Business models for high-tech companies

I have noticed that most people see only one way of doing high-tech business: creating a product or service and selling it via one-time transactions. Just like a computer manufacturer or car producer that creates a product and sells it to a customer. However, this is just one way to monetize high-tech alongside all the other products and services that complement the high-tech offering. There are several other business models for high-tech companies that may be better options than one-time… Read more

Space entrepreneurship and its motivational drivers

A huge space entrepreneurship boom is coming. In fact, it has already started. And it’s already big. The space industry was worth about $350 billion in 2016 and is predicted to grow to over a trillion US dollars by 2040, according to Morgan Stanley. Yet, there are several predictions by others who expect a much higher growth that will result in a market size of $3-4 trillion between 2040-2050. Moreover, venture capitalists invested globally about $5.8 billion in 178 space… Read more

Best documentaries explaining big business problems and frauds

In this article I list the best documentaries explaining big business problems and frauds. All of these documentaries or docuseries have a strong relation to business and economy, although some of them also feature some of our most pressing problems such social inequality and unethical use of personal data. However, for the most entrepreneurial-minded they also represent great business opportunities. Social entrepreneurship, sustainable food production as well as fraud prevention and fraud detection are just a few to mention. I… Read more

Why does the business model matter?

“You have to develop a great business model.” People keep telling this to aspiring entrepreneurs and corporate managers. But why…? Why does the business model matter so much? Or does it, really? The answer is yes, it does really matter. Of course it does. We’re talking about what exactly to offer and how to create that offering, who to target as a customer, who as a user and who as a partner. And probably most importantly, we’re talking about how… Read more

Top 5 tips for new entrepreneurs

I get often asked for my top tips for new entrepreneurs. What should I know before I start? What are your top 3 tips for new entrepreneurs and startups? What would you tell anyone considering to start tomorrow? There’s so much you can learn about entrepreneurship before actually starting your own company, but there’s even more you can learn by just doing. In this post I share my top 5 tips for new entrepreneurs. These are tips that every entrepreneur… Read more

How to fund a business idea?

How to fund a business idea is one of the top questions aspiring entrepreneurs ask themselves. The implementation of some ideas requires no money at all, while others require a lot of it. Depending on the idea, location, and willingness to share a business with investors, there’s a number of great funding opportunities. In this post, I briefly introduce the main sources of funding for new businesses. Sources of entrepreneurial funding The funding options are all different and they all… Read more

How to visualize a business model and which tool to use

Business model is what answers the question about how your business works and how you make money. Explaining this can be difficult if you are not sure where to start. In one of my recent articles I show how to answer the question “What’s your business model?“. The article can help anyone to give an answer that makes people listen and ask more questions. But what if your counter partner wants to know what your business model looks like? Or… Read more

The MacGyvers of entrepreneurship: How to make bricolage your superpower

Have you ever cooked a delicious meal from leftovers or ingredients that didn’t seem to complement each other very well? Have you ever created a nice outfit from a combination of old clothes? Have you ever furnished your house with excess decorations and spare parts that other people would throw away? If yes, you may be what I like to call a MacGyver of entrepreneurship and really good at entrepreneurial bricolage. In case you don’t know who MacGyver is, he… Read more

Must watch: Part 1

Hey you all! I’m very excited about my new “Must watch” series of blog articles featuring short videos that go deeper into the different aspects of my previous posts. They will also present cool startups and entrepreneurs or represent great business opportunities. I like to pick videos that are incredibly useful and informative as well as entertaining and truly inspiring. These are some of my current favorites and many of them I show to my students in class. I hope… Read more

How to convince your customers, followers and collaborators

What is the number one reason for why entrepreneurs fail?[drumroll 🥁]: no paying customers. In other words, nobody buys their product. That’s pretty simple. In general, why does someone not buy a product? Logically, either they can’t afford it or they don’t want to spend their money on it regardless of how much money they have. And what if they can afford it but they still don’t buy it? Logically, either they don’t need it or they prefer to buy… Read more