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July 2017 / 77 posts found

Jessica Livingston: 9 differences between successful startups and billion dollar businesses

by Manuela
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Jessica Livingston Flickr/NandorFejer There are thousands of tech startups, but only a lucky few (or, technically 205) ever become valued as billion-dollar businesses. So what's the difference between a merely successful company and a billion-dollar one? Y Combinator cofounder Jessica Livingston has a ready answer: "An unpromising idea that blossoms into a frightening big one, and driven founders who see that opportunity and run with it." Livingston cofounded Y Combinator, a Silicon Valley startup accelerator that churns out batches of 200 companies every six months. She's seen thousands of companies become successful. But she's also seen a lucky few like Airbnb [...]

What Franchise Model Is Right For You? #Franchise #Startup

by Manuela
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Many years ago, the most common franchise was the traditional brick and mortar location such as fast food restaurants and storefronts. Modern technology has brought a variety of business models to the marketplace that offer several different models to choose from. Related: Franchise Bible Home Based Businesses Home based businesses are very popular these days since technology has made it possible to perform many business activities remotely. These businesses include accounting and professional services, consulting, digital and other marketing services and a variety of other models. These franchise models offer owners many benefits including lower operating overhead costs, fast and easy startup and the convenience [...]

5 Reasons a Coworking Space Makes Sense for Your Startup

by Manuela
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So, you’ve started your business—where are you going to work? About half of U.S. startups choose to run their business from home, but your home office may not be a suitable environment if your startup is growing and you want to bring more people on board or meet with clients. It can also be difficult to separate home and work life, which actually increases your risk of burnout. When I first set up as a freelance writer, my home office worked out pretty well. But, as my business grew, I started to stagnate at home. It was too quiet. I [...]

Ways Startups Can Fund Their Businesses

by Manuela
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It is one thing to come up with a viable business idea and quite another story to work on it and start a real business. Putting a business from down up can be quite a challenge, especially when you have limited funds. Youths particularly have financial issues when trying out their pilot projects and some boost is always welcomed. But even with the shortage of capital to start you off, you do not have to let your business idea to wash down the drain because there are a number of options through which you can get the funding that you [...]

Don’t let fear steer your small business

by Manuela
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One of my go-to small business gurus is Tim Ferris. Iconoclast, entrepreneur, lifestyle guru, and so much more, Tim gave a new Ted Talk recently in which he advised that instead of goal setting, like so many of us do, we would be better off to engage in an exercise he calls “fear setting.” The essence of the idea is that realistically confronting your fears will do more to get you ahead in life than setting another goal ever would. MORE: Steve Strauss’ column page Tim tells the tale of a time when he was toiling in his first startup. Unhappy, yet [...]

Women Entrepreneurs More Risk Averse than Men, but More Focused on Planning

by Manuela
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Last month we posted a conversation with The Center for Generational Kinetics CEO Jason Dorsey discussing the research study they did with America’s SBDC, titled America’s Voice on Small Business. What Differentiates Entrepreneur Millennials from Previous Generations? To get additional perspective on the results and what they mean, I also spoke with Tee Rowe, CEO of America’s SBDC. Tee discusses how millennial entrepreneurs are different than their predecessors, and how those differences drive changes in the way organizations like America’s SBDC assist in helping them succeed. Below is an edited transcript of our conversation. To hear the whole conversation click [...]

Having a Good Idea Is Not Enough. Here’s How to Turn Yours Into a Valuable Business

by Manuela
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You have a killer business idea. You're excited to bring it to the world. But how do you make it happen? How does the seed of an idea actually help you know how to build a successful business? You don't need to race to raise capital or build out an overly sophisticated product to get going. In fact, this is an expensive and unnecessary approach, especially when an idea is in its infancy. Instead of racing towards developing a final product, you should take time to test the bones of your idea and refine the concept. Here are the key [...]

How to Get the Best Deal on Your Business Loan

by Manuela
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By Carl Faulds When you’re looking for a business loan, you naturally want to get the best deal possible. But with some lenders quoting APR and others a straightforward interest rate, it can sometimes feel like you’re comparing apples to oranges. In this in-depth article, we’ll look at what the headline figures really mean—giving you the information you need to compare loans from different lenders so you can make an informed decision. So, what’s an interest rate? Interest rates affect every aspect of daily life. For example, when the Bank of England changes base rate, it automatically makes the evening news. [...]

If You Don’t Know What You Want for Your Business, How Can You Get It?

by Manuela
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The other day, I was chatting with someone I hadn’t seen in a while. She asked how my business was doing. “Business? Er, it’s fine.” My reply shocked me, because normally I grin and say, “Really well, thanks!” But lately I’ve been feeling a little adrift in terms of what I want for my business, and therefore business hasn’t been booming like normal. I realize it’s my own damn fault. I’m a big believer in setting intentions and making what you want a reality. I do it in my personal life, so why wasn’t I doing it for my business? [...]

25 Businesses You Can Start for Less Than $1,000

by Manuela
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Not all businesses require a ton of capital to get started. In fact, some can be started for an investment of $1,000 or less. If you have between and $100 and $1,000 to start a business, here are some $1,000 dollar business ideas you can use to get started. $1,000 Dollar Business Ideas Personal Trainer For athletically inclined entrepreneurs, you can start a personal training business out of a home gym. You’ll need to purchase some basic workout equipment like weights, treadmills and benches. You can start small or even purchase some used equipment just to get started. Author If [...]