January, 2018

article thumbnail

10 Outsourcing Myths Jeopardize Too Many New Ventures

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure.

article thumbnail

The Digital Transformation Is Affordable For SMBs: Where To Start In Your Digital Strategy

YoungUpstarts

by Humberto Farias, CEO and co-founder at Concepta. The digital revolution is disrupting the traditional business model for small and medium businesses (SMBs). Buzzwords like data science, artificial intelligence, and predictive analytics are being used by big companies with the ability to invest. This investment in a refined digital strategy is setting large companies up to satisfy needs only an SMB used to be able to.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

WP Engine passes $100M in revenue and secures $250M investment from Silver Lake

A Smart Bear: Startups and Marketing for Geeks

People said there’s no money in hosting. WordPress is just a toy. After the success of Smart Bear, I should be setting my sights on something big, not this. I’m sure people said similar things to Heather when she joined as our CEO. The Silicon Valley-oriented technology press outlets don’t cover us because we’re not in San Francisco, even though we’re more successful than most of the startups they cover.

Engineer 152
article thumbnail

Announcing NextView Operator Guilds

View from Seed

When we create new platform initiatives, our team tries to think about how we can be the most impactful with our portfolio companies. We don’t sit in a room and pontificate about what they need — we just ask. And they tell us over and over again that they just care about four things: Hiring and developing a great team. Building a great product.

article thumbnail

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

article thumbnail

How Many Hats Should You Wear? When to Outsource As an Entrepreneur

Up and Running

It’s never been easier to start your own business. With the range of financing options out there and free online tools available, pretty much anyone with a great idea and a solid head for business can take the first steps into entrepreneurship. There are a lot of different tasks that entrepreneurs need to attend to when building a business, particularly at the beginning.

article thumbnail

21 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Each business has a story. No matter if the business is a Goliath like Wal-Mart, or a local business owned by a couple or family, the business has roots in an idea. For each business owner, the story of their journey can range from monetary needs or the passion for a unique project. Each story is different though the reasons may be the same. No matter the tale, the background behind each and every business is what fuels each and brand.

More Trending

article thumbnail

Internet of Things: The Skills Connected Companies Look For In Young Professionals

YoungUpstarts

by Nicolas Windpassinger , author of “ Internet of Things: Digitize or Die “ Everyone speaks about the Internet of Things, by now most people know what it is and some start-ups and young professionals are knees deep in IoT. If it’s relatively new for you, I’m sure that you know and probably have or use one or more consumer IoT applications, maybe even without realizing it.

Internet 150
article thumbnail

A weekend with inspirational ladies

deal architect

Two books and a movie were the highlight of this long MLK weekend. The common theme – ladies in business whose grit and determination can inspire anyone of any gender, age, race, political belief. First, a couple of personal perspectives.

304
304
article thumbnail

Innovators podcast @ Stanford

Steve Blank

A fun interview at Stanford about some old things and new ones. [link]. Founders. 2:15: Founders and dysfunctional families. 3:55: Operating in chaos. 7:18: Mentorship is a two-way street. 11:50: Founders are artists. 14:03: Failure=experience. 17:27: Rules for raising a family if you’re a founder. Startups. 19:25: Startups are not smaller versions of large companies. 22:03: How I-Corps and H4X were born. 26:25: Your idea is not a company. 31:19: Why the old way of building startups no lon

Lean 201
article thumbnail

How to Set Clear and Actionable Goals for Your Business

Up and Running

When you look back over this year, how happy are you with your business’s performance? Are you patting yourself on the back, having nailed every goal? Smiling as you look over your long list of milestones achieved? Resting on your laurels? If the answer is no, then you’re like many business owners who struggled to hit their business targets. You know exactly what you want—a bigger business, larger per-customer sales, more leads, higher profits—but you struggle to meet your goals.

article thumbnail

24 Entrepreneurs Explain What They Love About Being An Entrepreneur

Hearpreneur

Being in love is great. Being in love with your business, when you’re an entrepreneur, is even better. Waking up each morning knowing you are getting to do exactly what you love is more than most people could ever say about any “job” they have had. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality.

article thumbnail

10 Startup Strategies To Minimize Cash Flow Disasters

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and there are some good ones I will outline here.

article thumbnail

6 Tips For Starting A Business On A Budget

YoungUpstarts

by Lewis Robinson. Starting a business on a budget is a formidable challenge, but it certainly is possible. It’s much easier when you don’t require lots of space or expensive equipment. Even so, there are some strategies you can employ to avoid breaking the bank. Here are some tips for bootstrapping your business. 1. Work in a Spare Room. One of the best ways to save money is to run your business out of your home, at least during the startup phase.

article thumbnail

Salesforce Analyst Summit: A solid B

deal architect

I prefer going to vendor analyst summits over user conferences. I always feel like I am intruding on customer time at conferences. Salesforce hosted an analyst summit last week. Here are my scores: Venue: A The venue was to say.

