Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Full of energy, going through rapid changes, still learning to understand the world around them, and overconfident. For anyone who has, knows, or once was a teenager, these characteristics ring all too true. Yet these traits are also consistently exhibited by entrepreneurs and their nascent startups.
Getting a small business loan can be complicated, but don’t believe everything you hear about the process. Here are seven small business loan myths you should think twice about… (Business News Daily)
Tech Recruit: “Can you tell me how many total shares there are in the company?” Company: “We don’t disclose the total number of shares. But your options could be worth a lot. We’ve offered you 100,000 shares and the current strike price is $1.00 per share. If you believe our valuation can grow 10x, that means your shares would be worth $900,000.” (Business Insider)
Small businesses suffered a rough winter on the hiring front, which many analysts blamed on a series of particularly brutal snowstorms. However, even with the weather heating up last month, small employers were still slow to add new openings. Which begs the question — is there something else going on here? (The Washington Post)
Author Greg S. Reid says all successful entrepreneurs have one thing in common: they don’t give up. “I asked them the question: I don’t care why you’re rich, but why didn’t you quit along the way, even when everyone thought you were crazy?” says Reid. “’Stickability’ is how they persevered.” (Fox Business)
When small business owners read headlines about security breaches at Target and other multi-billion dollar companies, it can lead to the false notion that cybercriminals really aren’t interested in going after the “small potatoes” of the world. There’s mounting evidence, however, that suggests this mindset is not only prevalent — it’s harmful. (Business Solutions)
“European startups are able to raise just a fraction of the capital at home compared to their U.S. counterparts. And they receive a lot more value from their investors. Why would I ever fundraise anywhere outside of Silicon Valley?” Looking at the numbers, the decision to fundraise in Silicon Valley for European startups seems pretty logical… at first glance. (The Next Web)
Entrepreneurship is great. However, the concept has recently been used in a rather liberal manner, especially among our generation, the millennials or Gen Y. Entrepreneurship is freedom, independence and innovation. However, it is also evidence of our generation’s incapability to work with a team or take constructive criticism in the workplace, and our desire to forever prolong our kindergarten delusions where me is the centre of the universe. (The Globe and Mail)
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