5 Entrepreneurs On How They Pay It Forward

From sharing expertise, to investing in community projects and giving referrals, here’s how you can make a difference. February 10, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. The entrepreneurial journey is a chaotic one, regardless of how long you’ve been at it. It’s easy to get caught up on the tasks, goals, developments, and problems that arise. Daily struggles can morph into sleepless nights. But even when it feels like there’s never enough time to get everything done, it’s important to prioritize the practice of paying it forward.  Paying it forward is a twist on the idea of paying someone back. Instead of simply returning favors for good deeds done for you — balancing an endless checkbook of goodwill — paying it forward means doing a good deed for someone you don’t owe anything to. Selfless actions without expectation for “return on investment” can spark a train of kindness, social connections, […]

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How to Use Your Expertise to Start a Consulting Business

Turn your experience and expertise into a lucrative side hustle. January 28, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. We all reach a point in our careers when we start getting questions about our experience or expertise. Perhaps you’ve been asked if you can do someone a favor and “look something over.” Or maybe someone has even asked if they can pay you for a consulting session. Perhaps you tapped into a new way to create marketing campaigns or conduct market research that you know other people would want to know about. Whatever your expertise is, it’s likely you’ve felt the tug at one time or another to offer consulting services.  Here’s how to get started marketing your expertise to do just that. 1. Understand your unique expertise, then offer it for free. Of course, the first step to starting a consulting side hustle is to […]

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How Fintech Innovations are Eroding Banking’s Dominance

Cryptocurrency and peer-to-peer lending are helping upend norms in consumer finance. January 21, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. It’s an old adage: Dinosaurs don’t move fast enough, which gives agile creatures (or companies) an ability to survive and even thrive. Banks’s dominance over money is eroding. That may surprise traditionalists, given that financial services is the largest sector in the world and that big banks have powerful allies in politicians. However, technology and evolving paradigms are giving fintech ventures an edge when it comes to offering new financial products, services and practices that improve the customer experience.  There’s also the issue of trust. Just 41 percent of Americans trust banks, while 27 percent are angry about the economy, according to a 2018 joint survey by University of Chicago and Northwestern University. That’s creating a culture in Main Street that’s suspicious of Wall Street. Aside from mistrust, technological trends […]

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The Top 5 CBD Gummies on the Market Right Now

From flavor to function, we’ve got you covered. January 12, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Over the last few years, the usage of CBD has continued to increase. In fact, one in seven Americans reported that they use CBD-based products for therapeutic benefits. While there are many different ways that CBD can be ingested, candies and gummies have become some of the most popular products. After all, what’s easier (or tastier) than a chewy, fruity gummy? Whether you’re looking for a gift for your friend or are interested in CBD gummies for your own benefit, be aware that not all products are made equal. To save time and money, we’ve done all of the important research for you. Keep reading to learn about five of the best CBD gummies on the market right now. Related: CBD Gummies: The Good, the Bad and the Ugly. […]

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The Underrated Power of LinkedIn Content Creation

Six tips to gain visibility and create sales. January 6, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. If you haven’t started using LinkedIn to share content yet, it’s high time you get on board. The career-networking site has 303 million active monthly users, and it’s the number-one place for B2B content marketing, which means you simply can’t afford not to get that type of exposure.  Sure, it can seem challenging. With so many social-media profiles and so much to create on top of delivering for clients and customers, LinkedIn can feel like one more chore on the to-do list. Except it may be the most important “chore” you can do for your visibility and business.  Influencer and strategist Shay Rowbottom got her start on LinkedIn by creating content, and to date has made in excess of seven figures from publishing on the site. Now, she coaches clients in doing the same, helping […]

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4 Hot Tech Trends in Senior Care

As the elderly population grows, entrepreneurs can expand opportunities along with it. January 3, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. When most of us think about senior care, we think of retirement homes with yellowing wallpaper and a boxy television in the corner. However, 20 percent of the population will be represented by older adults by the year 2050, according to AARP. Senior care is a burgeoning market that is rife with new tech opportunities, especially since the assumption that the elderly don’t use technology is inaccurate. Digital innovation is indeed being embraced by the senior-caregiving community, and seniors themselves are using technology more and more. AARP likewise reports that 94 percent of people over the age of 50 use technology to keep in touch with loved ones, and 80 percent of people between the ages of 50 and 64 own and use smartphones. So […]

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4 Ways to Know If You’re Treating Your Company Like a Hobby or Like a Business

Do you simply have a hobby or are you truly running a business? Let’s find out. December 28, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. How are you showing up for your business? One of the most common pitfalls for entrepreneurs is treating their business as more of a hobby than an actual business. Of course, it’s great to enjoy the process of building and creating your startup, but oftentimes a mindset shift is necessary to step into the next phase of running a successful business. Treating it like a hobby, on the other hand, keeps things more stagnant.  Related: 10 Entrepreneurs Share How They Turned Their Hobbies Into Successful Careers As for how you know if you’re being a hobbyist about your business — well, it differs for every person. Here are seven telltale signs that you may need a shift in mindset in […]

