Entrepreneurship Honesty should be the cornerstone of your story We are suckers for great stories, particularly stories that are rooted in unvarnished truth, and entirely transparent and honest. It’s what gives storytelling such power, and the best companies are built on
Entrepreneurship Think like an entrepreneur What do you call those who bravely take calculated risks in pursuit of their passions? Entrepreneurs.Entrepreneurs are experts at making tough choices and managing change. They teach others how to take risks
Entrepreneurship Middle-aged founders are more successful The top 0.1% of startups based on growth in their first five years have founders that started their companies, on average, when they were 45 years old. In other words, when you
Entrepreneurship Determine if your business idea is any good When exploring a new business idea, it's hard not to grapple with one fundamental question: Is my idea worth pursuing? Your decision on whether to pursue the idea should be based on consideration
Entrepreneurship Make the most of investors Most companies see investor relations as a one-way street and few have a structure in place to best utilize investor feedback. Investors can be a powerful strategic resource, providing not only capital but
Entrepreneurship No. 1 rule of business is 'stay in business' The No. 1 rule of business is "stay in business," and running out of capital breaks that rule. Therefore, the most valuable person to have on a team, when starting or running an
Entrepreneurship Scale by doing things that don't scale The only way for a business to scale, is to first do things that don’t scale at all. So if you're an entrepreneur just starting out; stop thinking big, and start thinking
Entrepreneurship Persist thru fear of failure Fear of failure stalks the world of entrepreneurs, from losing customers to running out of money. For entrepreneurs, courage is not the absence of fear, but the ability to persist in spite of
Entrepreneurship Start-up success is about timing It's not the idea, plan, model, team, or money that's the most significant factor in a startup's success. A lot of it is in the timing: Are you personally ready? How is the
Entrepreneurship Definition of a great entrepreneur A great entrepreneur is what makes the difference between a business doomed to fail and a great one; but what qualities define a 'great entrepreneur'? Creativity: To deliver creative solutions to common problems.
Entrepreneurship Avoid sinking your business Business models have to be adaptable to survive, and sometimes changing course is necessary to avoid sinking your ship (business). Below are some things to think about: Be all in. To keep track
Entrepreneurship Want to start a business? What are you waiting for? When thinking about starting a business, an excellent place to start is to think about what you’re personally great at and what's easy for you. You’ll likely enjoy building a business
Entrepreneurship Lean start-up Launching a new business has always been a hit-or-miss proposition. Traditionally, you write a business plan, pitch it to investors, assemble a team, introduce a product, and start selling as hard as you
Entrepreneurship Balancing Planning vs. Doing When asked about an opponent’s plan for their impending fight, former world heavyweight champion Mike Tyson once said: “Everyone has a plan until they get punched in the mouth.” As entrepreneurs, we