Wed.Jun 14, 2017

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Tesla Lost $700 Million Last Year, So Why Is Tesla’s Valuation $60 Billion?

Steve Blank

Automobile manufacturers shipped 88 million cars in 2016. Tesla shipped 76,000. Yet Wall Street values Tesla higher than any other U.S. car manufacturer. What explains this more than 1,000 to 1 discrepancy in valuation? The future. — Too many people compare Tesla to what already exists and that’s a mistake. Tesla is not another car company. At the turn of the 20 th century most people compared existing buggy and carriage manufacturers to the new automobile companies.

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How and Why You Should Validate Your App Idea Before You Build

Up and Running

Almost on a weekly basis, I meet new aspiring entrepreneurs looking to execute on their ideas. Some believe in the all-in approach to product development: build an advanced app. If it works, they’ll hit it big, and if it doesn’t, they’ll make some changes and do it again. Others believe in the start small, grow strong approach: build a small version of the app, test user demand, and then take it from there.

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Do my startup’s lawyers need to be local?

Austin Startup

TL;DR : No. Most top startup lawyers have clients in many different cities, and lawyers specializing in emerging tech/startup work usually only exist in denser tech ecosystems. Background Reading: Bad Advisors: The Problem with Localism Navigating Referrals in a Connected Startup Ecosystem How to avoid “Captive” company counsel Gatekeepers v. Ecosystems If you live in a small town/city and need specialized (not general practice) medical care, you most likely need to look to a larger city to find

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Convert Your Ideas and Messages Into Memorable Narratives

Duct Tape Marketing

Convert Your Ideas and Messages Into Memorable Narratives written by John Jantsch read more at Duct Tape Marketing. Marketing Podcast with Ron Ploof. Podcast Transcript. I enjoy it when someone can take a complex idea and make it simple without removing its initial power and intent. Storytelling is all the rage these days, but few are equipping people to actually use the power of stories.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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7 Demographic Shifts Bring Great Business Potential

Startup Professionals Musings

If every entrepreneur could predict the future, starting the right new business would be easy. Since my experience and interests have been primarily with technology, I’ve been watching those trends for a long time, and I see rapid change, but predicting impact is a challenge. Recently I’ve changed my focus a bit to people demographics, and I find the implications a bit more concrete.

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Do’s And Don’ts After Falling Behind Financially

YoungUpstarts

By now, you must have learned that cutting personal debt is easier said than done. Going at it alone without any help is even more challenging. Some basic guidelines go a long way to help you achieve your goal. Remember, to be financially independent, you must first strive to be debt free. To improve your money management skills, you must first begin by evaluating your financial situation.

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Optimize Your Funnel By Getting Inside Your Buyer’s Head

For Entrepreneurs

Part of finding product/market fit is turning early wins into repeatable, scalable, and profitable sales. In my talk given at Heavybit as part of their speaker series, I discuss how to design a great sales process, analyze the buyers journey, and shorten the time to customer conversion from trials, freemium and open source products. Using examples from companies.

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Benevolent Capitalism: A New Possibility In Business

YoungUpstarts

by Gary Douglas, co-author of “ Benevolent Leadership For A Better World: Unlocking Benevolent Capitalism “ Capitalism is often seen as promoting inequality and unfairness. It has become about having the most, getting your share and not considering anyone else. Rather than looking at what is being created in the world and the impact it will have, capitalism has been about creating maximum profits.

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27 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Each business has a story. No matter if the business is a Goliath like Wal-Mart, or a local business owned by a couple or family, the business has roots in an idea. For each business owner, the story of their journey can range from monetary needs or the passion for a unique project. Each story is different though the reasons may be the same. No matter the tale, the background behind each and every business is what fuels each and brand.

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How To Increase Brand Visibility With Local SEO

YFS Magazine

Learn how to effectively position your brand to be found when people search online. Optimize your local SEO strategy with these 5 tips.

