Learning fast

The prevalence of start-up shows and “best business” awards should provide all the guidance, and warnings, that any small business needs to know. But there may still be a gap between the clarity of any start-up business model and what investors or partners need to know. For many the vision is so obvious it’s sometimes hard to translate into clear business language, and some high tech business is so “out there” that it can be hard to get a meaningful snapshot of the potential. Over here in the UK we have Dragons’ Den , a show where small businesses pitch for capital from would-be investors. Albeit that its entertainment, it can be an education as business people do their pitch, some convincing, some successful, some very poor presentation even though their idea or product may have been sound. Continue reading

Learning from others

Many start-up’s face the issue of keeping momentum and growth going after dealing with the initial challenge of starting the company. That’s where you can learn from others – no matter that they may not be in the same market or doing the same thing – the business challenge they face will be the same.  A recent article on Springwise identifies some valuable tips. One lesson is to have a game-plan and retain a confident approach.  Aaron Priest, co-founder of Raygun says “Sometimes the best approach you can take in stormy weather is to stay the course. If you planned effectively and strategized properly, then you need to trust yourself. At times, we allowed ourselves to veer from our gameplan and it cost us in resources – both time and financial.” Continue reading