One of the biggest roadblocks holding us all back from that awesome business idea is the belief that we don't have enough money. Enough money to kickstart the project, enough money to keep it going and enough money in profits to make it worthwhile. We asked an expert about how to overcome the financial pitfalls that often face budding entrepreneurs.
Tagged With entrepreneur
Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.
One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.
These days, most people hit the web to discover new businesses and when you're starting a company, it's important to build your brand online. Setting up social media accounts is a given, but managing them doesn't just involve making posts and responding to followers. Every move online needs to be well thought out, including who you affiliate with online.
I have met many brilliant and entrepreneurial people in my life who have had grand ideas for a businesses. They enthusiastically give me details about their ideas and some actually go through with them. I can see they're determined to succeed and yet I've seen many of them fail. It's often the ones who don't know much about the ins and outs of running a business that stumble. Here's why.
You can have 100 per cent faith that your start-up is a winner but not everybody may think so. A lot of these people's opinions won't matter but if there's one group out there you have to impress, it's the investors. Before you head in to a pitch to investors, here are five questions you should ask yourself about your business.
The mere mention of "start-ups" conjures images of successful businesses like Uber and Atlassian; companies where their founders turned simple ideas into multimillion dollar ventures. We're overwhelmed by coverage of start-ups that do make it big, which has encouraged more people to join the fray and create their own businesses. But the reality is most of them won't make it big and playing in the start-up game is like entering the lottery; a very expensive lottery. So how do you know when you should bow out? We put this question to a group of start-ups and a venture capitalist.
We are seeing a growing trend of people starting their own business. Everywhere you look now, there are aspiring entrepreneurs sitting in cafes plugging away at their idea, a new Kickstarter campaign being launched or a new pop-up that aspires to become a thriving business. Is it just that these businesses are more visible or society has become more attuned to noticing entrepreneurs?
Hey Lifehacker, I would like to start baking from home and selling to people (probably at markets and/or on a made-to-order type basis). What regulations should I be worried about? Obviously restaurants and bakeries have strict health codes that they have to follow, but do those apply in my work-from-home case? Am I just overthinking about the situation and should just get stuck into baking delicious treats?