Use what you have to get what you want. It is one of the most powerful pieces of advice for each entrepreneur. It is much easier if we use what we have to get everything that we want. Sometimes we have always that we need to succeed in what we want. However, sometimes we don’t […]
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Business plan mistakes can be terrible for the small business owner. Sometimes some mistake, simply can’t be avoided, but it doesn’t mean that the same specific mistake must be repeated. But, sometimes there are mistakes that simply you don’t know you’re making. The same thing is about business plan mistakes. Probably, your biggest entrepreneurial mistake is
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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
What is the Difference Between Business Ideas and Business Opportunities? Read More »
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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This post provides an overview of the academic literature available in the area of entrepreneurial opportunity recognition. Firstly, the opinions and theories of some respectable members of the academia from this field are discussed and compared. Then some contemporary issues in entrepreneurial models’ design are elaborated upon with one specific scholarly study being given as
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