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Once you’ve made the decision to start a business — or even if you’re still deciding — it’s all too easy to find yourself making excuses that you’re “too busy,” or you have this or that obligation, or it’s not the right time.
Here’s how to make inertia your friend and get momentum on your side – all by setting aside only 15 minutes a day.
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If you listen to the media, it’s easy to get the impression that if you’re not in your 20s you’ve missed your chance and it’s too late to start a new business.
While the media may put most of their focus on younger entrepreneurs, in the real world, successful founders definitely skew older. In fact, research from the Harvard Business Review shows the average age of a successful startup founder is 45.
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The 5 things entrepreneurs over 40 have going for them that younger people don’t. Age truly can be an advantage in starting a business — so don’t listen to the media.
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It’s one thing to enter a new or underserved market where simply being there is enough. But to start a venture in a saturated market? How can you compete against dozens — or hundreds — of businesses that basically do the same thing?
In business there’s room for everyone... as long as everyone is different. But you have to be a special kind of different. Nail that, and you won’t really be “competing” against anyone.
Find out how in this episode.
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When it comes to attracting investors, it takes more than painting a rosy financial picture. Investors need to be romanced. To do that, you have to connect with investors on two levels: the head and the heart.
When you do that you not only grab their attention, but keep it. They sit up and take notice. They become interested. And ideally, they connect so strongly with the vision for your business that they want to get involved and fund it.
If you want to make that happen for your startup, here’s how to do it.
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“There’s never enough time to do it right, but always enough time to do it over.”
When you’re starting a new business, one of the most basic human urges is to dive in without stopping to think, evaluate and consider all the “details.” Here’s how to get it right the first time.
But if you want to succeed, you’ve got to rein in that urge. Admittedly, this can be tricky for entrepreneurs. We’re all smart, creative people with high levels of drive and passion — and that passion often leads us to put the cart before the horse, acting before we fully understand what we’re getting into.
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To get the critical real-world data needed to build a thriving business, you have to get out of the building and talk with 3 key groups of people.
Each group has valuable information that will ensure your business plan is a blueprint that’s firmly grounded in the realities of your market.
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There are a few of those preventable mistakes that fall into the “greatest hits” category — and that don’t always reveal themselves until your doors are open and you find yourself struggling.
Why not head 'em off at the pass?
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Yes, writing a business plan is a lot of work. And it demands a healthy dose of legwork and critical thinking, especially in some areas of business that may be unfamiliar to you.
But one thing is certain: Business plans are not is a waste of time.
They’re actually the best thing that could happen to your startup, and in this episode I’ll share 5 important benefits.
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I think we can all agree that financial projections are a key tool for any startup. And good estimates are your secret weapon for heading off unpleasant “rookie mistakes.”
So instead of viewing them as a “necessary evil,” let’s take a look at how to (realistically!) forecast your revenues and expenses and set your business up for success.
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