Extract . . . In a famous experiment, researchers ran a lottery with a twist. Half the participants were randomly assigned a lottery number. The remaining half were given a blank piece of paper and a pen and asked to write down any number they would like as their lottery number. Just before drawing the [...]
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Extract . . . Dotti Irving, Cilla Snowball and Peninah Thomson share their experiences of climbing to the top in business, on the eve the government announces a new women mentoring programme. Read more here: http://bit.ly/sUdJ5a
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Business Plan – useful, but it’s not the silver bullet! The Gobetween Ltd system does not require you to upload a business plan. The potential investors are initially looking for attributes and characteristics that rarely are thought of, let alone volunteered in conventional business plans. However at some point, usually after the first or second [...]
Continue reading about 7 tips to consider BEFORE starting a new business – by Howard Popeck (7/7)
Introduction Formerly this site provided valuable (invaluable according to some!) information, guidance, mentoring and more to both entrepreneurs and potential entrepreneurs. That’ll remain. It’s why we’re here. However it’s time to add to that strong foundation by offering best-practice specialist guidance on what to do AFTER you’ve received inwards investment. Naturally – because this is [...]
What don’t you know about the marketplace? Think about it! Then bear in mind that possibly, moving towards probably the potential investor will know as much if not more about your marketplace than you do. Do the very best you can AND be fully prepared to explain your justifications behind your conclusions and how you [...]
Continue reading about 7 tips to consider BEFORE starting a new business – by Howard Popeck (6/7)
So what about the competition? Increasingly, people like me want to know where your opportunity is situated in relation to its direct competitors. Sooner or later you are going to be asked this. You must be prepared. Never be fearful of competition but never underestimate it either. Here are they key points: Thoroughly research you [...]
Continue reading about 7 tips to consider BEFORE starting a new business – by Howard Popeck (5/7)
How long is the money going to last? Inevitably entrepreneurs feel they have an unbeatable idea. Thus they believe they are offering an irresistible opportunity to a potential investor. There’s nothing wrong with confidence. Nothing at all – unless that confidence crosses the border into reckless optimism. It’s not unusual for entrepreneurs to woefully underestimate [...]
Continue reading about 7 tips to consider BEFORE starting a new business – by Howard Popeck (4/7)
Yes, you’re skilled. But do you have all of the necessary skills? The truth is that’s it’s a tough challenge to be utterly accurate about one’s weakness and strengths. The traditional approach is to ask family and friends. That’s not my advice though. How can you be certain about their candour or their motivations? They [...]
Continue reading about 7 tips to consider BEFORE starting a new business – by Howard Popeck (3/7)
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