The Right Way to Have Tough Conversations

Conflict can make or break your company. Here’s what to do when the argument is unavoidable. February 19, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. In the early 1900s, Aldi was a small family grocery store in Germany. After inheriting the business from their father, Theodor and Karl Albrecht expanded their father’s single store to a chain of hundreds, bringing low cost, high-quality groceries to towns and cities across the country. In 1960, the two brothers had a disagreement that led to a fracture in the company, breaking it into two independent businesses, Aldi Sud and Aldi Nord. Now, the two companies compete globally, with Aldi Nord owning Trader Joe’s and Aldi Sud running the Aldis in the US. Both companies have cult-like followings for their innovative product models and inexpensive food, but I can’t help but wonder what kind of foothold they’d have on […]

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Best Business Loans for 2020

Our content is reader-supported, which means if you click on some of our links in this post that we may earn a commission. Business owners need loans for a wide range of reasons. A loan can cover operating costs, purchase new equipment, buy inventory, or help with expansion. From startups to companies that have been around for decades, it’s not uncommon for businesses to seek funding at one point or another. If you need a loan and you’ve done any preliminary research, you’ll quickly learn that the market is flooded with choices. Banks, credit unions, and alternative lenders all have loan options for small businesses. While you might be tempted to visit your local bank for a loan, take this into consideration. Big banks approve just 27% of small business loan applications. This means you have just above one in four chances of getting approved. I don’t like those odds. […]

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Why You Should Start Your Day Like Jocko Willink

Make a dent in your daily to-dos by the time other people are just waking up. February 19, 2020 4 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. No matter where you’re at in your business venture, there’s a good chance you’ve at least once buried your face in your hands and wished there were more hours in the day. Sure, it would be nice to have more than 24 hours to take care of your to-dos, but the reality is that we’re all powerless against the laws of time and space. That’s no reason to get discouraged, though. After all, business luminaries like Jeff Bezos and Tim Cook are subject to the 24-hour day, but they still manage […]

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How ‘Risky Builders’ Star Chris Naugle Went From Middle Class to Multi-Millions

A conversation with the entrepreneur and TV personality on his pursuit of success and that perfect day. February 19, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. When Chris Naugle was growing up in a lower-middle-class family in a small town called Lockport, New York, he never imagined that he’d come to manage over 30 million dollars in assets in the financial services and advisory industry, have built and owned 16 companies over 20 years, be behind more than 260 real estate deals worth tens of millions, and co-host an HGTV series with his wife, Lorissa.  How did this always-fascinated-with-money entrepreneur build his empires from such humble beginnings? I had the chance to sit down with the Risky Builders star to find out how he came to dedicate his life to being one of America’s most well-known money mentors. I’d love to take readers back to where you’ve been, to help […]

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This Company Will Write And Design Your Story In An Impressive Coffee Table Book

February 19, 2020 3 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. We all have stories that are worth preserving. A wedding, a significant travel experience, founding your company — life is full of beautiful stories that should be documented. The problem is that few of us have the time or ability to write an autobiography, let alone turn it into an awesome coffee table book. That’s why Forevernote has created a convenient, affordable way to turn your memories into keepsake books. Just hop on the phone with a Forvernote biographer to discuss the stories you want to tell, edit the call transcript to make sure you told your story the way you wanted to, and once you’re satisfied, […]

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The 10-Step Effective Content Marketing Campaign

Content marketing isn’t hard. Follow these 10 steps to do it right. February 19, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Robert W. Bly’s The Content Marketing Handbook. Buy it now from Amazon | Barnes & Noble  What makes for successful B2B and B2C lead-generating content marketing campaigns? There are 10 key steps.   Step 1: Define the Target Audience and Their Information Needs In B2B, defining the target audience or readership involves knowing the industry, company size and prospect’s title, responsibilities, education and degree of knowledge in your chosen topic, as well as how they use your type of product in their business. You should also think about the information needs of prospects at the stage of the buying process at which you’re reaching them.   Step 2: Come Up with a Strategic or Useful Content Plan A strategic content plan is one in […]

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10 Successful Leaders Share How They Developed the Resilience to Push Through the Most Challenging Times

More than intelligence and talent, resilience is key to achieving success. February 19, 2020 15+ min read This story originally appeared on Authority Magazine It has been said that more than intelligence and talent, resilience is the single most important trait required to succeed in today’s highly complex market. In the course of our interviews with multi-industry business leaders on their most significant challenges, one common theme continues to emerge: Rapid change and disruption are the new norm in business and the only constant is the demand for resilience. And at the heart of resilience is the ability to adapt and recover quickly from adversity. In Authority Magazine’s series, “Rising through Resilience,” we explore the topic of resilience with leaders across all walks of business. Read their thoughts here: These interviews have been edited for length and clarity.  Francie Jain (CEO of Terawatt) Image credit: via Authority Magazine The steps anyone can take to […]

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Dawn of a New Decade — Rise of the Hero CEO

