Ready to Be an Entrepreneur? Here’s How to Make Your Second Act a Success.

You don’t have to feel stuck in corporate life. Take the first steps toward turning your passion into success. September 9, 2019 10 min read Opinions expressed by Entrepreneur contributors are their own. From what we see on TV, online and scrolling through social media, startup founders are young, male and living in Silicon Valley. But according to various studies the average first-time entrepreneur is in their 40s. The Kauffman Foundation found that older people started more businesses than younger people in recent years, and another study by the organization found that nearly 70 percent were married and 60 percent had at least one child when they launched their first business. The motives include everything from getting rich to not wanting to work for someone else. And this isn’t just a “moment” for the older generations — the feeling of being stuck in corporate life has been building for some time. Two-thirds of Baby […]

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6 Ways to Run Your Career Like a Billionaire CEO

The secret to professional development is taking control of the direction of your career. Learn from these billionaire CEOs. August 29, 2019 5 min read This story originally appeared on fee.org Whether you’re a young graduate just starting your career or someone who is feeling the vocational version of the “Seven Year Itch,” the secret to professional development is taking control of the direction of your career. Many young professionals have been taught to ask for permission and seek guidance at every turn. At times this is understandable because young professionals have much to learn. But, it is easy to misapply this lesson and end up feeling a lack of control over your own career. Professional success starts with being the CEO of your own career. Ray Kroc, the visionary who took McDonald’s restaurants from seven small locations to the global chain it is today, once said, “The quality of […]

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10 Inspiring Dwayne ‘The Rock’ Johnson Quotes That Prove Anything Is Possible

There’s much to learn from the professional athlete, Hollywood actor-slash-producer and five-time Guinness World Record holder. August 26, 2019 3 min read While much of his success first started in the wrestling ring, today Dwayne “The Rock” Johnson is one of the most successful names in Hollywood. Of course, going from six-time WWE heavyweight champion to one of the world’s highest-paid actors, it’s safe to say it took hard work, motivation and passion — traits have been with him throughout his entire life. Related: 50 Inspirational Quotes to Motivate You Before wrestling, The Rock had his go at football, playing in college and almost going on to play for the NFL, until he experienced two serious injuries. Pushing past the hardship, The Rock’s next stint was in wrestling. Following in his father and grandfather’s footsteps — both successful wrestlers themselves — Johnson quickly became one of the best wrestlers of all time. Yet, by […]

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Is It Time for a Financial Stress Test?

Unsure about your financial wealth planning? Consider a stress test. August 22, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. If you’re a successful business owner, it may be high time to conduct a financial stress test on one or more aspects of your business and wealth planning. I’m regularly involved in overseeing financial stress testing for exceptionally wealthy families with considerable business interests. Often, the outcome of the process is that everything is as good as it can be. However, when problems are found, they tend to be severe and potentially quite damaging. Related: Preempt Crises With a Financial Stress Test Before Problems Occur A few years ago, I was introduced to a billionaire family that was feeling uneasy about some aspects of their wealth planning. The family’s advisors were very creative and, as a result, the family paid very little in taxes on both the […]

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Strategies to Stop Overthinking and Start Goal-Setting

You goal-setting plan starts with acknowledging your negative thinking. August 21, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. What do Oprah Winfrey and Mark Cuban have in common? Aside from being hugely successful media moguls (not to mention, billionaires), they didn’t let early-career setbacks block their roads to success. Told that she didn’t have the chops for television news, Winfrey was fired from her first news reporter gig. Cuban was axed from a job as a software salesperson after disobeying his boss in order to make a profitable sale. Important side note — he never worked for anyone else again. Both Winfrey and Cuban went on to build their own empires. Related: The Secret to Successful Goal Setting Resilience is a critical trait for succeeding as an entrepreneur. Rumination, on the other hand — dwelling on negative thoughts and setbacks — can derail you from achieving your […]

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How a Terrible Motorcycle Accident Led to a Business Built on Relieving Pain

