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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How to Stop a Frivolous Lawsuit From Sinking Your Business

You may think you are protected from a frivolous lawsuit, but remember the McDonald’s hot coffee case? September 9, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. What would happen if you were sued? Now, you might say there’s no reason for someone to sue you. And while there might not be a legitimate reason, business owners are sued all the time. Just because a lawsuit is unfounded doesn’t mean you won’t find yourself in the middle of one. What’s more, lawsuits can be stressful and financially disastrous — even if you did nothing wrong. The way to mitigate the possibility of being sued — as well as the longer-term impact of an undeserved lawsuit — is through a formal process of asset protection planning. Related: A Financial Stress Test May Help Avoid a Frivolous Lawsuit Threat Asset protection planning is pre-litigation risk management intended to […]

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What Makes Generation Z Entrepreneurs So Great?

My generation saddled themselves with student loans in a time when the economy quite frankly sucked. Especially older millennials such as myself entered the job market immediately after the 2008 market crisis. Many of us either had to work as unpaid interns or delay our careers to make ends meet. And my generation is behind financially because of it. But Generation Z is determined to be different. Even with another looming recession on the horizon, Generation Z will likely hold their own and come out on top. Here’s why I believe this will be so: 1. The Founders In 1991 and later in 1997, sociologists William Strauss and Neil Howe published books which popularized a generational theory. This theory proposed that American history revolved around major events. Each generation who experienced these events reacted similarly to their historical counterparts. They were reacting to the events and in response to the […]

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Need to Generate a Business Name? Here’s How to Get it Right.

Three tips for crafting the perfect moniker for your business. August 30, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. You have a great idea for a company. You’ve nailed your business plan. Now comes the hard part. What do you call it? There are several ways to do it. You can hire a branding expert or a naming agency. You can have long brainstorming sessions with your partners. Or you can hope for an “aha” moment. There’s no one right way to craft the perfect name for your business. Maybe something from my story will spark an idea for yours. Related: 8 Mistakes to Avoid When Generating a Name for Your Business 1. Make sure your business name is unique and true to your brand. I wasn’t even thinking about a name when I began Hint, my healthful flavored beverage and lifestyle company. I was focused on the […]

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Jeff Bezos and Lauren Sanchez Partied With Lloyd Blankfein and Model Karlie Kloss Aboard Billionaire David Geffen’s Superyacht

Geffen is known for partying with the rich and famous. August 7, 2019 2 min read This story originally appeared on Business Insider Jeff Bezos is taking time off from Amazon to party with the world’s rich and famous. Bezos, who is the world’s richest person, was photographed aboard the superyacht of the billionaire entertainment mogul David Geffen this week. Geffen posted a photograph to his Instagram page showing the Amazon CEO lounging on a bean bag. He was joined by a group including his girlfriend, Lauren Sanchez; former Goldman Sachs CEO Lloyd Blankfein; and the model Karlie Kloss and her husband, Josh Kushner. Geffen and Bezos alone have a combined wealth of more than $120 billion. Geffen is known for cruising the high seas with celebrity guests on his 453-foot megayacht, Rising Sun. In the past, this has included Barack and Michelle Obama, Oprah Winfrey, Bruce Springsteen and Tom Hanks. The pop star Katy Perry […]

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How an Entrepreneur’s Love of Cars Led to a Lifetime of Success

Discover how Todd Johnson developed his multiple revenue streams … and how he helps others do the same. August 5, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Todd “TJ” Johnson has both founded and partnered to build companies in the industries of information technology, commercial construction, retail, hospitality, publishing and information marketing, leading these companies through startup, turnaround and growth modes. He’s also an active real estate investor with properties all over the world. Although he’s known in Los Angeles for his collection of exotic cars and lively tequila tastings, family still comes first. I caught up with him the day after he surprised his daughters with a hot air balloon ride and asked him to break down his entrepreneurial journey. Related: 7 Life Lessons From My Entrepreneurship Journey Beginnings “I’m from Cayce, SC, which is a suburb of Columbia. I grew up in low-income housing to a single mom. My […]

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7 Signs It’s Time to Quit Your Business

These hard truths will help you know when to fold ’em. August 1, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. If time is the only resource that we cannot acquire, then spending your days trying to run a business you no longer love — or that doesn’t serve your needs — is one of the biggest ways to squander our lives. With that in mind, here are the seven signals and truths that indicate it might be time for you to find something else to do with your precious life span: 1. Your dreams have stopped. Remember back when you were so excited about your business? You went to bed thinking about it. Brainstorms popped into your head at the dinner table. You told everyone who would hold still to listen. Maybe you dreamed you would take over or revolutionize your industry or imagined the lifestyle this little baby […]

