BEFORE YOU START YOUR BUSINESS

GET Image “Stop telling an investor you are solving a problem…” If you don’t have that rich uncle or parents to give you all the money you will need to start your business, you probably have one or two options left to finance your dream business. Part of which include diving into the investor pool.  If getting an investor is your desired path there are several mistakes you need to avoid. Make no mistake; every time you go in front of a venture capitalist or an investor, your funding fate is driven not by your company’s true potential, but by how well you communicate that business potential. A great business pitch is a great performance. Your top priority is to ask yourself what do i need to say to get my investor’s juices flowing? A great business often is buried behind a bad pitch to investors.  McAdory Lipscomb Jr, of Accenture’s global lead capital investment had worked with hundreds of CEOs for many years, and had s...

"To get big you must first start by addressing a small market." Anyone that advice the opposite is trying to kill your business growth.   To create the aforementioned whole product, a start-up (business) usually needs to attract a corporate partner to provide complementary products and services. Unfortunately, managers at large companies often consider small companies inferior and therefore not worth their time. The only way to attract them is to dominate a market the big companies want to enter. And the only way for a small company to dominate a market is to initially pursue a small one. Over time, the small market and the small company get big, together. To build a successful business, you must be non-consensus and right.  This is an excerpt from my newly published BUSINESS GROWTH ebook, i strongly recommend: BEFORE YOU START YOUR BUSINESS (12 proven secrets for business success as shared by business gurus) Available on Amazon Kindle

  "For a business to succeed it must be founded inside a profitable, sustainable market."   Few business founders are clear-minded enough about these 3 non-negotiable fundamentals, which in return had led to high volume of venture failures all over the world. Why do so many new ventures fail, even with so much money available? In other not to be part of global venture failures you know and act on the following facts; 1.    Get the team right. When it comes to maximizing the chances of success, most new venture teams are constructed almost randomly, whether it's dorm mates deciding let's do this, or guy with money meets guy with idea, or frustrated employee strikes out on her own and takes colleagues with her, such groupings carry little assurance that the team will actually be capable of building a successful new venture. There is however a founding team combination that works--one that we've looked at previously. Every successful new venture needs a visio...

"Starting a business is risky. One study found that 25 percent of new businesses fail within their first year, and 50 percent fail by their fourth year." If you plan on defying the odds and creating a successful business, you need all the help you can get. Don't be a startup failure. Defy the odds and create a successful business by using these 5 tips: 1. Pick the Right Industry There's a great book called ‘Delivering Happiness’ by Tony Hsieh, the CEO of Zappos. The book describes how before Zappos, Hsieh created a company called LinkExchange that he sold to Microsoft for $265 million. Afterwards, he didn't know what to do with his time, so he became a professional poker player. What he learned in Vegas was that his job was not to be the best poker player in the world. His job was to pick the right table. If he sat down against eight other professional poker players, he would get up and find another table with weaker players. In order for your business t...

B usiness owners, more than anyone, need to be empowered to succeed. Often time’s young business owners often have great ideas but don’t know how to get out there and do it themselves.  Here are 3 ways to get yourself empowered for business success. 1.    TAKE RESPONSIBILITY FOR LEARNING WHAT YOU NEED - Nobody will teach you until they know that you have an idea about it. Business owners rarely suffer from a lack of academic or intellectual skills. But, more than anything, business owners need practical skills.  They are all about getting things done, and that usually means learning on the go. Becoming fluent in social media marketing is a necessary skill that many, especially older business owners still need to learn.   You may not have the money to pay someone to teach you, either. This is when it helps to network with other business owners willing to exchange knowledge and information. You help them and they help you back. As a matter of fact, i ...

It is very EASY to be a Business Owner anywhere in the world; but to be a Successful Business owner...It is very DIFFICULT 5 Things to Know Before You Start A Business Over the years i have taken time to research about what it takes to start a successful business and here are the secrets of business successes i found all over world. These are the same secrets adopted by successful business owners all over the world. Sir Richard of Virgin, Elon Musk, Mark Zuckerberg, Mark Cuban etc  If you don't want to end up among the failed business owners you need to pay good attention to the followings:            1. Why Do You Want To Start A Business?       If you start a business based on the fact that you want to make MONEY, the business is 80% a failed venture already. There are some reasons for starting a business, that many business gurus around the world have discovered that are POISONOUS or TOXI...