If you are amongst the new entrepreneurs, the biggest challenge faced by you is to convince your investor that your idea is good enough to work. You need to know what exactly the investors are expecting from you. You should be completely aware of what would catch your investor’s heart, and what might create antagonism. Well, here are some expert tips on how to impress your investor and make him believe in your idea. Read more
Some entrepreneurs are very successful and they are able to succeed in whatever they do, while on the other hand, we have entrepreneurs who are not able to achieve such great success. Surely, there are reasons behind such stark difference in performance and our main aim in the following sections will be to look at those reasons.
For any business trying to establish itself in the industry, the most important thing is to have a unique product. However, there are few things such as SEO, which entrepreneurs can utilize to improve their online presence. Most people use search engines such as Google, Bing and Yahoo as their tool to find information about any business. Search engine optimization can help you get better visibility in search engines thereby resulting in improved business opportunities.
Many of the entrepreneurs remain as startup for longer than required. Entrepreneurs need to get out of startup mode if they want to grow and become a matured business entity. For you as an entrepreneur, the plan should be to reach a good position within two years of starting the business and establish your position in the market.
Steps to Move Out of Startup Mode
Businesses comprise many different tasks and it is not possible for an entrepreneur to be expert in all of them. In addition to it, instead of doing some of the errands, entrepreneurs can spend that time on more productive work. The solution is to outsource some of the most common tasks, which do not need your attention so that you can focus on other things that are more important for the company.
A leader should be mature enough to accept responsibility in case things go wrong. In addition to it, failure is a learning experience, which helps us to improve further. We will now look at the recent incidence of Gurbaksh Chahal to understand how entrepreneurs in general should not behave and it is a classic example of things entrepreneurs should not do if they want to succeed in their profession.
Of course, you will receive plenty of training in business schools and institutions when it comes to building and managing a startup. However, some of the most valuable startup lessons are often learnt on the field rather than in a classroom. Following are some of the more important lessons you will not be able to learn in any business school/institution. Read more
Investors who wish to invest in an early stage startup in a yet unproven market or technology would usually focus on the team behind the idea. While a known market and technology would make it easier for startups to attract investors, a startup that is yet to enter a market that it hardly has any knowledge or experience in, would need to portray a strong team in order to attract potential investors. Read more
Social media has become an indispensable part of today’s business world. A huge number of entrepreneurs are trying to either give a boost to their businesses or have already taken those to new levels by utilizing the marketing potential of this valuable two-way communication system.