Competitive Edge
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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
Curated by Marc Kneepkens
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For Startups, Giving Up Control Is Key to Creating Value

For Startups, Giving Up Control Is Key to Creating Value | Competitive Edge | Scoop.it
Young firms are valued significantly higher and attract more financing after their founders relinquish some power.

In the two years after Lew Cirne founded Wily Technology in 1997, he assembled an experienced executive team, hired 50 employees, and raised two rounds of VC funding. But he also had to relinquish three of five board seats to his investors, who promptly decided that Cirne should be replaced by a CEO with a stronger business background. CA eventually bought the firm for US$375 million — a far larger haul than Cirne could have brought in, as he admitted. But the founder was still chagrined about the early decisions he made that led to his ouster. Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb
“I have found your Growthink information to be worth every dime I paid, and I have just read a fraction of the materials you have provided me.
Thanks again!”
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Via Oliver Durrer
Marc Kneepkens's insight:

#Investors want to see experienced teams leading #startups with huge growth potential.

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How to find investors for your start up?

How to find investors for your start up? | Competitive Edge | Scoop.it
How to find investors: why investors don't respond to your messages!

Why is it that when you send an email or a message (on Linkedin for example) to an investor, they never seem to answer. Sometimes funding seekers ask around in their Linkedin groups. It just seems like everyone else seems to be in the same boat. There might be a few very good reasons. Here are some blunt answers. Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Rather than the typical client/vendor relationship I'm used to, Growthink has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting but uncertain time of starting & ultimately growing my business.”

Jerry D. Erickson

President/CEO

FryBrid Cars

Marc Kneepkens's insight:

No responses to my funding requests?...

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Marc Kneepkens's curator insight, April 11, 11:05 AM

Requests for funding are sometimes unreal. You really want millions of dollars at 1% or 2% interest rate, without spending any money on a decent #BusinessPlan, no upfront fees, several years before starting to pay it back, etc.? Tell me, give me your bank account number, I'll wire it to you immediately!

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The 5 Stages Startups Must Go Through to Make That First $1 Million

The 5 Stages Startups Must Go Through to Make That First $1 Million | Competitive Edge | Scoop.it

What stage of business is your startup in?

We all want our startup businesses to hit that coveted $1 million per year in revenue. The unfortunate truth is that only 4 percent of us actually make that goal. Read more: click image or title.

 

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

 

 


Via Pantelis Chiotellis
Marc Kneepkens's insight:

Model your company or #startup to these five steps for some quick #growth.

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Mike Bettle's curator insight, January 21, 4:52 PM

This article describes, in the author’s opinion, 5 steps that startup companies must go through to become successful. The author is Jeremy Ellens, who co-founded Yazamo, a successful marketing company in Arizona. This article, although well written, does not provide any new, and I would argue useful, information to A) a commerce student B) someone who is in the process of a business startup. For these two demographics the information given seems obvious and redundant. The article could be condensed into a sentence that says, “Find an niche and then grow from there”. The author’s perspective is obviously biased from his experience with his owna startup company (frequently using statements like: “I believe”) and ignores the fact that companies can grow from a variety of different situations and that there is no set path or “5 steps” to a successful startup company. This article may provide use to people who are intrigued in the steps some startup companies take in order to be successful, but should not be seen as a “roadmap to success”. The article was posted on Entrepreneur.com, which is a credible source for an opinion piece such as this.

Joshua ChopTracks Breaux Sr's curator insight, January 22, 11:35 AM

This is a great help i really had no idea only 4 percent of business make 1 million a year in revenue

 

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Tools that help startups scale effectively

Tools that help startups scale effectively | Competitive Edge | Scoop.it

If you wanted to start your own tech business 10 years ago, you needed deep pockets and extensive knowledge of building the various parts of a company yourself. From the ground up. Skype, Amazon and eBay were all well-backed companies given significant capital to grow while making significant early losses.

Building a successful tech company should not be that exclusive — you should neither need a hefty amount of capital nor a degree in engineering, necessarily. If you have a great idea, you should be able to focus on that idea and not have to worry about building non-core parts of your business from scratch, such as hosting or payroll. The good news is that we are closer than ever to that reality, thanks to a more mature ecosystem of tools that help startups scale effectively on a pay-as-you-grow basis. Read more: click image or title.

