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Introduction When sailing without a map, entrepreneurs find it similar to entering into the market without a well-thought-out plan. The Business plan is an individual’s roadmap, which helps an entrepreneur to make informed decisions while starting and running a business. It sets goals and objectives as well as predicted obstacles thus creating the path for … Read more
Introduction Entrepreneurship has always been the key driver of economic growth, innovation and job creation. But within the broad field of entrepreneurship lies a significant difference between social entrepreneurship and traditional business entrepreneurship. Even though they both seek to create value, their aims, motivations and methods are fundamentally different from one another. This article seeks … Read more
Definition of Innovation Understanding Innovation This is a process of creating something new, an idea, product or process, and it results in substantial improvements. It is usually linked to the concept of creativity itself and thinking outside the box to create new solutions adapted to new problems or with current needs. Types of Innovation Incremental … Read more
Understanding Startup Investing High Risk, High Reward Granted, investing in start-ups can be a lucrative strategy of investments, but it is indeed as high risk. Most startups flame out, and backers lose the entire investment. Before you invest, you need to have a firm understanding of and an even firmer acceptance of this risk-reward … Read more
Introduction to Innovations in Business Models Meaning of Business Model Innovation The process of transforming the way a company creates, delivers and captures value is referred to as business model innovation. It is about reconsidering or redesigning fundamental elements in any enterprise such as its value proposition, revenue streams and operations. Importance of innovating business … Read more
Introduction to High Net Worth Financial Planning Definition of High Net Worth (HNW) Usually, high net worth individuals (HNW) are regarded as those with liquid assets above a certain limit often at least one million dollars. This range may differ depending on the financial institution or advisory firm. The Importance of Specialized Financial Planning for … Read more