That is why I share with you 5 steps that I have put into practice throughout my time as an entrepreneur; so that you too can bring your entrepreneurial idea to life :
Source: Entrepreneur
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PFAN has been a supporting partner to ACEF over the past 10 years, and this year, PFAN will be joining with the Sustainable Energy Association of Singapore (SEAS) to host a side event titled "i-Pitch@ACEF: Tech-Enabled Solutions with Data and Digitalization" on Monday, June 14, 2021 from 8:00 - 9:30 PM GMT +8 Manila Time.
i-Pitch is an investor pitching event where start-ups and SMEs are invited to pitch and network with investors in a ‘speed dating’ concept. Each start-up will have 5 minutes to give their best pitch followed by another 5 minutes of Q&A. i-Pitch@ACEF will showcase 6 projects from Asia competing to get the attention of investors and the audience. The projects will be from Bangladesh, India, Singapore, and Vietnam, and in their business models, they use and apply tech-enabled data analysis and digitalization to solve clean energy challenges. 1. Abivin 2. SEE-Tech Solutions Pvt. Ltd. 3. SunMoksha Power Pvt. Ltd. 4. Resync Technologies Pte. Ltd. 5. Genesis Ray Energy 6. Qi Square Pte Ltd Please click on the registration link below to join us. If you need any assistance with registration, please contact Nancy Nguyen, PFAN Network Manager, [email protected].
Diffusion theory is the area of academic research that investigates how innovations spread among organisations. Our recent review paper in Academy of Management Annals combs through 20 years of diffusion research to arrive at conclusions that may change – or at least complicate – what you think you know about the innovation copycat effect and what it means for competitiveness.
Entrepreneurship is about treading new ground. It is about taking a step no one has taken before, at least not in that same way or in the same place. So it should not be surprising that much of the scholarly literature on entrepreneurship, since Richard Cantillon in the early 1700s, has focused on entrepreneurship as uncertainty-bearing.
Although “bearing uncertainty” might be what entrepreneurs do in the economy from a theorist’s point of view, it is not — and should not be — the rationale for starting a business. After all, uncertainty means the outcome is unknown, which, in turn, means it could end up ugly. In other words, uncertainty is a cost — it is a burden on the entrepreneur’s shoulders. Entrepreneurs are right to attempt to avoid the uncertainty. The fact is that theorists have it both right and wrong. Yes, entrepreneurs bear uncertainty because they are the ones getting the reward as profit and also the ones suffering the loss if things do not work out. But that uncertainty-bearing characterizes entrepreneurship does not make it the point of being an entrepreneur. Rather, it is a “necessary evil.”
better outcomes. Understanding this ‘dark side’ of intrapreneurship can also help us to better prepare intrapreneurs for the journey ahead and allow them to get into the right mindset.
Recent research I conducted with intrapreneurs from large corporate organisations showed that there is a dark side to intrapreneurship — moments where mental health can be on the line. The good news is that, once identified, these impacts can be mitigated by addressing three tensions at the heart of being an intrapreneur when constructing your intrapreneurship programme. These are autonomy vs control, emotional investment vs the desire for meaningful work and intrapreneurs vs the ‘corporate immune system’.
Many people use guest authorship as a platform to build their reputation, network with other people, or increase visibility for their businesses. But did you know that guest authorship can also make you a better entrepreneur all around? Here’s how.
2. Prepare for financial challenges
Most of the 600+ small businesses we interviewed in the start-up survey said that cash flow was by far their biggest challenge. Deal with cash flow blows by saving for a month’s worth of expenses or by getting creative with how you lower your overheads. You could offer clients a discount if they pay a deposit or the full amount upfront, or even an incentive – e.g. pay 10% less if you deliver your product or service a week earlier. Whatever you do, be extremely careful of debt – this is one of the biggest killers of small business success.
Soft skills are the unsung heroes, though, and LinkedIn’s top five were creativity, persuasion, collaboration, adaptability, and emotional intelligence. In giving lectures to executives on soft skills, I like to include three others — time management, storytelling, and cultural awareness.
Understanding each skill and how to amplify them will give you an edge over your competition.
Whichever business entity you choose, you will want to set up a business bank account, which can help your new enterprise succeed. Here are four ways that a business checking account can help prepare your business for future growth.
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