14 Famous Businesses That Launched With Less Than $10,000

Steve Jobs built a business that revolutionized the tech industry. It all started with an investment of $1,350. In 1975, Jobs and his friend Steve Wozniak launched Apple in Jobs’s parents’ garage.  Jobs once said in an interview: “That’s why we started Apple. We said, ‘You know, we have absolutely nothing to lose.’ I was 20 years old at the time, Woz was 24 [or] 25, so we have nothing to lose. We have no families, no children, no houses. Woz had an old car. I had a Volkswagen van, I mean, all we were going to lose [was] our cars and the shirts off our [backs].” By 1985, Jobs’ relationship with Apple had soured. Jobs resigned from the company that year. He came back to the tech giant in 1997 when Apple bought NeXT, the company then headed by Jobs. Before Jobs passed away from pancreatic cancer in 2011, he […]

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How Casey Weade Is Helping People Find Freedom in Life After Work

Becoming successful won’t make you happy – unless you’re intentional about it. January 21, 2020 9 min read Opinions expressed by Entrepreneur contributors are their own. The pursuit of success can derail everything important in life. That’s a lesson that Casey Weade didn’t learn until he took a long, hard look in the mirror one morning during his late 20s. Weade should have felt overjoyed. Facing him in the mirror was a list of life goals he’d outlined since graduating college — and he’d accomplished every single one. His business was running itself, and he no longer had to work because of the financial independence he had achieved. Weade had “made it,” yet he felt empty and disillusioned, not knowing what to do next. “It’s a strange feeling to focus on money your entire life and then realize you don’t need it anymore,” says Weade, who is CEO and “Chief […]

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How James Daily Went From Whistleblower to Millionaire Lawyer Taking Down Fraud

He turned a defamatory lawsuit into a triumph, then used his experience to help others. January 3, 2020 9 min read Opinions expressed by Entrepreneur contributors are their own. In 2010, James Daily faced three things no lawyer ever asks for: the feds were calling him; he was being sued for $500 million; and subsequently, he was on the front page of the Wall Street Journal. After establishing a prestigious career in law, Daily was now the one who needed a lawyer — all because he did the right thing. He had reported embezzlement, and this was payback. Today, Daily is a self-made millionaire running his own firm, Daily Law Group, who now lends his expertise to the U.S. government. Daily’s journey to top dog, however, would be full of battles. A Boy Scout Goes West Daily grew up in rural Wisconsin, a member of the 4-H club and the […]

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How Chris Dufey Stopped Trading Time for Money and Skyrocketed to Success

It started with a baby bottle. December 31, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. For Chris Dufey, founder and CEO of Coaches Cartel, a missed feeding with his baby daughter, Arlo, was the final push he needed to make a change. At the time, he owned a personal training business in Dubai, where he worked 12-hour days, six days a week. It began as a typical day for Dufey (pronounced DuFay). He woke up at 4:30 a.m. to be at the gym by 6 a.m. for his first client, who canceled at the last minute. He grinded out the day with the rest of his clients before wrapping up at 7 p.m. — when he jumped in the car to race home and give Arlo her nightly bottle. “It was the only quality time I spent with her on my workdays,” recalls Dufey. But […]

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4 Ways to Know If You’re Treating Your Company Like a Hobby or Like a Business

Do you simply have a hobby or are you truly running a business? Let’s find out. December 28, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. How are you showing up for your business? One of the most common pitfalls for entrepreneurs is treating their business as more of a hobby than an actual business. Of course, it’s great to enjoy the process of building and creating your startup, but oftentimes a mindset shift is necessary to step into the next phase of running a successful business. Treating it like a hobby, on the other hand, keeps things more stagnant.  Related: 10 Entrepreneurs Share How They Turned Their Hobbies Into Successful Careers As for how you know if you’re being a hobbyist about your business — well, it differs for every person. Here are seven telltale signs that you may need a shift in mindset in […]

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How Burned-Out Workers Are Jump-Starting Their Careers

Plenty of professionals are resetting with mid-career internships. December 20, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. The old tradition of sticking with one or two major employers over a lifetime and eventually retiring with a gifted gold watch to enjoy grandkids and travel is no longer the reality for most of us. Workers who fall within the younger end of the baby-boomer generation will hold an average of 12 jobs over their lives. For millennials, the numbers are even higher. Almost half of them will quit their jobs by 2021, according to a 2019 Deloitte survey. The simple truth is that most of us don’t like our first adult jobs enough to stick with them for decades. At some point, many of us find ourselves longing for a sea change in terms of position, job duties, industry or all three. But one way to effectively explore career […]

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‘Grin and Bear It’ Is Wrong. Here’s What Great Leaders Understand About Emotional Intelligence.

