Asking if a business idea is worth any SH*T? Here we tell you 6 things to consider before starting a business. But first of all, two disclaimers: 1st — This article is based on my own experience (as someone who has started three different businesses) as well as the experiences of my fellow entrepreneurs. If you are […]
It is not always a good idea to rely on your best assumptions or gut instinct. Perhaps it would Be ok for minor risks, such as selecting beer at the supermarket or clothing at a department shop. But not when considering where to establish a business. I’m not suggesting you should abandon your instincts entirely.
Forging enduring business alliances in unusual places. This is the first article of a series about how to find business mentors. To receive the next ones directly in your e-mail, subscribe to our list for free here. Entrepreneurs frequently leave their home country. The unpredictability and difficulty of beginning a company in an unknown environment add to
This is the first article of a series about Competitive Analysis in a Business Plan. To receive the next ones directly in your e-mail, subscribe to our list for free here. It was a brisk Sunday afternoon in Warsaw, Poland. At the main square of the city, my wife and I met her parents for a
What Is the PEST Business Analysis Listen to “Entrepreneur Decision Making Tools – Use NOW the PESTEL Analysis for Small Business” on Spreaker. PEST is an acronym for political, economic, social, and technological. These four factors make up a business’s external environment and can affect a company’s performance. This is especially true for small businesses, which
Business Risk Assessments for Every Entrepreneur A simple but efficient way to assess the types of business risk is the Impact vs Likehood matrix. Often we learn it at business school, but later in our careers and projects, we forget it. Big mistake! This is an exceptional tool for entrepreneurs and managers when assessing uncontrollable