Competitive Edge
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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
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5 Actionable Ways to Reduce Running Cost of a Startup

5 Actionable Ways to Reduce Running Cost of a Startup | Competitive Edge | Scoop.it
Countless startups come up on a daily basis, but only 4% get success. Use these tips to reduce startup costs to a bare minimum.

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FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

Definitely good points to consider for your #startup

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5 Business Tools and Apps your Employees will Love

5 Business Tools and Apps your Employees will Love | Competitive Edge | Scoop.it
From task execution to expense reporting and more, here's a look at five business tools that you, and your employees, will benefit from.

Your workforce is the backbone of your small business. Some may argue that it is your human resources department, or an external recruiter that makes it all possible. While that is certainly open to debate, one irrefutable fact remains: The quality of the people doing the work determines the quality of an organization.

Developing a quality workforce requires motivated employees; and motivated employees are engaged and productive individuals. Yet while motivation is not the sole responsibility of an employer, as a business owner, it pays dividends to do your part.

One of the best ways to equip your people is through the use of tools to help them do their job better, with ease. From task execution to expense reporting and more, here’s a look at five business tools that you, and your employees, will benefit from:

To read the full article, click on the title.



Get your Free Business Plan Template here: http://bit.ly/1aKy7km


Via TechinBiz
Marc Kneepkens's insight:

Great tools. I especially like 'Expensify'. Keeping track of expenses is such a challenge.

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dan's curator insight, February 18, 2014 10:04 AM

#apps

TechinBiz's curator insight, February 18, 2014 12:40 PM

Business Tip: Looking for more Business Tools, then checkout our Great Pinterest Board Here: http://www.pinterest.com/technologyinbiz/business-apps/

aanve's curator insight, February 18, 2014 10:00 PM

www.aanve.com

 

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Startup Advice: Stay Alive - A Guy Who Sold His Startup For $200 Million Has Simple Advice For Founders - Business Insider

Startup Advice: Stay Alive - A Guy Who Sold His Startup For $200 Million Has Simple Advice For Founders - Business Insider | Competitive Edge | Scoop.it
Stay alive.

What's the number-one reason startups fail?

Some studies find it's a lack of product fit. Others say it's because companies run out of cash.

But a common reason startups fail is because the founder doesn't want to run it any more, and he or she decides to quit.

Bryan Goldberg cofounded Bleacher Report and sold it for more than $200 million to Turner. He now runs Bustle, a media site that targets women and earned 11 million monthly readers within its first year. Goldberg's recipe for startup success is pretty intuitive: Just stay alive. 

If you keep your startup alive long enough, you may break through a traffic barrier, earn traction, or outlast a competitor and gain industry recognition.

"Winning in startups, and in media specifically, is very much about refusing to give up. Resilience matters," Goldberg told Business Insider in an email. "It takes a long time for a media publication to gain mindshare with the general public — in the case of Bleacher Report, it took five years until people at parties or networking events told me, 'Yeah, I know you guys.' That's a long time for a startup, especially when each day brings growing pains, financial complexities, and potential fire drills. But you have to stay alive...Tough, nimble, spirited media startups are going to thrive, so long as they stay focused on their mission and have the patience to endure."

Paul Graham, the cofounder of startup incubator Y Combinator, calls this refusing-t0-die mentality being a cockroach.

In 2008, when he let Airbnb into Y Combinator, he told the cofounders that he appreciated their hustle (Airbnb used to sell boxes of cereal to fund itself when no investors wanted to give it cash.) 

"[Paul] was basically looking for cockroaches," Airbnb CEO Brian Chesky said at a South by Southwest talk. "He said we were cockroaches and that's why he funded us." Now Airbnb is valued at about $10 billion.

Graham believes failure is often a founder's choice. They could choose to keep their startups alive — they just don't want to.

"You should shut down the company if you're certain it will fail no matter what you do. Then at least you can give back the money you have left, and save yourself however many months you would have spent riding it down," Graham wrote in a recent blog post. "Companies rarely have to fail though. What I'm really doing here is giving you the option of admitting you've already given up."

Full article here: http://snip.ly/7zVY


Get your Free Business Plan Template here: http://bit.ly/1aKy7km



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