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Define Your Business Model

382 posts
home-based businesses
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The Value of Home-Based Businesses to Economic Recovery

The challenge of America’s economic recovery, in the wake of the COVID-19 pandemic, is to spread it to every community – and especially those that have been historically excluded. The key to meeting that challenge is to appreciate the civic and economic value of an overlooked resource: home-based businesses. There are about 16 million home-based...
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Business Entity Types Affect Financing Options

One of the most important decisions you’ll have to make for your new business is to determine a business entity type. While the topic may seem daunting for new entrepreneurs, establishing a business entity early on is vital because the structure you choose will have financial and legal implications for your business. One of the...
pitch
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From Concept to Delivery: Tips for Perfecting Your Investor Pitch

Raising money for a startup is a long process, but an important one. Securing funding may not be easy, but that doesn’t mean it’s impossible. In order to successfully pitch investors, you’ll need to move through several steps, from concept to pitch deck to the act of pitching itself. Below are some pointers to help...
ESG investing
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Why and How Companies Must Prepare for ESG Investing

Historically, revenue, capital growth and safety of returns have been the key determinants used by investors when making any investment decision. And, that still holds true – but there is a new factor that investment firms are increasingly taking note of when making their investments and that is known as ESG investing. While ESG investing...
medical startups
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Successful Medical Startups: What You Need to Know From Someone Who’s Been There

Launching any new business venture requires a fair amount of strategic planning, especially considering that only 50% of all startups survive beyond 5 years. A medical startup aimed at an industry as regulated as that of health care, however, requires even more. Between navigating various federal regulations as well as the differences in those regulations...
start a business new year
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Why the Beginning of the Year is the Best Time to Start a Business

The beginning of the year has always been a popular time to start a business. If you’ve been considering forming an LLC or incorporating, but are curious about the benefits of starting up in January, look no further. We’ll catch you up on the biggest reasons why entrepreneurs like forming new business entities in January....
side hustle
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5 Lessons This Entrepreneur Learned Building a Side Hustle

Like many entrepreneurs, I knew I wanted to run my own company from early on. I received an MBA, then spent several years in management consulting, which helped me learn how top executives think, what works in strategy and how to run a business. I planned to use this experience to seize future entrepreneurship opportunities,...
startup checklist
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Want to Launch a Business? Here’s a Step-by-Step Startup Checklist

If you’re starting a business, you’re probably focused on the product or service you’ll sell, but there are other essential tasks you’ll need to tackle, too. Not only do these tasks help establish your business as legitimate and professional, but they can also help your business as it grows and seeks investment capital or small...
early markets
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7 Tips for Founders to Move From Early Market to Mainstream

If you're a company's founder in an early market, you know how hard it can be to cross the chasm between early adopters and mainstream customers. Early markets are by no means easy to tackle, so in this post, I'll discuss seven tips that will help founders navigate these difficult waters. These tips range from...
choosing a business partner
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Be Cautious When Choosing a Business Partner

Sometimes the best way to start a successful business is to establish a business partnership. The right partner can bring expertise, new perspectives and networking connections that help your business get off the ground. In contrast, when you jump into a business partnership without properly vetting your partner, it could spell disaster for your company....
business opportunities
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8 Emerging Business Opportunities in the Post-Pandemic World 

The pandemic has changed the way business works. While the economic effects caused many businesses to fail, it also paved the way for many emerging business opportunities. Returning to pre-pandemic is no longer an option, and companies see this as a time to make real change and create new success. Taking the initiative to cater...
purpose
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Gen Z’s Mindset of Purpose Fuels a New Business Model

In September 2021, 4.4 million Americans quit their jobs. We’re hearing about the Great Resignation everywhere--on TikTok and Forbes and everything in between. The industries affected are vast, and the reasons are highly variable. The common denominator, however, seems to be that there is a widespread shift in mindset among American workers that may no...
first-time franchise buyer
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5 Important Tips For First-Time Franchise Buyers

Many people have the goal of owning their own business. To expedite this process, becoming a franchisee of an established brand may be an attractive option, as entrepreneurs can build off a proven formula for success to guide their decisions as business owners. However, opening a franchise location is not a fast track to riches,...
monthly business plan
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Building a Monthly Business Plan

While it’s important to create a 10-year business model, your real focus should be on your business plan for three years, two years and one year. Once that’s set, reverse engineer it to the quarter and then down to the month. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here How?...
multi-founder startup
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The Advantages, Challenges of Building a Multi-Founder Startup

Running a successful startup is ultimately a team game—irrespective of whether you follow the single or multi-founder approach. At the end of the day, success depends on how efficiently you allocate resources to solve problems. At a multi-founder startup, this is an art form. As one of the four cofounders of Capchase, we were able...
business model
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4 Reasons Why Choosing the Right Business Model is a Make-or-Break Decision

When launching a startup, most entrepreneurs are focused on fine-tuning their product or service. While this is a critically important element of the process, successful entrepreneurs must first focus on choosing the right business model. Whether you’re turning a side hustle into a six-figure business or launching what you hope to be a major product...
business plan
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A Step-By-Step Guide to Writing a Killer Business Plan

A business plan is as important to a new business as a map is to a ship, or blueprints are to an architect. A written business plan will guide your actions and keep you focused on your short- and long-term goals. Your business plan puts your aspirations into words (and charts), demonstrating to partners, investors...
validate
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How to Validate Your Business Idea in 30 Days (or Less)

Starting a business requires serious research, but it also requires you to seize opportunity. Jump in without consulting the data, and you risk boarding a sinking ship. Spend a year learning every detail of the space, and your opportunity may already be gone. As with most things in life, a balanced approach is best when it...