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  • When to Say No to Venture Capital
    reach profitability almost immediately As the company grew year by year venture capitalists started circling reaching a critical mass during year five Smith says he fielded roughly 100 calls from venture capitalists and investment groups before he finally agreed to a deal in 2012 What drew them to Qualtrics A sound and profitable business model according to Bryan Schreier a partner at Sequoia Capital who eventually succeeded along with Accel Partners in funding Smith to the tune of 70 million Bootstrapping longer focuses the company on creating a healthy business model at a very early stage Schreier says It s hard to create a viable business model five years down the road It s much easier if you re focused on making money from the start Qualtrics has enjoyed triple digit growth over the past several years reaching 48 million in revenue in 2012 with customers using its survey software to process more than 1 billion responses Among the company s 5 000 worldwide customers half the Fortune 100 1 300 colleges and universities and 96 of the top 100 business schools See Full Story on www entrepreneur com Filed Under Entrepreneurship Interviews Tagged With Company Long Haul Ryan Smith

    Original URL path: http://personalbranding.sg/2014/02/04/when-to-say-no-to-venture-capital/ (2014-06-18)
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  • Long Haul
    the Provo Utah startup reach profitability almost immediately As the company grew year by year venture capitalists started circling reaching a critical mass during year five Smith says he fielded roughly 100 calls from venture capitalists and investment groups before he finally agreed to a deal in 2012 What drew them to Qualtrics A sound and profitable business model according to Bryan Schreier a partner at Sequoia Capital who eventually succeeded along with Accel Partners in funding Smith to the tune of 70 million Bootstrapping longer focuses the company on creating a healthy business model at a very early stage Schreier says It s hard to create a viable business model five years down the road It s much easier if you re focused on making money from the start Qualtrics has enjoyed triple digit growth over the past several years reaching 48 million in revenue in 2012 with customers using its survey software to process more than 1 billion responses Among the company s 5 000 worldwide customers half the Fortune 100 1 300 colleges and universities and 96 of the top 100 business schools See Full Story on www entrepreneur com Filed Under Entrepreneurship Interviews Tagged With Company

    Original URL path: http://personalbranding.sg/tag/long-haul/ (2014-06-18)
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  • Venture Capital
    Accel Partners in funding Smith to the tune of 70 million Bootstrapping longer focuses the company on creating a healthy business model at a very early stage Schreier says It s hard to create a viable business model five years down the road It s much easier if you re focused on making money from the start Qualtrics has enjoyed triple digit growth over the past several years reaching 48 million in revenue in 2012 with customers using its survey software to process more than 1 billion responses Among the company s 5 000 worldwide customers half the Fortune 100 1 300 colleges and universities and 96 of the top 100 business schools See Full Story on www entrepreneur com Filed Under Entrepreneurship Interviews Tagged With Company Long Haul Ryan Smith Venture Capital 10 REASONS TO WRITE A BUSINESS PLAN EVEN IF YOU THINK YOU DON T NEED ONE 3 January 2014 by Digital Curator Leave a Comment QUESTION WHAT IS ONE GOOD REASON TO WRITE OUT A BUSINESS PLAN EVEN IF YOU RE NOT GOING FOR A BANK LOAN OR VENTURE CAPITAL CLARITY Writing a business plan or putting together an investor deck allows you to think more clearly about what you re doing and where you are going Key point to remember though is that the minute that your business plan hits the printer it is already out of date so don t depend on it as your to do list Think of it as a roadmap Paige Brown Co Founder and CEO Dashbell GAIN A DEEP UNDERSTANDING OF YOUR MARKET Although it took several weeks and I ve barely looked at it since I credit my business plan for helping me understand a brand new industry in an extremely deep way before actually entering it and for forcing me to deeply examine how we would fit into the market and what TalentEgg s probability of success was As a risk averse entrepreneur it was critical Lauren Friese Founder TalentEgg ORGANIZATION The biggest reason to write out a business plan regardless of any financing option concerns is that it can help you stay organized and remain on track Businesses without a plan can easily get off target and revenues will suffer as a result Creating a plan with expense projections revenue forecasts and more can help a small business remain committed to its long term goals Andrew Schrage Co Owner Money Crashers Personal Finance PRACTICE MAKES PERFECT It s great to write one simply to throw it away The mental gymnastics are great The plan is basically worthless the moment you re finished but it will force you to think about things you might not have otherwise Brent Beshore Owner CEO adventur es Follow BrentBeshore See Full Interview on theyec org Filed Under Interviews Tagged With Bank Loan Business Plan Good Reason Venture Capital Why You Need to Think Twice About Seeking Venture Capital 2 January 2014 by Digital Curator Leave a Comment Image credit FLICKR PROFESSOR EVIL

    Original URL path: http://personalbranding.sg/tag/venture-capital/ (2014-06-18)
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  • 10 REASONS TO WRITE A BUSINESS PLAN (EVEN IF YOU THINK YOU DON'T NEED ONE)
    list Think of it as a roadmap Paige Brown Co Founder and CEO Dashbell GAIN A DEEP UNDERSTANDING OF YOUR MARKET Although it took several weeks and I ve barely looked at it since I credit my business plan for helping me understand a brand new industry in an extremely deep way before actually entering it and for forcing me to deeply examine how we would fit into the market and what TalentEgg s probability of success was As a risk averse entrepreneur it was critical Lauren Friese Founder TalentEgg ORGANIZATION The biggest reason to write out a business plan regardless of any financing option concerns is that it can help you stay organized and remain on track Businesses without a plan can easily get off target and revenues will suffer as a result Creating a plan with expense projections revenue forecasts and more can help a small business remain committed to its long term goals Andrew Schrage Co Owner Money Crashers Personal Finance PRACTICE MAKES PERFECT It s great to write one simply to throw it away The mental gymnastics are great The plan is basically worthless the moment you re finished but it will force you to think

