging a Failed Purchase
Last week we introduced the subject of non-compete agreements. Let’s dive a little deeper and present some “gray area” scenarios to consider. Then we’ll address the success or failure of the buyer with your product… First the obvious case in point What if you are the seller of a previous business or shares amounting to…
Read MoreNon-Competes, Gray Areas, and Salvaging a Failed Purchase
Last week we introduced the subject of non-compete agreements. Let’s dive a little deeper and present some “gray area” scenarios to consider. Then we’ll address the success or failure of the buyer with your product… First the obvious case in point What if you are the seller of a previous business or shares amounting to…
Read MoreNon-Competes, Gray Areas, and Salvaging a Failed Purchase
Last week we introduced the subject of non-compete agreements. Let’s dive a little deeper and present some “gray area” scenarios to consider. Then we’ll address the success or failure of the buyer with your product… First the obvious case in point What if you are the seller of a previous business or shares amounting to…
Read MoreWhat Would You Do If Told to “Fail Fast”?
Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. “Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard? So here are some rules that might…
Read MoreReasons Not to Make Decisions Today on Gut Instincts
I still know some entrepreneurs who boast of simply following their gut instincts, rather than listen to anyone or any data, to make strategic decisions. We’ve all worked with autocratic leaders in large companies who seem to thrive in this mode. They all forget or ignore the high-profile failures that have resulted from some single-handed…
Read More4 Effortless Ways to Assess & Address Your Company’s High Turnover Rate
Undergoing a constant hiring cycle is exhausting for everyone in a company—from management, to HR, to even fellow employees. Not only does a high turnover rate often signify instability, but it begins to take its toll on employee morale and company culture. Addressing your company’s high turnover rate is important, as turnover can cost companies…
Read MoreMissed Expectations and the 80% Acquisition Rule
Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year. As with the fifty percent rule discussed last week (fifty percent of startups fail within two years), this rule is hard to find an author willing to be quoted…
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