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The No. 1 Skill You Need for the Best Business Results, According to Founder and CEO Roberto Candelaria

Some skills will open doors that your credit card or bank account never could. July 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 Roberto C. Candelaria, co-founder and CEO of Ready To Propel, LLC, a purpose-driven marketing and talent agency. It was condensed by The Oracles. Who was your biggest influence growing up?  Roberto Candelaria: My biggest influence was my dad, who passed away in January. When I was young, he asked me what I wanted to be when I grew up. I don’t remember my answer, but I’ll never forget his response: “If you can do anything in the world, why not dream bigger?” Those words have stayed with me my entire life. My dad wanted me to dream bigger than he had as a young […]

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While Many Look for an Exit, Island Cannabis CEO Plans to Keep Company Private

Ray Landgraf launched his ‘for benefit’ company to sell good pre-rolls, not the company itself. July 15, 2019 5 min read This story originally appeared on Benzinga “Keep sustainability at the core. Push the envelope of innovation. Leave the world a better place.” These values, from Island Cannabis Co.’s website, aren’t just a PR-friendly veneer. Launched in 2014 by Ray Landgraf, the “for-benefit” company’s flagship product is the Island Classic pre-roll, sourced from a single seasonal strain grown by a network of small farmers. Their commitment to creating a cannabis product distinct from all others is matched by a commitment to giving back to their suppliers, shown through their active support and donations to organizations such as the Drug Policy Alliance, ACLU and NORML. Benzinga reached out to Landgraf, the CEO and founder of Island, to discuss what makes the company special, its plans for expansion and hopes for legalization. Related: Harvest […]

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The Two Things You Need to Know to Succeed as an Entrepreneur

June 27, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Is there a “secret sauce” for succeeding as an entrepreneur? Judging from what venture capitalists look for in a startup — typically, the team, the product, the market — there’s nothing specific that creates success. So probably not. After all, most if not all entrepreneurs try to get the best team, the best product, and find the better (larger) market. And most of them fail. So what is it that makes some entrepreneurs successful, and some of them successful over and over again? Surely there is something unique that these “serial entrepreneurs” have or know that brings them repeated success. Perhaps this “something” is to not have any major weaknesses, so that they know a little about a lot and therefore can handle all types of situations. Or it could be the opposite, that they are specialists or have […]

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She Left Wall Street to Build Her Own Cannabis Empire

Beth Stavola discovered her real passion is helping patients and creating great cannabis jobs, not shuffling equities on Wall Street. May 6, 2019 3 min read Opinions expressed by Green Entrepreneur contributors are their own. Elizabeth M. Stavola was once a high-powered deal-maker on Wall Street, working at Jefferies and Co. as a Senior Vice President in Institutional Equity Sales covering some of the largest institutional investors in the world. She is now the Chief Strategy Officer, and Board Member of iAnthus Capital Holdings. Stavola previously served as COO, president of US Operations and board member of MPX Bioceutical Corporation, a U.S. and international diversified cannabis company focused on the medical and adult use cannabis markets. She was named to the iAnthus management team when MPX and iAnthus merged earlier this year. What brought you into the cannabis industry? Better lucky than smart sometimes, right! I had retired from Wall Street and […]

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What Entrepreneurs Can Learn from ‘Tim Apple’

April 22, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Last week, I was watching the news and saw something that struck a powerful chord with me. On March 7, Apple CEO Tim Cook met with President Donald Trump at the White House for the American Workforce Policy Advisory Board. The purpose was to talk about education, technology and the job market. When President Trump was thanking Cook for his tech contributions and investment in the United States, he referred to him as “Tim Apple.” Now, it’s not clear whether this was a mistake or if it was Trump giving Cook a nickname. Regardless, the simple fact that Trump referred to Cook by the name of the company he is the CEO of says a lot beneath the surface. Related: President Trump Is Lashing Out Over the ‘Tim Apple’ Snafu, Claims He Said It to ‘Save Time and […]

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5 Habits This Creative Marketing CEO Uses to Improve Her Life and Work

Entrepreneur Lauren Maillian on storytelling, self-care and finding deeper meaning in your work. April 17, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Lauren Maillian is the founder and CEO of LMB Group, a strategic marketing and brand advisory company. She was also a founding partner at Gen Y Capital Partners, an early stage venture firm focused on investments in mobile and consumer-facing technology-enabled companies. Impressed? I’m not done yet. When she was just 19, Maillian co-founded a boutique winery that quickly became an internationally recognized award-winning wine brand, making her the youngest self-made winery owner in the country. She did that after she got back from working as a model in Paris and Buenos Aires, Argentina. I probably left out a bunch of other impressive accomplishments, so to get the full story, I suggest reading her bestselling business memoir, The Path Redefined: Getting To the Top […]

