No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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5 things we won’t be able to live without in the next 10 years
Hey There! A great entrepreneur must always be on the lookout for emerging technologies and ideas that can benefit their business. By accessing this tech gear first, they can take advantage of their services and developing strategies around them. As the tech startup scene continues to grow, it’s important to envision the future and plan for the next 10 years. Whether a company is already well-established or looking to be the next groundbreaking organization in the tech field, the only way to guarantee success is to expand and improve on the work that has been done so far. Whatever your niche is, there are certain trends across the world that are growing in popularity and leveraging them is essential to scaling your business or startup. Contributed by Zacks
1. Wearable From fitness trackers to ‘smart fabrics’
wearable tech will not only be fashionable but extremely useful in our daily lives. New developments in super-materials will help us create wearables that are more heat-resistant, lightweight and flexible. Moreover, as we continue to miniaturize and compact more computing power into our smartwatches and health-trackers, we will be able to improve the quality and quantity of data that we collect.
2. Driverless cars
With Uber, Tesla, Apple and Google racing towards the ultimate self-driving car, this car technology will be available at large, faster than we think. As the technology behind self-driving cars advances and becomes more sophisticated and our need to make our streets safer and avoid accidents increases, driverless cars will no longer solely be a luxury, but a go-to choice for most people. Self-driving cars will not only reduce the amount of accidents and save up to “30,000 lives”, according to Google, but will also reduce the amount of pollution produced by cars, through their electric and efficient routing mechanisms.
3. Digital and crypto currencies
Paper currency will be a thing of the past sooner than later. From Amazon Go, to Apple Pay, to small convenience stores in Sweden, it’s pretty obvious that even if our shopping habits aren’t changing, how we shop definitely is. Besides such digital currencies, cryptocurrencies like Bitcoin will be important in the future. Virtual currencies remove the need for a third-party verifier and help de-fragment the global market by creating a global currency that is not regulated by any one particular entity. Transactions with bitcoin are instant while banks take days. If you are as excited as me about Bitcoin, you should buy now as the price (of this very volatile currency) could skyrocket as high a $500k-$1M per bitcoin.
4. VR/AR devices
Although for the largest audiences virtual and augmented realities are synonyms of gaming, the truth is that applications for this technologies are endless. Whilst some physicians and surgeons are introducing augmented reality into the OR for certain procedures and educational purposes, other industries are introducing virtual reality as a way of optimising costs and saving time. For example, architecture and interior design firms, such as Decorilla, use virtual reality to provide a 360º view of the proposal for a certain space before committing to a remodelling project. The ways these technologies can be leveraged for commercial and domestic use are almost infinite. Surely within the next 10 years most households will rely on some AR or VR device for basic, everyday situations.
5. Alternative domestic energy sources
Some countries are adopting them earlier than others but in order to preserve our planet’s health and the life in it, including our own, it’s important to start investing in new less harmful ways of extracting and seizing the planet’s resources. This includes finding alternative and cleaner ways to produce energy that powers up our homes, vehicles and devices. Solar panels and geothermal heat pumps, tidal energy and even atomic energy can go a long way when it comes to providing energy. In the near future, making these alternatives available for domestic use is going to be easier than ever. In the next 10 years, these innovative technologies will transcend and transform our lives in ways we are just starting to imagine possible. In order to thrive, startups should take into account these trends and work towards the goal of complementing and improving them to build long-lasting businesses.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Being a young entrepreneur is difficult, no matter where
you are from. But in Africa, the challenges are often far more emphasised.
Resources, financing, mentorship and supporting services are even scarcer. Yet
despite this, the continent’s youth unemployment is higher than elsewhere,
and for many young Africans, entrepreneurship is less of a choice, and more of
a requisite for survival.
year the Anzisha Prize, Africa’s premier award for entrepreneurs between the
ages of 15-22, identified a handful of young entrepreneurs who are
making it in Africa. Here are some of their tips for success. 1. The most important step is the first one
Nteff Alain is the winner of the 2014 Anzisha Prize and is the entrepreneur
behind GiftedMom, an e-content platform for pregnant women.
says having an idea is easy, but turning it into reality is a whole different
story. The wall of challenges an entrepreneur faces can quickly de-motivate
someone from following through on their vision. …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…