While the world is in the crossroads between the 2nd and 3rd decade of the 21st century, a dogmatic change in the functioning of the
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Instead of herds of sheep that live for the moment, our economy needs entrepreneurs that work for the future. Although overused, this comparison is reality.
In the Philippines, the startup boom is catching up with the rest of the world. Just recently, the Department of Science and Technology (DOST) said it was seeking a ₱3 billion budget for the development of thousands of the country’s startups. But how does one know if a startup is on the right track during its early stages of growth? That’s where Product-market fit (PMF) comes in. While just one of the many factors that can really determine a startup’s success, PMF helps you avoid unnecessary spending and determines if your startup has what it takes to last in the market.
For startups, there’s more to come up with a set of core values than just jotting down positive words that seem good for the business. If you’re venturing into a startup business of your own, you should know that with every product or service purchased by a customer comes the potential that your brand’s core values can be endorsed to others. People will soon come to know what your brand is all about whether you prioritize social entrepreneurship or go for customer satisfaction and help them decide if they can place their loyalty on your brand or otherwise.
Imagine multiple cities across the nation, aiming to brainstorm solutions and create innovations that will help solve the world’s most pressing concerns. Now put digital transformation into the equation and you have yourself what today’s generation refers to as a “hackathon”. In the Philippines, Impact Hub Manila attempts to stage the biggest hackathon the country has ever seen.
Ever since the startup boom in the country during the early-2010s, more and more professionals now consider making the jump from the comforts of corporate life to a more challenging yet thriving one as digital nomads or freelancers in coworking spaces.
Yes, it is that time of the year again – Hackathon season is just around the corner. If you’re a first-timer, you would imagine hackathons as this exclusive event where programmers all bunch up against a computer with code running down like a waterfall, until they say “I’m in”. Sorry to burst your bubble but it’s not what hackathons are about!
Hackathons—an event where creativity, concepts, and crafts take place. But what have these events have in common? They’re actually where some great startups are born! Hackathons have led to the discovery of many successful business ideas and built some of the coolest applications of our time.
Many entrepreneurs believe that the concept of “Software as a Service” or SaaS emerged when most
software purchased by users from the market didn’t live up to expectations. These instances were very
prevalent from during the latter part of the previous century. Gone are the days when users had to
purchase CDs and install bits of software in the computer.
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