Dr. Jason Wersland describes his invention, the Theragun, and provides inspiration for entrepreneurs. Opinions expressed by Entrepreneur contributors are their own. Dr. Jason Wersland is the co-founder, creator, and Head of Performance Development for Theragun. His percussive massage therapy device relieves pain and helps your body move. He invented the Theragun as a solution after a motorcycle accident left him in constant agonizing pain and now the device has been adopted for use by everyone from athletes to weekend warriors looking for muscle relief and recovery. Clinic Director of NYC Sports and Spine, Dr. Nicholas J. Rozborski explains, “The vibration of the device adds a therapeutic component to decrease muscle soreness and gives proprioceptive effects to the nervous system.” Put more simply, as a 40-year-old who enjoys CrossFit, I can tell you: this thing is a game-changer.   After speaking with Dr. Wersland about the Theragun technology and transition to entrepreneurship in the health space, here is what I learned: […]

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What It Means to Be a Hero

In this episode of the Capability Amplifier podcast, Mike Koenigs and Dan Sullivan share the secrets of becoming a hero — to yourself and others. August 15, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Who do you want to be a hero to? This is one of the most powerful questions every business owner, leader and entrepreneur needs to answer to truly know who their ideal client or customer is. This question and the path to finding the answer is this focus of the latest episode of the Capability Amplifier. No matter what business, industry, product or service you provide — you need to understand the challenges your customers face so that you can create the right message at the right time, through the right medium to attract them back to you and your brand. And the more intimate that connection is, the more trust you create. […]

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‘If We Don’t Know the Product, We Can’t Invest’

The entrepreneurs in this week’s episode include teenagers, felons and cancer survivors. August 7, 2019 2 min read Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, then gives them just 60 seconds to pique the judges’ interest. It’s a high-pressure, fast-paced environment in which startup founders need to race against the clock while maintaining their composure to make a clear, deliberate pitch that covers at least three essential components: Defining the company Making the request Specifying what the investment money will be used for The investors watch the pitch through a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the group votes on whether to open the doors or send the founder back down and pass on investing. Related: Entrepreneur Elevator Pitch Season 4 Episode 9: ‘That’s a Flop’ The first pitch in this episode has some major […]

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All Vodka Is the Same. So Why Is Some More Expensive Than Others?

It’s about what people are really paying for. August 6, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. All vodka is the same. Really, it is. Don’t believe me? Then listen to Alex Goldmark and Dan Pashman’s entertaining Planet Money podcast, where they prove it. The two journalists sent out three samples of vodka — an expensive Grey Goose, a homemade version and a bottom-shelf cheap kind — to an independent lab, and the lab came back saying that the taste of all three was pretty much equal. Actually, because one of the samples had slightly more of a compound that could cause allergies, a rep from the lab said that the cheapest vodka — and not the expensive Grey Goose — was actually better. Related: How Food and Beverage Brands Can Stand Out to Retail Buyers Why is this? “Title 27, Section 5.22 of the Alcohol, Tobacco and Firearm code […]

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How Danielle Bregoli (AKA the ‘Cash Me Outside’ Girl) Turned Viral Infamy Into a Million-Dollar Career

She went from minor Dr. Phil guest to highly successful rapper and influencer. July 31, 2019 7 min read Opinions expressed by Entrepreneur contributors are their own. When Danielle Bregoli went on Dr. Phil in September of 2016, she was “car-stealing, knife-wielding, twerking 13-year-old,” and her mother simply couldn’t deal with her anymore. The episode was a moment of infamy, giving rise to the viral “Cash Me Ousside” meme. Afterward, Danielle left the show to go to rehab, with high hopes to turn it all around. But, like with any troubled teen, the odds were stacked heavily against her. Just three years later, Danielle clearly has. At just 16 years of age, she has several hit songs under the pseudonym “Bhad Bhabie,” millions of dollars in endorsement deals, over 16 million followers on Instagram, and a career that’s still going up. Regardless of how you look at it, her story […]

