Tag Archives: tips

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Top tips on how to secure funding for your startup

Angel investors and venture capitalists look for potential of development and profitability when they choose the startups which deserve their investments. Here you can find some useful tips and key points to follow in order to secure your startup funding, to win the trust of the investors and receive the funding that your startup really deserves.

Know your value. You are highly motivated entrepreneur with clear vision and strong ideas. To present yourself in a memorable manner in front of the investors you need to unveil not just your personal qualities but also to rely on numbers, statistics, plans and strong business vision. Investors invest in order to gain profit and if you don’t know what the value of your business is, you are most likely to be rejected and forgotten.

Execution is everything. Prepare yourself to clearly present the execution path of your idea. Be ready to explain every single stage of the process. No idea is turning into successful, profitable business if it cannot be executed in the right way.

Create your perfect business plan. It is hard work and requires a lot of time, but this is your winning ticket. Without great business plan and perfect execution presentations you are most likely to lose the attention of the investors. When we talk about money, predictions are not enough. Winning funding is serious business and you have to approach it with professionalism no matter what your niche is and in which stage your startup is.

Team work. Investors invest in teams, in people that they believe in. You, as a leader, must prove that the people you work with are the right ones, that they can be trusted, that they can deliver and that they can give all it takes to turn your startup into profitable business.

Know your audience. Different investors have distinct investment style and are in search for various things. Before you prepare your startup presentation, you must know who you are presenting for. Do some research on their previous investment and be prepared to deliver something that they will want to see.

Listen. Conversation is not simple exchange of verbalized words. It is more like a process of listening than of talking. You must know what you are saying and in order to do so you must be able to decide what exactly you were supposed to say. Often the answer is within the question and investors like people who perfectly understand their needs and concerns. Read between the lines, listen more and concentrate on the quantity and the quality of your speech.

Deliver. Winning funding is not the hardest part of your startup venture. The most important part starts after the funding, after you have the ability to work in full force. This is the moment things get real and you have to be prepared for it. Nobody wants to win bad reputation by showing inability to fulfil the promised and to leave the work unfinished. The key to winning funding is the potential to use the investment properly.

 

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10 things to know before you launch your startup

Entrepreneurship is a path of constant learning and many startup founders learn the hard way that their expectations have almost nothing to do with the reality.You may think that you are absolutely prepared to launch your startup, but the truth is that you are not. First time entrepreneurs may know a lot, but the true teacher of business is the experience. Here you can find 10 of the most important things that entrepreneurs must know before they launch their first startup.

Execution is everything. No matter how great your idea is if you don’t have clear vision of the way it will be executed, you are most likely to fail at building successful startup.

Build your audience before your product. To create something great you need to know that there are people who need this product. Know your audience and create for them.

Finding good employees is hard… Venture capitalists invest not only in ideas, but in teams as well. In order to create strong company you need to hire skilled people and finding professionals is really, really hard.

…so don’t be afraid to hire people who are better than you. Don’t compromise with your hiring because you are afraid that somebody else will take your place as a leader. You should be happy if you can find better people for your team and try to keep them as long as you can.

Raising money is not easy and don’t happen overnight. You will hear “No!” more than you can actually imagine.

Details are really important and you will learn to pay the right amount of attention to them. You will learn to look at the big picture but never to forget the small parts of it.

Your understanding of success will change… many times. So will your perception of failure. Success comes after many failures and you need to be prepared for both of them. Failure is hard, but success is not easy either.

Stress will be unbearable. You expect that, but nobody is ever ready when it comes to working under so much pressure.

And your personal life may suffer. The clear line between your personal and professional life will get so blurry. Your time will be never enough and there will be always something that needs to be done.

You will think about quitting many times, but you will never actually do it. Natural born entrepreneurs never stop following their passion, no matter what happens and how rocky the way gets.

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Five Essential Networking Tips to Follow

We have talked about the importance of business networking in entrepreneurship and how successful business connections can help your startup’s growth. The attending of networking events and meeting with other entrepreneurs, mentors, speakers, investors and venture capitalists are essential elements for the creation of strong support system for your startup.

There are many ways to improve your networking skills and here will we emphasize on the five ultimate tips to follow, which will help you become better networker. Learn how to be memorable at every speed networking event here.

Always look for somebody new

It is normal to see familiar crowd on most of the events, especially at the local ones. In order to expand your social network you need to try to connect with the people you haven’t met before. Even though it is important to keep the connection alive with the people you already know, you need to focus on meeting new people. Always look for somebody new among the attendees and never miss the chance to introduce yourself.

Make a list

Create a list of people whom you would like to meet. This list will carry your ultimate networking goal set and we all know how important goals are. It is business and the connections are important. Having a list with the top people you would like to meet is a great way to follow your networking connections and expand your network by including the right people.

Always follow up

Every time after a networking event spend some time to follow up with an e-mail or a phone call to remind the people you’ve met of your meeting. It is very successful approach to become memorable for the others. Always, always follow up!

Be prepared

Networking events are great way to meet different people. Entrepreneurs should be prepared to present their businesses in the right matter in front of different audience and in different amount of time. You should be prepared with the right speech for any occasion – when you have just two minutes to grab someone’s attention or when you have been unexpectedly invited for a coffee with potential investor –you must be ready and prepared to present your startup.

Listen

Listening is among the most essential skills for entrepreneurs and it wouldn’t make it to the top of the list if it was not really important. Listen what the others have to say in order to improve your communicational skills and really to understand and connect with the person in front of you. By listening to the others, you will have the chance to spot many opportunities. Every person enjoys having a conversation with a good listener and it is a golden opportunity to establish solid connection with the people you are networking with by proving them that you really do care and appreciate what they have to say.

