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EntreCity

EntreCity
The idea behind EntreCity is to help entrepreneurs build successful businesses. We want to achieve this by helping people build an entrepreneurial mindset and to arm them with the technical tools to start and grow businesses. Whether or not you are ready to start a business, EntreCity aims to help everyone to think with an entrepreneurial mindset.

Art0041: Don’t Be an Entrepreneur For the Wrong Reasons

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What we have observed is that many have failed to realise the subtle difference between true entrepreneurs doing things for the right reasons, and those doing it as an alternate career choice. Failure to understand this can result in disappointments and quick failures if you are becoming an ‘entrepreneur’ for the wrong reasons. We’ve seen huge surge in the number ...

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Mentor’s Thoughts Week 48: A Tale Of Two Letters And Key To Success

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Today we share Mr Patrick’s thoughts on being of value. To bring ourselves to greater heights, we must bring value to others. If you want to achieve something in life, you should bring something of value to the table. Be in a position to help people solve their problems, then you are of value.  “The strangest things happen to me. ...

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Idea Analysis Week 9: Button Trackr

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Breakdown Description Product Name Button TrackR Website http://www.indiegogo.com/projects/button-trackr-find-lost-items What Is It? Button TrackR is a tracking device that’s the size of a small coin. It can be attached to your personal items which can then be monitored through a free mobile app.This coupled with a community of people around, where their tracking apps, would also be able to help you ...

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Sci0034 – What Comes After The End?

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It is always best to keep a business plan clean from too much information. It should not be bogged down with too many details. Instead all non-essential details should be included in the appendices. As we discussed earlier on, the business plan should be as concise as possible and the plans as focused as possible. The reason for this that ...

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Art0040: Maybe You Are Not Feeling The Pinch

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Today we share a story from The Art and Science of Entrepreneurship by Mr Inderjit. An experience that he had in his past venture that made it clear about passion “When I joined forces with a group of fresh graduates to start a dot com venture in 1999, I thought I had partnered a group of very enthusiastic young people ...

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Mentor’s Thoughts Week 47: Fuel For Success

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Today we share a profound article by our Mentor Mr Patrick Liew. His past experience fueled his drive for success and took him to greater heights. Instead of letting his bad experiences get to him. He refocused his energy to better himself and to propel forward. While reading this, you may want to ask yourself, what is motivating me to ...

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Idea Analysis Week 8: Rug Addict

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Breakdown Description Company Name Rug Addict Why We Like It We love the product, but frankly its the personal touch that has us bowled over.Customer is really King(well at least Royalty) for the guys Rug Addict. The packaging of the rug mouse pad is innovative and very personalized. Makes it very exciting to receive and open it. Customers are addressed ...

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Sci0033:Right Exit at the Right Time

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Typically, the exit strategy is not covered as a section by itself in the business plan. It may be subsumed within the financial section. However, the exit strategy is important especially to investors who are concerned with the amount of potential returns and when these returns can be withdrawn from the company. These are the two key aspects which need ...

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Art0039: Passion or Pressure?

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  Ask any entrepreneur about his journey and you will realize that it is never any easy one. The life of an entrepreneur may be fraught with challenges and uncertainties, which are expected of start-ups that are trying to establish themselves and grow. This may be exacerbated if the entrepreneur lacks the passion to sustain his efforts in starting up. ...

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Sci0033: Risky business-What You Need to Consider?

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Now that you know the importance of risk factors and contingency planning as covered in Sci0032, here are some of the important risks you should include in your business plan: Market Risk-This includes uncontrollable factors that can influence the market and the ability of the business to respond to the market. Such volatility in the market through changing value of ...

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