background preloader

8 Crucial Elements of Startup Success

8 Crucial Elements of Startup Success
Bill Clark is the CEO of MicroAngel Capital Partners, a venture firm that gives more investors access to alternative investments. He also gives investors the ability to invest in startups online through crowdfunding. You can follow him on Twitter @austinbillc. Most people understand that a high percentage of startups never make it. So what if you could give yourself a leg up on the competition? 1. If you don’t have the skills to code, make sure you find someone with a solid programming background who can implement your idea. 2. Sometimes you’ll encounter a last-minute opportunity to add features to your product. 3. If you’re developing a product, make sure you truly understand the needs of your end users. 4. Solving a problem for a targeted niche is not a bad idea — the smaller the niche, the less competition you may face. 5. As most startups know, determining how much money to raise is difficult. 6. As obvious as this one sounds, startups waste money every day. 7. 8. Related:  Starting Out

Want to Start a Company? 5 Questions to Know You're Ready I teach undergraduate and graduate students at Babson College (ranked tops in Entrepreneurship by US News and World Report 19 years in a row). Every semester students meet with me and ask whether they should start a company now or wait. If you are trying to decide whether to start a company, my response to them may be of interest. My general advice is that students should work 10 years before they start companies because that gives them industry knowledge, contacts, and confidence. But you may already have all that. 1. Investors like to place their capital into markets that are currently tiny but are growing very fast. No doubt, Google investors are glad they put capital into Brin and Page's page-rank algorithm before they realized that they could sell advertisements next to search results. 2. Needless to say, nobody can know for sure whether a small market will get big or just stay small forever. 3. Potential customers are not eager to work with start-ups. 4. 5.

Propulser son appli dans le Top des Stores Le nombre de téléchargements d'applications connaît une croissance constante. Le boom des smartphones, et l'émergence des tablettes, a entraîné dans son sillon l'explosion des applications. Selon une étude menée par Flurry, en situation de mobilité, les applications natives seraient plus utilisées que les sites web. En 2011, les utilisateurs d'iOS devraient télécharger en moyenne 83 applis, contre 51 l'an passé, et les développeurs pourraient bien avoir à se partager une coquette somme : quelque 3 milliards de dollars. De quoi encourager les éditeurs et développeurs à pousser dans les vannes des AppleStore, AndroidMarket et consorts leurs petits logiciels. De quoi en décourager plus d'un aussi : de nombreuses applications passeront inaperçues. De plus en plus nombreuses, les applis sont de facto de plus en plus volatiles. Ce nouveau marché a fait émerger de nouveaux métiers regroupés sous l'appellation 'marketing mobile'. Tête de gondole

How to Copyright? | Get Free Copyright Protection Online | Myows® What Makes An Entrepreneur Tick? - Entrepreneurialism It is only natural that when you start a business, you are doing something different than most people. They not only will look at you because you stick out like a sore thumb _ but human nature will cause people to naturally ridicule what you are doing. They will tell you all types of things like: "You're not business material." Entrepreneurship is not just about having a lot of ideas or business sense. And if you have to start out small in building your self-confidence. But back to business _ when most people do fail in business they try to "save face" by telling everyone they are "just in a slump" and everything will be back to normal soon. The best thing to do for anybody in this catastrophe is to swallow their pride and admit they screwed up. If your small business is beyond repair, go out and find a job and begin working on your next small business in the near future. And why should you try again? Julia Tang publishes Smart Online Business Tips, a fresh like you!

Forget The Mission Statement. What's Your Mission Question? In a previous article, I shared five questions that today’s forward-thinking companies should be asking, based on input from top business consultants. This second installment, on the same theme, presents five more questions--but with a specific focus this time. These are questions that zero in on the mission and higher purpose of a company. Think of them as “mission questions.” Most companies, of course, articulate their missions by way of formal “statements.” But often they’re banal pronouncements (We save people money so they can live better. Questions, on the other hand, can provide a reality check on whether or not a business is staying true to what it stands for and aims to achieve. 1. Over time, companies can lose sight of what they first set out to do. But what helps guide the company at all times is the knowledge that “we arose out of our love of nature and the wilderness,” as Sheahan puts it. 2. 3. 4. 5. [ILLUSTRATIONS: Questions via Shutterstock]

The Web & Business Tools Startups Use Most [INFOGRAPHIC] Putting the likes of the super-funded aside (Color, anyone?), most early-stage startups operate on tight budgets and spend their dollars sparingly. A bevy of web services have made start-up costs all the more affordable, but now there's the conundrum of nearly too much choice. The folks at BestVendor surveyed 550 startup staffers — most in marketing and executive administration positions — on their favorite tools for email, accounting, web analytics, CRM, productivity, design, storage, payment processing, operations and so forth. Their answers, in aggregate, speak to the growing trend in startups moving toward predominately cloud-based operations. So what's hot among startups these days? Check out the infographic below for even more insight on the web and business services that today's startups are selecting en masse.

