Entrepreneurship Tips — Raw Startup
Everyone Wants to Be an Entrepreneur
Posted by Robert Norton on
By Arielle Pardes Applications for new businesses rose 20 percent last year, after languishing for a decade. Many newly minted founders attribute it to the pandemic. ANGELA MUHWEZI-HALL HAD a startup idea long before the pandemic—it just never seemed like the right time. She had a steady job at a university, a 401(k), and the ability to take paid time off. Then came March 2020. As the university shut down and Muhwezi-Hall retreated to work from home, she started to think about making the leap. What she wanted to build was a job platform for service workers. While the idea was...
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Start me up: 2021 is on course to be a record year for new businesses
Posted by Robert Norton on
By Gene Marks Amid the economic upheaval of the pandemic, it may seem counterintuitive that startups have reached unparalleled levels Silvette Bullard is a school counselor by day and bakes in her spare time for customers. She launched her Julobell Bakery in June 2020. Photograph: Robin Rayne/Zuma Wire/Rex/Shutterstock There have been more new businesses formed so far this year than ever. Literally ever. A year ago I wrote about the surge in startups, 12 months later the trend has continued in a big way. According to data from the US Census Bureau analyzed by the Economic Innovation Group, there were about 1.4m new...
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How Do I Start My Own Business From an Idea?
Posted by Robert Norton on
Well, I think the question is the wrong one to ask, really. It trivializes entrepreneurship. Would you ask, “How do I do my first brain operation?” Or “how do I play Carnegie Hall? Nope! The question should be what do I do to prepare to launch a startup? First understand that ideas are literally worthless. The press promoting the concept that an "idea is worth millions" is a problem. Building a company takes many things, and the person with only an “idea” has no chance. It is typically a 3 to 5 year to turn an idea into a business....
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Job Scope in Early Stage Companies
Posted by Robert Norton on
In any startup company, EACH employee MUST wear many hats. In a large company, job specialization is the rule. However, job specialization does not make for a successful startup, as it requires too many people and both the costs and risks would greatly increase with the added levels of people and communication. It is a well-known fact that there are diminishing returns with each layer and additional employees on any project. This is even more pronounced in knowledge-intensive areas and professional services like software engineering and other knowledge and design-intensive areas. (Read The Mythical Man-Month). In early-stage and smaller companies,...
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- Tags: Pre-Startup, Raw Startup, Recruiting
How Do You Grow a Company To $100 Million?
Posted by Robert Norton on
Launching a startup company may be the hardest thing you ever do. This is a big question with many moving parts and hundreds of things to get right that comes from experience and art, not just black and white answers. However, there are many things that can be easily agreed on that will go a long way to getting you there. First, let's talk about the stages because it is clear that there are very different skill sets and modes of operation at different stages of the company's development. Let's call these stages Raw Startup, Early Revenue, and Established. Raw...