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Entrepreneurship
Entrepreneurshiplife
1d
265
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The Rise of Not-For-Profit Funerals: What You Need to Know About This Business Model
- Not-for-profit funerals have emerged as a compassionate alternative to traditional, profit-driven funeral homes.
- They offer affordable and dignified options to families during their most challenging times.
- Not-for-profit funeral providers offer transparent pricing and various service options that cater to different needs and budgets.
- They typically operate with community support, emphasizing compassion and service over profit.
- The staff tend to be more compassionate and less sales-driven, allowing families to feel cared for during an emotionally charged time.
- Choose a not-for-profit funeral for a dignified and meaningful way to say goodbye and alleviate the financial burden on your family.
- These organizations often provide essential services at a fraction of the cost of traditional funeral homes.
- They often allow families to customize services to suit their needs.
- Not-for-profit funeral organizations often place a stronger emphasis on providing support for grieving families.
- Many not-for-profit funeral homes also prioritize environmentally friendly practices.
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Entrepreneurshiplife
1d
343
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6 Business Strategies for Healthcare Professionals
- To grow your healthcare practice, you need a mix of clinical expertise, marketing techniques, and business operations skills.
- A seamless patient experience ensures that the patients are satisfied, valued and their needs are addressed adequately.
- To optimize the online presence, eye doctor and chiropractors should have an informative website with targeted keywords for SEO and regularly post on social media.
- Diversifying services and improving technical and innovative infrastructure can significantly expand the patient base and distinguish your practice from competitors.
- Forming relationships with other healthcare providers and investing in staff development can ease referral networks and efficiently operate the business while providing optimum care.
- Engaging with the community through targeted sponsorships, free health screenings, and hosting events can foster goodwill, raise visibility, and generate a positive reputation in the community.
- Combining superior patient care, digital marketing, and good business practices can ensure a strong and sustainable foundation for growth in healthcare practice.
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Medium
1d
85
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Lean, Automated, and AI-Driven: Preparing for the Future of Product Management
- Advancements in automation and artificial intelligence have revolutionized the product management landscape.
- Building custom internal tools has become less effective compared to ready-made automation solutions like Zoho and Freshdesk.
- Lean teams can now effectively manage businesses with minimal resources, thanks to platforms like Shopify and HubSpot.
- Automation is reshaping roles in product management, software development, CRM, and marketing, requiring new skills and adaptability.
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Gritdaily
1d
100
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How Scaling Lean Is Empowering Entrepreneurs with Predictable Growth
- Scaling Lean, co-founded by Nina Brennan and Jonathan Ploransky, aims to empower entrepreneurs with predictable growth.
- Entrepreneurs often struggle with unpredictable growth due to issues like insufficient marketing and cash flow instability.
- Scaling Lean offers a simple and effective framework called the VDC Model (Validate, Drive, Convert) to achieve consistent growth.
- The VDC Model focuses on validating the brand message, driving qualified leads, and converting them into paying customers using automated workflows.
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Leadgrowdevelop
1d
159
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10 Common Web Design Mistakes and How to Avoid Them
- A well-designed website invites visitors to stay, explore and engage whilst a poorly designed one sends them clicking away in seconds.
- Complex designs with flashy animations, bright colours and an array of images can overwhelm a visitor.
- Focus on clean layouts, intuitive navigation, and minimalistic colors.
- Mobile optimization is essential to avoid losing potential visitors.
- Experts in web design implement responsive design techniques to ensure your site adjusts smoothly to different screen sizes.
- Tools like Google PageSpeed Insights can help you identify areas where your site's speed could be improved.
- A strong call-to-action button should stand out using contrasting colours and active language.
- Design straightforward navigation menus using a well-organised header menu and adding a search bar.
- Accessibility ensures that your site can be used by people of all abilities.
- Analytics tools like Google Analytics offer insights into your audiences' behavior, which helps you understand what parts of your site need improvement.
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Hackernoon
1d
34
Image Credit: Hackernoon
How I Grew My Instagram: Sharing My Journey as a Jewelry Designer
- Nora Sermez is Founder and Artist of the luxury jewelry brand, Nora Sermez. She has grown her presence on Instagram, through videos, Reels, art, and other engaging content.
- Nora Sermez focuses on high-quality videos that really showcase the craftsmanship behind each piece of her jewelry.
- She posts Reels that give quick, impactful moments that reach both loyal followers and new people who may not know about her work yet.
- Collaborations have opened doors to new audiences and allowed her to connect with people who appreciate the same kind of artistry and values.
- She encourages her customers to tag her in their photos, and she tries to feature these images in Stories or a dedicated post each month.
- For followers to experience the shine, the textures, and the intricate design elements in a way that photos can't always capture, she shares her jewelry up close through videos.
- She weaves art into her posts by showing the transition from an initial drawing to the finished piece, posting her drawings that complement the jewelry pieces, and using a cohesive color scheme in both her art and product photos.
