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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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5 Strategies for Leaders to Future-Proof Their Workforce
The redefinition of the business sphere due to globalization, technological advancement and customer expectations, among other factors, calls for fast leaders' adaptation; otherwise, the company will fall apart even when it is at its peak.According to McKinsey's report, 87% of executives have or expect skill gaps within their workforce over…
8 Steps to Transform Your Failed Business Into a Success Story
No business owner wants to face failure, but sometimes despite their best efforts, a business model just does not work out as planned. Trust me, failure does not have to be the end of the road. With some determination and a willingness to think outside the box, it is possible…
Building a Business With Limited Resources? Here’s What You Need to Succeed.
One of the most famous quotes of Theodore Roosevelt, which stays relevant up to this day, is: "Do what you can, with what you have, where you are." It is very much a goal of all business people to work under ideal conditions and have all the resources that they…
She Launched Her Black-Owned Beauty Brand with $1,500 in Her Pockets — Now Her Products Are on Sephora’s Shelves.
"One of my earliest memories in the U.S. was that my mother banned beauty magazines in our home. She thought the language was too disparaging to women. She was right about that," says Karen Young, CEO of OUI the People. "My mother didn't want the world to decide who we…
Her Side Hustle as a Private Chef Earns Tens of Thousands
This Side Hustle Spotlight Q&A features Lauryn Bodden, founder of globally inspired noodle chip brand S'NOODS. Bodden has a side hustle working as a private chef with Sailing Collective. Responses have been edited for length and clarity.Image Credit: Nick Kova. S'NOODS founder Lauryn Bodden.You run your CPG business, S'NOODS, in…
Take These 5 Essential Steps Before You Sign a Franchise Agreement
I am a little skeptical about franchises. Don't get me wrong; I have seen many successes in franchising. However, as we all know, the world is not perfect, and before jumping into franchising, there are several items I recommend researching and considering.1. Visit existing locationsLet's start with the obvious regarding…
The 3 Biggest Mistakes I Made Starting a Business (and What I Learned From Them)
Any business owner knows that the first few years in business are far from… glamorous. (Read: running on caffeine, instant noodles, and the odd power nap.)Yet, amidst all the unpredictability of running a business, one thing is certain: You will make mistakes.But that's nothing to be scared about — mistakes…
Investor Questions Stump Founders on ‘Entrepreneur Elevator Pitch’
The show is Entrepreneur Elevator Pitch, and it challenges contestants to pitch their company to our board of investors during a 60-second ride to the boardroom. If the investors like what they hear, the elevator doors open, and the negotiations begin. If they don't like what they hear, the elevator…
She Started a Side Hustle to Help Her Small Business Succeed
At Yasmin Curtis's popular seafood restaurant Two Fish Crab Shack, it wasn't unusual for people to wait two and a half hours to indulge in à la carte-style seafood boils. The restaurant, which opened in 2016 in Chicago's Bronzeville neighborhood, was inspired by a crowd-pleasing seafood Fridays concept Curtis had…
How Much Small Businesses Pay Their Employees in Every State
Running a small business is never easy, especially during inflationary periods. In 2023, when the average rate of inflation was 4.1%, 35% of small businesses reported reducing staff as a result of increasing costs, according to a survey of 1,000 small business owners conducted by OnePoll on behalf of Melio.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…