Conflict is a natural part of business. You’ll always be seeking to make your business as successful as possible and your clients will always fight to get the most for their money. Sometimes, this means you will butt heads over relatively minor issues. Other times, this means you’ll come into conflicts that can hurt both your business and your client.
Do you have a great tech company idea but you’re a bit new to entrepreneurship? Working at your company but want to break off to start your own? I’ve been there and I can tell you right now that while it’s great, there are a few things that you need to keep in mind. Please don’t get discouraged by these difficulties, starting a business is always hard, but it can be one of the most rewarding things you ever do.
The Affordable Care Act, often referred to as “Obamacare,” has enacted major changes for healthcare providers since it was enacted at the start of President Obama’s first term. Perhaps the two biggest changes to the system have been the “individual mandate,” requiring that all Americans maintain health insurance coverage, and the opening of health care exchanges in each state.
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.