Archive for the Risks Category

Traveling in search of Venture Capital for our Business

Traveling in search of Venture Capital for our Business

At the beginning of the decade of 2000 I created my first major business with several friends from my university. We had a large business idea (at least thought that) and we required a large economic investment. Back then it was too hard to find venture capital

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What to do when people say that my business idea will not work?

What to do when people say that my business idea will not work?

I begin this article by going to the past, maybe some 13 o 14 years ago, when I was a student at my university. Back then I had an innovative business idea that I wanted to pursue and make a reality. I had gathered several of my

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Advantages and Disadvantages of being the first to enter a Market

Advantages and Disadvantages of being the first to enter a Market

One of the biggest dilemmas both entrepreneurs and innovators face, is to be the first ones to enter a new market. In fact, it’s quite common to see entrepreneurs guard their business idea as the best-kept secret in the world as they fear someone will copy their

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Importance of risk management in companies

Importance of risk management in companies

Today with the different options we have with technology the subject of security has become more important for companies. Technology opens many doors but also opens windows where internal and external intruders can enter and perform wrongful acts that can be costly and harmful. This is the

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Pros and Cons of Being Independent

Pros and Cons of Being Independent

I’ve been an independent worker for the last 5 years, and this is the second stint in my life I do this. I love being an independent and I’ve been offered several well-paid jobs during this time and I’ve always rejected them. I’ve come to the conclusion

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Good Account Keeping as the Basis for any Successful Organization

Good Account Keeping as the Basis for any Successful Organization

In Colombia, my home country, there is a colloquial phrase that I’ve heard elderly people say. I can translate the phrase as follows: I like my “accounts clear and my chocolate thick”. The first part of this sentence talks about good account keeping and the other one

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Constantly innovating to achieve success

Constantly innovating to achieve success

Depending on the degree of innovation of companies, I’ve come to the conclusion that you can divide them in three main groups. The first group is reserved for those companies that never apply innovation to their business. These companies might have been innovative when they started, but

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The conundrum of every entrepreneur: Facing New Competitors

The conundrum of every entrepreneur: Facing New Competitors

I’ve been an entrepreneur for more than 18 years and during this time I’ve had the opportunity to speak with many young entrepreneurs as well as established businessman. Many years ago I came to the conclusion that most entrepreneurs are afraid of competition. This fear usually begins

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Launch of the Mailing List Aceleración.com

Launch of the Mailing List Aceleración.com

A couple weeks ago I told my readers some of the new project we have at An Entrepreneur Blog and Inversiones Gómez Montes S.A.S. for the year 2015. One of the news I announced that day, is that we were going to launch a new mailing list,

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The problem with abandoned strategies and tactics

The problem with abandoned strategies and tactics

One of the biggest challenges entrepreneurs face is starting their new business because in most cases they have to start with little financial resources. Excluding entrepreneurs who have their own money to invest, it is very difficult to find a case in which a project has received

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