Are you ready to start up a business?
Starting a business from scratch can be a daunting and challenging experience. It can also be an extremely rewarding way of life, where you get to choose your path and the results you are looking for.
So, how do you know you’re ready to start a business?
Can your business survive a recession?
Unless you have living on another planet, you might be aware that many economies around the world are verging on recession.
Deglobalisation, wars, and the general decline due to the pandemic have plunged the world into uncertainty.
How can you as an entrepreneur survive a downturn?
How key is a competitive strategy for startups?
In order to succeed, startups need a competitive strategy. Not just to build on sales and growth, but also to be worthy adversaries in the business arena.
How can you develop a competitive strategy and set yourself apart? As a startup, your idea or product does not need to be unique but to establish a place in a competitive market.
The “S” Word
Success is largely a value judgement, an opinion – so how does it fare within a business?
Desire, hard work and perseverance are huge factors in driving towards success, but for businesses in general, it also takes a lot of skill to ensure that they continue to stay solvent, but more importantly, it takes a lot of resilience.