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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

Entrepreneurship is the process of starting a business or building upon an existing one. The goal of entrepreneurial processes can be to make a profit, make a meaningful impact on society, contribute to social good, or combine the two. Small Business Entrepreneurship. The Small Business Administration says that 99.9%

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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. The idea is that when the company begins to earn a profit, the investors will get their initial money back — plus the extra slice of equity for taking a chance. Series C Funding.

Investors 112
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The 5 Stages of Entrepreneurship

Hubspot Sales

Of course, the thrills of creating an effective business, working on your own terms, and enjoying financial freedom are rewarding. However, turning your idea into a profitable business is no simple task. However, depending on your business idea, it may take months or years to scale these challenges and reach the finish line.

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Here's How to Value a Company [With Examples]

Hubspot Sales

This includes vertical market and industry performance, proprietary technology or commodity, company operating experience, stage of growth, revenue & profitability growth, management team, and execution to plan. Next, we'll take a look at how these different elements are used to value a business. How to Value a Business.

Investors 113
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21 Books About Starting a Business You Can’t Afford Not to Read

Hubspot Sales

Books About Starting a Business. Profit First. Escape from Cubicle Nation. “ 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.

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4 Bootstrapped Businesses That Are Seeing Phenomenal Success Today

Hubspot Sales

I created a business plan , used a portion of my savings, purchased candle-making materials, and made my first batch of candles in my parents' kitchen. A bootstrapped business is one that's started without external assistance or investment. These businesses are often funded on personal savings. Reinvest Profits.