My Growing Startup: Should I Monetize it or Keep it Free? (Infographic Inside)

It seems like a no-brainer for the rest of us, but some business owners – especially those establishing venture capital (VC)-backed tech startups – have strong preference toward growing user base by keeping their services free of charge. So, which strategy to adopt? Should I monetize my products/services or keep them free as long as I can? While growth and innovation are typically what VCs are looking for, my profit-oriented mind is always telling me that a business is a good business if it makes money.…

5 Penguin Behaviours Small Business Owners should Learn from

I like penguins. That’s partly why I name this business blog Biz Penguin. It’s a catchy name and I expect it to stick on your mind as a brand. Plus with our orange-themed front-end design instead of the typical penguins’ black-and-white, I expect this blog to confuse you a bit and at the same time getting our branding messages across 🙂 Jokes aside, I choose this blog’s name after the penguins because I have much respect to them: These flightless birds’ behaviours are superior among other birds.…

Top 20 Business Ideas to Start in 2013

In 2013, we need to start strong, at least for one, good reason: We need to carry on in our entrepreneurial journey. Entrepreneurship is all about progress, whether your business is thriving or dying. You need to do something, and there’s no better way to do so early than starting out a business! Now, before you kick off, you need a proper plan (I am a big believer of planning before you starting out, simply because I have limited resources to play around with!) And no plan is going to work without a good idea.…

Entrepreneurs: Don’t be Arrogant!

Making millions of dollars? Winning many awards? Doing things others can’t do? Yes, some of you would think that you have the right to brag about your achievements. However, be warned – someday, somehow, you will be caught off-guard; and when bad things happen while you are at the top (or at least you think you are at the top), it sucks big time. Arrogance will destroy you, eventually I was arrogant; I once the owner of two franchise units. I think I can play the franchising game.…

Business Ideas are Not Enough – Can You Turn Them into Reality?

When you are looking for business ideas and scouring the market for small business opportunities things can seem quite confusing. You have oodles of advice and basically very little direction about how to develop and build on those ideas. If you are looking for some tips on how to kickstart your startup then here’s where you’ll find them… There are literally thousands of ideas you can turn into a profitable small business. Now, the question you need to answer is this: Can YOU really turn one of the ideas into reality?…