Discy Latest Questions

What is the process of creating an antibiotic food waste app.

  1. Hey Occam, this is an it-depends one. Why are you creating the antibiotic food waste app and for who are you creating the app for? Perhaps that is the most important question you got to ask yourself first, It will shape a lot. Work closely with a UI/UX agency to do an interactive prototype of the apRead more

    Hey Occam, this is an it-depends one. Why are you creating the antibiotic food waste app and for who are you creating the app for? Perhaps that is the most important question you got to ask yourself first, It will shape a lot. Work closely with a UI/UX agency to do an interactive prototype of the app, it would be easier to then move into development for the app.

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Meaning of entrepreneurship and it’s types

  1. Entrepreneurship is an activity of developing and setting up a business with financial risks. What is basically means is launching a new business. People who start new businesses are called entrepreneur. Entrepreneurship is classified into 4 main types. They are listed as below: 1. Small business enRead more

    Entrepreneurship is an activity of developing and setting up a business with financial risks.
    What is basically means is launching a new business. People who start new businesses are called entrepreneur.
    Entrepreneurship is classified into 4 main types. They are listed as below:
    1. Small business entrepreneurship: Examples of small businesses would be salon, grocery store, travel agency, etc. These businesses barely make profits. Main aim of small businesses is to make enough to be able to feed their families and keep the business going. These are non scalable type of business.
    2. Scalable startup entrepreneurship: These businesses are funded by venture capitalists. Scalable business is started with a view that it’s vision will one day change the world. Their aim is to discover a scalable repetitive business model. They employ some of the best minds in industry.
    3. Large company entrepreneurship: Large companies sustain through innovating new products around their core products that meet customer requirements. Examples of large companies would be Microsoft, Google, etc.
    4. Social entrepreneurship: It is a business in which entrepreneurs create products and services to solve social needs or problems. They may be non-profit, for profit or hybrid profit.
    You can read https://www.feedough.com/what-is-entrepreneurship-types-importance/ for more information.

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  1. Entrepreneurship is considered important in the modern world for the following reasons: 1. Job creation: When entrepreneurs come up with new business ventures, new employment opportunities are generated. Generation of new employment opportunities is important for the growth of individuals in any couRead more

    Entrepreneurship is considered important in the modern world for the following reasons:
    1. Job creation: When entrepreneurs come up with new business ventures, new employment opportunities are generated. Generation of new employment opportunities is important for the growth of individuals in any country.
    2. Inspire social development: Successful entrepreneurship ventures inspire social development. They invest in growing natural resources. They spend part of their income for social causes.
    3. Leads to economic development: Entrepreneurship is a source of income for the government. New business come up with new products and services which elevates the the demand for goods and services in the market.
    4. Individual growth: Being an entrepreneur enables you to think creatively and come up with innovative solutions for problems. This leads to individual growth.

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  1. Please find below list of 5 books that entrepreneurs must read: 1. "Think and Grow Rich” by Napoleon Hill 2. “True North” by Bill George and Peter Sims 3. "Rich Dad Poor Dad" by Robert Kiyosaki 4. “The Lean Startup” by Eric Ries 5. “Getting Things Done” by David Allen Here is blog post that lists 35Read more

    Please find below list of 5 books that entrepreneurs must read:
    1. “Think and Grow Rich” by Napoleon Hill
    2. “True North” by Bill George and Peter Sims
    3. “Rich Dad Poor Dad” by Robert Kiyosaki
    4. “The Lean Startup” by Eric Ries
    5. “Getting Things Done” by David Allen
    Here is blog post that lists 35 books that entrepreneurs should read: https://www.fundera.com/blog/best-books-for-entrepreneurs

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  1. Here is a list of 10 qualities that an entrepreneur can possess: 1. Self discipline is a basic requirement of an entrepreneur. It is only through self discipline that you can achieve your goals. 2. An entrepreneur should be passionate about the work that they are doing. 3. Integrity is a key qualityRead more

    Here is a list of 10 qualities that an entrepreneur can possess:
    1. Self discipline is a basic requirement of an entrepreneur. It is only through self discipline that you can achieve your goals.
    2. An entrepreneur should be passionate about the work that they are doing.
    3. Integrity is a key quality to keep the support of investors and team members.
    4. It is through persistence that you can build a successful business.
    5. An entrepreneur should be open minded and willing to accept feedback both positive and negative.
    6. If you are self confident about your business idea, you can pitch it with conviction to the investors.
    7. An entrepreneur is an initiator. Initiatives lead to new and unique business ideas.
    8. Creativity is another aspect to succeed as an entrepreneur.
    9. They should be good planners.
    10. Being optimistic is another critical quality of being an entrepreneur.

