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FEEDING YOUR STARTUP | The Importance of Choosing the Right Angel Investors and Investment Strategy | The Impact Angel Group

FEEDING YOUR STARTUP | The Importance of Choosing the Right Angel Investors and Investment Strategy | The Impact Angel Group | Startups | Scoop.it

At the last two of our Summer Learning Series events, some angel investors shared their own perspectives and experiences. Surprisingly enough, the advice seemed to circle back to the concept that the process for choosing investors (and co-investors) needs to be given as much attention and priority as the process of vetting potential startup investments.

As one presenter, Dr. Floyd Taub – physician, entrepreneur and angel investor – wisely analogized – having a startup is like having a baby.  Exactly what and how much you feed it (as well as who might be feeding it) is very important.  As Dr. Taub said:

 

“Entrepreneurs need to be re-educated from the frequent initial thought that they are ‘selling their baby’ to understand that they are selling paper in order to ‘feed their baby’. Not only do babies frequently starve, but those who are underfed, may be stunted or at least have a significant and costly growth delay.”

I’m a real fan of analogies, so this really resonated with me. I thought I’d embrace my analogyitis and take this a step further with a few examples that can apply to both babies and startups…

To read the full article and check out these new startups, click on the title.

 

Get your Free Business Plan Template here:

https://growthink.infusionsoft.com/go/freebptemplate/gt4045/ Check out 'AngelGuide': https://growthink.infusionsoft.com/go/angelguide/gt4045/


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Marc Kneepkens's curator insight, August 30, 2013 1:20 PM

How do Angel Investors think, what are they looking for, how do they educate themselves? What is important to them. Good article.

Jose Gonzalez's curator insight, September 2, 2013 8:22 PM

Very true !!!!!!!!!!!!

Thanks

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5 Tips for Protecting Your Online Presence

5 Tips for Protecting Your Online Presence | Startups | Scoop.it
There are a few commonsense ways to help protect your reputation online. Some companies offer such a service for a fee, but you can do …

 

There are a few commonsense ways to help protect your reputation online. Some companies offer such a service for a fee, but you can do a lot yourself to keep your reputation sterling.

The first step for anyone should be reviewing their own social media accounts. Embarrassing photos, status updates, or even the use of foul language can reflect negatively on a person looking for employment, promotion, or business partners. In certain situations, a photo or comment could even cost someone the job he already has. Everyone should be aware of what their social media accounts say about them, and take action to correct anything that could reflect negatively upon them.

The next step is to familiarize yourself with the various privacy policies of social media websites. These vary from one site to another, and while avoiding having embarrassing material show up online should be the top priority, it is also a good idea to be aware of who can see what sections of a person’s pages. Adjusting settings to allow certain things only to be seen by certain people would be a wise step for those who don’t want to revamp their pages completely.

To read the full article, click on the title...

 

Get your Free Business Plan Template here:

https://growthink.infusionsoft.com/go/freebptemplate/gt4045/
Via Marc Kneepkens
Jose Gonzalez's insight:

Very true !!!!!!!!!!!!!!!

Thanks,

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Marc Kneepkens's curator insight, July 31, 2013 9:27 AM

It's easy to ruin your reputation online by negative remarks or just plain stupid responses. This article gives you some ideas on how to prevent that.

Jose Gonzalez's curator insight, September 2, 2013 8:57 PM

Thanks

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Tips for Getting Started on Your Startup

Tips for Getting Started on Your Startup | Startups | Scoop.it
Budding entrepreneurs beware: advice is everywhere and it's easy to fall down a rabbit hole of research rather than getting anything accomplished. If you want to be successful you need to stay orga...

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High time for me !

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Marc Kneepkens's curator insight, July 17, 2013 9:06 PM

A few good tips for starting entrepreneurs.



Get your Free Business Plan Template here: http://www.business-funding-insider.com/free-business-plan-template.html

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Expert interview: 13 questions on Funding & Pitching (part 1) - The NextWomen Business Magazine

Expert interview: 13 questions on Funding & Pitching (part 1) - The NextWomen Business Magazine | Startups | Scoop.it
Expert interview: 13 questions on Funding & Pitching (part 1) The NextWomen Business Magazine Andrea Cockerton, pitch for funding expert Andrea Cockerton, founder of Mudhut Consulting, the Cambridge-based venture market consultancy works with...

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Love it !!!

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Marc Kneepkens's curator insight, July 1, 2013 7:18 AM

Excellent article, please READ, READ, READ, this is the information start ups need to know, click on the article headline on top!


