article thumbnail

8 New Business Keys To Success For Real Entrepreneurs

Startup Professionals Musings

The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever.

article thumbnail

7 Ethical Fictions Lead Many New Entrepreneurs Astray

Startup Professionals Musings

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. As an example, companies often realize that faulty products are slipping out, but they delay a recall, sighting that strictly legal requirements are being met.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Efficient Methods For Boosting Startup Revenue

YoungUpstarts

Without enough capital, entrepreneurs don’t have the means to invest in the development and growth of their brand. Though you may not have much to work with now, if your startup is to succeed, you must work consistently at finding and executing plans to increase your revenue. Review the Costs of Products or Services.

Revenue 100
article thumbnail

10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. Plan to deliver a family of products, rather than a one-trick pony. In reality, all risks are not the same.

article thumbnail

10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Consider licensing your product or intellectual property, and “white labeling.”

article thumbnail

What Entrepreneurs Should Ask Themselves Before Using AI Tools to Start a Business

The Startup Magazine

From identifying your audience to understanding the market and mapping out your finances, entrepreneurs have found they have a lot to do before building a successful venture. But luckily, gone are the days when entrepreneurs have to spend countless hours on these beginning steps. Can I create a tailored product?

article thumbnail

20 Entrepreneurs Explain How Quiet Quitting Affects Entrepreneurship

Hearpreneur

When entrepreneurs silently disengage from their ventures, it can result in missed opportunities for innovation, loss of valuable expertise, and a chilling effect on the entrepreneurial spirit within communities. We asked entrepreneurs, and business owners how quiet quitting affects entrepreneurship. Here are the responses. #1-