Get All Access for $5/mo

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

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 Network is 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 top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

MaRS Discovery 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.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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

Side Hustle

This 20-Year-Old Student Started a Side Hustle With $400 — and It Earned $150,000 Over the Summer

Jacob Shaidle launched his barbecue cleaning business Shaidle Cleaning in 2021 when he was just 15.

Business News

Barbara Corcoran Says This Is the One Question to Ask Before Selling Your Home

Barbara Corcoran sold The Corcoran Group in 2001 for $66 million.

Business News

Mark Zuckerberg Is Now the World's Second Richest Person, Behind Elon Musk

Meta's CEO jumped ahead of Jeff Bezos in Bloomberg's rankings this week.

Business News

Meta Says Its New Movie Gen AI Is an Industry First — But a Demo Shows It Isn't Perfect

Movie Gen is too expensive to be released to the public yet, according to Meta's chief product officer.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.