1. Persistence. To me this is one of the key ingredients to success. You must be committed to the process of building your business and have the fire, hunger, and passion for creating something. Coming up with ideas is easy. However, making money from an idea is difficult. It usually takes several failures before you can become a successful entrepreneur. Stay motivated and keep thinking of what you are doing this for. Concentrate on what your goals are and where you will be in the future.
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Trends in Web Start-ups
We can now communicate across the world at the speed of, well, sound. Worldwide communication is so fast , you can hear about the news in Japan sooner than most people in Japan do if you are watching the right 24 hour news channel. Information travels faster than ever.
Consider that the cellphone, which used to be a bulky brick in the early nineties, is now a small, cheap, portable multimedia computer. It's pretty much lost the focus of it's original functionality, i.e. making a phone call.
The Benefits of Having a Mentor
Starting up a business is hard and a lot of work, it’s certainly harder going it alone. Entrepreneurs starting up a new business should consider the value of having a mentor. Around 90 % of startup businesses fail, but the statistics vastly improve with startups that have mentoring along the way. So what is it about mentoring that can help the chances of a startup’s success?
Idea! Partnership of Utah has been Launched
There is a new funding source and business accelerator for start-ups on the rise, called Idea Partnership of Utah. Idea Partnership has announced the opening of its business incubator. They provide entrepreneurs with mentoring, training, and contacts from seasoned entrepreneurs with a track record of success. Start-up companies that are chosen for the incubator program also receive office space with amenities. This is a great opportunity for entrepreneurs with an internet idea or startup that want to accelerate and grow their business to its full potential.