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7 Reasons Your Startup Will Fail (And Lessons Learned From Those Who Succeed)

Whether a startup succeeds or fails is often the result of internal traits found in a company's culture. In this article, we have identified the most common elements or "predictors" of failure, as well as the contrasting traits found in startups who succeed. Topics include: Culture of Urgency vs. Culture of Slow, Aiming for Perfection, Paranoia, 'Build It And They Will Come', Planning vs. Action, and Genetic Makeup of Team.

Financing your start-up - tranche your funding requests!
One fatal mistake that nearly all new small businesses make when seeking capital is asking for too much up front. You must lower the risk by demonstrating your business and capital management skills. Find out how …

Retirement put on hold: Option, start your own business
Are you in retirement or approaching retirement? Fearful of being able to survive and maintain your lifestyle? Instead of trying to say in the work place, think self-employment.

"What is the Best Business to Start?"
If you want to start a business, the best business for you will be one that involves an activity that you enjoy. Use the following steps to find out which business is the best business for you to start.

Book Review: Start-Up Nation

“The Story Of Israel’s Economic Miracle” can also become the story of how to launch/wildly succeed your own business. Dan Senor & Saul Singer answer the question, “How does a country of 7.1 million – surrounded by enemies, in a constant state of war since its founding, and with no natural resources - produce more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada and the UK?”

So, You Think You Want To Become An Entrepreneur?
VocationVacations Founder, Brian Kurth, provides five key questions to ask yourself prior to becoming an entrepreneur.

Indirect Contribution
Successful entrepreneurs who understand the true nature of power

Is your business feasible?
Before you can start a business you must be reasonably sure that the business is feasible. One also needs to be certain of the resources required to start the business and then continue managing the business profitably. This article will guide you through the process of conducting a feasability study.

When to call in an expert to help start or manage your business
Many entrepreneurs get professional advice to help start their business and with various aspects of their day-to-day operations. These services often come at a high price, so how does one know if it's really necessary?

Being Organized Is Cornerstone To Small Business Success
When you're starting or growing a small business you need to lay the ground work. Organization is key. We're here to help you get your act together and become more productive.

FAST START DO'S AND DON'TS
Industry jobs keep vanishing. They aren’t coming back any time soon. You need to take control and make things happen to build the career you want. In my opinion, your best and most secure and least risky option is to step out on your own in your own business. Here are a few quick tips of where to start and where not to start.

What Do You Need to Get a Small Business Loan?

Sooner or later most small businesses need to get a small business loan, whether to get the operating capital for business startup or to finance an expansion. But whether you're approaching a bank or a friend for a small business loan, the lender will have the same expectations. You can greatly increase your chances of successfully securing a small business loan by being prepared to meet those expectations.

EQUITY FINANCING FOR START-UP AND EXPANDING COMPANIES USING PRIVATE PLACEMENT OPTIONS
Over the past fifteen years of assisting small business owners to obtain financing, only a hand-full know of any type of financing out-side of the SBA program. They are not aware of the many different equity financing programs available to the small business owners.

Today’s Franchise Trends
If you want to learn which franchise opportunities are selling best today, this article will provide you direction and where the trend are most active.

Solving Your Hiring Dilemma
Hiring new employees in your new franchise can be a stressful experience.

Why Franchising
What are the benefits of buying a franchise vs. starting a new business?

3 Key Factors For Raising Capital
Raising venture capital is hard. Statistics show that only 2 to 5% of startups successfully get their business plans funded by VCs. One of the main reasons startups are not able to raise capital is because they approach investors before they are really ready-- i.e., before they are "venture worthy." This article discusses three key factors that will help improve your chances of getting funded.

No Such Thing As A Sell-Out
Art vs. commerce. Where do the two cross? Where do the two meet? Is there anything wrong with combining them? That's what we're going to discuss. Entrepreneurs are found everywhere and there's most certainly an art to being an entrepreneur.

Why Big Companies Resist Doing Business With Startups
Every start-up wants to make a deal with a large, reputable Fortune 500 company. But does the large company want to do business with the start-up? How does a large company perceive a start-up? What motivates a large company?

