Browsing Tag
business partnership
16 posts
4 Factors to Consider When Choosing a Business Structure
Structuring your business is one of the first—and most important—decisions you make in your entrepreneurial journey. Your business entity impacts everything from taxes to daily operations. But if you’re just starting out, you might not know what to look for in a business structure, and that’s OK. We have your cheat sheet right here. StartupNation exclusive...
Thinking of Starting a Business with Your Spouse? 5 Tips to Ensure Success and Productivity
It’s not uncommon for couples to consider going into business together. After all, your life partner is an easy pick, as many spouses are loyal, supportive and even share the same dreams and goals. Plus, marriage in and of itself is the ultimate test. Like any type of partnership, marriage requires hard work, commitment and...
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...
How a Co-CEO Model Can Help You Build a Better Business
Do you know any CEOs who have enough time to meet all of their obligations, both personally and professionally? If so, I’d love to meet him or her! While there have been several high-profile breakups this year of dual-CEOs (or should we call them “duel”-CEOs) from the likes of SAP, Oracle and Salesforce, I’ve had...
Essentials You Need to Know About Partnerships and Equity
It’s nearly impossible to build a profitable company completely on your own, simply because it’s impossible to have all the skills and resources necessary for a successful business. Although you may start out on your own, at some point you’ll want to utilize talent and skill sets beyond what you personally possess. As a startup...
How This Entrepreneur Increased Her Revenue by $30,000 in Just One Year
The entrepreneurial journey can often be marked by uncertainty and filled with loss. Gaining traction, developing a clientele, establishing revenue and forging strategic partnerships can be a bit overwhelming. However, there are certain insights, moments and snippets of advice that can lead to perspective shifts. Whether you’re a woman of color or a recent college...
4 Ways Your Startup Can Land a Sponsorship Deal
If you’re like most entrepreneurs, independence is both your greatest strength and greatest weakness. Asking for help can seem unwise when the stakes are high. And things only get more complicated if you’re asking for financial help, right? Maybe not. Of the fatal mistakes businesses often make, refusing to build a network of support is...
7 Fatal (and Common) Mistakes Threatening Your Startup’s Success
Most startups fail. It’s the nature of business—there isn’t enough room for everyone. And as anyone who has founded a successful (or unsuccessful) business can attest, there are about a thousand different ways to crash and burn. But someone has to succeed, and that someone may as well be you. After all, you’ve got a...
4 Traits of Great Business Mentors
There is no sense in going it alone in the startup world. You can reap benefits from a great mentor throughout every stage of your career. That’s one of the most beautiful things about entrepreneurship—there is always more to learn. I’ve been lucky enough to have a number of great mentors throughout my years in...
4 Lessons I Learned From Scaling a Startup to an SME
You started a business because you have goals, and where you began probably isn’t where you want to end up. Scaling a startup to a small to medium enterprise (or SME) is part of growing and expanding, but it’s not without its risks. After all, 75 percent of VC-backed startups fail. I started my company...
SoulCycle Co-Founder on Riding Out Rapid Business Growth
The following is adapted from "Riding High," copyright © 2018 by Ruth Zukerman. First hardcover edition published October 2, 2018 by St. Martin’s Press. All rights reserved. According to the U.S. Bureau of Labor, the odds of a small business surviving aren’t as slim as you might think: about 75 percent of new businesses survive...
4 Tips for Managing Co-Founder Conflict Like a Boss
Startup failure can stem from a multitude of causes, such as negative cash flow, failure to conduct market analysis or expanding too quickly. But did you know that the majority of businesses with two or more founders fail because of co-founder conflict? According to one study, 65 percent of promising startups fail because of clashing co-founders. If you...
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...
7 Scaling Hacks to Unlock Startup Growth
Most entrepreneurs understand that, no matter how good their idea, startup ventures are inherently risky. However, it might be surprising to learn that, according to certain studies, the startup failure rate is over 50 percent after five years, and rises to 70 percent after 10 years. Of course, there’s no magic-bullet formula for success, and...
The Dos and Don’ts for Co-Hosting a Webinar With a Business Partner
Have you ever co-hosted a webinar with a business partner? For those who have experience in doing this, they’ll be the first to tell you that there’s a different set of rules and expectations that go into the process than hosting one solo. That may sound intimidating, but don’t sweat it if this is your...
6 Ways to Grow Your Small Business Into a Big Business
Some small business owners consider making enough money to pay the bills and occasionally enjoy a vacation to be the epitome of success. For others, keeping their small business small is simply not enough. Many entrepreneurs have a goal of growing their small business into a large one with the potential for greater profits and...