Category: liaison services

Top 5 Tips for Raising Funds for a Startup Project

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We all have some ideas, be they meticulously planned out or half formed, for a company that we think could be successful. But who has the money to toss at a startup on a whim? Well, startups aren’t just for rich people with time to kill. Anyone can succeed with their startup, and that includes you. You just might need to do a little bit of fund raising first! But don’t worry, because we’re here to give you the top 5 tips for raising funds for a startup project.

  1. Talk to Wealthy Family Members – Some people might instantly recoil at this suggestion and we understand why that is: pride. No one wants to ask their parents for a loan, much less their in-laws or their rich uncle. It makes us feel bad about ourselves—not to mention awkward. But sometimes you have to bite the bullet and make a few phone calls. It can make things better if you phrase your pitch as an investment opportunity and you give them stock in your company when it becomes available.
  2. Take out a Loan – You might not consider this fund raising, but it’s a quick way to get money for your small business. You can sometimes get more than $100,000 for your small business if you’re lucky. The problem is making sure that you can pay it back on time and that you can deal with the inflation that often comes with loans.
  3. Seek Government Funds – If you’re doing something with technology (or anything else that any government entity might find interesting) then you can apply for research grants and government funding. Just be careful about what you agree to. Sometimes government involvement can leave you with strings attached that limit what you can and cannot do with your business.
  4. Turn to Crowd Funding – Crowd funding platforms like IndieGoGo and Kickstarter allow consumers to donate money to you for you to develop a product. It can be hard to run a campaign and to get people interested, but if you pull it off you might be able to walk away with hundreds of thousands of dollars! Some have even managed to raise more than $1,000,000 via crowd funding. Just be sure that you come up with some good rewards for those who back you and that you have the leftover funds to make good on them!
  5. Pitch your Ideas to a Larger Company – Sometimes you can’t stay as independent as you’d like. It’s a sad reality of life. If all else fails you can still pitch your ideas to a larger company like Google or Facebook. Many large companies buy promising looking startups all the time! If you get really lucky you can keep control of your company even if you no longer technically own it. It isn’t the best situation to be in, but it isn’t the worst by any means. You can still make plenty of money when you’re owned by a larger entity !

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As Startup Specialists we have used our knowledge and experience to set up a free portal of frank, accurate information. Do check out www.startupinthailand.com for more details on doing business in Thailand /Asia or for a free startup consultation.

Aditya Interactive is the only company in Thailand to provide a single window solution for all business startup and expansion requirements under one roof : Startup consulting | Market Entry | Legal | Serviced Office | Factory Setup | Representation | Recruitment |Accounting | Operations | Sourcing | Buying | Distribution | Marketing | Regional Business Development | Management.

Check out our Thailand Market Entry Services  and your business expansion options here.

Be equipped for doing business in Asia. Download our FREE e-Book on How to do Business in Asia

Author – Andy Aditya  |  Asian Director 

startupinthailand.com | Adityainteractive.com

 

The post Top 5 Tips for Raising Funds for a Startup Project appeared first on Startup in Thailand.

Source: Startup In Thailand Blog

What Qualities do You Need to have as a Startup CEO ?

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Plenty of people have lofty dreams: lawyer, politician, celebrity. These are some of the most common around, but they aren’t the only aspirations pushing people forwards. Just as many people wish to be a businessman/businesswoman. And most people in the business world hold onto a desire to one day climb the ranks and become a CEO. But why spend decades fighting to take over the position in a well-established company when you can just start a new one? It sounds great, but not everyone is cut out for it. So just what qualities do you need to have as a startup CEO?

One of the simplest qualities any startup CEO needs is the willingness to fail. This might seem counterintuitive, but it’s necessary. A person who is afraid of failure is afraid of risk, and there can be no large scale success without risk. Failure isn’t desirable, but to be afraid of it isn’t acceptable. You need to confront the possibility that things might not go as planned and then you need to keep going anyway. You have to move forward with low certainty at times and you must do so with no fear.

In addition to this, startup CEOs need to be willing to work long hours. Some people glamorize the idea of being a CEO as an easy position with a lot of perks, but that idea isn’t always true. Sure, some CEOs are passive within their jobs, but you can’t afford to act that way when you’re working at a startup. Everyone needs to be giving their job their all, and that includes the CEO.

