Trendfactory

2021-08-19 14:29:53 #BusinessEducation
TOP-10 qualities for a good startuper

A startup is promising, interesting and comes with a lot of difficulties that the founder must cope with. A startup must have a set of qualities that will help him withstand tests with flying colors. Check if you have these qualities.

Sustainability
In the process of implementing an idea there are many reasons for stress. After every hard day you must be ready to return to the previous state and fight on.

A wish
The desire to do something new and to be realized will help you find the energy to promote the project.

Optimism
On the way of a startup mistakes, troubles and outright failures await. Faith in the result is necessary in order not to give up.

Clarity and sobriety
If you cannot soberly evaluate your product and measures to achieve the result, you will not be able to find mistakes and fix them.

Empathy
To effectively interact with a team you need to understand its needs, desires and motivation. You also need to have a well-developed empathy to make the product that your client really wants.

Perseverance
For a detailed study of a project sometimes it takes hours to deal with one task.

Openness and honesty
This quality helps to build trusting relationships with clients, partners and investors. It's always nice to deal with what you know everything about. Also, openness will help to establish effective team work.

Adventurism
Starting a new business is always risky, but you have to be willing to take the risk, change direction completely, do something that no one else has done before.

Love for people
If you sincerely care about the implementation of your team, partners and clients, you will be much more responsible for the conditions that they can receive. In a comfortable environment and in their place, employees will bring you maximum results.

Hunger
What you have achieved should not be enough for you. There is always room for improvement. This is the look that makes a good start-up stand out. Open / Comment

2021-08-18 20:59:13 #interviewSuccesstory
What has Bezos invested in?

Venture projects not only receive funding from many investors, but have also attracted real business sharks. Jeff Bezos, number one on the Forbes billionaire list, is an active investor in startups. What projects did the owner of $ 211 billion choose?

Jeff Bezos founded Amazon, which started out as a bookstore. Also the space company Blue Origin was his creation. On the New Shepard spacecraft of his company, on July 20, 2021, the billionaire in the company of his younger brother successfully flew into space.

Bezos is currently the chairman of the board of directors in the online retailer. However, in addition to business he is engaged in venture capital investments. His Bezos Expedition Foundation has helped launch or accelerate the development of many projects. For example, the Expedition has funded Twitter, Uber, Airbnb.

38% of the fund's investments are invested in technology companies. 34.2% go to the development of health care. Another 14.7% goes to the consumer sector.

In 2021, Bezos invested in the development of the following companies:

Pilot
RealWorld
Overtime sports
Chipper Cash
Arrived Homes

P.S.: Venture investments are actively developing, and we are ready to help this. PitchCamp is a venture game project, which is going to invest in 5 startups coming from this Telegram-chanel by the end of this year. Submit your ideas.
We are waiting for you at the first webinar tomorrow 19.08.

Best regards, PitchCamp team. Open / Comment

2021-08-18 13:01:10 #BusinessEducation
You cannot defeat danger without danger.

After identifying the risks that you may face you should assess their likelihood and possible damage.

The risk assessment is divided into two stages:

1. Qualitative analysis identifying factors that can lead to a decrease in the effectiveness of the project.

The main techniques for qualitative risk assessment are:

- "Brain storming" method
- Ranking method
- Analogy method

2. Quantitative analysis requires you to estimate the amount that you can lose.

The most popular methods are:

- Sensitivity analysis
- Analysis of the expected monetary value

The number of analysis methods is enormous. The choice of an assessment method depends on various factors, for example:

- Objectivity and reliability of information
- Qualifications and experience of team members
- Software resources

There is a method for teams of all levels to prepare for the complexities of a startup. Find your path to success and remember to constantly analyze what you are doing. Open / Comment

2021-08-17 21:39:08 #BestIdeaReward
Attention! Competition!
The first webinar will take place on Thursday 19.08, where 5 startups with the best ideas will be presented.

Tomorrow, on August 18, a vote will take place, where out of 10 applications we have selected, you can choose 5 that will go to the final stage of the competition.

After that our experts will contact the candidates for the main prize to help with preparations of the presentation. Each participant will have 10 minutes to develop their idea. The creator of the best project will receive 500 USDT.

We are waiting for you at the webinar. Best regards, PitchCamp team.

Web link:
https://us02web.zoom.us/j/83780613244 Open / Comment

2021-08-16 15:04:57 #BusinessEducation
Management of risks

American scientist and investor Peter L. Bernstein believed that the ability to manage risk ensures the progress of the economy.

A number of negative consequences can be avoided by using statistics, mathematical analysis and sociological experience.

Risk is one of the criteria for selecting good entrepreneurs. The success of startup depends on your ability to predict risks, prepare, and deal with surprises.

Potential risks are important for investors. You should be well versed in the problems you may face.

Pay attention to the following steps:

Idea
If you initially choose a product that will not interest the user, your idea is doomed to fail. You can also choose the wrong target audience.

Product
You need to establish efficient production and distribution of goods.

Team
You need to find a strong team. Employees without sufficient qualifications and experience may not be able to cope with unforeseen situations.

Market
Here you may encounter ineffective marketing, aggressive competitors' policies and the interception of an idea by a more developed rival.

Investments
You can underestimate the amount of funding needed and slow down development.

In future we will tell you how to assess risks and minimize them. With fruitful work and right supervision your project will definitely enter the market. Open / Comment