The greatest difficulty in entrepreneurship in its early phases is the search for different ways to obtain money, financing, to be able to start your idea and get to overcome the so-called ” valley of death ” or initial phase of your project until you start to obtain positive results by covering your costs. In these early stages, the most common way to obtain financing is to resort…
Overcome scarcity of fast-growing markets, management bandwidth, and talent and you can outgrow your peers
Scarcity can give your business a competitive advantage. To be sure, there are certain kinds of scarcity — lack of ambition, insufficient talent…
The magic of pre-IPO valuationsStartups almost never have profit. They are lucky if they have a product, and they rarely have revenue. Despite this, they still need to attract customers, employees, and, most importantly, investors. So how does a new company without obvious market value attract potential investors to keep growing and making...
Artificial intelligence (AI) is what computer scientist Andrew Ng calls "the new electricity." However, despite its abilities and appeal, AI is not a fit for every situation. In my earlier article, I presented 5 scenarios to avoid investing in AI. To find out if your startup needs AI,...
Starting a business is exciting and rewarding. But determining how much everything will cost can be challenging, as can finding those funds. A Shopify survey of 300 small business owners and 150 aspirational entrepreneurs in the U.S. found that they spent, on average, $40,000 in the first year of business. But every business is unique, and costs will vary…
Generally speaking, the word “no” carries a weighty, negative connotation. From an early age, we’re taught that “yes” — its affirming counterpart — is more favorable. This duality is further reinforced when we enter the workforce. Understandably, we want to prove ourselves to peers, management, clients and customers…
Before you start a business, ask yourself these questions to find the best match for you.
Most aspiring entrepreneurs I know are just waiting for that unique idea to strike them that will kickstart their new venture, put them in control of their lifestyle, allow them to achieve financial independence…