Although “MVP” used to be only a sports term (most valuable player), it’s taken on new life as part of the lexicon of entrepreneurs getting something new off the ground. But what exactly is an MVP (minimally viable product)?
Though funding a startup is easy than ever, and technology has drastically cut costs for many must-haves, one statistic has failed to change: 50% of all new companies fail within the first five years, according to the SBA. This stat freaks out loads of entrepreneurs — and not just newbies, but also those who have been in …
Read moreFive Entrepreneur Focus And Productivity Tips For 2020 And Beyond
Would be entrepreneurs can take years trying to think of ideas or even problems that they could solve to potentially launch a startup. Most new startups though are based on iterations of an existing product or service slightly improved or innovated.
The global business ecosystem reported a mostly uneventful year in a healthy market with inflation comparable with the past few years. With an annual rate of 2%, inflation forecasts from Statista predict an ongoing rate of 2% to 3% over the next 5 years.
As we enter 2020, marketers and business owners must prepare for upcoming digital marketing trends. The landscape of marketing is constantly changing, and if you don’t keep up, you’ll miss out on ways to bring your business to new heights.
The end of the year is not just a great time to take personal inventory. It’s also a great time to review the assumptions and goals of your business and financial life.
Most entrepreneurs launch their startup while students, employed or running another business. The idea of needing to quit everything before building a startup is bad advice, at least in the early stages of the venture.
During the month of December, it’s fashionable for pundits to make predictions for the coming year; as a venture investor, I feel pressure to look further out. Venture capital provides a unique perspective on the future, because the plans of early stage startups illustrate a roadmap for how technology trends and markets might unfold.
If you have a problem you are passionate about solving, it’s always a good time to become an entrepreneur. But now is an especially good time because:
This year it is 25 years ago that John Elkington coined the “Triple Bottom Line” of People, Planet and Profit (also known as the 3Ps, TBL or 3BL).