One of challenges that many startups faces is not actually launching, but is selling product/service to customers. The Summer Venture Program Adviser, Jeff Schiebe recently gave insightful tips for selling your business. When entrepreneurs sell their products and/or service, they should be able to answer the following three questions: what are you selling, who are [...]
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We have all seen the statistics on startups’ demise- depending on the source and the industry the start-up is operating in the numbers are anywhere from 30 to 80 percent. Of course not all failures are created equal. Some of the most common mistakes credited with killing startups are going into business for the wrong [...]
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Many entrepreneurs face difficulty when they confront legal issues, including structuring a company to financing businesses. Larry Gennari, parter at Gennari Aronson, LLP, held a “lunch and learn” session for the Summer Venture Program Summarizing five simple rules startups should know. The first rule is to understand that if you are selling shares in your [...]
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Kevin Mulcahy, one of advisors in Summer Venture Program, recently held a lunch and learn session talked about market intelligence (also known as business intelligence and competitive intelligence). His profession at Fuld & Company the last few years helped him become a market intelligence expert. According to Mulcahy, market intelligence is information that can affect [...]
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“Being an entrepreneur is the hardest thing you’ll ever do.” “An Entrepreneur is a lonely existence.” “Nine out of Ten times you’ll fail.” “Get ready for an emotional roller coaster.” Wow, when you put it that way, why am I doing this in the first place? I had to remember what led me here… I [...]
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As many know, President Len Schlesinger’s decided to take a ‘time-out’ from his current position at Babson College and spend quality time with family. The student governments organized a “Last Lecture” for Len on April 25, giving him the opportunity to speak from his heart to the Babson community for the last time and to [...]
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ACTION TANK- FOOD ENTREPRENEURS On April 23, Babson’s Center for Women’s Entrepreneurial Leadership (CWEL) and the Lewis Institute for Social Innovation hosted a unique event that emphasized Babson’s Entrepreneurial Thought and Action®. They called the event ‘Action Tank’. The unique concept of this event was that four food entrepreneurs presented a unique business problem that [...]
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Do you have a great idea that you’ve always wanted to pursue? Have you always wanted to run your own business? Well, what’s stopping you? Maybe it’s because you fear failure. Or maybe you just have no idea where to begin. That was exactly my situation not too long ago. I’ve always wanted to have [...]
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Starting a venture can be one of the most exciting and stimulating things of your life. In order to share a part of my experience with you, I’ve compiled a list of five great thing about starting your own company. In my opinion, the best thing about starting up is that you’re doing what you [...]
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We’re a few short days away from launching Moodsnap in private beta, and as I sit here reflecting back on the journey from idea conception to now having a functioning (and dare I say compelling) application, I can’t help but feel grateful for the team that made it all possible. I want to share with you how [...]
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