How to Build a Business that Will Survive Long After You’re Gone

May 21, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. Earlier this year, I announced that I was stepping down as CEO of Nav, a company I co-founded in 2012. I love Nav passionately, and it wasn’t an easy decision, but I knew it was the best thing for both me and the company.  Under the leadership of its new CEO, Greg Ott, Nav moved forward without missing a beat. Watching it happen, I felt a peculiar feeling.  On the one hand, I was proud to have built a business strong enough to weather any change. On the other, I wondered how I would feel as the days passed and it became more and more obvious that Nav was flourishing without me.  Related: How to Step Back and Still Keep Your Team Accountable I’m proud to report that my pride only grew. Unlike a toxic parent whose […]

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The Business of Being Wrong: How Non-Stop Arguing Became a Lucrative Strategy

Skip Bayless, LeBron James and the four reasons why it’s easier than ever to become rich and famous for being contrarian. Read_More Related posts: Help Your Business Thrive Online With a Solid SEO Strategy How to Create a Lucrative Marketing Business Right from Your Laptop How to Stop a Frivolous Lawsuit From Sinking Your Business This Work-Life Balance Strategy Helped This Entrepreneur Create a Business That Reaches Millions of Business Owners Across the World Overlooking This One Thing Can Stop Your Cannabis Business in Its Tracks The Sneaky Way SEO Spam Is Costing You Business — And How to Stop It Stop Being So Modest! Why Women in Business Need to Get Comfortable with Bragging Want to Grow Your Business? Stop Making To-Do Lists.

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4 Life Lessons I Learned From My Short Stint as a Pro Wrestler

May 20, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. Every wrestler dreams of getting to the “pinnacle of sports entertainment” — Wrestlemania. But the road to get there is a difficult one, filled with bumps and bruises — and the occasional concussion. I learned this in a hard and painful way. My stint as a pro wrestler was short, but I learned a lot of valuable lessons in the process.  My journey to pro wrestling  The larger-than-life characters of pro wrestling have always intrigued me. In 2009, I decided to attend a pro wrestling school. At 5’4” and 135 pounds, I thought I fit the part. I saw an ad on Craigslist for a local wrestling try-out. I knew wrestling was choreographed, and I had learned dancing and singing choreography in high school when I was in the show choir. That counts as experience, right? Related: WWE Superstar Mandy […]

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Embracing Your Creativity in Uncertain Times

May 16, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. With every product and every service, there are so many unknowns. Will people purchase my product or service? Is it the right time to launch? Do I have the experience to take this to market? Do I have enough money to launch this business? Is the market ready for this product or service? Every entrepreneur with a new product or service has to navigate through uncertainty. It’s truer now than ever. Timing is important, but no one ever truly knows when the right time is. Will you have enough money? In most situations, no. Will you be able to find the financing you need? Many times, no. With every product and every service, there are so many unknowns. Which is another way of saying, there’s always risk. Related: To Get Through COVID-19, Entrepreneurs Need to Embrace These […]

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10 Lessons Every Entrepreneur Should Learn About Their Business

May 15, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. I co-founded a company 10 years ago, and in that decade we’ve closed seven M&As, expanded our operations, dramatically increased revenue and forged strategic partnerships. But of course this journey had its fair share of highs and lows. Here are 10 things I’ve learned that I think can be helpful to any entrepreneur.  Related: How One Franchise Company President Makes Better, Faster Decisions During Uncertain Times Know when to say no to a deal Early on, an investor offered $25 million to acquire ironSource, even upping the bid to $40 million two months later. We turned the offer down. When you’re in this position, it’s critical to deeply question yourself and to be brutally honest. I certainly was. If your goal is to create something and then move on to your next challenge once your business grows beyond a certain point, […]

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3 Steps to Creating a Company That Aligns With What You Love

May 14, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. When he was just 14 years old, Richard Branson, the billionaire entrepreneur, launched his first business: Student magazine. At the time, Branson wanted to create an alternative to his school newspaper, which he thought was “stale.” In reflecting back, Branson said, “I wanted to be an editor or a journalist, I wasn’t really interested in being an entrepreneur, but I soon found I had to become an entrepreneur in order to keep my magazine going.” Branson went on to start the Virgin empire and has launched hundreds of companies under the brand.  One of the most common reasons that most people contemplate launching their own company is because they are not in love with their work. While Branson has certainly amassed wealth throughout his life, he repeats often that his focus has always been creating new businesses that […]

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Top 5 Lessons From a Kid Entrepreneur (Pay Attention, Public Schools!)

