Business Life Cycle – 7 Stages and Importance

Business Life Cycle - 7 Stages and Importance
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An independent business is perhaps the dream of many budding entrepreneurs around the globe. By definition, business is the activity of making money by producing or trade of products and even services. A business does not necessarily refer to a company or corporation. It need not have a formal organization or be a part of the corporate world. It can range from a street peddler to a multinational company. 

However, broad the spectrum of the scope is all the business pass through more or less the same phases or stages. The prospect of starting and running one’s own business is exciting. Days have come where you can start a business as a teenager. Still, it is important to realize the life cycle of any business to manage the proper functioning. 

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Top 5 Reasons to Start Your Startup in the Cloud

Top 5 Reasons to Start Your Startup in the Cloud
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Startups today are better off getting started on the cloud, and may very well benefit from skipping the physical data infrastructure stage altogether. It may feel like you haven’t “made it” as a company until you have an on-premise database hosted on your own servers; however, companies that sail past this stage and go straight to being 100 percent cloud based may have more of a competitive edge. They’re able to scale faster and cut overhead costs right from the get-go. Here are the top five reasons startups should start off on the cloud.

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How Growing Remote Work Trends Affect Startups

How Growing Remote Work Trends Affect Startups

Last Updated on Startups are always trying to perform a precarious balancing act, one that requires them to establish a solid market for themselves yet do so on a shoestring budget.

As a result, they are vying to incorporate any tactic that can increase their efficiency and better their chances of success.

With that said, the latest trend sweeping the startup community is that of remote work: The idea that it might be better to let employees work wherever they want on the globe so long as they get the job done

Like anything else, remote working has its pros and cons, and a startup should well know them before trying to adopt the practice.

Otherwise, the fledgling company risks making a ton of avoidable mistakes and ending up with the impression that remote working does not work even though it was the startup’s misguided application that was the problem in the first place.

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5 Tips to Overcome Common Startup Challenges

5 Tips to Overcome Common Startup Challenges

Last Updated on In this day and age, almost anyone can launch their own startup. However, not every startup sticks around long-term. In fact, studies have shown that 30% of startups fail within their first year, while 66% of them fail within the first ten. If you’ve started your own business, you probably don’t want this to happen to you. A good way to ensure you keep operating is to overcome some of the most common startup challenges. Here’s how to do it.

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Actionable Tips on How to Launch a Successful Startup

Actionable Tips on How to Launch a Successful Startup

Getting operations off the ground may seem like a thrilling endeavor and initially, it tends to be. Alas, enthusiasm quickly fades away after a clash with external conditions and challenges. That is when most entrepreneurs start struggling to translate their bright ideas into reality.

They are not prepared to wear so many hats and handle everything from strategic planning to invoice. Well, instead of giving up, they ought to remember one thing: a business owner can always rely on the power of smart planning and organization.

So, forget about overnight success stories. Show perseverance and move forward with confidence, one step at a time.

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