Turn Your Business Plan Into Money!

Three things to know about writing your business plan. February 20, 2019 1 min read These tips, and many more, can be found in the best-selling book Start Your Own Business. Bankers, investors and VCs are sophisticated in financial matters, so avoid putting too much hype in your business plan. If it praises your idea as “unprecedented” or “the disruptor that will change the industry forever” you’re likely to turn serious investors off.  Spend extra time on your executive summary. Investors are busy! And if your summary is confusing, full of typos or worst of all, boring, they’ll likely move on to next pitch and toss your plan in the trash. Make sure your plan is complete! Entrepreneurs can be in such a rush to get funding that they submit condensed or preliminary plans. The problem is that this opens the door for investors to wonder if missing information even exists, and […]

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Childish Gambino Makes History and Amazon Makes a Run for It (60-Second Video)

Here are 3 things entrepreneurs should know today. February 11, 2019 1 min read History was made at last night’s Grammys. Childish Gambino’s “This Is America” was the first rap song to win awards for Song of the Year and Record of the Year. And Cardi B was the first solo woman to take home Rap Album of the Year. Amazon is thinking twice about its plan to bring HQ2 to New York City, according to the Washington Post. The plan, which would bring 25,000 jobs to the New York City, has been under attack from politicians after details surfaced of Amazon’s $3 billion tax break deal. Speaking of Amazon, a lawyer for American Media, publisher of the National Enquirer, went on ABC’s “This Week Sunday” and said that the publisher’s threat to expose Jeff Bezos’ nude selfies and bawdy text messages “absolutely is not extortion and not blackmail.” Um, […]

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3 Ways to Robot-Proof Your Job

Northeastern University president Joseph Aoun outlines a plan to save humanity’s role in the workplace. January 31, 2019 3 min read Whether you work behind a cash register or a laptop all day, for many of us, there is a growing dread that our industries — and our livelihoods — may be going the way of the wooly mammoth sooner than we’d like. Northeastern University president Joseph Aoun, author of Robot-Proof: Higher Education in the Age of Artificial Intelligence, warns that within the next two decades, 50 percent of the jobs we know in industrialized nations are going to disappear, and an even more staggering 70 percent of jobs in emerging economies will vanish. AI, robots and intelligent systems, it seems, are poised to make our lives easier and unemployment harder to avoid all at once. Related: What Every Entrepreneur Must Know About Artificial Intelligence Societies will face an enormous challenge in the […]

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Use This Secret Military Trick to Tell if Someone Is Lying

January 30, 2019 5 min read Former Green Beret Sergeant Major (Retired) Karl Erickson has faced all kinds of liars: combative locals who don’t want to tell you where the bad guys are hiding, friendly forces who exaggerate their capabilities to help, guys on your squad who don’t want to admit how badly they messed up, the list goes on and on. Over the course of his career, Erickson has learned a simple method, taught by John E. Reid and Associates, that anyone can use to help separate sniff out a liar whether they are going to war or hiring a new employee. Here are the steps: Forget what you’ve seen in the movies. “In the movies and TV, they always talk about the eyes. ‘If the guy looks upper right or upper left, they are lying.’ That might be true for some people, but what you have to remember is that […]

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Get America Paid Again and Tesla Goes to the Cops (60-Second Video)

Here are three things entrepreneurs should know today. January 28, 2019 1 min read Back to work! Or rather, back to getting paid to go to work. The government shut down is over—for now. And the first order of business? Getting checks to the 800,000 federal workers who went unpaid for 35 days. Former Starbucks CEO Howard Schultz told 60 Minutes that he’s exploring running for president as a “centrist independent,” saying both the Democrats and the Republicans are too wrapped up in “revenge politics.”  The Fremont, California police force, the hometown of Tesla’s factory, said it is now operating a modified Model S for patrol. The Model S goes 0-60 in 2.5 seconds, so good luck outrunning those speeding tickets. Watch the previous 3 Things to Know video: Elon Musk’s SpaceX Mars Rocket Topples Over Read_more Related posts: Google Fined $57 Million, Howard Schultz Exploring Presidential Run and Spotify’s ‘Mute […]

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Apple’s Darkest Day in the iPhone Era (60-Second Video)

