Starting a company with a new product invention provides both excitement and challenges for an entrepreneur. Bob Steffen is certainly aware of this. He has started several businesses, but his most recent venture presented the greatest difficulty.
Because of the internet, preparing a meal has never been easier as long as you can follow instructions. Unfortunately, a subject with plenty of information can overwhelm someone conducting a simple web search. Millions of search results make selection difficult.
Not every new company immediately starts on the right path for long-term sustainability. Adjustments are made as markets and technology changes. Luminate made extensive changes in its brand about a year ago and even changed the company name from Pixazza. The company’s direction has now attracted new financial backing. Luminate recently raised $10,700,000 from investors.
Investors have emphasized repeatedly that they are inclined to allocate capital for new companies that have the strongest management teams. A lesson is available from this that is applicable to everyone starting a business of any size. That is, every accomplishment at a business enterprise is the result of assigning objectives to people with the […]
If you ask any entrepreneur, they will tell you that the biggest barrier to living their dream is the funding needed to get their business off the ground. It doesn’t matter if you’re a first-time entrepreneur or somebody who has started numerous businesses in the past, the problems are the same.
If you want to be an entrepreneur, there may be one skill above all others that you need to have or need to learn: Sales. Even if you’re the best at what you do other people don’t know that and that’s where your ability as a salesperson goes to work. The late Steve Jobs was […]
As new daily deals sites arise for specialty interests, Lot18 focuses on a product that some experienced entrepreneurs are drawn to as investors. Lot 18 caters to wine lovers. Two of its fans are the founders of Quidsi, which sold its Diapers.com and Soap.com brands to Amazon in 2010 for $545,000,000.
Every new business has a different story to tell when attracting angel investors. There’s no magic formula to assure raising capital when starting a corporation. But there are some common factors that are always in the forefront of angel investor assessment.