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5 Tips: How to Make Your Presentation Slides Awesome

Giving presentations is an essential and very important part of the work process of every entrepreneur. You will give presentations in front of potential investors as part of your pitch to them, you will give presentations in front of your team members, co-founders and business partners, even, in some cases, in front of clients. It is important to know how to create and give killer presentations in order to win and keep the attention of your audience. Here you will find five tips that will help you to make awesome slides for your next killer presentation. 

Message and Idea

Before you even start planning the content and the visual appearance of your slides, make sure that you have clear idea about the message that you want to send to your audience. Answer this question: What do you want to achieve with your presentation? This will save you precious time and will be the guideline you need to follow when doing the rest steps of your creative process.

Structure

Your presentation must be structured very logically and your slides should be consistent and successive. Organize your main points into a logical sequence and follow this sequence in order to avoid confusion and misunderstanding.

Cohesion

Your slides must look like a part of one whole, one complete flow of ideas and information, but still to keep their uniqueness and specific effect.

Connection

The slides you create must be relevant to what you are saying during your presentation. The pictures you include in your slides must underline the given information. You are including the photos to visually support the information, so keep them relevant to your text.

The text

Format properly the text in your slides: choose eye-friendly font, proper size and color of the text. Avoid adding so much text, especially if it matches what you are saying. Use easy to remember keywords, which carry the same meaning.

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Become better negotiator: Five essential tips to follow

Negotiation has big impact on our personal and professional lives. We negotiate on everyday basis and the outcomes of these very important dialogs can be essential for the success of every business. Successful negotiation can be the key to the growth of your startup and entrepreneurs must learn how to master the art of effective negotiation. Within a startup, negotiation skills are required and entrepreneurs must be aware of the importance of improving their personal negotiation skills and the negotiation skills of their team and employees.   Continue reading

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Time management tips for entrepreneurs

Every day has the same length but for some people time is never enough and others always manage to complete more than it seems possible. How exactly does it happen? As time is one of the most valuable assets we have, entrepreneurs often feel the pressure from the lack of it. Before you start reading books or taking lectures on time management, you need to realize that time in general differs from your own time in particular.

Why do you fail in your time management? We all have 24 hours per day and it is up to us how we use them. Time management is a skill that you need to develop particularly and personally according to your lifestyle and work essence.

Now we know that there is no specific recipe to follow, because business is not a piece of pie, but there are certain things that you can do to help you become the master of your own time.

Value your time

Before you handle something, you must know how valuable it is for you and how the poor management of it can affect your work performance. It is said that “Time is money” and we can easily see how this two elements of the business purpose mix together. Value your time and respect it. This will help you manage it better.

Plan

Never miss the opportunity to schedule your days and organize your tasks. Spend some time every day to plan what you have to do. Here you can put your personal preferences – write down your schedule whenever you like to – in the end of the day or in the morning, in the middle of the day or on weekends… It is up to you, as soon as you have everything in clear order, you are all set to go and save some time deciding what to start next.

Start with what is important

Decide what cannot wait and start with doing it as soon as you get to work. Again, it is very personal experience and it has to be devoted specifically to your business. It is very important to stay true to your personal style. Some of you can start with the e-mails if this is what really cannot wait, others can focus on working on the big project from the morning and leave the meetings for the afternoon.

Eliminate distractions

As part of your daily schedule you need to organize your time according to your duties. Try to eliminate everything that doesn’t require specific attention and leave it for the after work hours. Unnecessarily distractions are one of the biggest reasons for poor time management.

Spend time between tasks

Rushing creates the feeling of desperation when it comes to time management. This is why you have to be very careful how you switch between tasks. The overwhelming feeling of endless busyness is one of the reasons why you fail to manage your time in the right way. Give yourself time between tasks and you will have the opportunity to focus on the next task without feeling pressure.

Put realistic deadlines

Deadlines are the most common reasons to feel the pressure of time and when the right overview of the whole tasks is calculated wrong the inability to complete the planned work on time can lead you to desperation. Before you set yourself the deadlines, make sure that you are able to complete the work on time. Overall, avoid compromising the quality over time and the opposite – do not compromise the time over the quality. Find the balance in the golden middle.

Avoid procrastination

One of the biggest problems when it comes to time management for entrepreneurs is procrastination. It is one very sensitive matter that needs special attention and here you can find more about how you can eliminate it.

Create routines

Routines are great way to manage your time. They might be a little more difficult to create but definitely will pay off with great results. Find the model of time management which completely suits your business and daily schedule and work on creating the habits to follow this model.

Work out

Connect your body and mind to improve your work performance. Find some time for physical activity which will help you to recharge so you can insure more productive performance. Include half an hour per day for training and you will have clearer mind to organize your work tasks according to your time limits.

Do not panic when time is limited

Time mismanagement is the cause of a lot of pressure which can affect your work performance. When time is limited you need to be more focused, not the opposite. Do not get stuck in the loop of negative emotions and try to calm down. Once you reach your inner balance again it will be easier to find the solution for your problem and to use your shortened time as productive as possible.

Seek help when it is needed

Be ready to ask for help when you feel the time pressure. Rely on your team and do not hesitate to ask for help. Be careful not to destroy someone else’s time schedule so you can fulfil yours. It is team work and you have to respect the time of others too.

Rely on technology

Use the tools and apps which will help you manage your time in a better way. Organizing your schedule has never been easier and you are able to use the tech advantages of our millennium to improve your work performance.