December 4, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. “One of the things that I was told early on is that you should never let them see you sweat,” Ursula Burns once said in an interview. Burns, then-CEO of Xerox, was reflecting on leadership advice she had received over the years. She continued, “I remember hearing that and saying: ‘Oh, my God! I think that they have to see you sweat.’” When I first read that interview, I was a few years into launching JotForm and was still figuring out my leadership style. I had figured that the best leaders were stoic types — Teflon-strong with impenetrable poker faces. Burns’ words were kind of a revelation. Could emotions be a strength rather than a weakness? In times of stress — and in the startup world — those are far from uncommon. Should entrepreneurs share, rather than smother […]

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Why Startup Entrepreneurs Need to Take Data Seriously In 2020

Using business intelligence data gives you a leg up on the competition. December 2, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Startup entrepreneurs face a world of opportunities. But they also face a large swath of challenges and a heavy amount of competition. It’s no surprise that data from Statistic Brain shows more than 50 percent of startups in the United States don’t last longer than four years. While there are many issues that can make or break the success of a startup, one area that is becomingly increasingly important for companies of all sizes is business intelligence. Today’s startup founders have access to a wide range of tools that offer historical and predictive data analyses to spur better decision making. Related: Good Decision Making Requires Good Data The problem, of course, is whether startup founders are willing to take advantage of these available resources. In reality, […]

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This Is the Biggest Mistake Entrepreneurs Make, According to Mark Cuban

The billionaire also revealed his phone number and invited anyone to text him. November 29, 2019 2 min read This story originally appeared on Ladders The biggest mistake an entrepreneur can make when launching their own business starts with money, according to one billionaire. Dallas Mavericks owner and tech tycoon Mark Cuban dished some career advice in a podcast interview with On Air With Ryan Seacrest, where the Shark Tank star told Seacrest that the “biggest mistake” new business owners can make is thinking they have to raise money. “I think the biggest mistake people make is once they have an idea and the goal of starting a business, they think they have to raise money,” Cuban said. “Once you raise money, that’s not an accomplishment, that’s an obligation. Now you’re reporting to whoever you raised money from.” Cuban, 61, was referring to how outside help could put a stranglehold on new […]

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Does an MBA Make You a Better Entrepreneur?

The degree doesn’t hurt, but it’s not what makes or breaks successful business owners. November 5, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. For years, experts and business leaders have debated what makes a good entrepreneur more successful than his or her peers. More recently, the conversation has often focused on the educational attainment of the entrepreneur in question, with many arguing rather persuasively that an MBA is necessary if you want to strike out on your own and start a thriving small business that could one day evolve into an international corporate empire. Does an MBA really make you a better entrepreneur? The pros and cons are still hotly contested, but there are plenty of reasons to believe that a sound education can help propel you to greater commercial success than you’d otherwise enjoy without it. Let’s take a closer look. It’s Not About the […]

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Working Hard and Being Stressed Out Isn’t a Sustainable Model for Success

Spend more time on yourself, your fears and what motivates you, and less time being unproductively stressed out. November 4, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. If there’s one thing entrepreneurs are good at, it’s trying — and trying really, really hard. Entrepreneurs put in a huge amount of effort when their businesses are succeeding, and when they’re failing. It’s part of the entrepreneurship code — and one of the lessons we’re all taught as children. Nothing happens without hard work.  And in many scenarios, this is true. I’ve definitely seen the power of hard work during my travels across the country researching startup ecosystems.  But there’s at least one area of life in which exceptional effort may actually be the problem, not the solution. And that area is, believe it or not, our own self-improvement. You can’t be successful if you are stressed out all […]

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A Doctor’s Guide to Building a Business in the Digital World

October 17, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. In today’s digital age, both media and marketing play an important role in medical-practice growth. Patients are becoming more tech-savvy and more conscious of not only their health but also who they trust to treat them. That’s why many people check the internet for information on their symptoms, treatment options and reviews of doctors who can help them. According to a PatientPop report, about 74.6 percent of patients first turn to online reviews before booking an appointment with a doctor or healthcare facility. It’s clear that the patient-doctor relationship begins before they even meet. It begins online. In order for healthcare practices to start the relationship on the right foot, let’s take a look at five things that every practice should implement.  1. Establish a strong website and SEO presence. Search engines have become a quick and easy way […]

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How to Maintain a Professional Relationship After a Business Partnership Falls Through

It can feel like the end of the world, but there’s a way to manage things gracefully. October 13, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. It was a dream come true: My healthy beverage company, hint, had secured a partnership with the giant coffeehouse chain, Starbucks. Our product would be stocked in thousands of stores across the country. For a small food or beverage brand, a big distribution deal like this one can bring prime visibility, access to new markets and a reliable source of revenue. Plus, it helped legitimize the brand. A behemoth like Starbucks approved of what we were doing! A year later, Starbucks ended our partnership, along with deals they had with other bottled drink companies, as part of a change in retail strategy. At first, I was devastated. But I’m certainly not the first founder to experience a setback. Richard Branson, founder […]

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The Great Debate: Can You Teach Entrepreneurship?