Here are three things entrepreneurs should know today. January 9, 2019 1 min read Kikkei Asian Review reports that Apple is cutting production for new iPhones by about 10 percent, blaming weakness in the Chinese economy and Trump’s trade war. One analyst calls this, “Apple’s darkest day in the iPhone era.“ Axios reports that Amazon is quietly rolling out a program that allows brands pay to send free samples to consumers — based on what Amazon knows about your purchase and search history. Start searching for Porsches, people! Mark Zuckerberg posted his annual challenge to himself on Facebook. Previously he visited every state, read 25 books and learned Mandarin. This year Zuck plans to “Host a series of public discussions about the future of technology in society.” Maybe add learn to not drink water like a robot? Have a great day! Watch the previous 3 Things to Know video: Fiji Water Photobombs Golden Globes in […]

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Fiji Water Photobombs Golden Globes in Spectacular Fashion (60 Second Video)

Here are 3 things entrepreneurs should know today. January 7, 2019 1 min read Tesla goes to China. Elon Musk announced the kick off of construction on Tesla’s $2 billion Shanghai Gigafactory, which will begin manufacturing the Model 3 by the end of the year. Speaking of Mr. Musk, Japanese billionaire Yusaku Maezawa, who will be traveling around the Moon with Elon in 2023, can now add “most shared tweet of all time” to his impressive resume. After promising to dole out nearly $1 million to 100 people who follow his account and retweet his post, the tweet currently has 5.4 million retweets and 1.3 million likes. Who says you can’t buy love? The big winner at last night’s Golden Globes? Fiji water. During the red carpet portion of the show, a woman identified as model Kelleth Cuthbert and dubbed “The Fiji Water Girl” handed out the bottled beverage to […]

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Tiffany Haddish Bombed Onstage and Gave Us All a Great Lesson in Dealing With Failure

The comedian’s jokes might have flopped, but her response was pitch perfect. January 2, 2019 3 min read There is some debate over who actually uttered the famous phrase, “Dying is easy, comedy is hard,” but there is little debate that actor/comedian Tiffany Haddish learned it the hard way while performing on stage on New Year’s Eve. Shortly after taking the stage at the James L. Knight Center in Miami, the star of Girls Trip and a ton of other comedies spoke about partying until the wee hours of the night/morning before, and then, according to those in attendance, forgot her material and stumbled through the rest of her set as audience members booed and headed for the exit. Haddish was well-aware that things weren’t going swimmingly, and was quoted saying, “This is gonna be on TMZ or whatever like ‘Tiffany Haddish Ate a Bag of Dicks on New Year’s […]

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These High School Best Friends Achieved Their Dream of Being Their Own Bosses. Their Next Step? Starting a Wellness Revolution.

Entrepreneurship involves a lot of blood, sweat and tears — especially when your business is designed to make people sweat. December 27, 2018 5 min read In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.) Who are you and what’s your business? Cynthia Calamari: We are the co-owners of MF3, a Lagree Fitness Megaformer studio located in Larchmont, New York. We’re two best friends from high school who were looking to pursue our passion and start a local business that delivers wellness benefits to the community. Gabby Hajdok: We offer small group classes and one-on-one training on the Megaformer, which offers the most effective 50-minute low-intensity/high-impact workout out there. We plan to also offer health coaching, spiritual guidance coaching, meditation and massage to better serve our clients.   Related: This Facial Shop Focused on […]

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The 3 Biggest Franchise Food Stories of 2018 (60-Second Video)

Look back at the tastiest tales of the year. December 26, 2018 1 min read Chick-fil-A is taking flight! Despite controversies surrounding the company president’s anti-same-sex marriage beliefs and the resulting protests at college campuses, Chick-fil-A is poised to become the third-largest fast-food chain in America by sales in 2018, bumping down Subway. Americans are hungrier and lazier than ever, apparently. This year a major trend has seen the world’s biggest fast-food chains making home delivery partnerships with the likes of Uber Eats. Yahoo Finance reports that McDonald’s will end the year with more than 15,000 out of its 37,000 restaurants offering delivery.  The biggest news in chain restaurants is lasagna — if by big you mean calorie count. In a roundup of the most fattening regular item meals released in 2018, Redbook.com named Olive Garden‘s Lasagna Dip as the big daddy of them all with 1,890 calories and 124 grams of fat. […]

