October 1, 2014

Startup Advice in the Small Business News

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What are some of the best pieces of advice you could give to a fellow small business owner during startup? Starting a business can be a very stressful but also a very exhilarating experience. We’re always aiming to help the Small Business Trends community with the best advice for both starting and running a small business. Read the links in the roundup below and, if you can think of anything we’ve missed, be sure to share it in the comments. Enjoy! :)

Basics

Ways in which a blockbuster action movie is like a startup? What do rebooting a sagging motion picture franchise and launching a magnificent business offering have in common? Both should offer something new and different to the world. And both require imagination, vision and leadership to achieve. Fast Company

Out of Africa. Here is a look at the hottest and most innovative incubators across the African continent, from Nigeria to Ghana to South Africa and beyond. What can the rest of the world learn from these startup ideas? How can they change the way you think about your startup today? memeburn

The truth about women entrepreneurs. According to a recent Australian study, women launch twice as many new businesses as their male counterparts these days. But perhaps more important than this statistic is the reason. The numbers also may suggest a greater desire for work-life balance. Why do you want to start a business? StartupSmart

Tips

Important tips for mompreneurs. Even though many women small business owners, and others, may have lifestyle goals as their motive for creating a startup, the fact remains a business is a business and there are some things you should never do if you want to keep your clients or customers happy. The Work At Home Woman

Mending partnerships after a startup. Partnerships can make a lot of sense in the beginning of a business. More people to spread the work around can sometimes bring increased productivity, new ideas and growth. But after the honeymoon is over, you may wish you had set better ground rules. Bloomberg Businessweek

Deciding whether you need a partner in the first place. Perhaps the best way to avoid trouble with partners beyond the startup phase, problems that may only grow worse over time, is to take a better look at whether a partnership is really necessary at all. This post from a series on startup basics may help you ask the right questions to avoid painful problems later on. Talan

Success Stories

Teen sells cloud startup. What can you learn from other successful startups? We may not all be programming genius’s who mastered HTML at age six. (In fact, some of us may not have even had HTML back in those days :) ) But Daniil Kulchenko’s story does provide an important pattern for creating a new business. What key elements help a startup take off? The Register

Smarterer key to success: creating something useful. Don’t under estimate the importance of creating a business that fills a need. Does your business provide something useful? More particularly, does it provide something useful that no one else is offering now? If so, you may indeed have the makings of a successful startup. Mass High Tech

More Advice

Business disagreements can be worse between friends. While many startups are founded by friends or family members, the simple disagreements that tug at any partnership can be worse when a personal relationship is superimposed. See the list of misunderstandings that can occur during startup. How much worse could any of these be with a friend or family member? Fox Small Business Center

Tips on selling your startup. It’s all anyone in the startup sector can talk about these days, especially after reading success stories like the ones above, but selling a startup takes some careful consideration and should not be rushed into without careful planning. Here are nine things you should remember when thinking about finding a buyer for your company. Washington Post

2 Comments ▼

2 Reactions

  1. A lot of these links led me to great information and seemed to cover a lot of necessary areas of small business. I think another useful tip would be to make sure to develop strong (and mutually beneficial) relationships with your clients, neighbors and community.

    Great info!

    Chris B.

  2. The best tip for a start up is hire people that know something you lack – I have recently started a small business and have been looking for websites to help advertise my business – have anyone here ever used http://www.boostasite.com , it may help others in a similar situation

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