Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
During the early development stages of a business, building a long-term growth model often takes a back seat to the pressing operational issues of running a new and often growing company. While early financial wins are great for sustaining short-term momentum, the key to building a lasting business is thinking with the end in mind and architecting revenue streams can naturally grow and develop.
Like most other things in life, it “takes a village” to succeed as a startup. Entrepreneurs are constantly breaking rules and making mistakes in an effort to drive their businesses forward. For this reason, having a mentor is invaluable.
One of President Obama’s proudest boasts about the Affordable Care Act is that it helps small business. The White House website says the health law “makes it easier for businesses to find better coverage options” and “stops insurance companies from taking advantage of you, giving the consumer and business owner more control and making health-care coverage more affordable.” Small businesses aren’t buying it.
Before we had raised our Series A round of capital we did not have an option to be frugal or conservative with our money, it was simple – we didn’t have any. After our round of financing and our company had some nice padding in the bank we still continued to monitor our cash position and made sure to measure for ROI on outgoing cash.
For ecommerce entrepreneurs and small business owners, Google has attractive, free tools for nearly every aspect of online productivity. Here is a list of free online products from Google. There are simple efficiency tools, as well as game-changing web applications. For the tools you’re using already, make sure you’re taking advantage of all the integrated bells and whistles.
When you start a company, you marry it. There’s really no other way to describe the life of a founder. Now for folks who are just out of school, being in a 24/7 relationship with your new enterprise may not be that inconvenient. But as you get older, other considerations come in to play.
These are the types of lies that VCs and accelerators dole out to entrepreneurs because they are somewhat true, mostly innocuous, often keep people from crying, but are most definitely misinterpreted by entrepreneurs. The truth is that we all make mistakes, we all have regrets, we (despite being world changing venture capitalists) are people too.
If you just observed the actions entrepreneurs take, you would conclude there isn’t that much to be gained from studying them. Each entrepreneur’s behavior is as idiosyncratic as they are. You would have to be Larry Page and Sergey Brin to start Google GOOG +0.02%; Oprah Winfrey to found Harpo Productions.
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