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Raising funding for a new startup can be one of the most daunting tasks for entrepreneurs... There is no secret formula... We've compiled 5 reliable ways to help you raise capital: - Bank loan or credit-line - Trade services for help - Crowdfunding campaign - Incubator or accelerator - Venture capital Have you ever raised funding for a startup before? What does it take to be successful?
Looking for an innovative idea in 2021? You can roll the dice and ask Santa... or You can do it the Phiquest way! Your choice!
What do Elon Musk, Sheryl Sandberg, and Jeff Bezos have in common? They're all innovative leaders and possess these 5 traits: - Inspire and Motivate - Display Strategic Vision - Customer Focused - Communicators - Always Doing What's Right If you were to add a 6th trait, what would that be?
Between affordable A.I., Low Code Development, or Human Augmentation... Researchers believe these will be some of the top software development trend in 2021! But how does your company's software compare? Is it up to date with the current market? Let us know in the comments below!
Do you know the elements of life? If you guessed wind, water, fire, and air. You're right! But did you know that like life, your business model has different elements? These elements include: - Audience - Processes - Resources - Proposition - Partners - Strategy - Innovation How often do you evaluate these elements? Quarterly? Annually? When was the last time you revisited your business model?
Do I need an innovation plan? We believe every entrepreneur, startup, or established business needs an innovation plan. Here are a few tips to be cognizant of when developing your plan: - Innovation To Strategy - Overcoming Patterns - Balancing Trade-Offs - Leadership Challenges If you need help developing an innovation plan, send us a message!
A Silicon Valley venture capitalist firm was asked... "What are the 3 things you look for before investing in a startup?" This what they look for: - Big Market - Product - Team Is there anything else you believe startups need to be successful?
There isn't a business in the world that doesn't want to be more creative in its thinking, products, and processes. In the book 'The Art Of Innovation' by Tom Kelley, he believes everyone can be creative, and the goal at his firm(IDEO) is to tap into the fountain of creativity in order to make innovation a way of life. When evaluting innovation at your organization, could you be including more creativity into your plan?
What goes into innovation? A little of this, a bit of that, but what is the key ingredient? According to Daniel Marcos, CEO of The Growth Institute. The key ingredient to innovation is focusing on yourself first! He recommends following these 5 tips: - Set a routine - Make a 5,10, and 25 year plan - Practice - Develop a time system - Work as one As a leader, business owner, or entrepreneur do you put yourself first? Let us know in the comments!
Do you use @netflix ? Netflix is one of the strongest cases of 'Disruptive Innovation' in the past 20 years! Netflix original mail-in movie subscription wasn't attractive to competitors like @blockbusterdk They disrupted themselves and created a brand new profit center by switching from mail-in DVD's to web steaming and the rest is history! The question is, is your business exploring new profit centers?
New product woes? Developing a new product can be difficult... We've been there and we know how to help! Try breaking it down into these 6 simple steps: - Ideation - Research - Planning - Prototyping - Sourcing - Cost Do you have any questions about new product development? Let's discuss!
Have you heard of @disney? Unless you've been living under a rock, of course you have! Disney has pioneered a fascinating innovation method called "The Disney Method" It's consists of 3 stages: - The Dreamers - The Realists - The Spoilers Each stage plays an important role in the method! Let's play a game! If you made it to the last slide and you enjoyed this document, comment "Mickey Mouse" and let's see who's paying attention.
Automation is not just a buzzword... It starts with a clear objective and ends at process evaluation. Here are 5 steps involved in business automation! - Mapping your process & identifying repetitive tasks - Eliminate waste - Train your team - Build the automation - Measure ROI Is your business using automation or are your struggling with any of these steps? Let us know in the comments below!
Innovation in a crisis! Making innovation a priority today is one of the keys to unlocking major post crisis growth. According to McKinsey & Company, nearly 3 out of 4 chief executives agree that changes brought on by COVID-19 will be big growth opportunities across various industries. With that being said, are you ready to build an innovation engine for your business?