May 13, 2020 8 min read Opinions expressed by Entrepreneur contributors are their own. I was recently introduced to Brendan Cox, a 19-year-old entrepreneur who has founded 10 different successful businesses to date — starting at the age of nine years old. Collectively, he has grown a $900 loan from his mother into $250,000 of profits today. I have previously written about how elementary-school-aged kids are capable of learning and grasping complex business skills, and Brendan is the poster child of proving that exact point. All I could think about was: What if Brendan was actually instructed on such entrepreneurial topics in school, instead of learning about rocks, state capitols and cotton gins. Maybe his successes would have been even higher! This post is going to highlight some of the key startup lessons that Brendan learned along the way. How it starts for kid entrepreneurs Brendan was an introverted, eager, and creative kid in elementary school […]

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Why Entrepreneurs Should Choose Insights Over Instincts

The importance of data-driven decision-making. May 8, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. In 2017, humanity generated more than 2.5 quintillion bytes of data by the day. According to the minds at Harvard Business School, it’s never been easier for businesses of all sizes to collect, analyze and interpret data into real, actionable insights. Companies wanting to successfully scale their operations should make the effort to understand that data on a much deeper level. Related: The Insane Amounts of Data We’re Using Every Minute (Infographic) Fully understanding the needs of your consumer enables you to provide them with the specific products and services they may be looking for, resulting in optimal business decisions surrounding exactly how, when and what to sell them. This is a fundamental aspect of creating and operating a business. Data-driven decision-making is simply focusing on the needs of your target market and executing on […]

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4 Creative Ideas to Supercharge Your Digital Launch

When every new business is launching digitally, you need these things to stand out. May 7, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. In my journey as an entrepreneur, I’ve had many digital launches: my podcast, my line of false lashes, my books, a personal branding workbook and more. What I’ve learned through each launch strategy and execution process is how important it is to be creative. If you’re part of a community of entrepreneurs, it’s likely that someone is launching something on any given day. As exciting as that is to be part of, it can also be a challenge to stand out from the noise and complete your launch in a way that’s specific to your personal brand and the brand of whatever it is that you’re launching.  Related: This Creative Production Company Launched Almost 25 Years Ago. Its Ability to Evolve With the Market […]

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The Secret Weapon Behind Chewy Founder Ryan Cohen’s Success

May 4, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. Everything I know — from empathy to the principles of making money — I learned by following in the footsteps of my late father, Ted Cohen. We spoke for hours every day. He was, and always will be, my best friend, advisor and biggest advocate. A successful glassware importer with an impeccable work ethic, my father never missed a day on the job. If he were here today, he’d be worried about the millions of unemployed and struggling businesses across the country. The warehouse workers, drivers, construction workers and small-business owners — those are the people he respected most. Looking back on his life and influence, the following five principles he showed me were critical to my success building Chewy.com and investing.  Related: Why Millions of Americans Are Struggling to File for Unemployment Benefits, When They’ve Never Been […]

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What Freelancers Can Teach You About Keeping Your Skills Sharp

Five tips all entrepreneurs can learn from freelancers. May 1, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own.  A recent Upwork study revealed that freelancers are more committed to advancing existing skills and learning new ones and are generally more proactive about keeping their skill sets sharp and competitive than traditional workers. Related: How to Run a 6-Figure Freelance Business in 20 Hours a Week During the current crisis, freelancers everywhere have had to be particularly nimble and scrappy to keep clients and find new ones. Any entrepreneur can learn a lot from these fast-moving freelancers. Here are some examples. 1. Think strategically about your skill set and where you want to improve Freelancers can’t afford the time or the money to it takes to engage in slapdash continuing online education opportunities during this time. They need to be selective and strategic about where and how they spend […]

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6 Smart Money Moves to Make Right Now as a Business Owner

April 15, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. It’s a troublesome time for everyone in the business world right now, particularly for those of us who own our own businesses. My business, Student Loan Planner, launched in 2016 and grown steadily over the past four years. However, as a CFA and former bond trader, I always knew the day would come when we’d need to weather a storm. Here are six smart money moves I’m taking for my business right now that I suggest you do as well. You want to set your business and employees up for the best possible success as our country navigates this health and financial crisis. Apply for the government bailout programs This should be No. 1 on your list before doing anything else I mention in this article. Under The Paycheck Protection Program, employers with less than 500 employees can access […]

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10 TV Shows Every Entrepreneur Should Watch on Netflix

Have some free time on your hands? Get into one of these series. Opinions expressed by Entrepreneur contributors are their own. If you’ve suddenly found yourself with a lot of free time at home, TV shows and docuseries can be a great way to fill the extra hours. They can help you recharge and relax, and you might even learn a little something in the process. As I build my company, I’m always looking for ways to keep my creativity flowing. In order to do that, I try to remember to engage in self-care and give myself a chance to decompress. If the world seems to be falling apart and you’re feeling your anxiety levels creep up, it might be time to engage in the tried-and-true relaxation strategy of binge-watching Netflix. Related: 7 Movies on Netflix All Entrepreneurs Should Watch If you pick the right shows, you’ll not only find some much-needed escapism; […]

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Executive Coach John O’Connor on Managing Confusion and Uncertainty

