In The E-Myth Revisited, Michael Gerber explains why the majority of small businesses fail and what to do in order to make them work. He describes three different business founder personalities, relevant for understanding the entrepreneurial myth. These are the Entrepreneur, the Manager, and the Technician, and typically one of these personalities is dominant in a founder.
Read MoreThe Law of the Category
The Law of the Category makes a lot of sense and there are many similarities to The Blue Ocean Strategy. Creating an uncontested market space is of course easier said than done, but still worth thinking about carefully before setting up a new venture. There’s nothing wrong per se in the alternative, i.e. starting to compete in an existing category, but it seems obvious that it’s much harder and might ultimately become a race to the bottom.
Read MoreWhy not focus on Climate Tech then?
So if you’re like me, a tech enthusiast and wondering what to do with your life, why not focus on Climate Tech then? I for one am going to start paying much more attention to Climate Tech going forward, and I definitely want to learn as much as possible about the various technologies and opportunities emerging out there. Seems like a perfect object to focus on in order to find something meaningful to do with the time and resources I have at my disposal.
Read MoreNFT's – The digital equivalent of a signed copy of a photograph
You can make thousands of copies of a photograph, be it printed or digital. In both cases the cost is low, and one could argue that in the case of a digital photo, the cost is essentially zero. But you can’t copy a signature, be it a physical or cryptographical one, and for some collectors that has value.
Read MoreSell something that people want to buy
If you’re working with sales and feel stuck, not getting the results you’re hoping for, I would recommend two exercises. First, take a long hard look at yourself and your skills and then ask yourself: do I enjoy being a salesperson and am I on top of my game? Second, analyse the product or service your selling and ask yourself: am I selling something that people want to buy?
Read MoreIt pays to have a good mic and headphones in video meetings
With just a few simple fixes video meetings can be improved a lot. This is important especially if you have several participants and the meeting topic is complex, potentially causing a lot of debate. If the meeting is held in a language which isn’t everybody’s native language, the benefits should be obvious. After all, the point is to collaborate and that requires that we understand each other.
Read MoreLaptop cameras must become better
Why are modern laptop cameras so bad? Why has there been so little improvement in 10 years? It seems like the camera is an area which, prior to COVID-19, was completely neglected by laptop manufacturers. When comparing the camera of my mid-2017 MacBook Pro to the camera of my mid-2012 MacBook Pro, the difference is negligible. According to Apple’s tech specs, both devices feature a 720p FaceTime HD camera (not sure if you can call 720p HD anymore), and yes the newer camera is slightly better in low-light conditions, but that’s it.
Read MoreWho cares about ESG?
A growing number of investors in the startup and venture capital (VC) ecosystem have finally started to emphasise environmental, social, and governance (ESG) related matters. There are good reasons behind it and the purpose of this article is to explain why that’s the case and what we at OpenOcean are doing about it.
Read MoreWhere are all the InsurTech startups?
The European startup scene is crowded with FinTech startups but the vast majority is focusing on payments, savings, lending or PSD2 related opportunities. A lot fewer startups are aiming to disrupt insurance related services, even though the insurance industry is equally ripe for digital disruption as the banking industry.
Read MoreFrom Vitamins To Painkillers
Many successful software products have started out as being vitamins but eventually evolved into being painkillers. What’s the difference and what should you aim for as a software entrepreneur?
Read More