You have been struck with a business idea which you believe is pure gold but is it? You know you have to test the idea but how? Especially if you have no cash. Here are three steps to testing your idea.
Starting a Business
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You can come up with a million ideas before breakfast but how do you know if they will stick? How do you know if the idea is worth pursuing? According to a book by Chip and Dan Heath, there are six principles to making an idea sticky. These principles make up the acronym “SUCCES”.
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Contrary to popular belief you don’t need mega funds to start a business. You can bootstrap your business and create a sustainable and profitable business. To bootstrap your business means to start with a limited budget and not get external funds for your business. The advantage of starting your business this way is that you […]
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As a business starting off, finding the perfect location is very important. Whether yours is a restaurant or a manufacturing company, where you locate your business plays a pivotal role in the chances of it succeeding. Location may not feature in the top five to-do list items of a new business, because seemingly more important […]
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A business model is designed to answer the questions “how does this business work?” It focuses on three sections of a company. Everything the company makes, everything the company does to sell the product or service, and everything the customer does to pay for the product or service. There are seven business models for small […]
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Are you starting a small business? Do you need funds? How are three steps to do to apply for funding.
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Whether you are starting out as an entrepreneur or a seasoned CEO, there are certain financial terms which are essential for you to know. They will not only help you in discussions with your financial advisor but they can benefit you when you speak to your colleagues, an investor or a potential client. Here are […]