As the CEO you also have to be prepared to make sacrifices. If you need to take a salary cut to hire more staff members then you do it. If you need to give up your big office to save space on rent then you manage. If you need to pay out of pocket for some office or work supplies then don’t complain about it. It’s especially important that you don’t complain about any of that. And do you know why? Because the CEO is seen as a leader.

You need to be confident on the outside, even if you’re terrified on the inside, because your tone and the way you carry yourself will influence every worker under you. If your staff sees you panicked then they’ll soon be panicked too. No matter what happens you need to act as though it’s just a minor setback. Freak out when you’re alone if you need to, but avoid public displays of stress at all costs.

Above all else, you need to be a decision maker. You can’t spend a week sitting on your hands and contemplating each move you make. A startup CEO has to take charge of situations and make quick decisions that serve their business well. Quick decisions that end in disaster won’t due, and neither will delayed decisions of any sort, even if they’re good ones. They need to be good, they need to be made quickly, and you need to be the one to make them. Think on your feet.

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As Startup Specialists we have used our knowledge and experience to set up a free portal of frank, accurate information. Do check out www.startupinthailand.com for more details on doing business in Thailand /Asia or for a free startup consultation.

Aditya Interactive is  the only company in Thailand to provide a single window solution for all business startup and expansion requirements under one roof : Startup consulting | Market Entry | Legal | Serviced Office | Factory Setup | Representation | Recruitment |Accounting | Operations | Sourcing | Buying | Distribution | Marketing | Regional Business Development | Management.

Check out our Thailand Market Entry Services  and your business expansion options here.

Be equipped for doing business in Asia. Download our FREE e-Book on How to do Business in Asia

Author – Andy Aditya  |  Asian Director 

startupinthailand.com | Adityainteractive.com

 

 

The post What Qualities do You Need to have as a Startup CEO ? appeared first on Startup in Thailand.

Source: Startup In Thailand Blog

What Are Your Biggest Challenges While Promoting Your Business Online ?

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If you want to succeed with your business in our modernized, technology focused world then you’re going to need an online presence. People are now accustomed to hearing about something, whipping out their smart phones, and looking it up right then and there. Of course, there’s probably information about your business available online, whether you put it there or not. Hence, you need to have as much control over this information as possible and you want to provide your own image to people. But, before you can do that you need to answer this question: What are your biggest challenges while promoting your business online?

There are certainly some obvious challenges to start with and perhaps none of them are as important as perfecting your social media presence. Without a good following on sites such as Facebook, Twitter, and Tumblr, you are at a severe disadvantage. These sites allow you to deliver promotions and information directly to your customers without paying a dime. But before they can be effective at doing so you have to convince people to follow you—to “like” your pages, to subscribe to your feeds.

This can be accomplished in one of two ways: you can either build your community organically and through cross promotion between different media platforms; or you can purchase extra “likes,” sponsored space on consumers’ media feeds, and advertisements on every platform. The best route to take is always, without fail, the organic route. Why is this?

For starters, purchasing extra “likes” and followers from companies you don’t know about can cause problems. Sproblemsome services that offer you fans like that are a scam. This is where the accounts that start to follow you are generally run by computers and not real people.

The official options that social media platforms offer – such as sponsored space and advertisements – are more effective, but still not always worth your time. Some advertisements are becoming less effective, as there has been increased usage of advertisement blocking technology amongst consumers. With this tech, the consumer can instantly hide your ad before it even appears. The sponsored space or recommendations that you can purchase is generally not vulnerable to this tech. It is a great way for a company to force itself onto media feeds. However, this needs to be done carefully and not in a spammy way, as it can push people away from you rather than towards you. Another thing that can be annoying to consumers are lengthy video advertisements, which should be avoided at all costs. Keep your videos short, sweet and interesting or entertaining.

If you have the staff or time, you should go with the organic approach: hire someone that is competent with social media to run your Twitter, Facebook, Tumblr, and Youtube accounts. Have them post engaging, appropriate, and relevant content. Make sure it’s stuff that your target audience really wants to see. Sprinkle in some good deals every now and then so that they have more incentive to pay attention.

