By Dileep Rao – Guest Contributor What is common among the following billion-dollar entrepreneurs? What is their gift that separates them from the rest of us? Sam Walton, who came out of nowhere (actually rural Arkansas) – to grab the pole position in American retail. Bill Gates, who dropped out […]
Strategy
What can you learn from Airbnb: Focus on your skills – not the idea
By Dileep Rao – Guest Contributor Has Airbnb succeeded because of its terrific idea? Or is it because of the entrepreneur’s ability to encapsulate his idea in a fantastic pitch and attract VCs? Or is it because of the entrepreneur’s skills in finding the right strategy and executing it to […]
The faces of agility and resiliency: How small businesses are fighting back
With her indoor restaurant closed, Cheesburger Baby’s owner Stephanie Vitori sought out partnerships to help keep her business afloat. In addition to pivoting to takeout and delivery only at her location, she partnered with a bar to run their commercial kitchen, serving up Cheeseburger Baby’s delicious burgers and fries to […]
Why 100% of venture capital can be explained in one 4-letter word
By Dileep Rao – Guest Contributor I know the word you are thinking of. But, actually, the word is ‘exit.’ Many have tried to explain venture capital (VC). For entrepreneurs, VC is hope in a check. They hope that VCs like their idea (hence the fascination with Shark Tank) and […]
Pitching to a big enterprise? Here are tips from the other side of the table
Leila Blacking is the senior strategy team leader for innovation at Publix Supermarkets, a Fortune 100 grocery retailer. She has been on the receiving end of hundreds of pitches by small businesses seeking Publix’s business, including food businesses, logistics companies and tech startups. Her advice can help a small business […]
Against the odds, Cheeseburger Baby owner says ‘I’m going to find a way’
The year 2020 kicked off like a winner for Cheeseburger Baby. The Super Bowl, the Miami International Boat Show and the South Beach Wine and Food Festival were huge for the small Miami Beach business known for its tasty classic-style burgers and accompaniments that have served celebrities, residents, workers and […]
How small businesses use crowdfunding to raise capital – even during a pandemic
In the challenging capital-raising environment that we are in, entrepreneurs have been increasingly tapping their own crowds. That crowdfunding appears to be trending now perhaps shouldn’t be surprising. In survey after survey – even before the coronavirus crisis – access to capital is always one of the biggest challenges cited […]
Key to resiliency: Reacting quickly and decisively with plan to survive and grow again
OBE Power was on a roll. In February, the energy startup had been installing its electric vehicle charging stations at a fast clip, it had just hired a CTO from Apple, and was in the middle of a capital raise. The company had enjoyed 36 straight months of revenue growth. […]
COVID-19 is your wakeup call: Do you have a company succession plan? We have tips for you
The COVID-19 crisis is just one more reminder about the importance of a succession plan. A smart succession plan is just good business, protecting your legacy, company. Customers, employees, and relatives when a family business is impacted. Most large companies have them, but many small and mid-size business owners avoid […]
Building a startup? Get on board with an amazing board
In launching or growing a startup, there’s one tool every entrepreneur needs in their startup toolbox: A knowledgeable, honest and trusted advisory board. Startup expert Ricardo Weizs, a consultant at Florida SBDC at FIU that specializes in startup growth and access to capital, believes many startups lack industry expertise – […]
