Learn How To Be An Entrepreneur

Transforming an energy-related innovation into a venture is challenging. For starters, it’s difficult to account for highly diverse and heavily regulated energy markets, causing early-stage innovators to make false assumptions about their innovation, customers, and business plan. Even if innovators are aware of the challenges in energy entrepreneurship, navigating the complex web of policies, regulations, funding sources, and paths to market can be overwhelming. That’s why energy innovators need support that’s tailored to the unique hurdles they face. 8 Lessons for Aspiring Entrepreneurs in the Energy Sector Over the past decade, 45% of people who gained access to energy for the first time did so because of new social enterprises. More than 86 off-grid startups incorporated in the past 3 years, and for the first time, the number of unelectrified people fell under 1 billion. 1. Start with the problem, not the solution. it’s easy to assume that a great idea will be enough to...

" Do things that don't scale" is a saying by Paul Graham. But how do you know which uscalable things to do? “Scaleable” means you’re building your startup 3, 5 or 10 times as fast as someone who’s doing the same work, but manually.They call it economies of scale. We’ve seen how tech giants (along with scalable startups) are in the topmost profitable companies and it’s no wonder: technology in itself means scale. We’ve also seen this tendency to focus only on scale, to the point where startup founders dismiss some ideas, simply because they can’t be scalable from ground zero. Yet the catch is this: building a startup that can generate a billion dollar in revenue or more means that you come up with a scalable plan and do the unscalable work until it reaches that point. Like a snowball effect; you roll a snow from the ground up to some point where it gradually gets bigger.    But what if your startup fails? No market need’, ‘running out of cash’, ‘lac...

Associations typically move at a snail's pace. It comes from a good place. You want to make sure your programs deliver maximum value before they get off the ground. However, in the long run, it will waste your money over and over again. But it doesn't have to be that way. Some associations have started developing at the radical pace of a lean startup and you should too. “The Lean Startup” is a methodology founded by Eric Ries. It's a way to run your company to maximize growth and minimize waste. It favors repeated experimentation over a long-term business plan. This way, a startup (or an association) can't fail by falling down the rabbit hole of a bad idea. What is MVP?  An MVP, denoted from Minimum Viable Products, is one of the most important steps to build a great product. The main goal of shipping a Minimum Viable Product should always be “putting it in front of customers to start validating your assumptions”. As a team, you need to gather your strengths...

Within the main idea that the notion of social entrepreneurship advocates, it is the usage of innovations that are being considered sufficient enough to deal effectively with various social problems, such as for instance, to address poverty, to limit the access to healthcare systems, especially in the case of remoted or underserved areas, to provide solution plans in relation to youth unemployment, or even to reinforce the role of women in the modern societies by defending women’s rights, by maintaining women’s access to credits, etc. For the solution of similar to the aforementioned problems, social entrepreneurs proceed to the usage of various technological innovations. To be specific, we will substantiate this argument by providing a list of examples, deriving from ordinary cases and which indicate ways in which technological applications power social innovation. For instance, in the majority of the so-called third countries, both farmers and relative workers need to be ...

When you are fundraising, you need to get these meetings right. Of course, you know your business inside out. The real question is: are you certain you can give a compelling and engaging story about it? WHY RAISE MONEY? • to purchase equipment, rent of ces, and hire staff • most importantly to GROW FAST Sources of Funds: 1. F.F.F. — Family, friends, & fools 2. Private Investors — Angels & Venture Capitalists (VC) 3. Public Investors (thru IPO) — Stock Markets WHAT INVESTORS INVEST ON? 1. Traction — customer adoption 2. Big Market Size — market opportunity & product-market t 3. The TEAM — founder’s story and reputation INVESTOR PITCHING 1. Elevator Pitch — a one minute pitch you tell to an investor what your product is within a one minute elevator ride. 2. Short Form Pitch — a 3-10 minutes long pitch. 3. Long Form Pitch — a formal pitch that tells investors everything they need to know about your company (20 minutes long). Fundraising Guide:...

Helping entrepreneurs leverage the digital economy will have a positive knock-on effect on society. •To survive the ongoing crisis, the ability to leverage digital tools has become a must for entrepreneurs. •The pandemic has accelerated the process of digital transformation across almost all sectors. •Greater social mobility and shared value creation are among those factors that entrepreneurs can leverage using digital tools on the recovery path. The world has been perpetually experiencing pandemic, even on B.C era which was the earliest and first ever recorded time to experienced global disease outbreak. Seventeen years ago, the outbreak of SARS was spreading rapidly across China. The most popular destination for online shopping in the world’s fastest growing e-commerce market, Alibaba, with its workforce had gone into quarantine. Amidst the crisis, the dilemma made a transformative moment for the company. During the outbreak, Alibaba launched Taobao, its first consumer-fa...