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ReGrained Markets Food Made From Upcycled Brewery ‘Spent’ Grain

The hardest part of entrepreneurship is finding the courage to act on your ideas. April 6, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. Last month at O’Hare International in Chicago, we were waiting at the gate for our flight back to San Francisco. We thought we’d use the time to discuss our upcoming article on entrepreneurship. We were looking for another example of an entrepreneur who is demonstrating a new way to make a deposit by making a difference. We must have been getting a little excited about our favorite subject because suddenly, a young man who was working feverishly on his computer overheard us, stopped, looked up and said, “I’m an entrepreneur!” When we asked him about his business, we were immediately drawn into an exciting conversation. This young entrepreneur had figured out a practical way to take the spent grains used in beer […]

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How One CEO Helped Counter the Violence of a Warlord

We can all make a difference in the world — but only if we’re willing to reject things we’ve always taken for granted. April 2, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. After a nine-hour board meeting in Los Angeles for This Saves Lives, Shannon Sedgwick Davis, the CEO of Bridgeway Foundation sat down with me to talk about her book To Stop A Warlord, before boarding her flight back home to Texas. A few minutes into our conversation, I quickly learned how passionate Sedgwick Davis is about her work and her family. As an attorney, activist and passionate advocate for social justice, Sedgwick Davis has pioneered solutions to several global issues. Through her day job running Bridgeway Foundation, which is the philanthropic arm of Bridgeway Capital Management, she’s dedicated to ending and preventing mass atrocities.  Her decade-long journey to mobilize awareness, civilian protection, and recovery efforts to counter the violence of the […]

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7 Social Media Lessons You Can Learn From Kylie Jenner

She had advantages, but she made the most of them. March 27, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. She’s one of the most watched people on Snapchat and one of the most followed people on Instagram, with nearly 130 million followers. At 21, Kylie Jenner is the youngest ever self-made billionaire in the U.S. Although some may balk at the term “self-made” (as being from a celebrity family has certainly given Kylie advantages most other entrepreneurs can only dream of), the fact remains that she has used her influence and resources to create the kind of cosmetics empire that even the most successful beauty brands have had to work years to achieve. Kylie began to hone her fashionista-turned-entrepreneur skills as a teenager, when she and her supermodel sister, Kendall, debuted their first clothing line for PacSun. The sisters also partnered with Steve Madden on […]

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How to Make Your MVP Truly Cost-Effective

Manual-first, then automation. March 23, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Creating a Minimum Viable Product (MVP) is the best way for entrepreneurs to validate their assumptions about the viability of their business model. Taking the roadmapping approach and starting out by creating a MVP makes a lot of sense from the business point of view. A product roadmap is a great tool for visualizing the direction the product would take over time and coming up with a strategic plan for the offering. Building the minimum viable product or the product prototype is crucial. While an MVP results in significant cost savings, building one also incurs a significant cost for the company.  So how do you ensure that your development strategy for building a MVP is truly cost-effective? If you are an entrepreneur looking to build your first mobile or web app, here is […]

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5 Badass Women Who Persevered and Built a Business

The entrepreneurial world has been a boys club for a long time. Recently that trend has been changing. The number of woman-owned businesses increased by 45% from 2007 to 2016. They represent over $1.6 trillion dollars in revenue. Are you looking to start your own business? These women will inspire you to push forward and kick ass. Let’s get inspired. 1. Riawna Capri and Nikki Lee In So Cal, high end salons are plentiful. Competition is fierce. But that didn’t stop Riawna and Nikki in 2010. As coworkers and friends at two other salons, they wanted to take their impressive skills and start off on their own. But this meant being competitive in an already saturated market. They took stock of what other high-end salons were doing and decided to be different. “…it felt like people were more about the shoes we were wearing or the bags we were carrying. […]

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25 Common Characteristics of Successful Entrepreneurs

Do you have what it takes to get through hard times? Here are the traits that help home-based business owners thrive. March 6, 2019 16 min read Opinions expressed by Entrepreneur contributors are their own. Regardless of your definition of success, there are, oddly enough, a great number of common characteristics that are shared by successful businesspeople. You can place a check beside each characteristic that you feel that you possess. This way, you can see how you stack up. Even if you don’t have all of these characteristics, don’t fret. Most can be learned with practice and by developing a winning attitude, especially if you set goals and apply yourself, through strategic planning, to reach those goals in incremental and measurable stages. Related:  50 Jobs, Gigs and Side Hustles You Can Do From Home The Home Business Musts Like any activity you pursue, there are certain musts that are […]

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