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Joju Mangalam US workforce is rapidly changing due to the aging of baby boomers. The first wave of baby boomers has already hit the retirement age and the next waves will be doing so constantly for the next twenty years (till about 2030). Meanwhile, all signs indicate that upcoming generations are not fully trained or educated […]
by Nat Wasserstein, JD, MBA, CFE I love technology. Technology is great. It can improve both your business and day-to-day life, and new technological tools are coming out every day that do just that. Just look at the evolution in personal and business computing beginning with large underpowered desktop systems and ending with the latest […]
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Depending on which industry you’ve chosen, the odds that your startup venture will fail within ten years are estimated to be between 65% and 85%, leaving you with pre-estimated success rate of 15% to 35%. And even then, these statistics depend on your definition of success. But you already knew that. What you might not […]
Robotics, as an industry, has been around for decades. Niche industries are now shooting off from robotics. Underwater robotics is one such off-shoot. Among practitioners of underwater robotics there is a small industry of intrepid pioneers that work in micro, or observation class (OC) ROVs. ROVs are remotely operated vehicles (a tethered submarine) and most […]
Not knowing your placement in your industry is one of the most common mistakes start up make when making a name for themselves. Once that is determined, everything should match so that you don’t confuse your customers. Are you the Walmart, Macy’s, or the Nordstrom in your industry? Wait! Before you give a knee jerk […]
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The current economy is creating many “accidental” entrepreneurs. For some people, this is the push they’ve needed to pursue the dream of setting up their own company. But, whether you’re an accidental or on-purpose entrepreneur, moving ahead without enough information can lead to some big mistakes early on. Besides potentially being costly, these mistakes can […]
Continue reading about How to prevent a Startup Failure by Beth Andrus
The primary reason startup businesses fail is due to management’s failure to correct one or more of the five key operating elements. To avoid failure, you need to understand what these elements are and how to effectively implement them in your business. Each element is discussed in this article. The first element is liquidity. This […]
Continue reading about The primary reason startup businesses fail by Joseph Phelon, MBA
Despite the tough economy, or maybe because of it, many people have decided to start their own business. History tells us that most of these businesses will fail within a few years. Here’s how to avoid becoming another statistic. Plan Ahead No matter what your idea is, you need a plan. Every business has customers, […]
Some people who would never set foot in a casino have no trouble spending tons of money and time on a start-up. “Gambling is just luck!” they say, “It’s completely out of your control.” Well, in gambling, at least you know the odds. They’re not bad actually: playing Blackjack, you can win about 45% of […]
Patrick Murphy, founder and CEO of Brand Thunder (www.brandthunder.com), is a first time entrepreneur in Columbus, OH. He recognized the branding and communication potential within the Internet browser and built a business that helps companies establish a persistent connection with their online audience. Brand Thunder’s interactive browser themes have attracted top-tier clients across categories […]
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