Flyte® Selected as Finalist in the Women’s Health Rising Star Division of the Digital Health Awards 2023
Flyte is a Boomerang Ventures’ Portfolio Company
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Flyte is a Boomerang Ventures’ Portfolio Company
GeoH is a Boomerang Ventures’ Portfolio Company
Discover valuable insights and ignite your passion for innovation by revisiting Boomerang Ventures’ Fireside Chat event held in April 2023. This engaging discussion brings together
People often talk about design thinking, but do you know what it really means? In this article, we’ll tell you a little bit about this process and its impact on your business.
Everyone who works with technology and innovation knows the importance of finding creative solutions for common problems. After all, this is one of the pillars that makes an idea a successful business. But what does Design Thinking have to do with that?
There are various routes you can take when itcomes to turning an idea into a successful business. However, we want to recommend 4 simple steps that will make you reach this goal easily and with less risk. Everyentrepreneur dreams of turning their idea into a successful business. After all, one of the most complicated parts has already been achieved: the powerful insight about anew service or business that will change many people’s lives. However, after this first step, we need to focus on the plans that will actually make this dream come true. In other words, the idea needs to be validated, which is a process that’s based on a few essential points. This is important because, sadly, it is all too common to see new startups hit the market with very interesting goals, yet be unable to remain afloat for very long. You’ve certainly seen various examples of this. That being said,in this post we’ll help you with the process, from getting your idea off the drawing board to taking it tomarket safely and responsively. Stay alert and focus on these 4 steps! According to sales and personal development expert Brian Tracy, “average person has four ideas a year which, if any one is acted on, would make them a millionaire”. With this in mind, and to help you act on your idea, we’ve outlined four simple steps to help you start your journey to success. Ready? 1. Be clear about what pain point you solve This first step may seem obvious to many people, but that doesn’t match the findings published by CB Insights in their report about the main flaws leading startups to fail. According to their survey, the second most commonmajor mistake entrepreneurs made was that their products or solutions failed to meet a real market need. That means it’s pivotal to truly understand what pain point you’re solving. 2. Study your market After having in mind what type of pain you’ll helpsolve, you need to look at the market and understand if there are already any competitors around, if this is the best time to launch your product or solution, among other things.
So, you’ve got an innovative idea, but you don’t know how to find an investor to move it from the drawing board and take it to market? In this article, we’ll share the main options to make your venture successful. Every day, we see brilliant ideas appear on the market, but we know that for them to flourish into effective businesses, a number of factors must be considered. And one of them is how to find an investor to succeed on the market and grow in scale. This is even more important because, for many startups, failing to secure investments can be a death sentence. According to a survey conducted by the business analytics and tech market intelligence platform CB Insights, 29% of startups fail because they run out of money. Even if you have the capital for an initial investment, at some point you’ll need to obtain additional funding in order to grow and scale up to the market. That’s why, in this article, we’ll talk about how to find an investor for your idea. In other words, what are the main investment choices that can help you? Additional reading: How To Scale a Business with a Venture Studio? 5 ways to find an investor
Today, our society faces increasingly complex challenges, so it’s no surprise to see various companies and solutions arise. But there are still challenges and questions
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