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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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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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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. A practical internal organization should focus on a steady upscale by defining specialized roles, strengthening management structure, planning, forecasting and sustaining culture.

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Prepare Your Partnership by Following a Structured Alliance Process

Peter Simoons

This is the complete, seven-step structured alliance process as described by ASAP: Step 1: Alliance-specific strategy Step 2: Analysis and selection Step 3: Building trust and value creating negotiation Step 4: Operational planning Step 5: Alliance structuring and governance Step 6: Launching and management Step 7: Transform, innovate and exit.

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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.