July, 2019

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Less Multi-Tasking, More Meditation: A New Model For Start-up Leadership

YoungUpstarts

by Michael Heinrich, Founder and CEO of Oh My Green. More often than not, the words “start up culture” conjure up a very specific image in people’s minds: late nights at the office, lots of coffee and Red Bull, pizza boxes under the desks. In other words, an environment where people are just so committed to the work, that nothing else matters. Who needs rest, social relationships, proper nutrition, and exercise?

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Why Gross Profit Is More Important Than Revenue

Feld Thoughts

I’ve been thinking a lot about gross profit (and gross margin ) lately. Yeah, I know I can be riveting, but stay with me. When I was in Boston a while ago (it was very cold, so it must have been January), I had a wide-ranging conversation with Eric Paley. This was before the IPO Summer of 2019 when all conventional valuation metrics have entered the land of “suspension of disbelief” which is short-term good and long-term well-we-will-see-…-eventually.

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Raising a Series A Away From Home

View from Seed

This is a post about raising a Series A from an investor that is not based in your home city. Let me preface this by saying that if all things were equal, you would probably prefer to have a local series A investor. Proximity helps, and you are more likely to get more time and attention from a series A investor that is in nearby. But, all things are not equal for many reasons.

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9 Success Inhibitors To Overcome For Rapid Growth

Startup Professionals Musings

A common complaint I hear from my startup clients and many entrepreneurs is that rapid growth is more difficult than ever anticipated. The assumption usually is that more money is needed for marketing, or another round of new development is needed on the product. Yet I find in digging deeper, the challenge is just as often getting the right people and culture , rather than money.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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Is Artificial Intelligence Still Relevant for Startups?

ReadWriteStart

If artificial intelligence confuses you, think about what happens when it’s not leveraged properly. For context, consider the London-based VC firm MMC who found that about 40% of European AI startups don’t use AI in any tangible way. MMC (and TheVerge) are saying that companies just want to take advantage of the AI hype. Meaning that the company or startup “talks” about AI, but they are unwilling or unable to put in the resources to deploy the process, store the data, or make

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How to Land Funding From Angel Investors

Up and Running

Are you wondering how to land funding from angel investors? Of course, any real answer depends on where you are and the specifics of your business. This article focuses on angel investors in the U.S., and the process of raising angel investment for high-tech or high-growth startups. It’s different in most other countries—and almost impossible for established businesses without high potential for growth. .

More Trending

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How to Increase Ecommerce Conversion Rates

ConversionXL

If you run an ecommerce shop, you’re always trying to boost your sales. Here’s how to increase the conversion rate of your ecommerce site. What’s a good ecommerce conversion rate? Don’t worry about “average” ecommerce conversion rates. A good conversion rate is one that’s better than what you have right now.

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Enhance Your Tech Career with Python Training

The Startup Magazine

Programming is at the heart of almost every job, especially in the tech and engineering field. Although there are many different programming languages, some have become very popular due to their performance and adaptability. Python is one such language. Python development has emerged as a top player over the last few years. Its popularity has grown by leaps and bounds and Python training has become essential if you want to give a boost to your career.

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10 Ways Your Startup Co-Founder Is Like A Good Spouse

Startup Professionals Musings

As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader. The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk.

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28 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

The idea of exactly what your business is going to usually come first. Secondly, most often, is giving a title to your idea. What exactly is going to be the name of your business? Some people turn to their childhood for inspiration or a beloved family pet. It could be a made up word you dream of one night and feel it has the right ring to it. Even still there are some people who study foreign words for the perfect meaning behind their chosen business.

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How Tech Startups Succeed With a Fully Remote Model

ReadWriteStart

Startups are starting to launch without a central headquarters, or any designated office building, in an attempt to create “fully remote” businesses. The premise is simple; operate with all your leaders and employees working remotely, sometimes all over the world, to cut costs and broaden your potential employee pool. To conventional businesses, the notion seems absurd; they rely on in-house collaboration and the reputational allure of a headquarters.

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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

by Kedma Ough , MBA, author of “ Target Funding: A Proven System to Get the Money and Resources You Need to Start or Grow Your Business “ Is it possible to have your cake and eat it too? If there was a way to find your ideal job and build your dream business, would you consider both? Most people see this dichotomy and feel that they need to choose one dream over the other.

