Most startup enterprises do not live to the dawn of the day. I have been privileged to mentor over 500 startups and I realized that the problems facing these startup enterprises are recurring. You can avoid the problems faced by the faulty startups to achieve maximum success in your business. Below are highlights on these flaws.
Unscalable and small ideas
If you are notable to account for the number of potential customers you can boost for in your business, investors will be biased in investing in your startup. Investors will rather support the next Google and startups whose products will be accepted by the masses than they would a small business whose product is accepted by few people. (more…)
The right time to begin investing is now since the year has gone almost a quarter. If we envisage economic cycles as seasons, we will find out that the season has moved from a period of acute economic winter and is now moving towards economic spring. Many markets have been ridden of inefficient businesses and hence new opportunities which did not exist some years ago are now open in different markets. This has made business tools and human capital ubiquitous and cheap.
Do you want to avail yourself of the current trends in the marketplace for a strong launch? Below are some approaches to leverage and ways to ensure that your new business has a bright and successful future. (more…)
The increase in mortgage rates and the standard of Consumer Financial Protection Bureau (CFPB) have made it difficult to obtain mortgage and funds for mortgages. Irrespective of these odds, we need to consider how to essentially finance real estate projects. We need quick, fast and inexpensive money for various purposes as contractors, investors, opportunists and so forth.
The time span between finding a deal and paying for the requirements is now a very crucial factor to consider with respect to the intense competition and trends in the real estate market. We need to also protect ourselves as we execute deals in real estate market since there are lots of risks in the market owing to the rising interest rates and the declining profit margin. We need to know how to secure each deal and avoid losing it because of reasons like not being able to provide funds before another investor. (more…)
Irrespective of your family financial burdens, you can save a lot of money and get yourself ready for retirement. Krista and Chris is a good example of this. With a family of six consisting of four children within the age bracket of 11 and below, the couple in their early forties sucked away up to $1 million in their retirement account. Below are some simple guides on how they achieved this: (more…)
The origin of toothbrush dates back to about 3000 BC. Although the materials used in manufacturing them have been improved upon but they still remain a handle and bristle pair. The most interesting thing about toothbrush is not even the material itself but its marketing techniques.
I visited a grocery store recently and counted about 49 SKUs. There were 15 brands of manual toothbrushes in the store and they were of different prices. According to research, the number of manual toothbrushes sold exceeds the growth in population by three times.
Obviously, there are lots of things you we need to learn from toothbrush and thus below are some of the important things you can learn from toothbrush to improve your marketing. (more…)
A balance sheet is a financial statement that reflects assets, liabilities and owners’ equity. Get a free balance sheet template, example, and guide.
You might be new to the business industry if you are reading this, but everyone should know what a balance sheet is. What does a balance sheet do anyways? There are many factors that encourage a business or sole entrepreneur to use balance sheets. In financial accounting, the definition of a balance sheet is a summary of the financial balances of some business organization such as a sole proprietorship or corporation. An example of one of these companies would be an LLC or LLP. The assets and ownership of something is listed in a balance sheet in a specific date form. It is often described as a short snapshot of how the company’s finances are doing. (more…)