By Oleg K Temple, June 2018
PART 1 of 3: An overview of risks and best practices when starting a company
Starting a business has never been more of an intense commitment than it is today. Will new business ideas conceived today still be viable in 2019, 2020 and beyond?
With the accelerating onslaught of globalisation, automation, artificial intelligence and ever increasing competition, entrepreneurs and investors need to think long and hard before shelling out actual resources for a hypothetically profitable start-up company. The outlook may be rosy, but optimism a business strategy does not make. “A bird in the hand…” as the saying goes. The most pertinent questions are these: is the proposed business model relevant to the market and sustainable? And are the people at the helm of the project credible, reliable and passionate about the venture?