How to Find the Perfect Co-Founder

One of the most critical elements of each startup are its initial founders. It might sound surreal, but team composition matters as much or even more than the product idea. One of the rules angel investors have is: “Invest on the team, not the idea”. Finding the perfect co-founders to begin your entrepreneurial journey is one of the most challenging tasks you will stumble upon.

Steve Jobs and Steve Wozniak

You might be tempted to become a solo founder, but try to think about 3 founders who succeeded on their own… Hard, isn’t it? Maybe there is a reason for that. In a study conducted by MIT university, data showed that larger teams tend to do better than solo founders.…

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6 Tips for Starting a Home Healthcare Business

Whether you’re a doctor looking to start your own practice or a healthcare administrator seeking to establish a home healthcare regimen, you need to understand that starting your own business won’t be easy. There are several factors that go into the process, including building up a clientele. Before jumping into the business, here are six things you’ll want to do.

Home healthcare visit

1. Have Your Finances Ready

Recognize that starting business will require a significant financial investment. You’ll need funds to register your business, purchase office space, market your brand, build clientele, buy equipment, travel, and more. Whether this comes from personal savings or from a group of investors, make sure you have adequate cash flow.…

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5 Cities to Consider Launching a Small Business In

When it comes to entrepreneurship and business, flexibility is the key to success. Unfortunately, many entrepreneurs fail to broaden their horizons by limiting themselves to a specific geographic location. If you can help it, avoid grounding yourself in one city. There are plenty of great cities for launching a small business in the U.S., but yours may not be one of them.

Boston

Take a Look at These Five Cities

Location, location, location – how many times have you heard people discuss the role location plays in the valuation of real estate? Well, location also has a lot to do with business.…

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Helping Your 3D Printing Business Succeed: 4 Tips

Building any kind of startup can be challenging, and starting your own 3D printing business isn’t any less so. But knowing what challenges to anticipate, having a roadmap of common pitfalls, and notes on proven strategies, can all help steer you through that crucial first year.

Apple 3D printer

photo credit: Martin Hajek

The recipe for success will be different for every entrepreneur, but with luck, these proven tips and tricks can help your business succeed, whether you’re focusing on PCB design and manufacturing or fabricating jewelry and home decor.

Embrace Innovation

One of the beautiful elements of the 3D printing industry is its ability to be flexible and embrace new ideas.…

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Superior Entrepreneurial Skills that will bring Success to your Business

There are said to be seven business skills that every business man or an entrepreneur adopts to build his empire. These seven skills are more or likely said to be the cornerstones for all the business and entrepreneur success.

Successful female entrepreneur

The seven skill sets are:

Sales

Sales is the deportment that generates revenue in any organization. No matter how good your manufacturing operations are, or how cutting-edge your technology is, or how stern your financial goals are, or how progressive your management techniques are, you still must have a powerful and efficient sales mechanism in place, or everything else will be useless.…

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B2B or B2C – Which Should My Startup Choose?

Opening up a new startup company comes with many decisions. Where are you going to work? Who is going to be working with you? How are you going to sell your product or service? It is this last question that is the focus of this article.

B2B vs. B2C for startup

When it comes to selling your product or service, you typically have two primary options — you can sell it directly to a customer, or you can sell it in bulk to another company and let them sell it to their customers. It is a major decision for your new company to make, and as such it is not one that should be taken lightly.…

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Debunking 6 Myths About Entrepreneurship

Whether it’s big offices and lots of free time shown in movies and TV shows or the classified ads that shout to you to be your own boss, the allure of creating your own product and building your own business is something you see daily. In reality, entrepreneurship is just like any other job. There are advantages and disadvantages to being your own boss, and having knowledge about the myths that surround entrepreneurs can help you decide if it’s the right path for you to take.

Overwhelmed entrepreneur

Myth 1: You Have to Have Money to Make Money

Everybody knows that Donald Trump started his businesses when his father gave him a small loan of a million dollars.…

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7 Essential Elements of a Successful Company

It’s not easy building a business, but it is one of the most rewarding things you can do. You need more than a good idea, more than a good product or service, and more than a receptive marketplace. You also need to figure out the essential elements necessary to build a sustainable business.

Building a successful business

You have to choose the right business model, understand your buyers, and develop efficient processes. You also have to use the best resources and source the right business partners. Finally, you have to be a student of your craft, and never stop researching and developing your business. Without consistent innovation, you will miss many opportunities to grow your company.…

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Why Investors Don’t Love Your Hardware Startup and What You Can do About It

Hardware-focused entrepreneurs know that starting and scaling a hardware startup is a monumental task. Between product creation, manufacturing, supply chain, sales and branding, it takes focus and stamina. Not surprisingly, nearly 90% of new startups are software focused.

Hardware startup founder

According to PWC and the National Venture Capital Association (NVCA), of the companies receiving venture funding for the first time in Q4 2015, software companies received the largest share, accounting for 37% of the dollars and 39% of the deals. Investment in hardware was less than a quarter of the amount invested in software. So why are VC’s hesitant to invest in hardware companies and how can you finance yourself without their funding?…

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What Can Small Businesses Learn From Start-ups?

Let’s get one thing out of the way: you’re an entrepreneur. Your mind is constantly spinning with ideas to share your passion. You probably already have or at least moving toward stepping away from a traditional day job in pursuit opening your business. You’re about to take that first giant leap toward turning your dreams into a reality.

Startup

Dig further into the motivations behind pursuing a business and you’ll find a myriad of reasons. Here lies the rub. Motive is a key difference between small businesses and start-ups. While they share many characteristics, such as a scrappy, pull-yourself-up-by-your-bootstraps work ethic, start-ups and small businesses do have some key distinctions.…

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