At Business Funding Insider we can provide you with the right tools:


Free Business Plan Template: ttp://www.business-funding-insider.com/free-sample-business-plan.html


The Ultimate Business Plan Templatehttp://www.business-funding-insider.com/business-plan-template.html


And all of the tools you need to get funded and get your Start Up going:

http://www.business-funding-insider.com/growthink-products.html

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The Importance of Writing a Business Plan - exploreB2B

The Importance of Writing a Business Plan - exploreB2B | Startups | Scoop.it
Many think the main purpose for writing a business plan is for the presentation to a bank or financial institution for funding. While this may be the case, the ultimate reason should be to ...

Via Marc Kneepkens
Jose Gonzalez's insight:

Very well !

Thanks,

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Marc Kneepkens's curator insight, May 29, 2013 9:23 PM

Yes, number one reason, write that Business Plan for yourself!


Free Business Plan Template:    https://growthink.infusionsoft.com/go/freebptemplate/gt4045/

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Hacking Kickstarter: How to Raise $100,000 in 10 Days (Includes Successful Templates, E-mails, etc.)

Hacking Kickstarter: How to Raise $100,000 in 10 Days (Includes Successful Templates, E-mails, etc.) | Startups | Scoop.it
Mike Del Ponte co-founded Soma, which raised more than $100,000 on Kickstarter using virtual assistants and free apps. I first met Mike Del Ponte two years ago when he was running marketing at Bran...

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Jose Gonzalez's insight:

Exactly my point !

Thanks,

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Marc Kneepkens's curator insight, May 5, 2013 9:37 AM

Fabulous advice from Tim Ferris. Check out this strategy if you're serious about a succesful crowdfunding campaign.


Some basics about crowdfunding: http://www.business-funding-insider.com/crowdfunding-startups.html


Use the Crowdfunding Pitch Formula from Dave Lavinsky to top it all off, watch the presentation video: https://growthink.infusionsoft.com/go/freemoney/gt4045/

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'Crowdfunding' trend poised to make mark on US investing landscape - Washington Post

'Crowdfunding' trend poised to make mark on US investing landscape - Washington Post | Startups | Scoop.it
'Crowdfunding' trend poised to make mark on US investing landscape Washington Post Gathering small sums of money from a large number of people online — known as “crowdfunding” — is poised to take off in the investing world, with backing from...

Via Marc Kneepkens
Jose Gonzalez's insight:

Wow !!!!!!!!!!!!!!!!!

Thanks,

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Marc Kneepkens's curator insight, April 30, 2013 2:08 AM

It's happening. Expect another huge wave as soon as the SEC publishes the new rules.

Some basics for startups: http://www.business-funding-insider.com/crowdfunding-startups.html

Philip Cardwell's comment, May 7, 2013 5:47 PM
You are right, Marc. That is the message that we are trying to get to those who may want to utilize EQ CF., by having them attend: http://www.equitycrowdfundingdaily.com/1/post/2013/05/the-most-anticipated-crowdfunding-event-of-the-year.html
Marc Kneepkens's comment, May 8, 2013 12:37 AM
Good information, let's get the word out.
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Which Start-Up Could Be the Next Big Thing?

Which Start-Up Could Be the Next Big Thing? | Startups | Scoop.it
In the unpredictable world of technology, some hot start-ups could fizzle and be forgotten. Others could be the next household name. Which one has what it takes?

When it comes to technology start-ups, there are a lot of paths to success.

Some successful start-ups sell for a billion dollars, as Tumblr did this year to Yahoo. When that happens, it’s a windfall for the founders of the start-ups as well as for the investors and some employees.

Other new companies are considered successful if they attract millions of users and venture money before going public, as Facebook did and Twitter is doing. And still others are considered hot because their products attract demographic groups that advertisers want to reach or because they have come up with some new idea or technology that seems to change the way we live.

About a year ago, right after Instagram was snapped up by Facebook, a few other start-ups seemed poised for some degree of success. Some of them, like Pinterest, Square and Uber, are still thriving, with plenty of users and cash from investors. Others, like Path or Airtime, have lost steam, and users’ attention, and may be on their way to the tech boneyard.

This year, there’s a new class of interesting start-ups to watch. Some are attracting record numbers of new users and significant amounts of venture capital, or appealing to a new and interesting demographic. Some are simply working on a new idea that seems to be taking off. In the unpredictable world of tech start-ups, any of them could fizzle and be forgotten by the end of the year. But they could also be the next big thing.

To read the full article and check out these new startups, click on the title.

 

Get your Free Business Plan Template here:

https://growthink.infusionsoft.com/go/freebptemplate/gt4045/


Via Marc Kneepkens
Jose Gonzalez's insight:

Wonderful !