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4 Must-Know Strategies for Selling Efficiently to Distributors

Want to scale your business? Get ready to make a case for its profit and potential. December 23, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. So, you’ve created a great product and you’re ready to scale. Whether you’re looking to land distribution with retailers or ambassadors, there’s one common need: to make sure who you’re selling to understands the incredible business opportunity that rests in working with you. To achieve this, they must believe they can easily sell your product to their own customers.  There are a number of reasons why it’s important to forge distribution relationships in order to scale, the first of which is visibility. If your product is on more shelves across the country or the world, your brand name becomes more recognizable. It also pays upfront when a distributor buys your product in bulk at a wholesale price. Plus, it simply […]

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Tech Entrepreneurs to Face More Regulatory Scrutiny in 2020

New Year, new obstacles for today’s innovators. December 11, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. When Facebook CEO Mark Zuckerberg testified before Congress last month, he claimed that Libra as a global currency would solve major problems including banking the unbanked, lowering the costs of international payments and speeding up transactions. However, most politicians in the U.S. and abroad are resisting Facebook’s proposed payment system, calling it a threat to national sovereignty, among other grievances. Only 17 percent of Americans trust the government in Washington, according to Pew Research Center. So who, in turn, do politicians (and their powerful lobbies) mistrust or oppose? Despite the benefits of their technology, the answer is disruptors and innovators. But the good news for compliance-minded entrepreneurs is that the Trump Administration has significantly deregulated the federal government, issuing 35-40 percent fewer new rules than its predecessors while eliminating decades-old regulations across industries. However, […]

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3 Ways Sophia Hutchins Disrupted An Age-Old Industry

The Gen-Z CEO of Lumasol shares how she broke through the sunscreen business. December 7, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. The most well-publicized startups these days are in the technology sector. In fact, recent economic studies show that U.S.-based tech startups grew by 47 percent in the last decade. It’s no surprise, then, that plenty of hopeful founders have jumped on this train, but the reality is that the industry you choose to disrupt may not define your company’s ultimate success. Sophia Hutchins decided to test this idea by founding Lumasol, a beauty and skincare company manufacturing namesake suncreen with a bit of a tech-savvy twist (its packaging prompts users about reapplications). I recently had the chance to chat with Hutchins, who shared three basic principles that helped get her company off the ground.  1. It’s not always about “sexy” industries. Industries are generally judged based on their popularity within media and […]

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Why Startup Entrepreneurs Need to Take Data Seriously In 2020

Using business intelligence data gives you a leg up on the competition. December 2, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Startup entrepreneurs face a world of opportunities. But they also face a large swath of challenges and a heavy amount of competition. It’s no surprise that data from Statistic Brain shows more than 50 percent of startups in the United States don’t last longer than four years. While there are many issues that can make or break the success of a startup, one area that is becomingly increasingly important for companies of all sizes is business intelligence. Today’s startup founders have access to a wide range of tools that offer historical and predictive data analyses to spur better decision making. Related: Good Decision Making Requires Good Data The problem, of course, is whether startup founders are willing to take advantage of these available resources. In reality, […]

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How To Stop Losing Your [email protected]#! and Become a Recovering Control Freak

Learning how to delegate and loosen your grip on control is key if you want to grow your business. November 27, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. When it comes to your business, it’s hard not to be a control freak — after all, running the business and the business’ success comes down to the decisions you make. In fact, relinquishing control is consistently considered one of the hardest challenges for entrepreneurs. However, the stress from the need to control can make it impossible for an entrepreneur to think straight, make creative decisions, or find mental wellness in their day-to-day.  Controlling business owners also struggle with delegating tasks to other team members, meaning there’s more on their plate than necessary. And usually, being a control freak and perfectionism go hand in hand. At a certain point, the perfectionism needs to be compromised so you can get your work […]

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How to Be an Entrepreneur and Have a Life!

Entrepreneurs are crazy busy, but pursuing your dream doesn’t have to mean ditching your friends and loved ones. November 18, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. When you’re starting, scaling, or simply running a business, it seldom feels like there are enough hours in a day. As a result, entrepreneurs quickly learn to adapt by sacrificing parts of their lives… and their social lives are often the first to go.  But, what are the costs of consistently abandoning a Friday night out with friends in favor of your work? It may seem like a smart time investment at the moment, but it may be harmful to your mental well being. A study from DePaul University found that the happiest people are those with strong social ties who engage in social events frequently.  Related: 50 Habits That Prove You Were Born to Be an Entrepreneur And nope, it doesn’t […]

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4 Principles That Helped a Former White House Official Make Cyber Security More Accessible