A successful CEO will stand for what’s right and decent. February 19, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. Last year saw an exorbitant number of CEOs leave their posts — some by choice, others were simply shown the door. In fact, more than 1600 CEOs left their c-suite position, according to executive coaching firm, Challenger, Gray & Christmas. The executive turnover was 8 percent higher from November to December 2019 alone, making it the second-highest monthly total since 2002. According to the report, the government and non-profit sectors led the CEO turnover rates with 339, an increase of 25 percent compared to 2018. The technology sector followed with 216 CEOs changing positions, up 42 percent from the previous year. Financial companies and energy companies also saw an increase in departures, whereas hospitals actually saw a decrease — a 13 percent drop from the year prior. Related: […]

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Uber Shuts Down Its LA Office and Reportedly Lays Off 80 People

The ride-hailing giant has reportedly culled more than 1,000 workers since going public last May. February 19, 2020 2 min read This story originally appeared on Business Insider Uber is closing its Los Angeles office, reportedly laying off about 80 staff members. According to the Los Angeles Times, the office’s staff were informed — without warning — that their jobs would be shifted to Manila in the Philippines. The newspaper obtained a recording of the meeting in which the bad news was delivered. Ruffin Chevaleau, the head of Uber’s Phoenix center of excellence (Uber’s term for a customer-support office), was the person tasked with delivering it. “We have decided to close the downtown LA office and we will be moving the outreach and innovation work to our Manila COE” — center of excellence — “where we can continue to support the business as it grows,” she reportedly said. “I know […]

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Coronavirus Outbreak Creates iPhone Shortage

The Chinese government’s attempts to contain the coronavirus’ spread has prevented iPhone factories in the country from fully resuming operations, Apple says. February 19, 2020 2 min read This story originally appeared on PC Mag The coronavirus outbreak outbreak has “temporarily constrained” the iPhone supply chain in China, which has been hit hardest by the illness. As a result, Apple expects to miss the $63 billion to $67 billion in sales it projected to rake in this quarter. “These iPhone supply shortages will temporarily affect revenues worldwide,” the company said in an investors’ note. The good news is that Apple’s iPhone factories in China are based outside of Hubei province, which is ground zero for the outbreak. Nevertheless, the Chinese government’s attempts to contain the coronavirus’ spread has prevented workers and shipments from freely flowing across the country. “While all of these facilities have reopened—they are ramping up more slowly than […]

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As Netflix Originals Increase, Platform Offers Less Content Overall

A decade ago, Netflix Originals didn’t exist. Now they make up for the fact that there are almost 1,500 fewer TV shows and movies on the service than there were in 2010. February 19, 2020 2 min read This story originally appeared on PC Mag As the amount of content Netflix offers each month decreases, complaints that there isn’t much to watch on Netflix may seem not be much of an issue, because the service is constantly debuting new originals. But the numbers don’t lie. Reelgood took a look at what the streaming service has had available year-to-year for the last 11 years, and the overall content quantity is way down, as you can see below. (That said, some might argue the general quality has gone up with original programming, even if one of them isRob Schneider in Real Rob.) Here’s the year-by-year comparison. 2012 was the high mark of licensed content on the […]

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7 Tips for Early Stage Fundraising From a Venture Capitalist

Pitching investors is a nuanced process. February 19, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. For early-stage founders, fundraising is a crucial, nuanced process. To help dispel some of the myths and shed light on what goes on when pitching investors, here are a few tips and best practices that can help demystify the process. 1. Offer a solution to a problem This is a critical point when pitching investors, especially if your product leverages disruptive technology. Companies that have developed innovative technology in search of a problem often have a harder time finding their path to commercialization and raising capital. Your chances of securing a VC’s attention are much better if you have created a solution to a large and acknowledged problem. Lead with the business problem you are addressing when articulating your value proposition, and then showcase the technology. This approach demonstrates the […]

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Want to Succeed on YouTube? Ask Yourself This One Question, Says E-commerce Expert Sarah Chrisp.

February 19, 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 Sarah Chrisp, founder of Wholesale Ted, a YouTube channel with actionable advice for entrepreneurs with e-commerce stores. It was condensed by The Oracles. What was a defining moment early in your life?  Sarah Chrisp: When I was 9 years old, my father bought me Rich Kid, Smart Kid by Robert Kiyosaki after I told him I wanted to grow up to be a millionaire. He had read its precursor, Rich Dad, Poor Dad, and assumed this was the “kid version” — which it isn’t. I barely understood it, but I went back to it each year and read a little more every time. While it isn’t perfect, the book taught me important concepts about time, money, and wealth. It gave me […]

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How Cultivating Relationships Helps You (and Your Company) Thrive

It’s important to keep yourself anchored to people and communities outside of work. February 18, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. “Personal relationships are the fertile soil from which all advancement, all success, all achievement in real life grows.” — Ben Stein I was on my way to one of the largest tech networking events of the season. Senior executives and entrepreneurs at different stages of their careers would gather and talk shop. It was more than a little exciting. I was in the process of growing my startup and I hoped to connect with other like-minded people in the industry. But it didn’t turn out quite how I planned. Instead of meeting lots of fasinating new people and having long, insightful conversations over the latest developments in tech, I ended up in the emergency room. It turned out that pushing myself for days, nights, and […]

