Governance, Risk & Compliance Expert
With 20+ years of GRC expertise, I help firms navigate regulations and drive risk and compliance strategies. My background includes senior roles at top financial institutions like Credit Suisse and senior risk consultancy.
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Start-ups
Governance, Risk & Compliance Expert
I would recommend looking for funding by due contribution. Depending on which country you are in, there is partial financing or funding that does not have to be repaid. To do this, you need to be educated, and your idea (idea stage) should be well-developed. Your pitch slides should also contain all the relevant information. There is also certain early-stage and pre-seed financing from government agencies that includes favorable interest rates. In order to give you more information, further details are necessary. Foundations and trusts also have startup funding as part of their objectives. You can also check here and submit applications.
Fundraising
Governance, Risk & Compliance Expert
Nowadays, launching a product so that it becomes a self-seller is hardly possible anymore. I assume your product isn't a cheap one. Higher prices require a marketing strategy. From my own experience, I first had to position myself as an expert and build myself as a brand. I sell my expertise and experiences, which is somewhat different from your product. If you have enough followers on all the channels where your potential customers are, you can always put your product in focus. Before that, just circle around. If you are your brand, show the effect of your product, not the product itself. For example, show women with results due to your product. Make potential customers curious. Find test clients on the condition that they share their experiences. Eventually, you might find an influencer who helps you promote the product with an affiliate program, etc.
Travel Planning
Governance, Risk & Compliance Expert
I would recommend that you review existing travel websites and write down what you like and what you think is missing. When you have collected enough information and examples of websites that you like or fit into your concept, talk to web designers about what you would like to do differently. Web designers can then better imagine what ideas you have. You can also share your ideas yourself by drawing. Creating on your own is time-consuming and sometimes hopeless. I used to try it myself, but without programming knowledge or formatting experience, you end up ruining more than you do right. Even with Wix or similar tools or SaaS, it is impossible to create individual websites with very clear or creative content or web content. In some cases, you have to make major compromises.
SaaS
Governance, Risk & Compliance Expert
I exclude the geographical condition for the answer. To sell your services to potential customers, you must be clear about who your customers are according to your product, without delving deeper. Is your customer for your product a B2C or B2B customer? Once that is clear, you can determine what your customer is willing to pay by checking the price median for similar products in your target country or area. That gives you the price range. Then, consider why the customer should buy your product specifically. What differentiates your product from other providers, and why is yours better than the others? Write down all these points and put yourself in the customer's perspective to consider whether you would buy this product.
Education
Governance, Risk & Compliance Expert
Given your situation, weighing the benefits of the I.B. program against the challenges you're facing with the second language course is important. Here are some thoughts to consider: 1. Long-term Benefits: The I.B. program offers significant advantages regarding university acceptance and job opportunities. Consider how much these benefits align with your future goals and aspirations. 2. Current Well-being: Your mental and physical health are crucial. If the stress from this course affects your sleep, self-esteem, and overall well-being, it's important to address these issues. Chronic stress can have long-term negative effects. 3. Support Systems: Look for additional support, such as tutoring or study groups, to help with the second language. Sometimes, external help can make a big difference. 4. Teacher Communication: If possible, try to communicate with your teacher about your struggles. They might offer additional resources or adjustments to help you succeed. 5. Alternative Solutions: Since you can't change courses this year, focus on strategies to manage stress and improve your performance in the current class. Mindfulness, time management, and seeking help from peers or counselors can be beneficial. 6. Future Decisions: If the situation doesn't improve, consider discussing your options with a school counselor or advisor. They can provide guidance on whether continuing in the I.B. program is the best choice for you. Ultimately, your health and happiness are paramount. If the program's benefits don't outweigh the personal costs, it might be worth exploring other educational paths that align better with your well-being and goals.
Job search
Governance, Risk & Compliance Expert
These kinds of roles would provide valuable experience in evaluating potential business ideas, conducting market research, and analyzing financials. They would also offer exposure to various industries and startups, providing a well-rounded perspective on entrepreneurial ventures. Working in sales or marketing can also provide valuable skills for an aspiring entrepreneur. These roles require strong communication, networking, and strategic thinking abilities to build and grow a successful business. Furthermore, being immersed in a sales or marketing environment can give insight into customer behavior and preferences, which is crucial for developing innovative products or services. Consulting can also offer valuable experience for those looking to become entrepreneurs. Consultants work with various clients and industries, providing exposure to different business models and challenges. This allows individuals to develop problem-solving skills and gain insight into effective management strategies. Overall, while each of these positions can offer unique learning opportunities for someone interested in becoming an entrepreneur, I believe that working at a VC firm as an analyst would provide the most comprehensive and beneficial experience. However, in the end, individuals who aspire to become entrepreneurs need to adopt the mindset as if they are contemplating the idea of starting a startup or founding their own company. It is helpful to think like an entrepreneur, CEO, or other senior manager, asking questions, seeking mentorship, and participating in internship programs to learn everything possible about running a company. This need for expertise and knowledge should lead you to align with your interests and strengths in order to gain the necessary skills and experience to succeed as an entrepreneur.
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