 

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

or "Done for You Business Plan": http://bit.ly/12KAGmM

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

 

Marc Kneepkens's insight:

"The steam engine became the universal source of power in the industrial revolution, and in today’s digital revolution, the startup stack is emerging as the steam engine for our age. But, coming at a much lower cost and being available globally via the cloud, the democratization potential of this is much stronger. Industrial revolutions have tended to benefit the few at the expense of the many. With the startup stack, maybe this latest revolution will be a lot more distributive than previous ones."

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Crafting Your Story to Pitch Your Great Idea

Crafting Your Story to Pitch Your Great Idea | Competitive Edge | Scoop.it
Once you've finally come up with that brilliant idea, here's a way to get people excited about it.

If coming up with a brilliant idea is hard, getting people to agree with you can prove just as difficult. 

"We operate under this assumption that the world will magically see how great our idea is, but great ideas get rejected all the time," said David Burkus, author of The Myths of Creativity: The Truth About How Innovative Companies and People Generate Great Ideas. 

Burkus, who also teaches creativity and innovation courses at Oral Roberts University, spoke to Money Talking host Charlie Herman about how to recognize and pitch great ideas.

He suggested a five criteria checklist for structuring a pitch or judging which idea to invest time in. Read more: click image or title.

 

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


Via Karen Dietz
Marc Kneepkens's insight:

Storytellers share how to #pitch your #idea to get people excited.

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Karen Dietz's curator insight, September 9, 2016 11:16 AM

Here's a fab post about how to formulate your story when you are getting to pitch your idea. But don't get stuck on the word 'pitch'. Think any presentation where you want to influence people:

  1. Selling your project across the organization
  2. Project reports when a decision or action is a desired outcome
  3. Sales presentations to alliances or prospects
  4. Anytime you need to raise funds or gain resources

 

What I really like about this article is that it's not a formula per se, but a way to think about your presentation and get your thoughts organized. That's the hard part, really.

 

Once you get these 5 points down, it will be easy to put together your presentation. Story on!

 

This review was written by Karen Dietz for her curated content on business storytelling at www.scoop.it/t/just-story-it. Follow her on Twitter @kdietz

Marc Kneepkens's curator insight, September 9, 2016 3:25 PM

StoryTelling insights to 'wow' your public.

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How Entrepreneurs Can Keep Their Passion from Fading

How Entrepreneurs Can Keep Their Passion from Fading | Competitive Edge | Scoop.it

Don’t stick to your original plan.

Time and time again, passion has been cited as a key ingredient for entrepreneurial success. It’s what motivates people to start a new business. It’s also what helps them persevere when the going gets tough. It is the “fire in the belly” that makes entrepreneurs pursue their dreams and that makes the improbable possible. Or, like Anita Roddick, founder of The Body Shop, famously said, “To succeed you have to believe in something with such a passion that it becomes a reality.”

In recent years, academic research has also sought to understand how entrepreneurial passion really works. Most relevant to start-ups is being passionate about founding activities. Passionate entrepreneurs are those who feel excited about their identity as a venture founder and who consider being a founder as an important part of who they are. These are the people who will introduce themselves at parties as, “Hi, I’m the founder of X” and see start-up opportunities everywhere they look. In line with the popular view on passion, studies have shown that entrepreneurial passion really boosts entrepreneurs’ creativity and persistence. Read more: click image or title.

 

 

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!!!


Via Alldens Lane
Marc Kneepkens's insight:

Keeping the fire alive...

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12 Tactics to Launch & Market Your Startup (with Little to No Money)

12 Tactics to Launch & Market Your Startup (with Little to No Money) | Competitive Edge | Scoop.it

Last year I launched Content Marketer – a tool that helps to scale and automate content marketing; a project that I (more or less) dedicated my entire life to working on for the six months prior to its launch. We’re up and running now, so you might think the hard part’s over. Well, I’ll let you...

Read more: click image or title.

 

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


Via Pantelis Chiotellis
Marc Kneepkens's insight:

We never run out of new things to learn. The art of #growth-hacking.

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Friilance's curator insight, April 25, 2016 1:52 PM

12 Tactics to Launch & Market Your Startup (with Little to No Money)

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The world's most successful hedge fund just made a big change - here's what you need to know about how it's managed

The world's most successful hedge fund just made a big change - here's what you need to know about how it's managed | Competitive Edge | Scoop.it

"Create an environment in which everyone has the right to understand what makes sense and no one has the right to hold a critical opinion without speaking up about it," Dalio writes.

He believes that even though the truth can be scary (like when your boss points out one of your flaws), it's necessary for optimum performance. Dalio has actually fired employees for talking behind a coworker's back. "If you talk behind people's backs at Bridgewater you are called a slimy weasel," Dalio says.

