You know how the rest of that sage advice goes. Dreamers can only take an entrepreneurial venture so far, but that doesn’t mean they aren’t vital. However, dreamers need to be balanced with doers.
It’s the doers who get the funding – and without funding, you don’t have a business. In this video by StartupGrind, founders and investors talk about what actually gets a check written.
George Zachary of Charles River Ventures says he’s just recently figured it out after 17 years of being a venture capitalist: “Almost all the investments I wrote a check into, I had to have the feeling, ‘Would I be a co-founder of this company?’” In other words, are you barking up the right tree with investors?
This doesn’t mean a venture Zachary passed on wa...
Do you find it hard not to micromanage every little aspect of your business?
Are you guilty of wishing that you could just clone yourself?
You’re not alone, but you can become far more effective when you outsource everything you don’t absolutely HAVE to be involved with. Plus, there are some tasks that — sorry — someone else could be doing much better — as challenging as that can be to admit to yourself.
Here are three essential keys to make sure that delegating part of your work is as painless (and even as enjoyable) as possible.
These are the things that you don’t really want to do, but are scared to let go of. Some examples might include work-related minutia, like posting to social media, filter...
Data has shown that companies with more women leaders are also more profitable. At Plated, an NY-based company that delivers pre-portioned ingredients and recipes each week, women leaders are committed to growing and developing a culture of female empowerment and leadership from the bottom up.
BAWS (Bad Ass Women’s Society), Plated’s internal women’s group, was born from the realization that Plated was a first job or a first startup environment for many of the women working in HQ.
“Having this group here to meet and do things every week makes us happier employees who work better together on their own, so the return on investment is clear. Having a support group helps us all work better,” said Elana.
Besides helping the team work bett...
Years ago, I was having ice cream with my wife on a hot summer night and I overheard a group of 16-year-olds talking about how one of them went to work with his dad. I remember him saying:
“I went to his office and it was so boring. Everything was bright lights and pale colors. If I had to be in an office all day I’d make it just like my bedroom and enjoy hanging out there.”
I distinctly remember looking at my wife and saying, “That kid has it figured out. I spend 14 hours a day in a room I don’t want to be in with a job that I love.” I vowed one day to change that.
That was ten years ago. It apparently took a really long time for me to act on this one, but I finally did, and I have to say – the kid knew ...
Cameron Herold is an accomplished entrepreneur and growth guru, having built 4 companies to over $100 million in revenue. He is also the author of Double Double, a guide to doubling revenue and profit in 3 years. Cameron sat down with us to share three of his best growth strategies for building a successful company. Read more below or watch the full video here.
Create a Vivid Vision
This “vivid vision” is a 3-4 page written description of exactly what you want your company to be three years from now. More specific than a mission statement, this paints a picture of your ideal company and makes it easy for employees to work towards that vision. Once you have the final plan, it is easy to reverse engineer and create manageable steps to get to...
Every year, we’ll hear people declare that SEO is dead. Well known entrepreneur Gary Vaynerchuk has declared that its been dying for quite some time. It might be changing, but it’s not dying. Not even close.
Wouldn’t we all love to go back to the late 1990s and early 2000s – a time when simply stuffing keywords into a website’s meta tags, footers and CSS files was enough to guarantee high rankings in the search engines? Not to mention getting paid big money for these simple hacks.
As search engine algorithms have become more sophisticated, most of these tricks have died out. You’ve probably already heard the tagline “SEO is dead”, but for some reason the mindset still persists that figuring out the latest on-page tweaks is the key to natura...
Making a difference and making a profit don’t have to be mutually exclusive. In fact, in today’s environment, it’s now status quo to aim for both. Contrary to the viewpoint of our parents’ generation (make money first, then give back), today’s wave of entrepreneurs embed causes into their business models as part of the company DNA — not as an afterthought.
In 2008, I witnessed firsthand many of my peers launching innovative, socially conscious companies in genres such as fashion, retail, and e-commerce; each had a vision to make a difference in the world while creating a profitable business.
Unfortunately, I saw many of these business models fail due to an improper understanding of market forces, unit economics, or undifferentiated value pr...
Jukedeck lets you create unique music for your online video.
I have watched more startup explainer videos in my life than anyone should ever be subjected to. I mean, it’s a hazard of the job, right? When you write about startups, you inevitably end up watching startup explainer videos. As a result, I’ve seen the full gamut — the good, the bad, the hilarious, and the trying really hard to be hilarious but totally failing. I’ve also seen so many trends come and go. And, of course, I’ve witnessed the ones that just won’t die.
One of those trends with nine lives is, unfortunately, what I call “tinkly” music. (I’m sure it has an official name, but this is my column so I’m all...
It’s hard to decide who has changed the most in the last 12 years: Thrillist or its co-founder and CEO Ben Lerer.
Back in 2004, Thrillist was frequently described as the male equivalent of DailyCandy, a female oriented email newsletter that sold for $125 million only to be killed by Comcast. To be clear, that is still one of the largest content exits in the Web era, and it inspired plenty of envy at the time. Many expected Thrillist to be flip-bait as well.
Fast forward to today and Thrillist has raised more venture capital than that DailyCandy acquisition– much of it during a $100 million mega round announced last year. That deal rolled up Thrillist and three other media platforms into one company called Group Nine, and Discovery inv...
When you’re launching a travel business, there are many “what ifs” and “what nows” — especially if you’re a rookie. It’s almost too easy to get caught up in the excitement. Whether you’re trying to build out too many related products before perfecting your core business, struggling to gauge the strength of a potential partnership, or micromanaging your staff, it might be a good idea to take a step back and gain a little perspective from the pros.
After all, those pros started out where you are now, and many are willing and eager to help others get on their feet. So don’t be afraid to reach out within the tight-knit entrepreneurial community to seek advice because almost nothing is more valuable than help from someone who has been in the tre...