On April 27th, 2018 two of FarShore’s partners, Impowerus and Explore Interactive, competed in the final round of the McClosky New Venture Challenge at the University of Notre Dame. The competition started in November 2017 when they, along with hundreds of other new venture groups, submitted an extensive application including an executive summary. Upon acceptance, the ventures submitted a detailed business plan and finally presented in the semi-final and final rounds April 26-27th. Impowerus is an online platform to connect…
Category Archives: Entrepreneurship
Crowdfunding for small business: How to secure funding
When you hear the word crowdfunding your mind might immediately think of the campaigns people post on Facebook to help with their college books or spring break plane ticket. But, believe it or not, there are other ways to raise money for your small business other than posting a link on Facebook. Reward, debt, donation, and equity are four types of crowdfunding and each has its own set of benefits to bring to your company’s situation. Discovering the pros and…
I have an idea for an app: where do I start?
If you are reading this, you have surely been bitten by the entrepreneurial bug, or have an undeniably unique and awesome app idea that just needs to be a reality. In all of the excitement of dreaming up this new possibility, you might have found that you are like so many other entrepreneurs and do not singularly hold all of the skillsets to get from point A to point B (or even know what point A should be). Yes, for…
Partner Company Bucketfeet Acquired by Threadless
Long standing FarShore partner, Bucketfeet, has recently been acquired by Threadless. As two Chicago retail companies, they have shared a similar mission to highlight creators through collaboration with emerging artists. Since Bucketfeet’s launch in 2011 they have built a community of over 45,000 artists and have sold nearly a million pairs of customized shoes, promoting a union between utility and art. Tangible design is more than prints you can wear, it means reaching out towards every corner of the globe…
Is My Online Store Idea Good? Answer These 10 Questions And Find Out!
Imagine a teacher who expects her classroom to operate smoothly and her students to learn all of the objectives needed to move onto the next grade but has no plan or strategy on how to accomplish these things. Crazy, right? Success comes with planning and strategizing, not by chance. This is especially true in business. If you want your business to get started on the right foot then creating a plan and implementing a strategy are two essential first steps…
Are You Ready to Start and Run Your Own E-commerce Business?
Your product is perfect. It is sure to be leading the marketplace in no time. People are going to wonder how they ever lived without it. You’re ready to start selling it...right? Surprisingly, it’s not just about the product to have a successful business. Everything behind the scenes has to be perfect as well. Before you can have your grand opening, there are several areas of your business you have to innovatively and critically think about. We have worked with…
