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Read More »Plant and wait for the harvest in your new businesses
I start this post with its conclusion: the entrepreneurship world is made only for people who have time to plant and wait for the harvest. Owning a business is an idea that sounds nice for many people, but it is an option that is not made for everyone. Only people that have time and the capacity to wait for the …
Read More »The conundrum of every entrepreneur: Facing New Competitors
I’ve been an entrepreneur for more than 18 years and during this time I’ve had the opportunity to speak with many young entrepreneurs as well as established businessman. Many years ago I came to the conclusion that most entrepreneurs are afraid of competition. This fear usually begins when we are creating the business idea, as we want to keep it …
Read More »Clients that can end with our business – and with ourselves
When I decided to stop working for someone’s else company and joined my brothers’ business, who had started it some years ago, acquiring new clients was a subject that I was concerned about. This was obvious because as other entrepreneurships if we weren’t able to get new client our business was not going to have a good future. Therefore at …
Read More »Venture Capital Firms making their way into Latin America
Some 10 years ago, maybe a little bit more, I was trying to make my first large entrepreneurship a reality. At that time we analyzed with my business partners, different mechanism to finance the project. Among the options we analyzed, we included a bank loan, government funding, loans from friends and family and venture risk capital. We came to the …
Read More »Positive and negative aspects of Marketplaces
When a SME decide to start selling products on the Internet, one of their greatest fears is the subject of costs, in order to implement a webpage. This makes that tis type of companies many times desist from entering to this great media, that brings opportunities to all type of companies regardless of their size. However many years ago SMEs …
Read More »Creating and Defining Metrics 3 – For your Personal Life
Today I’ll continue with this series of articles where I talk about metrics in different scenarios. In the past two entries, I talked about metrics in a corporate environment and also for Internet. It is true that metrics are usually developed and analyzed in companies, but they are also available for our personal life. I will talk about this last …
Read More »Exploring Internet niches
Some posts ago, I explored different business models that where possible with the Internet such as the Long Tail model. This model makes able that stores such as Amazon reach niches and not only sell mass consumption products because with Internet and the minimum costs it implies a company is able to offer infinities of products’ references. Let’s remember this …
Read More »Creating and Defining Metrics 2 – For Internet
In the first article of this series about metrics, I introduced this topic and argued that metrics are vital for businesses and for our personal and professional life. For the second entry I will talk about metrics, this time from the perspective of Internet. As I mentioned briefly in the previous post, one of the advantages of Internet is that …
Read More »Creating and Defining Metrics 1- For Businesses
In our modern world, we can find metrics almost everywhere. We have metrics for both our personal life and business life. They show us our progress and current state, which implies that we can make decisions with this information. A couple days ago I heard someone say that every single human activity can be measured, and I think he was …
Read More »Some Thoughts about the first Colombian e-commerce study, presented by the CCCE
Some weeks ago the Colombian Ecommerce Chamber (CCCE for its Spanish stands) published the results of the first Colombian e-commerce study. On the results we found that on 2013 (take into account the study was made for 2013 and not 2014) the sales with credit card and debit card through ecommerce add up to $8,283 million dollars, which corresponds to …
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