Bitcoin and Business
Crowd funding has become a popular term lately as people get behind new opportunities that they think will not only survive but will do well. If you are considering becoming a crowd funder or even taking it to the next level and becoming a Business Angel, there are a few things you need to look out for and we are here to help.In the Trends section of the site we cover the following;
Management Team - This is a critical component for the success of any organization. Remember, no matter what world you operate in, only 1 in 7 small business ventures will survive and even fewer will grow to become success stories. Much of this is dependent on the people running operations. Business is more than just an idea, it is execution and if the team cannot execute, they will not survive.
Business Idea - Most people think that a business idea has to be unique to thrive in today's market and this is not true. Sure, there has to be a solid demand for a product, but what truly needs to be unique is the marketing behind the product or service. Without this, failure is eminent.
Business Strategy Plan & Execution - Ever heard the adage fail to plan, plan to fail? Guess what, it's true. A majority of failures come because a small business did not make a contingency for an event or set of events. Whether it was failing to plan for receivables time frames or, in our specialized case, conversion of currency to operate, there are specific points in a plan that need to be addressed. Although contingency cannot be made for every event, we help assess the critical 'gotchas' in most business cases which will help you make a better decision.