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Google Joins The Village People! (60-Second Video)

What entrepreneurs need to know today. December 17, 2018 1 min read Google is joining the Village People! The company announced plans to build a $1 billion campus in New York City’s West Village. Colin Kroll, the co-founder of HQ Trivia and Vine, was found dead in his New York City apartment. Police suspect a drug overdose. Kroll was 34. Merriam-Webster declared “justice” as the word of the year. Leave a comment and tell us what word best describes your business this year. Note: The only word starting with an F we’re accepting is “fantastic.” Watch the previous 3 Things to Know video: Apple Heads to Austin, Used Cars Go VR, and KFC Firelogs Are Here Read_more Related posts: Apple and Tesla Stocks Get Hit, China Lands on the Dark Side of the Moon, and Time to Ditch Your Smartphone? (60-Second Video) Rocket Launches Stalled, Carlton Sues ‘Fortnite’, and Prosecco Tops […]

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Big Business is Cashing In On the Cannabis-Fueled Green Rush

With projections in the billions, it shows no signs of slowing. December 11, 2018 5 min read “California presented to people a new model for the American dream — one where the emphasis was on the ability to take risks, the willingness to gamble on the future.” Historian H.W. Brands was referencing the California Gold Rush of the mid 1800s when he wrote these words, but he could have been writing about the Green Rush that is taking place right now. Like the Gold Rush, the Green Rush got its start in California, but instead of being a flash-in-the-pan industry, green is growing and spreading across the entire country like wildfire, and just getting bigger. It began in 1996, when the Golden State became the first to legalize medical marijuana in the U.S. Since then, 33 states and Washington, D.C., have followed, with ten of those giving the legal thumbs-up […]

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Nobody Silences Elon Musk and Apple’s Squid Has a Butt on Its Forehead (60-Second Video)

Here’s what entrepreneurs should know today. December 10, 2018 1 min read In a headline-making interview with 60 Minutes, Elon Musk explained that no one at Tesla censors or edits or approves his tweets, despite one of his tweets resulting in a $40 million settlement with the SEC earlier this year. He also made it clear that he “does not respect the SEC” and has only abided their ruling because he “respects the justice system.” Uber put the pedal to the metal to try to beat Lyft as the first ride-hailing app to go public, according to The Wall Street Journal. It is estimated that the two IPOs could raise billions for the two companies. This week, the Monterey Bay Aquarium tweeted that Apple’s squid emoji is anatomically incorrect. The emoji has a siphon between its eyes, but real siphons, which expel water and waste, are on squids’ backs. “It would […]

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The Power of Uncomfortable Conversations, According to Marketing Powerhouse Jenne Lombardo

The Make It Awards judge and marketing genius has some inside tips to inspire and fire entrepreneurs up. December 3, 2018 5 min read Could you use $30,000 to launch or grow your business? Yeah, we thought so, which is why we wanted to share application information for the second-annual Make It Awards, a program sponsored by the New York Knicks and Squarespace that will award four entrepreneurs with $30,000, publicity and guidance to help take their businesses to the next level. Interested? Apply here before the December 14 deadline. As applications roll in, Entrepreneur spoke with one of the judges, Jenne Lombardo, co-founder of MADE Fashion Week and founder of The Terminal Presents, about what she is looking for from contestants, and any advice she has for aspiring entrepreneurs. Lombardo has been called a “pint-size branding genius” by T Magazine, so pay attention here, folks.  Why was it important for you […]

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Cyber Monday Breaks the Internet (60-Second Video)

Here’s what entrepreneurs need to know today. November 26, 2018 1 min read Are you hard at work…making Cyber Monday purchases? Adobe Analytics predicts that today will be the largest online shopping day in US history, generating a massive $7.8 billion in sales. The largest facility in North America dedicated exclusively to esports opened in Arlington, TX this weekend, and hosted a sold-out Counter-Strike competition. Goldman Sachs expects the esports industry to reach $3 billion by 2022. The National Climate Assessment report was released over the weekend, detailing the effects of global warming on the United States economy and health. The report warns that climate change will do hundreds of billions of dollars of damage in coming decades.  Watch 3 Things to Know: Bitcoin Crashes, Selfishness Doesn’t Pay and NASA to Sell Seats Read_more Related posts: Cyber Monday and Black Friday Deals Going on Right Now! These 20 Online Course Bundles Are under $20 Each through Cyber Monday 5 Tips […]

