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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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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