By Martha Salinas
The world’s largest companies are often associated with high-rise offices and massive workforces. But behind most success stories are humble beginnings. Amazon, for example, was started in Jeff Bezos’ garage before becoming the most valuable company on the planet earlier this year.
It can be easy for industry leaders to lose sight of where they started or how they might inspire those who hope to achieve similar success. However, those who donate just a little bit of time and money can help startups get off the ground while also reaping potential dividends along the way.
Access to new networks of potential partners along with fresh perspectives on industry issues are just a few of the many perks executives stand to gain from helping startups. Better yet, a more robust startup scene can help pave the way for economic growth that will benefit the surrounding community for years to come.
From becoming a mentor to offering funding, explore the ways in which you can help entrepreneurs find success while also advancing your organization and the local community.
Offer a shoulder to lean on
In today’s highly competitive startup landscape, mentorship is essential to staying afloat. Seventy percent of small business owners who receive mentoring keep their company open for five years or more – twice the rate of those who aren’t connected with a mentor. Interested in offering up your expertise and experience? Reach out to startups directly or partner with an organization, such as a startup incubator or entrepreneurship networks, that can match you with a startup in need of some advice.
Techstars is one example of the many accelerator programs that are bringing startups and mentors together. Check out the organization’s Kansas City community to learn how you can start supporting local entrepreneurs. Whether it’s offering feedback on pitch ideas or outlining next steps for an upcoming product launch, there’s no limit to the ways in which you can help startups in your community.
Share the wealth
Although the U.S. coasts have traditionally served as hotbeds of angel investing, they aren’t the only areas in need of funding. More than 60 percent of angel investors live outside of Silicon Valley, New York and Boston. If a startup’s growth trajectory is particularly impressive, consider opening up your checkbook. While mentorship is invaluable, an influx of cash also stands to provide businesses with the flexibility and opportunity needed to continue innovating.
Ensure you’re investing in the most promising startups by joining a network of accredited angel investors, such as Women’s Capital Connection (WCC). Designed to highlight women-led startup business opportunities, WCC helps prevent a lack of funding from becoming a barrier to great ideas while empowering women along the way.
You can read the full article on Startland News.
In the Press
Brandon Spear, president of MSTS, sent in the following perspective on the Goldman-Amazon partnership:
By Brandon Spear
Enhancing the B2B purchasing experience isn’t just crucial for keeping current customers satisfied, it’s an essential strategy for gaining new ones.
By Brandon Spear
Online buying has derailed traditional buyer-seller relationships. In days past, B2B sellers based credit extensions on trust. Today, those extensions are often made without ever coming face-to-face—opening up a Pandora’s box of potential fraudulent activity.
Call it a tale of two payments trends.
Or: It was the best of cash flows. It was the worst of cash flows.
The payments realm is a bifurcated one, where business-to-customer payments are increasingly marked by speed, convenience and instant transactions.
Many businesses need to process transactions across borders, between large companies, and beyond. But how can it all run efficiently? How does the B2B eCommerce space differ from B2C eCommerce?
The U.S. manufacturing sector, valued at approximately $2.4 trillion, accounts for an estimated 11 percent of the national gross domestic product (GDP). However, U.S. manufacturing has encountered significant damage recently over the ongoing trade war with China. In fact, the U.S.
When Brandon Spear took over as president for MSTS four years ago, the company began to shift away from what it had been focused on for 40 years prior.