Category: Money

Here’s how to raise capital when things get challenging. Opinions expressed by Entrepreneur contributors are their own. For the past decade, we have been in the midst of the biggest economic expansion in American history with unemployment at a historic low of 3.6%.  Naturally, during periods of economic expansion, raising capital for a startup or new business is easier. Investors are incentivized to plow capital into nascent businesses because both the prospect of return is higher in comparison to other investment opportunities and the downside risk is lessened because of target customer spending and capital replenishment. If the “times are good,” investors generally know that even if founders make mistakes, they will have ample chances and opportunities to correct them.  But what happens when the market turns and we enter a recession? Or something unexpected, a so-called, “Black Swan” event like the Coronavirus upends global markets? How do entrepreneurs raise […]

You can make money hosting events without aiming for thousands of sign-ups, vendors and high-profile guest speakers. Instead, form a free MeetUp group on a topic you’re knowledgeable about, like growth hacking, and run free events. After you secure a loyal following, charge for an event with a reputable guest speaker. Rent out a small, upscale conference room at a nearby hotel, and grow your new MeetUp by hosting exclusive, sought-after events that charge a premium for fantastic content. Read This: Start Your Own Event Planning Business by The Staff at Entrepreneur Media and Cheryl Kimball | Amazon Read_More Related posts: 17 Passive Income Ideas for Increasing Your Cash Flow Understanding the Two Types of Passive Income & Why You Need Them Five Myths About Passive Income You probably Still Believe How I Made An Extra $1,055.00 A Month In Passive Income Two Woodworkers and How They Make a Full-Time Income from […]

January 1, 2020 6 min read About six in 10 workers are heading into the holiday season with bigger paychecks than last year, according to a recent survey by MagnifyMoney — and about half of those who received a raise said it was accompanied by a promotion.  That’s all well and good, but categorizing the results by gender yielded some disconcerting figures: More men reported pay increases than women (64 percent vs. 52 percent), and men were also more likely than women to receive a promotion alongside their raise (54 percent vs. 37 percent).  Data from the United States Census Bureau backs that up: The real median earnings of all U.S. workers increased 3.4 percent between 2017 and 2018, but when you break down those median earnings by gender, men made almost $10,000 more than women.  This barrage of negative numbers doesn’t do much to help boost women’s confidence in […]

These tactics can can add up to millions in tax savings over a lifetime. October 3, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. To help entrepreneurs maximize tax savings and build long-term wealth, every school should be teaching their students these seven tax tips in financial education classes. As millions go back-to-school, the majority never learn this information in home economics and business courses. And because taxes are anyone’s greatest expense, a class on this topic should be required for every high school and college student.  What most people do not understand is that simply by increasing your understanding of the tax code, you can learn how to legally reduce your taxes by 10-40% permanently, which can add up to millions in tax savings over a lifetime. Related: 5 Ways That Billionaire Warren Buffett Pays a Lower Tax Rate Than His Secretary The good news for entrepreneurs is […]

All the money in the world won’t make a difference if you don’t have these five things. October 2, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. As an entrepreneur, you put too much time and energy into your venture not to make massive amounts of cash. Bringing in money is vital for you and your team members, who depend on you for their livelihoods. But some things are more important than money and ignoring them will make your money worthless. Here are the top five things that should take priority over the dollar in your day-to-day. 1. Your faith  This isn’t religious faith, although that can be part of it. The faith I’m talking about is the faith you have in yourself, your dream and your business. Without this faith, it doesn’t matter how good your product or service is. I’ve seen doubt destroy businesses that could […]

This infographic charts the probable timeline of the first person to have a $1 trillion (or $1 million million) dollars. October 2, 2019 2 min read The number crunchers at Comparisun have analyzed the last five years of data of the world’s richest companies and individuals to predict when they’ll join the Trillion Dollar Club. You can see the entire list here.  This is hardly exact science, and in all likelihood, none of these entrepreneurs will ever have $1 trillion. Who knows, maybe you’ll launch the next global platform that reduces these big boys to zero. Maybe this fun chart will help inspire you to do what even the most famous businesspeople of today have yet to accomplish. Predicting the world’s first trillionaires (infographic) Jeff Bezos may have lost an estimated $38 billion in his recent divorce, but the Amazon CEO is still the richest person on the planet. According to Comparisun, his net […]

Transform your career and make money by building meaningful relationships. July 16, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. It pays to be a people person. Done correctly, being a people person can pay in a very literal sense. For me, it’s helped build my businesses, created countless opportunities and has been the foundation for every success I’ve achieved. This may sound like a daunting truth to the non-networker or introvert, but here’s good news: I’ve created and proven a winning formula after years of experience and trial and error. It’s gone through many iterations, but these are the steps that lead to what I call the Velocity of Relationships. 1. Become a habitual networker. Your network can’t grow if you’re not constantly focused on it. Fortunately, there are a handful of daily tasks that will get you into the habit of cultivating a perpetually growing […]

Never mind the naysayers. Earning a high income or achieving wealth is not out of reach. June 14, 2019 6 min read This story originally appeared on fee.org This summer, thousands of moms and dads will load their children onto buses and hug them goodbye as they head off to camp to pursue their childhood dreams. Many of these kids will devote their time to practicing their curveballs and base stealing on the diamond. Undoubtedly, all of them will be dreaming of becoming the next Mike Trout or Christian Yelich. But what are the odds that the kid sitting in the fourth row of that bus will actually make it to the big leagues? Slim, yet this kid in the fourth row is joyfully sent off to camp every year. Why is that? Because playing the game is fun, and there are lessons to be learned from goals that seem […]

Information and inspiration are valuable commodities in the entrepreneurial world. May 28, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. In every industry, there are Key People of Influence. Their names come up in conversation, they attract opportunities, they make more money and have more fun.  Key People of Influence (KPIs) are different from traditional Influencers associated with “influencer marketing.” Influencers focus on increasing their follower count on social media and aren’t taken seriously unless they have over 100,000 followers. In some industries, it takes a million followers to be considered an influencer. For an influencer,  income comes when brands pay to promote products to their followers.  Key People of Influence typically have a smaller but more respected profile; people know who they are and are clear about their value. Some Key People of Influence have just a few thousand high-quality followers while others are a little […]