Posts Tagged ‘Startups’
How to Make Your First Year of Business Ownership Profitable
After working with your local FranNet consultant, you found the perfect business for your personal goals at last. Yet, while you have come a long way, there are still many obstacles to overcome ahead. It’s time to prepare for getting over the biggest hurdle of your new chapter: the first year. Hot Off The Press:…
Read More10 Strategies to Minimize the Perils of a Startup
There is an old saying that good lawyers run away from risk, while good businessmen run towards risk. Entrepreneurs see “no risk” as meaning “no reward.” In reality, all risks are not the same. Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks…
Read More5 Top Tips to Help Grow Your Startup
Starting a business from scratch is a notoriously difficult and demanding challenge. There is no single secret to success in this competitive context but there are ways to help tilt the odds in your favor. 1. Don’t expect instant success Being ambitious is almost a prerequisite for anyone taking up the challenge of setting up…
Read MoreWhy Startups Fail, and How You Can Avoid the Same Fate
Founding a startup can be risky, and even some of the most successful entrepreneurs have a few failures under their belt. Let’s learn from their mistakes. The figure that’s often bandied about the web is that nine out of ten startups fail. Although there’s some contention on the accuracy of that statistic (some have placed…
Read MoreTop Startup Tips for Entrepreneurial Immigrants
It comes as no surprise to many in the U.S. that growth in the small business market is enhanced by the entrepreneurial drive possessed by many immigrants. In particular, during 2014 immigrants and Latinos provided a significant boost with regard to startup activity. In 2013, immigrant entrepreneurs launched new businesses making up 25.9 percent of…
Read More4 Pitfalls Successful Startups Must Avoid
Starting up a company is inevitably going to be a stern challenge and a steep learning curve, whatever your goals are or what your role in the process happens to be. As well as a workable concept and a reliable strategy, startups usually need a fair helping of good luck along their way to success.…
Read MoreNo Blunders! Avoid These 5 Startup Mistakes
Why do startups fail? Is there a recipe for success for your new and exciting business venture? Unfortunately the answer is no. There is no way to guarantee success in your new business. While there may be recipes (or templates) you can use to help you on the path to success, it’s also useful to know…
Read More6 Startup Strategies That Turn Off Most Investors
Don’t bash the competition. Every investor knows how vulnerable a new startup is to competitors, so investors always ask about your sustainable competitive advantage in the marketplace. How an entrepreneur answers this question speaks volumes about their knowledge of business realities, customers, confidence, and their ability to handle investor funding. There is no perfect answer to the…
Read MoreWhen is it OK to Fund Your Startup with Credit Cards?
We are fortunate to be living in a time when new financing options for funding your small business are popping up every day. However, they all come with limitations. Here is a super quick rundown of some: Banks. Hesitant to loan money to unknown founders. Crowdfunding. With some the money you raise will be taxed…
Read MoreA Checklist to Find the Startup Partner of Your Dreams
As an advisor to startups, I often get asked what to look for in an ideal co-founder or business partner. My first response is that it’s much like finding that ideal spouse, where chemistry, common interests and complementary communication skills are key. After some reflection, I now realize these attributes are necessary but not sufficient…
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