BUSINESS
Supporting
New Business
Owners Is
a Great Venture
A company that is built ground-up by a person is the most natural and overall best way to conduct
business. On the other hand, many business owners new to the field fail due to trivial errors in the
very base of their plans.
The probability for a company to become
established and turn into a successful startup is around 10%. The remaining 90% of
business projects usually end after about
four years or turn into those that lack
prospects for growth and development.
The main cause of the phenomenon is that
business owners underestimate the actual
business side of things. A new business
owner generally does not put that much
thought into who their product benefits
or how it does this; they do not know their
target demographic well enough; they did
not test their product through customers
early enough; they do not have a real
business plan; they hesitate to look for
investors and so on. These are some of the
things that can be done in just a matter of
hours or a couple days in the early stages of
a project to greatly increase the chances of
the project’s success. That is the reason we
have founded the non-profit organization
Start Up MSK, z.s., offering many programs
for people looking to start a business in the
Moravian Silesian Region.
The base program is called Design Sprint.
It is a week filled with workshops that offer
new business owners a variety of methods
on how to effectively and structurally
design, prepare and test their idea for
innovation or business and work with
experts and established business owners on
laying a strong foundation for their future
endeavors.
Another one of our programs is called
Business Grill, which is a three-hour long
workshop involving new business owners,
potential partners and investors. Each
participant is allotted time to present their
business intentions, followed by talks of
potential cooperation. The goal of this
program is to support business ideas and
create new synergies.
StartUp Voucher is a contest for business
projects that wish to present an innovative
and scalable product to the market. It is
aimed at new business owners that have
thought through their business intentions,
verified that there is and will be demand
for their product and decided to enter the
market. At that point, many new business
owners will often require funding, which
this contest presents the opportunity to
receive.
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