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The 3 Most Common Challenges Faced By New Entrepreneurs

YoungUpstarts

Not only must an entrepreneur have insight, diligence and tenacity to initiate an enterprise, he or she must also consider the common challenges that occur in operating a company on a day-to-day basis. Many new entrepreneurs seek financing from private banks that often aggressively seek out new business in the local community.

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10 Avoidable Mistakes Cause Entrepreneurs Much Pain

Startup Professionals Musings

Some entrepreneurs can’t decide if they want to be a Limited Liability Corporation (LLC) or a C-corporation, or they don’t have the money, so they put off doing anything until the first venture capital round, or until the first lawsuit occurs. This step shows everyone you are serious, and limits your liability on any mistakes.

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The 6 Most Common Mistakes That Inexperienced Amazon Sellers Make

Women Entrepreneurs Can

Choosing the wrong type of account might cost you time and even more money. Getting started as an individual seller and switching to professional trading accounts, with increased sales is a common practice and does not cost third-party sellers much money. It’s not just about the Amazon subscription fees.

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15 Entrepreneurs Explain How They Came Up With Their Business Name

Hearpreneur

The name of our company came from the name of our flagship product. Since we’re a mobile app company we wanted a product name that was short, easily remembered, non-controversial and at least somewhat descriptive of the service. This builds momentum and reduces the cost of the professional services.

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[Interview] Robert Morton, Toronto Business Leader and Former Home Capital Executive On New Product Development

YoungUpstarts

New product development is an essential part of the entrepreneurial landscape. Many people become entrepreneurs because they see a need or problem in the marketplace and have an idea to address it, improve the user experience or simply create a new efficiency. New products help companies continue to grow, thrive and generate revenue.

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10 Startup Shortcuts That Will Be Back To Haunt You

Startup Professionals Musings

Some entrepreneurs can’t decide if they want to be a Limited Liability Corporation (LLC) or a C-corporation, or they don’t have the money, so they put off doing anything until the first venture capital round, or until the first lawsuit occurs. This step shows everyone you are serious, and limits your liability on any mistakes.

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Many Startups Stumble on International Cultures

Startup Professionals Musings

I was once asked by a top executive of a major software company why we were not selling more products in Finland. I informed him that we needed to translate the software into Finnish at a cost of $50,000. Watch your product naming. Product naming is always a major effort and mistakes can result in costly failures.