5 Ways to Seize Opportunity, According to Entrepreneur’s Editor in Chief

It’s all about how you look at things. October 3, 2018 7 min read This article is excerpted from Entrepreneur magazine editor in chief Jason Feifer’s monthly newsletter, The Feifer Five. Each month, he sends out five insights to help you think bigger. Subscribe here. What is opportunity? Oftentimes we treat it as something to find, like a nugget of gold underneath the soil. But in truth, opportunity is something we create. It’s in the way we approach something, or the permission we give ourselves to lead. That’s what this edition of the newsletter is about, in ways big and small: It’s about recognizing and seizing opportunity. And here’s your table of contents: 1. The thing all leaders have in common.2. When the problem is also the victory.3. Our problem managing our time.4. Where to find new opportunities.5. An ancient consumer need. Let’s get to it!   1. The thing […]

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When Times Are Tough, Give Your Team This Pep Talk

It’s one that LinkedIn co-founder Reid Hoffman has given many, many times. October 3, 2018 3 min read Entrepreneurship is not easy. Not every day will be a good one. And what do you do then? Step one: You remind yourself that you’re not alone. “At some point — and usually at many points — the startups I’ve founded or invested in hit dark days,” said LinkedIn co-founder Reid Hoffman, now a partner at the venture capital firm Greylock Partners, on his podcast Masters of Scale. “The company faces an existential threat. It will live or die on how the emergency plays out. The team is tired. The team is discouraged. The team is scared.” To reinvigorate them, you move on to step two: Find the words that’ll inspire them. Related: 10 Truths and Tips on Scaling an Amazing Company From the ‘Oracle of Silicon Valley’ When times are tough, Hoffman said […]

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Why This CEO Fired Himself and Asked His Friend to Take Over

Matt Bodnar was always good at solving problems. But when he became CEO, he saw his company struggle under his leadership. So he made a drastic change. September 18, 2018 4 min read This story appears in the October 2018 Entrepreneur. Subscribe » A few years ago, when Matt Bodnar was the CEO of a small technology company, he got lunch with a fellow CEO friend. This friend was frustrated; his company was struggling, and he wanted a change. So the two spent 15 minutes or so talking through solutions, and then, to his own surprise, Bodnar said the words that would change his life: “Well,” Bodnar asked his friend, “what if you just took my job?” Related: 10 Actions That Highlight You as a Leader “We kind of laughed about it,” Bodnar says. “And then he was like, ‘That’s not a bad idea.’ ” Bodnar had been coming to accept a difficult truth: Although […]

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Here’s How People Successfully Work With Friends, Family and Even Their Spouse

The key to a happy life: Clearly defined roles and responsibilities. September 10, 2018 4 min read This story appears in the September 2018 Entrepreneur. Subscribe » When I say that my wife and I wrote a novel together, people’s first reaction is almost universal: “You’re still married?” The idea seems terrifying — but we loved it. The project took us three years, and though we had disagreements along the way, we kept each other motivated and focused. (And it’s coming out this October! It’s called Mr. Nice Guy.) If it worked for us, I suspect it could work for many entrepreneurs. Ambition can be a lonely road. Isn’t it nice to have support? Related: The Science Behind Working With Your Spouse This got me wondering: How many people work with friends and family — and how’s it going for them? To find out, Entrepreneur partnered with SurveyMonkey Audience to survey 1,007 […]

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5 Ways to Stay Focused Through When the Journey Gets Tough

Don’t miss the fourth point. It’s also the key to a happy life. July 30, 2018 7 min read This article is excerpted from Entrepreneur magazine editor in chief Jason Feifer’s monthly newsletter, The Feifer Five. Each month, he sends out five insights to help you think more entrepreneurially. Subscribe here. It’s going to happen: Along your entrepreneurial journey, you will be frustrated. Derailed. Feel lost in the woods. But that’s normal. Good, even! Enduring these challenges will prepare you for the even great ones ahead, and will open your eyes to the many inspirations around you that you hadn’t previously considered. That’s what this list is all about: The inspiration that can come from anywhere. We’re going to Maine for lobsters, Oregon for ice cream and more. Let’s go. 1. What Danica Patrick can teach you about change. Image credit: Nigel Parry   Recently, I met an entrepreneur who’d built his […]