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Entrepreneur Elevator Pitch Season 4 Episode 9: ‘That’s a Flop’

Many of the companies in this week’s episode still have a lot left to prove. July 31, 2019 2 min read Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, then gives them just 60 seconds to pique the judges’ interest. It’s a high-pressure, fast-paced environment in which startup founders need to race against the clock while maintaining their composure to make a clear, deliberate pitch that covers at least three essential components: Defining the company Making the request Specifying what the investment money will be used for The investors watch the pitch through a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the group votes on whether to open the doors or send the founder back down and pass on investing. Related: Entrepreneur Elevator Pitch Season 4 Episode 8: ‘This Stands for Everything I Stand Against’ This episode […]

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How Karen Akunowicz Sliced and Diced Her Way to Success

Chef and restauranteur Karen Akunowicz shares her recipe for resilience and pursuing your passion. July 30, 2019 7 min read Executive Chef Karen Akunowicz is the real deal. The 40-year-old chef grew up in New Jersey and started out in the restaurant industry as a waitress. After attending the Cambridge School of Culinary Arts, she worked in many Boston restaurants including Via Matta and Oleana, and then as head chef of Myers+Chang where she received a James Beard Award and won best chef in the Northeast. In addition, she was a contestant on Top Chef, co-author of a cookbook, and just recently opened up an acclaimed restaurant in South Boston called Fox & the Knife. Entrepreneur spoke with Akunowicz about her rise to success and tips on making your dreams into a reality. This interview has been edited for length and clarity. What sparked your interest in food? I didn’t […]

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What I Learned Working for Oprah Winfrey for More Than 20 Years (Podcast)

Listen to the incredible career and life lessons Sheri Salata learned while serving as executive producer of ‘The Oprah Winfrey Show.’ July 29, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. “A full-blown catastrophe.”  That doesn’t exactly sound like the way you’d expect a super-successful woman who produced TV for arguably one of the most powerful woman on the planet to describe themselves, does it?  On the most recent episode of Capability Amplifier, I had the awesome opportunity to sit down and get to know Sheri Salata, who for more than 20 years held one of the most heralded jobs on the planet as the executive producer of The Oprah Winfrey Show. She dedicated decades to her dream job, and shared the reality behind that dream: “I think that when people hear about a 20-year career with Oprah Winfrey, it sounds like I just left college and sailed right into Harpo […]

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Entrepreneur Elevator Pitch Season 4 Episode 8: 'This Stands for Everything I Stand Against'

Can these entrepreneurs convince the judges to invest in crowded fields like coffee and fashion? Read_More Related posts: Entrepreneur Elevator Pitch Season 2 Ep. 4: Self-Made Self-Care ‘Entrepreneur Elevator Pitch’ Season 1 Contestants Raised $492,000 on Indiegogo 3 Simple Things Every Successful Pitch Needs 3 Components of the Perfect Elevator Pitch The SEO Elevator Pitch – Whiteboard Friday How to Perfect Your Elevator Pitch for Investors (60-Second Video) Bob Saget’s Hilarious Tips for Delivering the Perfect Elevator Pitch Ralph Lauren Stands Out on Slow Day for the Entrepreneur Index™

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How a Childhood Toy Inspired This Entrepreneur to Launch Her Business

Reminded of her passion, Laurie Gray ditched the corporate world and launched the Pie Bar bakery. July 23, 2019 3 min read This story appears in the July 2019 issue of Entrepreneur. Subscribe » There’s something about working with dough that’s calming and therapeutic. I learned that from my mother, Beverley. As a child, I’d be by her side as she’d make cookies, brownies, breads, lemon bars, and pies — all from scratch. I’d then spend hours in my bedroom in a make-believe kitchen, replicating what I saw with my Little Chef toy oven. Years passed. I grew up. After two decades and a career in banking, I decided, Heck, I’m going to give baking a shot instead. In 2003, my friend and I put in $500 each, stocked a space in a commercial kitchen with supplies, and started baking pies. We wholesaled to about a dozen local food stores […]

