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ArticleGetting Your Idea Going: How to Validate a Business Idea the Right Way

Getting Your Idea Going: How to Validate a Business Idea the Right Way

Don’t miss out! Check out the previous editions here:

–Getting Your Idea Going: There is no perfect idea
–Getting Your Idea Going: Popular Excuses for Not Starting
–Getting Your Idea Going: When to Jump Ship
–Getting Your Idea Going: Don’t Quit your Day Job
–Getting Your Idea Going: Share your Idea with Everyone


Long before you set up shop and hang your shingle, your job as a Founder is to spend as many cycles as you can validating whether your business idea even merits a logo.

Validating your business idea isn’t a dark art. It’s literally asking people whether they would use or buy what you’d make.

The challenge is: How exactly do you go about doing that? Since most Founders are only validating a business idea for ...



ArticleSmall Business Grants For Immigrants and Minorities

Small Business Grants For Immigrants and Minorities

Looking for small business grants that are geared towards immigrants and minorities? Well, you’re not the only one. Business grants are often described as “free money,” so they tend to be pretty popular.

But, here at Startups, we hate the term “free money.” It’s a word that people throw around a lot when they’re talking about grants. The reason we don’t call small business grants “free money” is because they take a lot of work to get. And there’s a lot of competition, so oftentimes that work doesn’t even result in a payday. Sure, you don’t have to pay back a small business grant the way you do a business loan — but it’s certainly not “free money.”

However, we also understand that minority business grants can really boost a startup, if...



ArticleGreener Businesses Are Growing From the Ground Up

Greener Businesses Are Growing From the Ground Up

Although plenty of established corporations have begun to embrace niche areas of the green movement, they’re often slow to change. Consequently, achieving true sustainability can take a long time — but it doesn’t have to. Thanks to a new breed of disruptive entrepreneurs, the majority of vertical markets are tackling green initiatives and spurring widespread interest in smarter stewardship of natural resources.

This evolutionary process toward greener values, policies, and models hasn’t been lost on stakeholders. From the consumer to the employee to the potential new hire, people universally are increasing their expectations of brands when it comes to aligning with their environmental values. Investors know this innately; even larger ...



Article5 Things To Splurge On For Startup Business Travel

5 Things To Splurge On For Startup Business Travel

What are some aspects of business travel that startup leaders absolutely must invest in to help their companies in the long run?

Almost every traveler has an opinion about what’s worth the splurge, from programs like Global Entry to more indulgent items like upgrades and private guides. But unlike individual travelers, a company can’t use a single nice suitcase or pair of comfortable shoes for all its employees’ subsequent trips, so what should a business spend money on to make travel as productive, painless, and cost-effective as possible?

 

Here are my top five ideas:

1. Time

The old adage is true — saving time means money in business travel. An extra hour spent working is more useful than spending that hour in the back of a taxi or...



ArticleHow To Write A Competitive Analysis For Your Business Plan

How To Write A Competitive Analysis For Your Business Plan

The competitive analysis section of your market analysis in your business plan is essential. Knowing your competition is as important as knowing your product and your customer. Market gaps tell you where to develop your product and internal weaknesses tell you where you’re vulnerable to losing customers.

A solid competitive analysis is your way of showing that you know exactly where you stand among your fiercest competitors — and that you have a way to out-maneuver them. The best way to think of the argument you’re trying to articulate is:

“Here is where we can gain the most customers (offense) and here’s where we could potentially lose them (defense).”

 

Your competitive analysis should start with your SWOT Analysis ...



ArticleRisky Business

Risky Business

In twenty years of covering the startup industry, this may be a first: A top VC advises people don’t follow in his footsteps. Specifically, Union Square Ventures Fred Wilson talks about his route to venture capital and how he succeeded by timing, luck, and taking longer to learn parts of the business than he may have if he’d had operating experiences.

He also talks about the ascendancy of the New York ecosystem, as a man with one of the most valuable front row seats. We talked about the ups and downs of several of his largest investments, including Twitter, Tumblr, Foursquare and Zynga, and he addresses the dangers of a lot of corporate venture capital groups… and putting too much time in building hype.


Fred Wilson: I was a slow starter. I...



ArticleA Simple Guide to Measuring Productivity to Fuel Business Growth

A Simple Guide to Measuring Productivity to Fuel Business Growth

Ever struggled to properly measure productivity within your business? You’re not alone.

A lot of growth-driven business owners have a hard time pinning down the productivity (and efficiency, for that matter) of their team members and of general operations.

As managers, we all care about productivity and the impact it has on the stability and success of our businesses. That’s why we often find ourselves thinking hard about questions like, “What is the monetary value of an employee working at maximum capacity?” and, “What processes are negatively impacting our bottom line because they’re inefficient?”

We all know how to identify productive and unproductive behavior, but the problem is, we don’t all inherently know how to best measure product...



Article13 Key Business Plan Components

13 Key Business Plan Components

As is the case with most big projects, crafting a business plan is one of those things that takes an incredible amount of diligence and no shortage of courage. After all, your business idea is probably more than just some passionless money-making ploy — it’s your dream that you’re getting ready to lay bare for the world to scrutinize!

Never fear!

We have 4 sample business plans here to make it all less scary.

If you approach this with a firm understanding of what key information to include in each section of your business plan and know how each section works together to form a cohesive, compelling, and — above all — persuasive whole, it will make the writing process a whole lot less daunting.

We’re about to help you do exactly that by deconstru...



Article

Choose Your Business Formation: What's a B Corp?

What is a B Corp?

Before we even dive into what a “B corp” is, we need to talk about terminology. Like a C corps or an S corps, people are often referring to a “benefit corporation” when they say “B corp.” But B corp is actually different from a benefit corporation, although they’re related.

A benefit corporation is…

A benefit corporation is a type of formal legal business structure, like a C corp or S corp. In addition to making a profit, shareholders hold benefit corporations responsible to contributing in some way to the public good. In some states, benefit corporations are required to produce proof that they’re contributing to the public good. They’re taxed the same way as C corps, which means they’re subject to double taxation.

Benefit...



ArticleBusiness Loans for Women: What You Need to Know

Business Loans for Women: What You Need to Know

Women are starting businesses at impressive rates — but they’re still not getting as much money to fund those new businesses and startups as men are.

According to research from Kaufman, 40 percent of first time entrepreneurs in the United States are women. Even more impressive? The number of women-run businesses in the US is growing at twice the rate of man-owned businesses.

But women aren’t getting nearly as much money for those businesses as men are. In the startup world, women founders got only 2 percent of VC funding in 2017.

That means women are forced to look to other money sources when they’re looking to launch a startup or small business. And many are looking specifically for business loans for women.

However, there aren’t actually...



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