This infographic from the Startup Genome Project 2.0 is based on a comprehensive 2015 report on startup structure, ecosystems, and disruptive industry trends. Why are startups such an important business structure in the 21st century? The Startup Genome Project 2.0 suggests that the 20th century saw the first massive shift in corporate structure in an attempt to deal…
When people recount the achievement of successful entrepreneurs, they forget that they had also failed in so many things before and it took a long time and discipline for them to attain success. Many successful entrepreneurs have failed in the past. Steve Jobs was fired from Apple Computers before he became its co-founder, chairman, and…
Love it or hate it, Facebook is still the number one social network and first-stop web destination for a majority of web users. Despite this, many entrepreneurs are still unsure of best practices for using the site to benefit their small business. The truth is, Facebook is one of the best ways to market your…
Many businesses mistakenly believe that posting classified adds is a thing of the past. However, for local and small to medium sized businesses especially, classified add posting is just as useful a tool as it ever was for engaging with wider local communities and potential new customer bases. Media space is expensive. Moreover, whilst social…
According to statistics published in 2017 by the Small Business Administration (SBA), about one-fifth of business startups fail in the first year and about half of all employer establishments fail within five years. Only about one third survive ten years or more. Those statistics are rather grim. And while there are a multitude of conditions…
Most companies seem to be large amounts of data these days. The projection is that 40 zetta bytes will be created by 2020. Regardless of whether you are B2C or B2B company, data is relevant to the overall working of your business. Not only does it help you accurately target prospects, but helps address privacy…
When you first set up your business and decided that you were going to sell things to customers, you probably started thinking about the costs that were going to have to go into a store. You will have to find the location and build it, hire employees and manage them. You will have to make…
Although many homeowners are hooked on the idea of trying the repairs and save money, a little carelessness on their part can result in huge damages. Apart from the additional costs, people also put their own life at risk, when they intend to try electrical repairs at home. Listed Below Are the Reasons Why You…
It is not always possible to master all kinds of foods. Due to this reason, the establishment must come up with the concept of catering business and be dedicated in specific catering events and types of dishes to be prepared and served. The concepts of a good catering business incorporate the chef, the menu, the…
One should know the chances of a business thriving through its early stages as a business grows exponentially if you take your time to prepare. Startups can be a funny thing, the moment you start is the moment you realize that you are running a real business. Founders need to be calculative about matters such…