Read more: click image or title.

 

 

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

 


Via Enzo Calamo
Marc Kneepkens's insight:

This guy is setting the bar very high. Applying these 20 principles can only get the best out of the team and the management.

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SurEn R Nyk's curator insight, March 13, 2016 3:52 AM

This guy is setting the bar very high. Applying these 20 principles can only get the best out of the team and the management.

John Wick's curator insight, March 13, 2016 7:34 AM

This guy is setting the bar very high. Applying these 20 principles can only get the best out of the team and the management.

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Why Every Startup Should Bootstrap

Why Every Startup Should Bootstrap | Competitive Edge | Scoop.it

Keep control of your company.

As the past few years have shown, raising money for a startup is easy. But building a profitable, sustainable business is still really hard. Public and private markets alike are starting to remember this, correcting for years of overly exuberant startup funding. As financing dries up, entrepreneurs would do well to remember the benefits of bootstrapping.

Though taking money from investors might seem like the path to success, bootstrapping has several advantages. First, it helps you to stay scrappy and to realize talents you may not know you even had. Second, and counterintuitively, it can help attract the right talent. And, finally, it helps you maintain control of your company while finding the right partners to help you scale. Read more: click image or title.

 

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com

 


Via Pantelis Chiotellis
Marc Kneepkens's insight:

#Bootstrapping is a great learning experience. Find out from this successful #entrepreneur who eventually raised over a quater billion dollars.

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Surviving Whatever Comes Next - Mattermark

Surviving Whatever Comes Next - Mattermark | Competitive Edge | Scoop.it

Don’t want your company to die? Here’s what to do. The startup fundraising environment is in flux, and over the past two weeks the pace of change has accelerated rapidly. Throughout the ecosystem, blogging VCs and entrepreneurs alike are urging that it’s time to raise, even if you can’t get the valuation you hoped for. Others … Read more: click image or title.




Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com

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


Marc Kneepkens's insight:

#Startup #Funding is changing rapidly. Read this article to be better informed and find out what to do next.

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9 Top Venture Capitalists Share Their Best Advice for Entrepreneurs

9 Top Venture Capitalists Share Their Best Advice for Entrepreneurs | Competitive Edge | Scoop.it
When it comes to fundraising, it's a good idea to listen to the men and women doling out the dollars.

Pitching venture capitalists can be a fraught enterprise, particularly for entrepreneurs who have never done it before. With that in mind, we’ve asked leading venture capitalists at firms like Andreessen Horowitz, Greylock Partners and GE Ventures to share their best advice for startup founders seeking capital.

From specific tips on hiring to more general strategies on maintaining focus, this is your shot to learn from the pros. Read more: click image or title.



Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com

Marc Kneepkens's insight:
When it comes to fundraising, it's a good idea to listen to the men and women doling out the dollars. Isn't that the truth!
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Important Financial Indicators for Startups at Every Stage of Growth | Mattermark

Important Financial Indicators for Startups at Every Stage of Growth | Mattermark | Competitive Edge | Scoop.it

Learning to read financial documents is one thing, but learning to use themas tools to guide the business and ultimately communicate clearly to 100+ investors has shown me just how nuanced our non-GAAP startup companies can be. In this post I’ll walk through the three phases of financial indicators in startups, and point out some common misunderstandings. I hope this will help founders and investors clarify what they mean when they talk about money, and I’ve used my company’s financials to give you real examples. Read more: click image or title.





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

Hello Dave,
You are a treasure to the Business community.
I have completed my business plan on the second day with your template.  And I had tried and failed for a year before."
Dawson


Marc Kneepkens's insight:

Here is some clarity regarding cash, #RunRate and #Revenue. Accountants have different ways of reporting. Double talk?


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How Working With The Venture Capital Firms Can Help Your Startup Earn Huge Profits?

How Working With The Venture Capital Firms Can Help Your Startup Earn Huge Profits? | Competitive Edge | Scoop.it

Venture capital is the money invested to support small, unproven or newly started businesses which are typically not bankable but have a bright future. To be true, venture capital is not meant for all and the fund is too hard to raise. So, it is advisable to be realistic in your approach to the various startup funding methods, especially if it is venture capital. If you are looking for the venture capital firms to invest in your startup, you better be ready with all the essential requirements.

The venture capital firms prefer to invest only in those startups that can return their investments not just with the interest but also with huge profits. Also, if you are highly concerned about your control over the company, it is better to look for a source other than venture capital as the investors will be actively involved in the critical matters of the company so as to ensure that the company is moving in the right direction to gain huge profits.


