Cracking the code: Why scalable businesses attract investors
It seems that companies with a scalable business model have a never-sleeping growth engine, as if they've cracked the code to grow without the usual struggles and hiccups of stagnation. No wonder they fascinate everyone, from budding entrepreneurs to seasoned investors. In this blog post, we'll unravel what a scalable business model is, why it's a perfect match for venture capital, and share some scalable practices for any business.
Steering clear of 3 common pitfalls in data analysis
Data analysis has never been more powerful. With advancements in AI, data analysis can now be automated, effortlessly visualized, performed in real-time on large and complex datasets, and used to make future predictions. Through natural language processing, AI can now even interpret human language data, extracting valuable insights from textual data sources. However, even the most sophisticated machine learning algorithms require their users, humans, to have a basic understanding of data analysis to identify relevant data sources, prepare data, define and frame the right problem for AI to solve, evaluate the outputs of AI models, and, most importantly, make informed decisions based on AI insights.
Below, we explore three common pitfalls in data analysis that we have observed in our work with clients across various stages of business maturity, industries, and geographies. With so much potential at your fingertips, don’t let these pitfalls become your Achilles' heel.
Startup wars: the pitch deck awakens
In a galaxy not so far away, where Jedi-preneurs battle for funding, a common question arises: What should be included in a pitch deck? It's both a relevant question and a craft to learn. Let's start by debunking two main myths about pitch decks.
Firstly, you don’t need to be a Jedi Master of PowerPoint or design. The content is more important than the design. Granted, design matters, but your knowledge of the content and ability to answer potential investor questions is crucial. Secondly, every entrepreneur needs a pitch deck, no matter who funds their growth. The deck is primarily for you, the entrepreneur, and your team, to help you clearly and concisely formulate your venture ambitions, identify the necessary steps for realizing these ambitions, and communicate your plans to customers, teams, partners, and possibly investors.
5 tips on how to be more strategic at work
Strategic thinking is not limited to boardrooms or planning sessions. Instead, it should be applied by everyone at every level of the organization. And yet, what is it exactly, and how to find, exercise, and leverage this “muscle” within you?
Strategic thinking is an informed choice between various paths and options, based on an analysis of your context and resources. It is about being deliberate and thoughtful in your actions.
Here are five tips to help you get more strategic in your work.
What do management consultants actually do?
Have you ever wondered what management consultants, also known as strategy consultants, actually do? An image search might leave you chuckling at the parade of memes, buzzwords, and comical, yet “glamorous” clichés involving suits, airport lounges, and boardrooms. While these images are somewhat entertaining, they are actually misleading and don't help with understanding a consultant's trade. It's quite challenging to capture the versatility of the role and articulate it in a way that avoids confusion or raised eyebrows. In this blog post, two industry professionals will attempt to do so with the help of some metaphors.