Business collective ran a study... They asked dozens of businesses and startups... "What makes a startup or small business innovative? We thought this was a FASCINATING question and we wanted to share the 12 most common answers. LinkedIn friends, what do you think makes a startup or small business innovative?
The innovation race!! Everyday new companies are launched, which means more competition for existing businesses. This is part of the reason why startups can't afford to not experiment or innovate. We've compiled a few reasons why it's advantageous to constantly be innovating. - Keep your competitive edge - Become more efficient - Compete with larger companies Is your business running in the innovation race? Are you keeping up?
Innovation is a word that's in every facet of our everyday lives from business to science to arts and engineering. The science of innovation helps established businesses stay competitive in the global market place. Therefore, businesses around the world need to continuously innovate! The question is, do you have innovation down to a science?
Are you up to date on current innovation trends? Here are 3 innovation trends we foresee being popular in 2021! - 5G Innovation - IQ to EQ Leadership - Quantum Innovation Does your business have an innovation plan for 2021?
Do you consider yourself creative? We recently dove into Jeff DeGraff’s 'The Creative Mindset' and wanted to share some valuable insights with our LinkedIn family! Innovation in organizations is the result of creativity of the individuals and communities. Take a look at Jeff's 6 tips based on C.R.E.A.T.E! When is your most creative time of day?
Are you being effective with your time? To CRUSH your month, you must prioritize your tasks. Try writing down your tasks for the month and distributing them into one of the four boxes listed on page 4. Give it a shot and let us know if it worked for you! Are you using your time effectively?
In any business today, regardless of industry, innovation is a must-have! Try these 3 things to innovate in 2021: - Meet your customers needs - Tap into new markets - Gain a competitive advantage Do you have your innovation plan ready for 2021?
How do you create unstoppable momentum in business? Momentum is built by ensuring that everything goes as planned. You can do this successfully by practicing these 3 tips: - Honor Your Priorities - Be Consistent - Embrace Support Has your business gained or lost momentum in 2020?
Sheryl Sandberg? Oprah Winfrey? Elon Musk? Who would you choose?
What is the most challenging task you've ever been dealt with? Participating in a triathlon? Starting a new career? These can be very challenging but we believe mountain climbing is similar to entrepreneurship in 4 unique ways... - Having an experienced guide helps - You need the right equipment to succeed - There's always more mountains to climb - You're stronger than you think What do you think? Are there any other ways entrepreneurship is like mountain climbing?
So your ready to mature your idea into a prototype... But what does it take? Here are 3 simple steps to turn your idea into a prototype! - Write it down - Sketch/Wireframe - Prototyping Are you ready to turn your idea into a prototype?
2020 has been a whirlwind and you're ready to try something new... You’ve come up with a great business idea and you're ready to start a business! But starting a business has its obstacles... Here are '10 Steps To Start Your Business'. Do you need help getting your business off the ground?
Many CEOs are concerned... About innovating while working remotely. Here are a few tips to inspire innovation while working remotely!
Being a leader is tough... You have to make hard decisions all the time... Having the right mindset is crucial for successful leadership development! Here are a few mindsets every leader should have! What mindset stood out to you the most?
Are you an entrepreneur or business owner? Do you have a business model? If so, could you improve that business model? We've compiled tried and tested research from startups and entrepreneurs on how they established strong business foundations with these business model strategies. Download your free copy today by clicking the link in our bio! Don’t miss out!
Doing 95 in the fast lane! Entrepreneurs and business owners, would you like to accelerate your business growth? Here are a few tips to help you merge into the fast lane!
What if Ferrari never innovated? Are you still using the same business strategies from 1950? Do you need help bringing your business process into 2020? Phiquest can help!
Reminiscing back to 2019, when we partnered with @usouthflorida(@usfengineering) to collect data on drone patterns to help track wildlife! We then processed the data and created an algorithm that can be used to easily locate and tag animals. To find out more about all the incredible things we are working on visit us online. #usf #usfbulls