The Anatomy Of Startups

The Anatomy Of Startups

So you’ve just graduated from a reputable university and already wasted the whole summer celebrating. Now, you have this great idea for a product and sitting in an office is not an option for you.

With start-ups being all the rage right now, why not start your own company? After all, Zuckerberg made it with Facebook. We’ll, here’s a preview of what needs to be done and how not to fail.

Idea and Product

Ideas often come to people in strangest places and strangest times. You might be commuting when you suddenly thought of the next Facebook or taking a bath when an idea of a resort came to you.…

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Sun Tzu and The Art of Startups

 

Sun Tzu and The Art of Startups

 

[Click to see full size infographic]

Beginning a new business venture can be unsettling. Entrepreneurs have to possess courage and bravery to embark on a voyage filled with lack of certainty and unknowns that come with starting a new business.

The marketplace in today’s business world can feel similar to a battle that is dominated by strong incumbents whose objective is to maintain dominance and thwart any new entrants. New entrepreneurs must be crazy to go into battle against them.

How does a startup have a shot at success when entering a new market battling against the established competition?…

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4 Essentials To Get Right In Your First Year Of Business

4 Essentials To Get Right In Your First Year Of Business

Ask any entrepreneur and you’ll get the same answer: starting a business is hard.

The first year in business is toughest, then all of the hard work, blood, sweat and tears begin paying off. But how do you make it through that first year?

1) Be passionate about your product

Your products or services are the reason you’re starting your business in the first place that unique, life changing benefit that your business adds to the world. If you think that statement is far-fetched, then so will everyone else.

You must start out as and continue to be the most passionate person about your business.…

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6 Ways To Save Money When Setting Up An Office

6 Ways To Save Money When Setting Up An Office

It’s one thing to have a company that has been around for a number of years and is able to afford great big offices. For newer entrepreneurs, however, it’s not as simple as just setting up any office they want and worrying about the costs later. Everything needs to be budgeted out so the company doesn’t lose too much money before it starts to pull in revenue.

These 6 tips will help you to save money right away:

  • Don’t get a full-sized office unless you definitely need it – A startup can always opt for incubator spaces, office rentals rather than sign a full-sized office.
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How Business Loans Can Help Small Business

Loans are an integral part of all businesses big or small. In times of financial needs these loans can help the businesses to keep their doors open. A business can require financial assistance for various different reasons and at different phases of its life cycle.

How Business Loans Can Help Small Business

You might need a loan for starting up your dream project or to expand and modernize or to recover from a financial wreck caused due to unforeseen situations, the reasons are plenty. However, understanding the need for a loan and how the money would add to the prospects of your business is of utmost importance.

There are plenty of sources of finance available to meet your needs.

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3 Reasons Channel Sales Are Sexy for Certain Start-ups

channel sales for startups

CEOs of innovative tech companies that are ready to bring their product to market can travel down two paths: direct sales reps or channel partners.   While both alternatives provide unique advantages, channel sales have become increasingly appealing for many a Silicon Valley and venture-backed start-up.

Improved Credibility

The most overt benefit of an entrepreneurial firm opting for the channel is the instant access they gain to partners’ existing customer relationships.   For a product that isn’t fully established in the market, consumers likely won’t know to look for your specific offering or brand.

Productive channel partners are in tune with their customers’ wants, so if your product fills a demand gap while also making the partner money, they’ll be willing and able to push it all day long.…

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What Every Small Business Should Know About Business Incubation

advice and help from business incubatorsBusiness incubation has been in existence in the U.S since 1959 and has been growing ever since. In Anita Campbell’s article, Business Incubators: The Next Innovation Engine?, legislators are looking into business incubation as a way to boost job growth.

Since small businesses are the major contributors in job creation, it just makes sense that the small business sector be given as much support as the government can. More help = more small businesses= more jobs.

Business incubation has a wide range of services. It goes above and beyond just leasing a space and giving sound business advice. Some services include help with regulatory compliance, access to angel investors or venture capitalists, and other administrative services which are essential to any type of business.…

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Take A Look In The Mirror

A client recently asked me to help her analyze the overall state of her company. Her decision to conduct this productivity audit was prompted by an unexpected personal opportunity that would take her out of the country for the better part of a year. For continuity and efficiency reasons, and to make sure her managers had their marching orders throughout her absence, my client wanted to make sure she was “doing things” as well as possible.

conducting a business productivity audit

As it turns out, she wasn’t. She was doing great, no doubt; but she wasn’t operating as efficiently and productively as possible. The subject business, a relatively straightforward, mom-and-pop, retail operation, had just shy of two million dollars of annual sales.…

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