Franchise India’s Small Business Congress 2010 Review
Event Review of Franchise India's Small Business Congress

A Five Point Strategy for Job Creation
Most of the net new jobs in the last decade have come from business startup less than 5 years old. Yet, the number of startups, in 2010, was at an all time low. We present a strategy to return the startup numbers to their pre-recession highs in 2006. Entrepreneurs are key to returning unemployment to a reasonable 5%-7%.

How to Succeed in Business, Without Setting Your Hair On Fire
Most start-up businesses fail. Learn what you can do to beat the odds. Learn from the successes. Solve the problems before they become problems. Decide on products, pricing and passion before you begin.

SMEs - survivalist start ups in South Africa present a unique problem
Problems associated with survivalist start ups in South Africa.

Customer Retention Using Human Technology Not Just Digital
As humans we love technology but we still want human interaction from the businesses we buy from. This doesn't always mean live interactions it just means consumers want the business to show they care if they're happy and satisfied. Learn three simple things entrepreneurs and small businesses should be using everyday to keep their customers coming back.

Five Steps to Startup Success
Entrepreneurs fail at an astonishing rate, yet they keep coming. Here are 5 steps that significantly improve the rate of success.

Entrepreneurs and Leadership-How Important Is It?
Leadership is not essential to early phases of a start-up. Passion, planning, vision and attention to detail are more important.

Washing machine rental - Is your idea this good?

In September of last year I made a small loan to a lady in Columbia. Although I don’t know Yaneris Canate Rios personally, she made an application for $1,125 through Kiva.org. In Yaneris’ tiny community of El Milagro the ladies still all washed their clothes by hand. She wanted to purchase 5 washing machines to rent to her neighbors. I provided the last $50 to complete her loan. Each month I would see tiny payments come on – averaging about $3.84 as a repayment on that loan.

What Are Recourse and Non-Recourse Loans?
Understanding the difference between a "Recourse" and "Non-Recourse" loan is vital to every entrepreneur. Whether you are seeking financing or not, it is important to know what these terms mean and how they apply to you, the business owner. It is widely acknowledged that if you don't understand them, it can be very costly. This information just might come in handy in the future.

The Small Business Grant Misnomer
Business owners seeking grants for their businesses must understand the process. Grants, just like other methods of financing, have their unique qualities. Knowing how and when to access grant funding is important in not wasting time and money, then not winning the grant.

5 Things Business Owners Must Consider During Growth or Survival Periods
Growing a business in today’s market is all about survival of the fittest. Surviving through the uphill battles of being an entrepreneur is critical. Surviving through the growth stages of the business is just as vital as when your business is in a negative cash flow period or downhill mode.

Growing Your Small Business with Non-Traditional Financing
Small business owners are always seeking ways to grow their business. Whether you are going after business-to-business (B2B) clients, business-to-government (B2G) contracting opportunities, or business-to-consumer customers (B2C), growing your business is the foremost thing on your mind.

How To Really Finance A Start-Up Business – 3 Simple Ways
Financing a start-up business is not easy. In fact, it is down right hard. But, it does not have to be impossible and here are 3 ways to get your small business off the ground.

Start-Up Business Financing – Look To Crowd Funding
Free money for your start-up business? Don’t laugh. It is out there and might be right where both you and your potential customers spend a lot of time.

Proud to be in Canada, EH!
Moving to a new country is always a challenge, but for me, moving to Canada has been a very interesting and pleasant experience so far.

Never Frown on the Small Business

A new business startup can be a hairy and hoary proposition. There are many indicators to consider, and there are countless variables that can jeopardize any creative attempts. You may have heard about painful and disappointing closures of businesses that began with an optimistic premise. Animated conversations revolved about supporting a cause, a purpose – altruism and philanthropy as part of the company’s philosophy for business – however faded into obscurity and oblivion.

5 Reasons Why You Need To Build A Financial Model For Your Startup
To be successful, entrepreneurs and startup founders need to have a good handle on their business. The best way to do this is to build a financial model, which will give greater insight into your company. It will also make your startup more attractive to venture capital investors, lenders, or angel investors.

