Yes, you’ll fail. This is how you’ll actually learn from it

  Failure is an inevitable part of the entrepreneurial journey and even the most successful entrepreneurs experience failure at some point. While having a positive attitude towards failure is a good indicator of future success, the advice we often hear about embracing failure can be counterproductive as it conflicts with our natural, emotional response. Here, Gwen Moran shares some top tips from executive coaches and leadership experts on the steps you can take to manage your emot...
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The 2-day goal setting process that will make 2019 your best year yet

While many business leaders prefer to set aside time towards the end of the year to plan for the next, it's not too late to put together your annual plan for 2019. What's important isn't when you do your planning; it's how you do it that matters, says business coach Bruce Eckfeldt. It's important to remember that annual strategic planning is a decision making process that's less about setting numerical targets and more about "making tough but important choices," says Eckfeldt. Her...
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What it takes to successfully scale your startup

The transition from startup to scaleup can be challenging and it's important to have an effective strategy in place to prepare your business for successful growth. The key is to lay a solid foundation that will help you achieve a healthy growth rate. If you scale too rapidly you risk making mistakes that may be difficult to remedy later and if you scale too slowly you could miss out on valuable opportunities, says Bill Clark. Here, he shares a few things to keep in mind when planning your scalin...
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Seven steps to achieve product market fit

The biggest cause of startup failure is running out of money before achieving product-market fit. "Entrepreneurs often get so excited about what they have built that they overlook the market demand/need and they build a solution in search of a problem," writes Pourya Moradi. To help you achieve repeatable, scalable and profitable growth, he shares here a seven-step guide to achieving product market fit—from accurately identifying the pain point to maintaininga healthy customer lifetime value to ...
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Tips and tools for keeping your high growth startup on track

While you want your startup to grow as quickly as possible, it's important to keep in mind what "possible" means. Trying to grow too quickly can be just as dangerous to your business as not growing at all. And rapid growth that exceeds your resources or your capabilities will kill your business. Successful scaling needs careful planning to help you set the right pace of growth. In this article, Manish Dudharejia shares his top tips for avoiding potential pitfalls and managing growth in a way tha...
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Why venture-backed startups should have a bootstrapping mindset

It's easy for high-growth startups to burn through a lot of cash. You need to increase your burn rate to ramp up your growth, yet running out of cash is one of the main causes of startup failure. So, while it's tempting to go on a spending spree when you've raised venture capital funding, it's important to control your costs. And by monitoring your burn rate, you can calculate how long the cash will last and make sure you use it wisely. Here, venture capitalist Sagi Paz shares how "to minim...
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4 ways delegating can grow your business

As a small business owner, you may start out doing everything yourself. As the company grows however, you'll have to start delegating some of your responsibilities. Mastering the art of delegation is crucial for the success of any business, yet many business owners find it difficult to relinquish control. The keys to successful delegation are hiring the right people, recognizing what you can and should delegate, and knowing how to delegate effectively. Here Felicia Sullivan shares four strategie...
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4 ways to urge your startup toward rapid growth

Once your startup gains traction your focus should be on the fresh challenges of rapid growth and long-term success. While scaling your business inevitably adds more complexity, it isn't just about what you add—more employees, more customers, more processes, and more levels of management—it's also about what you subtract. If there are things that don't work anymore, you have to get rid of them. "If you can establish strong, scalable practices in the startup stage, reaching and navigating ra...
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Alternatives to an IPO: How your business can navigate the growth ladder

While an IPO might be your preferred option for raising capital, not every company that pursues an IPO goes public right away. Whether an IPO is in the best interests of your company depends on your business model, current situation, growth potential and maturity. And there are other options for raising capital that you need to consider in the meantime. To help you make an informed choice, this article explores the key advantages of private equity, venture capital trusts, private place...
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Apply to the Fall 2018 YC Growth Program

​ Y Combinator is now accepting applications for its Fall 2018 YC Growth Program. The deadline to apply is August 20 and participation is limited to 15-20 founder-CEOs. Although priority is given to Y Combinator companies, there are plans to include a few companies that have no prior association with the organization. The YC Growth Program is designed for rapidly scaling companies with 50 – 150 employees and the ideal candidates are companies that expect to double employees, revenue, custom...
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