He began working in project-finance and merchant acquisition, negotiating with private individuals as well as legislative powers. Dealing with exploratory negotiations and investment banking for large firms provided the challenge he had been looking for, but it lacked a sense of purpose. He finally decided to concentrate his efforts on a worthier cause: Renewable Energy. 4 Years ago, he moved to Berlin and is now working on several Internet-based projects as well as financial advising. He is currently involved in counseling betahaus members in Berlin and Köln, concerning expansion financing and businessplan related subjects.
Interview by Lisa Hillers
There is a great deal of variables a fledgling startup has to deal with. Uncertainties, like timing and relevance of the business idea, the appeal of the solution to the customer, market awareness, availability of cash, the ability to make sufficient sales and a good many others can cause quite a headache sometimes-successfully launching a startup, whilst planning and managing all these challenges carefully, can prove to be a daunting task. Having someone by your side that helps you to keep track of the financial structuring can be invaluable at times.
What are the most important aspects you are trying to communicate in a counseling-session ? Is there something specific you would like to equip your client with?
There are three integral components of a start-up. The revenue-model, the organisational structure and the financial forecast. The business world is marked with uncertainties, so, realistically, these components are subjected to constant modification. In order to ensure that the business-plan can adjust to these changes, I created an Excel-Model that combines the three constituents and promptly adapts any transition. Thus, it is a lot easier to foresee potential financial outcomes and amend graphs.
At the same time, i wanted to create a user-friendly tool, that is easily understood, even without my guidance and intervention, I thereby hope to increase my clients flexibility. Also, my previous work experience gave me some valuable insight on what a certain investor might be looking for, so I try to give as much useful advice on how to approach potential investors, as possible.
What motivates you most about starting a new project?
What motivates me are the people and their ideas. I love the human component. Startups and their success are all about the people. It is important to understand their drives, what makes them tick and their ideas and visions on what they are doing. If you don´t get a feel for that, you will not be able to properly understand a startup.
What new developments do you see in the Co-working-world? How do you imagine bethaus in 2020?
Co-working will more and more be the standard for individuals and small startups. The real growth however might come if the corporate world embraces co-working. I guess that partially depends on the growth of employees working remote . That would be an exiting development.
Betahaus could be called an 'authentic' or 'unadjusted' early-stage co-working space. The challenge is to remain like that whilst still being profitable. That can only be done by maintaining but also improving its 'name' in the industry. Helpful would be some clear successes /stories that underline its value.
Speaking of co-working , how has the betahaus-experience been so far?
It has been very pleasant. The lack of hierarchy helps to create a very relaxed work environment and gives me space to breath. At the same time, it sometimes makes it harder to stay on top of things. That´s why, in order to remain determined, i try to maintain some sort of rhythm through creating a set, daily routine.
Thank you for your time.
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In the last few weeks the event spaces at betahaus | Neukölln were packed with cool events. We opened up the Hide-Out with BETAPITCH Berlin 2019 in the start of April. The hotly contested pitching event saw 12 startups reveal their visions for improving accessibility in public transport. Here’s a recap video from the event.
On 27th of April we celebrated 10 years in beta. For our coworking anniversary we transformed betahaus | Neukölln into a party venue and an art exhibition. Artists from our community filled The Basement with art, The Garden was full of fun activities and inside in The Club we had our favourite DJ's playing. In case you have missed it, here’s a recap video from the event.
We also welcomed the LongHash Crypto conference and enjoyed 3 days of workshops and panel discussions on all things blockchain. And speaking about conferences, our friends from GitHub also chose the betahaus | Neukölln spaces for the workshop day of their biggest event - The Satellite conference. More than 600 developers, executives, and industry leaders from around the world came to
After you’ve taken care of your paperwork and you’ve signed up both in Bürger- and Finanzamt, you are all set up to start working. One of the best ways to get integrated into the city fast, meet like-minded people, and even find clients is by working from a coworking space. There are tons of benefits for freelancers and luckily Berlin has a lot to offer in this way. A coworking space is a physically collaborative shared workspace, which brings all kinds of creatives and entrepreneurs together. It’s a perfect place for startups, freelancers, digital nomads and even corporates searching for innovation. And it’s the biggest advantage towards the typical office space is that it pushes a collaborative exchange between its members and facilitates the creative process and networking.