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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 Things No One Tells You About Entrepreneurship
Entrepreneurship is often glamorized as a thrilling, independent journey where success is just a great idea away. However, the reality is much more complex and demanding. Many aspiring entrepreneurs start their journey without understanding the harsh truths that await them. These are not the lessons you typically hear in business…
16-Year-Old’s Side Hustle Turned Full Business Earning $3.1M
This Side Hustle Spotlight Q&A features Evangelina Petrakis, 21, a New York-based influencer and founder of jewelry brand EP Jewels. Read on to see how she built her multimillion-dollar business.Image Credit: Courtesy of EP Jewels. Evangelina Petrakis.Related: This 79-Year-Old Retiree's Side Hustle Earns $4,000 a Month: 'I Work as Much…
NFL Running Back Latavius Murray Has a Game Plan for His Community
As an NFL running back, Latavius Murray has a particular knack for knowing when to charge full speed ahead and when to pivot to get the job done.For the past few years, Murray has taken the skills and mindset he acquired on the gridiron and applied them to a passion…
How Adaptability Can Make or Break Your Startup
One of the most valuable lessons for any entrepreneur is to expect the unexpected. The startup phase is often characterized by unpredictability, where market conditions, customer preferences, and even internal dynamics can shift rapidly. Embracing this uncertainty and being prepared to adapt is key to navigating the early stages of…
How I Teach Aspiring Entrepreneurs to Turn Failure Into Success
In the world of entrepreneurship, the startups that succeed get the lion's share of attention. But I argue that there's more to learn from failed ventures. Accepting failure and learning from it increases the chance of future success.My students at Babson College, where I am an associate professor of entrepreneurship,…
Marketplace Success Tips From ResortPass’s CEO
Starting an online marketplace — a platform that connects multiple buyers and sellers — has many advantages for entrepreneurs. They have low overhead costs and allow for scalability and global reach, among other plusses.But none of that can happen if you don't know how to operate and market your marketplace…
Smarties’ Co-President Ignored This ‘Bad’ Leadership Advice
Liz Dee, co-president of American candy company Smarties with her sister Jessica Dee Sawyer and cousin Sarah Dee, didn't always know she wanted to join the family business, which was founded by her grandfather Edward Dee in Bloomfield, New Jersey in 1949.However, Dee continued "responding to the call," working on…
Jaylen Brown On the Business Idea He Got From Kobe Bryant
How do you kickstart a new brand when you're up against deep-pocketed competitors?That's what Jaylen Brown is considering. NBA fans know him as this year's reigning Finals MVP, who just led the Boston Celtics to their 18th championship. But shoe dogs know him as a rebel — the star player…
How They Started a Multimillion-Dollar Brand and Side Hustle
This Side Hustle Spotlight Q&A features Aaron Luo, co-founder with Carmen Chen Wu of Caraa, a New York City-based handbag and accessory company founded in 2015 that's seen more than $50 million in total sales, and Mercado Famous, an artisanal Spanish charcuterie business founded in 2022, which surpassed $1 million…
How Starting Small and Scaling Slow Can Lead to Big Success
Startup culture has a fixation on size. Entrepreneurs talk endlessly about scaling; hiring fast and firing faster; sky-high valuations and massive amounts of venture capital. Smallness is associated with failure — or at least low ambition. After all, why would anyone shoot for small when they could go huge?The truth…
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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…