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Startup and Entrepreneurship

Challenges Faced by Entrepreneurs with New Product Ideas

You have that Eureka moment when you realise your new product idea has the power to change the world. However, only few of us are able to successfully execute them and that makes all the difference. Ideas are useless – it’s the execution in translating the idea into a product/service that defines if a business is successful. Here are 5...

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Startup and Entrepreneurship

ENTREPRENEURIAL TIP #1: CLARIFYING YOUR PRODUCT’S VALUE

It’s surprisingly common that startups don’t carry out enough research to back up the hypothesis around their idea. At times, they completely misunderstand the value proposition on which they build their product. In simple terms, they try to solve a problem which doesn’t exist or can easily be solved with alternative solutions. ...

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Startup and Entrepreneurship

ENTREPRENEURIAL TIP #5: IT’S NOT A ONE MAN SHOW

5. Founders often start with a great idea and think they have everything to make it a success. However, there’s only so much one can do and they need different skills to deal with different aspects of the business. At times, all a founder brings to the table is just the idea and possibly some passion. However, ideas are worthless and passion can wither away with...