When to Leave Your Job for Your Own Business

By Ilias Tsagklis Posted on June 12, 2017 No Comments

Going from employee to full time business owner might be one of the biggest moments in one’s life. Abandoning the illusory “safety” of a job in order to fully dedicate yourself to a project you have built from scratch is a huge decision and should be planned in a strategic …

Ideas, Concepts and this weird thing called Revenue

By Ilias Tsagklis Posted on June 5, 2017 No Comments

It’s no secret. Entrepreneurship has been in fashion for a while now. This has been facilitated by the proliferation of the internet, the explosion of successful companies coming out from Silicon Valley and other startup hubs, as well as the major changes happening in the way people work (shifting away …

A Peek at the Origins of my Business Journey (Part 2)

By Ilias Tsagklis Posted on May 29, 2017 No Comments

This is the second part of the interview I gave to Filina Georgiadou, a student of Business Administration in a local university. During the interview we talked about entrepreneurship, business, education and lots of other interesting topics (check out part 1 here). Ready to continue? Let’s kick it! Interview QnA …

A Peek at the Origins of my Business Journey (Part 1)

By Ilias Tsagklis Posted on May 22, 2017 No Comments

Recently, I was approached by Filina Georgiadou, a student of Business Administration in a local university, and was invited to an interview about entrepreneurship and the impact of education to it. Filina was seeking out young and successful entrepreneurs (it seems I am both!) in order to learn about their …

Cost of Capital: Cash vs. Debt vs. Equity

By Ilias Tsagklis Posted on May 15, 2017 No Comments

Capital is the lifeblood of business. Capital is absolutely crucial when it comes to running and scaling a business. But what really is it? What is Capital? Essentially, capital is the money or wealth needed to produce goods and services within your business. In the most fundamental terms, it is …

5 High-Risk Financial Gambles Most People Foolishly Accept

By Ilias Tsagklis Posted on May 8, 2017 2 Comments

Money seems to be the most emotionally loaded concept out there (perhaps second only to religion). And since people are emotionally driven creatures, with a few spikes of rationality here and there, it is only natural that their emotions are going to lead them to all kinds of financial mistakes …

What is Business Efficiency and Why it is a Matter of Life and Death for your Company

By Ilias Tsagklis Posted on May 1, 2017 No Comments

One of the most underappreciated concepts in business is that of business efficiency. In general, efficiency refers to the extent to which input towards a system is well used for an intended output. If you think in terms of a machine, you want to achieve the highest amount of output …

7 Things You Think Your Startup Needs But Really Doesn’t

By Ilias Tsagklis Posted on April 24, 2017 No Comments

Getting a startup business up and running is probably one of the hardest things you are ever going to do. Launching a business successfully and scaling it, are tasks incredibly difficult, and only accomplished by a select few. Most businesses fail and there is a reason: Starting a business is …

Revenue is Vanity. Profit is Sanity. Cash is Reality.

By Ilias Tsagklis Posted on April 17, 2017 No Comments

If its foundation is weak, will it be possible for a building to stand high? The answer, of course, is ‘No’. Yet so many business owners and aspiring entrepreneurs seem to be lacking on a fundamental piece of running a successful business, which is understanding the core mechanics of how …

15 Powerful Lessons from Hong Kong’s Richest Man Billionaire Li Ka-shing

By Ilias Tsagklis Posted on April 10, 2017 No Comments

People just love rags-to-riches stories, and this is an amazing one. As I have mentioned in the past, studying the lives of the ultra-successful people of the world is extremely inspirational and valuable. Whenever I have the chance to delve into the way of thinking of those people, I make …