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She Raised Millions From Investors … Then Almost Lost It All

Raquel Tavares had just finished raising a round of funding — and then her team looked at the company’s numbers and realized they were almost out of money. July 18, 2018 1 min read This is an episode of our podcast Problem Solvers. Each week, an entrepreneur reveals how they overcame an unexpected problem in their business — and were happier and more successful as a result. The show is hosted by Entrepreneur’s editor in chief, Jason Feifer. Listen below, or subscribe on iTunes, Google Play, Stitcher, or wherever you get your podcasts. Raquel Tavares, founder and CEO of a ghee company called Fourth & Heart, had just finished raising a round of funding — and then her team looked at the company’s numbers and realized they were almost out of money. How did this happen? The answer is simple: The company wasn’t properly tracking its inventory and cost of raw materials, and now it was […]

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How MailChimp Cured Its Growing Pains

The email marketing company’s staff was once a disorganized mess. But before fixing that, its co-founder had to fix himself. July 10, 2018 4 min read This story appears in the July 2018 issue of Entrepreneur. Subscribe » This is an episode of our podcast Problem Solvers. Each week, an entrepreneur reveals how they overcame an unexpected problem in their business — and were happier and more successful as a result. The show is hosted by Entrepreneur’s editor in chief, Jason Feifer. Listen below, or subscribe on iTunes, Google Play, Stitcher, or wherever you get your podcasts. MailChimp’s tiny staff could once fit around a table, so they often did — gabbing over coffee, and dreaming up new directions for the business. By 2009, though, that team had grown to 300 people. At a company cookout, co-founder and CEO Ben Chestnut looked around and realized he barely knew anyone. So he called a meeting, hoping to […]

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How This Entrepreneur Saved a Damaged Brand (Remember About.com?)

Learn how Neil Vogel took over the old internet giant About.com and transformed it into a thriving company called Dotdash. May 15, 2018 2 min read This is an episode of our podcast Problem Solvers. Each week, an entrepreneur reveals how they overcame an unexpected problem in their business — and were happier and more successful as a result. The show is hosted by Entrepreneur’s editor in chief, Jason Feifer. Listen below, or subscribe on iTunes, Google Play, Stitcher, or wherever you get your podcasts. How do you give new life to an old company? Bring new vision to a place that lost its own? And how do you bring your team — and your new audience! — along for the change? Those are the challenges Neil Vogel faced when taking over the old internet giant About.com and transforming it into a thriving company called Dotdash. Related: This Entrepreneur Shares How He Sold the Product That Everyone […]

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What Thomas Edison, Sarah Michelle Gellar and T.J. Maxx Can Teach You About Savvy Entrepreneurship

Among the lessons below: the brilliance of a “treasure hunt merchandising philosophy.” April 25, 2018 8 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » This article is excerpted from Entrepreneur magazine editor in chief Jason Feifer’s monthly newsletter, The Feifer Five. Each month, he sends out five insights to help you think more entrepreneurially. Subscribe here. This month, I have five lessons for you from five unexpected sources: 1. What Sarah Michelle Gellar can teach you about confidence. 2. What Thomas Edison can teach you about stubbornness. 3. What T.J. Maxx can teach you about consumer behavior. 4. What supposedly phone-obsessed millennials can teach you about humility. 5. What a startup called Musicbed can teach you about being a thought leader. OK! Let’s get going!  1. Don’t get down on yourself — even the pros get nervous! I wrote Entrepreneur‘s April cover story about Foodstirs, a […]

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This Entrepreneur Shares How to Name Your Company — or Fix a Bad Name

