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Does every startup need an investor?
Does every startup need outside funding? Absolutely not. We can tend to get the idea from news reports and places like TechCrunch and Y Combinator that every startup has outside investor funding. But that is a misconception. There are many successful businesses that don’t have investors. In fact, if you can bootstrap and build your company without ...
47 things you can do to achieve a better work/life balance this year
Because work life balance is such an issue for entrepreneurs, I thought I would compile a list of tips I’ve come across on the net on work life balance in the areas of family, relationship with your life partner, time for yourself and exercise. I hope you will find one or two that work for you, steal them for your New Year’s Resolutions, and turn them into simple routines that will make a difference to your 2011!
Why doing what you love is not enough
Have you heard statements such as “Do what you love and the money will follow” or “Be passionate and you will be successful” ? I think they are misleading. Not because they are not true, but because they are only a third of the truth. Here are the things I think you should keep in mind when choosing a business to start (or a career):
How to set simple goals to grow your business
Everyone knows that to start and run a business successfully you need to have clear goals. But in case your goal setting is not quite working for you, here's something I'm trying at the moment.
100 ways to market your website and increase your traffic
I've just finished dissecting a post called 100 ways to increase your website traffic and picking out ideas that I think will work here. If you are feeling a bit overwhelmed on how to marketing your website, implementing some of these practical ideas will give you a starting point and help you gain momentum.
6 Free (or low cost) ways to test your business idea
I am a great advocate of testing your idea in the market if possible prior to launch. The benefits of doing this are that you get a lot of information that will help you build a strong business. Here are some ideas to help you do just that.
How do you know if you have a great business idea?
Before starting a business, most people wonder if they have a good idea. ‘Good’ is an ambiguous term. It comes laden with assumptions – which could be different from person to person. So I thought I would elaborate on what, for me, a good business idea entails.
Steps to starting a business: Part 3 – Planning and taking action
In the previous post of this series, we discussed how the concept of testing your idea to make sure there is demand for it. Now that you know there is, you want to plan a business that will take full advantage of that demand. Planning will make you aware of the issues and give you the foundation to take the consistent focused action your business will need to be successful.
Steps to Starting a Business: Part 2 – Testing your business idea
Last post, we discussed how the best business ideas solve a problem for someone. Once you have come up with a solution, you need to ask: Will anyone pay for this? Before you invest too much time and money in your business, you need to test whether it is something people are willing to pay ...
Steps to starting up a business: Part 1 – Finding and Developing an Idea
There’s basically 3 steps to starting a business. Completing all these steps before you launch your business gives you the best possible potential for success. Leaving out one of these steps will affect your business negatively – it could mean your business is not as successful as it could be, cost you a lot of money because of mistakes or ultimately force you to close your doors.
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