article thumbnail

Startups: What are your odds for success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. Starting a company is HARD – in so many ways. I read several years ago, that the average startup restaurant lasts only about a year. Restaurant startups would not top my list. And risky too. What does THAT mean? And, the U.S.

Startup 266
article thumbnail

What are the odds of your startup’s success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. Starting a company is HARD – in so many ways. Let’s start with a restaurant -not our thing. But… I read several years ago that the average startup restaurant lasts only about a year. Restaurant startups would not top my list.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is it YOU or your great plan?

Berkonomics

But the most important ones for any size business, including start-ups, is: Do you believe it should be the quality of your management team, or the plan you execute so brilliantly toward your success? Here’s a test: Several weeks ago, we published statistics of start-up and company failures.

article thumbnail

6 Information Surges Raise Huge Startup Opportunities

Startup Professionals Musings

It’s enough to drown any business which tries to fight it or ignore it, and it’s an opportunity to ride higher and faster than even the successes of Google and Facebook, for those startups that use it as their driving force. For startups, this is an engagement opportunity worth billions of dollars. Big data:” learning from the flood.

Startup 126
article thumbnail

Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

This is part of my ongoing series called “ Start-up Lessons.&#. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I paid up for the diploma but can’t say that I saw better results. So back to MBAs.

Startup 337
article thumbnail

7 Startup Marketing Strategies To Bring In Customers

Startup Professionals Musings

Contrary to popular opinion, viral marketing has not eliminated the need for old-fashioned lead generation to bring customers to a startup. His professional background includes having held marketing-executive roles at big companies as well as startups. Email marketing. Social-media advertising. Cold calling.

Customer 146
article thumbnail

Have you heard the rule of the thirds?

Berkonomics

It starts with sharing the opportunity and upside. Think of startups and early stage businesses whose entrepreneurs you know. Nearly none, if statistics and experience are key to the answer. First, there is the entrepreneur , the visionary, and force behind the venture from start to finish. The sum of three parts.

Startup 240