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FROM LBS Admissions Blog: LGBT at LBS – webinar invitation |
London Business School is very proud of its reputation for diversity and inclusivity. The Out In Business (OiB) club at London Business School represents the lesbian, gay, bisexual and transgender community at the School. OiB is one of the strongest and most active clubs on campus and is a real tribute to the School’s diversity. […] Read the rest of this entry... |
FROM LBS Current Students Blog: #LifeAtBusinessSchool: How to Start a Successful Business (Intro) |
We all want our business HQ’s based in Silicon Valley or Wall Street, so I think it’s about time I talk about how one goes about starting from an idea and transforming that idea into a multi-million dollar business. As you can imagine, starting a multi-million dollar business is not easy, so I have divided this post into 4 parts: 1) How to start a successful business 2) How to come up with a multi-million dollar idea 3) How to convert my ideas into serious money 4) Going from £millions to £billions To answer the question “How do I start a successful business”, I will tell you how to start an unsuccessful business. Starting a successful business is simple- do the opposite. Next I will briefly talk about the best way to generate great ideas. This is where most people do well enough by themselves. We all come up with great ideas, but can we convert these into serious bucks? The most emphasised concept I have learned at business school is that a great idea doesn’t really mean anything. Great ideas have no basis unless you can capitalise on them and transform them into viable businesses. We address this in part 3. Finally once we have spoken about how to generate your initial £1m, the game begins. This is where people will see you making money and try to take your customers. In part 4, Going from $millions to $billions, we will talk about strategies adopted by players such as Apple and Google, that enable your company to remain competitive and invest in projects that will keep you ahead of the game, increase your market share, and grow your business. Part 1 will be out soon- follow me on social media and make sure you don’t miss it! Twitter: @umarahmed12 Instagram: @umarahmed122 YouTube: Coming Soon Official Website: www.umarahmed.com |
FROM LBS Current Students Blog: #LifeAtBusinessSchool: How to Start a Successful Business (Part 1) |
In order to talk about how to start a successful business, let’s look at how to start an unsuccessful business. The top 20 reasons why people fail is shown in the figure below- take a minute to look at it before we discuss. Surprise surprise. The number 1 reason why start-ups fail is because they do not listen to their customers. Rule number 1: Before you even start developing and putting loads of money into your product, get a cheap prototype/idea and ASK PEOPLE WHAT THEY THINK. Imagine you’re developing a first person shooting game. Go and ask people who play games like Call of Duty and Halo what they think of your idea. Don’t get feedback from Facebook friends whose favourite games are Pokemon and Mario Kart and think, well these people like it so I must be doing alright.. they are not your target customer! First, figure out WHO YOUR customer is, and second, LISTEN to them. If they think the game is rubbish, then its rubbish. It doesn’t matter how cool the graphics are or the whether or not you can drive spaceships or what have you. If the people you want to sell the game to are telling you it is rubbish, go back to the drawing board and pivot. Second, I won’t give an example of every mistake, but I will highlight some important points.
To conclude, the graph shows you how to start an unsuccessful business. Do the exact opposite of these mistakes, and you are well on track to starting a successful business. Stay tuned for part 2 where we talk about how to actually come up with the best business ideas. Twitter:@umarahmed12 Instagram:@umarahmed122 Youtube: Coming Soon Official Website: www.umarahmed.com |
FROM LBS Admissions Blog: Masters in Finance Online Information Session – Wednesday 4 March, 13.00-14.00 |
Join me at our next online session on Wednesday 4 March 13.00 – 14.00 (UK time) to learn how London Business School and the Masters in Finance programme can help you advance your career and achieve your goals. The session will start with a 30 minute presentation, followed by online Q+A. Our next On Campus session […] Read the rest of this entry... |
FROM LBS Admissions Blog: The value of GMAT and GRE in a classroom |
The GMAT and GRE tests can sometimes seem daunting, particularly when you’ve been out of education for a long time. As one of the only schools in the UK to still have a mandatory GMAT requirement for the programme, we are able to accurately measure the current academic ability of our students. We also use […] Read the rest of this entry... |
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R2 Decisions Are Coming Out - Join Chatrooms!
✅ Duke Fuqua : Mar 12, 2024
✅ UVA Darden : Mar 13, 2024 ✅ Dartmouth Tuck : Mar 14, 2024 ✅ Michigan Ross : Mar 15, 2024 ✅ IESE: Mar 15, 2024 ✅ Johnson (Cornell): Mar 15, 2024 ✅ Georgetown McDonough : Mar 18, 2024 ✅ Emory Goizueta : Mar 20, 2024 ✅ UT Austin McCombs : Mar 21, 2024 ✅ Chicago Booth : Mar 21, 2024 ✅ UC Berkeley Haas : Mar 21, 2024 ✅ UCLA Anderson : Mar 22, 2024 ✅ Yale SOM : Mar 26, 2024 ✅ Wharton : Mar 26, 2024 ✅ Kellogg : Mar 27, 2024 ✅ HBS : Mar 27, 2024 ✅ Stanford GSB : Mar 28, 2024 ✅ UW Foster : Mar 29, 2024 ✅ USC Marshall : Mar 31, 2024 ✅ MIT Sloan : Apr 5, 2024 ✅ Cornell Johnson : Apr 5, 2024
Tuck at Dartmouth
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