If everything falls in place, i.e., you have a viable business plan, a great management team, a strong network and someone who can introduce you to the venture capital firms, you cannot even imagine how efficiently your business is going to run under the guidance of these venture capitalists. Read more: click image or title.




Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com


Via Merger Alpha
Marc Kneepkens's insight:

#Venture capital is not your average #funding. You need a highly scaleable product or service with a huge #potential. And you need to be introduced. You don't just walk in like in your local bank.

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7 Reasons Startups Fail--and How to Avoid Them

The odds that an unfunded startup will ultimately be worth at least $1 billion are very low. But if you can avoid the most common causes of failure, your odds of success will rise.

I estimate that all but one in five million unfunded startups end up being worth at least $1 billion. For every 1,000 startups that meet with a venture capitalist, only two get funding. And for every funded startup, only one in 10,000 ends up being worth $1 billion.

One thing I learned in researching my book Hungry Start-Up Strategy is that great entrepreneurs are good at identifying and taking steps to minimize risk early. Here are seven common examples of such risks and how great entrepreneurs keep them in check. Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“I have been receiving “Growing Your Empire” (Growthink) newsletter for about a year, and I appreciate the advice that you have been sharing on entrepreneurship - I have leveraged the information you’ve provided many times.”

Alex Stolyar

Marc Kneepkens's insight:

Many reasons your #startup can fail. Avoid the ones listed in this article and you'll be well on your way to success.

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The (near) Perfect SCAM

True stories of shameless swindle and How to Protect Yourself.

Looking for funding? Here is a real and serious warning. Scammers are getting better, more sophisticated and incredibly creative.

.....

If you are looking for funding, please read this and share it with your contacts.

Savvy #scammers make real websites. They then start a conversation with the funding seeker, have them apply for funding, and go through all of the hoops. At some point they want an application fee, or any kind of fee before 'releasing' the funds.

The most believable fee requests we have seen lately are the "insurance wrap" fee, or the "SPV" fee' (special purpose vehicle).

......

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How These Founders Built a $273 Million Company From Junk Computers

How These Founders Built a $273 Million Company From Junk Computers | Competitive Edge | Scoop.it
With some secondhand machines, ThousandEyes became a startup tech firm with a story refreshingly different than the rest.

ThousandEyes is one of those hot, successful startups you probably never heard of with an unusual and not-very Silicon-Valley-like history.

Founded in 2010 by CEO Mohit Lad and CTO Ricardo Oliveira from their grad school work at UCLA, ThousandEyes helps ensure that when bits of the internet go down, companies can avoid being taken down too -; even if the problem is on the internet and out of their control.

"We worked together at UCLA doing our PhDs understanding how things break the internet, and how that impacts the rest of the internet," Lad told Business Insider.

ThousandEye's customers include Twitter, Equinix, ServiceNow, eBay, DocuSign, six of the top US banks, and many of the top software-as-a-service cloud companies.

The company currently employs over 130 employees and is doubling revenue annually, with good enough cash flow that it never needed to raise venture funding just to survive, Lad told us.

And that means that VCs have been tripping over themselves to invest. ThousandEyes has taken $60.5 million of investment over three rounds, at a valuation of $273 million after the last round in February, according to PitchBook.

And it all began with a bunch of computer servers that the founders scrounged out of big corporate electronics recycling bins and from a second-hand computer store in Sunnyvale known as Weird Stuff. Read more: click image or title.

 

 

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

or "Done for You Business Plan": http://bit.ly/12KAGmM

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


Via ventureLAB
Marc Kneepkens's insight:

What's the best way to get funded? Create a #startup with a working model.

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5 things to consider before going for Startup Funding

5 things to consider before going for Startup Funding | Competitive Edge | Scoop.it

5 things to consider before going for Startup Funding -

The Bangalore, India based Branding Agency explains the strategies to get funding.Simple & effective strategies.

Every startup waits for the day when they will be going for the first round of funding.! Going for a funding is an easy task if you do it in a planned way. The majority of the startups makes one or the other simple mistake and thus lose a chance to get funded on the first try. Here are the 5 important aspects that you need to take care of in order to increase your chance of getting funded. Read more: click image or title

 

 

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:

Getting the basics lined up for #funding.

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3 key business lessons from Facebook's Mark Zuckerberg

3 key business lessons from Facebook's Mark Zuckerberg | Competitive Edge | Scoop.it

The 32-year-old billionaire shares his secrets on how to turn start-ups and breakthrough ideas into thriving businesses.

