Share:

News / Blog: #own-business

Becoming self-employed without equity - What are the options?

02/15/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are several options how to start your own business without equity.

1. Credit: Many banks offer loans with which you can finance yourself as a founder. The conditions can vary and proof of creditworthiness may also be required.

2. Business angels: business angels are investors who help entrepreneurs with their start-up. They provide support to the business in the form of financial backing, advice and networking.

3. Crowdfunding: crowdfunding is a way to raise capital through a platform on the internet. It is used to raise money for new products, projects or businesses.

4. Government funding: There are many government funding programs that can help entrepreneurs fund their startup.

5. Business plan competitions: there are many competitions where you can submit a business plan and win cash prizes. If the business plan is convincing, you can also find investors who will give you a hand.

Like (0)
Comment

Build your own business without a big budget

02/12/2024 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

It is possible to build your own business without having a large budget to do so. One of the most important things you can do is to use your ideas to create a business model based on your skills and expertise. This includes taking some basic steps such as opening a business account, creating a website, and building a good network.

It is also important to use your skills and knowledge to develop a business model based on your skills. This includes developing a product or service offering that will create demand and developing an effective marketing plan to promote that product or service.

It is also important to invest some time and energy to get the business off the ground. This means turning your ideas into a viable business model by researching concepts, opening a business account, creating a website, and networking.

Finally, it is essential that you have some basic skills in finance, accounting, and marketing. These skills will help you start and grow your business, and they are essential to succeed. If you don't have these skills, you can always read a book about them or take a course to learn them.

Like (0)
Comment

Recognizing trends early on and using them for your own business models

12/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Recognizing trends early on and using them for your own business models can be the key to long-term success. There are a few different ways that companies can identify trends early on.

First, companies should evaluate various data sources to gain a better understanding of current industry trends. These include industry reports, market research reports, economic forecasts, social media and other Internet resources. This data can then be used to identify patterns and provide early warning of potential trends.

Second, companies should also analyze the opinions and experiences of their customers. By analyzing customer feedback, surveys and other data, companies can identify early trends that are developing among their customers.

Third, companies should also develop innovative solutions to existing problems. By developing new technologies and ideas, companies can identify trends early on and use them to their advantage.

Finally, companies can also monitor the competition. By monitoring developments in the industry and the competition, companies can identify trends early on and use them for their own success.

Identifying trends early on and using them for one's own business models can be an important factor in a company's long-term success. By using data analysis, customer feedback, innovations, and competitor monitoring, companies can identify trends early on and use them for their own purposes.

Like (0)
Comment

Opportunity costs - Why founding a company and taking the step into self-employment is really (financially) worthwhile in the rarest of cases

12/06/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Starting your own business can be a very rewarding move, but rarely is it the most profitable move you can make as an entrepreneur. There are a few factors to consider when deciding whether an entrepreneur should start his or her own career or business.

One important factor is that one must weigh the costs and risks of starting one's own business against the costs and risks one would face in an employed position. These include the costs of starting a business, the costs of running the business and operating the business in general, as well as the risks one takes as an entrepreneur, such as the risks of market failure.

In addition, the opportunities one has as an entrepreneur are not necessarily better than those one has as an employee. If you want to succeed as an entrepreneur, you have to invest a lot of energy and time into starting and running your business, which means you have less time to do other things and you may get paid less than you would in a salaried position.

Ultimately, starting your own business is a decision that each entrepreneur must make for themselves. It is important to make the decision in light of the opportunity costs and potential rewards and risks. When deciding to start a business, it is important to have the opportunity to run your business successfully and to realize that you may have to invest more money and time than you expect.

Like (0)
Comment

How do I become a press photographer?

11/30/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
To become a press photographer, you'll need to show a combination of photography skills, journalism training, and a decent portfolio. A photography or journalism degree is a good start, but most press photographers are trained through experience in the industry. Attend advanced photography workshops, sign up for photo contests, and shoot in your spare time. Once you've built up your photography skills and have an extensive portfolio, you can apply to local newspapers and magazines or try to start your own business as a freelance photographer. It's also a good idea to find a networking group for press photographers in your area to see what others in the industry are doing.
Like (0)
Comment

Our offer to you:

Media & PR Database 2025

Only for a short time at a special price: The media and PR database with 2025 with information on more than 21,000 newspaper, magazine and radio editorial offices and much more.

Newsletter

Subscribe to our newsletter and receive the latest news & information on promotions: