Monday, 5 June 2017

Why Does Your Startup Need a Mastermind?


Every startup is like a baby that needs his mother’s help to get it in their feet and without the proper help they cannot possibly stand up on its ground.

Although every startup does have a proper and perfect plan, but still they need proper reformation on the same as being an entrepreneur takes determination, vision, sweat, courage and the ability to approach your industry in a new way. However, the best way to be able to tackle all of these things is to join what is commonly referred to as a mastermind. There are plenty of mastermind groups in Vancouver that can help your business grow to a great extent.

There are a lot of reasons why you should be hiring a mastermind group for your startup. Here are a few things –

1.    Becoming part of a mastermind allows for great networking opportunities. Those people can offer you advice, and can sometimes even help you connect with others who can make your business easier. When you find yourself stuck by an entrepreneurial roadblock, ask those who have made it past that roadblock how they did so. Some of the connections you make may also end up bringing in new business for you.

2.    The mastermind group works amazingly as a motivation for your startup. They can provide you great motivational and inspirational solutions for various issues and troubles. When something is new to the world, it needs proper guidance and the proper amount of care and this is the reason why you need someone to a keep a proper eye on the same. With the proper guidance of the mastermind group, the startup can grow better and better.

3.    The mastermind group is always there to provide you the right kind of expertise and the right kind of advice. As you are new, there might be possibilities where you may not be able to tackle tricky situations due to the lack of skills. Therefore, the mastermind group comes as a rescue with all the best advices and ways to get success.

4.    The mastermind groups usually provide you the best ways or the best structures to be successful for your startup. Those who set up a mastermind are typically successful mentors themselves. They learned what it takes to get there and stay there by trial and error. They can guide you past common roadblocks, and help you set yourself up to find the best opportunity for success.

Monday, 15 May 2017

Benefits of Hiring a Tech Incubator for your Tech Startup


When we are done with schooling, then college, some coaching for entrances, some jobs and then some people think of starting their own business without bothering for jobs that are sometimes not even meant for them. Business is a kind of a struggle that if one does it with discipline and dedication; they can achieve the heights of success, but on the other hand, if the business is somehow mishandled or not done wisely than it can lead to a huge amount of loss. And as the world is moving forward in a dramatic rate, there is not much time for all the business persons to look after their entire amount of things that are happening in their company. The world is moving forward with more startup companies. They are having the newest ideas, the newest technology and the newest minds to make their business work and succeed.

There are also a number of things to keep in mind when the people are opting for a tech startup. Startups are always clumsy if not planned well, and so are the tech startups. There will be a need of the incubators when they opt for a startup. Here, we shall discuss and see the various benefits of hiring a tech incubator for a tech startup company. This will definitely help those people who are thinking to start a business and are looking for a huge success.

What is a startup incubator? Well, a startup incubator is a collaborative program that is designed to help the new startups to succeed in their business. These incubators help the emerging entrepreneurs solve some of the problems that are associated with the running of a startup by providing a workspace, seed funding, mentoring and the basic trainings.

Let us look at some of the many benefits of hiring a tech incubator for a tech startup.

•    Provides an office space: It provides an office space with all the necessary office supplies to get the business running.

•    More opportunities: Funding and Investment opportunities increases from many different outlets. They help clients apply for the funding’s as required.

•    Much cheaper: They reduce the overall cost of launching and operating a startup by almost 40-50%, which is beneficial for the new comers in the business.

•    Ability to focus: As they will be providing mentors for the business startups to gloom, one can have the much needed focus and motivation from them whenever needed.

•    You can also have the leverage of getting Vancouver meeting rooms for investors with the help of tech incubators.

Wednesday, 19 April 2017

Various types of Branding Strategies


When you start your own business based on a particular product, say a mobile phone, the very first thing you do is – build brand equity. In order to build the brand equity, you use various kinds of branding strategies in marketing.

There are many ways you can build a good rapport of your product in the market. With the help of cross-channel marketing coupled with various marketing and branding tools your product will result in strong growth.

Here are a few types of branding strategies that will help you go there –

1.    Name brand recognition strategy – You might have seen big sign boards or hoardings bearing names of the product or the brand of the products. This is name brand recognition strategy. It can be names – logo—slogan—or different colors which depicts the brand particularly. The greatest examples are – KFC, Samsung, Apple, and Mercedes-Benz who use the name brand recognition strategy.

2.    Individual Branding –
There are a lot of companies; especially big companies who that produces one individual products that carry their own weight independent of the parent company. This strategy involves establishing the brand as a unique identity that is easily recognizable.

3.    Attitude Branding – There are a few products that sell because it has an attitude. These brands use various strategies that help them build an attitude and bring personality to the brand and make them look really amazing. The brand “Nike” is one of the best example in the same, which was awarded as the “World’s most valuable Brand in 2015”.

4.    Brand Extensions – There are a lot of brands who keeps extending the number of products under their labels; for example, the Victoria’s Secret lingerie group has now extended their brand to fragrances; and many other fashion brands keeps extending from just clothes to shoes, accessories, and such. This brand extension technique helps the brand to get more recognition and brand value.

