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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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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…
Football Veterans Create the First Officially Licensed NFL VR Game
The first live sports broadcast was a college baseball game between Princeton and Columbia, aired by NBC in 1939. No longer confined to the margins of newspapers or the fuzzy whispers of radio commentators, fans could now witness the pinnacle of athletic competition as if they were right there in…
‘Entrepreneur Elevator Pitch’ S12 E2: Dreams on the Line
Welcome to Entrepreneur Elevator Pitch, the heart-racing show in which contestants looking to uplift their lives must convince our board of elite investors that their dreams are worth making a reality — in only 60 seconds.In this episode, app makers, gaming founders and health entrepreneurs all step inside our elevator…
How to Build a Thriving Business Without Venture Capital
After recent conversations with Y Combinator alumni and other promising entrepreneurs, I hear many of them have no plans to raise venture capital — ever. While raising funds is often crucial, bootstrapping is an approach every entrepreneur should consider.Contrary to the "move fast and break things" mantra that echoes through…
Her Side Hustle Turned Into a Multimillion-Dollar Business
This Side Hustle Spotlight Q&A features Gara Post, co-founder and chief creative officer of The NOW Massage Boutique, which offers "affordable but elevated" massage experiences. Learn how the serial entrepreneur got her start with a different creative side hustle — then seized the opportunity to build a multimillion-dollar franchise. Responses…
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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…