Copycat Businesses Can Be Great

Innovation is relative, originality overrated Innovation is one of the sexiest words in the business vocabulary. However, originality can be overrated, especially when it comes to the opportunity of bringing a proven business concept to a new market. The world is full of examples of copycat business models that were successfully replicated in new countries.... Continue Reading →

Greatest Entrepreneurs Adapt to Survive

Successful entrepreneurs welcome change There are tons of studies about the key traits that make up a successful entrepreneur. Some of the characteristics attributed to the greatest entrepreneurs are: vision, talent, perseverance, ability to innovate, leadership. However, from my observation, their single most important common characteristic is the ability to adapt. In a clear Darwinian fashion, those... Continue Reading →

Not All Angel Investors Are From Heaven

On Angel Investors As entrepreneurs, in the initial stages of the startup, we often think that the answers to our problems will come in the form of an angel investor. By definition, angels are high-net-worth individuals who get involved early in the company’s life, bringing capital, sector knowledge and network, and relevant expertise. Angel investors usually... Continue Reading →

Outsourcing With Care

Challenges of international outsourcing Many tech entrepreneurs face the question of whether to outsource software development to a foreign country. After all, there are good coders in countries like India, Russia and Argentina, while U.S. developers are quite pricey in comparison. But managing a team or project from afar can be quite challenging: communication often gets lost in... Continue Reading →

With Disruptive Innovation, Customer Is Not Always Right

Disruptive innovations and customer feedback A recent study by ChubbyBrain.com listed the top 20 reasons why startups fail. The #1 reason, ahead of funding, product quality, pricing and other popular ones, was "ignoring or not seeking customer feedback". However, there are two sides to this. If your company is launching a disruptive technology, or a... Continue Reading →

MBA For Entrepreneurs Can Still Matter

MBA and entrepreneurs At times it seems MBA programs are passed their glory days. Every so often we see articles saying that they can be a waste of time and money, especially if your goal is to become an entrepreneur. My two cents: if you have no business background and you can afford it, a... Continue Reading →

In Seed Capital Fundraising, You Gotta Choose Your Pizza

Seed capital and ownership A common mistake entrepreneurs make, especially in the startup's early stage, is to worry too much about valuation and dilution. The business, after all, is their "baby" and they can't give away too much too soon - every share is worth fighting for! Well, guess what, the business is almost as... Continue Reading →

Time to Start a Business – or Not

What to ask yourself before starting a company Before launching a startup, an entrepreneur must ask him or herself the following question: Can I support myself for the next 18-24 months? This is specially important if you're in your late twenties or early thirties. It doesn't matter where support comes from. It could be your... Continue Reading →

Entrepreneurship, Innovation and Prosperity

Entrepreneurship and economic development What is the common ground between the economic prosperity of the Netherlands in the XVII-XVIII centuries, nineteenth century England, twentieth century U.S. and, more recently, countries such as South Korea, Singapore and Israel? Although the question could be answered from different angles, fundamentally it can be inferred: in their own time,... Continue Reading →

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