About 10 years ago, in room H33 of Harvard University's Kirkland House, one 19-year-old launched "thefacebook.com." Today that 19-year-old is 32 years old and sits at the helm of a $340 billion social networking empire.

 

Facebook's ability to give every private citizen a public identity revolutionized the way we share our lives and raise awareness about our ideas. It created a breeding ground for entrepreneurs like Evan Spiegel, the Snapchat founder and CEO, who is worth upward of $2.1 billion at the young age of 26.

From Zuckerberg we learned that goals deemed unachievable — like bringing back the nostalgia of Pokemon in an app that shattered the social sphere — thrive within the tech ecosystem. Today the Apple App Store, home to many of these popular platforms, grows by more than 1,000 apps every day, according to the International Business Times.

So what's the by-product of all this noise? A community of new age entrepreneurs who are rapidly swiping left or right and filtering photos to grow their business. But before they began hashtagging, many of these self-made social media mogul's were just trying to learn the tools of the trade from leaders like Zuckerberg, who turned Silicon Valley and everything that came out of it on its head. Here are three relevant tips he gives to all new age entrepreneurs looking to disturb this racket even further: Read more: click image or title.

 

 

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!!!


Via Enzo Calamo
Marc Kneepkens's insight:

Excellent, he even writes one of these on all of the inner walls of the

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12 Tactics to Launch & Market Your Startup (with Little to No Money)

12 Tactics to Launch & Market Your Startup (with Little to No Money) | Competitive Edge | Scoop.it

Last year I launched Content Marketer – a tool that helps to scale and automate content marketing; a project that I (more or less) dedicated my entire life to working on for the six months prior to its launch. We’re up and running now, so you might think the hard part’s over. Well, I’ll let you in on a little secret: it’s not. Far from it, in fact..

Growing our customer base, building the brand, and getting to the point where we’re actually turning a profit… that’s where we’ll really be tested.

Thankfully, I know a little bit about marketing and growth hacking a startup, so I’m certainly not going into this with my eyes closed.

If you’re new to the game, here are a few of my best tips and ideas to help you (like me) market your startup – however small your budget may be. Read more: click image or title.

 

 

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


Via Pantelis Chiotellis
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Friilance's curator insight, April 25, 2016 1:52 PM

12 Tactics to Launch & Market Your Startup (with Little to No Money)

Marc Kneepkens's curator insight, December 1, 2016 5:06 PM

We never run out of new things to learn. The art of #growth-hacking.

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Startups Need to Focus More Energy on Their PR Strategy

Startups Need to Focus More Energy on Their PR Strategy | Competitive Edge | Scoop.it
Startups need to keep in mind just how significant PR is to their success.

Once upon a time the tech unicorns of today were struggling small companies battling competitors for customers and fighting for the attention of venture capitalists. The secret behind the rapid growth of startups like Airbnb, Uber and Snapchat involves a special formula that includes strategic funding, a great product, consumer interest and of course, a great PR strategy. Without public relations, consumers would have no idea these companies existed. And with a lack of consumer interest there would be no incentive for venture capitalists to invest in the company. Read more: click image or title.

 

 

 Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com


Via Michelle Mink
Marc Kneepkens's insight:

#PR is an essential element in building a succesful #startup. Not a simple task.

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Michelle Mink's curator insight, April 14, 2016 8:18 PM
An important part of any marketing strategy.
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9 Questions That Will Determine Whether Your Startup Idea Is Worth Pursuing

9 Questions That Will Determine Whether Your Startup Idea Is Worth Pursuing | Competitive Edge | Scoop.it
 

Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

What is one important question I can ask to evaluate whether a startup idea I have is worth pursuing? Read more: click image or title.

 

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com

 

 


Via Pantelis Chiotellis
Marc Kneepkens's insight:

Do some soul searching before committing to being a #founder and going through hell, for a while.

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Dear Startups:  Here’s How to Stay Alive

Dear Startups:  Here’s How to Stay Alive | Competitive Edge | Scoop.it

Dear Startups: Here’s How to Stay Alive

There are storm clouds gathering over Silicon Valley – and it’s more than just El Nino. As a venture capitalist, I see a lot of data points within the private company marketplace.  Every Monday, I sit in a room with my partners and we discuss dozens of companies, both portfolio companies as well as those we are considering for investment.  When a market turns, we tend to see the signs earlier than the entrepreneurs working on the front lines.

This market?  I’d say it has turned.

