Category: Startups

4 tough decisions entrepreneurs will inevitably face

In this article we look at four tough decisions that entrepreneurs will inevitably face. To be clear, there is no easy way through many of these situations – nor is there a one-size-fits-all approach to handling them. As is often the case in business, it’s simply a matter of weighing up your options and trusting your gut, then prepping yourself for the task at hand.

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What stage of the business life cycle are you in?

While fair to say that business is never not challenging, a look at each of the stages of the business life cycle highlights a unique set of obstacles to deal with and overcome. You will have to be flexible in your thinking and adapt your strategy as you move along. Indeed, different approaches are required for market penetration versus, for example, what may be required to achieve growth or retain market share.

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Simplification: The entrepreneur’s secret to success

I don’t do complex. This goes for every aspect of my life – I don’t like clutter, I don’t like having fifty irons in the fire at once, I don’t like a to-do list that never gets any smaller, and I especially don’t like running from one meeting to the next without being able to catch my thoughts. In short, I like to keep things simple – and so should you.

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Top startup opportunities 2016

2014 saw the highest level of venture capital investment since the dot-com boom in 2000 – a staggering $48.3 billion; and the first nine months of 2015 exceeded the entire 2014. It’s startup fever, folks, and here is a look at some of the hot sectors for the coming years.

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Virtuzone startup series: The Snapchat story by the numbers

It’s been four years and nine months since Snapchat co-founder Evan Spiegel floated the idea of an impermanent photo sharing app as part of his product design class project at Stanford University – apparently to the bemusement of many of his classmates. Today he is the youngest billionaire in the world (age 25). Let’s take a look at his company’s startup story.

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How to be a better boss

For all you bosses out there, you know that it can be the best of times and the worst of times all on a single day – all in a single hour. It is a constant weight of responsibility on so many levels, and because you are not dealing with robots that simply need to be programmed and away they go to complete the tasks, but rather humans who have different ways of seeing the world with complex personalities and sensitivities, you’ve got your work cut out for you pretty much 100% of the time.

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Avoid these 5 common sales mistakes

For the vast majority of new businesses, sales is top of mind day-in and day-out. While it is hard to rank tasks according to importance (it literally seems as though everything matters at a startup, doesn’t it?), we have to look at early sales success as key not just to growth, but to survival.

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Is there a “right” age to start a business?

While it is clear that age is by no means a barrier to startup success, there are some big questions to answer here. Mainly, are there advantages and disadvantages to starting your business at a particular age in life? Let’s have a look.

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Do you need a mentor for your startup?

Generally, we assume a mentor is someone who encourages us to maximise our potential by helping us develop the right skill sets and make the right business decisions. But in reality, how does this manifest? Is it an ongoing learning process, a structured development plan, or simply a few sage words of advice at the right time?

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The top mistakes startups make

A vast proportion of the startups that fail to get off the ground do so because they fall foul of one, or several, common pitfalls. So whether you’re planning for a future launch, looking to build your own business while employed, or sitting on the next billion-dollar startup, make sure to avoid these top startup mistakes.

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