Is Slack Really Worth $20 Billion?

The office collaboration company’s stock fell on its second trading day. June 21, 2019 2 min read Slack shares opened at $38.50 on Thursday, the company’s first day of trading, up 48 percent from a $26 reference price Wednesday. That massive win gave the San Francisco-based tech startup a $19.5 billion valuation, almost triple its private valuation of $7.1 billion. That seems like a high number, considering that Slack itself estimated the market for its industry (workplace collaboration services) at $28 billion in its offering paperwork. Friday saw the startup fall back to earth, as Slack stock fell 3.63 percent to 37.22. However, the true question about Slack’s value won’t be determined in its first week of trading (just as Uber’s fate wasn’t decided by a disastrous IPO). The Entrepreneur Index™ as a whole was down slightly, falling 0.13 percent as Amazon, Comcast and Adobe Inc. saw losses on the day. […]

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Uber Stock Tumbles After IPO, Leading to Disappointing First Day as Public Company

The ride-sharing company was valued at over $82 billion on its first day of trading. May 10, 2019 2 min read Uber raised over $8 billion in its first day as a publicly traded company and still managed to fall short of expectations. The company opened its first day of trading with an initial public offering price of $45, but finished the day at $41.52 — down 7.7 percent. According to The New York Times, “Since 2000, only 18 companies valued at more than $1 billion and listing on American exchanges have opened below their IPO price.” It’s been a tough month for ride-sharing apps, given how Lyft announced losses of over $1 billion in its first quarter as a publicly traded company just days before. Many of the other major players in the tech industry also had moderate losses on the day. Amazon shares fell by 9.89 points (-0.52 percent on the […]

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5 Creative Interview Questions to Ask Job Applicants

You can probably guess that this interview question comes from Elon Musk (specifically, from a Musk biography by Ashlee Vance), given that he starts by saying “You are standing on the surface of the earth.” Why is this a good interview question for your company? Two reasons. First, because you can objectively get this answer wrong. Asking interview questions that determine competency can help distinguish which job applicants really know their stuff. Second, it’s a good interview question because it has two answers. The first answer is the North Pole. Because the Earth is a sphere, if you walk one mile south, then one mile west, then another mile north, you will just return to the North Pole. You could walk a million miles west or zero, and you’d still end up at the same place. The second answer is any place approximately 1.32 (1 + [1 / pi]) miles […]

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Did Starbucks Make a Cameo on ‘Game of Thrones’?

May 6, 2019 2 min read Last night’s episode of Game of Thrones featured several familiar sights to fans of the show. The Starks were back in Winterfell, their family home, surrounded by their friends. Among them were Tyrion and Jaime Lannister, who traveled to the north together in the show’s first episode. We saw the Hound and Samwell Tarly. Even Daenerys Targaryen — or Khaleesi, as many have come to call her — was there, sitting beside Jon Snow.  But in front of Daenerys, there was something familiar even to those who have never seen the show. my favorite show in the entire world forgot a STARBUCKS COFFEE CUP ON THE TABLE WHILE FILMING pic.twitter.com/60z3pOCfg9 — zane (@zane) May 6, 2019 In all likelihood, the coffee cup was simply left on set by mistake. However, Game of Thrones has always been known for its attention to detail, leading some fans wonder whether its placement was intentional. Perhaps […]

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24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less

Entrepreneur Franchise 500 list rank: 170 Initial investment: $8,639 to $296,598 Initial franchise fee: $3,500 New units in 2016: -1 units (-0.1 percent) Chester’s has one of the widest ranges for initial investment — you will need to invest anywhere between $8,000 to almost $300,000. However, depending on your current assets and plans for the fried-chicken franchise, there’s a chance you could start a new location for less than five figures, which makes it worth investigating. Read_More Related posts: The 150 Fastest-Growing Franchises The 3 Most Consistent Businesses From the Franchise 500 List The Top-Ranked Franchise 500 Companies Available in All 50 States The Top 10 Franchises You Can Buy for Less Than $100,000 The Top 10 Best Franchises to Open in 2019 5 Restaurant Franchises That Will Cost You at Least $1 Million The Top 5 Business Service Franchises From the Franchise 500 Our Definitive Ranking of 2019’s Strongest Franchises

