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23 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

I owned a mortgage company when the mortgage industry crashed and lost almost everything pushing me to the brink of personal bankruptcy. My goal is to show up as the #1 search result when people search for a word counter so we can capture the vast majority of those clicks. Photo credit: Ty Crandall. Photo credit: Kevin Miller.

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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

Poorly calculated LTVs can become BVs (bankruptcy values). So if you paid $100 for a customer who converted via a Facebook ad or Google search ad (SEM) that is not your CAC. In SaaS (or any recurring revenue business) this is also a very difficult task. One big, beginners mistake people make in LTV is to measure revenue.

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The Top 5 Benefits Of Social Media On Small Businesses

YoungUpstarts

Additionally, small businesses are at a higher risk of bankruptcy because of the potential of large chain stores putting them out of businesses and the increasing use of online shopping; therefore making a strong online presence crucial to stay in business. Brand Loyalty. Generate Leads. Take Advantage of Social Media.

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How to Turn Leads Into Loyal Customers: A 5-Step Guide for Startups

The Startup Magazine

And without a steady, sustainable stream of new customers, cash reserves will dwindle, revenues will dry up, and bankruptcy will inevitably ensue. Without consistent revenue streams, growth is virtually impossible, and a business’ attractiveness to investors quickly diminishes. Leads are the lifeblood of any company.

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Organization That Failed to Innovate – Avoid Their Fate

ReadWriteStart

Rental subscriptions and late fees were the main drivers of revenue for the organization. The deal could not materialize — and now the situation is such that the success of Netflix was one of the primary reasons behind the bankruptcy of Blockbuster. To learn more about Yahoo, we search on Google.

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Want to Know Your Chances of Securing a Loan? Use This Cheat Sheet

Up and Running

Many business owners want to know their chances of getting approved (or that they even stand a chance) before investing their time into searching and applying for loans. Your annual revenue. Revenue is also very important in determining loan size. Annual revenue of $50,000+. Must be 3+ years out from a bankruptcy.

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8 Risky Business Investments That Paid Off Big

YoungUpstarts

Considering how incredibly popular Harley-Davidson is today, it’s hard to believe that the motorcycle company was ever on the verge of bankruptcy, but it’s true. Harley-Davidson experienced near-bankruptcy from 1969 to 1981 when the American Machine and Foundry (AMF) bought the company and turned it upside down. Harley-Davidson.