Browsing Tag
business model
54 posts
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....
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,...
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?...
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...
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...
The Perfect Side Hustle: Amplify Your Strengths and Sharpen Your Skills
The perfect side hustle fuses passion, expertise and a prototyping mindset. Hustling comes naturally to entrepreneurs, and during the pandemic, it has become even more essential to get out there and make a buck. To naysayers who fear a side venture might divert them from an amazing startup or great job down the line, listen...
3 Tips for Building a Successful Subscription-Based Business
The way consumers buy goods and services is changing. Have a look at your bank statement over the last several months, and I’ll bet there are more than a few recurring charges for Netflix, Amazon Prime, Spotify or Zoom. Consumers used to buy one-off products or services but are now increasingly subscribing to receive them...
Learn How to Run a Successful Franchise on StartupNation Radio
On today's franchise-themed episode of StartupNation Radio, Jeff is joined by co-host Chris McCuiston of Goldfish Swim School and two featured guests: Dr. Mary Mason of Little Medical School and Manish Vakil of Tumbles Kids' Gyms. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here Tune in to the full StartupNation...
How to Identify Your Core Values and Align Them with Your Business Model
As an entrepreneur, it’s crucial that your business model and your personal core values are aligned in order to achieve long-term success. The truth about entrepreneurship is that each of us gets to create our business in a way that works best for us, yet many entrepreneurs leave lousy workplace conditions only to replace them...
Selecting a Side Hustle Based on the Right Business Model for You
When it comes to choosing the right side hustle, is it possible to pick a gig based off the business model you wish to explore? Absolutely. A business model is the method in which a business plans to make money. And in order to define your business model, you need to pay attention to the following...
Planning on Starting up in the New Year? Here’s What You Can Learn From the Resilient Entrepreneurs of 2020
As an aspiring entrepreneur, you might wonder what it’s like to start a business after a year marked by the ongoing COVID-19 pandemic. Maybe you’re a little nervous or even second-guessing plans to fully open your doors (physical or virtual) in 2021. In a year as unprecedented as 2020, entrepreneurs showed the world the kind...
Why a Service-Based Business is a Great Model for Young Entrepreneurs
Millennials and Gen Z are the perfect small business owners. They like to be independent, expect more lifestyle freedom than their parents, and have the digital chops to manage a business online. Forty percent of millennials and 53 percent of Gen Zers freelance. If you’re a young person exploring the world of entrepreneurship, you might...
The Gen Z Guide to Starting a Business
Each generation leaves a significant mark on entrepreneurship. Gen Z is currently entering the working world in a time of great uncertainty amid the COVID-19 pandemic. Many Gen Zers are also watching businesses make significant pivots with their business models and may be inspired to make similar moves. Why wait for a dream job when...
WJR Business Beat with Jeff Sloan: Make Sure Your Business Model is Sound (Episode 134)
Just six short months after it went live, Quibi, a mobile streaming service focused on providing short-form video content, declared it was shutting down. What went wrong? Jeff breaks it down in this morning's WJR Business Beat, noting that Quibi's failure underscores the fundamental premise that if you don't have a sound business model to...
How to Choose a Side Hustle That Matches Your Personality
Did you know that 43 percent of working Americans report having a side hustle? With an increase in unpredictability around job security, a lot of people are starting side hustles with the intention of turning them into full-time businesses. When starting an online side hustle, most people pursue a business model that they see others...
What Many SaaS Startups Get Wrong About Freemium
Freemium is an extremely popular pricing model for software products, and on paper it looks ideal. The theory is that you’ll entice new customers with a free subscription and withhold certain features for the paid version. Ideally, your free users will love your product so much that they’ll sign up for the paid version. What...
How to Start a Side Hustle You Can Run from Anywhere in the World
It’s been a tough year for everyone, and due to circumstances beyond your control, you may find yourself reassessing your lifestyle. Perhaps you’ve gotten used to working in your pajamas, and the thought of the daily commute fills you with dread. Or maybe you’re now working from home and find yourself with some time to...
5 Genius Insights to Start a Lucrative Side Hustle
Acorns grow into oak trees. Many successful entrepreneurs started with just a humble side hustle. Top entrepreneurs and members of The Oracles share their invaluable lessons learned from early side hustles. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here It won’t be easy, but false confidence is good I was working 9...
Bootstrapped and Global from Day One: The Story of Linktree
Linktree was created somewhat by accident in 2016, as a side project by myself, my brother, Anthony Zaccaria, and our friend, Nick Humphreys, to solve a problem we thought to be uniquely our own. At that point, we’d worked in the digital space for many years and were running Instagram accounts for the bands and...
Chef Bobby Nahra Shares the Recipe for Business Success
On today's episode of StartupNation Radio, Jeff sits down with Chef Bobby Nahra, owner of Encore Catering and Banquets, whose business has pivoted greatly amid the COVID-19 crisis. Additionally, he is also partner at Michigan Lottery Amphitheater at Freedom Hill Banquet and Events. As he's shifted his business model for the immediate future, Chef Bobby is...