Tag Archives: startups

4 Reasons Your Business Has Stopped Growing | Inc.com

Running a company that exclusively serves the small business market has provided me with countless opportunities to get inside the head of small-business owners.

Many of these small-business owners are essentially in the process of launching a startup. They’re bootstrapped, hustling for every dime of revenue and trying to unlock the secrets to consistent growth.

The harsh reality is that a lot of startups launch, have a little success early on, but then simply stop growing. I’ve come across countless business owners who seem to make the same mistakes over and over again when it comes to growth. Here are four to avoid.

Read More

NASA Says It Will Start Licensing Technology to Startups | Small Biz Trends

Could NASA be looking for funding to gear up for a trip to Mars?

Public interest in manned missions to Mars has been a fantasy for decades and is slowly becoming a reality.

Riding the wave of enthusiasm, NASA has tentative plans for missions to Mars and the asteroid belt. But with the government’s $18 trillion pile-up of debt, how will it be paid for? Perhaps by licensing the right to use technology developed by NASA to energetic new companies.

David Miller, NASA’s chief technologist, says:

“The Startup NASA initiative leverages the results of our cutting-edge research and development so entrepreneurs can take that research — and some risks — to create new products and new services.”

Read More

12 Industries to Keep An Eye On | Small Biz Trends

As technology evolves and startups jump on these advancements, a few industries are fundamentally changing. And as these industries push forward, they create even greater advancements of their tech.

Curious what market sector is most likely to be disrupted in the next few years, we asked a group of startup founders the following question:

“What industry do you believe is going to have the biggest advancements in technology in the next five years, and why?”

Here’s what YEC community members had to say:

Read More.

Wanted: Women entrepreneurs | CNN Money

American Underground has a lofty goal — to become the most diverse startup incubator by the end of 2016.

Why the rush?

“Great business ideas aren’t getting the opportunity to come to market because the tech community of startups and investors lacks diversity,” said Adam Klein, chief strategist with the Durham, N.C.-based accelerator.

So by the end of next year, American Underground wants women and minority-led firms to make up more than 50% of its startups. (Currently, it’s 36% of the 225 startups.)

It’s not just lip service. Klein pointed to a variety of initiatives started in 2013 to aggressively recruit more female entrepreneurs to its three campuses.

There’s a nursing room at American Underground’s main location in downtown Durham. Networking, mentoring and cocktail hour events are scheduled before 6 p.m.

Read More.

Saving Money in Your Startup | The Simple Dollar

We get it. You’re starting a new businesses and you’re strapped for cash. There are a million questions going through your head. We empathize with bootstrapping entrepreneurs and small-business owners everywhere, and today we explore meaningful ways that add up where your business can save money in the early phases. That said, every small-business owner and entrepreneur has a unique set of circumstances that pertains to their business, industry, strategy, and execution. Here we will outline some of the key choices, some obvious, some less obvious, on ways you and your small business can save money.

Where is your business located?

The cost of living cannot be ignored when you’re looking at starting a business. While the glamour of the big city lights and talented potential workforce might be appealing, it might not be the best place for you to start a business. The cost of creating a startup in San Francisco or New York versus a small town in the Midwest needs to be taken into consideration. Having lived in San Francisco, Los Angeles, New York, Chicago, and Madison, Wisconsin, it’s far easier to start a business in Madison, WI from a cost perspective.

Read More.

4 Common Reasons Why Small Business Startups Face a High Risk of Failure | Getentrepreneurial.com

“My business is in trouble with debt spiraling out of control and I simply don’t have enough cash to make payments on time. I’ve read that most small business startups have problems similar to mine, but why?”

This concern is common amongst the directors, managers, and owners of small business startups in the UK, and for good reason – about 2/3 of startups fail within their first 3 years of operation. Usually the failure is brought about by a number of factors that work together synergistically to make business progression difficult. Here are the 4 most common reasons why small business startups don’t do well:

1. Inadequate PreparationStarting a successful startup is all about planning – analysing your market conditions and competition. Some of the things you’ll need to know and have planned for:

  • Who is going to buy your product/service
  • How many companies are providing similar offerings
  • Why your company’s offerings will be more appealing
  • How much your competition is charging
  • What it will cost to get the business of the ground and start an advertising campaign
  • How much the business will need to spend to operate on an ongoing basis

Read More.

Saving Money in Your Startup | The Simple Dollar

saving moneyWe get it. You’re starting a new businesses and you’re strapped for cash. There are a million questions going through your head. We empathize with bootstrapping entrepreneurs and small-business owners everywhere, and today we explore meaningful ways that add up where your business can save money in the early phases. That said, every small-business owner and entrepreneur has a unique set of circumstances that pertains to their business, industry, strategy, and execution. Here we will outline some of the key choices, some obvious, some less obvious, on ways you and your small business can save money.

Read More.