Posts Tagged ‘ business creation

Communicating Your Business Idea (1) – The Business Plan

The business plan has been treated in an endless number of publications. So why do I? Because I believe there is a lack of focus in a lot of what is written about business plans. The important things are often lost in the details. In fact, a business plan can be very brief.

I have seen compelling business plans in the form of a few PowerPoint slides, a couple of scribbled pages, and a brief video. What matters is having all the required ingredients (or a road map for getting them), not the exact form of communication. William A. Sahlman [1]

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Foreign Professional? Looking for a job?

I have had the pleasure of getting to know several foreigners living in Tromsø (Norway). Many are couples where one is either working or studying, while the other is trying to find a job, preferably an interesting one. It is surprising how many people have a hard time finding something relevant to do, even though they have excellent qualifications. Here are some ideas on how a foreign professional can get a job in the private sector, both in Norway and elsewhere. Read more

Innovation? Not…

innovation_not

I cannot count the number of times I have read articles on innovation (both in the Norwegian and the international press), where the construction of a new building is supposed to support innovation. It should be obvious; innovation is not primarily about constructing nice buildings. Innovation policy should focus on competence, good processes and incentives. The problem is that these are not visible nor tangible. Consequently, politicians often sucumb to the temptation of constructing monuments instead of supporting real innovation.

Entrepreneurship: Missing a Process?

I have been working as an entrepreneur with a technology-based project for the last 4 years, and have, during this period, also worked or cooperated with other entrepreneurs that were developing technology-based projects. In retrospect, it is clear that all of these projects had a lot of characteristics in common, including similar hurdles that had to be overcome.

Most tech start-ups have a product focus, including a good product development process, normally involving agile methods. On the other hand, a clear-cut business model based on proper market know-how is missing in the majority of start-up projects. Admittedly, some projects are so innovative that it is difficult to establish a market need, but in that case it is paramount to establish a process to obtain market intelligence as early as possible. Moreover, marketing, sales and distribution strategies are not prioritized early on. Typically, they come into focus at a much later stage, often too late.

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Reflection on my Experience as an Entrepreneur

I have 4 years experience as an entrepreneur. As my time as an entrepreneur has come to an end, at least for this time, it is natural to reflect on the things I’ve worked with in the context of entrepreneurship in general.

Some call it the entrepreneurial purgatory. Personally, I think that it has been too much fun to earn the designation “purgatorium”. Entrepreneurship does entail a relatively high stress level, and things change very much from one day to another, and sometimes from hour to hour. The best term is the ping-pong-life: work, good times and bad, opportunities and obstacles, and your mood, varies widely. In such a situation is very difficult to maintain focus, and to prioritize correctly is a big challenge. You are in a constant time squeeze and, quite often, what is urgent takes precedence over what is important. Another challenge in such a turbulent life is to see your own limitations, and to obtain expertise when needed.
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The Day of the Entrepreneur 2009 – Santiago de Compostela

On May 19, the fourth edition of the “Entrepreneur’s Day in Galicia” (“O Dia do Emprendedor”) was held in the Congress Palace of Santiago de Compostela,. It is an event promoted by the Galician Institute for Economic Development (IGAPE) and BIC Galicia, in collaboration with the Spanish Ministry of Industry, Tourism and Trade. The main objective of this day was to “make visible, to recognize and promote entrepreneurship as an engine of economic development, generating innovation, job creation and social cohesion.“  Over two thousand people attended the event, a number significantly higher than previous years. For the first time attendees were offered individual consultations, and more than 300 people made use of the service. Read more