Tag Archives: entrepreneurs

What is Risk Management and How do You Implement it? | The Startup Magazine

One of the most important parts of your strategy as an entrepreneur trader is your risk management. Entrepreneurs know all about risk. But many novice traders will initially focus on the impetus to enter a trade but will fail to focus on when to exit a trade. Similar to knowing when to sell your startup. Before you initiate any risk, you should go through several steps to determine the risk you will assume, and the potential reward that is associated with that risk. Your risk management should cover your long-term investment approach, each trading strategy as well as each trade you decide to execute on online trading.

Different Levels of Risk Management

Risk management is the process of determining how much capital you are willing to risk. The process starts with the amount of capital you are willing to invest in any asset. This could be on a house, for your college savings, your retirement, or for your discretionary trading. This part of risk management is referred to as asset allocation.

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6 Ways to Come Back From the Pandemic With a Stronger Team | Inc.com

The future of work arrived out of nowhere, on the back of a once-in-a-century pandemic. Team dynamics got challenged as members dealt with illness, trauma, and crisis. We’ve all been forced to rapidly and radically adapt to new working norms. The Ferrazzi Greenlight Research Institute has spent more than 15 years studying high-performing teams, but I’ve never seen entrepreneurs rise to the occasion as they have this year. When the crisis subsides, the temptation will be to turn back that progress and retreat into old behaviors. But entrepreneurs need to shift from overload to shared load, and to practices that can transform team performance to find unexpected growth–and lower unsuspected risk. Let’s not go back to work; let’s go forward.

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The Ultimate 3-Step Formula for Business Success | Entrepreneur

Thinking of starting a business? Theoretically, it isn’t all that difficult. The real trick is in making your business a successful one.

According to the Bureau of Labor Statistics, nearly 50 percent of businesses don’t make it to the five-year mark. Additionally, an estimated 90 percent of new startups fail. But why is that? The internet is chock full of checklists that promise to pave the way to success, but are they any good? Sure they are, but only to an extent.

While these checklists do an excellent job detailing what novice entrepreneurs need to know, they don’t necessarily provide any real guidance on what actually makes businesses successful. They don’t dive into the psychological hacks and meaningful acts that win hearts and make a lasting impact. They are simply task lists, which we all know are ultimately dry.

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Check Out These Podcasts to Keep Up With the Latest Business and Industry Trends | AllBusiness.com

Many entrepreneurs make a point of following the emerging trends within their industries. If you’re looking for something beyond traditional trade publications, there are a number of rich sources of information and discussions available, including industry-specific podcasts.

To help you learn about some of these resources, we asked a panel of Young Entrepreneur Council members the following question:

Q. What is one podcast or other resource you recommend entrepreneurs follow for industry insights? Why is this resource so valuable?

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8 Best Industries for Starting a Business in 2020 | Inc.com

When you’re considering starting your own business, one of the first questions to ask yourself is: Does my company fulfill an actual market need? Success as an entrepreneur requires bringing solutions to market, and too many startups today are really just solutions in search of a problem.

For aspiring entrepreneurs, Inc.’s 2020 Best Industries report, a list of the best industries for starting a business, serves as a roadmap for finding the most promising opportunities. Every year, we speak with industry experts and crunch the latest data to identify areas of the economy that are primed for new entrants. Read on to see which sectors are welcoming tomorrow’s fastest-growing startups.

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15 Companies Founded By Amazing Young Entrepreneurs | Business News Daily

You’ve heard about 30 under 30 lists (and other lists) that celebrate entrepreneurs under a certain age for achieving greatness. Did you ever imagine a list featuring entrepreneurs as young as nine years old?

Age doesn’t equal success, and no one knows that more than the young entrepreneurs on this list. They don’t need a driver’s license or high school diploma to transform their ideas into thriving businesses.

Here are 15 companies started by amazing young entrepreneurs.

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The Tale of the Vegan Plumber (and Other Successful Multi-Passionate Entrepreneurs) by Getentrepreneurial.com

Got a lot of ideas? Hate the idea of being put in a box? Horrified by the idea of being stuck doing just one thing forever?

Congratulations! You’re a creative person.

And you’re not alone. I’ve spent years working with tens of thousands of creatives, helping them to embrace their unique personalities to find success.

To help you do the same, let’s take a look at the following three areas:

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10 Creative Marketing Ideas to Build Your Business | AllBusiness.com

When entrepreneurs are first starting out, they usually are not thinking of “rocking the boat” when it comes to marketing. Yet a very creative promotion can work wonders for a new business, generating a positive buzz that will get it noticed.

To find out which approaches work best, we asked 10 entrepreneurs from YEC Next and Young Entrepreneur Council this question: Q: What is one out-of-the-box promotion that worked wonders for your fledgling business?

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13 Fatal Marketing Mistakes That Could Sink Your Business | AllBusiness.com

The right marketing strategies can elevate your brand and give your business positive attention and exposure, while the wrong ones can sink your company. To find out which strategies work—and the ones to avoid—we asked entrepreneurs from YEC Next and YEC this question:

Q: What common marketing strategies should entrepreneurs avoid and what should they be doing instead?

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Amina Oyagbola Explains the Value of Mentorship for Entrepreneurs | The Startup Magazine

Mentorship is crucial for all business owners, but it is doubly important for entrepreneurs. Entrepreneurs take on many more risks than other business owners and need innovative solutions to the problems of running a company. For new and existing entrepreneurs alike, it is vital to engage with a mentor. Amina Oyagbola details the reasons why entrepreneurs need mentorship and offers suggestions as to how a business person might find a mentor to turn to in times of need.

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