Most startups have problems and I’ve seen many fail for so many reasons. Off the top of my head, here are the first 20 reasons I can think of: Never actually launched the product Founders fighting or working badly together Single founder was not able to do (or hire) key jobs Launched a “bad” product […]
Startup Problems
Top 6 Successful Tech Companies that have created real value, but are still private
My top tech companies that I think have created tremendous value, but are still private. #1 Uber Waiting around for taxis used to be an extremely frustrating experience – they never seem to be on the road when you need them, their call centers always seem to be busy. But with Uber… all I […]
10 Big Challenges that An Entrepreneur Faces
#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 and eager entrepreneurs start up a business with little money, assuming they will earn big and then invest that money again in their […]
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
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 name recognition. Yet, most do not make it in the end and we compile pieces of advice that we, ourselves, have […]
What essential skills do startup founders generally lack?
Among many things the first-time entrepreneurs should not waste their time on are the following things that we have compiled in this article. Public speaking and presentation skills At least in the tech startup community, most presentations by senior executives are appallingly awful. Even if the subject matter is fascinating, they can find […]
How do I know it is time to quit or close a startup?
When you ask yourself the question posed here, “How do you know when to quit?” When you are asking when, all the issues raised above are already in play, and it’s a matter of time. In fact when you use the word quit, you’re really negotiating with yourself, and any time you are doing that, […]
Success Principles for a Beginner Business Owner
The world is mad about startups. In 2016, the amount of venture dollars plugged into startups around the world grew 19% over 2015, with $176 billion invested altogether, says Crunchbase. No wonder that many aspiring entrepreneurs are eager to conquer the world with their ideas, sometimes even weird ones. After all, ideas are born to […]