We have scoured the Internet and collected some of the best articles to share with you. On our Monthly Link Roundup for Startups, we have gathered articles to help Startups get the right footing and avoid mistakes.
1st, let’s look at the Do’s for a startup:
The success and failure of a Startup are highly dependent on your business model. In an overcrowded market, the right kind of foundation can help your Startup in becoming a thriving success or the wrong type can ruin it.
The good people at SnapMunk has shared 4 Startup models that might be the key to your success.
- The Marketplace Model
This model lets you bring together both the supply and demand into one place. It has great advantages in that there is little to no overhead and, depending on your product, there is no need to keep inventory… (Read more here)
The booming eCommerce market has attracted a lot of individuals in their ranks. However, as much as 50% of eCommerce Startups fail within the first 5 years. Why is that? What’s the secret to having a successful eCommerce startup?
Doug Darroch of 21st Renaissance has gone to such accomplished eCommerce store owners and learned what makes them successful.
- Careful selection of a product
The increased popularity of eCommerce and online stores has seen a surge in the number of stores. However, due to poor product selection or marketing, most have a tough time turning their stores into profitability… (Read more here)
The path to success is littered with failure. Every successful entrepreneur knows that. We learn from the past, not just our own, but also of others.
There are individuals who have gone through such path and help others by sharing their gained knowledge and insight. Matt Monday is such an individual.
He is an ex ESPN and Apple employee who’s currently working as the CPO of SRTV explains what he has learned throughout his years as a founder of a Startup.
He has put together an invaluable framework with tips that every Startup founder should follow for starting a company today… (Read more here)
One of the biggest barriers that every Startup faces is the issue of funding. Startups, by nature, are small in operation and have limited capital.
A lack of fund is the nightmare of every entrepreneur. No matter how good your Startup is, without proper funding, it is doomed.
So, how do you get funding for your Startup? How do you make sure that your business has what it needs?
The marketing Guru Neil Patel has listed 9 sources from where a budding entrepreneur might gather the necessary funding for his/her startup.
- Create a detailed business plan
Before you do anything else, you need to have a clear understanding of how you plan to operate your business… (Read more here)
It’s no secret that Startups face a lot of challenges during their initial stages. A lot of things can halt the growth of a company and there is no shame in getting a little help from an outside source. In fact, it might be even preferable.
That is where Outsourcing comes in. Thanks to globalization, Outsourcing is a powerful tool that can bolster any startup in their path to growth and innovation.
Tere Padillo of Cloud Employee has created an amazing infographic to take a quick look how Outsourcing is instrumental for startups… (Read more here)
A lot of factors play part in the success of a Startup. Finding the biggest reason behind it is no easy task.
Bill Gross, a giant in the industry with more than 150 startups under his belt was asked to answer that question.
Being such a thought leader as he is, analyzed his own companies and found a common denominator.
Nick Skillicorn, the founder, and CEO of Improvides Innovation Consulting upholds Gross’s finding and puts his own reasons for validating the biggest reason behind Startup success… (Read more here)
Now in our January Link Roundup for Startups, it’s time to take a look at the don’ts:
One of the fundamental facts of life is that you are bound to make a mistake sooner or later. This also holds true for Startups. There’s no way around it.
But these mistakes are lessons that teach us what we should be doing. And looking back, as an entrepreneur, you will feel glad that made that particular mistake.
Dharmesh Shah brings an unorthodox list containing the mistakes that every Startup founder should go through, that will inevitably help them in the long run.
- Get Screwed
It’s inevitable. Someone – your partner, co-founder, employee, investor, or any other character in your unfolding plot – will mess you over… (Read more here)
There are mistakes that help you in the long run, and then there are mistakes that can utterly ruin your Startup.
Making mistakes for a Startup is a common thing. However, when someone makes dumb mistakes, it is unforgivable.
In order to stave off Startup failure, entrepreneurs need to protect themselves from making some disastrous mistakes.
- Compromising on your business plan
Trying to start up a business without having a business plan is like trying to travel to a place you have never been to before without some sort of navigation tool. You will certainly get lost… (Read more here)
The early portion of a Startups life is very vulnerable. Crippling mistakes during this period can force a failure to launch. There is nothing more devastating for a budding entrepreneur than seeing your venture fail during the initial stages.
Luckily, individuals such as Richard Branson and Mark Cuban, who have made such mistakes but overcame them to become great success can shine a light on this topic, so that others can avoid their mistakes.
The 8 biggest such mistakes to avoid include:
- Trying to do everything yourself
There are only 24 hours in a day. If you want to get a good night’s sleep, which is absolutely necessary to perform at peak levels, the reality is that you can’t do everything yourself… (Read more here)
Conveying information to others sounds like an easy task, but a lot of people struggle to do it in a manner that is appealing.
Being able to present your ideas and stories is a crucial task for entrepreneurs, especially if you are communicating with potential investors.
There are people who can make a great presentation dull. What are those things that make a presentation unbearable or hard to pay attention to?
Enter the Co-founder of HighSpark, Eugene Chang. A presentation machine, Eugene Chang outlines three aspects that entrepreneurs struggle with when communicating their ideas and stories.
- Becoming overly technical
Sometimes, speakers can get so wrapped up in delivering their presentations that they forget about the needs of their audience… (Read more here)
Here you go, all the January Link Roundup for Startups focusing on the Do’s and Don’ts for a startup business.
Make sure to check back next month for the next Link Roundup for Startups.