If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last re
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Martinzwilling voted on the following stories on BizSugar
Entrepreneurs Beware the Burdens of Bankruptcy
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4861 days ago
Location-Based Services are a Bonanza for Startups
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4862 days ago
These days, I’m hearing more and more about Location-Based Services (LBS) as the next big opportunity for startups. So far, it’s just another mobile phone app that tells people where there friends are (Foursquare and Facebook Places), but it’s poised to be a lot more. Internet marketers see it as a
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Don’t Be Fooled by Investment Scams For Startups
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4863 days ago
After you have heard a few startup success stories, like Google, Facebook, and Microsoft, you may be tempted to invest some money yourself, maybe by pooling your funds with other investors who claim to have a great track record. My advice is to leave the investing in startups to the professionals (
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Ten Questions to Ensure a Viable Business Model
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4864 days ago
You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. There are no “overrides” – for example, businesses don’t thrive just because they offer the latest technology, or because ever
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High Burn Rates Result in Short Startup Runways
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4865 days ago
Cash is the fuel of every startup. Your burn rate is the rate at which that money is being spent, and allows an estimate of how long you can go before refueling (runway). That refueling is when you will need more investment, or when you will break even and begin that steep profitable growth curve.
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Startups are Media Companies Building a New Brand
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4866 days ago
The days are gone when a techie or a genius could build things in his garage and customers would find and buy the product, based purely on the “wow factor” of the technology. New technologies are everywhere today. People have seen so much that they aren’t impressed anymore, and fully expect the imp
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Entrepreneurs and Inventors Need Each Other
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4867 days ago
In my experience, inventors aren’t interested or aren’t very good at building a business, and entrepreneurs aren’t usually good scientists. These people need to find each other, and can jointly make a great team for a new startup.
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Startup Goals Have Value Only if You Achieve Them
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4868 days ago
Before you as an entrepreneur can hope to successfully start a new business, you need to set some goals and milestones to lead the way. It’s easy to talk in the abstract about all the possible applications for a new technology, but you don’t have a viable business plan, until you have specific targ
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Ten Quotes That Indicate Your Arrogance is Showing
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4869 days ago
Lack of confidence in your self, your product, and your startup is a surefire recipe for disaster. At the other extreme, too much confidence or arrogance can kill you just as fast. It’s always painful when a startup fails, but as a mentor to founders, I would hope that you can learn from these fail
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Learn What Customer Focus Really Means in Sales
Posted by martinzwilling under StartupsFrom http://blog.startupprofessionals.com 4870 days ago
All the experts these days are talking about the increasing need for customer focus and maximizing sales. Typically entrepreneurs and even professional sales people think this means more emphasis on the customer selling process, when in fact it means spending more time understanding the customer bu
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