Sourcing for capital is never an easy task for newly founded businesses. Because of this reason, some startups choose to bootstrap during their first year. While bootstrapping helps run the businesses, is it really effective? Are you qualified to do so? What are the drawbacks and benefits? And what can you do when your savings
Starting a business can be exciting and uniquely challenging. Even so, the meteoric success of a startup-found business, such as Facebook, Uber, PayPal, and Airbnb have inspired many entrepreneurial-minded professionals to follow their passion. While life at an up-and-coming venture might seem endlessly exhilarating, it does not come without its share of risks. About 50
Many businesses have been forced to go digital due to the COVID-19 pandemic. Despite the endless possibilities that digital adoption can bring about to businesses, many still continue to take short-term advances by limiting themselves to only using online channels to drive promotions and sales. In short, how else can businesses take advantage of digitalisation?
Startups typically operate in an “all hands on deck” kind of environment where an employee might hold a few different roles at the same time. Having multiple responsibilities is not a piece of cake, especially when you’re rushed in a tight deadline. Knowing all these consequences, accepting a startup job offer would require thorough consideration.
Pros and cons of working at big companies Many believe that working at well-established companies will guarantee financial security and flashy perks. Corporate environments are also popular for their clear career development and leadership styles, thus allowing better access to professional networking. Unlike working at green companies like startups, bigger organisations can provide a sense
Gartner predicted that by 2020, all new entrants and 80 percent of historical vendors were offering subscription-based business models, regardless of where the software resides. Subscription business models are attractive to companies for obvious reasons. One of the biggest reasons is it provides for annuity-like revenue streams that are highly predictable. With predictable revenue, companies
The number one goal for businesses, in general, is to generate profits. When a business fails to earn profit, then it is a failing business. Interestingly, at some startups, making money is not a priority. In fact, many startups get acquired or go public even after years of not having ever made a profit. While
There is a large hype about Virtual Reality (VR) technology in the past few years, and for the next few years we will see how the hype in VR technology develops. VR or not to VR travelling Italy4Real surveyed 1,000 people to look into the traveller’s perspective on VR technology. The survey revealed that 81
Thomas Edison had failed 1,000 times in getting light bulbs to work. If only Edison gave up early, he might never find that one light bulb which lights up. The story behind Edison’s invention of the light bulb has taught us an important message: “If only you stop at failure, failure becomes your destination.” Either
Are you team Nam Do-San or team Han Ji-Pyeong? If you are active on social media, you might have noticed that many people recently are talking about a particular Korean drama: Start-Up. Telling the story of a group of young people’s struggle in establishing a tech startup, this drama captivates many viewers because of its compelling storyline. What’s