Succeeding Start-Ups. Enabling Entrepreneurs
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About BizzTalk World
Entrepreneurship is a philosophy that has been best described by the legendary co-founder of Apple Inc, Steve Jobs. Steve has been so darn right about this trait. For the few who have the spirit of entrepreneurship in their chromosomes are uniquely different from the rest. Thoroughbred and successful entrepreneurship is addictive, inspirational, and is highly contagious to the world. It starts with a concept and a bright idea to start a new business venture, a strong will, perseverance, hard work, ingenuity and a great instinct to sustain and excel.
All of that bundled into a box of passion and a belief in the self and optimism that despite the tough journey the pinnacle of success is achievable.
At BizzTalk.World we recognize these traits and are equally passionate about this philosophy. We have set up a format to bring together in unison all the best of the global entrepreneurs and start-up owners at a common 360-degree platform to learn, network, and grow together through Global Conferences, Recognitions, Web-Conferences, Magazine, Blogs, Vlogs and much more. We would be working with an assortment of vast business domains like Retail, E-Retail, and Marketing, Advertising, Education, Healthcare, Banking, Financial Services, Insurance along with other diverse fields from across the world.
BizzTalk.World has a pedigree of a team of an extremely talented group of professionals who have successfully established a start-up venture themselves - LexTalk World, on an equally progressive framework like the above-mentioned formats, however, focused on the International Legal Industry.
This initiative stands on a 360-degree media platform with Global Networking Summits, Awards & Recognitions, Web – Conferences, Digital Magazines, Blogs, and Vlogs. In 2021 December, BizzTalk will connect with more than 100,000 start-ups and entrepreneurs globally in Dubai, UAE, to create a global network of people and companies fuelled with the passion to build a better tomorrow.
Every great start-up begins with an idea but that idea is just not enough to build a successful commercial enterprise. BizzTalk will offer all of them through our Networking & Learning solutions platforms to connect, communicate, transact and grow together in a mutually enriching environment.
We believe firmly that 2021 will be a year of pragmatism, giving shape to newer business ideas, concepts and growth of existing start-up businesses through exchanging of ideas using networking and technology tools. All this will be done with an effort towards unshackling the bondages of last year where there were complete civil restrictions to contain the spread of the contagion from Coronavirus. And get into an action mode as the world opens up slowly but surely for a better future.
2021 will also be a year where we will act wisely and also put to use whatever we have learned in the year 2020 to make our businesses more resilient and more advanced with knowledge, wisdom, interpersonal connectivity to take on challenges head-on and grow together.
We will connect with 1000+ such businesses at BizzTalk World Conference in Dubai, UAE in the coming October to discuss ideas, concepts, experiences, expertise and proven frameworks. We will also look at the challenges, opportunities and scopes to change the world for good. The 2-day summit would be carried on at a serious note yet the air or ambiance would be relaxed in nature, facilitating an ideal platform to engage in business networking among the peer groups throughout different industries.
Key Startup Concepts & Practices
Startup & Standard Business
The key differentiating factor is the ability of a startup business to grow exponentially faster than a standard business and scale its operations quicker than the latter. In a startup, the financing may be done by infusion of external funds by VCs (Venture Capitalists) or by Angel Investors. This capital will help them to finance their operations and grow their business using a real scalability model, which is why we will not be able to see our local fish 'n' chips be categorized in the startup genre, as their objective is not to grow by leaps and bounds in a short period. Additionally, startups can be distinguished from a standard small business through the nature of their business. Startups often try and "disrupt" a pre-established industry by entering the market and shifting the fabric of the market (e.g. Uber disrupting the traditional taxi and transportation industry) but this may not apply to all startups.
Venture Capitalists, who are they?
VC's are private equity investment firms with a lot of disposable funds who are eager and always ready to finance a startup business. They will usually have a portfolio of investments in different startups that they believe have the highest growth potential. VCs provide working capital in exchange for startup 'equity' and they are primarily interested in the quick growth of the business to earn high profits. The possibility of investments by VCs always making it convenient for startup business owners to finance their operational costs and thus they are always trying to grab the attention of the potential VCs.
Equity is the 'stake' in the company, which refers to the volume of shares that a person or an entity owns in a company. The same shareholder can be an employee, or an investor, or a co-founder of the business that he or she is entitled to. When it comes to investments, startups are often given funding by an investor in exchange for equity of a company (as in they are given a stake in the company).
Angel Investor, who are they?
An angel investor is an individual who invests in a startup (as opposed to an investment firm) and provides financial backing to help the startup’s business operations. In return, just like a VC, the angel investor will likely be given equity of the startup. Often, an angel investor will use their own money to invest in a startup as opposed to a pooled source like that used by a VC. Angel investors can often come in the form of other entrepreneurs who’ve made it big and are using the money they’ve earned to finance other startups.
Accelerators & Incubators
Both often do the same things by providing guidance and opportunities to startup businesses, they also help the startups attract the attention of the top VC to fund them. In terms of Accelerators, their prime goal is to speed fast the growth mechanism of the business within a specific timeframe which can be anywhere from a few weeks to a few months. The startups are allowed to work with a group of mentors and a large network of other professionals and entrepreneurs. Additionally, accelerators provide startups with a small seed investment (an initial investment) in exchange for a small amount of equity.
On the other hand, incubators are focused more on "incubating" the ideas of the startup with the end goal of building up a workable business model. Incubators often focus more on assisting early-stage startups and often do not have a development program for startups. Unlike accelerators, it is uncommon for an incubator to have an application process but most of the time an incubator will focus on a specific market or type of startup (known as a vertical). Incubators can often be sponsored by companies, governments, or VC firms. Incubators often partner with a co-working space (essentially a shared office or working environment) and startups are required to move into the work environment provided by the incubator for the duration of their incubation.
It is a fancy term for individuals within corporate or other established companies (not a small-time startup) that drive innovation from within the company. Startups often try to “disrupt” an industry by changing the entire fabric of a market, and this can involve changing consumer habits or replacing companies who were once dominant in a market. In an age where the “disruption” of markets is all the rave, companies and large corporations have naturally felt threatened by nimble startups who can dethrone them with new technology and a focus on “innovation”. This is where “intrapreneurship” fits in. Intrapreneurship is the process of maintaining the competitiveness or dominance of a company (in the face of startups) by pursuing innovative products or services. Intrapreneurs are often given a great deal of freedom to experiment and grow their initiative within the company by channeling their creativity and resourcefulness. The goal is to revolutionize how the company executes its services or designs its products and essentially reinvent the wheel of the company so that the company maintains its position within its market or can capitalize on other markets.