Hosting 259
article thumbnail

It Can All Go To Zero

Feld Thoughts

Perspective can be a useful thing. Cryptocurrencies have had a bad 24 hours. Last night Amy and I watched The Big Short for the second time. If you’ve never seen it, it’s a must watch movie. If you haven’t seen it in at least a year, watch it again. While the events are from 2005 – 2008, they feel like they happened yesterday.

Stock 134
article thumbnail

Should You Launch a Writing Business in 2018?

Up and Running

“Every company is a media company,” Tom Foremski, ex-FT journalist and the editor of Silicon Valley Watcher, said a decade ago. He meant that increasingly, even companies that aren’t concerned with news or journalism must be able to make meaningful connections with customers with the written word. Given the growth of content marketing, blogging, and social media, it seems pretty clear that the demand for good writers will remain high.

article thumbnail

Top Two Reasons for Churn

For Entrepreneurs

In working with a number of SaaS portfolio companies, I have found that there are two causes of churn that occur more frequently than any others. They are: Failure to successfully onboard the customer Loss of the champion who drove the purchase Looking at these in order: Failure to successfully onboard It’s easy to understand.

Portfolio 161
article thumbnail

10 Signs That The Age Of The Entrepreneur Is Here Now

Startup Professionals Musings

With the current strong economy, and sparked by the last recession, I’m seeing a real resurgence of entrepreneurial spirit, and more startup activity than ever before. I believe the days of the “job work” mentality are thankfully waning, with more people looking to get satisfaction by making the world a better place, rather than just tolerating brain-numbing work to fund enjoyment elsewhere.

article thumbnail

7 Easy Ways for Small Businesses To Increase Their Revenue

YoungUpstarts

by Brian Sutter, Director of Marketing, Wasp Barcode Technologies. These days, almost every business has to evolve. Someway, somehow, over the years things change. And if you want to change with them (or maybe just retire), usually it takes a little money to make it happen. And so you need more sales. More revenue. 2017 has been a good year for growing revenue. 69% of small business owners expected revenue growth this year.

Revenue 174
article thumbnail

Enterprise Software Platforms have underperformed

deal architect

My first exposure to a software “platform” was back in 1983 when McCormack and Dodge introduced Millennium and started to migrate all its modules to have the same look and feel, extensibility, queries and other features. I was part of.

Software 512
article thumbnail

25 education trends for 2018

This is going to be BIG.

Year after year, educators and those invested in education love to speculate about what will take off in the near future. And as far as riveting news goes, nothing quite peaks the interest like new trends that have the potential to fundamentally change learning. In almost all of the commentary from both educators and industry, the mention of AR and VR for 2018’s big trends were ubiquitous.

Media 160
article thumbnail

How to Start a Small Web Design Firm

Up and Running

For web designers, transitioning from working full-time for someone else to freelancing has some perks, like being your own boss and having a more flexible work schedule. But you’ll also be in charge of every aspect of running your business and making hard decisions which can impact the success and growth of your company. Once you’ve decided that you’re ready to start a small web design firm, you’ll need to develop a host of skills to help you run a successful business, including time management

Web 86
article thumbnail

What Top Performers at Startups and Large Organizations Have in Common…More Than You Would Think

Startup Lessons Learned

While doing research for his extraordinary new book, Great at Work , Morten Hansen studied more than 5,000 managers and employees in corporate America to identify the key practices that explain why some perform better than others. What he and his research team discovered is that seven key practices explain a whopping 66% of the difference in performance among people in the sample.

Metrics 349
article thumbnail

10 Keys To Finding That Perfect-Fit Business Partner

Startup Professionals Musings

In my experience, the initial idea for a new product usually comes from a single entrepreneur, but the implementation plan for a new business requires a team, or at least a co-founder. The reason is that any one person rarely has the bandwidth, interest, or skills to manage all the tasks required to build a business. Thus I find that two heads are usually better than one in a startup.

