Startups and Self-Reliance: The Benefits of Bootstrapping
How the Geography of Startups and Innovation Is Changing
A prospective small business owner may get lost in the array of possible funding options: grants, bank loans, microloans, angel investors, venture capital, and crowdfunding.
And then there’s bootstrapping, in which entrepreneurs use their own funds to start a business. Whether it starts as a small side project or as a full-on endeavor, bootstrapping is the ultimate do-it-yourself approach. The entrepreneur takes on the full financial burden, and often puts early profits right back into the business.
Announced Changes v Implemented Changes UAE Business Licensing & Visas
We’re used to thinking of high-tech innovation and startups as generated and clustered predominantly in fertile U.S. ecosystems, such as Silicon Valley, Seattle, and New York. But as with so many aspects of American economic ingenuity, high-tech startups have now truly gone global. The past decade or so has seen the dramatic growth of startup ecosystems around the world, from Shanghai and Beijing, to Mumbai and Bangalore, to London, Berlin, Stockholm, Toronto and Tel Aviv. A number of U.S. cities continue to dominate the global landscape, including the San Francisco Bay Area, New York, Boston, and Los Angeles, but the rest of the world is gaining ground rapidly.
Why People Thrive in Coworking Spaces
We recently hosted a very special and successful breakfast networking event where James Swallow from PRO Partner Group gave a very informative presentation about the recent announcements around business licensing, company sponsorship, and other regulatory updates including the new Tajer Freelancer license and the announcement on the anticipated 100% Expat owned LLC license.
There seems to be something special about coworking spaces. As researchers who have, for years, studied how employees thrive, we were surprised to discover that people who belong to them report levels of thriving that approach an average of 6 on a 7-point scale. This is at least a point higher than the average for employees who do their jobs in regular offices, and something so unheard of that we had to look at the data again.