We want to take today's discussion into a current working context with the Narayana Murthy's quote "Love your job, but never fall in love with your company because you never know when the company stops loving you". The quote talks about different elements of your professional life, goals and value to a company. The big question revolves around commitment to a company or a value which promises to be an interesting context. Do join our discussion with your thoughts and comments below. We are very eager to hear from you.
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.
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.
Scalable startup entrepreneurship definition: In this article, we go through some key phrases such as - Scalable startup entrepreneurship definition, differences in growth vs scaling a business and the meaning of scaling a business. In this discussion, we assume familiarity with some common business terms and startup phrases. If you have any specific questions or comments, please let us know in the section below.
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.