Some company killers are obvious. Competition. Obsolescence. Too much debt. They're sexy problems. They make the headlines and you're already aware of them. But there are hidden threats that you don't even know exist.
Yes, the economy was rough on commerce for a while, but still many businesses fail unnecessarily. If I've gained any wisdom about business, it's that there is a learning curve and you must always improve your skills for your business to thrive.
Being unafraid to put yourself out there and networking at every opportunity shows that you've rolled up your sleeves and are ready to get to work, that you've got big plans and big moves in your future and that you're a startup worth noticing.
Conflict presents an opportunity to leverage differences to generate creative solutions and improve relationships. This first in a series of posts on startup negotiations shares one approach for overcoming disagreements effectively.
Behind every "overnight success" is a story of a person or a team toiling away for years, with very few people except themselves and perhaps a few friends and partners supporting them. Consider the following two stories.
Making the choice to found without considering professional capabilities and personal circumstances could lead entrepreneurs to found too early, or too late, and find themselves in untenable circumstances (or full of regret about a path not taken).
Maintaining morale can pose an ongoing challenge, particularly when it feels like you have undertaken a Sisyphean effort burdened by a never-ending series of roadblocks. Here are five ways to boost morale on your start-up team.
Going into business with the person that you married may seem like a great idea but it doesn't always end up in happily ever after. Some recent high profile divorces and business splits may make you think twice before you tie the co-working knot.
The "secret weapon" is called leverage. By using the power of leverage, you can skyrocket the growth of your business. Leverage is the idea of using other people or resources in a way that produces far more results than the amount of effort you have to expend.
The world of ed-tech is booming, as 2012 was a big year for startups in the industry. Now, plenty of industry analysts are wondering: just what is the best model for ensuring students across the world have access to online courses?
I always wanted to start my own business, but I kept postponing it because it was never good "timing." Now I realize that the "right time" never comes. This expression is more of a distraction to justify one's indecision and lack of courage.
One of the top reasons companies fail is that they run out of money. That seems easy to avoid, right? Oddly enough, many entrepreneurs do not have clarity around their revenue sources and even fewer have a strong grasp of their operational costs.
One of my mentors once said to me, "It takes at least four or five years to see if a company is going to work. Generally more. If you're really fast, maybe you can get a sense of where things are going by the end of Year Three."