Due to the increasing reach of the Internet, entrepreneurship is more accessible than ever before. Virtually anyone can start an online business; it is far cheaper than creating a brick-and-mortar company. However, the path toward starting an online business may not seem very clear. While many of the steps overlap…


Entrepreneurship is difficult, but you can make the process easier on yourself and increase your chances of success by learning from the mistakes that other people have already made. Often, novice entrepreneurs make the same mistakes. …


Success as an entrepreneur largely depends on your communication skills. In the beginning, you need to communicate effectively with potential investors and even people who might be interested in your product or service. …


When most people think about entrepreneurship, they think of making pitches, finding investors, and introducing innovative products to the market. While these elements are part of some forms of entrepreneurship, people are forgetting the more basic aspects of founding a business that all entrepreneurs must face.

One of the most…


Entrepreneurship is an extremely broad category, and investors want to bet their money on someone who not only understands this but embraces it. Your business plan needs to reflect the kind of entrepreneur that you are or plan to be, which in turn influences the later development of your idea.


As an entrepreneur, the success of your business depends largely on hiring the ideal candidates. However, the challenge does not end there; once you have assembled a team, you need to figure out how to manage them effectively. While entrepreneurs generally have one leadership style that they prefer, it is…


Entrepreneurship is a difficult path that requires a lot of self-discipline and self-directed learning. However, it can be difficult to find good resources for learning and answering questions.

Mentors are an excellent resource, but they are not always available and may not have insight into the particular issue at hand…


While many people enjoy the thought of working for themselves, the truth is that entrepreneurship is a lot of hard work that demands certain qualities from people. A great idea is a good start, but you need much more than that to get the company off the ground and help…


Entrepreneurship is extremely difficult, and even experienced founders do not know everything about starting a business. Excelling in the business world often means expanding your knowledge through trial and error, talking to people who have gone through similar experiences, or simply picking up a book on the topic.

While there…


One of the most important steps in starting a new business is finding a name for it. While choosing a name may be fun compared to the other challenges you face as an entrepreneur, it is also an extremely important step that should not be taken lightly. Your name needs…

Robin Stoby

Robin Stoby has been affiliated with the Guyana Bank for Trade and Industry Limited (GBTI) since 1991.

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