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…
In the fast-paced world of beauty, Glamnetic transformed a simple idea — better eyelash extensions — into a $50 million business in five years. Their success stemmed not only from an innovative product but also from their approach to customer engagement.For 25 years, I've worked on and helped build some…
This Side Hustle Spotlight Q&A features Melinda Spigel, the designer and founder behind the jewelry brand Melinda Maria. Nearly two decades ago, Spigel was hand-beading pieces at her local Starbucks and competing on game shows for seed money. Now, her side hustle turned full-time business sees multimillion-dollar sales each year,…
Starting a business can be risky, especially because half of them fail within the first five years.But Gary Vaynerchuk, CEO of VaynerMedia, a global company with over 1,200 employees, says that waiting to begin can be worse than failing. Vaynerchuk is a serial entrepreneur worth over $200 million who recently…
Reddit grew for nearly two decades before going public in March at around a $6.5 billion valuation. Though the social media forum site now boasts 91 million daily active users, its success was not a certainty. In fact, Reddit's co-founders were rejected by startup accelerator Y Combinator at the start…
This Side Hustle Spotlight Q&A features LeAnn Darland, 38, of Williamsburg, Brooklyn and Tara Hankinson, 37, of Bronxville, NY. Darland worked in finance operations at Google and Hankinson in customer experience strategy for The New York Times when they started the homebrewing side hustle that would become TALEA Beer Co.…
Ever since ChatGPT came on the scene, people have been eulogizing certain lines of work.Audrey Wisch had plenty of reason to be freaked out by these predictions. Her side hustle, which she'd dropped out of college to grow into a startup, was bemoaned as one of those "soon to be…
This Side Hustle Spotlight Q&A features 26-year-old Emely Cepeda, a Boston-based dental student who earns extra money with the online marketplace Taskrabbit. Responses have been edited for length and clarity. Image Credit: Courtesy of Emely CepedaWhat was your day job or primary occupation when you started your side hustle?I started…
Every year, thousands of new tech products are vying for consumers' and businesses' attention. Only 5% of them manage to launch successfully and attract loyal, long-term clients with a chance of becoming household brand names.Having an effective launch strategy, including a minimum viable product, can make the difference between a…
Anyone who knows me well will tell you that I could talk endlessly about hotels, travel and real estate. So when Hospitality FM invited me to create an original podcast focused on exactly that, I jumped at the chance. It wasn't until after I said yes that the enormity of…
Nearly every entrepreneur I know has already published a book, is currently writing one or is considering writing one.Before I published two books, I thought writing a book would be easy. I write fast, so I figured I'd just "bang something out" within a couple of months. Publishing two books…
In a declining economy, startups face an uphill battle when it comes to securing funding.…
With all of the recent news about artificial intelligence (AI), it got me thinking about…
A while back, I took a couple of my grandchildren on a tour of the…
Startups face numerous challenges on their journey to success, and failing to overcome any one…
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