You’ve come up with a business idea that you’ll think will fly and you’re excited. You’re prepared to take some risks like ditching your social life or quitting your current job. The only road bump that could threaten to burst your bubble is your bank balance. With little money in the kitty, getting a business […]
Continue readingFood is the basic necessity of every human. Not everyone gets time on a daily basis to leave home to buy groceries or go out to a restaurant only to wait in a queue. Internet-based food ordering businesses are thriving on this limitation as they let customers order food from the comforts of home and […]
Continue readingToday, most, if not all businesses understand the importance of climate change. Our ever-increasing consumption of natural resources is widely accepted to be unsustainable, and businesses are having to adapt in order to meet changing customer demands and new governmental policy. In the past year alone, sales of consumer goods from brands with a demonstrated […]
Continue readingThe motivations for starting a business are understandably diverse and complex. In a recent report by the Department for Business Innovation & Skills, over 1,000 global entrepreneurs were interviewed and listed their primary motivations for creating a company. These included: Autonomy & better work: Freedom, flexibility, and better work opportunities. Challenge & opportunity: Personal challenge, […]
Continue readingOver 500,000 startups are launched every year in the U.S. alone. The majority of them fail. While there are many reasons for their failures, probably the most common is the lack of resources – money and manpower. New business owners are low on cash, and they need expertise that they cannot hire, for essential business tasks. One […]
Continue readingAny new entrepreneur knows that investors can provide more than just capital to their business — they can become resources for organizing, marketing, and realizing ideas. Mentoring and nurturing people with their ideas can be as important as the first seed capital funding that they receive. Sometimes an angel investor is akin to a good […]
Continue readingIs it uncertainty or opportunity? Let’s talk about risk and uncertainty. I remember 20 years ago when I was working for Harrison & William in London, my manager unexpectedly resigned one morning and there was lots of talk and worry in the office about what was going to happen, but especially within my team of […]
Continue readingFor a certain breed of individual, there’s always been something quite alluring about the thought of being stranded on a desert island. The idea of being totally responsible for every choice we make and the part each tiny decision plays towards our ultimate success or failure is for some, the perfect challenge. We are of […]
Continue readingThink of the executive summary as a one-page business plan – it provides a comprehensive overview of all the elements that will make your business model a success. Since it’s likely the first impression that investors will get from your company, the executive summary is your best chance of grabbing the attention of investors. […]
Continue readingThe American Dream is alive and well with entrepreneurs starting their own business ventures left and right. While many aspiring entrepreneurs might be discouraged by the dismal survival rates of startups, others might be surprised that the beginning might not be as difficult as they thought. Intuit conducted a survey of 500 small business owners […]
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