5 Tips: How To Make Sure Your Startup Doesn’t Fail

Many startups are dealing with a massive amount of chaos, change, and turbulence. In the wake of COVID-19, many start-ups are filing for bankruptcy.

Cofounders working on their startup project

Since you want your startup to go up, it helps to be alert to the true reasons why start-ups fail. Avoid these pitfalls, and you’re on your way to success.

Failure To Adapt To Change

Have you been working remotely? Is it time to return to work – full or part time? If you’re like many small businesses, you’re exploring hybrid work arrangements.

According to the Harvard Business Review, more organizations are migrating to hybrid working.…

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3 Smart Steps To Achieve Your Business Goals for 2021

You’ve got a new or existing business and a boatload of goals. The only thing standing between you and your vision is making them real in this new landscape.

Achieving business goals3

If you’re dreaming of making millions from your business, there are a few things to keep in mind.

Step One: Investigate Your Structural Readiness

Is your business truly ready to go? If you’re not sure, you may need to do some sleuth work and get an outside consultant.

You may believe that since you’ve got a hot idea, a business plan, and start-up capital, that you’re ready for action. However, there could be some things you still need to do to get ready for maximum results.…

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Tips on Becoming a Successful Social Entrepreneur

Social entrepreneurs are big-hearted personalities who look beyond the pursuit of profit by establishing novel initiatives with the potential to solve community problems. The socially responsible approach focuses more on establishing a business for social good.

Social entrepreneurship

Some of the ethical practices brought to the limelight, as a result, include impact investing, corporate social responsibility (CSR), and conscious consumerism.

Successful social entrepreneurs are often celebrated for coming up with bright ideas, products, and services that transform people’s lives. Due to the numerous positive attributes, social entrepreneurship has attracted a lot of public scrutiny, big money, and the very best talents.

Below are four inspiring tips on becoming a successful social entrepreneur:

Operate the non-profit venture as you would a for-profit venture

Some social entrepreneurs are keen on running profit-making businesses while others are not.…

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4 Essential Steps to Kickstarting Your Online Business

The number of online buyers is expected to reach 2.14 billion in 2021. And that’s great news for entrepreneurs that are thinking of launching their own business. Even though the competition can be fierce, the opportunities to make sales and leverage digital business tools allow almost anyone to create a store and find their audience.

Start an online business

photo credit: Adomas Aleno / Unsplash

But getting started can be scary as well. You have to navigate countless regulations, figure out your place in the market, and be ready to meet customer expectations from day one.

To help you get started with all of that (and more), let’s go over a few of the key steps you’ll need to take to kickstart your online business in 2021.…

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Emulate These Habits of Successful Entrepreneurs

You might dream of creating a startup but wonder if you have what it takes to successfully helm it. You can take some inspiration from looking at the habits of the most successful entrepreneurs.

Businesswoman planning her day

Setting Boundaries

One thing that may surprise you is that successful entrepreneurs tend to be good at boundaries. Far from working 24/7, most make time for other things in their lives. The truth of the matter is that what your work life looks like at the beginning of a startup is probably not the same as when you are more successful, and the early days will be demanding ones.…

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Why You Should Consider Buying an Existing Business

For many years, experts have been predicting that Baby Boomers (around 72 million Americans) would over the course of the following two decades, begin to sell or bequeath some $10 trillion worth of assets, held in over 12 million privately owned businesses, according to research by the California Association of Business Brokers. Research suggests that as much as 70% of these firms will either be sold or bequeathed. Clearly, this suggests an increase in the average annual number of businesses sold in the United States.

Merger and acquisitions

Many of these sales may occur within the Baby Boomer cohort, who, statistics tell us, form businesses at higher rates than any other cohort in America.…

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Making Your Startup a Success: 7 Tips Inside

Let’s agree that starting up a business can be a challenge for any entrepreneur but the challenge looks to be even greater when you are talking about making it successful in a shorter span of time. Entrepreneurs know that startups do fail as well but the ones who have made it to the top have actually done most of the things right and went several ounces beyond their usual limitations.

Startup success

Startup companies are no doubt like a pool of opportunities but it is a fact that starting a business also means being surrounded by plenty of competitors. It is acceptable that the numbers of individuals who are actually there to purchase your products and are willing to avail your service are limited.…

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What Your Small Business Needs in Order to Succeed

The cold hard truth is that more new businesses fail than succeed. While many people have the dream of becoming a small business owner, it’s easier said than done. Overall, you need to have your fundamentals covered in order to achieve long term success as an entrepreneur.

Small business owner working

photo credit: Cristina Morillo / Pexels

Below are some of the things your small business needs in order to succeed.

A Product People Want

The most basic fundamental of launching a successful business venture is of course having a good idea. However, just because you think your idea is great does not mean that consumers will agree.…

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Here Are Perks And Lurks Of The Gig Economy You Should Know About

With all the time we have to reflect now, have you sat down and imagined a day where you do not have an office to report to, a boss to be bossed around by, and the freedom to work as per will? Well, all of this, which once existed only in films, or that’s what we thought, is now turning into reality as the world seems grimmer by the day.

Freelancer working on a gig

The Covid-19 situation has left many unemployed, some uncertain and others hopeless. In such uncertain times, one thing seems like the plausible solution, sustainable sources of income. In other times this would have been a difficult feat to achieve, but it no longer holds.…

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How to Start a Successful Digital Marketing Business

Creating a marketing agency was much more challenging three decades ago than it is today, as the barrier to entry was massive. With an underdeveloped digital landscape, creating such an endeavor would mean putting up with costly overhead and this was nearly impossible for many people to consider parting with the initial investment required. Besides, one had to use traditional media to push the brand.

Marketing agency principal

Owing to the massive startup costs that most people could not afford and the challenges of implementing such a huge capital-intensive project without a guarantee on ROI, many people opted to pursue other business ventures. However, things have changed today, as the proliferation of the internet has somewhat eliminated the barriers to entry.…

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