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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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‘Elevator Pitch’ Must-See: The Pizza Wallet
On the season 12 finale of Entrepreneur Elevator Pitch, contestants hoping to win game-changing funds for their businesses must prove to our elite panel of investors that they have what it takes to succeed — in 60 seconds or less.Related: 'Elevator Pitch' Meltdown: Watch the Moment That Broke This Entrepreneur's…
How an Ice Cream Truck Turned Into a Frozen Treat Empire
Van Leeuwen Ice Cream was born from an ice cream truck in New York City and has rapidly transformed from a humble truck into a household name based on its principles of using simple and high-quality ingredients. In this episode, co-founder and CEO Ben Van Leeuwen talked about his journey,…
How to Decide If It’s Time to Quit or Double Down on Your Business
Hi, I'm Dima, the bootstrapped solo founder of PitchBob — a tool designed to help aspiring entrepreneurs bring their ideas to life.I want to start with a disclaimer: My entrepreneurial journey isn't my first. I've had significant experience building businesses in the past, and my choices with PitchBob are deliberate.…
John’s Crazy Socks Hits Sales Milestone, World’s Largest Sock Co
John Cronin, a 28-year-old entrepreneur with Down Syndrome, started John's Crazy Socks in 2016. The Farmingdale, New York-based company now sells more than 4,000 different types of socks and has hit a major milestone: over two million orders fulfilled, per a report published Wednesday by the New York Post.The socks…
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…
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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…