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Five Steps for Booking Gigs, Getting Paid, and Building Your Platform (FS365)

“Grant Baldwin reveals many invisible but real struggles that are in the background of the public speaker on the stage: the travel, the preparation, the nerves, the hope that we will connect with people, and how to make all this effort pay the bills. For many, this will be a game-changer.” -Michael Hyatt Out guest today is one of my favorite speakers, Grant Baldwin. Grant is one of my go-to resources anytime I need to give a talk or learn to be a better speaker or onstage personality. Grant just published his new book with help from Jeff Goins The Successful Speaker: Five Steps for Booking Gigs, Getting Paid, and Building Your Platform. In today’s episode, Grant shares: some of the biggest mistakes that new speakers make when getting started how can speakers know if they have a topic that organizations actually hire for tips and tactics that people can […]

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Coronavirus Not Delaying Apple’s iPhone SE 2, New iPad Pro, Analyst Says

Both the low-cost iPhone and the new iPad Pro should get announced sometime in March, according to analyst Ming-Chi Kuo. Factory closures caused by the coronavirus are unlikely to delay Apple’s plans. February 18, 2020 2 min read This story originally appeared on PC Mag Apple might introduce several products in March, but the coronavirus outbreak suggested its suppliers wouldn’t be prepared to distribute units in large quantities. Reports indicated that Foxconn, the largest iPhone assembler, closed production facilities in China as the government aims to curb the infection and thus halted most manufacturing. Yet there might not be a significant impact on Apple’s plans after all. In a research note obtained by MacRumors, analyst Ming-Chi Kuo reveals that both the low-cost iPhone and the new iPad Pro are still expected to debut this spring. Now, Apple could go forward and announce the hardware within the next few weeks. Given the modest specifications of the long-rumored iPhone model, Apple […]

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How to Make Your Business Resilient to Disasters Like Coronavirus

From devastating earthquakes and floods to pandemics, a new set of challenges is testing entrepreneurs. Here’s how to be more resilient. February 18, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. About 10 years ago, I arrived at the Hong Kong International Airport for the first time. After the 16-hour flight from San Francisco, I had a day of meetings ahead of me. Upon exiting the plane, I was shocked to be screened for fever and any signs of flu from the Hong Kong Airport Authority. I later learned these measures were put in place after the SARS outbreak a full decade earlier. Even though the risk of SARS had receded, the preventative measures were still in place. Fast forward to today and things have drastically changed. Over the past month, the coronavirus outbreak starting in Wuhan has spread across China and put the world on […]

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How to Stay Motivated When Things Get Tough and Stressful

A five-step plan to rewire and rejuvenate your brain. February 18, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. Leadership is tough. It’s natural to lose motivation. How often do you find yourself losing motivation at work? Once a month? Once a week? Every day? It’s especially hard to stay motivated when you’re stressed. You feel lethargic. You feel like you’re just going through the motions. There’s no joy in your work. Stress causes your motivation to decrease for a reason. Research has shown that our willpower is finite and ever-fleeting. It’s like a car that’s consuming gasoline. When the gasoline runs low, the car loses steam and comes to a stop. No matter how much the driver wants to go forward, the car is stuck. It needs refueling.  The good news is, you can refuel your motivation from anywhere, without traveling to a gas station or […]

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29 Things You Should Accomplish Before You’re 30

Opinions expressed by Entrepreneur contributors are their own. I like to think of myself as a “it’s never too late” type of person. For example, it’s never too late to visit a foreign country, start a new career or learn a new skill. But, let’s be honest, there are a lot of things that you should accomplish before you turn 30. (No, becoming a millionaire isn’t necessarily one of them.) Why? Because you have the energy, time, and freedom to do so. While I’m over 30 now, I can look back on things I did do and things I didn’t do and laugh. Related: 20 Creative Ways for Introverts to Make Money There could be hundreds of accomplishments that I could have listed, but here are my essential 29 things that you should accomplish before you turn the big 3-0. As Nike would say, “Just Do It.” You will be glad you did. […]

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7 Common Mistakes That Kill a Sale

Don’t send proposals or use the word ‘contract’ and other surprising missteps. February 18, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. This article was written by Dan Lok, founder and CEO of Closers.com and Copywriters.com, and an Advisor in The Oracles. Picture this: you get to choose the clients you work with. Instead of being turned down by prospects, you’re the one turning them away. If this sounds too good to be true, you might be one of the many entrepreneurs who believe rejection is part of the game — but it doesn’t have to be. Most salespeople hear “no” more than “yes” because they make several of these critical but common mistakes. Avoid them, and you’ll be the one calling the shots. 1. Having a sales mindset This may seem counterintuitive, but don’t approach your prospect as a salesperson. Approach them as a solutions […]

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