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Founders beware - Why entrepreneurial risk should not be underestimated

08/27/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Starting your own business is an exciting and rewarding experience, but it is also an entrepreneurial risk. The success of a business depends on many factors, from the right business idea to financial planning and implementation. All of these factors come with risks.

There is no guarantee that a business will be successful, so entrepreneurial risk should not be underestimated. It is important to understand that there are many risks that you cannot control, such as developments in competition, economic conditions or general market demand.

However, there are also many risks that you can control, such as the management of the business, financial planning, cost structure and more. These risks can be minimized through good planning and forward thinking.

To minimize business risk, it is important to have a clear vision and focus on goals. It is also important to be aware of what risks exist and what actions can be taken to minimize those risks.

It is also important to be aware of the legal and tax framework in order to create a solid foundation for the business. It is also important to network with people who can support you in your startup and who can also help you implement your business idea.

Entrepreneurial risk should not be underestimated, it is a challenge, but it is also an opportunity to start a successful business. If you understand the risks and know how to minimize them, you can reduce the risk and start a successful startup.

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Earn 1000 Euro per day - Only possible as an entrepreneur?

08/08/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
No, it is possible to earn an income of 1000 euros per day without being an entrepreneur. Some professions, such as doctors, lawyers, consultants and sales managers, can earn such an income without being self-employed. Some people can also earn such an income by investing, working on the Internet or doing real estate business.
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The Sky is the Limit - How to successfully scale your business

07/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
This book provides a comprehensive and practical guide on how to successfully scale your own small business. It contains a number of different strategies on how to build and design your business to grow sustainably and become increasingly successful. Topics covered include: developing a scaling strategy, finding the right business culture, implementing processes and systems, leveraging technology and social media, developing an effective marketing plan, and much more. In addition, the psychological side of entrepreneurship will also be addressed. Useful tips and tricks for dealing with the challenges of entrepreneurship are also provided. At the end of the book, the most important points are summarized again and some more useful resources for further research are presented.
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03/15/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

As of today, Tuesday, March 15th 2022, our official affiliate program is available. Our customers as well as all interested entrepreneurs, freelancers, agencies, bloggers, YouTubers or influencers have the opportunity to join our affiliate program for free and without obligations and can earn up to 50% of the shopping cart value with successful referrals.

If you recommend us to your existing customers and an order is placed within 30 days, we will pay you up to 50% of the order value.

To register for the affiliate program, simply create your own free user account. You will find all the necessary details, instructions, affiliate codes, advertising material as well as the conditions of participation there under the tab "Partner Program".

Are you also interested in a distribution partnership? Contact us!

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12/10/2021 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

From January 2022 onwards, we will publish regular short reports on our blog about the recent startup activity in Germany, about changes in both our Entrepreneurship and Media & PR databases, and about current topics from a statistical perspective - e.g. the Corona pandemic.

In our changelogs you will find the number of changes as well as the number of new database entries, and a visualization using graphs to track the development (see our Corona Dashboard).


Do you have questions/comments/suggestions? Please use our contact form

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