- She keeps her posts honest and true to her journey, whether it's sharing challenges or successes.
- To keep growing, she tracks metrics like engagement rates, follower growth, and story view and exit rates to understand what works and what doesn't.
- She tries to incorporate popular music or fun seasonal themes, does 'POV' Reels where the viewer feels like they’re trying on a ring themselves, and talks directly to her followers through Reels to build a stronger, more personal connection with her audience.
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Medium
2d
206
Startup Funding Stages: From Pre-Seed to IPO
- Startup funding stages range from pre-seed to IPO.
- The pre-seed stage is the first startup funding stage where most funds come from bootstrapping, family, and friends.
- In the seed stage, founders will need an MVP and a trustworthy team to attract potential investors.
- For the Series A stage, the startup founders need to demonstrate some achievements by showing extraordinary metrics and traction.
- Series B stage requires the startup founders to use the Series A fund for daily operations and business improvement.
- The Series C stage is the fifth startup funding stage where investors may include private equity firms, investment banks, and other institutional investors.
- There is no limit on the number of funding rounds a startup can undergo.
- IPO represents the final stage of transitioning from a private company to a public company.
- Startup founders need to consider if it is necessary to raise funds for their startups and whether they can work well with potential investors.
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Seths
2d
3
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A thoughtful review
- This Is Strategy book offers corporate strategic planners a unique opportunity to think differently by providing deep content that confronts long-term planning issues.
- The book's first chapter is titled "Strategy is a Philosophy of Becoming." It defines "Becoming" as who we will become, who we will service, and who we will help others to become.
- The book's structure is unique and differentiates from other books on the topic. It sets up each of the 297 chapters as a discrete thought provoker, more like a book of daily meditations that builds on itself uniquely for each reader.
- The author implies that if you buy into the notion of strategy as "Becoming," then this translates into certain aspirations, limits, and obligations that are inescapable.
- The book focuses on four threads: systems, empathy, games, and time. Comprehension of how these threads work separately and together is crucial to the mastery of strategic planning.
- The book provides practical examples to make strategists adept at language and comprehension, nudging their thinking, giving them a starting point to put vague ideas into words for their strategic planning.
- The book helps corporate strategic planners to move beyond short-term, emergency-driven thinking, to engage in strategic thinking by offering a philosophy, some language, and a little bit of help.
- The book is not indoctrination but a catalyst for professional growth, where each chapter builds on itself depending on the reader's thinking and stimulates them to assess deeper reasons why some companies lose their way in pursuit of long-term planning objectives.
- The book's deep content needs more engagement compared to the many how-to book options available for strategic planners who go superficially into the short-term emergency driven thinking of strategy.
- Therefore, various aspects of the book might seem vague, familiar, or even heretical, but it's essential to understand that if you buy into the book's philosophy, you will become a strategist who is adept in language and comprehension to hit long-term planning objectives effectively.
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Medium
2d
265
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When Is the Brilliant Jerk, just a Jerk
- The author discusses the concept of separating the flaws of entrepreneurs from their achievements and how society tends to overlook bad behavior if they believe they will benefit from it.
- A prominent venture capitalist in Australia recently stated that all founders are problematic and their flaws make them special. This raises questions about how flawed is too flawed and what behavior can be accommodated.
- The tolerance for problematic behavior in the entrepreneurial industry may stem from the fact that many individuals in the industry themselves identify as problematic. However, this empathy is not extended to all participants, particularly outspoken women founders or those who challenge the status quo.
- The flawed/brilliant jerk trope is seen as an excuse to disregard bad behavior and perpetuate systematic inequality in the industry.
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Medium
2d
234
Image Credit: Medium
The Modern Midas: 3 Ways to Be a Golden Entrepreneur for Investors
- To be a Golden Entrepreneur for an Investor, athletes, founders, and entrepreneurs are the heroes of innovation today
- The goal must be substantial enough to significantly change the world if achieved
- Recruit talented companions to embark on the journey with you and make the myth a reality
- Have double confidence in your ability to reach your goal
- Be aware of your weaknesses and humble enough to admit that you even have a weakness, and aim to overcome it
- Balance your humility with your own personal conviction about things that you do know
- Think big, plan often, be tough, develop deep relationships, and humbly accept advice while boldly pushing forward
- Entrepreneurs and founders are looked upon as the heroes of today
- Cortado Ventures is an early-stage venture capital firm that invests in ambitious, growth-driven companies
- Cortado’s focus is on tech companies bringing innovative solutions to multiple sectors
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Leadgrowdevelop
2d
223
Image Credit: Leadgrowdevelop
4 Marketing Tips To Increase Your Winery Sales
- Embrace digital marketing by optimizing your website, engaging with social media content, and expanding your reach through e-commerce.
- Leverage storytelling to create a compelling brand identity that emotionally resonates with your audience.
