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.…

Continue reading

How to Recover and Grow a Failing Business with Adam Jacobs

There are a host of reasons why a business may be failing: insufficient marketing tactics, a lackluster service, economic or social circumstances (such as COVID-19), or otherwise. Recovering a failing business is an art within itself.

Business growth

Course-correcting what’s gone wrong takes strong business acumen and experiencing. But beyond just recovery, growing a previously failing business takes true innovation and perspective.

Adam Jacobs both recovered and grew a previously failing business: Bubblegum Casting, a prestigious Australian talent agency. While some entrepreneurs and investors take over failing businesses to make money, the motive was entirely different for Jacobs: his younger sister had been one of Bubblegum Casting’s top stars before she passed away.…

Continue reading

What To Do When Your Business Is Turning South

As entrepreneurs, we all strive to build businesses that create value in the ecosystem, make money and help stakeholders establish a profitable venture. That does not always happen.

How to deal with a declining business

Businesses fail due to various reasons and in the worst cases can also shut down. How do you prepare yourself for such an eventuality? Here are a few things to look into.

Closures for reasons beyond your control

There are many reasons that are outside your control as an entrepreneur. There could be serious damage to your property or equipment. Even if the assets can be salvaged, this takes time and could thus interrupt cash flow.…

Continue reading

Ways to Keep Your Momentum Going as an Entrepreneur

The life of an entrepreneur can be very arduous, but also thrilling. An entrepreneur sees everything as an opportunity to create capital. Not every idea an entrepreneur has will be the motherload of ideas, but the defining characteristic of an entrepreneur is tenacity and the utter resistance to give up.

Determined entrepreneur on the phone

You must try, try again, and work through those one thousand ways how not to make a lightbulb as Thomas Edison did. It only takes one bright idea to illuminate the world and change it for the better, forever. It can be a challenge to keep going, however. Life is full of rejection and it’s not always easy to push through a wall of endless no’s.…

Continue reading