Our Take

3 Entrepreneurship Myths Debunked

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One of the most common entrepreneurship myth is the idea that an entrepreneur is a typical tech founder: Steve Jobs, Elon Musk, and Mark Zuckerberg. We see their lifestyles and success and feel that their version of success is the only kind. If we’re not getting million dollar investments, if we’re not based in Silicon Valley, if we’re not rubbing elbows with CEOs of massive companies, we’re not really succeeding. And this is only the pressure we put on ourselves.

None of this is true. There are ton of “truths” about entrepreneurs that are false. They put unnecessary pressure on us to fit into a singular definition of “success”. They only hurts us because we measure ourselves against unrealistic standards that we think everyone is meeting. Here are some common entrepreneurship myths debunked: 

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Tips

3 Top Business Idea Mistakes (and how to avoid them)

 

One of the most exciting part of beginning a business is that eureka moment. When you can confidently tell yourself “I have an awesome idea.” It’s a high that has no comparison. You’ve been racking your brain and turning ideas in your head until you finally found the way to make your idea work. However, in all that euphoria it can be a bit hard to remain realistic and not fall into some of these common pitfalls. Here’s some tips on how to identify and avoid the top 3 business idea mistakes that new business owners make.

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How-To Guides

Business Idea = Creating Solutions NOT Problems

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There’s one thing that all  entrepreneurs need to have and it is a problem.  In order to create a truly successful business idea you have to identify a problem that needs to be solved, and not the other way around! In the words of Steve Jobs “It is not the customer’s job to know what they want. You‘ve got to start with the customer experience and work back toward the technology – not the other way around”   

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Our Take

Top tips for responsible volunteering

 

What’s wrong with voluntourism?

At sixteen I spent two weeks in Ahmedabad, India as part of an exchange organized by my international high school. The trip was partly a cultural exchange: we stayed with host families from our partner school in Ahmedabad and welcomed these students for two weeks into our homes. However, a main element of our stay involved teaching English in street schools run by various Indian NGOs.

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Our Take

Problems with Incubators and Accelerators

Incubators are meant to help early-stage entrepreneurs develop and strengthen their business and provide them with mentorship with the goal of helping them succeed. Accelerators are meant to accelerate the development of entrepreneurs and connect them to funding. While both incubators and accelerators have good intentions with their goals, in the end they end up excluding those entrepreneurs who most need their help. This happens because of a variety of factors which we will explore.

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Tips

The 3 Questions a Strong Value Proposition Answers

Photo credit: UnSplash

Your value proposition addresses many of the most important questions that any entrepreneur needs to be able to answer both for the benefit of his company and for interested investors. At Bridge for Billions, it is one of the key steps of our online incubation program as a strong value proposition is necessary to forming a powerful and well-founded business plan (and we have a surprise for you at the end of the article!).

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