Growing a small business from a startup, into something that turns a profit, makes you a steady income, and consistently attracts new customers and sales, takes investment. Investment not just of money, but also of your time and effort.
Perhaps the easiest and most honest answer to this question is that there isn’t one. Starting a business is a little like having a baby; there’s never a perfect time.
While it’s true that many businesses do fail, of the ones that succeed often have a few things in common. Here is a look at some of the secrets of successful startups.
Starting small is no barrier to how far you can go – in fact, the agility and innovation that small companies are able to achieve is their greatest asset. Small businesses are sometimes able to think in the biggest way of all.
Research suggests that up to 90% of startups fail. For some, failure isn’t a big deal. They’ve tried their hand at running a small business or selling something that they already make as a hobby, but they’ve got another job or trade that brings home the bacon.
When you start a business, keeping it flexible offers you a number of advantages. Try some of these ways to make your startup more flexible.
In this article, we’re going to look at some of the reasons why tech startups don’t always create great products.
Once you’ve identified a scaling opportunity, whether it’s a new location, offering a new product or service, or something else entirely, you have to next figure out what it takes to get there. Here, we’re going to look at examples…
Originally published on Entrepreneur So, you have a great new idea or invention, and you are ready to open your startup business. You’ve been scared by the well-publicized statistic that 90% of startups fail. However, that is not true. A more believable number is that slightly more than 50% […]