You have a great idea, even a brilliant one. A new product or technology that hasn’t been seen before in your market, so it should be a done deal right?
Anytime, is the right time to engage an advisor in your startup. At some point in your business lifecycle you will hit a ceiling and realise that strategic advice from those that know their particular area of business exceptionally well can speed up your progress and success.
This might be something you realise when first starting out, or at any point in your startup journey.
So how do you get the most out of your advisors when you have a start up? Here are our top tips.
It is estimated that 70% of startups struggle with scaling. Getting a product to market and then gaining some initial interest and excitement is hard work, but it really is just the beginning. Once you have a working business and the wheels are churning then you need to be able to scale that business in order to maintain the future of the business.
Here are our top three areas we feel that many CEO’s miss and need to be doing in order to scale successfully.
Artificial Intelligence (AI) was a thing of science fiction fantasy in the not so distant past, but now it seems to be part of the business vernacular.
Entrepreneur is a pretty cool term. It is certainly a buzz word at the moment, with many people choosing to leave behind the security of a job to start their own business.
Every entrepreneur has a different story about why he or she decided to go on that road. But if you are considering starting your own business, here are a few truths about just what it takes to build a successful business and be an entrepreneur.
Entrepreneurs are more than just business owners. They are visionaries and risk takers. They have a passion and insatiable drive to develop a business, taking on risk in the hope of financial gain. They are often the people that disrupt an industry and provide change and new and innovative products to the market.
Starting a business can be a roller coaster of emotions. But there comes a day when the dust has settled where you have to start generating new business, but how do you grow your business when you haven’t got much revenue to work with?
Here are our top tips for scaling your startup when you need to stick to a tight budget.
You have a startup and it has great potential, might even be the next big thing. So how do you upscale for significant growth in the beginning? Why are some of these tech startups seeing what seems like overnight success going from $0 to millions in a couple of years? The answer is often through an accelerator program.
Despite accounting’s boring reputation, it can't be emphasized too much how essential it is that your business follows best practice accounting principles right from the start. No matter what size your startup is, there are some fundamentals that even the smallest self funded startup should be applying from the get go.
To keep your people costs down it can be beneficial to automate as many of your processes as you can.
You have just started in a new business and you want to make your mark, stand out from the crowd and make a good first impression in your industry and with clients. Here are 5 things you can do straight away to set yourself apart:
In a few years it will be hard to find a business or person that isn’t touched by Virtual Reality ("VR"). In fact, if you are using Siri on your phone or have Google Home or Amazon’s Alexa then you already have virtual reality in your life.
Startups are difficult at the best of times, but there are some issues that are unique to the world of tech startups. We have broken these into two sections, financial viability and strategic advice.