Tag Archive for: small business

Guiding principles that all entrepreneurs should consider when designing their website and digital presence

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How important is the website for a business?

Imagine yourself getting a reference for a service or a product from a company that you have never heard before. What is the first thing you do? You go and search for the company’s website and also check their social media. Correct? At least this is what I do. In 2019 the digital presence or digital “foot-print” of companies is one their single most important assets. In simple terms you can simplify it and see it as a digital brochure a tool that informs your audience about who you are what you do and how you can help them with their problems.

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8 Reasons why Small Business and Start Ups Fail?

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“Failure is the opportunity to more intelligently begin again…”

Henry Ford

Today I’m going to explain to you what I see to be the essence of failure management and this is how failure should be managed by entrepreneurs and businesses.

Learn from your mistakes and make them part of your business experience. Try not to repeat them and always try to accumulate knowledge from more experienced professionals or experts. The attitude “I know best for my business” in most cases simply, doesn’t work.

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Two ways to valuate and put a price tag to your Startup…

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Two ways to valuate and put a price tag to your Startup.

There is an everlasting struggle between creativity and innovation vs cold business and hard finance.

Putting a price tag to your product is a fundamental starting point in raising the necessary capital to set off your business venture.

However, we recognize it is a very difficult thing to put a value your startup. How do you make a safe estimate? Is there any easy straight forward way to do that? What do you need to consider to give a realistic IRR and NPV calculation to your potential investors? How do you estimate the discount rate that you need to apply?

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Small Fish, Big Sea – What are the chances startups survive in the current environment?

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Do you have what it takes as an individual to become the next “unicorn” entrepreneur? To follow on to the steps of Richard Branson, Steve Jobs and Elon Musk? Do you have a killer idea, an economic sense and the seed capital to start it up? What’s next? What is the story with all these entrepreneurs and small firm start-ups? Can you, a tiny little fish, survive in the deep sea?

If I had clear answers to all the questions above, I would have been a billionaire by now. But one thing I have learned in life is that things are not always black or white. Let’s elaborate a bit more….

Success in start-ups comes down to a number of factors. Of course, a solid business plan and a plausible idea are essential. But success also comes down to timings and perseverance. If at first you don’t succeed, try again.

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