Browsing Tag
business validation
16 posts
How to Spot the Difference Between a Million-Dollar Business Idea and a Dud
The startup life is built on the notion that anyone has the power to make it big with the right idea and a lot of hard work. Technology continues to level the playing field for innovators and creatives, providing new opportunities for ambitious entrepreneurs. Entrepreneurs must be able to communicate their stories quickly and effectively...
Here’s How to Set Your New Business up for Success
Are you finally ready to follow your dreams and be your own boss? Do you have an incredible idea for a business that can really help solve a problem that you just know many consumers face? Becoming an entrepreneur is exciting and you probably want to jump right in now. However, it is important to...
Entrepreneurs Share Tips for Overcoming E-Commerce Product Launch Obstacles
With consumers spending more than ever online, it’s no wonder why so many entrepreneurs are joining e-commerce marketplaces in droves. Consumers around the world spent $900 billion at online retailers in 2020, according to report from the Mastercard Economics Institute. Up to 30% of that shift is expected to be permanent, too. This growth, regardless...
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...
This Entrepreneur Shares How to Start a Six-Figure Side Hustle
Plenty of side hustles can earn you a bit of side income, but only some have the potential to reach six figures per year, especially if you’re working a full-time job, too. After growing my own side hustle to multiple six figures per year, I’m going to share how to brainstorm and launch your own...
Building a Mobile App? Here’s Why an MVP Will Benefit Your Business in the Long Run
If you’re an entrepreneur with a fantastic new product or service, there’s often nothing more tempting than wanting to release it into the world in its full glory. But, from a business perspective, this is rarely the right thing to do, for a number of reasons. Primarily, it’s important to ensure that you’ve honed your...
4 Questions Aspiring Business Owners Should Ask Before Launching a Business
Deciding to start your own business is big step, and one that requires a lot of upfront research and constant questioning. And, even as you move forward with the process of launching your business, the learning never stops. In fact, it’s likely that asking questions and remaining committed to learning about your industry will give...
7 Steps to Validate Your Idea for a Profitable Online Course
Online courses are gaining immense popularity among aspiring entrepreneurs, students and professionals alike. The COVID-19 pandemic has further driven the growth of the global e-learning industry: since surpassing $200 billion in 2019, the online learning industry is now expected to grow at 8 percent CAGR between 2020 and 2026. Thus, launching an online course is...
Focus on Your Loyal Customers, the Rest Will Follow
When starting a new business, many of us tend to focus our time and effort on scaling and getting more and more customers on our website or through the door. As founders, we should be focusing on winning a few loyal customers who could teach us valuable lessons and help us grow our business further....
How to Validate Your Side Hustle Ideas to Find the One that Best Suits You
Trying to pick the perfect side hustle can be a daunting task. There are so many options, and it’s difficult to know which ones you’re well suited to that have high profitability potential. By doing some research and introspection, you can be sure you’re on the right track. StartupNation exclusive discounts and savings on Dell...
3 Step Process to Rapidly Test New Business Ideas
I don’t lack business ideas. I’m known to pepper my friends with, “What if you could just...” or “Wouldn’t it be great if...” so often that they’ve learned to just sort of nod and tune me out when I get started. It’s become a vicious cycle. First, I’ll fall in love with my latest product...
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...
How to Start an E-Commerce Company While Working a Full-Time Job
Starting a business is tough. I’ve been in the e-commerce industry for over 10 years, but I can still remember the early challenges I faced. One of the most difficult parts is trying to manage time and focus. How do you support yourself while also making the time to start a new business? When you’re...
Entrepreneurship is About the Journey, Not Just the Destination
The following is excerpted from "The Entrepreneur's Framework: How Businesses Are Adapting in the New Economy," available at select bookstores and on Amazon, in paperback and for the Kindle. All proceeds from book sales are being donated to the Big Brothers Big Sisters in Philadelphia, PA. Without a doubt, fear keeps the wantrepreneur from finding out...
Activating on Ideas to Build Your Startup’s Products and Ventures
The following is excerpted from "Born to Build: How to Build a Thriving Startup, A Winning Team, New Customers and Your Best Life Imaginable" by Jim Clifton and Sangeeta Badal, Ph.D. Copyright 2018 Gallup, Inc. Reprinted with permission from Gallup Press. All rights reserved. Action matters more than ideas. Your future depends on your actions....
How to Validate Your Business Idea
In my last post, I talked about how you can generate business ideas. Now, I would like to share some methods on how you can validate your ideas to see which ones you should pursue as a business. In my experience, most businesses don’t fail because they are undercapitalized, but because not enough research, testing...