When it comes to make most out of a startup investment, you must explore all the areas which can help minimizing the risk associated with the startup. One such area is “Founder’s profile”.
Drill into the track record of the founders; and it will certainly give you some hints about how successful the startup can be.
While doing appropriate due diligence, looking at the people behind the company is the most critical factor, especially for early stage companies. This is mainly due to the fact that products need to be iterated several times until they are able to find where they fit in the market.
As Jim Collins writes in his book “From Good To Great”, “it is all about having the right people sitting in the right seat”. As you explore the founders’ profiles, you will find the right direction to move.
In order to scan founders’ profiles effectively, focus on their background story, i.e. previous ventures, companies they have worked for, education etc. Also look into the business networking sites, like Linkedin to check what recommendations they have received!
Did you know that diversifying your investments can reduce the risk?
Thursday, December 8, 2016
Tuesday, November 22, 2016
Small Business Success is All about Mindset and Positive Thinking
Every entrepreneur starts a venture with an aim to success, but many lose consistency and cannot make it. Well, there can be various reasons for failure, including budget constraints, idea not being valid, natural disaster or so on. But many times, the failure happens just because of negative thinking and fears!
Explore just any small business help resource; staying positive is the first tip that every expert gives! It’s the mindset that helps you with the positive thinking, which leads you towards success with confidence.
“Our first three years were brutally tough… every day was about survival. Then I remembered a lesson from my father. Your mind is everything, yet it’s not what you know, but rather how you deal with it. It is about your mindset and positive thinking.” – (Starts at 2:43) Clate Mask, Founder and CEO, Infusionsoft
Explore just any small business help resource; staying positive is the first tip that every expert gives! It’s the mindset that helps you with the positive thinking, which leads you towards success with confidence.
“Our first three years were brutally tough… every day was about survival. Then I remembered a lesson from my father. Your mind is everything, yet it’s not what you know, but rather how you deal with it. It is about your mindset and positive thinking.” – (Starts at 2:43) Clate Mask, Founder and CEO, Infusionsoft
Monday, November 7, 2016
10 Small Business Blogs You Must Explore for Amazing Ideas
Whether you are one of the wannabe entrepreneur or have already started up your venture, you always need guidance and advice to run your business efficiently and to get that, the best idea is to keep reading.
Here's my list of 10 amazing blogs to catch up on advice and tips for small and micro business operations:
Here's my list of 10 amazing blogs to catch up on advice and tips for small and micro business operations:
Monday, October 10, 2016
Small Scale Vegetable & Fruit Mart in Rural Areas; a Profitable Opportunity
If you are living in a rural area or a locality in the suburbs
of a city where the life is not as faster as it is in the city, you are lucky
to have the opportunity to start your own business that addresses the problems
of people with the locality.
If you happen to explore the lists of small
business ideas for rural areas, you will find vegetable and fruits shop
is part of almost every list. This is because, fruits and veggies are basic
needs of almost every household and so the business cannot be a flop!
Moreover, it’s up to your entrepreneurial skills that how
well you make your veggies and fruit mart different from those others; you may
offer clean, well packaged, fresher and organic products to beat the
competition!
The business is really simple to do and requires little
startup capital, i.e. you can start from a small mobile kiosk even, but to turn
it into a big success, you need to go an extra mile, i.e. you may offer free
home delivery, weekly or bi-weekly packages etc.
Think out of the box to make your small veggies mart a big
success. Here I am sharing some links to help you get started and run it more
effectively.
Monday, August 29, 2016
Starting a Mobile Beauty Salon in Chicago
Doubts apart, women love to look good, even during the
recessions they manage to save enough money to spend on their beauty regime.
So, starting a business targeting such women is surely going be a successful
idea!
This is the case in almost all big cities and such a
business can go great in Chicago too!
If you live in Chicago and love to explore the beauty
industry and want to start your own business and have explored tons of small
business ideas for Chicago, you may find the idea of mobile salon simply awesome!
Most seniors and even stay-at-home moms will always love to look
good without having to leave their homes for the salon. Moreover, the working
women who find it difficult to manage time for salon because it’s far away,
will love to try your mobile salon as it is spotted right in front of their
office.
Here are some useful reads to help you start your mobile
salon:
With the changing trends and ever enhancing technologies,
people are more comfort loving and so they look for mobile businesses to buy
products and services from. Probably, that’s the reason, Angelica
is recommending a mobile food truck business for Chicago.
Wednesday, August 24, 2016
Pets Related Business is a Real Win in Cities Like New York
Well, that's what I believe at least..... as I have spent tons of hours on various researches and found that big cities have big opportunities, not just for humans related stuff but also for pets....
Thousands of people if not a hundred thousand own one or more pets, but life is so busy in big cities like this that they need services for their pets too, let it be dog walking, pet grooming, pet training or whatever else..... there're always opportunities and they are growing.
So, if you are actually looking for small business ideas for New York or for another big city like this, you must look into the opportunities pets sector is bringing for you. This link can help you with more insights on starting and running dog walking business.
Not for all, but for pet lover, it would be a breakthrough, for sure!
And yes, alternatively, you may choose for niche blogging as a business, as one of my friends suggest!
Thousands of people if not a hundred thousand own one or more pets, but life is so busy in big cities like this that they need services for their pets too, let it be dog walking, pet grooming, pet training or whatever else..... there're always opportunities and they are growing.
So, if you are actually looking for small business ideas for New York or for another big city like this, you must look into the opportunities pets sector is bringing for you. This link can help you with more insights on starting and running dog walking business.
Not for all, but for pet lover, it would be a breakthrough, for sure!
And yes, alternatively, you may choose for niche blogging as a business, as one of my friends suggest!
Tuesday, January 19, 2016
3 Small Business Ideas for Mumbai & Pune that Have Big Potential
Small business is most popular in both Pune and Mumbai because, people love to buy local and authentic. Thought the massive economic development brought huge changes in the manufacturing and marketplace, small business has its own perks.
We at StartupGuys.net conducted a research to find the best small business ideas for Mumbai and small business ideas for Pune and happen to develop extensive lists. Out of that here are top three small business ideas which I think have really good potential.
1- Poultry Business; It does require some investment, but starting small is the best idea. All the restaurants and poultry shops are idea clients as well as households if you get them competitive price.
2- Broadband Internet Provider: Because everyone needs high speed internet!
3- Taxi/Car Hire Service: Buying own car is expensive, but people need it often, so provide them this!
Do check my other post about Popular Small Business Ideas for Mumbai & Pune.
We at StartupGuys.net conducted a research to find the best small business ideas for Mumbai and small business ideas for Pune and happen to develop extensive lists. Out of that here are top three small business ideas which I think have really good potential.
1- Poultry Business; It does require some investment, but starting small is the best idea. All the restaurants and poultry shops are idea clients as well as households if you get them competitive price.
2- Broadband Internet Provider: Because everyone needs high speed internet!
3- Taxi/Car Hire Service: Buying own car is expensive, but people need it often, so provide them this!
Do check my other post about Popular Small Business Ideas for Mumbai & Pune.
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