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  1. According to a definition: "An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future." In simple terms we can say that an intrapreneur is an employee of a company who is assigned with a task to develop a special project and is allowed toRead more

    According to a definition: “An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company’s future.” In simple terms we can say that an intrapreneur is an employee of a company who is assigned with a task to develop a special project and is allowed to take time to bring creative ideas and he has the freedom to build it just as an entrepreneur has. For doing this job he has access to the resources and capabilities of an established company.
    Overtime these intrapreneurs become the company’s executive leaders if they are able to establish themselves well enough.

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  1. Going by a definition: "An intrapreneurship creates an entrepreneurial environment by allowing employees to use their entrepreneurial skills for the benefit of both the company and the employee. It gives employees the freedom to experiment, as well as the potential for growth within an organization.Read more

    Going by a definition: “An intrapreneurship creates an entrepreneurial environment by allowing employees to use their entrepreneurial skills for the benefit of both the company and the employee. It gives employees the freedom to experiment, as well as the potential for growth within an organization.”
    We can say that intrapreneurship is a system developed in an already well established company in order to get benefited by the idea of creating an entrepreneur within the company to work on a special project or an innovative idea. These intrapreneurs can also emerge as future leaders for the company.
    To get a better idea about it you may watch this video.

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  1. Hey janny, if you know the concept of intrapreneurship then you must be aware of the fact that there is no rule of thumb on how you can become an intrapreneur but surely there are some ways you can try out to get into intrapreneurship. Firstly, you need to study your company and get an understandingRead more

    Hey janny, if you know the concept of intrapreneurship then you must be aware of the fact that there is no rule of thumb on how you can become an intrapreneur but surely there are some ways you can try out to get into intrapreneurship. Firstly, you need to study your company and get an understanding about it. You should spend ample time researching a specific problem within your area of expertise so that you will have insight into what needs fixing. You shall also build your user knowledge and insider relationships to gain allies, resources and support for your ideas.
    Its important to take risks an do not fear failures. Experiment and keep exploring many different potential paths that are necessary to produce innovative breakthroughs. Become the problem solver for your company, you can proactively offer innovative ideas and ways to execute them, that will lead you to become a go-to resource inside your organization. Your empathy for different business needs will help lead to scalable outcomes and cement your success as an intrapreneur.

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I am bootstrapping my idea in the sphere of agricultural world and I am unable to decide my business model.plz somebody help me

  1. Hey Saurabh I'll be more than happy to guide you with a suitable business model. But before that I suggest you fill a value proposition canvas and business model canvas for your business. Here are the guides - https://www.feedough.com/business-model-canvas-explained/ https://www.feedough.com/value-pRead more

    Hey Saurabh

    I’ll be more than happy to guide you with a suitable business model. But before that I suggest you fill a value proposition canvas and business model canvas for your business.

    Here are the guides –

    https://www.feedough.com/business-model-canvas-explained/
    https://www.feedough.com/value-proposition-canvas/

    Once done, tell me about your offering here or in a personal message. I’ll be more than happy to help.

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  1. There is a fundamental difference between entrepreneur and intrapreneur, as very obviously an entrepreneur has his own business or what we refer to as startup while an intrapreneur works in an already well established company. This also intends that entrepreneurs have higher risks associated with thRead more

    There is a fundamental difference between entrepreneur and intrapreneur, as very obviously an entrepreneur has his own business or what we refer to as startup while an intrapreneur works in an already well established company. This also intends that entrepreneurs have higher risks associated with their business and intrapreneurs have similarly no to zero risk issues in this regard. The formers are the also the owners of the company. They are the most important people who envisions new opportunities, products, techniques and business lines and coordinates all the activities to make them real. On the other hand, an intrapreneur is an employee of the organization who is paid remuneration according to the success of the business unit. They also don’t have an access to take major decisions as he is only responsible for the job he is hired for. An entrepreneur’s job is intuitive as they work to create a leading position in the market, they raise their own capital and are independent unlike an intrapreneur who is dependent on the resources financed by the company.

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