There are many kinds of businesses out there, and despite the glamour of some industries, none guarantee success. Take the multi-million dollar app industry, attracting so many entrepreneurs. While there are big success stories in a business that can literally be run from a spare guest room or kitchen table, many of these entrepreneurs are also struggling to make a living. No matter what your business model, some basic principles apply when successfully marketing a product or service. Check out the entrepreneurs creating apps for iPads and iPhones, then move on for some tips on how to make your business successful, no matter what the budget. Read More
The most successful people in business work differently. See what they do—and why it works.
1. They don’t create backup plans. 2. They do the work… 3. …and they work a lot more. 4. They avoid the crowds. 5. They start at the end… 6. …and they don’t stop there. 7. They sell. 8. They are never too proud. Read More
Ready to raise capital? For many new businesses, this can mean approaching venture capitalists for startup funding. And if you’re lucky enough to get them interested, you will be introduced to a term sheet. The term sheet is, in the simplest terms, the contract between investors and companies raising capital. It includes stipulations on who owns how much of the company, the terms under which the investors will supply the capital you need, and who gets what when the company is either sold or taken public.
Here we decode the most important parts of the VC term sheet with the help of Jason Mendelson, co-author of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. This is the first step to building a knowledge base to have your funding conversations end on a note where everyone feels they are a part of a fair business deal. Read More