Thanks

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Marc Kneepkens's curator insight, August 30, 2013 1:04 PM

Interesting to see which new startups are becoming succesfull. Take a look.

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20 Reasons Why You Need a Business Plan

20 Reasons Why You Need a Business Plan | Startups | Scoop.it

20 Reasons Why You Need a Business Plan

Written by Pete Kennedy on Wednesday, April 9, 2008

1. To prove that you’re serious about your business. A formal business plan is necessary to show all interested parties -- employees, investors, partners and yourself -- that you are committed to building the business.

2. To establish business milestones. The business plan should clearly lay out the long-term milestones that are most important to the success of your business. To paraphrase Guy Kawasaki, a milestone is something significant enough to come home and tell your spouse about (without boring him or her to death). Would you tell your spouse that you tweaked the company brochure? Probably not. But you'd certainly share the news that you launched your new website or reached $1M in annual revenues.

3. To better understand your competition. Creating the business plan forces you to analyze the competition. All companies have competition in the form of either direct or indirect competitors, and it is critical to understand your company's competitive advantages.

4. To better understand your customer. Why do they buy when they buy? Why don’t they when they don't? An in-depth customer analysis is essential to an effective business plan and to a successful business.

5. To enunciate previously unstated assumptions. The process of actually writing the business plan helps to bring previously "hidden" assumptions to the foreground. By writing them down and assessing them, you can test them and analyze their validity.

6. To assess the feasibility of your venture. How good is this opportunity? The business plan process involves researching your target market, as well as the competitive landscape, and serves as a feasibility study for the success of your venture.

7. To document your revenue model. How exactly will your business make money? This is a critical question to answer in writing, for yourself and your investors. Documenting the revenue model helps to address challenges and assumptions associated with the model.

8. To determine your financial needs. Does your business need to raise capital? How much? The business plan creation process helps you to determine exactly how much capital you need and what you will use it for. This process is essential for raising capital for business and for effectively employing the capital.

9. To attract investors. A formal business plan is the basis for financing proposals. The business plan answers investors' questions such as: Is there a need for this product/service? What are the financial projections? What is the company's exit strategy?

10. To reduce the risk of pursuing the wrong opportunity. The process of creating the business plan helps to minimize opportunity costs. Writing the business plan helps you assess the attractiveness of this particular opportunity, versus other opportunities.

11. To force you to research and really know your market. What are the most important trends in your industry? What are the greatest threats to your industry? Is the market growing or shrinking? What is the size of the target market for your product/service? Creating the business plan will help you to gain a wider, deeper, and more nuanced understanding of your marketplace.

12. To attract employees and a management team. To attract and retain top quality talent, a business plan is necessary. The business plan inspires employees and management that the idea is sound and that the business is poised to achieve its strategic goals.

13. To plot your course and focus your efforts. The business plan provides a roadmap from which to operate, and to look to for direction in times of doubt. Without a business plan, you may shift your short-term strategies constantly without a view to your long-term milestones.

14. To attract partners. Partners also want to see a business plan, in order to determine whether it is worth partnering with your business. Establishing partnerships often requires time and capital, and companies will be more likely to partner with your venture if they can read a detailed explanation of your company.

15. To position your brand. Creating the business plan helps to define your company's role in the marketplace. This definition allows you to succinctly describe the business and position the brand to customers, investors, and partners.

16. To judge the success of your business. A formal business plan allows you to compare actual operational results versus the business plan itself. In this way, it allows you to clearly see whether you have achieved your strategic, financing, and operational goals (and why you have or have not).

17. To reposition your business to deal with changing conditions. For example, during difficult economic conditions, if your current sales and operational models aren’t working, you can rewrite your business plan to define, try, and validate new ideas and strategies.

18. To document your marketing plan. How are you going to reach your customers? How will you retain them? What is your advertising budget? What price will you charge? A well-documented marketing plan is essential to the growth of a business.

19. To understand and forecast your company’s staffing needs. After completing your business plan, you will not be surprised when you are suddenly short-handed. Rather, your business plan provides a roadmap for your staffing needs, and thus helps to ensure smoother expansion.

20. To uncover new opportunities. Through the process of brainstorming, white-boarding and creative interviewing, you will likely see your business in a different light. As a result, you will often come up with new ideas for marketing your product/service and running your business.

 

 

 

---

About Growthink

Since 1999, Growthink's business plan experts have assisted more than 1,500 clients in launching and growing their businesses, and raising more than $2 billion in growth financing.

Need help with your business plan? 

Speak with a professional business plan writer today.

Or, if you're creating your own PPM, you can save time and money with Growthink's new private placement memorandum template.

