Launching a new business is exciting, but it doesn’t come with any guarantees. The good news is we know what attributes successful startups tend to have in common: they produce a product or service that meets a specific need, they thrive on the uncertainly of startup culture, and they don’t run out of cash.
Building a company for the purpose of selling it is a proven strategy for a fast payoff. Like any asset, the more attractive a business is to potential acquirers, the more likely it will be purchased. Focusing on the key elements that larger brands examine when they consider an acquisition is crucial for obtaining the best price and for establishing a corporate brand that distinguishes itself from its competitors as a valuable asset. There is a strong argument that can be made for preparing to sell your company from Day 1 by strategically positioning your company in a growth industry where merger and acquisition activity is likely.
Entrepreneurship is undergoing many technological changes. The rise of powerful new tools for automation and management of business tasks is taking the world by storm, because it lets one entrepreneur accomplish much more with their time than they ever could before. That opens up new possibilities for them in terms of what to do with their business and how long they can run it alone.
At this point most people know you can learn just about anything online, but MentorMob founders Vince Leung and Kris Chinosorn found weeding through free online instruction to find quality content cumbersome and tedious. The founders are lifelong friends and lifelong learners from Chicago who have had successful careers in tech before joining forces to create the ultimate free social online learning destination that takes the best teachers on the web and curates their content into MentorMob learning Guides.
The rise of startups is becoming one of the strongest engines of job growth and economic growth all around the world. As the capital needed to start a small business continues to fall, the number of software companies being started is exploding. These companies are also no longer limited in areas near venture capitalists in Silicon Valley, Boston, and New York City, and practically anyone can join startups in their local cities — or even across the globe as a remote employee.
We recently sat down with Luc Berlin, co-founder of Miigle, a SoCal startup that has an aggressive global mission to bring entrepreneurs together from around the world. We first interviewed Luc in 2012, just as he was launching the prototype for Miigle. We followed up with Luc to see just how he’s been managing the entrepreneurial waters. On the day of Miigle’s public launch, we chatted about developing his team, lessons learned, and how World Cup soccer fits into his vision.