It is hard to run a startup without money. In this article, we talk about the types of funding opportunities available for startups. As we know, the number 1 reason why startups fails is lack of money. In this discussion, we highlight the various options you have as an entrepreneur to fund your startup. Apart from this, we also talk about the various stages of funding in the startup phase depending on the stage of your growth.
In this article, we will talk about the meaning and definition of a business model canvas. We will also talk about its need for an entreprenuer, tools to build a lean model canvas and main parts of it. While explaining these, we will discuss about why this is important for your startup idea. The main questions we will answer in this article are:
Differences between Entrepreneur and Entrepreneurship: These terms are used interchangeably and possibly for the right reasons. I find it hard to differentiate between the two because they are closely interlinked. However, these terms are used differently. Entrepreneur is person-centric whereas entrepreneurship is business-centric.
Difference between entrepreneur and intrapreneur: They both sound similar but are fundamentally different considering the environment they work in. We all know that both entrepreneurs and intrapreneurs take risks. They both risk putting their idea in front, investing time and energy to create something new.
Fabian Entrepreneurs are founders or business owners who are cautious and skeptical of change and innovation. This sounds counterintuitive to entrepreneurship because startups and new businesses are characterised by creativity and change. However, once a business identifies its sources of revenue, change is not easy. Any change comes at a cost and Fabian Entrepreneurs are afraid that these changes might cost them revenue or loss of market share.
What a fun question! If I said entrepreneurs are made, it would be easy. There’s no further discussion right – it becomes a talent of a select few people and others don’t have a chance at it. Entrepreneurship however is similar to a job, a tough job nevertheless and some things will make it easy. … Read more
Seed Round of fundraising: This is one of the most important rounds for an early-stage startup. In essence, this round defines whether an idea kicks off the ground at all. So many great ideas fail because they don’t get the traction or funds to test their business plan. As an early-stage entrepreneur, the focus is … Read more
Startups are hard work and more challenging when you have to invest your savings to make it work. Although investors like the idea of a founder investing their own money, I find the question of how to build a startup with no money more intriguing.
It takes us back to the principles of bootstrapping and lean principles of starting with minimal resources or wastage. In this article, we will focus our thoughts on building a startup with zero investment, strategies and a few examples of types of startups with no money.
Embarrassed by your first version: This article is all about developing minimum viable products, gathering customer feedback and continually improving while keeping wastage minimal. One of the most important tenets of the agile process is to keep iterating as often as possible. If you’re waiting for perfection, then you’ll delay time for feedback, eventually costing … Read more
What is the primary goal of a pitch deck in the startup world?: I’ve often asked this question. Sometimes the pitchdeck feels like a fancy marketing pitch and you have to impress these investors to win them over. As shallow as it feels, I think a pitchdeck is one of the most important things in the early stages of a startup.