Do All Superheroes Wear Capes? No, But Anyone Can Still Be a Hero.

A wonderful, feel-good fact: Mike Ilitch, the late founder of Little Caesars, paid Rosa Parks’s rent for more than a decade. October 10, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. What makes someone a hero in corporate America? A hero is officially defined as a “person admired for achievements and noble qualities,” who “shows great courage” or is an “illustrious warrior.” However, the truth is that anyone can be a hero. After all, we all make choices every day, some of which take us on a heroic path, others which don’t. Related: Corporate Philanthropy: It’s Not Just Money That Changes The World And while right and wrong don’t always figure in to those choices, we may be making a conscious effort in terms of what we want our legacy to be. I’ve been in business for many years. I’ve bought and sold over 250 businesses, handled millions of dollars in […]

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Trade Wars: Who Pays the Price?

Whether you believe tariffs are or aren’t the best way to make American companies more competitive, it’s consumers and small businesses that are affected the most. July 17, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. The news cycle is nothing short of busy and erratic. Good or bad, much has changed in the last year; and, now  we’ve added “trade wars” to the mix. Recently, China enacted tariffs on U.S. goods that total $34 billion in retaliation for our administration’s 25 percent tariff on Chinese goods. Related: $34 Billion in Goods: Are Your Company’s Products Affected by the New Chinese Tariffs? In fact, China actually accused the United States of setting off “the largest trade war in economic history to date” and violating World Trade Organization rules. Even Russia introduced extra duties on U.S. products, ranging from road-building equipment and oil and gas industry products, to mining tools. The […]

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Is It Appropriate For Employees to ‘Take a Knee’ in the Workplace?

Four executives weigh in on how they view the NFL controversy, as applied to their respective companies. June 22, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. We’ve all seen the video clips: NFL players kneeling prior to the start of their game as the Star-Spangled Banner plays. And the opinions that have resulted have been divided between whether those players are “disrespecting the flag and the military” or whether they are “protesting injustice, not the flag.” Related: Why the New ‘Take a Knee’ Policy Isn’t Likely to Heal the NFL’s Damaged Brand The players are divided, the owners are divided, the country is divided. What to do? A 2017 CBS/YouGov poll found that, regardless of whether they agreed with the protests or not, 73 percent of Americans surveyed thought NFL players were trying to call attention to racism, and 69 percent said they were calling attention to police violence. […]

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Go Public or Stay Private? What’s The Right Move For You?

A surprisingly small number of companies these days are choosing to to ring the bell at the New York Stock Exchange. April 30, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. IPOs, or initial public offerings, used to be a source of pride for many companies. Going public was akin to having summited the highest mountain in business and rung the bell at the New York Stock Exchange (NYSE). In many ways, it still is. What’s more, IPOs aren’t just for huge corporations: Start-ups also can get a piece of the pie. Related: 5 Essential Steps to Prepare for an IPO And there are advantages there: Going public still means more capital, more notoriety, more investors and more people looking to be your best friend. However, going public has hit a bit of a snag. More and more growing companies have started to avoid IPOs altogether. The year […]

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Don’t Ever Assume You Know It All. Find and Trust an Advisor. Here’s How.

Advisors can vet your idea, define your go-to-market strategy and draft a financial plan, among other valuable skills. So pay them some respect. April 13, 2018 8 min read Opinions expressed by Entrepreneur contributors are their own. An advisor is someone who gives advice, typically from a position of expertise in your field. And he or she merits respect: Throughout our professional lives, most of us at some point need mentors and advisors who guide our steps and help us navigate the day-to-day complexities of a fast-paced business world. Related: Getting the Most out of Your Technical Advisor Take the field I’m currently advising in: cryptocurrencies. Not too long ago, the business world knew next to nothing about cryptocurrencies; the only way to invest in a startup in this segment was through venture capitalists and angel investors, potentially leading to your very own IPO. But business has evolved and now people have jumped […]

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Is the Gig Economy Killing the 9-to-5 Job? No, But It’s Giving It a Run for Its Money.

Boomers, in particular, are benefiting in retirement (or semi-retirement) as Uber drivers, knowledge workers and dog-walkers. March 16, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. The gig economy has been on the rise for a number of years, and that fact can be attributed to a two overriding factors: millennials seeking more freedom and baby boomers looking to supplement their incomes. Related: 10 of the Highest Paying Gig Economy Jobs of 2018 The gig economy’s success can also be traced to the effects of the 2007-2008 economic recession. Those of us who are entrepreneurs, meanwhile, automatically join this economy the moment we leave corporate America. We give up a steady paycheck, job security and stability and corporate perks to launch our ventures, which almost always involve high risk. And we’re not alone in that regard. Who is represented in the “gig economy”? According to a 2016 report from […]

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Do Wellness Programs Make Employees More Productive? The Obvious Answer Is Yes.

Among employers offering wellness programs, more than half saw a decrease in absenteeism; 66 percent reported increased productivity. March 2, 2018 7 min read Opinions expressed by Entrepreneur contributors are their own. Right now, we’re smack dab in the middle of flu season. I got sick a while back, and it took me weeks to shake it off. And virtually everyone in my Sioux Falls office has done battle with a cold or the flu. Overall? Few people have been lucky enough not to get sick . . . yet. Related: 5 Tips Before Implementing Your Wellness Program Coming down with a cold or the flu has nothing to do with your fitness level or habits. Yet, companies are investing in the well-being of their employees by establishing wellness programs in an effort to not only to keep their staffers healthy, but to save money on rising healthcare costs. Wellness programs’ reach Corporate […]

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