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mentoring

Start your business idea with New Frontiers Phase 1 - Martina Goss

New Frontiers Phase 1: Start Your Business Off On The Right Foot

By New Frontiers blog
In this blog, former Programme Manager Martina Goss explains how to maximise the opportunities available to you on Phase 1 of New Frontiers. So you have the innovative business idea and received the good news that you have secured your place on Phase 1 of New Frontiers. Now the fun begins – it's time to start validating the commercial potential of your idea. But with so many things to do, how can you ensure that you maximise the use of your time on Phase 1 and ensure you are on the right track towards validating your idea to arrive at a go/no go decision? Here are some points to consider to help you stay focused on what matters most.   ...
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startups stand for something New Frontiers advice

Success in business: stand for something

By New Frontiers blog
John F Kennedy, Martin Luther King, Nelson Mandela and Mother Teresa stood for human rights and better life and living. So too have Padraig Pearse, Michael Collins, John Redmond, as well as thousands of other people who will never be acknowledged or achieve fame. It doesn’t matter if you are rich or poor, what religion you are or if you are of no religion, what political party you support, what football club you follow, what pop star you worship, what music you like, what clothes you wear or what beer you drink. However, it does matter that, as an adult, you stand for something. When you become an adult, you acquire extra legal responsibilities and social responsibilities. Everybody has moral...
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Choosing the right business mentor

By New Frontiers blog
For most start-ups, seeking out and gaining access to established entrepreneurs and senior industry leaders is a difficult and time-consuming process. Identifying the experience and expertise you would like in a business mentor, finding such a person, approaching them and then pitching you and your business in order to hook them is a real challenge. You need to be clear about the mentor experience and expertise that will most benefit your business at this time. Understanding this will drive the choice you make. Be familiar with your industry The more familiar you are with your industry, the more likely you are to understand the major players and the industry drivers. You may wish to be mentored by someone who has...
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Networking and support are keys to startup success

By New Frontiers blog
I had only ever worked in the hedge fund industry before launching my technology startup. The programme management solution I built, Gecko, was designed to help me run my consultancy firm by enabling me to manage dozens of client projects from a single user dashboard. I hadn’t planned for it to be a business in its own right, so I was fairly clueless about what running a tech firm was all about! How the journey started It was a chance encounter with the head of the DKIT Regional Development Centre, at the Digital Dundalk startup forum last February, that gave me the confidence to apply for a place on Phase 1 of the New Frontiers programme. It’s hard to believe that was less than a...
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Mentorship: aiding entrepreneurs on their startup journey

By New Frontiers blog
Mentorship is offered as part of the New Frontiers Programme to aid entrepreneurs through their startup journey. If used correctly, such a support mechanism can significantly accelerate this journey. Monitoring support, when incorporated within a business startup programme, can represent an efficient and effective supporting device that enhances the development, learning and performance of an entrepreneur. In simple terms, mentoring means ‘showing the ropes’ – a term derived from seafaring. The mentor, an experienced sailor, guides a new crew until they develop an understanding of how to work the complex system of raising and lowering sails in response to various weather conditions. This complex system can be equated to setting up a business, where the entrepreneur must respond to external...
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