Business ideas Archives

What is the Difference Between Business Ideas and Business Opportunities?

Business Ideas / By Dragan Sutevski, PhD

As one of the many reasons why startup businesses fail is often the confusion of an entrepreneur about two terms that are very important to them: business ideas and business opportunities. What is the difference between these two terms? Both terms are highly used in the business startup process by an entrepreneur. However, it is notable […]

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How to Test Business Ideas Using Null Hypothesis

Business Ideas / By Dragan Sutevski, PhD

You must test business ideas before they become your business opportunities and before you start transforming them into the real business. For you, the business ideas are something that you believe will work as a profitable business. When you include the customers needs into the specific idea it will become a possible business opportunity ready for the future startup.

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Mind Mapping with iThoughts Mind Map Software

Business Ideas / By Dragan Sutevski, PhD

Mind mapping is a very useful tool for entrepreneurs. It is the process of visualization of business ideas that will make them happen. I am using mindmaps to be more organized and to track all of my ideas and plans for things that I must do in the projects. Here I want to show you

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50 Action Steps to Help You Achieve Great Business Success

Business Startup / By Dragan Sutevski, PhD

Can you take certain action steps to make your business successful? There cannot be some template designed for simple action steps that will lead your company to success. However, on the other hand, there is not a magic wand that can make the success because business success will depend on you as an entrepreneur. If

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Why Focus on Positive Cash Flow in Your Business

Funding Options / By Dragan Sutevski, PhD

Cash is the king for all companies and entrepreneurs regardless of their market or industry. They must love it! They must have it! Without money, the existence of the company is in doubt. Without positive cash flow, you cannot grow your business. You cannot finance your daily business operations without positive cash flow in your

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10 Information Sources For Initial Market Analysis

Marketing / By Dragan Sutevski, PhD

A successful entrepreneur will always be able to choose the right products and/or services his company will offer to the customers on the market on which also exists competition. Probably someone before you have started a similar company and offered some type of products or services for the same persons on the market that you

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Business ideas

What is the Difference Between Business Ideas and Business Opportunities?

How to Test Business Ideas Using Null Hypothesis

Mind Mapping with iThoughts Mind Map Software

50 Action Steps to Help You Achieve Great Business Success

Why Focus on Positive Cash Flow in Your Business

10 Information Sources For Initial Market Analysis

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