Tag Archives: startups

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.

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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.

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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

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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.

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5 Ways for Bootstrapped Startups to Get Through the First Year | Entrepreneur.com

lightbulb

In the eyes of an investor, a bootstrapped startup that has proven stable and successful within the first year is powerful. It not only raises confidence in the product and the leadership behind it, but also indicates that any invested money will likely not be thrown away.

Ultimately, when it comes to working with investors, it’s important to prove that a startup and the people behind it not only know how to spend money, but know how to bring in additional money.To successfully bootstrap a company in its first year, it’s important to consider a few things:

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Veterans on the front lines of small business | CNNMoney

When I left the Navy in 2000, I noticed veterans weren’t marketed in the best way and were often thought of as being was worse off because of their service.

In 2002, we launched Victory Media to change that perception. The company started by connecting the military and civilians through G.I. Jobs, which helps businesses promote themselves to veterans looking for work. Until then, there weren’t many resources to help veterans transition to the civilian workforce.

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Lead Generation Mistakes and How to Avoid Them | AllBusiness

Good content marketing starts with good lead generation. You’ve probably heard something like this before. But what is lead generation in the first place?

Lead generation is the act of collecting a list of names and contact information of people who will play a critical role in your content marketing strategy. These are the people that your search engine optimization SEO team will forge relationships with to promote your products.

Lead generation is usually the first step in any comprehensive SEO strategy. Establishing contacts will get the ball rolling in your campaign, allowing you to reach a targeted audience that will be more receptive to your business.

This is why it is incredibly important that you are able to conduct lead generation early on, and do it the right way. What are some of the pitfalls to avoid? Let’s take a look at some of them.

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