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.
Scalable startup entrepreneurship characteristics: What defines entrepreneurship, small business and a scalable startup? The most impactful aspect of a startup is its ability to scale. In this article, we will talk about the characteristics of a scalable startup entrepreneurship. It helps us differentiate ourselves from small businesses and convince investors about the ability of your … Read more
In this article, we also talk about the meaning of entrepreneur, entrepreneurship and its purpose. In summary, the word entrepreneur is derived from a French word meaning to take a risk. These risks culminate in the creation of something beautiful – a business born out of an idea.
In this article, we discuss the four types of entrepreneurship and their differences. Most of these differences are in their priorities, purpose and vision. All entrepreneurs display a few characteristics which make them unique. The types of entrepreneurship help us differentiate between their approach to funding, profits and growth.
In this article, we talk about the various functions of entrepreneur in setting up and running a business. As you can imagine, the list of functions is innumerable, however, we can classify them under broad segments explored in this article.
It all starts with the right team. If you’ve led a team before, you already know that managing and leading a team is hard work. It is difficult even in a company where HR policies are established and good reward structures are in place. However, as a startup, you possess something magical that these companies and teams don’t.
Although the thought of money is exciting, I believe a startup is probably the least lucrative way of achieving this goal. There ought to be lots of better avenues to make money such as a job, freelancing, side hustle and even investments. These still give you better chance at making money than a startup where the risk of failure is immense.
Business plan for startup: No matter what stage your business is in, the business plan is one of the most important assets. Looking back at my startup fundraising days – I can recall the number of times investors asked us multiple questions on it. Considering that it is the best asset you have as an entrepreneur, … Read more
The most inspiring dream of a startup is to create a business capable of scaling. The stage where a business idea is beyond trying to figure out what sells for the customer and establishes a niche for itself. The initial stages of a startup are the most important ones because this has the highest probability … Read more
Entrepreneurial skills: In this article, we talk about key entrepreneurial skills required to create and manage a startup. As you already know, entrepreneurship has its own set of challenges and risks as opposed to an established business. In this article, we explore the key skills required to deal with the challenges of being an entrepreneur. Entrepreneurial … Read more