Here’s How Long It Takes Startups To Become $1billion Unicorns…

Unicorns. Private companies with a valuation of $1billion or greater.

They’re a rare sight in the business world and there’s currently only 237 in existence; largely spread across both the USA and China. These high growth startups are often considered are being typically only those in the tech space and, whilst that is, in many ways, accurate, there’s far more to growing a unicorn than simply being able to be categorised as a tech business!

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Startup Wisdom from Near.biz Founder Samir Shaikh

Practical wisdom from real estate and technology entrepreneur / investor / Near.biz founder, Samir Shaikh.

A recent study by the National Foundation for American Policy showed that immigrant founders started more than half of the so-called ‘Unicorn’ startups (startups with valuation of $1 billion or more) in the U.S. This is solid proof that grit, tenacity and passion are potent ingredients needed to start some of the most transformative companies in human history.

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Bootstrapping

5 Bootstrapping Strategies to Help Your Startup Grow Faster

Bootstrapping a startup is usually in the top 2 of any entrepreneur’s list of most stressful problems leading up to launch.

If you can resist the urge to spend money you don’t have or hold out on taking out loans for amounts you aren’t 100 percent sure you can pay back, then your startup is doomed from day one.

Pure and simple.

After all, as the saying goes “No money, no honey.” And the honey in this case is the cash that’s keeping the doors open, lights on, product development moving forward, and keeping the marketing plan in play.

Budget is one of a very few factors in your business that you can completely control day-in and day-out, contrary to what many a newbie startup owner might tell you. Lack of resolve and poor planning can quickly stifle growth, while cutting expenses wherever possible will keep you out of the red indefinitely – if you have a solid business plan.

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Why is it Important to Incorporate?

Why is it Important to Incorporate?

Whether you’re just starting out or you’re already in business, it’s important for you to understand the benefits of incorporation for your business. Incorporation has a lot of advantages such as tax deductions, credibility and liability protection. It’s also a whole lot easier to raise capital for an incorporated business as opposed to other business structures such as sole proprietorship or partnerships. And who couldn’t use more capital? 😉

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If you’re looking for Facebook growth, read this.

It’s common knowledge that Facebook marketing is one of the best avenues to market your business. But how do you get more legitimate Likes, from real people, on your page? In order to provide entrepreneurs with a boost to their Facebook Page popularity, a large number of “fake Likes” companies appeared. Basically, you pay some money to increase the number of Likes on your Facebook Page, but these are typically from ghost accounts (ie not real people). What happens though is that you end up having a new problem: many Page Likes and very few post Likes.  Then of course there’s also the likelihood of Facebook noticing these fake Likes and removing them, or somehow penalizing your account…

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Startup Fear of Failure

4 Strategies To Overcome Startup Fear Of Failure

Failure in the startup space is unfortunately a very real possibility. Forbes this year reported that 90% of startups fail. This is a rising proportion – as more and more enter the startup space, chance of survival is further reduced.

For an entrepreneur to succeed in the face of high competition and a volatile market it is important to understand these fears and remain connected to the market. A startup needs to recognize their unique offering, to identify the demand for this opportunity, and to be an expert in their industry in touch with changing market trends. This will better position a leader for successes.

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The most popular jobs for startups to outsource

It’s critical for startups to focus on what’s most important for driving their business forward. With so much to do, however, small teams can become swamped with work very quickly. This makes it harder to maintain focus.

Your to-do list is sure to have a pecking order of importance. It’s tempting to start with the simple tasks that are easy to check off your list, but is working on those items really the best use of your time? If you have 50 “quick” items on your to-do list, it can really start to add up!

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5 Life-Changing Books Each Entrepreneur Must Read

As an entrepreneur or an entrepreneur-to-be, you’ve probably approached the business section of the bookstore with a combination of curiosity and dread. Every cover is emblazoned with a bold promise: “#1 Business Book of the Year!” “The only startup book you’ll ever need!” “The one book that every entrepreneur MUST own.” It’s tough to sort through all the wild claims and separate the wheat from the chaff. Fortunately, we’ve taken a closer look at some of the options out there, from the freshest new insight to classics that have stood the test of time. Here are our unbiased recommendations for 5 life-changing books you really need to read.

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