Business

The Biggest Mistakes Entrepreneurs Make and How to Avoid Them

The Biggest Mistakes Entrepreneurs Make and How to Avoid Them

A lot of start-up founders make some pretty big mistakes when trying to start a business. They often miss out on key elements that would have made their company successful. Whether it’s failing to plan for money, or making the wrong product decisions, these pitfalls can both be costly and damaging. Today, we have listed …

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The 10 Poorest Countries In The World

The 10 Poorest Countries In The World

As great as it can be to study the world’s richest countries, it’s important to be aware of the poorest ones as well. These countries’ financial situation is often caused by multiple crises such as wars, conflicts, dictatorial regimes, natural disasters… Defining “poor” is so complicated, however, for this list, we’re going to stick with …

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The Importance of Company Culture and How to Improve It (Part 2)

The Importance of Company Culture and How to Improve It (Part 2)

A company culture is defined as the set of norms and values that govern the way people within a company behave. It also includes how employees interact with each other and how they work together. A great company culture is one that promotes happiness, creativity, and productivity. A bad company culture can lead to low …

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How to Make Better Startup Decisions with Opportunity Costs

How to Make Better Startup Decisions with Opportunity Costs

Opportunity costs are associated with almost any decision we make in life. Choosing between going to college or business school, deciding which job offer to accept, etc. In startups, the opportunity cost can be anything from time, money, or resources. How can a good understanding of opportunity costs help improve your startup’s decision-making? What are …

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Sunk Cost Fallacy In A Nutshell (Part 3) : How to use it to your advantage ?

Sunk Cost Fallacy In A Nutshell (Part 3) : How can you use sunk cost to your advantage ?

A sunk cost is a cost that has been incurred and cannot be recovered. Sunk costs are often referred to as “wasting money” by entrepreneurs who believe that all resources should be used to build value for the company. However, the concept of sunk costs is not always negative. It can help inform decisions about …

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Sunk Cost Fallacy In A Nutshell (Part 2) : How To Avoid The Sunk Cost Trap?

Sunk Cost Fallacy In A Nutshell (Part 2) : How To Avoid The Sunk Cost Trap?

The sunk costs fallacy is a cognitive bias that leads people to make decisions based on the past rather than the future. It occurs when someone thinks that the time and money they have already invested in a decision is worth it, even if it no longer makes sense to continue down the path. Sunk …

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