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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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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…
Nearly 50% of Parents Have Started Side Hustles: Survey
Side hustles are soaring as Americans take on second jobs to be able to afford the normal stuff.According to a new survey, one group in particular is feeling the crunch of rising inflation and home prices, and taking on extra work in response.Bankrate released its side hustle survey on Wednesday…
Is Franchising a Good Side Hustle? It Depends on These Things
In a professional landscape that places increasing value on gig work and side hustles, it's important to make sure that we are evaluating new ventures carefully before diving in. After all, there are only so many hours in a day, and entrepreneurs in particular must ensure their time is allocated…
26-Year-Old’s Side Hustle Hit $170k a Month — and I Tried It
Up until 2021, Stephen Alvarez, now 26, worked at a dental supply company and fueled his passion for cars in his spare time; he owned a couple of vehicles and drove for Uber to supplement his income. However, another lucrative side hustle caught his eye in 2018 — Turo, the…
Watch the Pitch That Landed $10K in 60 Seconds
This episode of Entrepreneur Elevator Pitch may be about child-centric products, but no one is kidding around when it comes to cash. Contestants came ready with serious pitches — and serious funding requests. Will anyone score the hundreds of thousands they're seeking to grow their business?There are many factors at…
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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…