Email newsletter platform Substack has raised more than $15 million in Series A funding, and consultant Gene Marks writes that business owners can take this as a cue that "email is still king." Marks also rounds up other technology news and offers his take on cybersecurity bills passed by the US House.
Building on a passion for BMX bicycles, Zack Phillips created Kink BMX in 1994 and has grown the business to the point where it now supplies about 1,500 shops in the US. "It's all about making [the bikes] affordable to the customer, as well as strong and light," Phillips says.
Some entrepreneurs choose to run their businesses as side projects, while others completely dedicate themselves to the cause. Gabrielle Pickard-Whitehead explains the pros and cons of each option.
Before taking out a loan to upgrade your business, it's important to consider these key factors, writes Jared Hecht, co-founder and CEO of Fundera. Learn about which types of loans are available, eligibility requirements and the typical trade-off between affordability and repayment duration.
Tru by Hilton plans to expand into Washington with a 43,000-square-foot, four-story hotel in Spokane Valley. The Tru by Hilton brand is designed to attract younger visitors and offers features such as build-your-own breakfast bars and markets with gourmet snacks.
As Bruster's celebrates its 30th anniversary, it has achieved six consecutive years of same-store sales growth. CEO Jim Sahene credits the growth to passionate franchisees, fresh products, the Sweet Rewards loyalty program and an updated register system.
After an injury cut his professional football career short, Tafa Jefferson became an entrepreneur, eventually co-founding Amada Senior Care and growing the brand to include more than 130 franchised locations. "We teach our franchise partners how to provide a total solution for care -- placement services if affordable senior housing is needed, in-home placement, and technology that can help families keep tabs on mom and dad," Jefferson says.
Public and institutional investors are likely continue pumping money into startups, particularly technology firms, with 59% of those surveyed by PitchBook planning to boost funding allocated to private companies in the next five years. Investment in private tech firms reached a record $274 billion in 2018 -- a 57% year-over-year increase -- and private companies have raised $107 billion this year as of June.
Work to understand the market when seeking funding, then develop your strategy and carefully evaluate the market fit, writes Lonnie Martin. "Are the situations of your initial customers likely to be found among many other customers, or did you just have beginner's luck?" he writes.
The right time to hire a business coach is when you think you can't move forward, writes Deborah Sweeney. "When you meet with your coach, bring a healthy attitude when it comes to constructive criticism and be willing to put in hard work," she writes.