3 Reasons Entrepreneurs Should Raise Money — Even When They Don’t Need the Cash

Billionaire Bhavin Turakhia shares his belief on how an influx of outside money can take your thriving business to the next level. July 29, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. One of India’s most dynamic and successful entrepreneurs, Bhavin Turakhia, announced this week that he’s just raised a sizable investment round to grow his latest venture Zeta, which he co-founded with Ramki Gaddipatiin 2015. The investment from French facilities management company Sodexo now values Zeta at $300 million. It’s a strange thing for Bhavin to do because he doesn’t need the money and he has never raised investment for any of his previous ventures.  Bhavin, 39, has built multiple companies without raising any external investment. He started out as a teenager with just a $375 loan from his family and is now a billionaire with more than enough money to fund his own ventures. In a previous article, […]

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Massively Scaling Up Your Business — Without Massively Scaling Up Your Team

Watch this free Entrepreneur Insider session with expert business advisor Daniel Priestley, who cautions against being too quick to make new hires. July 10, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. If you want to scale your business, but are encountering blocks, you might be tempted to hire more team members and pay more in salaries. Anything that causes stress or a bottleneck in your business can be linked to an asset deficiency, and if you want more revenue, profit and scale, you’d be better served developing an ecosystem of valuable digital assets. But what is a “business asset”?  In this Entrepreneur Insider session, expert business advisor/bestselling author/Dent Global co-founder Daniel Priestley will provide a simple definition of a business asset, and explain how having a great website that would still be driving business tomorrow if you disappeared today is a business asset. Related: Use Instagram Stories to Build Your […]

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Entrepreneur Insider Video of the Week: Accelerate Your Entrepreneurial Journey

Watch this free Q&A with author Daniel Priestley, in which he breaks how to move forward in your entrepreneurial journey. June 12, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. The journey of growing a business can be more predictable than most people think. There are certain problems and frustrations that come along regularly, as well as strategies for overcoming them if you’re aware of the journey ahead. Related: Entrepreneur Insider Video of the Week: Management Mess to Leadership Success After interviewing and working with thousands of entrepreneurs and leaders, Daniel Priestley and his team at leading business accelerator Dent Global noticed some strong trends around the problems and payoffs along the way. Based on research, experience and insights from big data, these lessons can be invaluable for any business — and it’s worth knowing where you currently are in your own entrepreneur journey before you can strategically plan and move forward. In this […]

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12 Ways That Writers, Speakers and Experts Can Make Money as Key People of Influence

Information and inspiration are valuable commodities in the entrepreneurial world. May 28, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. In every industry, there are Key People of Influence. Their names come up in conversation, they attract opportunities, they make more money and have more fun.  Key People of Influence (KPIs) are different from traditional Influencers associated with “influencer marketing.” Influencers focus on increasing their follower count on social media and aren’t taken seriously unless they have over 100,000 followers. In some industries, it takes a million followers to be considered an influencer. For an influencer,  income comes when brands pay to promote products to their followers.  Key People of Influence typically have a smaller but more respected profile; people know who they are and are clear about their value. Some Key People of Influence have just a few thousand high-quality followers while others are a little […]

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Four Friends Started a Business and Sold It to Apple for $400 Million. Here’s How.

The co-founder of Shazam talks about starting a business that is personally and financially fulfilling. May 7, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. I had the pleasure of catching up with Dhiraj Mukherjee, the co-founder of Shazam, an app that has been downloaded over a billion times and tells you what song is playing in the background. Users just hit the button, let it listen and “Shazam!” — turns out you’re enjoying a cheesy David Guetta co-lab you normally wouldn’t admit to liking. Apple loved this technology so much they had to have it and in late 2018 they acquired Shazam for a whopping $400 million and integrated it with their digital assistant Siri.    So how did this business get started? Shazam began as a crazy idea between friends in 1999. At the time, the technology that makes it work didn’t exist, the digital library of […]

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4 Lessons From an Entrepreneur Who Became a Self-Made Billionaire Before Turning 40

Bhavin Turakhia and his brother Divyank started their billion-dollar journey with a $375 loan. April 16, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Recently I had the pleasure of spending time with self-made billionaire Bhavin Turakhia. Bhavin is 39 years old, he was born in India to middle-class parents and has built and sold two companies for more than $1 billion.  He and his brother Divyank launched their first tech venture, Directi, with a $375 loan from their father in 1998. They sold four of their web presence companies — BigRock, LogicBoxes, ResellerClub, and Webhosting.info — to Nasdaq-listed web-hosting firm Endurance International Group, for $160 million in 2014. The brothers’ next venture was an adtech business called Media.net that sold for $900 million less than seven years after its launch.  What sets Turakhia apart from most technology entrepreneurs operating at this scale is that he has […]

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3 Alternative Ways to Exit Your Business for $500K — $5 Million

Navigate a successful — and realistic — exit with these approaches. April 4, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. We all hear about the entrepreneurs who exited their company for life-changing sums of money. Go and talk to your local high-net-worth wealth advisor and you’ll discover that many of their clients made their fortune when their company was acquired. Those are great stories, sure, but the reality for most businesses is that you can’t sell them for one big lump of money, especially if they are worth between $500,000 and $5 million. For starters, other entrepreneurs will not buy your business for over $500,000. Entrepreneurs typically believe they can compete with you and rather than spending half a million or more to buy your business, they’d rather spend it on creating a competitive product or growing their own business. Additionally, entrepreneurs are rarely cashed up; […]

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How to (Politely) Get Someone to Sign a Non-Disclosure Agreement

It’s a tricky request that can sink a pitch before anyone ever hears it. April 1, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. When you are starting out in business with little more than a concept, it’s natural to want to protect your idea. You imagine someone with more money, experience and influence than you scooping it up and leaving you their wake with little more than the bragging rights to say, “I thought of that!” So you may be tempted to ask everyone you pitch to sign an NDA (non-disclosure agreement), but be warned, you risk annoying or offending potential investors and partners before the relationships has even gotten off the ground. At the end of this article, I will share with you a great approach for getting people to sign one without any hard feelings, but before I do, I want to shed some light on the reality […]

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