Entrepreneurship

With this post I decided to cover the failures of IoT projects - inspiration for the post came when I stumbled on a list of failed IoT companies. According to Cisco’s survey nearly 75% of IoT projects fail - I believe the main reason why this figure is so high lies in the fact that at this moment IoT is still overhyped and almost everybody is trying to do something and get a chunk of that big opportunity. Anyhow, this number definitely should warn us that we have to be very realistic in self assessment but also in favor of…

When starting any IoT project with prospect of being successful, beside a bit of luck, you’ll need some essential resources, like proper skill set, time and money. In this post I’ll focus on where to get funding and some steps that I find important to consider. There are many ways of getting funding: equity crowdfundings,venture capital (VC), business angels, initial coin offerings (ICO) or you can just get a loan from some individual or a bank. One thing that you need to be aware, at the very beginning of your IoT entrepreneurial journey, is all the technical competencies you’ll need…

Introduction The book E myth revisited is another book about entrepreneurship that I am reviewing. I find this book a great asset for every aspiring entrepreneur. Since I myself do have some entrepreneurial experience I have found some of the advice logical, however someone with no such experience would find most of the concepts in the book very valuable. I would highly recommend reading this book to anyone trying to make his first entrepreneurial journey since trap in which lot of aspiring entrepreneurs fall into is definitely the idea to start your own business to work in it, when instead…