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Recently, Stu Landesberg, the CEO of Grove Collaborative shared the story of the struggle he faced in raising his series A round. You don’t often hear a founder speak so candidly about this (especially before the final chapter is written) so it’s worth a listen. . We were co-lead investors in Grove’s seed round and actually doubled down in an intermediate round prior to this challenging series A process.
Developing a small business into a successful enterprise demands more than passion. Unfortunately, over half of new businesses fail; mainly because the entrepreneur is unable to translate their passion into practical business skills. Here are five essential skills all entrepreneurs need to build success. Studies show that 30 percent of new businesses fail during their first two years of being open, 50 percent during the first five years and 66 percent during the first 10 years.
Our guest today is Rachael Bozsik , a keynote speaker and thought leadership coach supporting female entrepreneurs. Rachael, hiring freelancers is still seen as risky by many entrepreneurs, especially early on. Why did you decide to rely on gig workers? We have great experience hiring freelancers and the success is credited to strategically recruiting individuals who view their gig work as a creative outlet from their nine to five careers.
Compliance certifications are meant to provide fair playing ground for businesses across various industries, besides ensuring that consumers get the highest-quality goods and services. Business compliance is an all-encompassing term that implies how well a company adheres to laws and regulations imposed by industry regulatory bodies. Typically, legal and regulatory requirements vary from one industry to another.
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
How to Use LinkedIn to Grow Your Network written by John Jantsch read more at Duct Tape Marketing. LinkedIn is a powerful tool for small businesses looking to grow their network. They boast 660 million members worldwide and over 165 million in the U.S. alone. Because it’s a business-focused social network, it’s a necessity for those running B2Bs to have a presence on the platform.
Most of us have blind spots in our ability to build a business, due to lack of experience, too much ego, over-confidence, or unjustified faith in a subordinate. Only a few of the entrepreneurs I have worked with in a decade of consulting are smart and humble enough to recognize that they don’t know what they don’t know, and have an effective process for shining a light on their blind spots.
Anyone who has ever worked or managed an office knows that it can be a tough place to get organized. The organization is vital when it comes to workplace optimization and employee output. Properly organized workplaces are well-oiled machines that provide a nice amount of profit and ROI. There are several different ways to improve your workplace productivity and employee output.
Anyone who has ever worked or managed an office knows that it can be a tough place to get organized. The organization is vital when it comes to workplace optimization and employee output. Properly organized workplaces are well-oiled machines that provide a nice amount of profit and ROI. There are several different ways to improve your workplace productivity and employee output.
by Lu Zhang, founder and managing partner of Fusion Fund. In the startup world, opportunities are fleeting, and obstacles are ubiquitous. Competition from other startups and established incumbents, constraints on time and capital, and limited access to talent and technology resources are just a few of the hurdles nearly every first-time founder faces while trying to build a business.
How do you compete with one of the biggest names in your industry—and with a brand new product? Three years ago, we launched Chanty, a SaaS application for team chat. This was nothing new. Thousands of apps are born and die each year. There was one difference—we were going against Slack, the giant that is the SaaS role model. Call it bold or stupid, but we had our work cut out for us.
Our guest today is Barbara Krecak, an entrepreneur passionate about operations and business development. She is Director of Remote Bob – a company connecting busy London leaders with a high-quality, affordable remote workforce from Croatia. Barbara was the youngest columnist in Croatian magazine “Entrepreneur“ and the youngest Cotrugli Business School Executive MBA graduate.
