No human is perfect, and as such failure at some point or another, is failure. Some mistakes are more serious than others, but overall, what's more important isn't how much or how big you fail, but instead how you react or bounce back from failure.
We asked 11 young entrepreneurs what advice they would each most like to share with others about failure. Just because they are successful entrepreneurs now doesn't mean they aren't experts on failure. In fact, many would argue that failure is often an unavoidable and vital step on the road to success.
Knowledge and optimism are two vital fluids in the machinery of innovation and entrepreneurship. Knowledge gives us the vision to see gaps in the market where our innovation could fit and optimism gives us the drive to see those ideas through. Those heady moments when both come together to crystallize into a business idea can change the course of lives.
Crowdfunding has only been around for less than 10 years, and it has quickly grown into serving as a major source of startup capital for entrepreneurs. Kickstarter, IndieGoGo and Rockethub were three of the original crowdfunding platforms. Kickstarter has swept ahead of other sites raising more than $283 million for 68,878 projects in 2012, acknowledges Alley Watch.
Use the following three tips from successful Kickstarter projects as a guide on how to use crowdfunding to raise capital for your business.
In the Looney Tunes cartoons, the roadrunner is constantly getting the best of the coyote. Whether it's the failing contraptions the coyote foolishly invests in, or the fact that the roadrunner is just faster, the bird is always one step ahead.
Perhaps Google is taking its cues from the classic cartoon with the latest update that it says will bring answers and content directly to the user. The search engine is using more real estate to try and answer user queries without directing them off Google properties. This has some site owners concerned. If you're one of them, you need some advice on staying one step ahead of the bird.
For most businesses, a loan is the difference between opening or expanding and seeing a dream go unrealized. Unless you're independently wealthy, or have a rich uncle who believes in you, you're going to need a loan for expansion, for payroll, for inventory, for start-up costs.
There is a right way and a whole lot of wrong ways to apply for a small business loan. Follow this guide and get it right the first time.