businesses in your industry
Business angels and venture capital fund analysts are inundated with countless ideas for the business. Undoubtedly, many of them are worthy of attention (statistics speak only of 10% of the total volume of business projects), but there are outgoing, stupid and absolutely ridiculous projects that no sane person will undertake to finance.
Venture business has its own characteristics that not all entrepreneurs who dream to realize themselves in this direction can understand. The industry specialization of the fund, in principle, makes it impossible to finance certain projects, in addition to everything, often really absurd fantasies are sent.
The following are stories of business angels that describe the most egregiously insane ideas.
One wise man said that you need to limit yourself to stand out. The same project was conceived so comprehensive that it resembles chaos. This is a very popular mistake of inexperienced businessmen. Continue reading
Credit – not at the bank, but where?
The answer to this question is well known to those who decided to connect their lives with the issuance of non-bank loans. Why carry your hard-earned funds to the Central Bank, which only raises interest rates on loans, if there is an interesting enough way to get money from alternative organizations?
10 original business ideas come from a crisis
The leader in this service market is Lending Club, which has organized peer-to-peer lending (literally translated “from hand to hand”). Continue reading
New startups, having not found a sufficient response from consumers, crumble to dust without any profit.
Unexpectedly, quite absurd ideas develop for everyone, bringing multimillion-dollar profits to the organizer. Having learned about those projects that were successful and too brave, it remains only to regret that they did not come into our heads. Is it possible to bring these ideas to life in our country, we will see further.
This idea enriched the Colombian, who founded the company PetButler in his country. Employees of the company are engaged in cleaning excrement for dogs for a fee, which their customers list weekly.
This proposal to Matt Boswell, the founder of the company, once seemed ridiculous. However, the economic mindset and entrepreneurial acumen helped to quickly analyze all the pros and cons of supply. And here is the result – now PetButler is the largest company performing such unpleasant work as cleaning feces for animals. This work is one of those that they do not like, even disdain, and tend to avoid doing it on their own. Continue reading