Some say that entrepreneurshp is synonym with following your dream and passion. Entrepreneurs should therefore be risk-takers who believe in something and want to change the world and make things happen. And therefore they should quit their day job, take a risk and start bootstrapping in order to make their start-up successful. However there are other more moderate advisers who will tell you that moonlighting (keeping your day job and working part-time during your spare time for your business) is an even better idea for starters. So, which one will you take? Bootstrapping or moonlighting? This is definitely a tough question for most entrepreneurs in their early days. Here are some pros and cons for moonlighting.
Romanian 24-year-old entrepreneur, Emi Gal – the founder of the Seedcamp Week 2009 winner, Brainient – was featured in Financial Times in an article written by Bob Sherwood. Financial Times presents Brainient as a forefront of an emerging trend for young, ambitious entrepreneurs from Eastern Europe countries that choose more and more often to locate their start-up in the UK.
Promising EE start-ups are coming to London
The article‘s main goal is that of proving that more and more Eastern Europe startups are turning to United Kingdom in order to help their business grow faster and to have access to London’s network of investors and advisers. Alex van Someren, UKTI global entrepreneur programme dealmaker, stated for Financial times that “there is a notable pipeline of promising start-ups coming to London from countries such as Estonia, Poland, Hungary, Slovenia, Romania and Lithuania“. The article presents UK as a financial hub having a great concentration of financial expertise and institutional investors and as a great opportunity for technology startups in Eastern Europe.
So Financial Times seems to agree that Eastern Europe’s got web talent, right?!
If you just started up your business and have no initial funding other than your and your partners’ sweat equity and some investment from your family or friends, then you’re probably trying to build a business that pays for itself every day. You’re practically bootstrapping – starting up on a shoestring. In order to help you we’ve gathered a few expert advice from other successful entrepreneurs and have come up with a list of the most important 10 that we hope will prove useful for you.
Two heads are generally better than one. And three heads seems like an even better idea. Not to mention 4 or 5. When it comes to startups, partnering with another business/technology enthusiast such as yourself might seem like a must-do. However, a wrong decision in this department could cost you your start-up.
If we look on the bright side, business partnerships mean burden sharing, mutual support, companionship and problem sharing. It is something like a mix between a shoulder to cry on when things go wrong and someone to hug when things go right. On the dark side, it also means less autonomy, not being able to do what you want all the time, slower decision making and often fights about everything.
Conferences are what you make of them. They can be a total waste of time or they can open up a world of opportunities for business and personal development, learning and networking. In my opinion, all you actually need to do in order to make conference attending pay off is plan ahead a little bit. Here are some tips that I always try to apply and that generally help me accomplish my conference goals:
Bucharest, 27th of July 2010. Today the How To Web 2010 conference – the most important entrepreneurship and web technology event in Eastern Europe – was launched at the Bucharest Hubb. The conference will take place on the 3rd and 4th of November 2010 at the Intercontinental Hotel in Bucharest.
The website of the How To Web 2010 Conference was also launched today and it will soon contain all the necessary information regarding the conference, schedule, speakers and registration.