We have all seen businesses rise and fall. A prime example is pets.com. When business ventures fail, many analysts and business professionals try to dissect every aspect of those failed attempts to determine what went wrong and ultimately why failure was the end result. However, one important factor that can impact a business’ failure or success is TIMING. If you launch your start-up too early or too late it may result in poor reception by potential consumers. In other words, proper timing is a delicate balancing act that can make or break your business.
One of the biggest challenges start-ups face today is securing funding for their businesses. Although investors are constantly looking to finance promising start-ups, it is sometimes difficult to convince them to invest. However, entrepreneurs can take some proactive steps to increase the chance of securing funding for their business ventures. Some of the strategies are listed below.
As long as we live, problems will always arise, and once there are problems, we will seek solutions. Solution seeking presents some of the best business opportunities for entrepreneurs. Businesspersons can always find ways to improve on existing products and services; however, finding problems worth solving is a bit more challenging. According to Thomas Oppong of All Top Start-Ups, one of the first things aspiring business owners need to do is create a product that is a must have as opposed to a nice to have.
Some people spend their time trying to find a big idea to turn into business or jumping on the bandwagon of whatever is hot at the moment. However, instead of chasing ideas or following the status quo, they should focus on solving problems which generally is a much better direction to take. Admittedly, there isn’t a lack of business ideas in the world, but there is a lack of creative solutions to some of the most basic problems that we as consumers face. Consequently, we will take a look at some of the ways to identify the big problems worth solving when starting up your own business.
With innovation comes the need for funding and support. South Asia's brilliant entrepreneurs seek support of Angel Investors, and are ready to surprise any investor’s imagination.
Angel investing can help you become a part of this era of innovative growth.
Many believe angel investing can be a path fraught with risks. However, few remember that with greater risks comes a greater reward. Angel investing can, not only, lead you to grow your capital by making good use of it, but also make you a valuable contributor to society's welfare.