Arrange VC Funding:
Securing VC funding is critical to small business success. Venture capitalists not only pour money but offer mentorship. But in order to be a candidate for venture funding, your business needs to have a strong proposition.

The 2015 Product Hunt Singapore Meetup produced some innovative strategies for startup firms. One of these strategies was deliberately letting a product fail, only to identify its shortcomings. Small businesses can adopt the same approach when they seek VC funding.

Don’t expect the first VC firm to usher in all the money your business needs. Expect refusal instead. When your business’s candidacy is refused, identify the reasons that led to the candidacy being declined. Uniqueness is an important requirement. Make sure the product/service you are offering is not a copycat and a degree of innovation is involved.

Embrace Automation:
An entrepreneur can become wealthy in two ways – by making sky-high profit or by cutting down the business operating cost. The benefit of embracing automation is he doesn’t have to choose one. Automation ensures both. Automation lowers cost in more ways than one. Cloud-based application eliminates the need to have a physical office. If you find that extreme, at least you can hire staff from different parts of the world. It doesn’t end there. You can even eliminate the need to have and WiFi access point.

Automation fast tracks your marketing efforts. Despite a surge in adblocker usage, Ads are still the marketing driver. Automation brings entrepreneurs programmatic advertising, letting them zero in on the most targeted demographics and impress them with customized action statements.

‘Put simply, not embracing automation is a grave mistake for aspiring entrepreneur.’

Automation falsifies the adage that lowering cost and innovation don’t go hand in hand, ultimately benefiting startups.

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Overcoming Mobility Challenges:
Enterprise mobility is an umbrella term. It lists all the challenges that a wannabe entrepreneur is likely to face. Among the 7 key mobility challenges, I discussed earlier, small businesses are most ill-equipped for IoT and lead nurturing.
IoT technologies, especially machine-to-machine (M2M) solutions are quite expensive. So, small businesses have valid reasons for not adopting it. But the BYOD agenda can be a harbinger of IoT as different employees may bring different devices and syncing and integration between them may force the business owner to migrate to IPv6.

Harnessing automation helps in these areas, but here are two things that are even more important:
*.The entrepreneur’s willingness to set up a mobility-driven environment at work. A small business needs to have a vibrant atmosphere. Mobility ensures vibrance.
*.What’s even more important is an open environment where information are shared quickly among the employees, barring classified information about the company. Information sharing has its benefits and leads to entrepreneurial success.

You can adopt a mobile-first approach just in case you prioritize enterprise mobility.

Summing Up
Everyone dreams of becoming a successful entrepreneur. But very few actually put in the effort. Dreams turn into reality when one acts upon those dreams. The five tips discussed here makes the job a little bit easier.

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