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5 Startup Funding Models That Depend On The Consumer

Startup Professionals Musings

This model facilitates donations to charities and creative projects, and has been around for a long time via sites such as GoFundMe. This model been popular in many countries for years, where banks loans are not available, via sites such as LendingClub and Kiva. Other popular sites for startups, including StartupNation and Startups.co

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Finding a strategic partner, investor or buyer

Berkonomics

Research is paramount, and sources are everywhere, especially for public companies and large investment firms. When taking their money, you made a promise to “make them liquid” someday, not to build a lifestyle business where they would be trapped forever, unable to see a return on their investment. Start with the “matrix method.”.

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5 Crowdfunding Approaches To Tempt Every Entrepreneur

Startup Professionals Musings

This model facilitates donations to charities and creative projects, and has been around for a long time via sites such as GoFundMe. This model been popular in many countries for years, where banks loans are not available, via sites such as LendingClub and Kiva. Other popular sites for startups, including StartupNation and Startups.co

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6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

You can now skip the mandatory office space rental, with secretary and bookkeeping staff, or outsourcing. Minimize investment in prototypes and tooling. Today, productivity is way up, you can do most anything yourself, and you can outsource to contractors with more skill and less cost.

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7 Modern Day Business Strategies For Long-Term Growth

Startup Professionals Musings

I continue to be amazed that more than a quarter of new businesses don’t even have a website , and many more don’t pay attention to social media, or monitor feedback on sites like Yelp. At minimum, that requires a modern website, and visibility on relevant social media sites, likely including Facebook, YouTube, and Twitter.

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6 Reasons To Build A Working Model Of Your Solution

Startup Professionals Musings

In reality, it doesn’t take a huge investment of money and time to build a prototype today. With a realistic prototype, you can get more accurate feedback from customers on their real need and what they might pay, before you invest millions on the final product. You should never outsource the management of your core technology.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. Customers won’t pay to see your new employees learning on the job, and outsourcing the real work to a cheap labor source is a recipe for disaster.

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