Three roles in the venture team

Who are you in your venture team? The Entrepreneur, The Manager or The Technician.
The Entrepreneur is the dreamer living in the future. He or she is having great visions of how the company can develop in the future and constantly asks “what if…” and comes up with new ideas for improvement and change.
The Manager is [...]

Your business model should reflect the life your want

Most people that I have helped staring their own business basically just want to create their own job. To be selfemployed. Therefore the set up a business that is completely dependend on their precense. That is fine with me, since I have had the experience myself to be selfemployed. It’s a great job, the best [...]

Who do you write the Business Plan for?

Writing a business plan as a study project easily becomes just another report – basically written for the teacher to get good grades or at least to pass the exam.
In real life however the business plan is always written for a more or less specific reader and with a specific purpose. Sometimes of course you [...]

Building a team

Building a strong team for the new venture is both a matter of finding the right people for the daily work and management, but also a matter of finding the right people to give advice and share their network.
More inspiration on building a team, the episode 4a podcast of Mark Julianos Entrepreneurship & Business Course [...]

Being a business owner in Denmark….

For startup companies in Denmark there are several websites dedicated to give information to startups – but only a few in english. Probably the best practical guide in english is 100svar.dk ( “100 ansvwers”).
Check it out to see if it contains relevant information for your business plan.

It’s up to you now…

After developing new ideas and concepts for the first half of the course, it is inportant, that we start focusing on the business plan.
And remember: A business plan is not somthing you put together in an intensive last week before deadline. A business plan is a process, where you make the first raw version, get [...]

Market information – statistics

Speaking to experienced people is the best way to get updated market information. People who works in and feels the market dynamics every day.
But statistics is a fine start to get an overview over market size and trends. In Denmark the general statistics can be accessed via Statistikbanken. It is free to use, but you [...]

Finding your competitors

If you don’t know your competitors yet, it’s about time to identify them. If you need to search for competitors on the danish market, I have a few tips.
Kompass is an international database with information about 2.2 million companies in 70 countries, where you can searc on specific products or product groups, and in [...]

Networking for resources

After the holiday break we have switched focus from developing the idea and concept to focusing more on the final product – The Business Plan. I have uploaded some material about business plans on our Fronter-intranet, but I would like to give you a link here to a business template i MS Word-format, that you [...]