Lawyers defending the founder and former CEO of blood-testing company Theranos, Elizabeth Holmes, want you to know that she was just a bright-eyed, bushy-tailed young girl who tried and failed. She was trying to change the world—one drop of blood at a time.
One of the most important characteristics of a startup founder is agility. You need to adapt to the changing entrepreneurial landscape and make decisions on the fly. One of the most significant decisions founders have to make is whether it is time to transition out of their businesses.
Aspiring entrepreneurs love the American business reality show Shark Tank, where entrepreneurs pitch their ideas to sharks (aka investors with experience leading successful businesses) to seek investment. The show gives you insight into new companies that are entering the market (some even within your specific realm of interest), how they pitch their ideas and the kind of expectations one needs to enter the board room with.
What does it take to become a successful entrepreneur? Is it just a matter of working hard, following your passion and making money? No, it’s more than that. To start your own business, you need an innovative, unique and profitable business idea that excites you and solves an existing problem. But, taking a plunge into entrepreneurship with just your passion and an idea does not always lead to success.
Working in an office brings up a lot of challenges, from how to manage a work-life balance, making friends at the workplace to juggling all the different tasks you need to accomplish. Imagine not being even close to the finish line for one of your projects, and suddenly, you get a message from your boss who has just handed you another task.
No matter how thorough you are with your hiring process, you can still end up with employees that are just not the right fit for your company. Be it poor performance, an inability to be a team player or an unproductive attitude, there can be a lot of reasons why you might want to let an employee go.
Whether you are just starting your business or have been running a startup for years, finding the right corporate credit card is crucial for all. Having the right credit card can help set your business up for success by creating financial flexibility.
With Facebook changing its name to Meta Platforms Inc, or Meta for short, the concept of a rebranding has been garnering significant attention. Rebranding refers to the act of changing your brand’s image, either to freshen up how consumers think of your company or to completely cut ties with the past and create an entirely new look and feel.
Entrepreneurship is a tough journey, especially for women who have to go head-to-head with way more challenges. Despite a long history of adversity, women continue to leave a legacy of perseverance and tenacity. This isn’t something we say; it’s the numbers that speak. In the past two decades, the number of women entrepreneurs has risen by 114%. As of 2021, women account for 252 million of the world’s 582 million entrepreneurs.
In theory, sleeping less ought to be a blessing for those who have too much to do and too little time. You have more time to be productive and get things done. It would aid in long-term success, as they would be doing more than those who are fast asleep, right?
Even the best companies are not devoid of software glitches. In fact, recently, Elon Musk’s electric vehicle company Tesla had to recall nearly 12,000 cars due to a software glitch. While building a company without any technical glitch seems utopian, open source companies get close because they involve the efforts of not just their employees but also their user communities.
Launching a company is a major undertaking. You need to build a team, find clients and keep the business running smoothly. Above all, you need funds! But not all startups have unlimited budgets to do it. Most startups are bootstrapped, or self-funded.
Last year was a landmark one for the cryptocurrency industry, featuring the NFT boom and new token launches. Funding into crypto and non-fungible token (NFT) startups grew by over 700 percent last year. Investors have poured in about US$28 billion into global crypto and blockchain startups, with US$3 billion being dedicated to NFT companies alone.
Non-fungible tokens (NFTs) have experienced an explosion in popularity in the past year. Sales volumes for NFTs increased from US$94.9 million in 2020 to US$24.9 billion in 2021. Be it through purchases of Apes or Cryptopunks, people have been actively diving into the NFT trend.
Starting a business with your significant other can be an exciting and rewarding experience—kudos to you for taking this huge step! You have immense trust in each other and probably know the other person better than themselves, which makes it a perfect partnership to grow your own brand and build a dream life together.
We all get excited by the idea of starting our own company, despite knowing that there are a zillion challenges in the startup world. One such challenge is hiring. You need to find that perfect someone who matches the startup’s culture and has those much-desired skills that can take it further.
