Everyone wants a formula, funnel, or three-point outline for how to start, manage, and grow a successful business. And while there’s nothing wrong with a framework, the truth is that there’s nothing simple about building a successful online startup. If it were easy, everyone would be managing their own seven-figure hustle from a beachfront villa. […]
Startup
The Biggest Business Mistakes New Business Owners Make
New business owners are naturally excited about getting up and running. If you’re a new business owner, then kudos to you. You’re doing the hard work necessary to put yourself and your family on better financial footing. But along with the enthusiasm for your new business comes the possibility that you will make mistakes. Minimizing […]
How to Manage a Successful Remote Startup
The past few years have seen a slew of startups that are completely remote. Zapier, an online service that allows businesses to quickly integrate their apps with multiple APIs is fully remote and so are other popular names like Close.io, Automattic (the makers of WordPress) and TopTal. Launching a fully remote business is attractive for […]
Can You Overcome 5 Risks and Create Wealth?
Of course, we are speaking of increased valuation of your company when we speak of “wealth.” Especially if you are in the early stage of growing a business, these five risks can and often do derail entrepreneurs before realizing the riches of a great exit. So, let’s examine them and mitigate them. Make you wealthy someday. […]
Oh, Go Ahead and Ask for a $5 Million Investment in Your Startup
I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. Four reasons you should reconsider. First, few startups can use that much money today with all the virtual services available and increasingly inexpensive methods of development, prototyping and marketing. Second, almost […]
Don’t Despair While Building a Sustainable Business
Entrepreneurs seem more quickly frustrated these days when their “million-dollar idea” doesn’t turn into a sustainable business overnight. They don’t realize that it takes many skills to build a business under the best of circumstances, and today’s world of instant gratification doesn’t leave room for the patience and practice to develop these skills. Successful sports […]
6 Startup Success Tips from HoloBuilder, Construction’s “It” App
The dream of all developers is that their product, after months or years of work, sees the light of day and becomes an indispensable tool. Few developers experience that, but even fewer achieve the success of the innovative program HoloBuilder. Just a few years ago, computer-science lecturer Mostafa Akbari, together with cofounder Simon Heinen, launched the […]
Alternative Funding: What Can My Business Get?
Running and maintaining a successful business is hard work. It is exciting starting and working on a new venture, however, keeping things ticking over requires constant effort and even more importantly, continuous financial backing. Cash is king and having a healthy flow of cash throughout a business is essential. Even with the best business models, […]
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 […]
8 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 […]
