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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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What to Consider Before Starting a Business
There is no such thing as the perfect time to start a business. I know. Growing up in a family business, I always thought I would love to own my own business, but I was waiting for the perfect time. Then, I got fired from my job in broadcasting and…
How Mindset Plays a Role in Your Entrepreneurial Success
When you consider the different factors that contribute to your success as an entrepreneur, mindset may not be the first thing that comes to mind. Mindset may not seem important as you move from task to task, but it has a significant impact on how you run your business.Successful entrepreneurs…
How to Boost Team Morale and Success Through Employee Recognition
The art of celebrating team milestones has evolved into a crucial leadership skill. A recent study by Nectar, an employee recognition software company, found that nearly 84% of employees say that recognition affects their motivation to succeed at work, and nearly eight in 10 people admit that they'd be more…
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…
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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…