Want to start a business but do not have the necessary financial resources? You can apply for bank loans or approach investors like Angels and VCs. But you will notice that these traditional sources of financial backing have major drawbacks. Loan interests can be high, and you seldom find banks that are small business-friendly. Investors, [...]
The successful startup is rare; it is the result of hard work and constant adjustment. You’ve heard the soul-crushing statistics, like those published in the October 2012 edition of Alister & Payne, that say 50 percent of startups fail. Perhaps you are thinking yours won’t be among the failures. Optimism is good, but avoiding the [...]
Many aspiring entrepreneurs think that just because a lot of people have succeeded in a certain business, they will do as well, despite the lack of knowledge on the basics of running a business. As Martin Zwilling puts it, it’s “a surefire path to disaster.” Zwilling, in his article posted on Business Insider says that [...]
Doing business early and learning from your mistakes is one of the smartest moves today’s college students can make. You must experience business struggles while the risks are extremely low and the rewards are high. According to the Zach Ferres blog, there are “Top 4 Reasons to Start your Business While Still in College” (Read full [...]
Young people are now being ambitious to succeed at an early age. There are lots of stories for young business people who took their own shot and made it to the top. The younger generations nowadays have evolved to be more productive and determined to be young entrepreneurs. I found this article from Upstart Business [...]
Some experts suggest that during the earliest stage of your business, you should not leave your day job yet. This means you have to work hard so that you can strike a balance between working for your boss and working for yourself. This can be a bit of a challenge, considering that you only have [...]
Building a virtual startup is a mixture of freedom and responsibility. You have the freedom to work for yourself, without a boss to tug you around, but you also have the responsibility to make your team—with members working remotely—strong. This is not an easy task. Or is it? In an article by Allie Siarto, co-founder [...]
There are more startup failures than there are successes. But this does not mean that you should not try investing for a business which has a high potential for growth, freeing you from the discomforts associated with having a day job. You just have to strive hard for you to belong to the latter group [...]
Is passion and hard work enough to catapult your business to success? I acknowledge the fact that most entrepreneurs are diligent people. They are passionate of their ideas. Then why despite the effort and passion, many startups never make it to mainstream? It is not my intention to undermine the value of hard work and [...]
Some businesses fail. As a matter of fact, at least 80% of startups fail within the first five years. And most of business starters do because they did not have the right motivation to start with. Some start their business thinking it is the ticket away from a job or boss they hated. But these [...]
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