The biggest startup challenges an entrepreneur faces today are aplenty – funding, budgeting, marketing, business development and learning how to handle investors. #1 Money Money is known to be one of the major causes of problems that can lead business to failure. For a new business, the biggest mistake is expecting instant profit. Young […]
Startup Failure
What is the best advice for struggling entrepreneurs?
We previously wrote an article on advice that you would give to First-time Startup Founders and decided to follow up with the best advice for entrepreneurs who are struggling right now. Scott, Startup Mentor – Struggling is part of the process of becoming successful. The struggle is part of entrepreneurship. It should be a […]
Advice that you would give to First-time Startup Founders
We share the best advice for startup founders that we gleaned from our experiences with successful entrepreneurs. Many young entrepreneurs want to build their own businesses for similar reasons that young actors still flock to Hollywood by the busload. They want to the glitz, the glamour, the pool parties, and the recognition. Yet, most do […]
How do you know if your startup idea already exists?
If I need to know does my idea already exist or not, I should start with searching on Google. Obviously, if the competitors’ information don’t show up on search engines, it means they are not popular enough to take into account, or the idea actually haven’t exists. In order to get the optimal result, I […]
What essential skills do startups look for and what skills do founders generally lack?
Startup founders may lack essential skills in certain areas of operating their startup, which is why it’s also important to note the skills startups look for to complement the startup founders’ “weaknesses”. Public Speaking and Presentation Skills At least in the tech startup community, most presentations by senior executives are appallingly awful. Even if the […]
How do I know it is time to close your startup?
When you ask yourself the question posed here, “How do you know when to close your startup?” When you are asking when, all the issues raised above are already in play, and it’s a matter of time of your startup shutting down. In fact when you use the word quit, you’re really negotiating with yourself, […]
Famous Startups that Failed Despite Millions in Funding
In this article, we examine startups that were previously very popular, but ultimately failed to live up to the hype. These startups can be used to examine reasons for startup failure, that we at Startup Storey hope will be useful in your entrepreneurial journey. Segway Segway remains the canonical example, and I think offers […]
What should most startup founders not waste their time doing?
We gather words of wisdom from successful startup founders who recommend avoiding things that do not value-add to the experience of running a startup. That is, the stuff that startup founders should not be wasting their time doing – and instead should focus on what brings in the cash. Unless you’re a startup backed by […]