Answers
Topic:
FROM IDEAS TO SUCCESSFUL BUSINESS MODEL
Do you know up to 80% of new businesses fail within their first 3-5 years? What are key elements of good business ideas? Key steps & condition to turn an idea into a successful business model? Discuss with Anphabe advisor and members to learn different practical views.
Advisor:
Nguyen Thi Hong Trang
Managing Director
Quadrill & Vera International Ltd.
Timing:
Sponsor
The discussion is open from 22-07-2011 to 08-08-2011
The advisor answered on 05-08-2011
I have a good idea but it may need much more money than I have. How important is money in a start-up?
Answer2
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1311848172
Question Detail
Answer2
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Pages
- Nguyen Thi Hong Trang1312536892
Finance, though is not the most important, is really necessary. In business, you have to measure the return on any investment and calculate the cash flow; if seeing this is a feasible project, you can call for investment from others. After all, knowledge of finance is a must for any business leaders :)
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- hZWZmZlhmnKWmZqExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9Sel5yImGKZW5_g3w..
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Basically, I think money is important for starting your idea but it isn't most important thing. Actually, You can divide your plan into small steps so that you can control your budget for investment.
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