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Still growing our team

Version One Ventures

A year ago, we set out to add to our team. You may recall that we opened a search for an associate last summer. We appreciated spending time with many candidates, as well as the many intros and referrals from our friends. Unfortunately, we didn’t find someone who was the right fit for us – and decided to take a short break from the search. We’re beginning to restart the process of finding our third team member.

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Benefits cloud servers bring to your organization

The Startup Magazine

Right now, your organization’s IT infrastructure might rely on a physical server – whether based on your own premises or in a local data centre. However, 2019 could be the ideal year to consider switching to cloud servers; in other words, a cloud-hosted server accessible over a network. Cloud servers are otherwise known as virtual servers, virtual private servers or virtual platforms, as TechTarget explains – but why should you consider one?

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6 Ways To Help Others At Work And Still Save Yourself

Startup Professionals Musings

Don’t you wish you were better at saying “no” to all those extraneous requests for a bit of help at work? Every business owner and professional I know is struggling with their own workload, yet they let themselves get signed up for other people’s work, either out of frustration that things aren’t getting done, or guilt, or just plain sympathy. It’s time to stop jeopardizing your own future.

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How to Create a High-Performing Analytics Team

ConversionXL

Every company dreams about creating high-performing teams. For us at OWOX , that dream centered on our analytics department, which included 12 specialists—junior analysts, mid-level analysts, senior analysts, and QA specialists. Collectively, our analysts were responsible for consulting clients on data analysis and improving our marketing analytics tool.

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Important Changes to the Google My Business Tool

Duct Tape Marketing

Important Changes to the Google My Business Tool written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with John Jantsch on Important Changes to the Google My Business Tool. Do you know about the Google My Business tool ? Google has been playing around with the idea of a local directory for years, but it seems like they’ve really settled into Google My Business.

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A Start-Up’s Digital Checklist

YoungUpstarts

If you are starting out on a new venture, chances are you won’t have a website or digital platform from which to help propel your business forward. With everyone using the internet for research of all types, especially mobile that makes up over 50% of global searches. There is now a longer and longer checklist that your company website needs to comply with to give it a chance of finding the public.

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Funding for Women-Owned Businesses

Women Entrepreneurs Can

Female entrepreneurship has been on a steady rise in the United States, with the number of women-owned businesses nearly doubling between 1997 and 2017. Today, almost 40 percent of the nation’s privately held companies are owned by women, and women launch an average of 1,000 businesses per day. Not only are women-owned businesses increasing at two and a half times the rate of all US businesses combined, but both the revenue growth and employment growth of women-owned businesses have also outpace

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The Impact of Branding

The Startup Magazine

When it comes to branding, most people think only of what they see in terms of color and logo. While these are a part of branding, there are many other elements that makeup branding as a whole. As a company, your brand is not only about your visual identity but also about your personality. It is how people perceive you. Think about it as an individual person.

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7 Myths And Reality On Employees Thinking Like Owners

Startup Professionals Musings

Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip. What they should be doing is hiring only “entrepreneurs,” meaning people who think and act as if this is their own business.

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Ecommerce Email Marketing: How to Increase Conversions

ConversionXL

As an ecommerce site, you likely send emails regularly. Black Friday emails, Valentine’s Day emails, BOGO emails, confirmation emails , thank you emails, reminder emails…the list is endless. Are you getting real results or simply opens and clicks ? Are you promoting the right products to the right people at the right time? Generating revenue via email marketing requires strategy.

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Diverse Teams: Sunita Cherian on inclusion as a business driver

Transformify

‘’Diversity Hiring’’ series features world diversity and inclusion leaders and their thoughts on diversity recruitment, cultural diversity and equality. Our guest today is Sunita Cherian, Senior Vice President Human Resources at Wipro. What does diversity hiring mean to you? To me, inclusion is all good, and it is good for the business.

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How To Save Money In Business: 10 Tips For Young Entrepreneurs

YoungUpstarts

Small businesses and young entrepreneurs are in a difficult position in the market. They have to make their little voice stand out in an already loud area. And they have to do it fast or else – they’ll run out of money. Around half of all startups fail by their fifth year. Of those, 29% running out of cash as their reason for failure. This explains why saving money as much as you can is important – not only because you have limited capital, but also because you risk losing money the longer you s

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Why Reviews Matter to Your Business

Duct Tape Marketing

Why Reviews Matter to Your Business written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with Aaron Weiche. Podcast Transcript. My guest on today’s episode of the Duct Tape Marketing Podcast is Aaron Weiche, CEO of GatherUp. GatherUp is a platform that helps businesses capture customer feedback, testimonials and reviews.