Should Franchises be Incorporated?

Purchasing a franchise can be one of the most exhilarating ventures a small business owner can experience. There are an infinite number of issues that franchisees must consider - what kind of franchise to purchase, where to locate, where to find financing, how to build the space, to name just a few. One of the last questions that a franchisee often thinks of is - what legal form should a franchise operate as? This article will review the considerations regarding the selection of business legal form with the franchise in mind and whether franchisors should consider requiring all franchisees to incorporate.

Financing: ABC's of Approaching the Bank
Got the perfect idea and now all you need is money, but how do you approach the bank or potential investor you ask? Simple! Follow the simple ABC's of this article and you're ready to walk in and secure the financing you need!

Financing: ABC's of Approaching the Bank
Got the perfect idea and now all you need is money, but how do you approach the bank or potential investor you ask? Simple! Follow the simple ABC's of this article and you're ready to walk in and secure the financing you need!

Leasing vs. Financing Equipment for Your Business
Unsure whether you should lease or finance your new equipment for your new business? Then read this article as it will give you all the answer's that you you're looking for.

Peer-To-Peer Lending and Your Small Business

Before the internet, before computers, before the stock market, businesses still needed money. Terms like ‘Barter’, ‘Partner’, or even ‘Susu’ were a critical part of the financial vernacular. With the advent of the internet, so much has changed. Here is one such major change – “Peer-to-Peer Lending”. This form of financing has drastically changed and improved because of the internet. Due to its supercharged online growth, this is now a term you must know.

Is Your Business Ready For A Logo?
You're just starting your business. Opening a bank account, getting a business license, and setting up your office are top priorities. And, of course, the question of stationery and marketing comes up. If you're starting a business, you need business cards. And probably stationery. And a website. All this means you need to design a logo immediately, right?

Now is the Time

I love the hopeful feeling of having a new calendar and fresh plans laid out in front of me. But of course the New Year doesn’t wait long before euphoria subsides and it begins testing your resolve, persistence and plans. Whether your goals for 2012 were written in indelible ink or simply mumbled to yourself during your commute, the universe somehow seems to know about them and begins delivering the challenges. At some primal level, we know that our plans will only take wing if we get both hands on the steering wheel and are not shy about turning it in a direction we want to go. So, if starting a business is on your list of resolutions, I have some thoughts to share with you.

Why PR is a smart bet in any start-up budget
Attention entrepreneurs: if you only have room for one item in your marketing plan, don’t just think about inserting a public relations strategy. Do it!

Financing Biobusiness - (California Takshila University)

Financing is the second item in a biobusiness planning process. Once biopreneurs have recognized a new invention that is widely producible and has useful application for human/animal well-being and health, biopreneurs must seek-out the second key ingredient-capital-for the biobusiness. Biobusinesses generally evolve in stages from seed to incubation, to start-up, to early-stage, to emerging, and so on. A biobusiness requirement for capital also evolves in synchronization with these same stages. Capital needed for the different stages vary and are normally supported by different groups of investors. In this chapter we will review the life-cycle of a biobusiness and the nutrient capital required, for each phase of that life-cycle.

The business plan and why you need it

As a business owner, you have to be aware of and work with so many variables – like creating a compelling product, building a great team, generating sales and keeping your customers loyal. Writing a business plan helps you as it will guide you in understanding how your company operates. The process of writing a business plan, will help you learn how to forecast any challenges, understand what resources you would need and even manage your own company more effectively.

Increase Profit and Save Time with this Simple Business Tool
There are so many marketing channels and sales responsibilities, how can an entrepreneur keep them all straight? Here's a tool that can help: The sales funnel. Most people think of the sales funnel as a concept, but it's really a strategic tool. Keep reading to find out how it can help you increase profit and save time.

Creating An Entrepreneurship Company

Are you pondering the idea of creating an entrepreneurship company, being ready to dump the 9 to 5 rat race? If so, then you carry the same feelings that 30 million other people do in this country. Many are realizing with a downed economy, low wages, and scarce jobs, that going into business themselves might be their escape out of this web of financial woe. But how does one go about creating an entrepreneurship company, and what can they do to make it profitable in the least amount of time?

