Tag: startup (Page 1 of 3)

Questions To Ask About Your Business Model

business modelOne of the leading thinkers about business models is Alex Osterwalder, the authored the book Business Model Generation and articulated the Business Model Canvas. Osterwalder advises that entrepreneurs ask themselves the following questions about their business model as this may be helpful in identifying strengths and weaknesses in the approach to the business…

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Evaluating Your Business Idea

There is no magical way to predict if your business idea is going to take off or not. This entrepreneur however provides some insights on the kind of thinking that gives you some clues about the feasibility of your business proposition

 

A Definition of Business

Every successful business

(1) creates or provides something of value that
(2) other people want or need
(3) at a price they’re willing to pay, in a way that
(4) satisfies the purchaser’s needs and expectations and
(5) provides the business sufficient revenue to make it worthwhile for the owners to continue operation.

That is an absolutely great definition – one that every startup needs to remember

How To Grow Your Small Business

How To Grow Your Small BusinessAs an entrepreneur, when you ask yourself how to grow your small business to the next level, you might at first think this is extremely difficult and get frustrated by the lack of possibilities. The reality is exactly the opposite – there are quite a few ways to do this and this article suggests a list of the kinds of things you can think about immediately. So let’s get started…

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The Entrepreneurship Myth

Don’t believe the entrepreneurship myth that all you have to do is start a business with your brilliant idea and you can become the next Mark Zuckerberg of Facebook. This is the kind of stuff one hears at university lectures from people who have never started a business themselves. This video is a great reminder of the reality that entrepreneurship is a long-term commitment and bloody hard work. If you don’t fancy working hard, having setbacks along the way and doing long hours, this entrepreneurship thing is not for you

 

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