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Your Guide to Gaining a Competitive Edge and Succeeding as an Entrepreneur Over the Next 5 Years
As an entrepreneur, you must stay ahead and anticipate the future. To do this, you must refine your current skills and understand successful business practices while sharpening the most important skills you should master in the next five years.From recognizing potential opportunities to adapting quickly to change and maximizing resources for growth, you'll be better equipped to take your business…
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You Need an Advisory Team More Than Ever. Here’s Why — and How to Run One Effectively.
For founders, building the right team is critical to lasting success. But the right one isn't always what we assume it to be, and choosing wrong can prove detrimental at best to a start-up and ruinous at worst. In fact, in his 2021 Harvard Business Review article "Why Start-Ups Fail,"…
She Bootstrapped a Brand From Her Kitchen to 3,500 Walmarts
Katie Lefkowitz, founder and CEO of "superfood-infused" candy bar company Harken Sweets, was a self-proclaimed "Snickers fanatic" for most of her life. However, when health issues and a colon cancer scare "flipped world upside down," she started considering food as medicine — and experimenting with the concept in her kitchen."I…
When He Immigrated, Math Was the Only Language He Understood. Now He’s Built That Knowledge Into a Franchise Making $30 Million a Year.
Mo Khalil worked in sales, but he had the entrepreneurial bug. In 2003, he moved to Florida and opened a Verizon Wireless franchise, which he grew to multiple locations. But when his son was born, he says, "I started thinking about legacy and how much I loved kids." And he…
These 4 Insider Tips Are the Key to Securing Loyal Investors
A solid network of investors is indispensable for any entrepreneur. These connections can open doors and write checks for you when you need them the most. If you get it right, investors might even continue to back you far beyond your current venture. However, mastering investor relations is a complex…
How To Be Rich By 25, According to a 29-Year-Old Billionaire
Austin Russell is a Stanford University dropout who became the world's youngest self-made billionaire in 2020 at the age of 25 when his startup Luminar went public. Luminar creates sensing technology to help cars navigate their surroundings; Volvo, Toyota, and Mercedes-Benz use the sensors.Russell, now 29, spoke on the Masters…
Your Business Will Never Succeed If You Overlook This Key Step
If you hope to establish your startup in your industry, you must find a product-market fit.Product-market fit is the point where a product seamlessly aligns with the needs and desires of its target audience. Identifying, measuring, and adapting to achieve this fit in highly competitive markets can be the difference…
5 Lessons Learned From a 7-Figure Founder
Success doesn't happen by chance. Often, entrepreneurs wear many hats coupled with consistency, habits and strategic decisions. While founders usually find fulfillment in building a business from the ground up, the road to success can be challenging and full of hurdles. There will be moments of doubt, and you will…
These 2 Visas Can Open Doors for Global Entrepreneurs to Franchise in the U.S.
Consider the franchises you are most familiar with — maybe it's a local salon, nearby restaurant or home service business. They likely have easily recognizable names and branding that you can conjure without much effort. It's no wonder that 70 of the top 100 franchises are U.S.-based.As a business model,…
His High School Project Would Solve a Problem Worth Billions
In 2018, Vasya Tremsin, now COO of outdoor fire sensor company Torch Sensors, was a senior in high school when he saw a familiar but troubling sight on a drive back from Lake Tahoe: a "really big" California wildfire. "I thought to myself, Why does this happen over and over…
Mom’s Facebook Side Hustle Now Averages $14,000 a Month
This Side Hustle Spotlight Q&A features Heather Freeman. Her Facebook page Coffee. Mom. Repeat. boasts 850,000 followers and brings in six figures a year. Responses have been edited for length and clarity.Image Credit: Courtesy of Heather FreemanWhat was your day job (or other sources of income) when you started your…
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Creative Ways Startups Can Earn Funding in Tough Economic Times
In a declining economy, startups face an uphill battle when it comes to securing funding.…
I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
With all of the recent news about artificial intelligence (AI), it got me thinking about…
Ideas To Transform You From Good To Better To Best
A while back, I took a couple of my grandchildren on a tour of the…
5 Crucial Challenges Startups Must Overcome
Startups face numerous challenges on their journey to success, and failing to overcome any one…