Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
Are entrepreneurs born or can they be taught?
“You have got a great business idea and you think you could make a lot of money from it – what do you do? Perhaps you set up your own company, dedicate your life to it, and through drive and determination make a fortune. Or maybe you just forget about your idea, and quietly get back to your salaried day job. While most of us fear we would be in the latter camp, the entrepreneurs of this world would undoubtedly have a go at the first option.” (BBC News)
Startups should optimize for mobile to avoid becoming ‘unglued’
“The ‘three screen challenge’ is a very real challenge for startups. We’re seeing numbers from industry researchers like IDC and Gartner saying the sales of tablets and smartphones have finally eclipsed desktops and leaders such as Facebook and Yahoo! are putting a major focus on mobile development.” (VentureBeat)
33 Startups That Died Reveal Why They Failed
“We love a good entrepreneurial success story — entrepreneur as protagonist overcomes obstacles and builds a thriving, successful company (and become wealthy while doing so). We want to hear about, learn from and even replicate what they’ve done. However, this survivorship bias is problematic. Jason Cohen of Smart Bear Software does a nice job articulating this issue stating: ‘The fact that you are learning only from success is a deeper problem than you imagine … drawing conclusions only from data that is available or convenient and thus systematically biasing your results.'” (Business Insider)
Tech giants offer advice to small business owners
“Own a small business? Communicate constantly with your employees, interact with customers on social media but don’t respond too heatedly to negative customer reviews, motivate yourself with a sense of desperation, make sure you accept debit and credit cards and don’t listen to your parents when they tell you to get a ‘real job.'” (USA Today)
Yahoo Keeps Buying Startups That Don’t Make Their Own Apps
“Yahoo is deploying its billions of dollars in cash and its newly buoyant stock to purchase a bevy of startups. It’s worth asking whether its shareholders are getting their money’s worth. Qwiki, a mobile-app startup based in New York whose acquisition Yahoo announced this week, is getting sued by Chaotic Moon, an Austin, Texas-based app-design studio, which claims it hasn’t been paid for work it did developing Qwiki’s iPhone app, which assembles pictures and videos together into short movies.” (ReadWrite)
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