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Small Business Growth Strategies for 2023

ACT

With the rising operational costs of the post- pandemic era and the fears of a global recession increasing with every passing day, running a profitable small business isn’t easy. In fact, did you know that 50 percent of small businesses fail within their first five years? You need a growth strategy—but which one? .

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The Eight Types of Entrepreneurship (& Companies That Exemplify Them)

Hubspot Sales

While all types involve innovation and ingenuity, different focus and overall intent distinguish some entrepreneurial ventures from each other. Small Business Entrepreneurship. Small business entrepreneurship involves starting a business, usually local, that an entrepreneur believes can benefit the city or town they operate in.

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Startup Funding: What It Is, How It Works, & 5 Tips for Landing It

Hubspot Sales

If founders don't want to involve outside investors, they can get capital through small business loans. It's not uncommon for an innovative startup to raise a few million in one to two rounds, while another company raises $25 million in the same number of rounds. Series C Funding. Crowdfunding.

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Strategic Planning Failure: Why It Happens and How to Avoid It

AchieveIt

There are more than 30 million small businesses in the U.S. These businesses comprise only about 4% of those in the U.S. Managing the effectiveness of your strategic plan means not taking it beyond the reality of what your business can handle. How about $10-50 million or above $50 million?

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The 5 Stages of Entrepreneurship

Hubspot Sales

Stage 2: Planning Just as architects need building plans to construct a new building, entrepreneurs need business plans to create successful businesses. Developing a business plan helps you estimate costs, identify risks, and set up risk mitigation measures. But investors don’t seem to care.

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Small Business Grants: What They Are & How to Get Them

Hubspot Sales

Sourcing capital is one of the most pressing, frustrating challenges any small business owner has to face. That kind of uncertainty can undermine your faith in your business and keep your operations grounded — regardless of how bold and actionable your ideas might be. How to Apply for Small Business Grants.

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21 Books About Starting a Business You Can’t Afford Not to Read

Hubspot Sales

“ The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses ” by Eric Ries. Ries argues every company has a common mission: To chart a successful path to sustainable business. Review excerpt : “This is an amazing book on innovation and getting your ideas into an MVP quickly.