Tag: startup
Pros and Cons of Hiring Consultants For Your Startup
As more and more startups are finding, it is getting increasingly difficult to find and retain quality engineers. Some engineers are hopping onto the next project, which they hope might become the next Pinterest or Instagram. Some engineers are more interested in pursuing their own ventures or joining a company at a stage where they [...]
The Downsides of Raising Money for Your Startup
Raising money should be seen as a means to accomplish ambitious goals for your company, not an accomplishment on its own. Securing investment from a prestigious venture capital firm can make headlines, but there are many downsides to raising money for an early-stage company. Here are a few: 1.) Dilution The earlier stage your company [...]
5 Ways To Finance Your Startup
Your business is never going to get off the ground unless you have the money to do so. Most small businesses fail simply because they do not have the money to keep going. Employee salaries, equipment and supplies are all costs that can hinder the development of your company. Fortunately, you have many options when [...]
Infographic: U.S. Startup Activity Declined in 2011
Yesterday the Kauffman Foundation released the “Kauffman Index of Entrepreneurial Activity”, an annual indicator of new business in the United States. While 2011 saw a decline in startup activity, levels are still high compared to data over the past 16 years. The highest activity was among 45-54 year olds but our young entrepreneurs still held [...]
How Many Founders are Ideal in a Startup?
Is there really a perfect number for how many founders a company should have? Probably not. With any company it’s simply important to have diverse skills and good chemistry. However, many people argue that to few founders leaves to many skills that need to be paid for. While to many founders can mean to many [...]
13 Tips to Naming Your Startup
Q. What one tip do you have for entrepreneurs in the “naming” stage of launching a startup? Kenneth N., Detroit, MIThe following answers are provided by the Young Entrepreneur Council (YEC), an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs. The YEC promotes entrepreneurship as a solution to unemployment and underemployment and provides entrepreneurs with access [...]
Are You Running Your Business Like A Lemonade Stand?
On day one of your new business, you have a hundred job functions. Try to fit “CEO, President, CFO, Technical Director, Web Developer, Accountant, Sales Representative, Receptionist, Janitor” onto your business cards. To millions of experienced entrepreneurs, this feels like what a small business is always supposed to be. Wrong. The problem is you. There [...]
It’s All Your Fault! So Start Working Harder
I don’t know why so many people blame others for their failures or mishaps in their lives… Maybe it’s their ego, maybe in society failure is seen as weakness, maybe people will make fun of them…Or maybe it’s just easier to blame others for their problems? “It’s not that I’m doing anything wrong, he’s preventing [...]
4 Things You NEED to Do in 2012
As other articles on Under30CEO.com focus on how to build your business and live your dream in 2012, this article takes a look at what needs to go on behind the scenes in order for things to go according to plan. Building a company with staying power requires proactive measures to make sure the company’s [...]
Dear Tech World, Please Grow Up
Last night I got a call from one of my best friends; this time for a little advice. He works for a high profile tech startup, is one of hardest workers I know, and is one of the most charismatic guys on the planet…. But like me: He can’t manage his time or personal finances. [...]
