Tag Archives: entrepreneurship

Uncommon Skills Every Entrepreneur Needs to Thrive | The Startup Magazine

No wonder, the demand to pursue entrepreneurship has been rising in recent years. Around 5.4 million new businesses have been registered in 2021. Besides, 78% of small businesses say that they are profitable. Although statistics show that about 20% of new businesses fail within the first two years, the desire to become a successful entrepreneur is increasing constantly.

However, there is no specific personality or demographic profile that makes a successful entrepreneur. Some of the entrepreneurship skills needed to succeed include basic money management skills, having a growth mindset, networking, etc. While these are common skills, let’s discuss some of the uncommon ones that not many entrepreneurs bother to develop.

  1. Adaptability

Adapting yourself to the constantly changing needs of the market is what makes an entrepreneur successful. Adaptability is an important feature that most business owners lack. Besides, it can lead to making unfavorable decisions for the business and might attract consequences.

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7 Things No One Tells You About Starting a Business | Entrepreneur

“You’re crazy!” “Are you sure?” “That’s going to be hard.” These are all things entrepreneurs hear when they talk about starting a business. The critics aren’t wrong; it is going to be hard, but that doesn’t have to stop you from being successful in your business. As long as you strategize, plan and read this article before starting a business, you’ll be well on your way. Here are seven tips that no one tells you before you start your business:

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Inflation’s Unexpected Dividend: More Entrepreneurs | Inc.com

Up to four million Latino workers are thinking about taking the entrepreneurship plunge to help cope with record-high inflation.

That’s according to a new reading of a December survey from QuickBooks, Intuit’s fintech software arm, which was collected as the nation’s inflation gauges were rapidly escalating. The survey suggests that 15 percent of Latino and Hispanic respondents expressed interest in becoming an entrepreneur in 2022. The U.S. Bureau of Labor Statistics estimates the number of Latino and Hispanic workers in the U.S. at 27.1 million.

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University entrepreneurship — without the university | TechCrunch

Across the country, university campuses are in limbo.

The California State University system has committed to online classes in Fall 2020. Northeastern University is reopening as normal. UT Austin is taking a hybrid approach: in-person classes until Thanksgiving break, then online classes during flu season.

This presents a special set of circumstances for university entrepreneurs. The traditional resources and networks are nonoperational. But time and focus, historically the most scarce resources for ambitious students, is now at an all-time high.

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Basics of Franchising | Getentrepreneurial.com

When entrepreneurs dream about their future, franchising is rarely the starting place for their fantasy. While it’s not always choice No. 1, the benefits of franchising make it an enticing career opportunity for entrepreneurs. With an established brand and support system, franchises offer franchisees a chance to taste running a business while also giving them significant help.

“A franchise is a business with training wheels,” said Tom Scarda, founder of The Franchise Academy, a podcast dedicated to franchising. “For a majority of franchisees, franchising has proven to be a viable way to become a business owner. For the most part, it offers the lowest risks and the highest level of support. Because a franchiser doesn’t succeed until the franchisees do, you’ll find a team of dedicated professionals willing and able to help you every step of the way, from site selection to employee hiring to grand opening.”

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How Entrepreneurship Can Help Millennials Build Wealth and Cut Student Debt | Inc.com

It’s a favored tradition amongst well-established generations to look at younger generations with contempt. People love to tease millennials — calling them lazy, entitled, and self-involved — but research by Boston Consulting Group shows that these stereotypes are unfounded.

Yes, there are generational differences — driven largely by technology and social trends — but millennials as a whole are ambitious and idealistic. Not only do they want to “make the world a better place,” but a new report by the Bureau of Labor Statistics shows that millennials work significantly more hours and have higher levels of education than previous generations.

Considering that education costs have risen 65 percent and food costs have increased 26 percent since 1996, it’s clear that the struggle is real. Many millennials live in survival mode, trying to keep up with basic expenses.

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Should You Start a Business Without a College Degree? | Business News Daily

Entrepreneurship can be a great way to financial freedom, but building a successful business takes a lot of time, hard work and perseverance. Many young workers are left wondering when they should start a business and what education is required to do so.

A college degree is not required to start a business, but it certainly helps. College not only teaches students educational topics that can be helpful in starting a business, but also soft skills, like how to be lifelong learners.

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5 Principles of Personal Growth that Every Entrepreneur Should Adopt | Getentrepreneurial

Entrepreneurship is about creating and growing a business, but don’t let that concept consume you. If you want to be an effective entrepreneur, boss, leader, teammate, and visionary, you can’t be content to only make changes and spark growth in your business—you have to make changes and spark growth in yourself as well.

Your personal growth is what’s going to equip you to carve a path to success:

  • You’ll gain knowledge to make better decisions.
  • You’ll develop skills to expand to new areas.
  • You’ll earn experience to apply different perspectives and engage your creativity.
  • You’ll transcend your business, so that when your business is sold (or when you depart some other way), you’ll be able to do even more in your next venture.

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The Almost Unbelievable Power of Your Belief System | Entrepreneur

beliefI was horsing around with my dog the other day — I promise this is an article on entrepreneurship — when something extraordinary happened.

We’d been playing tug-of-war with her red doggie blanket when, after 10 minutes of tugging, I finally managed to wrench the festering rag from her clenched, bulldog jowls. I flashed the blanket about like a torero, bowed, then I flipped it behind me and hid it on the small of my back.

Sugar searched frantically for a minute while I sniggered and snarked. Finally, my inner villain satisfied, I dropped her prize in plain view at my feet. Here’s where it gets weird.

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Are Millennials More Or Less Likely To Start Their Own Businesses? | Forbes

Are Millennials More or Less Likely to Start Their Own Businesses?

The millennial generation is shaping the modern workforce—whether you like it or not. They’ve been blamed for a host of problems, such as being too entitled and obsessed with social media, and credited with several positives, such as appreciating creativity and having higher moral values. But of course, all of this depends on who you ask—some people claim these traits are inherent in the millennial generation, while others assert that they’re attributable to the coincidental youth of this particular generation or exist purely as anecdotal evidence.

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