Back in the day, startups had little chance of competing with giant corporations. Without the proper resources, knowledge, and technology, the dream of taking over well-known businesses seemed impossible. However, as we move further into the digital era, emerging tools and technologies have begun leveling the playing field. And perhaps the most revolutionary of these is Artificial Intelligence (AI).
While starting a business as an entrepreneur, you must think about the company structure. Although I’m a fan of the Ltd company setup, one of the other most commonly used types is partnerships. You can have different types of partnerships based on your shareholding, liabilities etc. But you must think of some of these features of partnership before you decide this to be the future of your business structure.
Funding is one of the biggest constraints in running a business. In fact, lack of funds is the number one reason why most businesses fail. In this article, we talk about the power of crowdfunding to run a business. As the name explains, crowdfunding is about asking money from people to develop a business. It prevents you from going to specific investors and instead create an opportunity to put your idea out in the public domain.
Although these terms are used interchangeably, they have subtle differences. Entrepreneurship in general is used synonymously with innovation, minimum viable products and funding etc. Business on the other hand refers to a wider area including expansion of existing business, geographical expansion, etc.
We first make our habits and then: This article is a discussion of how habits shape us – whether we can change and create habits that benefit us the most? The most important point to remember is the consciousness that our habits are our own creation. In other words, we are in charge while creating these habits whether we recongise them or not. Sometimes these habits help us whereas they harm us some other times. Key question to ask is – how many of our habits are we really aware of?