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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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Here’s Why We Walked Away From Half of Our Customers — and How It Actually Helped Us Grow
Modern buyers, both retail consumers and businesses, are demanding more from the companies they're purchasing from. They want products built specifically for them from experts who understand their needs. On the business-to-business side, we call this verticalization. This is a trend that is exceptionally prevalent in software.Research by the Boston…
The U.S. States Where Small Businesses Thrive, Grow Rapidly
Millions of Americans are becoming entrepreneurs: The U.S. is averaging 430,000 new business applications per month in 2024, 50% more than in 2019, according to the U.S. Department of the Treasury.More than 40% of people followed their passion into entrepreneurship, while nearly 30% started their businesses to gain the flexibility…
I’ve Spent 37 Years in Business — Here’s How I Beat the Odds and Stayed Ahead
I have led a successful media production and communication consulting company for over three decades. That means I have beat the odds. According to the U.S. Bureau of Labor Statistics, "about 20% of new businesses fail in their first two years, 45% fail in their first five years, and 65%…
Side Hustle: She Made Over $300k in a Year Wrapping Gifts
When Michelle Hensley, now founder and CEO of luxury gift basket and wrapping company Nifty Package Co., lost her husband, a pastor, to cancer in 2014, she was 50 years old and "had a complete identity crisis," she says.Image Credit: Courtesy of Nifty Package Co.Hensley's husband had handled their finances…
5 Ways AI Can Accelerate Your Entrepreneurial Journey
In increasingly competitive markets, small business owners and founders must have an edge, and for many, it's their intellectual property (IP). Often considered your most valuable assets, your IP is your idea(s) and invention(s) in legally documented form.Your IP is pivotal to your founding and growth journey, allowing you to…
Closing Your Business? Do It Before the New Year to Save Money
In my business, I help others form business entities, such as LLCs or corporations. Less attention is typically paid to the un-forming of business entities. This is unfortunate — knowing the right way and the right time to dissolve a business can help you save a significant amount of money…
Friends’ ‘Scrappy’ Side Hustle Led to a $1 Million Product
Even though Liis co-founders Alissa Sullivan and Leslie Hendin grew up within minutes of each other in Marin County, California, they didn't meet until years later when a friend introduced them at a wedding in 2009. The duo immediately bonded over a mutual obsession: fragrance. "We both used to collect…
Success Isn’t About Having the Best Idea — It’s About Resilience
My company, Jotform, was not an overnight success. I didn't wake up one day to find myself the darling of TechCrunch or attract massive funding rounds from VCs ravenous to get in on the form-building action.I probably don't have to tell you that a form-builder is not the world's sexiest…
College Side Hustle Earned Over 6 Figures in Under 6 Months
This Side Hustle Spotlight Q&A features 24-year-old Francine Voit, co-founder with Nicola Buffo of Portland, Oregon-based pistachio spread company Pistakio. Learn how they started and grew their business to more than six figures in just six months. Responses have been edited for length and clarity.Related: At 24, She Was Fired…
The Most Important Part of Starting a Business: Daymond John
Daymond John is the founder of Fubu, a clothing brand he started in his mother's house in 1992 that has now sold over $6 billion worth of products. He has a net worth of around $350 million and has invested close to $9 million in emerging companies as an investor…
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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…