It is going to be hard (or impossible) for many of today’s startups to raise funds.  And I think it will get worse before it gets better.  But, hey, my entrepreneurial friend, who ever said it was going to be easy?  One of my favorite expressions is: “that which does not kill us makes us stronger.”

So which is it going to be for you?  Tougher?  Or dead. Read more: click image or title.



Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com

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

Marc Kneepkens's insight:

Another great article on how to make it through this pullback on #startup #funding. This is more in depth and complete. Very good advice.

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Three Failed Entrepreneurs Walk Into a Bar...

Three Failed Entrepreneurs Walk Into a Bar... | Competitive Edge | Scoop.it

Once upon a time, there were three entrepreneurs who had just lost their businesses. They all happened to walk, sulking, into the same bar just off of Market St. and Polk St. in San Francisco. The drinks started flowing, and the three began telling each other stories:

Entrepreneur #1: Our business should have changed the world. Seriously, if we had been able to raise just a few million dollars, there would have been no stopping us. But we couldn't raise the funds. And after a while... well... we had to eat, right?

Entrepreneur #2: My company would have been the next unicorn. We had money and traction. But as we got bigger, our investors wanted us to get even bigger... faster. So we came out with new products. But the market didn't take to them. And we couldn't recover.

Entrepreneur #3: We had bad luck too. We were doubling every few months for years. We should have been the next Google. Then our board recommended a hire that we made. And he was political. I'm still not sure how it happened, but the board decided, today, for him to replace me.

The drinks kept flowing. First beers...then shots... then beers with shots inside of them. And the entrepreneurs kept talking. Perhaps it was the alcohol... or perhaps the recognition that they were sitting with human beings who shared their pain... but slowly they began to laugh and feel a bit better.

Then, out of nowhere, an old man approached. The entrepreneurs looked up at the man, blinked, and looked at each other; the old man was glowing like no living person they'd seen. Either he'd been sent from heaven or Mars, or someone had slipped something very strong into their drinks.To read more: click image or title.




Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

www.Business-Funding-Insider.com



Via Pantelis Chiotellis
Marc Kneepkens's insight:

Great story. #Failed #startup #founders can learn something here.

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Thủ Thuật Game - Fun24h's comment, January 19, 2016 5:30 AM
Hướng dẫn cách chơi cờ tướng : http://fun24h.mobi/huong-dan-cach-choi-co-tuong-trong-game-bigkool/
A Subratty's curator insight, January 20, 2016 9:47 AM

He who hasn't failed in life hasn't lived his life. 

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The Only Two Things You Need for Entrepreneurial Success

The Only Two Things You Need for Entrepreneurial Success | Competitive Edge | Scoop.it

There’s a disease spreading throughout the United States among today’s aspiring entrepreneurs. It's called the “big idea syndrome.” Many people assume that all that separates them from business and financial success is one great idea.  Having worked with several entrepreneurs over the years, I have discovered that what distinguish a thriving business owner from one that is barely surviving isn’t more start-up capital, more talent or even access to more resources (though having these things does help). It’s perseverance and self-belief.

Njeri Rionge, co-founder of Wananchi Online, East Africa’s first mass market Internet service provider, has used this mind-set to become a pioneer in the IT industry, a position typically reserved for men. “I have no time to think about challenges,” Rionge told How We Made it in Africa magazine. Because I convert them, they stop being challenges. I have been at many points where I knew the cookie was about to crumble, but my focus was [that] it cannot crumble. Therefore, I focus on the upward movement.” Read more: click image or title.



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


Marc Kneepkens's insight:

What distinguishes one entrepreneur's success from another's failure?

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andy alagappan's curator insight, December 12, 2015 6:07 PM

Develop your unique value proposition 

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Startup Budgets And Timing Burn: Are Founders Winging It?

Startup Budgets And Timing Burn: Are Founders Winging It? | Competitive Edge | Scoop.it

Allocating startup capital is hard — but more importantly, it’s key to successfully raising your next round. Which tools are founders using to build a strategic financial plan? With cash in the bank, a founder’s job is to time growth, metrics and money to validate a thesis and raise another round.

My question is this: How strategic is this budgeting process in practice, and what are founders doing today to best understand their burn?

In the early startup days, managing a budget is simple. But once you raise money and start down the buffet of SaaS products, rows start adding up. Before you know it, your budget is confusing and lacks precision. Read more: click image or title.




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


Marc Kneepkens's insight:

Managing #budgets is essential for #startups. Knowing exactly where you are, from day to day. Stay on top of it and be accountable.

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