Don’t Get Distracted When Your Workplace is Called Home - You have the comforts of your living room to call your workplace, yet you find yourself more stressed out than if you were in an office space filled with varying personalities. So, how can you better the situation so that you’re both productive and happy at the same time? For many people who work from home, their days are littered with distractions – the phone, children, clutter, annoying family members and/or friends who think that your time is their time too. Before you begin that new job from home, follow some guidelines to make for a better and more prosperous situation: Set up strategy – Lay down the ground rules for all those who you will or may come in contact with during the hours you’re supposed to be working. If you have a significant other and/or children, set aside the necessary time daily for them, but make sure they know that your 9 to 5 hours are for work, not play. Working from home can be a very positive experience; making it work is oftentimes the job in itself.

Types of business An entrepreneur must also decide what type of business to establish. There are three main types of small business. Each has a distinct form and structure. Sole trader A sole trader is a business owned by one person. Sole traders have complete control of their business they make their own decisions and take all the profits for themselves. A partnership This involves two or more people working together. However, partnerships do not always run smoothly. A company This is a legal entity. The New Psychology of Business Models | Ask Atma Management 3.0 – a psychological shift You have a great business idea but you are not sure how to develop it. Should you follow conventional wisdom and write-up a thirty-page business plan? I first encountered the idea of developing a one-page business model in 2007 when I came across the Osterwalder model on the web. Fortunately, it all clicked when I encountered the literature around lean startups. It begins with a different starting point Now that you have an idea for your business, or perhaps your company has an idea for a new division, or you want to reboot, either way you need a business model. The collapse of the customer feedback float In 1982 John Naisbitt wrote, in his classic book on future studies Megatrends, about the collapse of the information float. Today, technologies such as social media, smart phones, high-speed data mining, ubiquitously networked electronic devices, etc… have precipitated the collapse of the customer feedback float. The cycle is simple: Like this:

Wunderlist, gérer ses tâches facilement Rien de tel que les listes pour ne pas oublier les tâches diverses et variées à accomplir… La bonne vieille méthode du post-it ou de la feuille volante a fait ses preuves, mais bon, reste à savoir où on a pu la laisser traîner. De nombreuses solutions de gestions de tâches à faire ou de listes ont vu le jour sur mobile ou en ligne, des plus épurées aux plus sophistiquées, des gratuites aux plus onéreuses. Pas toujours facile de trouver l’application qui convient le mieux à vos besoins et à votre équipement ! Voici un service qui devrait combler pas mal d’attentes : Wunderlist. Créé par la start-up allemande 6Wunderkinder, cette application permet en effet de gérer ses tâches très simplement, et surtout sur quasiment toutes les plateformes possibles, gratuitement. Vous pouvez donc commencer à utiliser Wunderlist sur votre smartphone (Android, Windows, iPhone), sur un iPad ou simplement sur votre navigateur. Le site Wunderlist via Valentin de Webtribulation

The Resume Is Dead, The Bio Is King If you’re a designer, entrepreneur, or creative – you probably haven’t been asked for your resume in a long time. Instead, people Google you – and quickly assess your talents based on your website, portfolio, and social media profiles. Do they resonate with what you’re sharing? one are the days of “Just the facts, M’am.” To help you with this, your bio should address the following 5 questions: Who am I? Your bio is the lynchpin for expanding your thought leadership and recognition, especially online. Here’s the challenge: who taught you how to write your bio? Admittedly, most of us never got a lesson in this essential task. The personal branding industry has only muddied the waters. Instead, share more of what you really care about. With all this in mind, here’s a few key pointers for reinventing your bio as a story: 1. You’re a creative. 2. Explain the origin for how you came to see the world in this way. 3. Think frugally here. 4. What’s Your Take?

Social Media Content Strategy: Creating Posts on Different Platforms Social media content strategy is the key to managing your company campaigns. The good folks at mycleveragency ltd created this handy infographic to show you how to create your posts. Last time we showed you how to manage your social in just 30 minutes a day. Now we will walk you through exactly what to post. Examples for all the top social networks including Vine, Instagram, Pinterest, Google+, Facebook and Twitter are here. How to create the perfect social media post is an infographic that was produced by mycleveragency Do check out: Social media management strategy in 30 minutes a day [INFOGRAPHIC]. What is your favorite social media content strategy tip? Leave a comment and do share. (Infographic source: mycleveragency ltd.)

Tell a four-word story. — Design story Forget the elevator pitch. You only get four words. If you want to start a business or launch a new project, you need to be able to describe your effort in four words. Why four? If you write a longer story, the door cracks open to ambiguity; you can start to hedge your bets, get vague or abstract. Stick with four. If this sound impossibly hard, then keep at it. Here’s my take on a few well-known companies: Pinterest: Organize everything you love.Facebook: Hear from your friends.Google: Easily find useful information. “There’s no better way to force a conversation about what your team values than to write your four-word story.” Here’s a step-by-step workshop you can try during your next team meeting. Step 1:Start by brainstorming all the words you can think of that relate to your company. Step2:Eliminate some that are a little off the mark. Step3:Consolidate the groups until you only have four. Step5:Test the sentence. More… We build better when we work together.