3 Things to Look for Before You Hire Your First Employee (60-Second Video)

About to become more than an army of one? Here’s what to consider as you make that first hire. About to become more than the boss of just yourself? Congrats! Here are three things to consider before you hire your first employee from our book Start Your Own Business: Don’t hire someone just like you. It’s tempting because who’s better than you right? But you want to find someone who has strengths in areas you’re not so strong in, someone who can excel in the stuff you find difficult or hate doing. Look for a great communicator and a great listener. You want to know that they understand your vision, and can clearly let you know about progress or problems they face in their day-to-day. Use the Road Trip Test: Basically, you can have the smartest, most experienced applicant in the world, but if the thought of being stuck in a […]

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How to Become a Professional Fortnite Player (60-Second Video)

Three tips from a player who gets paid to play his favorite game. Entrepreneur recently spoke with professional Fortnite player Nick Overton (better known as Marksman) to find out how you can get paid to play your favorite game. Practice. Nick says that most pro Fornite players play for 5-10 hours every day. During these practice sessions, they try to put themselves into as many tough situations as possible to test different strategies. Being a pro gamer is one of the easiest and hardest things in the world to do. Easy because you don’t need any schooling or funding to get started. Hardest because there are a lot of players and getting into the top .0001% is no cake walk. Most pro players make money in tournaments and from the revenue that they generate from their YouTube and Twitch channels. So not only do you be good at killing digital people, you […]

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How to Become a Professional Fortnite Player

Pro gamer Nick ‘Marksman’ Overton explains how to make money and have fun as he prepares for the Newegg + CLG Fortnite Challenge. April 8, 2019 5 min read Did your parents ever tell that video games would rot your brain? Did they also mention that video games could also make you fabulously wealthy? Nick Overton makes a killing, literally and figuratively, as a professional Fortnite player. Last year, the 27 year old from Iowa better known in gaming circles as “Marksman” left a long trail of dead digital competitors in his wake — and made $500,000 in the process. Entrepreneur caught up with the sharp-eyed assassin in advance of his appearance with other members of his esports team Counter Logic Gaming at the Newegg + CLG Fortnite Challenge, a Fortnite event being held at The Hulu Theater at MSG in New York City on April 24. The event, free to […]

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3 Success Strategies for Balancing Your Day Job and Side Hustle

Here are some great tips for pulling off the day job/side hustle balancing act. April 5, 2019 2 min read Balancing a full-time job with a side gig isn’t easy, but it can be financially and emotionally rewarding — you’re doing what you want to do and getting paid for it! Here are 3 tips for pulling off the delicate balancing act of starting your dream business while maintaining a day job: Put your family to work. Answering phones, responding to customer feedback, putting together orders. Extra hands and brains can save you time, preserve energy, and keeps everyone involved rather than you disappearing behind a laptop every night. When you’re at work, be at work. Meaning, focus on the tasks at your day job. Do what you’re being paid to do. Trying to sneak in your own stuff on the company dime is dishonest and stressful, and you won’t […]

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How to Find a Great Idea

Inspiration for your next amazing business idea can come from anywhere, so pay attention! March 28, 2019 1 min read Here are three ways that inspiration hit some very successful business people. Annoyance. Bothered by a $40 late fee on a rented video, Reed Hastings thought to himself that video rentals should work like gym memberships — you get charged the same amount each month no matter how much you use them. And from that, Netflix was born. Noticing a trend and building off it. Gregorys Coffee founder and CEO decided to start his own business while sitting in a Starbucks. He realized he wanted to create an experience for people who like the speed of Dunkin Donuts and Starbucks, with the atmosphere of a boutique coffee shop. They recognize needs. House cleaning and dog walking don’t seem like innovative ideas, but people have started lucrative businesses focused on giving […]

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Is Your Great Business Idea Actually Great? Here’s How to Find Out.

Here are three indicators that your idea is worth your time and energy. March 19, 2019 2 min read You shot out of bed in the middle of the night with a billion-dollar idea. But is it really? Here are three indicators that tell you if you should put that idea into motion, or if you should go back to sleep. It solves a problem. Does your idea deliver a solution that makes a whole lot of people’s lives easier? Remember: It doesn’t have to be something no one else is doing, but it does have to be something that no one else does better. It’s scalable. For your idea to go big, it needs to have a pathway for growth and expansion. Do you see the potential for your product or service to be used by more and more people and industries? It’s something people want. This might seem obvious, but […]

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4 Ways to Protect Your Company’s Online Reputation

March 13, 2019 4 min read “Move fast and break things” is a philosophy that many entrepreneurs subscribe to. The idea being: don’t wait until it’s perfect; launch now and fix it later. For many aspects of business, this is a process that works. Glitches get fixed, tweaks are made, problems eventually get solved. But for your business’s online reputation, the “fix it later” approach can result in disaster. Hersh Davis-Nitzberg, founder and CEO of crisis management firm Reputation Control Inc., says that entrepreneurs need to be proactive about managing their online reputation before irreversible damage is done. Here are four steps he recommends you take to protect and improve your business. 1. First, understand the anatomy of your online reputation. “Your online brand is your entire digital footprint — every news article, video interview, Facebook post, Yelp review, Instagram photo, or other information about you on the internet. While each piece […]

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3 Smart Ways to Get Things Done

March 11, 2019 1 min read Let’s face it, we all have our strengths and weaknesses. But those weaknesses shouldn’t get between you and your goals. Here are three ways to deal with those necessary skills that don’t come easily to you. Take a class. There are tons of online webinars and courses (many of them free) that will give you a how-to approach to learning things like payroll, online marketing and more. Hire an employee to help! Think about how much time you’ll spend learning and then actually doing the bookkeeping. Now think about what else you could be doing with that time if you had a bookkeeper on staff. What is more valuable to you? Outsource the work to freelancers. Hiring freelancers and outside agencies for one-off tasks have become much simpler with work-for-hire sites like Fiverr.com and Upwork.com. These tips and many more come from Start Your Own Business. […]

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3 Quick Tips for Achieving Your Goals

To find success as an entrepreneur, it is very important to give yourself milestones to reach. March 4, 2019 1 min read Here are three ways to set goals that get you where you want to be. Be specific. You have a much better chance of succeeding if you know what your exact goal is. “Raising capital” isn’t a specific goal, but “Raise $10,000 by July 1” is. Be realistic. If you set a goal to make $100,000 in a month even though you haven’t earned that much in a year, that’s going to be tough. Begin with small steps like increasing your income by 25 percent. Once you hit that, you can reach for larger goals. Set short and long-term goals. Short-term goals help define where you want to be next week, next month, even next year. Long-term goals can be 5, 10 or 20 years in the future. […]

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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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