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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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This Is the True Cost of Free Work as an Entrepreneur
People enter entrepreneurship with the mindset that their creation will "change the world." The question is: What is the cost of changing the world, and more importantly, who pays?Even fictional heroes have to budget accordingly. There's a reason our most recognizable superheroes — the Tony Starks and Bruce Waynes of…
How to Add Hollywood-Quality Sound Design to Your Content
In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.)Please give us the elevator pitch of your business.I'm Orfeas Boteas, the founder and CEO of Krotos. Our…
How to Hire a Team That’s Built to Last
Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Done correctly, it will pay you back in peace of mind, confidence in your team and fewer barriers to profits.I'm sure you've heard it before: People can make…
This Side Hustle Is Helping Land-Owners Earn Up to $60,000 a Year
For most farmers, it's "damn near impossible" to make a living on the land, according to Matt Graham. His family has owned a 700-acre farm in Eagleville, Missouri, since 1886, but today he describes their small cattle and crop operation as a "full-time hobby."Graham says making a living from farming…
The 5 Things You Need to Consider Before Buying a Franchise
Congratulations, you've decided to build generational wealth by acquiring your first franchise business. In most categories, such as food service, retail, or medical services, you have more than one option for investing in a franchise. It's a lot easier to leave a bad job than the wrong franchise or a…
Self-Driving ‘Shops on Wheels’ Are Heading to Your Neighborhood
Entrepreneur Ventures is an early-stage venture capital firm partnered with Entrepreneur Media that is dedicated to backing passionate and innovative founders as early as day one. In this series, we are profiling the amazing entrepreneurs that Entrepreneur Ventures is working with to share their insights on building and growing a…
3 Ways to Find Your Ideal Franchise
The business school I attended had no classes on franchising and, 20 years later, still doesn't. Entrepreneurship classes, yes. Finance, of course. Real estate, yes. But nothing about franchising. There were a few case studies about franchising sprinkled through marketing courses, but that was it.It's a big miss. Franchising represents…
This Company Helps Grow Your Side Hustle and Pays You Along the Way
Stefan Gehrig's side hustle was doing well — and that became a dilemma.The Melbourne, Australia-based entrepreneur had started a gym bag brand called Knkg, also known as King Kong Apparel, in 2011. It began as a side hustle that scratched an entrepreneurial itch untouched by his academic day job, then…
A Dad’s Side Hustle Turned Full-Time Earns Nearly $2M a Year
This Side Hustle Spotlight Q&A features Alchemy Merch owner Greg Kerr, who was working as a musician when he started selling custom pins in 2015. Today, Alchemy Merch is a full-time business that creates custom products for companies including Apple, Nickelodeon, National Geographic, Nike and more, as well as independent…
4 Common Mistakes That Will Spell Doom Your Ecommerce Business
Today, you'll be hard-pressed to find someone who hasn't — at the very least — played with the idea of launching an ecommerce business. The U.S. is the global leader with an estimated 14 million ecommerce sites, and that number will only keep going up as selling online continues to…
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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…