No matter how seasoned an entrepreneur, every business startup has its share of surprises. Whether the entire business idea changes radically during the early stages or an unconsidered market segment emerges as the top consumers, expect the unexpected. How a business owner deals with surprises is a major factor that ...
February 8, 2019TR8iT
Most of us, when we start a business, are skilled in the basic discipline of that business rather than the business of finance, and like most established disciplines finance had developed its own vocabulary.But now we need to talk to our funding agencies, and to do that we need to ...
December 29, 2018TR8iT
You are likely to be plunging headfirst into your business startup because you know no other way. Your brain is bursting to get going. You have no choice. That's the way it is. But if you squeeze your priorities and fit in one other process, your chances of success will ...
December 21, 2018TR8iT
The entrepreneurial spirit is often difficult to define let alone examine in detail because of its perception as a highly creative and dynamic entity and it is with this caveat that this article is written.Whilst the entrepreneurial spirit can be applied to a wide range of disciplines and professionals it ...
May 21, 2017TR8iT
Whether your company is a start-up or several decades old, the business model is the hub around which all activities revolve. The business model is the blueprint that shows company leaders how to create value and build a money-making enterprise. It is the engine that drives revenue and generates profits.Fail ...
April 18, 2017TR8iT
During my time as an early-stage investor, I would get super-frustrated every time a team of enthusiastic and energy-ridden entrepreneurs would come through the doors of our offices ill-prepared for our meeting. The idea they have may be great, the team may rock but it was a blow to the ...
April 12, 2017TR8iT
Micro entrepreneurs as defined by EU regulations are the owners of small businesses that have fewer than 10 employees and have a turnover of less than 2 million euros. Examples of micro entrepreneurs are owners of bakeries, beauty parlours, child care facilities, repair shops, arts and crafts shops, painting businesses, contracting businesses, ...
March 28, 2017TR8iT
Apart from having a great product, good sales, good SEO, great marketing, and so on... there is one thing that is vital to the long term growth and success of a startup: good accounting.And yes... you may not be as versed in numbers as your accountant is. But do understand: ...
"Be of good cheer. Do not think of today's failures but of the success that may come tomorrow. You have set yourselves a difficult task, but you will succeed if you persevere; and you will find joy in overcoming obstacles. Remember, no effort that we make to attain something beautiful ...
An alarming number of new businesses collapse in the first year of operation, and many of the survivors do not live to see their fifth birthday. Try to follow the suggestions in this article if you do not want your venture to join the long list of failed businesses.1. If ...