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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