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The Entrepreneur Index™ Is Down on Friday (and So Is Tesla’s Target Price)

March 22, 2019 2 min read 2019 has not been kind to Tesla‘s bottom line. On December 31, 2018, the electric car stock closed at $332.80 per share. On Friday, the company closed at $264.53 — a 25.8 percent drop in just three and a half months. Things just keep getting worse, and today was no exception. Wall Street research firm Cowen lowered its price target from $200 to $180 on Friday due to data that seemed to point at the idea that Tesla’s quarterly deliveries will fall below expectations. Analyst Jeff Osborne lowered his forecast for Model 3 deliveries by 13.6 percent (from 55,000 to 47,500. and his forecast for Model S and Model X deliveries by 14.0 percent (from 21,500 to 18,000., based on data from government and third-party sources. The Entrepreneur Index™ was down 2.12 percent on the day, and only eight stocks out of 60 posted […]

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Here’s Why and What You Can Do Instead

You can’t get a Starbucks franchise, but you might be able to apply for a licensed store. Entrepreneur readers often reach out about how to franchise a Starbucks or learn more about owning one of the coffee shops. Unfortunately, if you live in the U.S. or Canada, owning a Starbucks franchise probably just isn’t in the cards for you. Like Chick-fil-A, the Seattle-based coffee chain prefers to own each of its own locations. Starbucks CEO Howard Schultz told Entrepreneur in 2003, “We believed very early on that people’s interaction with the Starbucks experience was going to determine the success of the brand. The culture and values of how we related to our customers, which is reflected in how the company relates to our [employees], would determine our success. And we thought the best way to have those kinds of universal values was to build around company-owned stores and then to […]

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Tesla Stock Falls After Elon Musk Announces Plans to Close Brick-and-Mortar Stores

The electric car company’s stock fell by almost 8 percent on Friday. March 1, 2019 2 min read “We will be closing some stores, some reduction in headcount as a result,” CEO Elon Musk said during an after-hours Thursday call with reporters. In the call, Musk also said that Tesla won’t make a profit during the first quarter. “I wish there was some other way. Unfortunately, it will entail a reduction in force on the retail side. There’s no way around it.” Musk also said, “We do think that profitability in Q2 is likely.” However, that spark of optimism wasn’t enough to lift Tesla stock on Friday, which fell by 25.18 points (-7.87 percent). Tesla was the biggest loser on a relatively positive day for the Entrepreneur Index™. The exchange was up by 0.60 percent today, while other indexes like the S&P 500 and Dow 30 were down. That success is […]

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The Complete, 12-Step Guide to Starting a Business

Everything you need to know about how to start a business. There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However, you do need a strong plan and the drive to see it through. If you’re on Entrepreneur, odds are you already have the drive, but you might not know how to start building your empire.  That why we are here. Check out this step-by-step guide to help turn your big idea into a successful business. Related: 10 Mistakes to Avoid When Starting an Online Business 1. Evaluate yourself. Let’s start with the most basic question: Why do you want to start a business? Use this question to guide what kind of business you want to start. If you want extra money, […]

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5 Things You Need to Know Before Investing in a Chick-fil-A Franchise

Right now, Chick-fil-A has focused its growth opportunities to 28 states: Arizona, California (especially L.A. County, Orange County, San Diego County and San Francisco Bay) Colorado, Connecticut, Florida (especially South East Florida), Georgia, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New York (especially Long Island and New York City), North Dakota, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Washington and Wisconsin This is a wide-ranging list, so unless you live in Alaska or Hawaii, it’s likely that there could be opportunities near you. You can learn more about potential locations either by applying or by attending an operator event. Related: 5 Affordable Franchises You Can Start for Less Than $10,000 Read_more Related posts: What You Need to Know Before Investing in a Chick-fil-A Franchise (60-Second Video) The 3 Biggest Franchise Food Stories of 2018 (60-Second Video) The Top-Ranked Franchise 500 Companies Available in All 50 States […]