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This Facial Shop Focused on Helping People Instead of Pushing Products — and Raised $8 Million in the Process

Heyday founders Adam Ross and Michael Pollak are on a mission to “take the facial out of the spa.” November 13, 2018 5 min read In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.) Who are you and what’s your business? AR: I’m Adam Ross and I am the co-founder and CEO of Heyday. We’re a facial shop that is looking to take the facial out of the spa and into people’s lives. We provide personalized facial services in three different treatment times (30, 50- and 75-minute treatments for $65, $95 and $140, respectively), and also sell a curated range of skincare products in our shops and via heydayskincare.com. MP: I’m Michael Pollak, and I’m a co-founder and Chief Experience Officer of Heyday. Beyond the facial, we’ve created a place […]

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20 Things Military Veteran Entrepreneurs Know About Risk That You Can Use Every Day

20 Things Military Veteran Entrepreneurs Know About Risk That You Can Use Every Day “My military background taught me how to create a successful team by surrounding myself with smart people. It’s important to know your strengths and weaknesses and to put people around you who have shared values and who can do the things you’re not good at. I don’t want to be the weakest link in the chain! “I would add that being part of a team is to expect to learn from everybody. I was 21 years old and had just graduated from the U.S. Naval Academy. I was sent to my first squadron as a division officer. In that role, I was in charge of leading 10 people who were 10 to 15 years older than me and who knew a lot more than I did. I walked in and said if you want me to […]

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(60-Second Video) Elon Musk, Warren Buffett and Midterm Election Mega Billions!

Here are three things entrepreneurs should know today. November 5, 2018 1 min read Elon Musk says Apple doesn’t pass the yawn test anymore. In an interview with Recode, he said that yes, Apple still makes great phones, but it has stopped making products that “blow people’s minds.” Warren Buffett‘s Berkshire Hathaway reported an almost $1 billion stock buyback, its first since 2012. Experts say it is a signal that the Oracle of Omaha just can’t find anything else worth buying. The midterm elections are tomorrow, and politicians on both sides of the aisle agree on one thing: this may be the most important election in our lifetimes. No matter which way the votes go tomorrow, this election has already cemented itself in history: a record-setting $5.2 billion was spent on campaigns. Have a great day! And vote tomorrow! Watch the previous 3 Things to Know video: Tech CEOs Lose $61 Billion Read_more […]

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6 Sleep Habits and Early Morning Rituals of World Cup Champion Alex Morgan

The soccer superstar announces her partnership with high-tech sleep system Molecule and shares her tips for scoring a good night’s sleep. November 5, 2018 5 min read As a gold medal Olympian and FIFA Women’s World Cup Champion, Alex Morgan knows more than most about the importance of sleep and recovery. “I abuse my body every day for my job on the pitch,” she told Entrepreneur, “so it is vital to me to feel rested and recovered when I wake up.” To that end, Morgan has announced her partnership with Molecule, makers of a high-tech sleep system and recovery engineered for athletes. “It’s an honor to have Alex join our team of Molecule athletes that includes Tom Brady and Russell Wilson,” says the company’s founder and CEO Albert Oh. “Alex takes her recovery just as seriously as she does her training, and it reflects on her performance and her position as […]

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Bizarre Foods Andrew Zimmern “I’m Addicted to the Hustle”

How this week’s ‘How Success Happens’ guest overcame personal struggles and built an empire. November 1, 2018 2 min read I didn’t know what to expect when we scheduled an interview over breakfast with today’s guest Andrew Zimmern. As you may know, the chef, writer, restaurateur and TV personality made a name for himself traveling the world and eating some, well, bizarre foods on his hit travel/food show, Bizarre Foods. Turns out our breakfast was pretty normal — we didn’t dig into a fresh plate of scrambled brains or anything — but the conversation was anything but typical. Related: Anthony Bourdain’s Tips For Eating Great When Traveling Abroad Over the past couple of years, Zimmern has built a true empire around his name with books, TV shows, restaurants (including his new Twin Cities joint Lucky Cricket), and a production company, but as he very candidly told me, the road to success has not […]

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