Selling the business

When to Sell Your Business?

Many would agree that the hardest part of going into business is starting it. The thought process – and the whole process of deciding what business to start and how to get it started is, for most, half the battle. Once they have gone through that stage, things become slightly easier because now they have an idea of where they should take the business and how to go about it. They already have a plan, and all that is left is to follow through with it: implement the plans, monitor the progress, and evaluate the results in order to decide the next steps that should be taken to make the business grow and last.

But there is one other decision about businesses that is just as challenging and difficult to make: deciding when to sell the business.

Think about it. You have been there from the onset: coming up with the business idea, formulating the business plan, setting it up, hiring people, running the operations, watching it grow… Selling it would seem unthinkable, isn’t it? But it is something that does happen, for various reasons.

Starting_in_business_early selling business

© Wikimedia commons | Lewis Hine

In this article, we explore 1) the reasons for selling a company or business, and the timing 2) when do you sell your business? Continue reading

Company, Technology

Top 10 Computer Games Produced in 2000s

The 2000s saw a drastic change in gaming consoles from low-resolution imagery of the 1990s to high-definition games. These new games featured detailed environments which were immersive and interactive and based around detailed storylines and characters. There was an improvement in the use of artificial intelligence as well as the use of more realistic physics.

The console manufacturers that emerged strongly during this period were Sony, Nintendo and Microsoft with their individual systems. Sega, previously a key player in the industry, stepped out of the market in 2002 and returned to its roots as a third party company.

For every entrepreneur it is important to understand how industries develop over time and how they can position themselves for winning this industry.

Top 10 Games Produced in 2000s

© Flickr | AngryJulieMonday

In this article, we look at 1) the history of gaming in the 2000s, and 2) top 10 games from the 2000s. Continue reading

Marketing 101

Should I Perform Primary or Secondary Market Research?

Should I Do Primary or Secondary Market Research?

© pixabay | JoaquinAranoa

After exploring in details the topics of primary and secondary market research techniques, this article focuses on the comparison of both types of market research. We will first gain 1) an insight into primary and secondary market research, and explore then the benefits and disadvantages of both types of research when choosing to perform 2) primary or secondary market research. Continue reading

Finding great ideas, Startup skills

18 Best Idea Generation Techniques

Ideas are things that come and go and fairly frequently too. However, the really great ideas usually spring unexpectedly in moments of inspiration. It becomes easier to come up with great ideas when we free ourselves from the mundane, everyday, conventional thoughts that take up the thought space in our brain.

Idea Generation: 18 of the Best Techniques for Idea Generation

© pixabay | SplitShire

This article gives you a 1) short note on the three stages of successful ideation and 2) 18 killer idea generation techniques. Continue reading

Marketing 101

How to Perform an Insightful Secondary Market Research

How to Perform an Insightful Secondary Market Research

© pixabay | epicantus

In this article, we discover the topic of secondary market research. We start with 1) an introduction to the secondary market research, and 2) how to conduct an insightful secondary market research, and conclude with 3) tips to conduct secondary market research effectively. Continue reading