5.    Co-Branding – When you are working alone, there are few times you may not be able to get much success; but if you merge with someone or some other company and apply the concept of co-branding, it can help you get more attention. For example, mini-marts attached to gas stations, banking facilities within grocery stores, and Laundromats attached to anything from bowling alleys to family entertainment centers. This branding falls in the “one-stop shopping” category. It helps you to get much more attention than you ever used to get.

Thursday, 30 March 2017

Take Help from the Incubator for These Reasons


Business incubators are like your guardian when you need to go through the first and the toughest phase of your startup. The incubator helps you in many ways. From finding investors to providing you guidance to become the best in the business, it does it all.

Business incubators have been on the field since a long time and you can actually see a lot of startups rowing with the help of the incubator. Here are a few practical reasons why you should take help form a business incubator –

1.    Helps you in planning – Before your startup is widely accepted, the incubator helps you in planning, testing and then provides you chance to grow your business. Before they test and plan it out for you, they won’t be signing any contracts with you as they only want projects which have the capacity to grow. This is the reason even when they don’t start working for you; they start working for you unofficially.

2.    The economic planning – Funds and investments are they key assets to your startup and without these you simply cannot do anything. An incubator can help you reach the investor’s meeting room as they can arrange the right investors for you. They have access to a lot of potential investors who are looking for good projects to invest.

3.    They do the mentoring part – A business incubator is like your mentor. They will provide you the right guidance when you need. They will let you know where to put the money, how to grow your business, the latest business strategies and many more. They have long work experience and market knowledge which helps you to grow.

4.    The Networking part – Business incubators have a wide range of networks of people. They know the right people to do business with, they know who the potential rivals for your startup are and they also know the strategies on how to beat them. These are a few things you may not have much idea about and that can harm your new startup to a great extent.

5.    Support services –
There are a few things you can take support from like making posters and banners for the upcoming events, or organizing events on your own.

6.    Access to lawyers – You will definitely need a lawyer for your firm for any kind of legal issues and the business incubators can help you with the best and the most trustworthy lawyers. This is very important for your startup.

Wednesday, 8 March 2017

Check Out These 5 Things First Before Hiring a Business Incubator

Business incubators are helping startups to grow since a long time and there is no doubt with the help of the right business incubators, the startups are reaching a great new level of success. But before you hire a business incubator to help you’re your startup grow, there are a few things you need to take care of –

  1. Your Research matters a lot – Before you hire any business incubators you must do a bit of research about them. Not all incubators are same. There are incubators for tech support, and then there are incubators for some other fields. For you as a startup company, it is important for you to understand the cost of the service, services offered. However, do not ever forget to look for the mentor, location and curriculum especially.
  2. Talk with People who Have Experience with Incubators – When you reach out to a particular incubator, they probably will list out the numbers of previous startup companies they have worked for. Take your time and try to discuss with them about the services they have offered. Take their feedbacks and ask them to rate their experience. This will really help you to make up your mind about the incubator service.
  3. Assemble a Strong Team – You might have a great business idea but if your team isn’t strong enough, the business incubator is likely to say NO to you. Honestly, they look for strong founders and strong team rather than the business idea. Most of the startups go through a refined process and turn out to be amazing business groups while they are under the surveillance of a business incubator. Although there might be transition involved, it is important for you to put right people on the right place in order to execute the right business strategy.
  4. The right Pitch – While you approach a business incubator, it is always important for you to prepare the right pitch to deliver. The fact with incubators are they want to work with companies which have a good chance of being successful in the future; not only because they hold n equity stake, but also because this one success is going to help in the near future. Incubators are only looking for people who are very much serious about their business; they need doers and people or founders who has the right kind of ability to execute the plans.

Hiring business incubators are a great thing you do for your business. “The Tribe Space” is a incubator for tech startups in Vancouver city, that supports startup and fledgling companies by providing a variety of resources and services meant to accelerate its development.

Sunday, 12 February 2017

Government Funding Help for Startup Organization

Searching for a credit for an organization? Opening an organization is really basic; however getting subsidizing can sporadically be difficult particularly in the current money related atmosphere. Businesses are the backbone of the country. In spite of the fact that there are numerous huge organizations, it's the little private organizations that profit and have a greater impact thus of their aggregate size.

The government funding agencies reported multi-billion dollar organizations reserve to help organizations in the country and give them significantly more access to credits. This subsidizing is being affected through an assortment of activities and organizations allow programs which have been made significantly more reachable to more organizations, despite the fact that the sum that every organization can get is restricted to a specific sum.

In case you're hoping to start a new business, even as an organization, there are a few choices which you can use for financing including numerous sorts of national government credits that can be allowed to you.

These key features incorporate comprehending what style of organization you happen to look in, having a completely clear thought of the measure of advances you will require and what you will get ready to spend it on, and also a repayment system, if you select a repayable credit rather than Government Grant.

Independent project credits are typically not free cash however, this is essential to note if you are assuming something else. You can likewise discover an assortment of credits and subsidizing through government financing sites like grants.gov. There are one of a kind credits for little area and uncommon intrigue activities.

Thursday, 1 December 2016

Tribe Space - Vancouver's Top Incubators for Tech Startups


An Incubator always play an important role to grow the business of new startup. Tribe Space are the Vancouver's top incubators, available for new tech startups in Gastown location. It is a hub for tech startups providing fund and connect you to the right investors. We are providing cool meeting space to your clients & investors with inspiring work-environment.