Remove Bankruptcy Remove Government Remove Revenue
article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

Seeing a 200-percent revenue growth in just the first year after securing that loan, TRISTAR took out an additional $500,000 SBA-backed loan to expand its physical presence into two more locations. It has grown from five employees generating $120,000 in annual revenue to 350 employees generating annual revenues of $16.5

Columbus 134
article thumbnail

7 Ways to Improve the Financial Management of Your Business

The Startup Magazine

Business owners must deeply understand their company’s financial health, track their expenses and revenues, and adjust accordingly. As a result, being unaware of regular expenses can lead to overspending, cash flow problems, and even bankruptcy. It could be anything from increasing your revenue to reducing your expenses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Acceptance of Failure is Critical to Startup Success

Both Sides of the Table

In France in some ways it was worse because if you failed as a startup founder you shouldered personal liabilities that don’t exist in the US under our bankruptcy laws. So I wondered out loud with the president if the government wanted to encourage more entrepreneurship — was there a way to help promote more of a culture accepting of failure?

article thumbnail

Why Some Startups Win

Steve Blank

When organizations are small (startups, small teams in companies and government agencies) early employees share a mission (why they come to work, what they need to do while they are at work, and how they will know they have succeeded). I had taken the job of VP of Marketing in a company emerging from bankruptcy. Why Do You Work Here?

Startup 329
article thumbnail

Creating the Next Silicon Valley – The Chilean Experiment

Steve Blank

The government ; the Innovation Division of the Ministry of Economy , the Chilean Economic Development Agency , (CORFO) which sponsored Start-Up Chile and Do Future in Patagonia as well as Fundacion Chile , the main R&D agency and the National Innovation Council. This isn’t some small-time effort. Corporate Connections.

article thumbnail

Five Ways For A Startup To Secure And Keep A Big Client

YoungUpstarts

For any business, revenue matters. For a startup, sustained revenue is of paramount importance: a paucity of sales in one month could lead to bankruptcy the next. The terms of the contract will always govern, even if they verbally indicated something different.

Security 147
article thumbnail

Flexible VC, a New Model for Companies Targeting Profitability

David Teten

More and more startups are pursuing Revenue-Based VCs , but “RBI” doesn’t fit everyone. Flexible VC 101: Equity Meets Revenue Share. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad. Flexible VC: Revenue -based. Of the Inc.