Browsing Tag
Business and Life Planning
453 posts
Learn about how to plan your business and life with StartupNation’s Business and Life Planning articles!
9 Mistakes to Avoid When Implementing New Systems
If your systems aren’t lean, efficient and precise, you’re wasting time and money while putting your business at unnecessary risk. If you’re going to build out new systems, you need to do it right. Avoid these nine mistakes when building new systems to transform how work gets done in your business. 1. Ignoring human nature...
4 Steps to Creating Your Company’s Strategic Business Statement (or BHAG)
You’re not a failure if you don’t achieve your goal. Most companies adopt a certain type of goal setting to drive their business. Whether company milestones or individual KPIs, these goals are focused on one thing: growth. And even if they miss the mark, these companies still grow along the way. They’re taking small steps...
11 Self-Made Millionaires Reveal the Best Advice They Ever Got
These millionaires and advisors in The Oracles have had some super-smart mentors; so we asked them for the best advice they’ve ever received. Here’s what they told us — and how it led to their success. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here “You’ll never succeed without me” The best...
5 Strategies for Building a Great Startup Team
The way you treat your employees, their time, skills and abilities in the early phases of your union as a team influences the rest of your company's course of action. Mark Zuckerberg once said, "The most important thing for you as an entrepreneur trying to build something is, you need to build a really good...
How Startups Can Balance Social Impact and Profit
Professor Henrietta Onwuegbuzie of Lagos Business School claims, “Being purpose-driven helps companies grow faster and make more money.” But what exactly does it mean to be a purpose-driven business, and how can startups balance social impact and profit? StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Why social impact is...
Your First 6 Months in Business: A To-Do List
Getting your business off the ground is an exciting journey, but it’s not without challenges. There are a lot of moving pieces, a lot of decisions need to be made and a lot of money needs to be spent. If you’re not ready, it’s easy to be overwhelmed. So much of getting your business running...
11 Reasons Why You Need a Side Hustle
Side hustles aren’t new, but they’re more popular than ever. Especially now, with so many ways to make money online, more and more people are deciding to pursue a side hustle. A 2021 survey from Dollarsprout showed that 57% of Americans have a side hustle. Why is this becoming more common? While everyone has their...
Why You Should Start a Business to Solve a Common Problem
Silicon Valley is known for its revolutionary ideas, grandiose statements and ability to challenge the status quo. By now, we’re all familiar with the classic persona of the Bay Area-located, hoodie-wearing techie, who tells their team to “move fast and break things” in order to “disrupt” entire industries. However, what those promising to change the...
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...
8 Ways to Avoid Burnout When Starting a New Business
We’ve all felt burned out at one point or another — that feeling of total fatigue, both mental and physical, which comes from working ourselves too hard. Soon we’re experiencing symptoms like depression and exhaustion, feeling cynical and adrift. It’s ironic that at the point of burnout, the harder we work on something, the more...
10 Tips on Running a Successful Crowdfunding Campaign for New Entrepreneurs
Over the past decade, crowdfunding has revolutionized the way startups generate capital and secure investment. In fact, in 2019, the global crowdfunding market reached a massive $13.93 billion, with this figure estimated to triple to $39 billion by 2026. It’s no surprise then that everyone wants to get in on the action, and today, there...
Do These 8 Things to Save Your Startup Money
Startup entrepreneurs face some of the toughest odds when it comes to achieving success. With 90% of startups failing — more than half by Year 3 — there’s seemingly little hope for those looking to start their own company. Yet, small business owners are vital to the U.S. economy. These mom-and-pop shops make up for...
3 Tips to Maximize Your Energy to Live an Optimal Life as an Entrepreneur
Entrepreneurs are passionate leaders with seemingly endless energy, helping to advance our world one brilliant idea at a time. Throughout my career, I’ve been humbled and honored to speak at conferences filled with entrepreneurs, and can literally feel their energy and drive when I’m on stage. Entrepreneurship is incredibly fulfilling, but it certainly comes with...
How Brands Are Improving Communication with Their Remote Teams
If remote work was gaining traction before the pandemic hit, it's now mainstream. A recent survey showed that 55% of employees would like to work remotely at least three days a week after the pandemic. But for managers, the decision isn't so simple. How can you ensure your workflow stays efficient and productive when everyone's...
How to Create a Fundable Business Plan
Business plans are created for various reasons. Sometimes a plan is prepared for a strategic partner. In this case, the partner might want to better understand your strategy, milestones and staffing to determine whether to work with you. Sometimes a business plan is created to convince prospective employees to join you. And oftentimes plans are...
How Brand Activism Can Influence Business Performance
It's difficult to read the morning news while sipping your freshly brewed cup of coffee without hearing about one horror story after another. While this might be upsetting, a lovely and uplifting byproduct of all this criticism is that it inspires many to become activists. People also want to see companies take a position and...
The Secrets of a Strong, Successful Cofounder Relationship
Starting a company from the ground up is an exciting time. You have an opportunity to build a business from scratch and turn it into a legacy for your descendants. If you’re an entrepreneur working with a cofounder, there are some things you can do now to ensure you have a long-term, successful relationship that...
The Blueprint That Brings Your Business Closer to Success
Adapted excerpt from "Self-Made Boss: Advice, Hacks, and Lessons From Small Business Owners" by Jackie Reses and Lauren Weinberg (McGraw Hill/2022) ©2022 by Jackie Reses and Lauren Weinberg. All rights reserved. Small businesses have about a 50-50 chance of surviving the first five years – and one in five don’t even make it a...
For the Smoothest Deal Process, Know the 6 Legal Stages of Your Startup’s Acquisition
The following is adapted from "Getting Acquired: How I Built and Sold My SaaS Startup" by Andrew Gazdecki. Nothing derails an acquisition faster than legal problems. Legal procedures are the most critical aspect of a sale, but they’re often the ugliest as well. Fail to understand the legal process of selling your company, and you...
WJR Business Beat: Franchising is Hot (Episode 382)
On today’s Business Beat, Jeff Sloan explains why franchising increases your odds of success in small business. Tune in to today’s Business Beat to learn the fastest-growing markets for franchising: Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen...