POSTS TAGGED : startups

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 →

Startups and the Circular Economy

For small businesses and startups everywhere, sustainability is a hot topic. In fact, as our impact on the planet becomes ever more evident, there’s increasing calls for businesses of all sizes to step up their efforts to reduce waste and push for a more sustainable economic model. Our existing practices of “take, make, and dispose” have been called out, and today its less acceptable than ever before to simply profit with little regard for the resources used and the waste it creates.

Recycling in circular economy

But what does this mean for small businesses in reality? And how can we redesign our existing economy to be more sustainable?…

Continue reading →

Do Student Loans Stifle Potential Businesses?

Approximately 50% of the American private sector is comprised of small businesses. But due to student loans, the American entrepreneurial spirit has suffered a hit and in 2016, CNN reported that US entrepreneurship has been at an all-time low for nearly 40 years.

College student starting up a business

According to a 2015 study done by Brent W. Ambrose, Larry Cordell, and Shuwei Ma, student loans can stop Americans from financing a startup and inadvertently hamper economic growth. The researchers say that potential business owners are encumbered by student loans that they longer have any way of borrowing more money. The student loan debt in the United States is now over $1.3 trillion.…

Continue reading →

What Your Small Business Can Learn from Cryptocurrency Startups

It can seem at times like every business that ever entered the cryptocurrency market is now minting millionaires. That, of course, isn’t the case. That’s because you are only hearing the success stories. What you’re not hearing is the stories of the hundreds of entrepreneurs who thought they had brilliant ideas related to the blockchain and mined coins to start those ideas up, only to find that they were sadly mistaken and lost everything. Still, as a small business owner, you should concentrate on the success stories, because they are the ones that you’ll want to emulate.

Cryptocurrency startups

The world of cryptocurrency can be a confusing one, and it’s also one that seems to be changing at the moment.…

Continue reading →

3 Absolute Do’s For a Start Up

Every day, there is someone with a new and fresh idea. Start up businesses litter the internet. Some make it and others just don’t. But what’s the difference? What helps those that succeed to reach the heights they do? How do they turn nothing into a booming, profitable business?

Startup

Below are three things that you must do to solidify the foundation of a new start up company.

Do Watch Your Finances

Ok. You remember the time you were 7 and you worked all kinds of odd jobs to try and raise the money for a new bike? You raked yards, washed cars, delivered papers, and so on.…

Continue reading →

Saving Money on Your Startup: 5 Cost-cutting Measures That Will Help Your Bottom Line

Starting your own business is a dream for many business people. After years of making money for someone else, many of us look around and say, “It’s my turn. I want to be in the driver’s seat,” and a new small business is born.

Startup action

The gestation of that business, however, can be a long and difficult road to travel. Starting and running your own business is not for the faint-hearted. It is perfect for over-achievers who believe that sleep is optional, coffee is a basic food group and who have a vision that they can trust no one else to make true.…

Continue reading →

Top 10 Startups to Follow This Year

Today we’re taking a look at the top 10 start-ups for 2017. What you’ll find below are the fastest growing start-ups of 2016, the ones that impressed us most, the ones that have raised more investments, those that have given a violent shock to the innovation market.

Top startups in 2017

1. Inverse

If you are averse to any kind of news Inverse is the portal for you. Inverse is a site of scientific and technological content that launched last year. The question that torments its creators is precisely, “What will happen next?” And to provide answers to this question, all the writers who work for Inverse are constantly looking for emerging ideas, new technologies and trends that boil down.…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →

Tips to Nurture a Growth-Oriented Startup Culture

“A company’s culture is the foundation for future innovation. An entrepreneur’s job is to build the foundation”

– Brian Chesky, Airbnb.

Startup culture

(Source)

For MNCs and other big players, having a great culture is just an additional feature, but for startups, having a great work culture – strong and growth-oriented, is a necessary element of success, be it for employee retention or for innovation.

Nurturing a growth-oriented culture is mainly dependant on the core values of the startup and the work force.

It is crucial to work on building your startup DNA early on. Here are some tips to build a strong work culture:

1.

…Continue reading →