Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Serial Entrepreneurs Are More Successful
“Unlike most business owners who spend significant time in their industry and just focus on what they know, serial entrepreneurs are active in many industries and need to acquire knowledge about a variety of businesses and sectors. It might sound crazy that someone would consider launching a company in an industry in which they don’t have years of experience, but serial entrepreneurs are actually very successful.” (Forbes)
Entrepreneurs, skip these 4 common startup screw-ups
“Entrepreneurs have the weirdest problems on their road to startup success. Even the biggest startup blunders, however, can be overcome with a little elbow grease, some ingenuity, and the advice of those who have gone before. Here are some of the strangest startup blunders I’ve come across, and tips to avoid similar problems in your own company.” (VentureBeat)
Entrepreneurs Don’t Do Enough Diligence On Their Investors
“As venture investors, we do a lot of diligence on you. We call references, both on and off your reference sheet. In our partnership discussion, we talk about your strengths and weaknesses, your character, your ability to grow the business, your idiosyncrasies, whether you will want to sell too early, your willingness to take feedback, and everything else under the sun… As an entrepreneur, you should conduct an equivalent amount of diligence on your investors, but few entrepreneurs do. (Business Insider)
New Research: The Skills That Make an Entrepreneur
“Entrepreneurial-minded people (and the ideas they generate) are extremely valuable to an organization. We recently conducted a multi-variable analysis of a group of serial entrepreneurs and identified five personal skills that clearly make them unique.” (Harvard Business Review)
Does your small business need a mobile app to stay competitive?
“With more than 750,000 apps in the iOS App Store and 700,000 available in Google Play, it can seem at times that absolutely everyone has an app—except you. As a small-business owner, choosing whether to join the app-development club can be a difficult decision. You may feel like you have to build an app and “go mobile” to stay competitive, but you’ve probably heard that apps are expensive and time-consuming to develop… But is it really worth the effort? (PC World)
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