Lesson #2: Pursue Ambitious Goals

"It is not negotiable," Enzo Ferrari told his employees about advancing the technology of his race cars. Ferrari believed that you had to pursue ambitious goals to be successful in the automotive industry. Even though he only built production cars to support his racing teams, Ferrari still believed that a person had to set high goals for everything they did, whether it be racing cars or designing cars. It did not matter to him if the car was designed to win a race or to be driven on the streets by everyday drivers, he demanded the highest standards from his employees, as well as himself.

Lesson #5: People Are More Important Than Cars
“There is no triumph or glory in the world that's worth an inch of human skin," Enzo Ferrari was once quoted as saying after one of his drivers was killed in a race accident. Ferrari faced a lot of tragedy in his life, including the death of his first son, Alfredo Ferrari, best known as Dino. This death affected Ferrari throughout his career and made him pay a lot of attention to people.

Building an Icon: The Making of Ferrari
Many people wonder how a man with little formal education made it to the top of the automotive industry. Critics doubted him, clients thought he was egotistical and few people really knew Enzo Ferrari personally, but this man went from having the desire to race cars to building one of the most iconic sports brands in history.

Alternative Funding Options to the Rescue

Looking for money to start up or expand your business? Due to a variety of reasons, many traditional funding sources may not be available to you at this time. Consider some new ways to raise the capital you need. Small business owners may be at a loss to find capital at this time. Their personal resources, such as home equity, have been drained. Perhaps their FICO scores have been injured during the recession, making it difficult to obtain SBA loans or other traditional financing. There are a couple of new options to consider.

Five Common Mistakes Made by New Small Businesses
Five common mistakes that many small business owners make upon starting their first businesses.

Being An Invisible Business Isn't An Option-Gain Huge Visiblity For Your Business
Marketing and Advertising is one way to gain visibility if you have a big budget but what about free publicity through the media, social networking and guest blogging.

Protecting your startup idea
Should you share your idea or keep it secret? Find out what you should do with that new billion-dollar business concept.

Been There, Done That: 8 CEOs Share Their Wisdom
There is so much advice for entrepreneurs out there; from publications to coworkers to your mom, everyone seems to have some epiphany to drop on startup founders. However, the only people startupers really want to hear from are those who've built successful companies. That's why we asked the founders of a bunch of startups what advice they have for young upstarts.

The Top Sixteen Lies of CEOs
At the suggestion of, and with the help of, Glenn Kelman, here are more lies. These are the lies of CEOs running a companies that are beyond the startup phase. Startup phase lies you’ve read here before.

Breakeven Analysis
Breakeven analysis is a tool used to determine when a business will be able to cover all its expenses and begin to make a profit. For the startup business, it is extremely important to know your startup costs, which provide you with the information you need to generate enough sales revenue to pay the ongoing expenses related to running your business.

Passive-Aggressive Behavior Is Useless In A Startup
If you are making the move from a big company to a startup, Scott Converse has a must read post up about passive-aggressive behavior titled Corporate vs. Startup behaviors.

Learn To Avoid Ugly Baby Syndrome
Last week we talked about creating a "Startup Plan" for your new business idea. To catch you up, a Startup Plan is a detailed list of tasks and subtasks that must be completed in order to get you from the initial idea stage to opening day and beyond.

Ten Tips For a Successful Ezine
Looking for ezine startup advice? Look no further. These ten ezine startup tips will guarantee you produce a winning business newsletter.

Startups: Top 10 Funding Sources
Even in today’s stressed economy, there are multiple ways to keep your startup alive and moving forward. I find that many startup founders fixate on one or two, often at the expense of their business. Following is a prioritized larger list of sources, with some “rules of thumb” which may save you a lot of time and energy:

Four Stages of Startup Development
The Startup Genome project is a study of 650 startup companies in an attempt to understand why some startups suceed and others do not. The authors of the Startup Genome project aid significantly in understanding how and why startups develop and succeed or fail.

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