Examples of startup in the following topics:
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- The people who come in contact with your business's brand are known as your startup's stakeholders.
- Who will be your startup's stakeholders?
- Consider establishing contacts with some of the following suggested stakeholder categories common to new venture enterprises mentioned in the "Startup Stakeholder Arrow".
- Exhibit 7: "Startup Stakeholder Arrow" created by Molly Lavik, founder, Mentorography, Inc., January 12, 2009.
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- Dedication: In Memory of Nancy Wachs who believed in everyone's Startup time!
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- You are not alone if you have major concerns about attracting the finances you need to get your startup idea "off the ground".
- Family traditionally is the first place to look for funds to pay for some of the startup costs associated with a new venture.
- Friends, even casual acquaintances, can at times provide financing and resources for a startup.
- Use the opportunity to share some information about your startup with the people you meet.
- You may find others who want to help you make your startup a success.
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- Strategy is the method you utilize to go about achieving the underlying goal of your startup.
- It's recommended that prior to spending any money on your new venture that you first come up with the strategy or strategies you plan to utilize to make your startup successful.
- Devising the right strategy often requires a great deal of market research on the history of your competition, potential customer needs and wishes as well a taking into consideration the economic climate and cultural factors that could impact your startup.
- Creating sustainable growth for a startup means that the new venture will eventually make more money then it takes to operate the company and that the profitability of this venture is possible over an extended period of time.
- Paradigm shifting brand for a startup means creating a product or service that revolutionizes the world!
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- These hard-working, strategic-thinking entrepreneurs increase the chances of creating a startup that has a real opportunity of potentially striking gold at the end of the rainbow!
- Editor and Author: Molly Lavik, Founder, Mentorography, Inc. & StartupTime Coach, Molly.Lavik@StartupTime.com, Professor, Vatel International Business School.
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- Procuring funding in the modern economy can be highly diversified, from borrowing debt from banks to pursuing angel investors to crowd-sourcing funding for a small startup project.
- For small organizations, debt and equity are often accompanied by venture capital and crowd-sourcing (particularly in the startup world).
- The startup world is full of interesting options to procure capital, including:
- This is an excellent illustration of how funding sources and strategic alliances evolve over time, beginning from the startup stage.
- Differentiate between funding options for global organizations, and consider the differences between startups and larger established firms
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- Boundless is a Boston-based education technology startup that believes that universal access to quality education is a right, not a privilege.
- Founded in 2011 on the principle that universal access to quality education is a right, not a privilege, Boundless is a Boston-based education technology startup that provides high-quality, low-cost educational content in a revolutionary, award-winning teaching and learning platform.
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- Angel Investors choose to invest in your startup because they share a common interest in what you are doing.
- Who will be on your Startup Stakeholder Arrow?
- Brainstorm ideas for who specifically you would aim to have for your Startup Stakeholder Arrow.
- Try to utilize all the aspects mentioned in the provided categories of the "Startup Stakeholder Arrow".
- Go to: http://www.Mentorography.com/ and post a draft of your Startup's Stakeholder Arrow list.
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- Another strength comes from the involvement of highly skilled personnel in all aspects of a startup business.
- In particular, startups benefit from having senior partners or managers working on tasks below their highest skill level.
- As Stolze said in his book, Start Up, "In most start-ups that I know of, the key managers have stepped back from much more responsible positions in larger companies, and this gives the new company an immense competitive advantage. " Another strength of a startup is that the people involved–the entrepreneur, any partners, advisers, employees, or even family members–have a passionate, almost compulsive, desire to succeed.
- Finally, many small businesses and startup ventures have an intangible quality that comes from people who are fully engaged and doing what they want to do.
- Additionally, the startup cycle of initial financing can be daunting, and entrepreneurs have to act responsibly and intelligently so as not to end up in the "Valley of Death. " Several organizations in the United States provide help for the small business sector, such as the Internal Revenue Service's Small Business and Self-Employed One-Stop Resource.
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- A technology startup's marketing plan may not be the same as that of a more established company due to the different environments in which they operate.
- For example, the startup may not state exactly where it plans to spend its advertising funds due to its ever-changing enviroment.
- For example, a technology startup's marketing plan may not be the same as that of a more established company due to the different environments in which they operate.
- The technology startup operates in a market that can change at the blink of an eye and its marketing plan may reflect this fact by being less elaborate and more flexible than that of the established company.
- For example, the startup may not state exactly where it plans to spend its advertising funds.