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Tuesday, July 9, 2013

Why raising smaller amounts is good for business?



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From: SmartBrief on Entrepreneurs
Date: Sat, Jun 29, 2013 at 3:23 AM
Subject: Why raising smaller amounts is good for business





Mobile-payments startup brings in $25 million in seed funding | Leadership doesn't mean ordering people around | Customer feedback is critical for startup success
Created for profjorge.entrep@gmail.com |  Web Version
 
June 28, 2013
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Bold VenturesSponsored By

Mobile-payments startup brings in $25 million in seed funding
A startup called Clinkle has brought in $25 million in seed investment to support its mission of revolutionizing mobile payments. The company is taking a software-based approach to payments rather than asking companies to buy new hardware, but details about Clinkle's application are hazy. The company plans to gain initial traction in the mobile-payment space by building a following on college campuses. CNNMoney/Fortune (6/27), Forbes (6/27)
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Leading the PackSponsored By

Leadership doesn't mean ordering people around
Good leaders recognize that their workers aren't automatons and don't try to make every single decision for them, writes Mary Jo Asmus. If you're feeling bogged down, try delegating, thus giving yourself more space to focus on the bigger picture, Asmus advises. "You'll be surprised at how smart and capable they are," she writes. Aspire-CS.com (6/24)
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Customer feedback is critical for startup success
The key to building a successful company is to collect feedback from your customers throughout every phase of growth, writes Brian Casel. "You'll find that customers respond differently depending on which phase you're in; prelaunch beta users tend to be more engaged than casual post-launch trial users," he writes. He provides several suggestions for how to gather input as you move from idea to execution. Mashable (6/27)
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The most important SEO strategies
Entrepreneurs shouldn't pour too much time into search-engine optimization, but following a few strategies can help your website to climb search rankings and attract more traffic, writes Bryan Janeczko, founder of Wicked Start. Among them: Make sure your URLs are descriptive, create site maps and add headers and subheads to help you format your writing. SCORE Small Business Success Blog (6/26)
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Why raising smaller amounts is good for business
Getting a big check from a venture-capital firm may be exciting, but it isn't necessarily the best thing for your business. Instead, it may be wise to raise smaller amounts early on, which can help you to retain equity in your company and ease the pressure that can come with a large funding round, writes Eric Markowitz. Inc. online (free registration) (6/27)
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Why your business will benefit from the Golden Rule
There are plenty of rude people in the business world, but your business will reap the benefits if you are able to keep your cool, writes Rebekah Epstein. Being nice will help you to assemble an effective team, stay energetic and develop a positive reputation, she writes. "Next time a partner snaps at you, respond with a smile," she advises. "When a customer sends a dreadful e-mail complaining about everything, take five deep breaths before answering." YoungEntrepreneur.com (6/27)
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4 Tips For A More Effective Attribution Strategy
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How to cook up innovative ideas
Creative types should aim to be more like crock pots than frying pans, writes Behance founder Scott Belsky, because it's better to give your ideas time to simmer and mingle. "When you cook something slowly, at lower heat for a longer time, the flavors and textures can yield culinary masterpieces. The process of our own creations isn't much different," he writes. 99U (6/21)
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Learning from mistakes is critical, entrepreneurs say
Successful entrepreneurs make mistakes, but they are able to turn these missteps into learning opportunities for the future. "I always try to find the people who are just a little bit ahead of me and learn from their mistakes," said Menkiti Group founder Bo Menkiti, one of the entrepreneurs who participated in a recent panel discussion. Menkiti says he learned from a situation earlier in his career in which he didn't do enough to keep his employees on the right track. RepCapitalMedia.com (6/27)
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Best disaster preparedness apps from TechSoup donation partners, government agencies, and nonprofits. Tech Soup, by Ginny Mies


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SmartQuote

Customer feedback isn't just for the pre-launch and early traction phase of your startup. It's critical that you prioritize customer feedback on an ongoing basis."
-- Brian Casel, writing at Mashable.
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