Ascend founder Rob Ryan offers six easy steps. October 9, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. As a society, we hold ardent (and conflicting) opinions on entrepreneurship: 1. It can’t be taught; 2. It can be taught, but only in advanced education; or 3. It can only be learned in the school of experience and hard knocks, a notion often accompanied by the opion that earning an MBA is a waste.  Think for a moment about the way you view MBAs. Confident. Maybe even cocky. They are probably well-dressed and poised for a career in management, finance or equipped to climb the slippery pole of Fortune 500 success. Now think about your opinion of entrepreneurs. Many will envision college dropouts — perhaps in hoodies — who are invariably opportunistic, confident, charismatic and unafraid to take risks. Who could ever teach these abilities? And does anybody really need an MBA?  Shoshana Stewart, the storied chief executive […]

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How Stephen Curry Approaches Building Companies and Investing In Tech

A chat with the NBA star and his SC30 partner about looking beyond basketball. October 8, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Most of us would be fortunate to be world-class at one particular skillset, but for Stephen Curry, being a three-time NBA champion and  two-time NBA MVP didn’t stop him from getting involved in business too. I had heard about Curry’s versatile investment and branding company, SC30, but I wanted to get a more personal take on why he does the work he does off the court — and how he does it. Fortunately, at this year’s TechCrunch Disrupt, I had the chance to chat directly with the six-time All-Star and his investment partner Bryant Barr to pick their brains on their investment philosophy and how they think about building companies. Related: 30 Legendary Athletes Who Became Business All-Stars Complementary Skillsets Though Curry and Bryant […]

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Why Day Trader Marcello Arrambide Is Bringing Business Opportunities to Developing Nations

‘I believe in educating people so they have the best tools to make better decisions,’ he says. September 25, 2019 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 Marcello Arrambide, founder of Day Trading Academy and SpeedUpTrader, a funding company for aspiring day traders. It was condensed by The Oracles. What was a defining moment early in your life? Marcello Arrambide: The day I decided to quit my job to travel the world. I had a great deal of fear and insecurity about not having a paycheck, but I found that if you believe in yourself and work hard, you can achieve anything. From the time we are born, we are told what to believe, what language to speak, why our country is better than others, and where we […]

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Why Struggle Is a Good Thing, Even If We Never Want It

It doesn’t seem like it now, but struggle makes you better in more ways than one. September 23, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. “It’s okay to struggle. That’s how you get stronger.” That was wise career advice from … my Pilates instructor. Of course, she was talking about struggle and building physical strength, but the same principle applies to career-building too. Struggling sucks. No question. Sure, we know it’s an inherent part of life, and even helpful for growth, but nobody wakes up in the morning, crosses their fingers and says, “man I really hope I struggle today.” And yet here we are, each of us struggling with something or other. So let’s look at the bright side of the struggle, shall we? Related: Overcome the Struggle and Take Control of Your Life Here are three reasons why your unwelcome visitor called struggle is […]

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Beauty Entrepreneur Jordan Samuel Pacitti on Pivoting from Professional Dance

The former ballet star breaks down his career change into skin-care maven. September 15, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Jordan Samuel Pacitti is an entrepreneur you”ll want to now. He’s smart, strong, charming and understands what it means to be resilient. As a natural-born problem solver who moved his way into people’s hearts in the world of professional ballet, he’s now captivating celebs and beauty fanatics alike with his cruelty-free yet efficacious skin-care line, Jordan Samuel Skin.  In a recent chat, we discussed his journey to entrepreneurship, ageism and how he assists others in feeling their best and choreographing their own skin-care routines. Here are some great takeaways from our conversation. Passion Is Paramount “Knowing that ballet is a short career, I knew from the get-go I wouldn’t always be a professional dancer,” says Pacitti. “Separately, I always had a love for all things in the beauty industry, whether skin care, hair care, […]

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Serving My Country While Seeing My Entrepreneurial Future

One former soldier’s story of envisioning his path ahead while stationed overseas. September 12, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. As I sat there in the cold rain for the fourth straight day, I contemplated the reason I signed up for this. It was 1987, and I was sitting on the border between West and East Germany serving in the U.S. Army, 8th Cavalry. I’d been watching a bunch of nothing for days on end, hoping to see some movement just to break the monotony and get a break from the rain beating down like a soft, monotonous drum. My eyes were heavy and my pulse very slow, the warmth of my wet poncho liner was all but gone, and I was shivering, but I had to stop and remember: “This is the job, this is part of the sacrifice.”  It was moments like these […]

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The Secret Cause of Burnout and How Entrepreneurs Can Avoid It

Having a non-stop hustle mentality can put you at a higher risk for burnout. September 12, 2019 9 min read Opinions expressed by Entrepreneur contributors are their own. If you’ve ever sat down at the end of a long day and questioned whether or not entrepreneurship is worth it, you’re not alone. In my years of working for myself, I’ve witnessed countless, talented entrepreneurs around me doubt themselves and their ability to succeed. If you can relate, rest assured it doesn’t automatically mean you’re not cut out for the vigorous life of an entrepreneur. If you’ve ever felt extra doubtful, anxious or stressed, it doesn’t mean you should throw in the towel and send in your application to the closest fast-food restaurant. It may just mean a few essential tweaks need to be made in your daily routine.  The real lesser-known reason why entrepreneurs often reach a critical breaking point in their […]

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