Tag Archives: entrepreneurs

How to start up your business in University

Many would agree that the best years in life are actually during our University life. Therefore, it would be a waste if one were to sail through the 4 years of university life in a mundane way.

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1. Do something. Anything.

So if you are still in University, do something, anything. Seth Godin too puts it in his recent interview that you have to pick yourself:  “You want publish a book, publish it. You want to sing a song, sing it. You want to start a movement, start it.”  Mark Twain has my favourite quotes of all time, which I always remind myself:  “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”

2. Get out of your comfort zone and meet more people

Most of us are preprogrammed to be in our comfort zone because we are brought up that way. When we are in university, it is common for us to stick with a bunch of friends where we are comfortable with from our year 1 till our final year. What a lot of people don’t realize is that once you explore beyond your own social circle, there is a higher possibility to cross path with someone that shares the same ambition as you. Also, when you meet new people, you could share with them your ideas and get real customer validation. It is this spirit of stepping out of your comfort zone and meeting new people that will help kick start your business ideas.

3. Get a good Mentor

Another tip to getting started is to find a good mentor.  The role of the mentor is to give you advices from his own experiences as well as pointing you at the correct direction. Your mentor could also open up a few doors for you and introduce you to some key individuals in the community. With a mentor, mistakes that could be detrimental can be avoided. Of course, the question is, how do you find these mentors? One way is to go for events and talk to them. Don’t be afraid to approach these prospective mentors because they, like yourself, are usually comfortable in talking to people.

4. Just do it

Bravery is needed to have contrary opinions and to take unexpected paths. If you’re not courageous, you’re going to be hanging around the water cooler, talking about the guy who actually is. A lot of times its not because things are difficult that we dare not, it’s because we dare not that things are difficult. So if there is something that you want to do but you are held back, you should go ahead with it because there is really nothing to lose.

5. Read a lot

With the advancement of technology as well as the ease of information sharing on the web, it is crucial for us to get updated with what is happening around the web and around the world. This facilitates learning as well as sharing of information, leveraging on the wisdom of the crowd to know what works and what does not work. Reading a lot can also help identify trends and new business ideas and models which could be used to refine your startup idea.  Other than just reading, one should cultivate the habit of reading everyday because there are too much content on the web nowadays, and if you stop for one day, you would miss out quite a lot that is happening in the local community as well as the global community.

By Jacky Yap @jackyyapp
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Good opportunity! Business start-ups competition

Marketest, online quantitative market research experts for entrepreneurs organise its

2nd business start-up competition.
Objectives:
Stimulate and promote entrepreneurial initiative in the UK
Bring out new business ideas
Support the transition from the idea to the launching stage
Promote and reward start-up projects

Who can enter?

Anyone from 18 years old who has a new business idea!
Your idea doesn’t have to fit into a box, no matter your target market, industry or service we want to hear about your business idea!

What’s the benefit?

ALL PARTICIPANTS:

  • Entitled to tailored market research at a 15% discount rate for a period of 12 months.
  • A 50% discount on every market research report bought for/by the entrepreneurs that you support

THE WINNER:
Expertly tailored and personal market research report for your business plan worth:
An online survey of your target market (potential clients)

  • 1st prize: market research project worth £1000
  • 2nd prize: market research project worth £500
VERY GOOD OPPORTUNITY for those who want to start a business and need some support.
The applications forms will be available until April 30th.  Then a judge will choose the best ideas and the winners will be released by the 21st of May.
Enfuse team is always happy to promote opportunities for all the start ups.
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Guest Blog: Reflections on the New Entrepreneurs Foundation

By Andrew Jude Rajanathan

This time last year I was sitting in front of a Bloomberg screen compiling research notes and working on M&A pitches for a boutique firm in the City. A year later things look very different. Finance is no longer sexy, entrepreneurship is on everybody’s lips and the U.K government still scratches its head as to how on to get the company growing. Continue reading

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