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The startup arena has its own vernacular. Navigating through it isn’t always obvious. All the hype around entrepreneurship and innovation doesn’t help either. Often, so-called “experts” use terms erroneously, potentially misleading unaware first-time founders. Data show that entrepreneurs who get help in building their startups have increased chances of attracting investment. Both incubators and accelerators …
Workforce engagement is low in Europe Recent stats show that up to 86% of the workforce in Europe is not engaged or actively disengaged from their work. This has serious implications for the bottom line of companies and the economy. Disengaged employees are disconnected from their companies and may be working against employers’ interests. This …
As a founder, expect rejection. But above all, learn from every single “no” you get. All entrepreneurs experience it and building up resilience is the only way forward. Hearing “no” is a daily routine for entrepreneurs. They hear it over lunch, dinner, over the phone, from someone leaving a meeting early or even from their friends over …
All entrepreneurs make mistakes. Quite often mistakes lead to wasted opportunities, time and even money. But in fact, mistakes are part of the excitement of doing it. Otherwise, it would just be a dull and easy exercise. Anybody would be able to do it. Knowing that you are outsmarting the challenges is a huge thrill …
Most of us are scared of failing. It’s normal and if you haven’t experienced it yet, trust me you are not doing anything worth your own time. Fear of failing can be immobilizing, and stop you from doing anything at all, from moving forward. I will do my best to be crystal clear. If a …
Peter Drucker, also known as the founder of modern management, said that “if an organisation is not able to innovate, it faces decline and extinction.” Nowadays, in this era of fast-paced change, new technologies and disruption, this remains true. Innovation is one of the key drivers for business creation. Only those who are able to …
Entrepreneurs can change the way we live and work, and have the potential of improving our standards of living and creating social change. Research also suggests that entrepreneurship is the most effective way of integrating minorities and those who feel alienated, promoting a well-composed plural society. According to the Global Entrepreneurship Monitor, high potential entrepreneurs create, on average, 3 to 15 times more jobs than other entrepreneurs. In fact, it is estimated that these entrepreneurs create as much as 38% of all jobs in an economy.
New Venture founders throw around several terms when discussing their startups and planning for success. One of these terms is “Business Model”. It is one of those things we recognise but aren’t really able to define. Michael Lewis goes further by saying that business models are like art in his book entitled “The New …
Starting a venture can be extremely rewarding; financially, emotionally and psychologically. However, successful entrepreneurs endure weeks, months and even years of preparation before launching their venture. Recurring obstacles provide growth, change and improvement opportunities. This preparation work is extremely challenging as it is often unrecognised. It is also very hard to understand whether the venture …
Nowadays the term “startup” is thrown around quite a lot. Not understanding what this term means can have extremely negative consequences on the entrepreneurial ecosystem. It also deeply affects the long-term success (read: survival) of the venture. I argue that a first-time entrepreneur must be able to clearly identify the nature of his/her own venture, …