The ‘not knowing state’ is what triggers us most, says the entrepreneur. March 17, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with John O’Connor, executive and performance coach, and certified HNLP and brain-based leadership trainer. It was condensed by The Oracles. Who are you?John O’Connor: I work with CEOs, entrepreneurs, and business leaders who want to not only perform at a high level but also access the deepest parts of themselves, master their mental and emotional state, and connect with themselves and others. I believe that there is potential in each of us waiting to be activated. With the right skills and guidance, we can transform our identity and unlock a way of being that is radically different than how we live now. What are you more skilled […]

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Susan McVea on the Podcast That Saved Her Life

How ‘The School of Greatness’ led her out of a breakdown and into a six-figure coaching business. March 16, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Susan McVea, CEO of Susan McVea Consulting Inc. and founder of the “Master the Sales Game” podcast. It was condensed by The Oracles. Who was your biggest influence growing up?Susan McVea: Oprah is my biggest influence outside of my parents and family. Growing up, I’d race home every day to watch her on television after school. I learned my biggest life lessons from Oprah and her guests, from how to defend against an attack (never let them take you to another location!) to how to become a millionaire. Most important of all, I learned how to impact others by being generous […]

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Software CEO Katherine Kostereva on the Future of Tech

And what this means for software development. March 13, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Katherine Kostereva, founder and CEO of Creatio, a low-code, process automation, and CRM platform. It was condensed by The Oracles. Who are you? Katherine Kostereva: Like many entrepreneurs, I started working early at age 14, providing tutoring services for younger kids. Throughout my early 20s, I worked for IBM, where I had the opportunity to try different roles, from engineering to marketing. IBM taught me how the software and technology industry operates and how to look at business needs from a global perspective. I still remember the company motto on the office wall: “Think globally, act locally.” When I was expecting my first baby at age 24, I had the idea […]

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Lessons Tatiana Arias Learned From Creating Hispanic Entrepreneurial Movements

What it means to believe in ‘and,’ not ‘or’. March 12, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Tatiana Arias, creator of the Financial Happiness System and founder of Movimiento RED for Hispanic women entrepreneurs. It was condensed by The Oracles. Who are you? Tatiana Arias: I’m an investor, mentor, author, and entrepreneur based in Colombia. I believe love is the most powerful force to heal and manifest. I’ve dedicated my life to reminding humanity, particularly the Hispanic community, how to live in abundance, be happy, and accomplish their dreams. Every day, I wake up to serve through my book, online training, social media, and events, which thousands have attended in more than 20 countries. I believe that communities are the way to accomplish more than we […]

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When’s the Best Time to Schedule a Meeting? It Depends Where You Live (Infographic)

A study from Doodle found major regional differences among people who are scheduling mealtime meetings. March 12, 2020 3 min read Time-wasting meetings get a bad rap among some office workers (including Elon Musk), but there’s no denying that taking time out of your day to nurture business relationships can be beneficial to entrepreneurs. Setting aside time to meet with clients visiting from out of town or to show a loyal client that you appreciate them is an easy way to deepen those connections.  But not all clients are the same, and when they might want to meet could actually depend on where they live in the United States. Meeting scheduling company Doodle looked at nearly 200,000 meetings across 135 territories from September 2018 to August 2019 to see if it could find some commonalities among when people choose to meet. The results contain some interesting tidbits. In big cities, dinner […]

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How Getting Fired From His Own Company Catapulted Brandon Dawson to Nine-Figure Success

He learned how to scale and exit businesses the hard way. Now he’s helping other founders do it the right way. March 10, 2020 8 min read Opinions expressed by Entrepreneur contributors are their own. When 29-year-old Brandon Dawson rang the opening bell on the American Stock Exchange for taking Sonus Corporation public in 1998, he was one of the youngest people ever to do so. He’d raised millions in private equity to build the hearing aid business, which was poised for explosive growth, thanks to his franchise model. The young CEO was on top of the world when he got the call to fly to New York a few short years later. He thought he would get a pat on the back. Instead, a series of events made him leave the company. The private equity group backing the company had a different vision for Sonus and wanted to sell, […]

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Why Fitness Entrepreneur Jonathan Goodman Chose a Life of Exploration Over a Bigger Business — and How It Paid Off

To build a business on your terms, you can’t compare yourself to others. March 9, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Jonathan Goodman, founder of the Personal Trainer Development Center, a remote education company for fitness professionals. It was condensed by The Oracles. What was a defining moment early in your life? Jonathan Goodman: School was a struggle for me. I felt smart and understood the material, but my grades didn’t reflect this. Until I traveled to England the summer before my final year of high school, I wasn’t interested in English. I didn’t read much, never wrote anything outside of school, and shuddered at the prospect of conjugating verbs. That trip changed my life. Seeing Shakespeare’s plays at the Globe Theatre in London and presenting […]

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