This is your biggest challenge: keeping your social media foothold. If you can get them following you on their media feeds, then your posts will be mixed with those of their friends and family. You’ll become a part of their daily lives and you’ll be able to shape your online presence as you please.

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As Startup Specialists we have used our knowledge and experience to set up a free portal of frank, accurate information. Do check out www.startupinthailand.com for more details on doing business in Thailand /Asia or for a free startup consultation.

Aditya Interactive is  the only company in Thailand to provide a single window solution for all business startup and expansion requirements under one roof : Startup consulting | Market Entry | Legal | Serviced Office | Factory Setup | Representation | Recruitment |Accounting | Operations | Sourcing | Buying | Distribution | Marketing | Regional Business Development | Management.

Check out our Thailand Market Entry Services  and your business expansion options here.

Be equipped for doing business in Asia. Download our FREE e-Book on How to do Business in Asia

Author – Andy Aditya  |  Asian Director 

startupinthailand.com | Adityainteractive.com

 

The post What Are Your Biggest Challenges While Promoting Your Business Online ? appeared first on Startup in Thailand.

Source: Startup In Thailand Blog

How to Ensure that You Hire the Right Resource at the Right Time

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There’s something that every good businessman needs to understand: employees are a resource. This is why we have entire departments titled as “Human Resources.” And – just like any other resource – you can have too many or too few people hanging about. But unlike many resources – such as coal or printer ink – you are paying a regular check to these individuals that you might not need. Or, more so, that you might not need yet. How can you fire anyone when you might need them tomorrow? Simple: avoid the situation be just learning how to hire the right resource at the right time.

Now, that might not sound simple to you. It could even seem impossible, and yet here we are. The truth of the matter is that the only way to make sure that you don’t over hire or under hire is to have a good grasp of the future, which in turn must sound even more impossible. But it isn’t impossible, it just requires you to do the one thing that we all hate: hard work.

To get a good grasp of your future you’re going to need a long term plan. It can’t be a general thing either. You need to know what the start date of each project is, where the money is going to come from, and who will be working on it. You need to get decent sales/revenue estimates as often as possible and when those estimates don’t match the outcomes then you need to adjust everything to match that. You need to have such a close understanding of your resources – of all of your resources, not just your employees – that you can see everything mapped out in your head whenever you close your eyes.

When you know all of this then it becomes much easier, doesn’t it? You know that your business will be starting a big project next month, you know that you have a small budget for temp workers, and you know that you need a graphic artist. If you don’t have one you need to start looking for one now and you need to lowball his/her pay. Otherwise you’ll be left blowing in the wind.

Likewise, you might have just finished a huge project with a lot of temporary employees attached to it. Should you keep any of them? Perhaps. Think of what projects are coming up and which of them might make themselves useful. Were any of them so talented that you feel compelled to hire them? Just make sure they’re going to have a consistently busy workload if you put them on the payroll full time.

Is your head starting to spin yet? Good. That’s because you shouldn’t be doing this alone. There’s a good reason that the aforementioned “Human Resources” department exists. If you don’t have one, then you probably need one. Work closely with them, but let them do all of the dirty work. You’re the boss, after all—or you should be.

_____________________________________________________________________________________________________

As Startup Specialists we have used our knowledge and experience to set up a free portal of frank, accurate information. Do check out www.startupinthailand.com for more details on doing business in Thailand /Asia or for a free startup consultation.

Aditya Interactive is the only company in Thailand to provide a single window solution for all business startup and expansion requirements under one roof : Startup consulting | Market Entry | Legal | Serviced Office | Factory Setup | Representation | Recruitment |Accounting | Operations | Sourcing | Buying | Distribution | Marketing | Regional Business Development | Management.

Check out our Thailand Market Entry Services  and your business expansion options here.

Be equipped for doing business in Asia. Download our FREE e-Book on How to do Business in Asia

Author – Andy Aditya  |  Asian Director 

startupinthailand.com | Adityainteractive.com

 

 

The post How to Ensure that You Hire the Right Resource at the Right Time appeared first on Startup in Thailand.

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