Tag Archives: entrepreneur

The Worst Business Advice We’ve Ever Heard | AllBusiness.com

Business advice can come from anywhere, even from those who have never owned a business. But if you’re a new entrepreneur just starting out, you tend to soak up all the information that you can. The most significant problem is there’s no simple way to tell the lousy advice from the good advice. Sometimes experience is the only way to figure out the difference.

To share lessons they’ve learned in their business careers, 13 professionals from Young Entrepreneur Council reflect on the following question:

What’s the worst piece of business advice you’ve ever heard, and why was it so harmful?

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Don’t Make These 6 Mistakes When Starting a Business | AllBusiness.com

There are so many different articles on how to be successful when starting a business. Most of them, in my experience, are either too long or they are outdated. I am a millennial female entrepreneur—I don’t have the patience for lengthy documents and I think that most of what worked for a company that started 20 years ago is antiquated (sorry, but it’s true).

The biggest mistakes I made in starting my own company were not any of the things I could have read in one of those articles. In fact, they were random, big mistakes that have cost me a lot of time and money to correct.

So here it is, for all you nuevo go-getters out there, a short and not-so-sweet list of my six biggest mistakes when starting a business. Please don’t make them.

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What Does It Mean To Be An Entrepreneur? | Getentrepreneurial.com

What does it mean to be an entrepreneur? It’s more than being a business owner; it’s a perspective and a lifestyle.

Entrepreneur. Chart with keywords and icons

The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone willingly sets out on such a path.

Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition and fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace.

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What Does It Mean To Be An Entrepreneur? | Getentrepreneurial.com

What does it mean to be an entrepreneur? It’s more than being a business owner; it’s a perspective and a lifestyle.

The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone willingly sets out on such a path.

Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition and fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace.

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3 Ways You Can Level the Playing Field Against Big Business | Entrepreneur

Too many small businesses are stuck at the bottom of the economic mountain, watching in frustration as larger competitors hog the top, snagging resources and reaping the benefits.

Bigger companies can afford to use quantity discounts to undercut prices. Banks are happy to accept small-business deposits but don’t build strong relationships with credit and loans for their smaller customers.

Even programs marketed for small businesses, such as vendor finance programs and dynamic discounting programs, often benefit the large company that takes the discount. Even government help seems to favor the well-connected. Just see what happened with the Small Business Administration’s Paycheck Protection Program.

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How this family-run cider business is breaking even during a pandemic | CNN

Just surviving will be a huge success for most small businesses this year.

And few expect to break even given all that’s happened as a result of the coronavirus pandemic.

Yet Meriwether Cider in Boise, Idaho, is on track to meet that mark, thanks in large part to Covid-related federal assistance, according to Ann Leadbetter, who owns the business with her husband and two daughters.

Also helpful: Meriwether Cider makes money a few ways, so while some lines of revenue took a hit, others went up. Sales are down at its two sit-down venues — a cider house in downtown Boise and a smaller tap room at its bottling facility in nearby Garden City. So are its sales to bars and restaurants. But the company has made more from its distribution to grocery stores and the curbside pickup it now offers customers.

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CEO Secrets: The dads getting entrepreneurial in lockdown | BBC News

As part of our CEO Secrets series, which invites business leaders to share their advice, we are focusing on start-ups that have launched during lockdown. Each week we will look at a different type of entrepreneur. This week, we hear from fathers balancing a new business with childcare.

A consignment of 300kg of chocolate in an industrial container arrives at the house of Keith Tiplady, 35, in Leicester.

He moves hundreds of packs of pure chocolate pellets to a dedicated room in his house, where he also stores 1.5km of ribbon.

This is the “new normal” for Keith, who is now a chocolatier

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11 Steps to Validating Your Startup Idea | AllBusiness.com

Are you an entrepreneur who has tried out multiple business ideas, but hasn’t yet figured out the perfect idea for your new business? Well, you’re not alone. In fact, many startup founders experience a few failed products before finding success.

The best way to avoid falling into this trap is to launch an MVP (minimum viable product) that validates your startup idea before you put all of your time and energy into it. There are countless ways to launch a business MVP, so let’s go over the most important steps and what has worked for me in my business.

1. Let the idea find you, instead of forcing an idea

Many startup founders (and I’ve also made this mistake) approach finding a right startup idea the wrong way: they start from a blank slate. Then they try to come up with ideas that people may possibly find cool. They start with ideas rather than problems.

This is actually a backwards approach. Instead of trying to find a startup idea, you should instead look for problems that you might be having or problems that others are experiencing.

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What Drives Your Entrepreneurial Spirit? | Getentrepreneurial.com

Are you trying to find the inner drive and inspiration to become an entrepreneur? We surveyed over 1,200 American adults from diverse backgrounds all over the country, seeking to understand the factors that lead people to pursue their entrepreneurial goals.

Our big takeaway? It isn’t all about money, or success, or even business.

It’s this: If someone feels that their life has meaning, they’re more likely to become an entrepreneur.

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Small Business Owners: Don’t Overlook Your HR Strategy | AllBusiness.com

When you’re an entrepreneur, you generally need to understand every function of your company: operations, sales, marketing, finances, and human resources. Many business owners, however, only concentrate on departments that are directly linked to sales and increased ROI, and put human resources on the back burner.

However, by not making HR a critical department in your operation, you are sabotaging your company. This is not to say that a startup should immediately hire an HR coordinator, but if you run a small business, you need to be knowledgeable about HR. Implementing the following practices will put your organization in a stronger position for growth and financial success.

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