 

Dj Baker says

I find this a very simple, yet effective, breakdown of the reasons why a business plan is absolutely essential. From personal experience these 20 reasons our very much the truth. It is also very reassuring to know that there are trustworthy sites out there who do contain valuable information. Much appreciated, DjPosted at 5:24 pmdan says

thanks for the news letter, we are in the air cooling business. using air conditioners. we supply LG units. our major challanges has for the last 6 months been reliable suppliers of LG products at a competitives price. we do not have enough money to qualify as dealers hence we depend on thers, when i read the 20 reasons , i reflected to find out why our clients buy from us , and why others do not. thank you.Posted at 5:19 amSindi says

Thanks for this article. It is indeed a great eye opener for me. Didn't realise there's so much a business plan can reveal about any enterprise.Posted at 1:49 pmMohammed Ajmal says

Thanks for the all this valuable info free of cost.Posted at 11:22 ammanas says

hi all this site such a wonder full i would like to thanks to all of u those who operating this websitePosted at 1:53 amSuzanne Muusers says

Just found this post. What a great list of reasons to write a business plan. I particularly like: 13. To plot your course and focus your efforts. All too often I meet entrepreneurs who have been running their business for years without a business plan, and their business shows it. Writing a business plan creates the INTENTIONS and structure for success. Thank you, SuzannePosted at 11:41 amprivate placement memorandum says

Wow Its a awesome article.It was very interesting for me to read the blog. Thanx for it. I like such topics and everything that is connected to this matter. I would like to read more on that blog soon.Posted at 5:10 ammoronica says

me too likey but too much muni. i very happy you write me.Posted at 4:33 pmmoncler shop says

I'm preparing on opening a flavored coffee bar in San Diego and my company companion is heading to leave his work and operate the business, even though I ongoing to operate my day time job. Would it be much better for each of us to leave our careers in dive in mind first? Or mainly because I possess a company companion prepared to operate it entire time to remain at my present work and never arrive right up until the company is established?Posted at 8:45 pmSamantha says

I think if you are looking forward to have a business then you must have a very well structured plan otherwise your business might not bring any good to you. Sam from Calgary ListingsPosted at 2:35 pmMia says

A good plan is a must for everyone who is going to make some mark in the business. It should be implemented too. I'm currently finding out some herniated disc treatments and I think I'll get some help soonPosted at 4:18 pmSamantha says

Sometimes I wonder how can someone start a business without a plan but there are people who actually do that but I'm sure their business doesn't last for long. The things that you mentioned above are absolutely necessary. Thanks - hemorrojderPosted at 6:42 amSamantha says

That is a great post! I missed few of the points that you have mentioned above but I'm going to be a little more watchful next time. Thanks! Samantha from Cat Health TipsPosted at 6:14 amjenny says

I would like to thank you for bringing this forward as this information is gold - fastighetsmäklarePosted at 12:45 pmJoyce says

Wouldn't it be nice if everybody knew all this before they start out. nikon d3100 reviewPosted at 8:09 amPhillipa says

You have brought forward a very good explanation for the things and I would like tyo thank you for that - diatomaceous earth food gradePosted at 8:30 pmEva says

I like the first 5 ones. This article is a good insight for people related to this field. video clips onlinePosted at 5:20 amAmanda says

Business plan is a must to succeed, whether it is offline or online. On My Blog I talk about factors that are required for online success.Posted at 6:43 am
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Jose Gonzalez's insight:

Very true !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Marc Kneepkens's curator insight, July 21, 2013 10:35 AM

Excellent reasons for writing a Business Plan

Marc Kneepkens's curator insight, July 21, 2013 11:07 AM

Check this "Review of Growthink's Business Plan Template":

 http://www.business-funding-insider.com/business-plan-template.html



Get your Free Business Plan Template here: http://www.business-funding-insider.com/free-business-plan-template.html

Melissa Terrazola's curator insight, October 29, 2014 4:44 AM

This article is great. Business plan is a must to succeed

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Business funding - it starts with a plan!

Business funding - it starts with a plan! | Startups | Scoop.it

If you’re looking for funding to start your business, one of the first things you need is a business plan.

 

When starting a business I always advise people to write a business plan. Why? The process of creating a plan ensures you work through what you are trying to achieve, it validates your business idea, and allows you to see where you are going and how you intend to get there. It is never just because your bank manager or potential source of finance will want to see one. 


Via paulgreen, Marc Kneepkens
Jose Gonzalez's insight:

Very true !