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Ironheart Corporate Advisory Aims to Disrupt Legacy Companies by Accelerating Growth in Mid-Level Firms

The Startup Magazine

There has been solid growth in the number of middle market firms in the US, according to The Middle Market: Power Index conducted by Commercial Database company, Dun and Bradstreet. Between March 2011 and March 2016 the number of middle market firms nearly doubled, up 87 percent, while employment and revenues did double. With 183,000 mid-level firms reported in 2016, these companies play a significant role in the entrepreneurial world.

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How To Break Up With A Toxic Client

YFS Magazine

If all of your best efforts fail, it may be time to say goodbye. Here are several things to consider before you pull the plug.

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Why I choose people over profit

Start Up Blog

I’m currently working on a TV show with some major producers and media stations. I’ve teamed up with someone to make this a reality, and quite frankly the concept is strong – first of it’s kind globally and I know it is going to rock. Put it this way, it’s something the world needs right. Continue reading → The post Why I choose people over profit appeared first on Steve Sammartino.

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Technology to Improve Efficiency and Scale Your Business

The Startup Magazine

U.S. small businesses enjoyed an average annual sales growth of 7.3 percent going into the last quarter of 2016, marking the fifth straight year where American companies have enjoyed sales growth above 7 percent. Meanwhile net profit margins averaged 8.1 percent, a point higher than a year earlier and double the net margin for the year ending in September 2011.

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4 Well-Known Companies to Emulate

Growthink Blog

I recently wrote that, when it comes to customer relationships, most businesses should NOT emulate Amazon, since Amazon's margins are so thin. Many of you replied with "then who SHOULD we emulate?" So, I did a bit of thinking and came up with 4 well-known companies to model. They are: For margin, Warby Parker. For recurring revenue, Uber. For profitable reselling, Grainger.

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John Berkowitz, Yodle and OJO Labs Co-Founder Discusses Building Companies on Ideas to Invoices

SiliconHills

In 2005, John Berkowitz was getting ready to graduate from George Washington Unviersity and was exploring what to do with his life. His childhood friends, Ben Rubenstein and Nathaniel Stevens, convinced him to join them in building Yodle, a provider of online advertising and marketing services to small businesses. They grew Yodel into a large […] The post John Berkowitz, Yodle and OJO Labs Co-Founder Discusses Building Companies on Ideas to Invoices appeared first on SiliconHills.

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This Parasite Alters Mice Brains To Crave Cat Urine

Hunter Walker

I was talking microbiome science the other day with an industry expert. One of his interest-areas involves what aspects of our personalities, needs, desires are potentially controlled by microbiomes. As part of this investigation he told me about a 2007 study identifying a parasite that “brainwashes” mice to crave cat urine. This would seem to be disadvantageous to the mice.

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The one word that Buffett and Gates claim has been the biggest reason for their success

Jeff Hilimire

When Bill Gates and Warren Buffett ( I’m kinda obsessed with this dude ) were just getting to know each other, they were asked by someone to write down one word on a piece of paper that has made the biggest impact in their success. They both independently wrote the exact same word: FOCUS. Obviously, I couldn’t agree more. In fact, here are some of my thoughts on focus: What a crushing defeat in tennis taught me about the power of focus. 5 Steps to help you focus and be exceptional at

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Streamline These 5 Common Company Processes With Online Forms

YoungUpstarts

by Leeyen Rogers, VP of Marketing at JotForm. Your time is very valuable to your company, and to you! It’s not unusual to be buried in email and burdened with administrative tasks that have not yet been automated. No one wants to waste time doing mundane tasks that can be streamlined and made more efficient with the help of an online form building tool.

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Give Your New Business a Jump Start with an Effective Landing Page

crowdSPRING Blog

Every new business hopes to launch to immediate accolades and tons of sales. But, the truth is that most businesses start slowly. And, if they’re lucky, they last long enough to survive and grow. But, what if I told you there’s a simple way to create momentum before your new business even sets its feet on the ground? Not to mention build credibility and generate sales leads?