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ArticleThe Do’s and Don’ts of the Best Startup Business Ideas

The Do’s and Don’ts of the Best Startup Business Ideas

A lot of people want to start a startup — but they don’t know where to start. And where there’s plenty you can do to get the ball rolling, there’s actually one place that everyone has to start: The idea.

But, what are the best startup ideas? What are the worst?

Before we dive into that big question — one disclaimer:

This is not a plug-and-play list of startup business ideas that you can cherry pick from in order to create the next unicorn startup. (That doesn’t exist. If it did, everyone would actually be killing it, all the time.)

Instead, we’re going to talk about some general categories of startups that are more or less difficult to start, help you figure out how to pick your best startup idea, and talk to some founders about their expe...



ArticleMinority Small Business Loans — What You Need To Know

Minority Small Business Loans — What You Need To Know

Looking for minority business loans? You’re not the only one. It’s no secret that the tech world is overwhelming male and overwhelming white. Study after study has shown that not only do underrepresented groups pitch less to angel investors and venture capitalists, they also receive less money when they do pitch. And when it comes to loans? Same problem. Underrepresented groups consistently receive less money than white men on loans.

For example, a 2014 study from researchers at Brigham Young University recruited nine “mystery shoppers” to go and seek small business loans. Three were black; three were Hispanic; and three were white. They all wore the same clothing, had nearly identical backgrounds, and asked for $60,000 for identical busine...



ArticleBusiness Grants for Women: What You Need to Know

Business Grants for Women: What You Need to Know

Business grants for women is a popular topic — and no wonder. According to research from Kaufman, 40 percent of first time entrepreneurs in the United States are women.

Even more impressive? The number of women-run businesses in the US is growing at twice the rate of man-owned businesses. The rate of women starting businesses and startups throughout the country is at an all-time high.

But women aren’t getting nearly as much money for those businesses as men are. In the startup world, women founders got only 2 percent of VC funding in 2017.

That means women are forced to look to other money sources when they’re looking to launch a startup or small business. VC money is the “free” money of the startup world. (Well, not “free,” exactly. But, u...



ArticleHow To Write A Business Plan: A Comprehensive Guide

How To Write A Business Plan: A Comprehensive Guide

How To Write A Business Plan: A Comprehensive Guide

A comprehensive, step-by-step guide - complete with real examples - on writing business plans with just the right amount of panache to catch an investor's attention and serve as a guiding star for your business.

Introduction to Business Plans

So you've got a killer startup idea. Now you need to write a business plan that is equally killer.

You fire up your computer, open a Google doc, and stare at the blank page for several minutes before it suddenly dawns on you that, Hm…maybe I have no idea how to write a business plan from scratch after all.

Don't let it get you down. After all, why would you know anything about business planning? For that very reason we have 4 amazing business plan samples ...



ArticleStartup Equity 101: Who Gets What Slice Of The Pie

Startup Equity 101: Who Gets What Slice Of The Pie

Startup equity is one of those things that it's fair to say every startup founder without an MBA struggles with, and even those with a high degree of financial modeling education won't have been through this before. Most people don't have to think about this stuff until it's really important. But if you're starting to freak out about who gets what slice of your startup pie, take a deep breath, calm down, and get ready for Startup Equity 101 (your official startup equity guide).

Equity. Stocks. Shares. Vesting. Fair market value. The minute you dive into figuring out startup equity compensation, you're slammed from every side with a bunch of words that you might have heard in the past and you might be able to fake knowledge of at a dinner par...



ArticlePitching to Investors: What You Need To Know

Pitching to Investors: What You Need To Know

It’s hard to think of anything more closely associated with the startup experience than pitching to investors.

Think about it: virtually every hackathon ends in a pitch competition. The promise of pitching to real, live investors is the grand prize at incubators everywhere. There are whole television shows devoted to following people as they pitch their company. Podcasts, too.

And no wonder: when you’re pitching to investors, you’re putting your heart on the line, spilling your guts about why you believe down to your bones that this business needs to happen – and you need to be the one to lead it. It’s not hard to see why that makes for compelling viewing/listening.

But there’s another reason the investor pitch is so iconic: because it’s so...



ArticleBusiness Loan Requirements

Business Loan Requirements

How Hard is it to Get a Business Loan?

Unfortunately, business loans can be difficult for startups to procure.

That’s because while some funding sources in the startup ecosystem — like VCs and angel investors — are looking to take big risks, traditional financial institutions like banks generally aren’t.

You’re going to need to show that you have perfect personal (and probably business) credit and they might even require that you’re profitable or on track to become profitable. Generally, banks prefer businesses that have a proven track record when they’re handing out loans.

But that doesn’t mean business loans are impossible for startup founders! It’s just something to keep in mind when you’re considering a bank loan as a funding source.

...


ArticleStartup Lead Generation Strategies: It’s About Relationships

Startup Lead Generation Strategies: It’s About Relationships

During last week’s Startups Live, we talked about developing your pricing strategy, and how asking customers for money is an important step in building an actual grown-up company.

If only it were as simple as flipping a switch on a revenue stream and then watching the sales pour in. That would be a beautiful world to live in. But we don’t live in that world, we live in this world – and in this world, if you want customers, you have to go out and earn them.

We tend to think of lead generation strategies as this very rote, transactional thing: you herd as many people as you can into your funnel, and then you shake the funnel and hope that enough people fall through to paying customer.

“Driving traffic is different than turning someone into a...



ArticleWhat is Crowdfunding?

What is Crowdfunding?

Crowdfunding at a glance

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors.

This approach taps into the collective efforts of a large pool of individuals — primarily online via social media and crowdfunding platforms — and leverages their networks for greater reach and exposure.

How is crowdfunding different from other types of finance?

Crowdfunding is essentially the opposite of the mainstream approach to business finance. Traditionally, if a person want to raise capital to start a business or launch a new product, they would need to pack up their business plan, market research, and prototypes, and then shop their idea around to a limited pool or wealthy indiv...



ArticleHow to Handle Angel Investor Meetings

How to Handle Angel Investor Meetings

Getting an angel investor meeting is one of the high points of being a founder. After all, tracking down one of these illusive investors can be a serious hassle. But don’t worry — we’ve got you covered on how to find angel investors, how to get an angel investor meetings, and what to do once you’re in the room.

What is an angel investor?

Angel investors are typically high net worth individuals who invest very early into the formation of a new startup company, usually in exchange for convertible debt or equity. The role of angel investors serves as a critical bridge between the startup financing needs of a company and their larger capital needs later on.

Where do you find angel investors?

If you want to [find angel investors](https://www.sta...



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