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startups_by_the_numbers-thumbSome interesting “numbers” on “startups”.

The term ‘startup’ is used too broadly to have any meaning . Many of the numbers really apply to small businesses  – which is not synonymous with ‘startup’.

And, I hesitate to call these statistics or data because they are subject to much interpretation. For instance, this infographic perpetuates the meme that 50% of new businesses fail within 3 years. This is a gross generalization. 50% may not exist after 3 years, but this also may be due to other factors such as the owner retiring and closing the business.

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SWOT Analysis is not just a B-school exercise.  It is indeed a valuable tool for entrepreneurs – whether for internal planning and “reality check” exercises, or as a way of explaining the new venture’s prospects to investors and other external stakeholders.

SWOT1What is SWOT?

SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities, & Threats.

SWOT analysis is a methodological tool designed to help workers and companies optimize performance, maximize potential, manage competition, and minimize risk.

SWOT is about making better decisions, both large and small. It can help you determine the efficacy of something as small as introducing a new product or service or something as large as a merger or acquisition. Again, SWOT is a method that, once mastered, can only enhance performance.

The Essential Guide to SWOT Analysis is a well-researched, well-written, and well-rounded guide co-authored by Justin Gomer and Jackson Hille from the University of California.

Give it a read!

 

bad-news 
 
Ordinarily it takes an act of God to make me spill a drop of my morning coffee, but reading the news this morning nearly caused a grand-mal seizure:

“Jilted Kickstarter Backer Neil Singh Is Now An Assistant Attorney General Of Arizona”

 
My first, second and third reaction was “This is really bad news for Arizona Entrepreneurs.”   
 
Arizona:  The state celebrated recently for being #1 in the US for entrepreneurial growth, has just turned towards a cliff.  Maybe I am being shrill, but read on:

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Someone posted a question on Quora the other day – and the question itself was insightful:

 bizmodel1What is the difference between a revenue model and a monetization model?

I’m a bit of a stickler for consistent definitions of terms in business (particularly entrepreneurship), so I provided a detailed answer clarifying the differences between a Business Model, Revenue Model and Monetization Model.

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A few days ago someone posted a question on Quora:  Chief Executive Officers: Who is the greatest living CEO?

One of the answers (unusually, posted by an anonymous member), simply posted the following chart:

Originally cited in a 2010 ZDNet article, it is a thought provoking  illustration.   On the surface it seems to scream “aha – look how much better Bill Gates was, than Steve Ballmer.”   But the reality is a lot more complicated than this simplistic observation:

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