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Using Bitcoin Profit in Your Startup Financial Processes?

The Startup Magazine

Bitcoin is what is known as a cryptocurrency. It can be used online to make payments if the person receiving the payment will accept the currency.There are currently a number of merchants who are prepared to make trades using Bitcoin and as the advantages of the currency become clear, more and more merchants are coming on board. For startups, the opportunity is twofold.

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Use Key Strategic Elements To Avoid Business Plateaus

Startup Professionals Musings

One of the biggest challenges I find for new business owners is for them to move from working in the business to working on the business. You are so engaged in building and selling your product or service, that you “don’t have time” to focus on strategy and the next round of changes for the business to survive and grow. The result is a business plateau that hits you like a ton of bricks.

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CompPair- Finding the way from the Lab to the Market

Where to Play

The post CompPair- Finding the way from the Lab to the Market appeared first on Where to Play. CompPair develops healable composite materials for extending the life-time of composite structures. Founded by Dr. Amaël Cohades and based on over 12 years of research at EPFL (Switzerland), this startup needs to find the best market opportunity for its innovation.

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Austin-based TrustRadius Raises $12.5 Million in Funding

SiliconHills

TrustRadius, a platform for software reviews, announced Tuesday that it has received $12.5 million in additional funding. The Austin-based company has raised $25 million since its founding in 2012. Next Coast Ventures led the Series C funding round with participation from returning investors the Mayfield Fund and LiveOak Ventures. TrustRadius plans to use the funds […].

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Common Mistakes Startups Need To Avoid

YoungUpstarts

Running your own startup is a unique experience that prepares you like no other for an entrepreneur career path. Startup businesses are often the trailblazers of our times, daring to venture into niche industries and come up with new concepts. Yet being bold will not guarantee success on its own – and this is why most startups nowadays are bound to fail.

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To Niche, or Not to Niche in Your Business?

Duct Tape Marketing

Marketing Podcast with John Jantsch on To Niche, or Not to Niche in Your Business? There’s a big movement today of people selling advice, programs, and courses about how to build your business that all sound like this: “Find a niche, run Facebook ads to this niche. Then become specialized, and get rich.” While I won’t go as far as to call this a marketing scam, I will say that I think it’s bad advice.

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Today’s Inspired Leader – Authors Define Leadership

The Startup Magazine

The word leader brings to many people’s minds characteristics of intellectual strength, decisiveness and focused commitment. The authors of the new book Today’s Inspired Leader published by Fig Factor Media , demonstrate their own personal stories and statements about defining leadership. Below are their definitions of what a leader is and should be: James Oberhofer, a sought-after crew chief in the National Hod Rod Association (NHRA) Circuit.

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What the 5 Stages of Grief Teach Us About Technology

Startup Professionals Musings

How many times have investors heard startups start their pitch by touting that their technology is “disruptive?” What entrepreneurs forget or don’t realize is that most customers are wary of all technology, educating the market on new technology is expensive, takes a long time, and people buy problem solutions rather than technology. Investors will likely wait for more traction.

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Is my business idea feasible? Key questions to ask before you start.

NZ Entrepreneur

Doing a business feasibility study first will help you figure out whether your new business idea is worth your time, energy and money – all very precious commodities. It will help you calculate, analyse and project what will be involved and the likelihood of success. Your big, bold business idea. So bright and shiny, it’s been keeping you up nights.

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The New Order of Silicon Valley: Forget the Silicon Part

Diego Basch

I moved to the San Francisco Bay Area over twenty years ago. Back then I could think of no other place to be; it was the kitchen of the internet. Obviously in hindsight it was a good call. I was fortunate to live through several waves of crazy growth: first, internet infrastructure and basic applications that needed to exist. Then social networks, and finally mobile computing.

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Important Branding Lessons From The Top 5 Retailers In The US

YoungUpstarts

by Katie Lundin of crowdspring. The top 5 retailers in the US made nearly $230 billion dollars in 2018. ( $228.4 billion to be exact.). They must be doing something right. Walmart, Amazon, Costco, Walgreens, and Home Depot have each built strong brand identities and all benefit from powerful household recognition and strong brand equity. As we wrote previously : A brand is the sum total of the experience your customers and customer prospects have with your company.