FOR EASY ACCESS
Please Add the Website
to Your Mobile Home Screen

1. Click on menu button
2. Select Add to Home Screen
3. Click Add!


or

Continue with Mobile Site

Posted by superadmin on 14/08/2015 11:20 in 2015

With technology accessible to all, business opportunity is not solely dependent on money, but the ability to transform creativity into a business. Take the success of Facebook, Twitter, and Airbnb as examples. These businesses prove that we are in the era that not only can a little man can become self-employed, but he also shock large corporates. The accomplishment of Facebook, Twitter, and Airbnb has brought to light “startup”, a business model that focuses on idea. A startup can be started by one man or a few more. It does not require big money. It grows fast in a short period of time, but stands a chance to achieve shockingly high value.

Silicon Valley is, a part of the U.S. state of California, is the most populated place in the world in term of startup population. The success of many startups in Silicon Valley has led to the misconception that startup is limited only to IT industry. In fact, technology is only a part of startup. The important thing about this business model is having new ideas and the commitment to make it grow fast. “Startups have different way of making them grow, because they think they need to grow ten times bigger, or they have to grow 5% per week. SMEs, on the other hand, do not have this kind of thinking. For another thing, SMEs require quite a lot of investment or assets unlike startups. That is because startups know how to utilise technology at a certain level, not a complicated one. The key to success of a startup is innovativeness”, said Rueangrot Phoonphol.

Technology advancement is one factor that fosters startups and shifts the focus to this business opportunity. The Internet allows entrepreneurs to explore new ideas by opening them to an endless database. As a channel to release the product to the world and attract investors, the Internet is the media that makes possible crowdfunding which does not limit the business only to personal savings or bank loans. A startup man can raise fund from the crowd through online fundraising websites such as Kickstarter or Indiegogo. When business is more feasible, more people are turning back on working as office employees and become self-employed instead.

With technology, the commitment of an average Joe to run a business, and the potential to exponential growth, more investors are attracted to invest in startups, including venture capitalists and angel investors. Makerbot, the world’s top 3D printer manufacturer, started from being a startup. Such an outstanding potential and performance attracted the famed investor Brad Feld who later contributed 10 million dollars to fund the business of Makerbot. “Our key propeller is the entrepreneurs who we invested with. These people are so preoccupied with the product that they eyes could pop out, and that makes us excited”, Feld commented.

Although there are many case studies that startups can grow really fast, they are also exposed to the risk to fail like other business models. Statistics shows that 9 out of 10 startups fail. The high risk to failure has led to building the startup-supportive environment such as co-working spaces which allow an entrepreneur to use working spaces with others. The essence of co-working spaces is not having a working space, but opening a chance for business learning for entrepreneurs. TechHub, a British co-working space, does not only provide a space to work, but a chance to learn and develop businesses, and the opportunity to know more startups and investors through seminars, which will help new startups grow quickly and stably.

When business operation is not limited only to the traditional model, startup is an alternative for a general person to realize the dream to start a business. It only needs a new idea for a little man to create a gigantic shock to large companies. On how a man causes such an earthshaking phenomenon, let’s stay tuned and follow up in our next article.

Reference:

Why startups fail, according to their founders

Startup Genome Ranks The World’s Top Startup Ecosystems: Silicon Valley, Tel Aviv & L.A. Lead The Way

TechHub’s Elizabeth Varley on digital entrepreneurship – video

STARTUP เทรนด์ร้อน..!! ธุรกิจเกิดใหม่

กระทิง – เรืองโรจน์ พูนผล: anyone can change the world

Documentary movie “Print the Legend”

 

Credit image

http://www.dignited.com/10984/the-growing-ugandan-startup-ecosystem-there-are-startups-everywhere/

CATEGORIES

Story: TCDC

The shortage of resources…

The increased number of senior citizens…

The relocation of world’s economic centre…

Story: TCDC

Through archives and records of our actions, the evidence of our existence is embedded in the data. On the other hand, the data also influences how we see the world and resulting into our actions. A tweet by Lev Manovich, a media theorist, stated that, “19th century was defined by the novel, 20th century culture by the cinema, the culture of the 21st century will be defined by the interface.” This notion may become true to the extent. So could the interface such as data visualisation improve our understanding of the reality of the world? Could it be used as a tool for knowledge cultivation?

 

 

Story: Atipong Amornwongpeeti

Heard of a Zipcar? Own a Nokia phone? Chances are that at least a couple of products and services you have been in contact with bear the fingerprint of Chris Downs, a brilliant mind who trailed the blaze for service design. However, as the field has garnered more disciples, this pioneer, now a Principal at Method, has forsaken the foundation assumptions of service design he formulated in its early days for a new vision that gives a new role to insights and better suits the current landscape.

 

Story: Sommanassa Ngernsa-ard

Professor Andy Miah’s interest has expanded extensively beyond his degrees in Science, Bioethics and Medical Law to other topics that concern emerging technologies and human enhancement. Basically, he advocates the use of technology to enhance humans, individually and socially. His books, lectures and articles usually advocate people to ponder about future of humanity beyond the current context so as to design it without restricted boundaries. His project #media2012 inside the mega event such as Olympics, for example, was also targeted to enhance humans socially with the power of digital media and citizen journalism. This article will seek to provide an insight to those innovative ideas that are centred around humans.