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5 Lessons from 150 startup pitches by

5 Lessons from 150 startup pitches by
I just reviewed several hundred startup pitches for Capital Factory. Most were on paper and video; 20 were invited to pitch in person. Interesting patterns emerged: Everyone makes the same classes of error.Those who avoided just one of those errors stood out in the crowd.These are problems with the business concept or the founder’s attitude, not specific to raising angel money. You’re probably making a lot of these errors too. Not that I blame you! So for the next few weeks I’m doing a series on these mistakes and what to do about them. Here’s the list: Invalid competitive advantages “Superior SEO” and “unique features” are not competitive advantages.Lacking an unfair advantage You need one killer advantage that no one on Earth can beat you on. There’s also this list, equally common but I didn’t feel the urge to write an entire blog post on each one: Unable to describe the company in 60 seconds.

Top 100 Free eBooks for Business Students and Entrepreneurs Whether you’re enrolled in a business school degree program or desperate for a review of b-school basics as you start your own company, it’s hard to pass up free study materials. These 100 ebooks on marketing, management, ecommerce, and finance are all free and worth checking out. Basic Business These foundational courses focus on basic business skills like earning money, understanding your relationship with the customer, and more. Management Become a better manager with these courses, which cover topics in psychology, change management, and more. E-commerce and Internet Marketing Review the cutting edge techniques necessary to master online business. 3 Vital Steps to KickStart Your Web Business: Daniel Sudhakar’s book helps you "avoid all the mistakes that start-ups make." Finance Here you can review accounting, investments and other business finance guides. Budget Breeze: Learn new budgeting strategies for your business. Human Resources Marketing and Advertising International Business Economics

101 Useful Resources for Online Entrepreneurs Every day more and more entrepreneurs are building successful businesses using the internet. There is an abundance of opportunity online and depending on the venture, there is often less cost and risk involved when compared with traditional businesses. There is also a wealth of resources available to help the online entrepreneur to run a business more effectively and more profitably, and we list many of those resources here. Feel free to leave a comment with your feedback and your recommendations of other resources. Communications / VoIP The internet brings great opportunities to do business all with people from all around the world, and fortunately there are also a number of resources to help with the communication that is necessary. 1. Data Backup Anyone that has important of sensitive information on their computer needs to have a system in place for backing up the data. 1. Invoicing 1. Financial Management and Accounting 1. Time Management and Project Management 1. Contact Manager 1. 1.

» Blog Archive » Calculate This! 100 Financial Calculators Every Entrepreneur Needs Calculate This! 100 Financial Calculators Every Entrepreneur Needs Thursday, July 14, 2011 at 1:27pm by Site Administrator By Eliza Morgan Many entrepreneurs don’t have the luxury of having a separate accounting department, instead doing their own number crunching. Business Operations Don’t get caught off guard by the unexpected financial pitfalls of owning a business. Loans Unless you’re bootstrapping it, or you’ve come into quite a financial windfall, it’s likely that your business will need a few loans to get up and running. Debt Management Don’t let your loans get out of hand. Business Debt Consolidation: Have multiple business credit cards or loans holding debt for your company? Investment Make your business and personal investment tracking easy with these investment calculators. Taxes Unfortunately, taxes are an inevitable part of any business’ day to day life. Personnel Make the business of doing your payroll easier with these free calculators. Personal Finance

My Advice for Starting a Business By Leo Babauta Recently I encouraged my 13-year-old daughter Maia to start a vegan cupcake business, and it’s so exciting to watch her get started. As I talked to her about starting, she had some worries: She didn’t know how.She didn’t know what kind of business to create.She was worried she’d fail. Do any of those sound familiar? Worry about not knowing what to do, how to do it, and whether you’ll fail … these stop so many people from starting. I’ve launched numerous ventures, from ebooks to courses to my Sea Change membership program and more. Today, I’d like to share the lessons I’ve learned about starting a business, in hopes of encouraging you to get started making something you love. Look for opportunities. Get started, my friends! The Habits of Entrepreneurs My new video interview series launches Monday: Why is this series important? More soon!

Study Startup Therapy: Ten questions to ask yourself every month by In the last post I beat you to death about ditching your business plan but failed to provide an alternative. Okay okay, “Planning == Bad,” but the supposed benefits of planning are still important: designing for profitability, understanding your customers and competitors, focusing your attention, deciding what’s worth doing next, changing directions, and ensuring the founders agree on important issues. To help you, I’m stealing a trick from therapists. Cartoon by Andertoons Therapists don’t tell you what to do. You’re smart. That’s where this article comes in: To splash cold water on your face, forcing you to face reality and continue to defend or change the important choices inside your business. What follows is your startup therapy session. In one sentence, what does your product do and who buys it? Cartoon by AndertoonsThe first thing this does is force you to nail down your monthly expenses and accounts payable. What tips do you have? To help you, I’m stealing a trick from therapists.

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