Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Obama’s 18 small business tax cuts – explained “President Obama often touts his 18 small business tax cuts, but there’s some confusion as to what they really are. Many are renewals of tax breaks that already existed. Others are expansions of previous breaks. And every time a measure gets renewed, the Obama administration is counting it as yet another tax cut.” (CNN Money)
Why too many startups suck “While statistics are weak on startup success rates, the worst one I’ve seen suggests that 2 in 1,000 venture backed startups will ever achieve $100-million or more in valuation. Another stat puts that number at 2% rather than 0.2%. Either way, the “hurdle” for successful, scalable startups is high, and it gets higher every day as customer acquisition challenges continue to increase.” (VentureBeat)
7 Reasons Most People Should Build Lifestyle Businesses, Not Startups “A few years back, I wasn’t stoked about my position as a financial analyst, and I knew I wanted to run my own business. The problem was, I had no idea what I wanted that business to look like.” (Forbes)
Is Going for Rapid Growth Always Good? Aren’t Startups So Much More? “I think I’ve read Paul Graham’s post on “Startup = Growth” three or four times now. And of course on Twitter I’ve seen the Tweets, ReTweets and superlatives on what a great post it is. Viewing the article through the lens of a venture capitalist there’s much to agree with under the mantra of ‘growth!’” (Business Insider)
8 Reasons Startups With Good Ideas Fail “Most startups fail. Having a good idea isn’t always enough to be successful … My experience has allowed me get a clear picture of why startups succeed and fail. Here are eight reasons startups with good ideas often fail.” (Forbes)
Photo: Ann Taylor