    Original URL path: http://personalbranding.sg/2014/01/03/10-reasons-to-write-a-business-plan-even-if-you-think-you-dont-need-one/ (2014-06-18)
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  • Bank Loan
    as your to do list Think of it as a roadmap Paige Brown Co Founder and CEO Dashbell GAIN A DEEP UNDERSTANDING OF YOUR MARKET Although it took several weeks and I ve barely looked at it since I credit my business plan for helping me understand a brand new industry in an extremely deep way before actually entering it and for forcing me to deeply examine how we would fit into the market and what TalentEgg s probability of success was As a risk averse entrepreneur it was critical Lauren Friese Founder TalentEgg ORGANIZATION The biggest reason to write out a business plan regardless of any financing option concerns is that it can help you stay organized and remain on track Businesses without a plan can easily get off target and revenues will suffer as a result Creating a plan with expense projections revenue forecasts and more can help a small business remain committed to its long term goals Andrew Schrage Co Owner Money Crashers Personal Finance PRACTICE MAKES PERFECT It s great to write one simply to throw it away The mental gymnastics are great The plan is basically worthless the moment you re finished but it will

    Original URL path: http://personalbranding.sg/tag/bank-loan/ (2014-06-18)
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  • How do you know if your team is really ready for a growth spurt?
    prepare them 1 Grow slowly and build structure early Hire slowly and focus on culture and processes first Weekly team meetings regular performance reviews and efficient communications tools are a great place to start You don t have to enforce the rigidity of a 1 000 person company but preparing for life as a 10 to 100 person company is a lot easier to implement when you re at two to five and ready to grow Neil Thanedar LabDoor 2 Build systems first One of my favorite entrepreneurial books is The E Myth It explains that most small companies fail because they hire to expand without mapping out the specific duties each new team member will be assigned to fulfill within the business If you map out the roles needed in detail your hiring decisions will be much stronger Patrick Conley Automation Heroes 3 Systemize workloads A business isn t really a business if you re overly dependent on any single employee If you want to ensure you re ready to grow make sure workloads are properly systemized so new hires can easily pick up the job and current team members can also take on new responsibilities in case someone

    Original URL path: http://personalbranding.sg/2013/12/31/how-do-you-know-if-your-team-is-really-ready-for-a-growth-spurt/ (2014-06-18)
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  • Growth Spurt
    can you do to prepare them 1 Grow slowly and build structure early Hire slowly and focus on culture and processes first Weekly team meetings regular performance reviews and efficient communications tools are a great place to start You don t have to enforce the rigidity of a 1 000 person company but preparing for life as a 10 to 100 person company is a lot easier to implement when you re at two to five and ready to grow Neil Thanedar LabDoor 2 Build systems first One of my favorite entrepreneurial books is The E Myth It explains that most small companies fail because they hire to expand without mapping out the specific duties each new team member will be assigned to fulfill within the business If you map out the roles needed in detail your hiring decisions will be much stronger Patrick Conley Automation Heroes 3 Systemize workloads A business isn t really a business if you re overly dependent on any single employee If you want to ensure you re ready to grow make sure workloads are properly systemized so new hires can easily pick up the job and current team members can also take on new

    Original URL path: http://personalbranding.sg/tag/growth-spurt/ (2014-06-18)
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  • Team
    Automation Heroes 3 Systemize workloads A business isn t really a business if you re overly dependent on any single employee If you want to ensure you re ready to grow make sure workloads are properly systemized so new hires can easily pick up the job and current team members can also take on new responsibilities in case someone else calls in sick for a day Danny Wong Blank Label See Full Interview on smartblogs com Filed Under Interviews Tagged With Culture Growth Spurt Rigidity Team Who s the boss It could be your team 16 December 2013 by Digital Curator Leave a Comment Let s face it it s great to be the boss You re the one calling the shots making sure everything stays on course in the end the responsibility for your company s success or failure falls on your shoulders And you re fine with that After all you re the boss When it comes to being in charge however acting as the constant problem solver can become tiring and detrimental to the business When an employee brings you a problem there are benefits to having built a company culture in which he or she is encouraged to bring a solution as well More businesses are adopting policies that direct employees to bring possible solutions to management whenever they present a problem Considered offhand this practice makes perfect sense How often have you had an employee present a problem and when you ask what he or she thinks should be done you had the same idea in mind Nine times out of 10 an employee already knows the answer Another consideration involves the size of your business If your company is smaller with a fairly flat organizational structure management might not always have the best answers If you for example are the CEO of a tech company you might be great at handling the business end of things but technical problems may be outside your realm of expertise In cases like these it s important to have a technician coming up with options and providing their various pros and cons By Nicolas Gremion See Full Story on smartblogs com Filed Under Entrepreneurship Tagged With Boss Company s Success Failure Responsibility Team Listen to your team and make a splash 17 April 2013 by Digital Curator Leave a Comment In many organizations today employees have come to expect that their perspectives are powerless their input ineffectual and their thoughts thankless Organizations commit tremendous energy and resources to help leaders become better listeners They teach this skill in an ever evolving array of flavors reactive reflective proactive empathic co active Yet leaders aren t showing that they re listening and employees aren t hearing the splash I m listening Executives would likely bristle at an employee s perception that they aren t being heard Sophisticated listening systems and tools abound in organizations Yet there are fundamental disconnects and mixed messages for many employees False involvement in decision making

    Original URL path: http://personalbranding.sg/tag/team/ (2014-06-18)
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