Posts Tagged ‘Startup’
10 Businesses You Can Start for $1,000 or Less
Mighty oaks from little acorns grow. – Traditional English proverb. I’m willing to wager that many of you reading this have a regular routine of stopping by your favorite local barista each day to pick up a flavorful coffee drink. If that’s you, according to one estimate I saw recently, you’re spending some $800 a year…
Read More8 Steps in Securing a Bank Loan to Fund Your Startup
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 MoreContent is Still King in Building Your Business
Providing relevant, valuable content is one of the most effective ways to attract new clients and develop a loyal customer base. When you use content to brand your business, you have access to unlimited exposure via social media networks and online channels. Consistently adding to this bank of information over a period of time is…
Read More6 Hidden Business Startup Costs
Starting a business is exciting! You’re finally ready to bring your dreams to life, become your own boss, and strengthen your local business community. You’ve got everything figured out…at least, you’re pretty sure you do. But with a new business come lots of startup costs, and you want to be sure not to overlook them.…
Read MoreStart Your New Venture Without Quitting Your Day Job
Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough savings to live for a year or more without a salary, fund the startup, and still feed the family. Thus…
Read More5 Steps to Maximizing Your Startup Cash Flow Runway
Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs…
Read More7 Due Diligence Steps Will Validate Any New Venture
In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? After all, most great breakthroughs, like a computer in every…
Read More9 Best Practices for Viral Growth
Every startup company you’ll ever find will always be aiming to reach the same common goal: Growth. But not just any kind of growth, they want solid, constant, fast, and profitable growth. In other words, they are all after viral growth. There is a magic moment in a startup company’s trajectory in which growth rates…
Read More10 Good Reasons Not to Seek Investors for Your Startup
Sure, maybe you need the money. Maybe that’s what your business plan says. But seriously: Do you really want to have investors involved in your dream startup? I’ve said it before: bootstrapping is underrated. I get frequent emails from people asking how they can get investment for their new startup, and I’ve admitted to being a…
Read MoreStartup and Organization Costs
When starting a business, the owners are likely to incur two classes of costs that are not normally encountered in the ongoing operations of the business and should not be included as operating expenses. These are startup expenditures and organization costs. Each of these are specifically defined and receive special tax treatment. Startup expenditures are…
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