It’s not that simple — There were times when we had enough money, and the biggest challenge was finding the right people to hire. But that’s a later phase. …

From cost factor to lifesaver — Frankly speaking, lawyers can be of great help in many aspects. They minimize risks and know the technical terms to create a stable business and reliable relationships with customers and vendors. For underfunded startups, some legal fees are unavoidable, and some can hurt. Typically, both are the same thing. If…

Managing the shortage of money and time in a startup — How can a person who is unwilling to start a business and afraid of the risk become a fairly successful serial entrepreneur? It’s not impossible, and it’s my story — a learning journey. This is the first article in a series in which I will share my experiences. …

The first part has shown what artificial intelligence like ChatGPT, Bard, LLaMA and others can do in the early stages of innovation. Now we will look at the next steps. Still, note the caveats! User testing Every new release of a prototype should be tested thoroughly with real users to gain feedback…

Artificial Intelligence, like ChatGPT, Bard, LLaMA and other tools can support innovation, but they won’t replace human innovators. Note the caveats! This is part of my own story. I’ve started a few software-based companies and worked as an innovation consultant. All of that was satisfying. Then GPT came along. A…

Huge business opportunities arise with Large Language Models, and the risks are still underestimated. It’s a question of strategy. The battle has just begun. In November 2022, OpenAI launched its new Large Language Model (LLM) GPT 3.5 and its more popular extension ChatGPT. On January 23, 2023, Microsoft announced an…

The underestimated factor: Similarity Have you ever felt safe in a foreign country when meeting someone who not only speaks your language but also with your regional accent? Did you ever search proximity to people dressed up in your style rather than to people visibly from different social backgrounds? …

The building blocks In the last article of this series, I have pointed out some misconceptions about trust. Now, let’s look at which cornerstones are needed to establish trust. I will give you a rough overview and dive deeper into specific topics later. Let’s start with a statement that might disillusion people who…

7 Misconceptions about trust in business More than ever, trust is an essential component of any business. When trust is established, people decide faster, relationships are more robust, and customers are usually inclined to pay more. Probably every company strives to establish trust. But which is the best way? …