Imagine a crowdfunding campaign for a movie about atoms. The entire movie will feature Al Gore discussing every detail about them over and over. It will last 11 hours and be filmed entirely in a white room. It will be marketed as a children’s movie with a goal of $100 million. Do you think this campaign will fly?
Of course, this hypothetical example has about as much of a chance of success as you have of hitting the lottery three times in the same week. It would be stunning if this project raised $10, let alone $100 million. And while the average crowdfunding project is much more attractive, many entrepreneurs set unrealistic goals and are disappointed when they don’t pan out.… Read More
If you’re ready to start a retail business, consider the unique challenges and opportunities of running it as a mobile business. Whether you are interested in running a food truck or selling crafts from a mobile station, these types of businesses have bloomed in the past few years.
According to US News and World Report, these types of businesses offer a lot of flexibility, along with challenges with financing. But how do actual mobile entrepreneurs deal with things like partnerships, events and other business issues?
We spoke to Austin and Brittany Havican, who run PhotoMoto, a Volkswagen bus that is a mobile photo booth.… Read More
Every season, amazing business events come up with promises of great speakers, new products and business success secrets. But which ones should you attend?
Small business owners may be reluctant to leave their posts and travel to unfamiliar territory and people. If you feel reluctant to go, you shouldn’t be: business conferences offer some of the most underrated opportunities to meet new people and promote your business.
The following are some of the most interesting events coming up for entrepreneurs.
Beauty, Brains, Business
Hosted by MyCEO.com, Beauty, Brains, Business is a three-day convention in Irving, TX with over 60 speakers across 80 sessions.… Read More
Looking on the Internet you will find thousands of reasons businesses fail. From accounting problems to flawed strategies there is a different reason for each business failing. However, why is it so hard for small businesses to start and survive?
Mainly it is because the business was not thought through before it began. Most business owners have a passion and jump on the opportunity to run their own business. Although it is great to be able to do what you love and be your own boss, business ownership is something you need to prepare for. Previously, we dispelled the misconception that suggests 9 out of 10 businesses fail.… Read More
Whether you’re the owner of an established small business or a startup, you want to have the best employees working on your team. While it can be easy to attract top-level talent when you have the cash to fund high salaries, it can be a bit more challenging when you don’t.
Thankfully many skilled workers are willing to accept alternative perks and employee benefits in exchange for a smaller paycheck. Many people are strong believers that you can’t put a price tag on having a job that you truly enjoy. These are the people you want on your team anyway!
Consider offering some of these employee benefits in exchange for paying your staff lower salaries:
- Pet friendly workplace: Allow your staff to bring their dogs to work.
… Read More
After you’ve come up with some really great business ideas for your startup, you’ll probably need to present them to investors to secure funding. Starting a business is a very expensive venture, so you’ll need to do a good job convincing financial backers to invest in your company.
Never exhibit the following behaviors around investors, as they are very off-putting and will likely cause them to pass on the opportunity to become a financial backer for your business:
Lack of Confidence
While you certainly shouldn’t lie your investors, you also don’t want to appear insecure about your startup. If you’re experiencing a business problem that you need to disclose to them, do so in a confident manner.… Read More
Starting a business takes a lot of money. If you have a great idea for a product or service you know is going to be a hit, but don’t have the resources to fund it independently, you’ll need to find investors to back you. When investors give you money to fund your startup, they’re taking a gamble with their funds, so you have to do a lot of hard work to convince them that your company will become a thriving enterprise.
Create a Well-Written Business Proposal
Every investor is going to want to see a solid business proposal before even considering investing money in your startup.… Read More
As defined by the Ewing Marion Kaufman Foundation:
Economic gardening is an economic development model that embraces the fundamental idea that entrepreneurs drive economies. The model seeks to create jobs by supporting existing companies in a community.
In general, economic gardening is a “homegrown” strategy of helping new, entrepreneurial and small businesses meet strategic challenges, such as penetrating new markets and building high-performing teams. Economic gardeners, known as EG specialists assist business leaders, pinpoint issues affecting their organization and limiting their growth, and then identify the tools and information required to move them forward.
Overview of Economic Gardening
Economic gardening began in 1989 in Littleton, Colorado.… Read More
We talk a lot about various loan opportunities and different types of extra funding for America’s small businesses, but in a surprising number of cases, a startup can actually do a lot to improve its bottom line without seeking out a lot of additional capital and paying significant interest on liquid cash. In these types of situations, no matter what industry a business is in, what it’s selling, or who it sells to, a cash crunch has to do with a lack of consistency in the actions of its customers and clients. Put simply, many customers don’t pay on time, and that can have a big negative impact.… Read More
Could taking a little time off be the key to a successful independent business? According to the federal government, it could be! With the number of jobs created by entrepreneurship and the fact they could help the recovering economy becoming more intertwined, the federal government is mulling over a special kind of “unemployment” aid for business owners called the Self-Employment Assistance Programs (SEA). Here are the details of the plan and how it could influence small businesses forever.
More college student entrepreneurs. College grads leave school with a lot of knowledge and a lot of debt. Not exactly a winning combination for entrepreneurship.… Read More