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Entrepreneurship

  • Millenials lazy, uninspired? New studies find the opposite

    Being a millenial often means being associated with some negative terms: lazy, uninspired, reckless, and the most common of all, "lost".  Recent data suggests otherwise, especially when it comes to venturing into the risky world of startups. A survey, conducted by Buzz Marketing group, polled 1623 millenials and found that even though they have a great passion for starting their own businesses, there weren't many resources available. Even so, millenials continued to conquer their difficulties. According to the BNP Paribas Global entrepreneurs Report for 2016, millenials "stand out by creating an increased number of companies, both in the new economy and traditional sectors". The report added that they...

  • Here are the pros and cons to starting your own startup

    Movies depict a grand view of an entrepreneur, a view of a life that's filled with bright ideas and enthusiastic men and women. The dedication to their dream unrelenting and somewhat childlike in a sense that they show the world anything is possible. The true grit and sacrifice of an entrepreneur cannot really be summed up in an hour and forty minutes. Pertinent observations arose in a 2015 Barclays study on the psychology of entrepreneurs, conducted in partnership with The Psychometrics Centre at the University of Cambridge. "Does a certain 'type' of person become an entrepreneur, no matter what – or does the political...

  • Common mistakes entrepreneurs make during a pitch

    Author and life coach Tony Gaskins once said, "If you don't build your dream someone will hire you to help build theirs". This mantra undoubtedly echoes in the heads of all entrepreneurs. But is this motto all it takes to succeed? For the lucky few maybe, but for most, it's all about trial and error. Former Chief Executive of Public Trust and author Tim Sole addressed the issue of persistence in his book Make Success Your Friend, "Laziness is the habit of resting before you become tired and success is often found between tiredness and exhaustion. If you give up a...

  • Company identity and your startup: how to cultivate a winning culture

    Culture - it can make or break an otherwise viable business. It's that personality that drives performance, that special something that draws people to want to be part of an organisation. And yet culture is something that's often overlooked at the startup stage of a business. How many entrepreneurs have set out to create their own businesses precisely because they've found themselves stifled by a smothering corporate culture? It's an irony that many of today's most creative entrepreneurs don't give a thought to the culture they are cultivating in their own business. According to a Bain & Company Survey, 81% believe that...

  • To sell or not to sell? Things to consider when someone offers to buy your startup

    Serious entrepreneurs don't build a company with an aim to sell it. They build it to solve a problem. But a startup may struggle or run out of cash. Or maybe the founders will get tired, have a fallout, or get an extremely attractive buyout offer on the table. This exit offer can come from a customer, partner, rival, vendor, or even another big company. In those scenarios, exiting becomes the end goal for several entrepreneurs. But how does one navigate that curvy road? The panel on "Exits and M&As" at the Tech in Asia Bangalore 2016 conference saw Miten Sampat,...

  • Startups: the investment landscape, VCs demystified

    There has been significant growth and development in the South African entrepreneurship and venture capital ecosystem over the past five years as evidenced by numerous new investment funds and government initiatives as well as high-caliber incubators and accelerators emerging on the scene. All are committed to furthering the growth prospects of commercially viable entrepreneurial ventures in South Africa. Notwithstanding the challenges that still exist for entrepreneurs and SMEs, this is an exciting period for the industry and progress is being made to increase funding opportunities. In order for entrepreneurs to be best prepared for the investment journey, it is important...

  • Entrepreneurs, want to know how Apple co-founder Steve Jobs started out? [infographic]

    There's no doubt that Steve Jobs has built one of the most successful tech companies in the world. Even with the success of the iPod and MacBook, Apple wasn't a company without its own problems. In an infographic on Funders and Founders, created by Anna Vital, the story of Steve Jobs is detailed from early life, his meeting with Bill Gates, and starting Pixar. The Funders and Founders page also includes some quotes from Jobs, as well as some of his philosophies. Love or have the entrepreneur, you have to admire the things he's done. For those of you looking for more infographics...

  • 4 things to consider if you’re prepping your startup for acquisition

    If there's one big, open secret in the world of startups -- in India and around the world -- it surely is that not every founder will live to take their company down the IPO route. For every Facebook and Alibaba, there are thousands of others that either get bought out or, if unlucky, have to shut shop. However, as the industry matures, consolidation has become a much sought-after road to exit. But how does one build a company for an acquisition? Industry experts discussed the elusive road to exits today at Tech in Asia Bangalore 2016. Here are four tips...

  • Want to invest in Africa? Look at these two industries

    Falling oil prices have applied strong downward pressure on key African economies, and major regions of the continent are starting to feel the pinch. Nigeria's economy contracted by 0.36% in the first quarter of 2016, stoking fears that an oil-driven slowdown could push Africa's largest economy toward recession — and drag the continent's broader economic health down with it. Among policymakers, dialogue is increasingly shifting toward the need for rapid economic diversification. Their hope is that this shift will act as a means to generate sustainable, resilient growth and reduce the impact of external events. Only time will tell what effect...

  • Entrepreneurs: you should be playing these 6 video games

    It may be strange to think of gaming and entrepreneurship going hand-in-hand -- unless you own a video game startup -- but the two are a perfect match. They actually hold a lot more in common that meets the eye. Besides the benefits of teaching players patience, hand-eye-coordination, and being able to let off a bit of steam, video games can benefit entrepreneurs in a number of ways. Here are 6 videos games every entrepreneur should be playing: SimCity 2000 The SimCity franchise is not only a management and simulation title, but a no-brainier on this list. While I could have chosen from...