article thumbnail

22 Entrepreneurs Explain Their Major Accomplishments in 2020

Hearpreneur

We were not forced to lay anyone off and actually added employees during the pandemic. During a year of uncertainty, I am proud of us for finding the certainty within our industry and business model. Accomplishments for 2020 have been daunting for anyone running a business. Photo Credit: Justin A.

article thumbnail

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

At its peak, in 2010, Goodmail had roughly 40 employees. Overall, nonventure-backed companies fail more often than venture-backed companies in the first four years of existence, typically because they dont have the capital to keep going if the business model doesnt work, Harvards Mr. Ghosh says. Connecticut. Connecticut.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

29 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

#7- To prioritizes employee and client retention. It was becoming a business model destined to fail. It was becoming a business model destined to fail. The three of us had the exact opposite mentality and created a company that prioritizes employee and client retention. Photo Credit: Steven Randall.

article thumbnail

From Nothing To Something. How To Get There.

techcrunch.com

Also, for the full time coder, you may violate your employee contract especially in the area of non-competes or just plain piss off your boss when he finds out how much time you have been putting into a side project when deadlines were looming. Nosake From nothing to losing money every month with no business model in sight.

article thumbnail

Why Having A BHAG Is Critical To Your Company’s Success

YoungUpstarts

As employees work together to achieve this grand goal, they’ll come up with innovative solutions and new ideas. We started franchising and slowly expanded from Fairfield County in Connecticut over to New York. This mission is shared openly on our website, with potential franchisees, customers, and employees. Business model.