If you want to succeed in business, you need to go through difficulties. Some of these difficulties will look like failures. In fact, this is all part of the process. Nothing in life is perfect. You should never expect a totally smooth ride. In fact, some of these rides are so rough that you might be ready to give up. In fact, you need to take advantage of these times when things do not go exactly as planned, because this is the reality of the business world. It is all part of the experimentation process. It is also not easy to learn from your successes. There is one thing that you need to bear in mind, is that every failure is an opportunity to learn and to things better the next time. Let us go through some of the ways …..
Finding investors is often challenging. It is also one of the most important steps when it comes to growing your business. The best way to find investors is to approach them I person and then pitch them your idea with that famous elevator pitch. The elevator pitch is essentially what you would be able to tell somebody about your business or investment idea in under a minute, or the time that it takes to ride an elevator with somebody else. One of the most ideal places to give this elevator pitch is at events where investors and other entrepreneurs will be present. Once there, all you need to do is approach them. This can be very tough for certain personality types, however. This is because three fears can hold you back. Once you overcome these fears, you will be able …..
The most difficult part for any company is to get past the initial stages. It has been found that most companies wither away within the first five years. One of the principal reasons for this is the lack of external funding. First I need to define what an angel investor is. It is different from a venture capital firm, but often the two are thought to be one and the same. Typically and angel investor is able invests smaller amounts, can invest without needing a place on the board, that it making managerial decisions, they impose less control on the investee and do not require complex terms. It is possible for a venture capital firm to be an angel investor, but one must be wary of the amount of control that the venture capital firm will want to exercise. There …..
We all want our business to grow. The problem, as will a lot of things in life where we want to make progress, is that we do not necessarily know where to start. You want to improve things. This can be in one of several ways. You might want sales to grow, costs to fall, your promotional activity to be more effective. Whatever it is that you might want to resolve, you might be totally when it comes to finding a solution. There is a very simple rule that you can go by which can help you improve your business. 80/20 is a fundamental ratio which applies to a lot of things in life. It applies to business, too. This 80/20 rule is also known as the Pareto principle. In short, it means that 80% of the effect comes from …..