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

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

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 spot business opportunities?

There are many ways to spot business opportunities. For example by copying ideas used in your own field or those found in completely different areas. Or by absorbing more information through traveling, reading, and listening to people talking about their lives. While business opportunities are mostly discovered and then exploited, they can also be created and then exploited1. Opportunity creation involves much more uncertainty than opportunity discovery and requires visionary skills that allow for developing ideas people haven’t even thought… Read more

How Coronavirus will change the entrepreneurial opportunity landscape

Fist bump, footshake, or maybe an air hug instead of a handshake? Many things will change as a result of the Coronavirus pandemic. People will remember to appreciate their lives. Ideas for new societies will be introduced. New technologies will develop and they will play a larger role in decision making. Governments will be better prepared for future shocks. International and interdisciplinary collaboration will increase. And what not. At the same time, this means a new entrepreneurial opportunity for existing… Read more