- Offer unique experiences such as vineyard tours, wine tastings, and virtual events to create lasting impressions and build customer relationships.
- Partner with local businesses like restaurants, hotels, and event planners to expand your reach through cross-promotions and referrals.
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Medium
2d
223
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Esteban Sosnik (Reach Capital) on building a sector specific fund, challenges of digitizing…
- Esteban Sosnik, co-founder of Reach Capital, discusses the challenges of digitizing education and the potential of gamified learning experiences.
- Reach Capital, an EdTech-focused fund, has raised over $500 million in its 10-year lifespan, and has expanded its focus beyond the U.S.
- Esteban breaks down the EdTech industry into four primary segments, with opportunities for growth and innovation.
- Despite the rapid digital adoption during the pandemic, infrastructure and access challenges limited the full potential of edtech, especially in underserved regions.
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TechJuice
2d
165
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Pakistani-American Investors Announce $20M Investment for Pakistan’s IT Industry
- American companies, led by Pakistani-American entrepreneurs, have announced a $20 million upfront investment for Pakistan's IT industry.
- The Pakistan-U.S. Tech Investment Conference in California facilitated the investment with support from various organizations and government officials.
- The conference highlighted Pakistan's IT sector's growth, with IT exports exceeding $3 billion, and focused on creating jobs, attracting international investment, and expanding the country's market.
- The event emphasized the partnership between the US and Pakistan, with plans to leverage Saudi funding, Pakistani talent, and American technology for mutual progress in the IT industry.
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Medium
2d
196
Image Credit: Medium
Know Your Acquirors
- InSound founders Adnan Shennib and Robert Schindler built the world's first invisible hearing aid Lyric, which addressed the adoption-limiting perception of hearing-impaired patients as old or infirm.
- The company raised capital from angel investors, scaling valuations with each round, even when pushback may have been warranted, and struggled to access subsequent institutional financings that were costly and overly dilutive.
- The venture capital syndicate led by Psilos Ventures, CMEA, De Novo Ventures and Johnson & Johnson’s venture arm predicted an opportunity to disrupt the hearing industry and an exit strategy via the sale to a strategic buyer.
- The company's CEO bring-in David Thrower overcame product performance challenges and led the company to a successful product launch, after which it had a $10m annual revenue run rate.
- In 2009, the board advised Thrower to launch a process to sell the company, and the investment banking firm Gravitas Healthcare was hired to assist.
- Phonak and Oticon, two industry leaders, expressed serious interest, but the lack of a bidding frenzy allowed Phonak to offer a price that was a fraction of what would end up as the final transaction price.
- InSound realised the complexity of the deal documents meant that they knew little about their buyer. This lack of understanding later meant that, for example, InSound lost control over its earnout, meaning they could not reap the full share of the rewards for their successful product, Lyric.
- In retrospect, InSound failed to understand its potential buyers well enough.
- A growth company’s leadership, executives and board must think about exit partners early and often, and investors must determine if the entrepreneur knows the potential buyers well, as knowing potential buyers is critical for a successful financial return.
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Medium
2d
102
Image Credit: Medium
Know Your Acquirers
- InSound Medical, the manufacturer of Lyric, the world’s first invisible hearing aid, was sold prematurely by its VCs before gaining maximum value from its innovative product, according to Joe Mandato, former leader of medtech companies and author in MedCity News.
- In a rush to earn a significant return on their investment, InSound’s VCs weren't aware of the strategic value and potential of Lyric; the 40% of the market dissatisfied with traditional hearing aids, says Mandato.
- InSound’s founders and early investors didn't have sufficient skin in the game to question the VC’s decision to sell; product performance issues, ineffective sales strategies, high costs, and insufficient capital investment, turned it from a promising start-up into a struggling company, says Mandato.
- InSound’s acquisition by Phonak, at a fraction of its eventual value, was due in part to the hearing aid industry's general lack of emphasis on marketing and product advancement, causing the two leading acquirers to see InSound as low-cost with interesting IP rather than disruptive technology with significant strategic value.
- InSound’s earnout, based on meeting ambitious revenue and growth goals, was scuppered when Phonak purchased a majority interest in the hearing aid chain that was anticipated to make the largest one-time product purchase.
- InSound and Phonak’s management teams had significant culture clash, which led to protracted and difficult discussions to resolve the earnout issue, says Mandato.
- In the end, InSound sacrificed its right to control its earnout and accepted an immediate cash payment from Phonak, which concluded with a 2.5x return for its investors on their initially invested capital.
- Mandato suggests that leadership teams should think carefully and early on about potential exit partners, understanding how their product fits into their culture for successful exits.
- Investors need to gain an understanding of entrepreneurs’ understanding of potential buyers to realise full benefits, Mandato explains.
- In spite of InSound's story being extreme, it highlights the importance of knowing your buyers, remembering the strategic value of products and the significance of establishing carefully selected and suitable acquirers.
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