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Pivoting...Tech matching platform You’ve Got This! share how they changed their business model to adapt to the reality of Covid-19. "Pivoting is a common phrase used in the startup world. Agility is often at the forefront of an entrepreneur’s mind and is vital for success. This resonates more so now. In the face of Covid-19 many businesses are having to cut spending, while finding new...
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Big Issue Vendors to Sell Coffee Last week we took a look at some businesses which have claimed global dominance through major pivots in their business model.  This flexibility and adaptability is something which should be encouraged, not just within traditional businesses, but also within charitable organisations and social enterprises.   The Big Issue street newspaper is demonstratin...
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Startups nowadays just love to pivot. Some almost wear it as a badge of honour “We’re on our 4th pivot now” they will say, beaming with pride at their apparent resilience. And why not indeed? The nature of many modern businesses allows for significant shifts in business models without a complete dissolution and a parting of ways. Back in the day, the opportunities for businesses...
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One of the most intimidating things any startup will have to deal with is the abhorrent amount of non-sense jargon that is thrown about by the community of investors, clients and support websites. Without that business background, how are you supposed to know the difference between an angel investor and an invisible partner?Here at Startacus, we say enough is enough, and we're on a mission to hel...
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One year ago, we launched Empty Pocket Traders with the aim of bringing gourmet Fairtrade coffee to our customers’ door--through their letterboxes to be precise. It’s gone well in many respects but isn’t without its challenges, and those challenges have caused us to rethink our business model to some degree. Some of the issues: 1. Subscriptions--an innovative model when we launc...
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In part 3 of Vincent Haywood's Startup Diary Vincent Haywood talked about the tough decisions you have to make on how you continue to raise capital for your startup.In this week's Startup Diary Vincent returns after a troublesome few days of obstacles, freak-outs, pivoting, and hopeful solutions... "We hit our first major obstacle this week. Should have realised it earlier, but nop...
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Guest Writer, Cally Russell, Founder of new business startup Mallzee, talks to Startacus about his journey and the advantages of making mistakes and then learning...'Nothing is a more certain sign of insanity than to do the same thing over and over and expect the results to be different' – Einstein A fellow young entrepreneur tweeted this quote recently and it has been stuck in my head ever...
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