The book “Rich Habits” was written by Thomas C. Corley. According to the book, the difference between financially successful and unsuccessful individuals is in their daily habits and behaviors. Successful people practice good habits daily, while unsuccessful people practice bad ones. For example, successful people […]
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Why do businesses innovate their existing business models? Why did famous companies like IBM and Rolls Royce shake up their business models? For the simple reason that the business landscape is constantly changing, and sometimes, business model innovation becomes vital to surviving in a competitive
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How does a VC firm choose which startups to invest in and which to pass? How should startup founders prepare themselves for screening by VC firms? VC firms conduct thorough due diligence on startups before deciding which startup is worth their time and money. Due
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Bangladeshi startups are suffering a steep fall in funding compared to last year. For example, by the third quarter of 2022, they raised $125 million in total, but in 2023, only $47 million has been raised so far. Out of the $47 million, $30 million
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“Who moved my cheese?” is a motivational book on the importance of adapting to changes in life. Dr. Spencer Johnson wrote the book and used a simple story to illustrate its central point. The story revolves around two mice and two humans searching for cheese
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An individual’s habits serve as a mirror of their personality. Habits shape one’s character, subsequently impacting how far one will progress. In the book “7 Habits of Highly Effective People”, author Stephen Richards Covey outlines the seven common habits among successful people based on his
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VC firms invest in startups to earn profits from their investments in the future. They put startups through a rigorous screening process to identify and fund the ones with the highest growth potential. VC firms decide when to exit from their portfolio startups, either to
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“Rich Dad Poor Dad” was written by Robert Kiyosaki to share his financial literacy with others. Although this book was published in 1997, its lessons are relevant to this day, which is why this book continues to be sold and read worldwide. Whom does the
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VC firms, or Venture Capital firms, invest money into startups with high growth potential. When startups use these investments wisely, their businesses are transformed and taken to new heights. Startups like Facebook, AirBnB, Uber and Canva have all raised funds from VC firms to fuel
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A long tail business model involves selling many varieties of niche products, each in small quantities. This is a sharp contrast to conventional business models which focus on selling large quantities of a few best-selling products. This concept was postulated by Chris Anderson in 2004.
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