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9 Ways to Save Money in 2019

If you intend to share your financial situation with someone else, it’s important that you talk about money on a regular, continual basis. That can be a scary thing, especially if one of you has struggled in the past — or is struggling now. In the video below, Brittney Castro has some great tips on how you can make that conversation easier. Castro advises that you should start the conversation as slowly and calmly as possible. Don’t just spring a money conversation on your partner. Instead, let them know a few days in advance that you’d like to sit down and discuss finances. Then, when the day comes, ask them about their financial story — give context to their current situation. Asking about how student loans helped them get a degree can be easier than bluntly asking whether they have a bunch of debt. Finally, Castro says that you shouldn’t […]

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The Billion-Dollar Business Behind the ‘Harry Potter’ Franchise (Infographic)

Warner Brothers knows all about fantastic profits and where to find them. November 18, 2018 1 min read Harry Potter and the Philosopher’s Stone published in the United Kingdom on June 26, 1997. A year later, Harry Potter and the Sorcerer’s Stone debuted in the U.S. The franchise is still going strong two decades later, as Fantastic Beasts: The Crimes of Grindelwald hit theaters this week, marking the 10th film in the Potter Universe. There’s a pretty simple reason that Warner Brothers keeps making Harry Potter movies: They keep making money. According to an infographic by Statista, the franchise has hauled in $25 billion in revenue since 1997 — $8.5 billion at the box office (if you include worldwide revenue from The Crimes of Grindelwald), $7.7 billion in books and another $9.3 billion from toy and DVD sales. By comparison, the Marvel franchise has grossed $17.5 billion worldwide through 20 […]

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10 Proven Ways Good Leaders Build Trust With Their Employees (Infographic)

November 17, 2018 2 min read According to an infographic by Business Backer, 93 percent of employees feel that trust in their boss is essential to being satisfied at work. Employees who aren’t satisfied might be tempted to work with less excitement, to miss work or cause problems within the workplace. That’s why, if you want to keep your business running smoothly, it’s important to build trust with your employees. Good leaders use all sorts of communication tricks to learn what their employees are feeling, adapt based on those feelings and then clearly explain what to do next. This infographic breaks down 10 proven ways to build trust, which include: Show them the big picture. If your employees can understand the company’s direction, they can contextualize their efforts and see why they’re important. That’s why you should always introduce company goals, ways of working and role expectations for every new […]

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How 39 Major Businesses Use Instagram Stories (Infographic)

November 11, 2018 1 min read Instagram Stories have about 300 million active daily users — and one-third of the most-viewed Stories come from businesses, according to an infographic by 99Firms.com. So, if you want to keep up with the competition, it only makes sense that you might want to capitalize on Instagram stories. At the very least, you should do some research into whether they make sense for your business. Create a strategy for how you want to use them — for example, according to the infographic, 59 percent of Stories take their users to a shoppable page. However, those Stories can also be used to redirect users to a blog post, app or even another social platform. You should also think about the content you want to include in your story. Should it be product promotion, an influencer takeover, fan content? This infographic breaks down the former and it also […]

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The 10 Things You Should Cover in Every Investment Pitch (Infographic)

If you want to wow potential investors, you need to cover your bases. November 10, 2018 2 min read If you’ve ever watched Entrepreneur’s original series, Elevator Pitch, then you’ve probably seen smart founders make dumb mistakes while pitching their ideas to potential investors. They might flub an answer or get tongue-tied, or they might just be a little boring. Other times, you might notice that something seemed off about a pitch, but you can’t quite put your finger on why. Investors are gambling every time they put money into a new project or idea. Your job when pitching is to prove to them that you’re worth the risk. That means you’ll need to not only show them the possible upside of what they have to gain, but also be clear about what they could possibly expect to lose and their odds. In other words, you need to give them […]

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The Dangers of the Internet of Things (Infographic)

