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At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim.
These days, it is almost impossible to find a small business where everything is done by full-time employees, in the office or at home. 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.
If you have specialized knowledge in a particular field owing to advanced degrees in that particular subject, or have extensive real-life practical experience in a specific area, you might want to put it to good use by considering launching a tutoring business. Photo by Andrew Neel on Unsplash. A tutoring business can be online, in-person, or a mixture of both and will depend on both the client and your preferences.
Short of declaring failure and shutting down your company, laying off employees is the worst thing you may have to do as a startup CEO. I’ve had to lay people off on three separate occasions. It was difficult and emotional—those days were the worst of my career, and probably rank in the top 10 worst days of my life, period. This isn’t firing for cause—employees aren’t being asked to leave because of their own failings.
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
Remote interviews are a great way to get in touch with candidates who may not otherwise be able to come in personally for an emergency or any valid reason. The post 5 Expert Tips For Conducting Remote Interviews appeared first on Young Upstarts.
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.
Today’s consumers rely on their smartphones for information about stores in their neighbourhood. Google has a vibrant online presence in every local community, which means that business owners can leverage it to promote their stores. Not only can Google Ads help businesses reach customers who are searching for what they want online, but it can target customers in a precise location, increasing the likelihood of conversion.
Today’s consumers rely on their smartphones for information about stores in their neighbourhood. Google has a vibrant online presence in every local community, which means that business owners can leverage it to promote their stores. Not only can Google Ads help businesses reach customers who are searching for what they want online, but it can target customers in a precise location, increasing the likelihood of conversion.
I am looking forward to the Salesforce event next week, and expect to be spending time in the “Industries” Zone in the Dreamforce Campground. My FitBit is going to be pleased - the Campground is 40,000 square feet in size!
Bad things happen to otherwise solid companies all the time. But a strong brand identity also serves as a shelter for any number of future storms, says Joe Kohn. The post The Hidden Benefit Of A Solid Brand Identity: Crisis Protection appeared first on Young Upstarts.
As a mentor to aspiring entrepreneurs, the most common question I get is, “I want to be an entrepreneur -- how do I start?” The obvious answer is that you need an idea first, but I’ve come to realize that the process is really much more complex than that. Many people with great ideas never make it as entrepreneurs, and true entrepreneurs can make a business out of anything.
The deadline for YCombinator applications was this week and Paul Graham, the founder of YC tweeted that if he had to distill the most important advice he has for startups it would be the title of this post: “Explain what you have learned from your users” It may sound trivial, but many products/startups that no longer exist have ignored this advice at their peril.
As we have moved to virtual briefings, I have increasingly been excerpting short video segments (with permission) as part of my Analyst Cam series. This time it is David Fan, GM of the Salesforce Communications Cloud He discusses trends in.
Boss vs leader: Here is an infographic listing out the key characteristics that differentiate a boss and a leader. The post [Infographic] Boss vs Leader: The Never-Ending Battle Between Power And Leadership appeared first on Young Upstarts.
With the current volatile 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.
Krezzo Co-founder Stephen Newman talks cross-departmental operational alignment with OKRs (Objectives & Key Results). When start-ups begin to scale, one of the first things that becomes a big problem is keeping track of the core business priorities and performance across teams. When implemented and adopted successfully, OKRs essentially becomes your company’s playbook enabling your company to focus more on solving problems than doing homework.
There’s something exciting about moving into a new apartment. Not only do you get to redo your living space, but you get to explore a whole new neighbourhood. Whenever you move into a new building, it is important to take note of the security features. While most apartment buildings already have communal security features like CCTV cameras in the hallways, it is essential to safeguard your apartment from burglars.
Is your business equipped for growth? Here are four ways to prepare your company for growth and success. The post 4 Ways To Prepare Your Organization For Growth And Success appeared first on Young Upstarts.
This motivational video is to help CEOs, entrepreneurs and business owners start the week off inspired to become great. Here are some takeaways from the video: Don't settle for less when there is so much more available to you. Don't let your dream go. Make it your passion to not allow happiness to pass you up. There is more to your life than hard times.