The founder of PolicyGenius walks us through the rigorous process she went through to scrap a confusing name and create one that led to success. April 24, 2018 2 min read This is an episode of our podcast Problem Solvers. Each week, an entrepreneur reveals how they overcame an unexpected problem in their business — and were happier and more successful as a result. The show is hosted by Entrepreneur’s editor in chief, Jason Feifer. Listen below, or subscribe on iTunes, Google Play, Stitcher, or wherever you get your podcasts. A company’s name is one of (if not the) biggest early decisions a company founder will make — and they often get it wrong. Google was first called BackRub, Best Buy was Sound of Music, eBay was AuctionWeb and Policygenius was KnowItOwl. In this episode, Policygenius’s founder walks us through the rigorous process she went through to scrap a confusing name and create one that led to […]

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Stop Sacrificing Your Future by Clinging to Your Past

Here’s the most important lesson you can learn from your past. April 24, 2018 5 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » This story appears in the May 2018 issue of Entrepreneur. Subscribe » I was at a bar recently with MICK, a successful DJ who spins for celebrities and big brands, and we were discussing his future. He has ambitious plans to expand his business, but like any entrepreneur, he’s also concerned: Can he pull it off? What if he isn’t equipped for the next steps? Related: 5 Tips for Entrepreneurs to Keep Moving Forward A day earlier, I’d heard a different example of that same fear. A friend in media was considering changing jobs and asked for my advice. She’s a rock star at her publication. “But at this new job, […]

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The Entrepreneur’s Identity Crisis: ‘Am I My Company?’

A founder learned the hard way that entrepreneurship means exploring unknown paths, sometimes leading entrepreneurs to a very different place from where they started. March 6, 2018 1 min read A Note From The Editor Think your company has what it takes to make our Top Company Cultures list? Apply now. Apply now » Introducing our new podcast, Problem Solvers with Jason Feifer, which features business owners and CEOs who went through a crippling business problem and came out the other side happy, wealthy, and growing. Feifer, Entrepreneur’s editor in chief, spotlights these stories so other business can avoid the same hardships. Listen below or click here to read more shownotes. Glenn Kelman thought of himself as a software guy. Then he became CEO of a real-estate company called Redfin, but insisted on seeing it as a software company. Confusion reigned. Cultures clashed. For Kelman, it would come to highlight an often-unspoken business challenge: Entrepreneurship […]

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How Do You Find Your First Customers?

The chairman of DocuSign explains how to turn a company’s first customers into valuable ambassadors. February 27, 2018 2 min read Introducing our new podcast, Problem Solvers with Jason Feifer, which features business owners and CEOs who went through a crippling business problem and came out the other side happy, wealthy, and growing. Feifer, Entrepreneur’s editor in chief, spotlights these stories so other business can avoid the same hardships. Listen below or click here to read more shownotes. How do you find your first customers? It’s a question first-time founders are often flummoxed by. But Keith Krach has developed a tried-and-true strategy — starting during his days at Ariba (which sold for billions), and extending into his current time as chairman of DocuSign. Related: The Danger of Profitability: It Masks Deeper Problems In this special live edition of Problem Solvers, taped live at Entrepreneur Live in Los Angeles, Krach explains how to turn a company’s first customers […]

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How to Figure Out What Your Time Is Worth

It’s time to admit we can’t do everything. And that’s for the better. February 26, 2018 4 min read This story appears in the March 2018 issue of Entrepreneur. Subscribe » March used to be my NBA-watching time. More than halfway through the season, I’d want to see my beloved Miami Heat scrap (or often stumble) its way toward the playoffs. I’d tune in at home. I’d watch on my phone when out. I’d follow games on Twitter. I was emotionally invested in every up and down. But this year, I have no idea how the Heat are doing. I haven’t watched a game. I probably couldn’t name half the players on the team. Related: 6 Ways to Make Hard Decisions Easier as a Leader Why? Because I was forced to make a decision. My life had become too busy. Something had to go. That thing was basketball. So when people ask me how I […]

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