Why Startups Fail

All of us have read the statistics about the percentage of startups that fail (and the even smaller percentage that receive venture financing).  But why is that?  Well, there are two reasons IMHO:  Lack of focus and bad decisions. 1. Lack of Focus. How many times have you sat through a discussion with a friend or colleague who walks you through their grand idea for a new product or service and the story keeps going on and on and on?  The ideas... Read More

Three Reasons to Avoid Layoffs

Sustained periods of economic downturn send many small businesses reeling, especially technology startups. Eventually, startups succumb to layoffs.  This is often because many organizations have either been counseled or have been conditioned to think of layoffs as a key cost and workforce management tool. But are all the costs being recognized and fully accounted for?  While the costs savings associated with a workforce reduction are readily measurable,... Read More