The troubled economy is pushing more and more people to choose self-employment, whether they run their own businesses or contract with other companies. Technology allows many employees to comfortably work from home, but when you’ve worked in an office environment your entire life, home can get lonely pretty quickly. Coworking ...
Have you ever had a brilliant idea flash into your head, the kind that made you think, “Hmm… a perfect idea for a start-up!” You probably have … but did you drop everything and run with it?
Jessica Scorpio and Elliot Kroo, co-founders of GetAround, did.
In a move straight outta the comedic TV series Portlandia, Eric Loebel rode his bike to work almost every day, leaving his car languishing in the driveway. One day, he got sick of looking at it sitting there and thought: Why not put that car to use – and make a bit o’ cash — by renting it out?
So Loebel joined one of the country’s first peer-to-peer car-sharing companies, GetAround. This start-up uses P2P to get wheels out of the driveway and onto the road. Users simply add their car to a list of local vehicles and set their own hourly or weekly rates. GetAround has been so successful that Business Insider named it one of the 20 Best New Startups of 2011.
But not all start-ups are this successful. Often, it’s those oversights – like making sure you have short term health insurance, having an insufficient business plan or hiring too many managers – that trip-up start-ups, even when they’re based on fantastic ideas.