By Lihi Pinto Fryman, Co-Founder and CMO of Syte. Startup success depends on a many factors related to your vision, product, and market opportunity. But critical capital raising success depends on a separate set of factors. See Lihi’s formula for funding success… Television so often over-hypes real life situations for the sake of entertainment, but the producers of Shark Tank really didn’t have to do much embellishing to make the whole investor pitching process look like a high stake
Software programs are becoming more and more important to the daily workings of our businesses. If the central software of most businesses stops working, the company has to suspend their activities too. That’s why it is important to pay special attention to the software programs we use and make sure they are regularly updated. Sadly, however, many companies fail to keep their software program updates, and as a result, they’ll lose out on a lot of money and make themselves more vulnerable to secu
In general, boards are in the spotlight with a focus on board effectiveness. As the light shines brighter, weak boards stand out more than ever before. As new board directors join the board, they need to be concerned about meeting performance expectations. Risk and liability are also big issues to which board directors need to give their attention. Today’s board directors need to be more well-rounded than ever before.
As a business and entrepreneur advisor, I have no trouble getting owners and managers to agree that change is happening faster and faster in the consumer and technology world, requiring them to keep their business more agile , just to keep up. The challenge is that too many are confused on what that means for them, and what it takes to make their business competitively agile.
We have outlined the top IT certifications that you need to know about this year! Stay ahead of the trends and become certified today! Job listings attract 250 resumes on average. This means your resume could be floating in a slush pile with 249 other candidates. In order to be seen you need to set yourself apart from the rest. That’s where certifications come in.
by Lihi Pinto Fryman, Co-Founder and CMO of Syte. Television so often over-hypes real life situations for the sake of entertainment, but the producers of Shark Tank really didn’t have to do much embellishing to make the whole investor pitching process look like a high stakes game show. Because that’s exactly what it is. I’m speaking from firsthand experience.
There is no legal requirement for nonprofit organizations to have a legal and compliance department; nonetheless, all nonprofit organizations are required to know and follow all state and federal laws that govern them. Not all nonprofits will have sufficient funds or staff to establish a formal legal and compliance department, especially if they’re just starting up.
Day 2 was much, much better than Day 1. It was a day for apps - not causes. Especially vertical apps. Readers know I have been screaming for those. I watched three sessions on Manufacturing, Auto and Energy; Financial Services.
Getting things done effectively in a startup requires total individual and team accountability. You can’t afford excuses and multiple people doing the same job. In my view, “taking responsibility” is the core element behind accountability. Many people hear responsibility as an obligation, but I hear it as “the ability to respond.” Unfortunately many people don’t have the ability to respond, because they lack confidence in themselves, or simply don’t have the skills required.
by Quint Studer, author of “ The Busy Leader’s Handbook: How To Lead People and Places That Thrive “ When Google conducted its internal research study Project Aristotle in 2015, it found that psychological safety — the belief that one can speak up with ideas, questions, concerns, or mistakes without punishment or humiliation — was the most important characteristic in terms of what makes a team productive.
It’s a bit bittersweet. We used to be able to fit all the Lean Educators in my living room and have space left over. No longer. Turns out we needed a bigger room for the Dec 4th-5th Lean Educators Summit. The good news is that if we’ve turned you away or you were on the waiting list we moved to a bigger venue. It’s been almost a decade since we first started teaching the Lean Methodology.
In today’s society, we are all seeking more of the same resource: TIME. In order to balance the various responsibilities at home, at work, and personally, productivity is becoming increasingly essential. At the same time, our lives are moving online. We work there, shop there, create there, and even socialize there. How can we boost our productivity, especially as it relates to time spent on computers?
Traditionally, the majority of entrepreneurs have been logical thinkers, problem solvers, with full attention to details. These are the stereotypical left-brain engineers. Yet I see a big shift from the knowledge age, with its left-brain foundation, to a critical focus today on visualization, creativity, relationships, and collaboration, which are more in the domain of right-brainers.
Running a small business is a rewarding career but can also be quite challenging of a job. All the pressure to succeed is on your shoulders and others are constantly looking to you for direction and advice. You’re going to have a much better chance of growing your company and thriving in your industry when you focus on improving over time. There are a few ways in particular that you can take your business to the next level and win over more customers.
How do you compete with one of the biggest names in your industry—and with a brand new product? Three years ago, we launched Chanty, a SaaS application for team chat. This was nothing new. Thousands of apps are born and die each year. There was one difference—we were going against Slack, the giant that is the SaaS role model. Call it bold or stupid, but we had our work cut out for us.