President George W. Bush’s one-time Chief Information Security Officer shares his tips for small-business growth. November 8, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. For the first time in history, the greatest threats to institutions and businesses alike are no longer physical. Instead, stealing client information or impairing an organization’s ability to operate is something that’s done predominantly online. With 43 percent of cyber attacks targeting small businesses — and an average of six months before they realize they’ve been compromised — cyber security is becoming more important than ever. But most small businesses don’t have the resources to implement robust protocols. Whether it involves how expensive it is to hire an in-house expert or the price of most outsourced services, access is typically the deal-breaker. Few people understand this conundrum better than Vince Crisler, who served as the White House Chief Information Security Officer (CISO) under […]

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4 Simple, Money-Making Opportunities for (Nervous) First-Time Investors

From real estate to retirement accounts, how to commit your cash without all the worry. November 1, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. To many, the word “investing” immediately conjures up images of major stock-market transactions. The very idea of trying to do Wall Street-style deals can be intimidating, to say the least, especially when you already have the other challenges and responsibilities of an entrepreneur on your plate. In reality, however, becoming a first-time investor doesn’t have to be so daunting. By taking advantage of the right investment opportunities — as laid out in the following four steps — you can generate real income without needing to become a financial expert. 1. Get started with low initial-investment mutual funds. Investing in a mutual fund allows first-time investors to diversify their stock-market risk by putting their money in a portfolio of various stocks and bonds. […]

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4 Secrets to Starting a Business and Scaling an Online Platform

The real work begins after you start your online business. November 1, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. These days, your online platform is crucial. Consumers trust brands more readily if they have an online presence, and per Vox, top tier influencers with substantial followings are now raking in a whopping $100,000 per sponsored post. Online platforms are as lucrative as they are important for customer engagement. And, believe it or not, they’re continuing to grow.  According to Brand Watch, even though there are 3.5 billion social media users in the world, another newcomer creates an account every 6.4 seconds. With almost everyone online — and with that number growing daily — the sheer potential of your online platform for building a business or sharing your message should not be taken lightly.  Related: 8 Crucial Steps You Need to Take Before Starting an Online Business But, there […]

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4 Big Benefits of Improved Employee Training

Attention to each individual’s development can mean big profits for your business. October 21, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Hiring the right employees to fill roles in your organization is a vital step, but finding a qualified candidate is only part of the equation. If you want to get great results from your employees, you must provide sufficient training. Even someone who seems to have all the right credentials may not live up to expectations if you don’t give them the tools they need to succeed. From outlining company procedures and policies to helping workers improve their individual skill sets, improved training can lead to dramatic results for your bottom line. When you put in the effort, you’ll see these (and more) outstanding results. 1. A quicker pathway to productivity. Starting a job with a new company, or even changing roles within the same […]

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7 Tips for Making 7 Figures Selling Online Courses

Passing along your knowledge can also be highly profitable. October 11, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Online courses have become an increasingly popular way to share expertise with an audience, and to get paid for what you have to say and teach. But the amount you can make selling online courses differs widely, depending on your price point and your audience.  The exciting part is the sheer potential of how much you can make — and we’re talking in terms of both impact and profit. Tony Delgado, founder of Disrupt and Disrupt Week Puerto Rico, shares that making your first million dollars gets a whole lot easier once you bring your product or service online. “Just do the math,” he says. “If 1,000 people buy your $1,000 course, you just made a million dollars overnight. All you really need to succeed is Wi-Fi and a dream.” Here are seven […]

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4 Foundational Networking Tips for Finding Your Tribe

You’ve got to cast the net wide if you want to narrow the field. October 7, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. Everything in life stems from relationships, and humans thrive on community. In an interview with the Scientific American, UCLA Social Cognitive Neuroscience Lab Director Matthew Lieberman shared that significant data has proven that humans suffer in the absence of social bonds. In recent years, the buzzword “tribe” has come to mean much more than its dictionary definition of a “human social group.” Rather, a “tribe” now encompasses one’s friends, family and peers. It’s a core tenet of who we are. Given that, here are four foundational networking tips for finding and building your tribe. Related: Building the Right Network for Your Business 1. Talk to everyone, everywhere. A foundational principle of many successful people is their desire to talk to everyone, no matter where they are. In […]

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3 Ways You’re Sabotaging Your Business (Without Even Knowing It)

Success truly is a state of mind. October 6, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Running a business is hard enough as it is. The statistics are well-known: According to a survey by the Small Business Administration, half of all businesses fail in the first five years. New businesses are fraught with the perils of cash flow and market forces. Whether you’re just starting out or you’ve been at it for a while, you have plenty of challenges on your hands. But what if you’re adding extra challenges when you don’t have to? You could be sabotaging your business without even realizing you’re doing it. And it starts in the same place you had the idea in the first place: your mind. Be mindful of these three pitfalls. 1. You fear change. The world is changing faster than it ever has. That seems like […]

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