Partner 139
article thumbnail

Five Must-Have Tools For Virtual Businesses

YoungUpstarts

We live in an online world. The Internet has evolved from a useful tool to a necessary component of everyday life, whether personal or professional. That’s why so many entrepreneurs no longer have a traditional office to host their business operations. Having a virtual office reduces the limiting overhead costs associated with starting and running a business, including rent and equipment.

article thumbnail

Why technology financial reporting needs to evolve

deal architect

I started my career at PwC as an accountant. I kept renewing my CPA certificate for a decade after I had moved to the technology consulting practice. These days, I listen to (some) quarterly earnings calls of vendors I analyze.

article thumbnail

6 things you should negotiate for as a freelancer (that aren’t money)

The Next Web

When business professionals do well at their jobs, they get to negotiate for a higher salary at their next review. When we freelancers do well at our jobs, we usually don’t get that kind of adjustment option. Worse yet, many freelancers get sucked into working for free. Recent research from Approve.io found that 70 percent of freelancers were propositioned to work for free in 2016.

Salary 151
article thumbnail

How to Map Out an Ecommerce Business Plan in 1 Hour

Up and Running

Every successful ecommerce business needs to begin with a plan. After all, if you have no direction, how can you be sure when you’ve reached your destination? Plus, research shows that people who plan are more likely to be successful. The first step, therefore, is to fill in the details and create a structured approach for launching your online business.

article thumbnail

5 Ways To Get To Know Your Ideal Customers Better

YFS Magazine

How well do you know your audience? The better you know your customer, the easier it is to implement a successful marketing strategy and connect directly.

Customer 137
article thumbnail

6 Hurdles For Going Public Through A Reverse Merger

Startup Professionals Musings

With the current strong economy, as an active startup mentor, I’m seeing a new surge of entrepreneurs and startups, with the commensurate scramble for funding. There just aren’t enough angel investors and VCs to go around. Thus I’m getting more questions on new mechanisms, like crowd funding, or going public through the side door as a reverse merger.

Merger 198
article thumbnail

Why You Should Encourage Customer Reviews (And How To Do It)

YoungUpstarts

by Megan Headley, Research Director at TrustRadius. There’s no two ways about it: the Internet has changed how we do business. Now consumers can order a product online and have it sent to their home the same day, access streaming media in a split second and even hire someone to do their shopping for them if they don’t feel like it! Now that’s diversity of service!

article thumbnail

SAP: When you come to a fork in the road, Take it!

deal architect

“Who pays when the SAP data center goes on strike and the solution is down?” Data Center going on strike? That portion of a quote from Hermann-Josef Haag, spokesperson for the DSAG HR management working group made me stop in.

article thumbnail

How not to completely fail as a digital consultant

The Next Web

It’s 10pm on a Wednesday evening and your phone starts buzzing. No, it’s not one of your friends sending a nice and cheesy “Sleep tight!” text that will make you smile. It’s the owner of the new business that you’ve taken up as a digital consultant. You know the best choice right now would be to ignore that message because it’s too late, because it’s not the way you agreed to communicate and because you have other, better things to do.

Web 144
article thumbnail

How to Set Smart Business Goals for 2018

Up and Running

There’s nothing like the start of a new year to get us all goal setting like crazy. I don’t know about you, but I can count the number of New Year’s Resolutions that I’ve made and actually kept past January on the fingers of, well, one finger! So why is it that we find goals so exciting to make, but so difficult to actually achieve? Well, there are a number of reasons but mostly, it’s because the goals we set just aren’t smart.

Metrics 147
article thumbnail

Unsexy Fundamentals Focus: User Experiences That Print Money

Occam's Razor

Like me, I'm sure you are working on complex challenges when it comes to data. Multi-petabyte data warehouses. Multi-touch, cross-channel attribution analysis. Media mix modeling. Predictive analytics. Human-centric analysis. Oh, and let's not forget the application of machine learning to every facet of your work. It is genuinely fun to work on these opportunities.

Analytics 135
article thumbnail

5 Key Decision Points Highlight Great Venture Leaders

Startup Professionals Musings

Most aspiring entrepreneurs are convinced that the strength of their initial idea somehow defines them as a leader, as well as the success potential of their derivative business. In my experience, it’s a lot more complicated than that. It takes leadership ability, as well as a good idea, to make a successful entrepreneur, and great leaders evolve from key leadership decisions along the way.