Thanks

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paulgreen's curator insight, July 11, 2013 7:12 AM

Whilst there is a lot of press coverage about how banks are not lending money, one aspect of this is how poorly a business plan is presented to a bank  in order to receive funds.

Marc Kneepkens's curator insight, July 11, 2013 8:35 PM

Get your Free Business Plan Template here: http://www.business-funding-insider.com/free-business-plan-template.html

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How to Incorporate a Competitive Analysis Into Your Business Plan

How to Incorporate a Competitive Analysis Into Your Business Plan | Startups | Scoop.it
If you’re working to get a small business enterprise off the ground, one of your most important tools will be your business plan. This is the document you will show prospective investors that will give them the confidence and peace of mind necessary to hand you their hard earned dollars.
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Jose Gonzalez's insight:

Thank you !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Marc Kneepkens's curator insight, June 17, 2013 3:24 AM

This article offered to you by:

www.Business-Funding-Insider.com  Your site for information about funding, investors, free business plan templates, free llistings.


Get a Free Business Plan Template:  https://growthink.infusionsoft.com/go/freebptemplate/gt4045/

DAVID T DEWBERRY's curator insight, November 8, 2013 8:31 AM

Most SBME know their busines, what they do. What most require assistance withis the business of the business, which is beyond what they do(the product or serivces they provide). The busines of the busines is the how they do their business, the Financials, HR, Marketing, Legal, etc.

 

There's the challenge and opportunity, why? They're so involved in doing, working in the business many never get to the point of working on their business. Most business plans sit on the shelf collecting dust on in a drawer never seeing the light of day. A living, breathing business plan that is followed, updated, executed is essentail to reach the business full potential. It dosen't matter if you're a start up or been in business for year, the formular for success is the same. Plan your work and work your plan! a workable business plan has an implemetation plan that is very easy to follow has specific duites and responsibilites with action items , who is to to do what where and when. SMART...Specific...Measureable...Acheivable...Realistic....Timeline!

 

The difference between just being in business and having a succussful business is how the busines owner(s) know and do the business of the business. Trusted advisors, consuktants can assist with expertise and guidance , the ulitmate responsiability and accountability is within the owners ability to not only work in the business , but to work on the business.

 

David T. Dewberry

DEWBERRY ASSOCIATES

dewberryassociates@gmail.com

937.301.3441

Venkadesh Narayanan's curator insight, March 14, 5:07 AM

http://bacourse.com/

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How to Negotiate with VCs: One, Two, Three - HBR

How to Negotiate with VCs: One, Two, Three - HBR | Startups | Scoop.it
Business management magazine, blogs, case studies, articles, books, and webinars from Harvard Business Review, addressing today's topics and challenges in business management. (A strongly recommended read!

Via Martin (Marty) Smith, Jose Gonzalez
Jose Gonzalez's insight:

Excellent !!!!!!!!!!

Thanks

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Ghislain Moret de Rocheprise's comment, May 11, 2013 4:04 PM
excellent article concernant la relation avec les VC
Jose Gonzalez's curator insight, February 25, 2014 8:52 PM

Cool !

Marc Kneepkens's curator insight, February 26, 2014 11:04 AM

Important article showing the motivations of VC's and startups, and how human motivations can influence deals even many years after they have been made. Highly recommended.

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Crowdfunding's Disruptive DNA: The Why, How and Who

Crowdfunding's Disruptive DNA: The Why, How and Who | Startups | Scoop.it
Investment crowdfunding is going to disrupt and re-shape early stage capital markets. But not only for the reasons you’ve likely heard. There’s more to it. Crowdfunding is the product of not one, but two, strands of disruptive DNA.

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Amazing !

Thanks,

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Marc Kneepkens's curator insight, May 3, 2013 9:46 AM

It's definitely evolving this way. Crowdfunding is internet based and has caused many paradigms to change or bust already. Good read.


Check out 'crowdfunding formula, newmoneysource' to grasp the full meaning of the concept and use it to your advantage: https://growthink.infusionsoft.com/go/newmoneysource/gt4045/

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"Growing your Empire" newsletter

"Growing your Empire" newsletter | Startups | Scoop.it

"Stay updated with the best tips to get funded, grow your business, and exit your business profitably."


 

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You’ll discover:

How to turn ideas into successful products and businessesThe 1 critical ingredient EVERY business needs in order to growThe 4 steps to exploding your revenuesHow to create a business that runs without youThe keys to building a business you can sell for millionsAnd much more...

 

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Jose Gonzalez's insight:

Love it !

Thanks,

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Marc Kneepkens's comment, April 29, 2013 7:54 AM
I always look forward receiving Dave's email every day. So much value, great ideas, new perspectives, good resources.