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 Problems
Most Common Problems that Destroy a Startup
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 […]
6 Successful Tech Companies that have created real value, but are still private
With billions in revenue, these successful Tech companies have blazed trails and created so much buzz, but why are they still private? My top successful 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 […]
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 […]
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, […]
8 Principles of Successful Business Owners to Follow
An embrace of failure that is greater than that of success – we all know this mantra that successful business owners face, but there’s certainly more to that. In this article, we highlight the 8 principles of successful business owners to follow, learn and to apply in your own startup. The world is mad about […]