When we talk about celebrating startup wins, it's not about a big funding round. It's the fact that we just made payroll again.
Along the way, we forget to celebrate those tiny wins. Instead, we get distracted by the day-to-day problems, the emotional roller coaster, and the grind that is startup life.
Every possible positive step.
We just shipped a feature. We increased site traffic by 10% over last month. Our last customer just sent us a glowing review to the team. Every last one.
Each of those victories compounds into the overall goal. When we overlook them, or worse, fail to recognize them within our team, we lose out on the opportunity to build positive morale and momentum.
In a startup, morale...
If the depictions of startups in popular culture are to be believed, working for a startup is basically like hanging out in a clean version of a frat house basement. There are pool tables; ping pong tables; kegs that you can drink whenever you want! There are communal workspaces, free food and nap spaces. We have Nerf gun fights spontaneously every day!
And while some of that is true, sometimes — go check out Airbnb’s office in San Francisco for an amazing example of what can be done with startup unicorn money — the reality of working at a startup is a bit more… complicated.
“I’ve worked for a few startups now (Zirtual Inc. [pre-acquisition] for three years, WeWork for six months, and TrendKite presently for over a year),” Kristopher Louie...
In this age of social media, entrepreneurship is at an all-time high. The time for creating a start-up company has never been more optimal, thanks to recent interest in technology and innovation. Profit valuations of successful start-ups have also skyrocketed in response to a rise in venture capital investors. Creating a start-up also celebrates low-cost entry, making it easier than ever to jump in and play a hand at the game of business. As many as 40 start-ups in 2013 were valued at $1 billion or more, according to a NY Times article.
But as effortless as it is to create a start-up business, the real challenge lies in evolving it. Only 1 out of every 10 start-up companies make it to the 5th year. What are the barriers that prevent the suc...
The success of your campaign depends on the number of people you can reach, engage and motivate during your campaign and the weeks leading up to it.
This is a tall order for an already busy entrepreneur. Many campaigners are now realizing the most effective way to run a crowdfunding campaign is by utilizing a Virtual Assistant—Like the ones at Zirtual.
Tim Ferris recently said: “The #1 resource we found for outsourcing is Zirtual… Do not run a Kickstarter campaign (or your life) without…”
By delegating crowdfunding work to your VA, you can focus on what’s important.
Your VA works behind the scenes and allows you, your product, and your launch to shine.
Founders have to learn so many new skills when they're launching a startup, and writing a business plan is a big one. When you're writing your business plan for the first time, things can get… intimidating.
What do you include? What kind of wording should you use? What do you make sure not to include? Is a mid size business plan different than an enterprise plan or a scalable startup? Do I need to include financials like cash flow statements? What do investors want to see?
It's enough to make even a stalwart startup founder and management team throw in the towel before they've even begun.
Lucky for you — we've created a complete guide to writing your business plan. Check it out if you haven't already. (And if a link from there brought you here...
Fail fast. Fail forward. Those are just two of the mantras you’ll see hanging in startup offices and incubators across the globe. In the startup world, a failure is considered a learning opportunity, at the least; a feather in the cap of the Founder, at best. We fetishize failure. We normalize it.
But as much as we talk a good game about failure, the reality is that failing sucks. Just as no one goes into their wedding day planning for divorce, no one starts a company thinking, “Yeah, this one will just be my starter. I’ll get it right next time.” No wants to fail, and yet the majority of startups do fail.
According to an examination of startup businesses (by which they mean new companies in general) in the United States conducted by Stati...
There’s a limited number of colours and shapes in this world, so your logo isn’t your whole brand. Your colour could remind a potential customer of a completely unrelated business (I recently thought of a well known auto care shop when looking at the website of a debt refinancer) and you need to rely on more than just that one aspect of your company to raise brand awareness.
If you have a marketing campaign, do you use just one channel? Only one ad image? Of course not, any campaign is more effective with multiple channels. It’s the exact same principle for “startup branding”.
Have you ever answered the phone without looking, heard “hey it’s me” and known exactly who it was? This is essentially what you want for your company. You want your...
In order to be considered a "minority" in the world of small business, you must be at least 25%...
Women-owned businesses, on the other hand, are another category.
In order for a business to qualify as minority-owned, it needs to be at least 51% owned by a person or persons from one of those groups.
Additionally, you’ll often need to be certified as a minority business enterprise (MBE) or a disadvantaged business enterprise (DBE) in order to qualify for certain loans or grants.
That’s not the case for all loans and grants, however, so make sure it’s a requirement before going through the process of gettin...
The very first money that many enterprises raise — whether they go on to raise more money or not — is seed funding. (Some startups may raise pre-seed funding in order to get them to the point where they can raise a traditional seed round, but not every company does that.)
The name is pretty self explanatory: This is the seed that will (hopefully) grow the company. Seed capital is used to move past the first steps (product development, for example) and to start exploring what the next stages will be (like growth or a pivot).
Seed capital may be raised from family and friends, angel investors, incubators, and venture capital firms that focus on early-stage startups. Angel investors are perhaps the most common type of ...
In the early days of my career, my definition of success was pretty run-of-the-mill. It was all based in corporate metrics while I managed to build three profitable startups. But then my middle child, Teddy, was born with a life-threatening congenital diaphragmatic hernia, and everything changed.
My wife and I started the Incredible Teddy Foundation to help raise awareness about CDH and give financial assistance to families. After a difficult period, our son is doing well now. But his struggle brought me to completely redefine what success meant to me. No longer is it set just by business achievements, but by giving back — the classic “doing good while doing well.”
The experience of building a charitable fou...