Posts Tagged business idea

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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Business Plans, ¿Just paper?

Business Plans, ¿Just paper?

Some centuries ago, when people wanted to start a business, they just had to have an idea and start to execute it, in other words going out and sell. Today it is very difficult to think in having an idea and go out and sell before a

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Selling a Business Idea to an Investor II – It’s time!

Selling a Business Idea to an Investor II – It’s time!

A couple weeks ago we started this series where we talk about suggestions to take into account when seeking financial aid from investors. In the first part we talked about the process of preparing yourself and your team for this process, mainly from a mental point of

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Successful entrepreneur’s traits (part 1)

Successful entrepreneur’s traits (part 1)

A lot of people decide that their path on life is being an entrepreneur. However many of this entrepreneurs fail, others become successful easily and others learn and try it again. But what makes different each of these entrepreneurs? Additional to luck and other environmental factors with

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How much money should you ask your investors for?

How much money should you ask your investors for?

When we have a business idea and we want it to become an actual business, we have to define many things in our business plan: Which is the product or service we are going to sell, the business model, the value chain, the market size, the operations

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The order affects the outcome: First traction then investment

The order affects the outcome: First traction then investment

Some days ago I was watching my news feed on Facebook when I saw a phrase from Juan Diego Calle, Founder and CEO of dotCo: “Worry more about getting traction for your business and less about raising money. If you get traction, you’ll raise money. It’s not

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Don’t let them convince you: Your Idea is not crazy

Don’t let them convince you: Your Idea is not crazy

Almost all my posts have been about different tools in the business world entrepreneurs may use in order to transform a business idea into a real business. However in this post I will talk about a different subject. Its theme is something that I guess all entrepreneurs

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Three reasons not to be afraid of talking about your business idea before it becomes a business Plan

Three reasons not to be afraid of talking about your business idea before it becomes a business Plan

A long time ago information was not an important asset of a business. This changed over time because the business learned that the ones that had information could take advantage of it. An example of this is Business Intelligence, where businessmen have taken advantage in order to

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Reasons to not fall blindly in love with your business idea

Reasons to not fall blindly in love with your business idea

In this time of the year when people celebrate Saint Valentine’s day, many are happy because they have found their soulmate. This special person according to their beloved has a lot of characteristics and qualities that make him or her unique. In other words they may say

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Elements for the success of sole proprietorship and Friendship/Familiar Societies

Elements for the success of sole proprietorship and Friendship/Familiar Societies

There are a lot of people that decide to work in an entrepreneurship but unfortunately not all of them can achieve success. I believe that the success of this kind of projects depend on many factors and one that is very important is the team that is

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