Browsing Tag
business partner
15 posts
How to Set Expectations in a Business Partnership to Ensure Success
It’s an exciting moment in the life cycle of a startup when an entrepreneur decides to establish a partnership. Businesses that create partnerships together are able to align with like-minded brands that support and enhance each other’s services. This helps create partnerships that are mutually beneficial to both partners. Over time, one successful business partnership...
4 Common Reasons Why Startups Fail (and How to Overcome These Obstacles)
Most startups fail—up to 90% in 2019—and unfortunately, more often than not, the founders themselves are responsible. Financial reasons are often cited as one of the most common factors for startup failures, and these are, of course, hugely important. I have also found, however, that there are often more personal reasons why startups fail. These...
6 Steps for Choosing the Right Co-Founder for Your Startup
People are naturally more driven to achieve their goals when journeying with others. Studies have shown that effective collaboration delivers five times more productivity than acting alone, resulting in higher-performing teams. When working with others, we gain insight that we may have overlooked on our own. After graduating from college, I started my first company...
Starting a Business with a Partner? Here’s What You Need to Know
Opportunities to start a business can happen at any time, even during a pandemic. Amid COVID-19, many individuals spent their time in quarantine practicing a side hobby or developing a new offering that meets the needs of their target audience. As more people lean into entrepreneurship, some have decided not to go it alone. Instead,...
4 Tips for a Successful Startup Partnership
So, you’ve got a bright idea for a business and you’re ready to get started. You’re buzzing with excitement and you’ve started planning everything from branding and marketing through to sales and distribution. However, when push comes to shove, it may be more difficult to get started than you expected. While starting a new business...
How to Choose the Right Business Partner for Your Startup
Successfully taking a seed of an idea, turning it into a product or service, and forming a full-fledged company is based on a series of critical decisions. Who you choose to go on that ride with from the very beginning is not only a crucial decision for the business you’re hoping to build, but for...
10 Questions Every New Startup Founder Has (and Should Be Able to Answer)
Launching a startup can send even the most Type A founder into a whirlwind of questions and concerns. Will this idea work? Where to begin? What am I missing? While your questions may be specific to your startup and industry, here are at least a few answers that may help you along your journey. 1....
Should You Start Your Business with a Partner?
Starting a business is no walk in the park. It requires an inordinate amount of patience and fortitude, not to mention time and money! Deciding to start up with a partner might seem like a great way to split your workload (and risk) in half, but think carefully before doing so. Partnerships aren’t for everyone. A...
5 Keys to a Successful Business Partnership
Let’s face it: partnerships are hard. Often, two alpha leaders are combined, who now have to agree on any number of decisions on a daily basis. The potential for challenges is a given, but even scarier is the potential for stalemates or disputes that can stifle your business. On the positive side, a successful partnership...
Should You Incorporate Your Business as an LLC for Tax Breaks?
One of the biggest appeals of incorporating as an LLC has long been the ability to save money on taxes. In addition to limited liability protection and building credibility with consumers, forming an LLC allows you to choose between an S corporation and C corporation for your tax entity. But do you really receive as...
9 Ways to Win Your Next Pitch Presentation [Infographic]
Considering what a rare commodity human attention is these days, it’s become more critical than ever for entrepreneurs to make an impact while giving a pitch presentation to prospective clients, investors and partners. Interestingly, when it comes to the all-important pitching process, 78 percent of clients admit they’re most influenced by the business that proves how...
How to Choose the Right Business Partner [Infographic]
Starting a new business can be the most exciting time of your life. When you’re sitting on a big idea, it’s natural to want to share it. Plus, you’re likely to need a bit support from other people if you’re to get the thing off the ground. Most importantly, you may need a business partner:...
I’ve been deselected…
...and it is not a good feeling. A month ago I received a letter in the mail from one of our manufacturing partners that informed me that they have decided to resign our account. The letter went on to give us 90 days to find and move to a new facility. It turns out that...
Grab Your Partner
You don't have to do it all yourself. In fact, you can't. Entrepreneurs all have a certain amount of maverick "I can do it alone" attitude, but real success comes when we can step aside and allow others to play important roles. We do it all the time here at StartupNation. The guests that we...
An opportunity to work with a fellow entrepreneur
An entrepreneur named "Matt S." contacted us this week. He's looking for help. Here was his initial email to us (via our “CONTACT” link at StartupNation.com): Hi-- I'm desperate to launch a couple e-business ideas, but need a more tech-savvy partner. Would you have a resource for finding business partners? Love the website, by the...