The Unconventional Way This Cloud-Based Startup Broke Into the Education SphereDespite uncertain times, the team at Top Hat knew they were onto something.

By火星说covery District

Opinions expressed by Entrepreneur contributors are their own.

In this latest video from Entrepreneur Network partner MaRS Discovery District, entrepreneur Mike Silagadze talks about making his career pivot. Top Hat helps instructors make their lessons active and engaging by selling its software to college administrators. The startup gathered market research by reaching out and visiting universities directly.

During a particularly trying time, the company was running the business off maxed-out cards and other forms of short-term credit. It was a time of trying to stay afloat by any means necessary. Eventually, the business found its footing -- but only by thinking outside the box.

From the experience, Silagadze explains that in order to overcome challenges, you have to be willing to change.

Click the video to hear more about Top Hat's entrepreneurial journey.

Related:How This CEO Went from Having Zero Industry Experience to Running Her Own Tech Startup

Entrepreneur Networkis a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of topYouTube channelsin the business vertical. Watch video from our network partners on demand onRoku,Apple TVand the Entrepreneur App available oniOSandAndroiddevices.

Click hereto become a part of this growing video network.

Wavy Line

火星说covery District is the world’s largest urban innovation hub. Located in the heart of Toronto, MaRS supports impact-driven startups tackling key societal challenges in the health, cleantech, fintech and enterprise sectors.

More from MaRS Discovery District

This Entrepreneur Didn't Pay Himself a Salary for 5 Years After He Started His Business

How This Founder Sold Investors on Her Company's Unconventional Technology

How Tech-Infused Clothing Has the Potential to Improve Personal Health

How 3 Words Helped Change This Man's Career

Editor's Pick

Related Topics

Business News

'This Is My Life Now': Man Hysterically Documents Elon Musk's 'X' Sign Blaring Flashing Lights Into His Bedroom Window

The sign, reportedly put up without a permit, is shining bright at X HQ in San Francisco.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Leadership

These Outdated Habits Are Leading to Workplace Inefficiencies And Taking a Toll on Your Productivity

No wonder companies are having trouble collaborating effectively digitally.