“Begin with the end in mind,” says Stephen Covey in his book, “The Seven Habits of Successful Living.” Those who have created a successful business know it does not happen without planning, hard work, and a little luck. Yet most have no exit plan for leaving their business. The truth is that most […]

With the initial steps of the product development and the patenting out of the way, the entrepreneur must now look at some business strategies to successfully execute his idea. No matter how great the product is, the strategy for implementation differentiates a great entrepreneur from a good one. Let me use an example to begin, […]

Now that you are done with the designing of the product, many ideas hover simultaneously over your mind and it’s high time to make a decision right up front. You need to make a decision whether you want to make a brand new company to commercialize your product or you want to make a product […]

As we walk along the journey of Entrepreneurship together, we have covered the first two steps that each and every Entrepreneur goes through – Ideating his product or service and the subsequent development of a Business Plan to give the venture a blueprint upon which to move forward. With that out of the way, the […]

What’s a business model? How does it relate to a business plan? Are they different or the same? Well, they are not the same but they are not two completely different things either. They dwell together or in other words they synchronize. A business model is like a destination; a business plan is how you’re going […]

For any aspiring entrepreneur, the first step towards reaching his ultimate goal is the ideation of either his product or his service. Some experts say that this might well be the most important and tough step in the entrepreneurial journey! – for it is the idea which can be the game-changer or the deal-breaker in […]