An Empowered Product Team’s Pledge To Customers As a company moves from sales-driven feature teams to empowered product teams, there are some fairly significant changes to how the product teams need to interact with customers. Most of those changes are not directly visible to the customers, as they involve how product teams do their daily. The post Pledge To Customers appeared first on Silicon Valley Product Group.
A home mortgage refinancing allows you to save money or tap equity you can use for your startup business. A mortgage refinance replaces your current home loan with a new one. Refinances enable you to reduce monthly payments, lower interest rates and take cash out of your home for large purchases. A home refinancing pays off your initial loan, allowing you to get a new one.
Businesses should continue to invest in growth strategies because there are — in the current economy — still plenty of opportunities for most companies in most industries. The post Companies Must Focus On Growth, Not Recession appeared first on Young Upstarts.
The Four (!!!) Checks I’ve Written The Company Since Saying “No,” Never Bought Me As Much As Saying “YES!” Would Have In The First Place. An Investor and a Founder Postmortem a Mistake. The common VC passes are pretty cliche. “It’s a bit too early for us but we’ll be rooting for you from the sidelines,” “We were intrigued and impressed but just can’t get there at this time,” or just plain ghosting you without any feedback.
Today, alternative payment methods are very popular. They allow customers to pay for goods or services in any way other than cash or credit cards. These types of payments are popular with people who do not use cards or other popular payment options. In this article, we’ll look at the most popular payment methods and why you might use them. Source: Pixabay.
Every business wants a productive workplace. Here are five tips to make the office more productive and help you use your time efficiently. The post 5 Ways To Improve Productivity In The Workplace appeared first on Young Upstarts.
Weekend Favs September 10 written by John Jantsch read more at Duct Tape Marketing. My weekend blog post routine includes posting links to a handful of tools or great content I ran across during the week. I don’t go into depth about the finds, but I encourage you to check them out if they sound interesting. The photo in the post is a favorite for the week from an online source or one that I took out there on the road.
Are you frustrated by the fact that as a startup owner, it’s tough to establish commercial credit? Unfortunately, a large percentage of independent owners of new companies discover that it can be a major challenge to put their company on the radar of major credit bureaus. Many businesses have a harder time building credit than individuals do. However, there are a few specific business credit tips entrepreneurs can take to establish credit for their startups.
Businesses have gone through undoubtedly tough times lately, having had to contend with the COVID-19 pandemic and, more recently, rising inflation. With Reuters having recently warned that “rampant inflation is here to stay” and “will take an extraordinary effort” to tame, your own business needs to make sure that it is eking as much value […].
It happens all the time when you’re a CEO or manager. . Somebody important leaves or is let go, and you worry over the impact upon remaining employees and customers. You worry that the person leaving will begin to unload all the pent–up garbage from the past, perhaps damaging the company and causing customer defections and even employee unrest. Your worry is real. .
?. Repeat after me – the job of an entrepreneur is not to do the job, it’s to be the creator of jobs. Do you know only 14% of people will ever start a business? And only 20% out of that will build a sustainable, profitable business. . The rest of the folks are looking for good, reliable jobs with good, reliable companies. . Entrepreneurs are in the unique position to create employment opportunities not just for themselves, but others as well.
Manually writing hundreds of paychecks every month? With check printing software, you can save your business time and money, boosting productivity. The post How Do You Use Check Printing Software? appeared first on Young Upstarts.
When we first met Abhinav Kapur, we were immediately drawn to his mission to empower restaurants with data-based insights. Years earlier, he had founded Bikky after being inspired by his mother-in-law and the New York City restaurant she’s owned and operated for over 20 years. The secret to her success? She builds and nurtures relationships with her guests.
?. I think the common thing that entrepreneurs get wrong is that we think we need to do all the things. . Reality check: You only need to do one thing. And better than anyone. . Like really well. Because you don’t want to be a jack of all trades in all things, you want to be an expert in one thing. . You want your company to be better than the others.
Data quality management and maintenance is a complex and continuous process. Assess your data frequently using the right metrics to help you achieve your goals. The post 6 Best Practices For Data Quality And Maintenance appeared first on Young Upstarts.
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