We live in the Information Age and it would be impossible for a nonprofit to be successful without an online presence. The internet is the best place for nonprofits to get the word out across the miles for the good work that they do. A nonprofit website is the hub where they can educate people about their cause, notify them of important events, seek and collect donations, and gain membership.
Most entrepreneurs believe they are “different,” but they can’t quite understand how. They usually explain it by insisting that they are driven to follow their passion, need to be their own boss, want to get rich quick, or want to change the world. I now believe that the roots of the difference may go back more than 10,000 years, when hunting and farming became two different lifestyles.
by Bill Higgs, author of the upcoming book “Culture Code Champions: 7 Steps to Scale & Succeed in Your Business”. American work habits can seem downright oppressive when viewed from afar. Various reports and studies show that Americans experience a more burdensome work week than many of their peers abroad, spending interminable hours at the office, wolfing down lunch at their desks, letting vacation days expire unused, and answering emails after hours and on weekends.
I wrote last week I am excited about Salesforce's verticals and that I planned to watch many of the industry sessions scheduled at Dreamforce today. However, last year's CEO Marc Benioff's keynote did a really nice job showcasing customer case.
IT is the tool that is allowing you to read this post right now. It’s also what will enable you to get online, communicate with your customers, and perform a myriad of other tasks that your business needs completing today as well. Of course, that means having effective IT is crucial to your business success. Efficacy is not the only concern when it comes to IT, however.
In Part 1 of this two-part series on forecasting, we discussed why it’s important for any size or type of business to get into the habit. Then we looked at four ways to help improve your forecasting accuracy. Here, we delve into the next four. The point of forecasting is to give you a view of what’s most likely to happen in the future – so you can make decisions and plan, based on having the real data rather than relying on hunches.
by Lihi Pinto Fryman, Co-Founder and CMO of Syte. Television so often over-hypes real life situations for the sake of entertainment, but the producers of Shark Tank really didn’t have to do much embellishing to make the whole investor pitching process look like a high stakes game show. Because that’s exactly what it is. I’m speaking from firsthand experience.
Beginners may be intimidated by the process of investing. Investing is one of the best ways to grow your financial portfolio, and it is possible for anyone to learn the basics, even if they do not have very much money to begin with. There are several common-sense principles that new investors should consider before they take the plunge. Prakash Charan, an entrepreneur, and philanthropist describes the steps that novice investors can take to build an investment portfolio and become part of the in
The beginning process of any new venture can be difficult, and mistakes happen. In most cases, you can overcome these mistakes and get down to business. However, with Amazon, these shortcomings for beginners can often come back to haunt you! Amazon is a competitive environment with millions of sellers and even more buyers. While listing on Amazon can open up access to a whole new market for you, simple errors can jeopardize any effort you make to capture these buyers.
As readers of this blog will know, I’m a big fan of Startup Landscapes and I enjoy collecting them. It’s been over a year since my last post on Israeli startup landscapes , so here’s a fresh batch of 2019 market maps. In this edition, you’ll find landscapes for Proptech, Future of Work, CleanTech, InsureTech, Supply Chain, Sports Tech, Retail Tech, FoodTech, AgTech, Robotics, Payments Tech and Fintech.
by John Oechsle, President and CEO of Swiftpage. The holidays are just around the corner and for many small or midsized businesses (SMBs) that means the potential for big sales. Small Business Saturday (held the day after Black Friday) has become a beacon, driving shoppers to seek out and support local small businesses while on the hunt for the perfect gift.
Procurement is an important part of any organization, but too many CPOs get caught up in adhering to a budget or making short-term purchases. To succeed, this role also needs to optimize for collaboration—both internally and externally. With better collaboration, your entire procurement department can run more efficiently, resulting in a better bottom line for the organization and fewer headaches for your procurement team.
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