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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.
This discussion is around Dhirubhai Ambani’s quote “Ideas are no one’s monopoly, Think Big, Think Fast and Think Ahead”. The beauty of this quote is in challenging a concept of ideas winning the world. It tackles the notions of talent vs hard work, action vs words and more of these misconceptions which stand in the way of your success. Join our discussion with your comments and thoughts below.
There are more advisors for entrepreneurs than founders! This probably tells you something about the business of entrepreneurship and advice-giving. However, if a new entrepreneur was to come to me for advice, I’d ask them to make sure they’ve thought well before taking the plunge. Entrepreneurship is hard work and will demand more mental energy. … Read more
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