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What should be considered in agile project management?

05/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Agile project management is a method that aims to increase the efficiency and flexibility of projects by responding to the needs and feedbacks of the customer. Here are some important points to consider when applying agile methods to project management:

Agile methods require a clear vision: a clear vision of the project, shared by all stakeholders, is essential for the success of agile projects. Everyone should know and understand the goal in order to focus on priorities and objectives.

Transparent communication is necessary: Agile methods require open and transparent communication within the team and with customers. Feedback from customers should be collected quickly and regularly, and integrated into the project.

Agile methods require close collaboration: an agile team works closely together to make quick decisions and adapt to changes. Collaboration and sharing knowledge and ideas within the team is essential.

Agile projects require flexible planning: planning in agile projects is done in short cycles. It is important to be flexible and ready to make changes and adjustments to adapt to changes in the project.

Agile methods rely on iteration and continuous improvement: in agile projects, the project is divided into smaller tasks and steps that are worked through in short intervals (sprints). At the end of each iteration, the result is evaluated and optimized to continuously improve the project.

Agile projects require a team that is self-organizing and self-responsible: an agile team should be able to plan and execute its tasks independently. Members should be self-responsible and take responsibility for their results.

Agile methods require the right tools: Agile project management tools such as Scrum boards, Kanban boards, or agile software tools can help facilitate team collaboration and keep track of the project's progress.

Agile methods require continuous reflection: the team should regularly reflect on the progress of the project and how they are working together to identify challenges and issues and implement improvements.

These points can help you plan and execute successful agile projects. However, it is important to note that agile methods are not suitable for all projects, and the team and organization must be willing to make the necessary changes and adjustments to work in an agile manner.

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What are avoidable mistakes when setting up your own business?

03/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Here are some avoidable mistakes that can be made when building a self-employment business:

Unclear vision: without a clear vision and goal, it can be difficult to have a clear focus and steer the business in the right direction.

Lack of business planning: poor business planning can lead to unclear goals, insufficient funding and lack of direction.

Lack of market analysis: a lack of market analysis can lead to a business not understanding its target audience or what needs it should be meeting.

Lack of financial planning: inadequate financial planning can lead to an unexpected financial shortfall that can threaten the survival of the business.

Lack of legal advice: a lack of legal advice can cause a company to miss the necessary steps to comply with laws and regulations and potentially face legal difficulties.

Lack of marketing strategy: a lack of marketing strategy can result in a business struggling to reach its target audience and attract customers.

Lack of self-discipline: without self-discipline and self-motivation, it can be difficult to succeed in the long run.

By avoiding these mistakes and carefully planning and implementing your self-employment, you can increase the chances of success and build a profitable business.

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The most common problems of solo self-employed and how to solve them

03/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Solo self-employed people are often on their own and can face challenges that affect their ability to succeed. Here are some of the most common problems solo self-employed people face and how to solve them:

Lack of client acquisition

A common problem for solo self-employed people is a lack of client acquisition. Many solo self-employed people struggle to find enough customers to sustain their business.

Solution: solo self-employed professionals should develop a comprehensive marketing strategy aimed at getting the word out about their business and attracting quality customers. This includes creating high-quality content, using social media platforms, and attending industry events.

Difficulty with pricing

Another common problem for solo self-employed professionals is difficulty with pricing. It can be difficult to find the right price for products or services that are attractive to customers while also being profitable for the business.

Solution: Solo self-employed professionals should develop a comprehensive pricing strategy based on market demand, costs, and the value the business provides. It is important to find the right price that keeps the business profitable while being attractive to customers.

Time management problems

Another common problem for solo self-employed workers is time management issues. It can be difficult to find a balance between work and other commitments, especially when working alone.

Solution: solo self-employed workers should develop an effective time management strategy to help them use their time effectively and find a balance between work and other commitments. This includes scheduling breaks, setting priorities, and using tools such as to-do lists and calendars.

Difficulties with bookkeeping and tax returns

Another common problem for solo self-employed workers is difficulty with bookkeeping and tax returns. It can be difficult to keep on top of finances and file the right tax returns.

Solution: solo self-employed individuals should make sure they have an effective accounting strategy that allows them to manage their finances effectively and file all required tax returns on time. It is also important to consult a tax advisor to ensure that all tax requirements are met.

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Don't waste time - How to successfully start your own business

01/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Set clear goals for yourself: Define what you want to achieve and when you want to achieve it. Clear goal setting is the key to starting your self-employment successfully.

2. Build a network: Networks are an important source of information, customers and new business opportunities. Build a network by making contacts and networking with other entrepreneurs online and offline.

3. Find a mentor: a mentor is someone who can help you get the most out of your self-employment. Find a mentor who has had similar experiences and can help you succeed.

4. Create a business plan: A business plan is an important step in planning and ensuring your success. Create a business plan that includes your goals, strategy and timeline.

5. Focus on your business model: define your services, pricing and target markets. Develop a business model that will make your business profitable and help you establish yourself for the long term.

6. Get support: It is important to get support. Get support from family, friends, and experts to successfully start your self-employment.

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How to build a five-figure income as a part-time online entrepreneur

01/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your goals: Before you start your own business as a part-time online entrepreneur, you need to be clear about your goals. How much revenue do you want to generate? How much profit do you want to make? It can often be helpful to set specific goals that you want to achieve in a certain period of time.

2. Choose an online business model: there are many different types of online businesses you can build. Some examples include affiliate marketing, dropshipping, e-commerce, digital products, services and more. Choose a model that you like best and that also fits your skill set.

3. Create a business plan: A business plan is an important part of any successful business. It will help you define your business, achieve your goals, and prepare for success.

4. Find a target audience: Identifying a target audience is an important step when building an online business. If you don't know your target audience, you won't know what products or services you need to offer in order to succeed.

5. Create a marketing plan: A successful online business needs a good marketing plan. You need to know how to reach your target audience and what types of marketing techniques to use to generate more sales.

6. Test different strategies: When you are building your online business, you should try testing different strategies to see how they affect your sales. Be open to new ideas and try to tweak your strategies regularly.

7. Invest in yourself: Earning a five-figure income can be a big challenge. But you can increase your chances by investing in yourself. Join continuing education programs, read professional literature to refresh your knowledge and attend seminars to learn more about your field.

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