Your connected devices can get hacked — here’s how to make them safer. October 28, 2018 1 min read According to an infographic by Cyber Security Degrees, 62 percent of Americans own at least one smart device. The most common of these is a smart TV, which nearly half of American adults own. These devices, like a smart watch or a connected car, can sync with the internet or your mobile device and make your life easier.  However, they also come with plenty of risks. This infographic breaks down some of those dangers, which include:  Malicious endpoints The Mirai botnet attack The Senrio devil’s ivy attack By making yourself aware of these pitfalls, you can secure the devices that mean the most to you and make sure that others can’t take advantage. Check out the infographic to learn more about the dangers involved with the internet of things and how you […]

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6 Easy Tips for Conquering Your Fear of Public Speaking (Infographic)

Turn a weakness into a strength by using these steps. October 27, 2018 1 min read Everyone has their own strengths and weaknesses. Some of us might be great leaders, great teachers or great speakers. Others might know every aspect of their business, but struggle when presenting in front of a crowd. If you are one of the latter people — either because you think you’re a poor public speaker or simply because you don’t like it — it’s not the end of the world. You can always improve and grow, turn weaknesses into strength.  Whether you  need a little practice, some coaching or something else, you can get better with time.   Even if you have a fear of public speaking, there’s still hope. Some mindfulness and meditation tricks can help you improve in this aspect. This infographic by Buffalo7 can help you conquer that fear and crush your next presentation […]

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Looking to Change Jobs? This Industry Has 0 Percent Unemployment. (Infographic)

There’s a talent gap in cybersecurity. October 21, 2018 1 min read About half of all organizations have a shortage of cybersecurity talent, according to Digital Guardian. There were 302,000 unfilled cybersecurity jobs in 2018, which Digital Guardian claims is 30 percent of all cybersecurity positions. Companies are at risk of losing data, getting hacked and more because there simply isn’t enough supply for the global demand. As a result, Digital Guardian reports that there is a 0 percent unemployment rate among cybersecurity experts — 0 percent!  Learn more about cybersecurity, what it takes to get into the field and what you can do to protect your company even with a shortage of talent, by checking out the infographic below. Infographic by Digital Guardian Read_more Related posts: These Are the 10 Highest Paying Jobs at Google 98 Percent of VC Funding Goes to Men. Can Women Entrepreneurs Change a Sexist System? The […]

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18 Brutal Business Failures by Wildly Successful Entrepreneurs (Infographic)

Even Jeff Bezos and Bill Gates made mistakes before making it big. October 20, 2018 1 min read Some people like to say that entrepreneurs are born, not made — that you either have the talent to start a billion-dollar company or you don’t. But, some of the most famous and successful entrepreneurs in the world struggled to find their way.  For example, J.K. Rowling had difficulty finding anyone to publish the Harry Potter series, and while she worked on the books she lived as a single mother on welfare. Tim Ferriss received 25 rejection letters for The 4-Hour Workweek. Even geniuses such as Bill Gates and Jeff Bezos had business failures.  This infographic from Pound Coffee breaks down 18 great examples, which you can use for inspiration in the low moments of your pursuit of entrepreneurship. Whether you’ve gotten rejected, faced failure or just lost a little steam, this list might […]

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The History of Augmented and Virtual Reality, From 1838 to the Present (Infographic)

You might think virtual reality is a new phenomenon, but it’s been around for hundreds of years. October 14, 2018 1 min read Augmented and virtual reality are changing the way we see technology, the future and the entire world. However, it might surprise you to learn that these concepts have been around since 1838, when Charles Wheatstone introduced his stereoscope. The stereoscope was a device that allowed a user to look through different holes for each eye, producing two images that would collectively appear larger and three-dimensional.  Similarly, Thomas Edison and William Dickson also invented the kinetoscope in the 19th century, which used a small piece of film and a light bulb to allow users to look through a peephole and watch at 46 frames per second. You can learn more about the history of augmented and virtual reality by checking out this infographic from HistoryDegree.net, which details not only […]

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