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Use This Green Beret Method to Find Out if Someone Is Trustworthy

Thinking about a new partnership? Check these boxes before you sign on the dotted line. September 21, 2016 6 min read In our ongoing psychological warfare series, former Green Beret Sergeant Major (retired) Karl Erickson has shared simple methods you can use to tell if someone is lying, as well as a couple of tricks to get a liar to tell the truth.  This week, he turns his attention to partnerships. While commanding special forces missions over the past decades, Erickson had to quickly learn how to find reliable partners that wanted to help him succeed, and avoid bad partners that wanted him to die. While life and death (hopefully) isn’t factoring into your business relationships, here are some of his tips to see if you’re signing up for a fruitful or frightful partnership. Know your enemy. “Or in this case, know your potential new partner. The first thing I’d advise you to do […]

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3 Ways to Unleash Your Creativity

Clever tips for getting inspired, motivated, and prepared to maximize creativity. July 16, 2019 3 min read Creating something from nothing isn’t simple. Inspiration, perspective, motivation, and the right tools are all critical elements to creativity. Having the exact right combination of all of these things, at the perfect time, isn’t always easy to come by. Good news: There are strategies we can employ to give our creative sensibilities a jolt and ensure that we’re prepared to build whatever our hearts—or jobs—tell us we have to do. Consider the following tips for unleashing your inner creative brilliance: Related: 5 Ways to Unlock Your Entrepreneurial Creativity 1. To spark creativity, get moving. Sitting at your desk in front of a screen all day isn’t usually the most effective setting for dreaming up big, clever ideas. One of the best ways to get the creative juices flowing is to get up and […]

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3 Business Lessons I Learned, Believe It or Not, From Watching the ‘Jonas Brothers’ Documentary

The band is back together, but only after some honest, hard conversation and a whole lot of vulnerability. July 12, 2019 9 min read Opinions expressed by Entrepreneur contributors are their own. It’s a Thursday night. I’m looking for something to watch on TV after my demanding workday as CEO and founder of my own coaching business, which requires and deserves my best and most thoughtful self. Related: A Jonas Brother’s Baby, Brought to You by Procter & Gamble In fact, there’s nothing I love more than a break from my own high-powered mind. So I’m clicking around, and I land on this happy, beautiful photo of three young dudes: The Jonas Brothers. I don’t know who they are, but I know that the actress who played Sansa Stark — whatever her name is — is married to one of them. That’s enough for me to click “play.” And while I’m prepared […]

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The Entrepreneur Who Became a Billionaire After Being Rejected by Facebook

How Jan Koum, founder of WhatsApp, overcame adversity and became a self-educated tech billionaire. June 20, 2019 4 min read This story originally appeared on fee.org Jan Koum had a rough upbringing. At 16, he immigrated from Europe to the United States with his mother and grandmother, who were fleeing political unrest and religious persecution. Jan’s mother got a job as a babysitter in California while Jan went to school and worked at a grocery store cleaning floors. His father planned to join Jan and his mother once they were settled, but he got sick and died five years later, unable to be reunited with his family. Jan’s mother was diagnosed with cancer, to which she would succumb just three years after Jan’s father passed away. From personal adversity to billionaire Perhaps not surprisingly given the adversity in his life, Jan acted out in school and got into trouble. He […]

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‘It Hit All the Ingredients Except a Good Product’

This episode of our weekly pitch show features all sorts of strategies, with different rates of success. June 19, 2019 2 min read Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, then gives them 60 seconds to pique the judges’ interest. It’s a high-pressure, fast-paced environment in which startup founders need to race the clock while maintaining their composure to make a clear, deliberate pitch that covers at least three essential components: Defining the company Making the request Specifying what the investment money will be used for The investors watch the pitch through a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the group votes on whether to open the doors or send the founder back down and pass on investing. Related: Entrepreneur Elevator Pitch Season 4 Episode 3: ‘There’s No Crying in Baseball’ The first entrepreneur of […]

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