Posts Tagged Risk

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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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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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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Venture Capital Firms making their way into Latin America

Venture Capital Firms making their way into Latin America

Some 10 years ago, maybe a little bit more, I was trying to make my first large entrepreneurship a reality. At that time we analyzed with my business partners, different mechanism to finance the project. Among the options we analyzed, we included a bank loan, government funding,

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Steps for Becoming an Entrepreneur 7: Act, Risk and Modify

For this penultimate article of this series, where I share some of the most important steps for becoming an entrepreneur, I introduce 3 elements. These elements are complementary and should be taken seriously by everyone. You will probably see how these elements are closely related, not only

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Understanding the Entrepreneur’s wage

Understanding the Entrepreneur’s wage

When we decide to start a new business one of our greatest worries is obtaining the capital we need for the company. This is why we are going to have to search for different funding sources such as money from banks, venture capital, money from friends and

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The risk of not taking the first step

The risk of not taking the first step

When entrepreneurs are beginning a business, they have one million reasons to do so. These reasons range from a challenge to a new financial opportunity. However, there are also 10 million reasons not to start a new venture. It’s very easy to find these negative reasons and

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Successful entrepreneur’s traits (part 2)

Successful entrepreneur’s traits (part 2)

This post is the second part of a number of articles that will describe the traits an entrepreneur must have in order to be successful in this obstacle course according to my point of view. In the first part I wrote about two vital traits: being perseverant

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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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