Long gone are the days where individuals place value on possessions rather than experiences. Over the last decade, peer-to-peer startups have begun to revolutionize the world by placing an emphasis on access over ownership. Lyft, Airbnb, and BlaBlaCar are a few meaningful peer-to-peer startups that have provided beneficial platforms for freelancers and clients. Here are three tips to get ahead of the game when creating a peer-to-peer based startup.
Startups are all about launching the right idea, at the right time while steering clear of that “fiscal cliff.” Often, the fear of funding, or lack of it, can keep that great idea from becoming the next Great idea. “7 Tips for Bootstrapping Your Startup,” posted on Mashable.com, addresses that familiar wall-of-worry with a few examples for the entrepreneur to consider before reaching out to peer-to-peer funding.
Have you ever heard the saying, "Entrepreneurship is living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't"? This is a fundamental characteristic of many successful people, a willingness to avoid giving into today's wants and desires so that they can earn a greater reward in the future. So, as an entrepreneur, you must ask yourself, can you pass the marshmallow test?
Deciding to hire an accountant or bookkeeper is a big step. Whether you are looking to hire someone part or full-time to help with your books or just outsource what you need help with, it is important to hire the right person for the task.
Peer-to-Peer Start-ups like Lending Tree, AirBnB, Task Rabbit and others are great businesses. They provide a tremendous service, have high valuations and strong revenue growth. However, getting to the point of lift-off is not always an easy thing to do. There are a few tips that can help companies get from zero a virtuous cycle of growth.
You know them now as successful CEO's and entrepreneurs, but they all started out somewhere. Their life lessons are some of the most important pieces of advice you will ever receive, but reading each autobiography is a time-consuming task. Luckily, we have compiled the top five lessons to learn from marketplace entrepreneurs for you.
You are an entrepreneur! You are passionate about your product or service; you are excited about creating your brand; you are working hard to grow your market footprint; you focus much of your attention on bringing in new orders.
First-time entrepreneurs tend to misstep on the road to business and financial success, not because they're bad at business, but because entrepreneurship is a learned skill. It takes experience, practice and persistence to make a successful business a reality.
For first-time entrepreneurs, accounting for business income, expenses and taxes may seem daunting especially if the business has inventory or fixed assets. This is because there are different rules regarding recognition of accounting and taxable income, along with deductible expenses.
The business climate in Colorado is strong and welcoming to entrepreneurs. Looking at the Kauffman Foundation rankings, Colorado shows up as second on The Index of Mainstreet Entrepreneurship; fifth in Startup Activity and seventh on the Index of Growth. With those numbers, it is easy to say that entrepreneurship in Colorado is alive and well.