- Tuesday, 05 November 2013
- Written by Puneet Lakhi
No human is perfect, and as such failure at some point or another, is failure. Some mistakes are more serious than others, but overall, what's more important isn't how much or how big you fail, but instead how you react or bounce back from failure.
We asked 11 young entrepreneurs what advice they would each most like to share with others about failure. Just because they are successful entrepreneurs now doesn't mean they aren't experts on failure. In fact, many would argue that failure is often an unavoidable and vital step on the road to success.
- Thursday, 24 October 2013
- Written by Lucy Harper
Knowledge and optimism are two vital fluids in the machinery of innovation and entrepreneurship. Knowledge gives us the vision to see gaps in the market where our innovation could fit and optimism gives us the drive to see those ideas through.
Those heady moments when both come together to crystallize into a business idea can change the course of lives.
- Friday, 11 October 2013
- Written by John Sanders
For most businesses, a loan is the difference between opening or expanding and seeing a dream go unrealized. Unless you're independently wealthy, or have a rich uncle who believes in you, you're going to need a loan for expansion, for payroll, for inventory, for start-up costs.
There is a right way and a whole lot of wrong ways to apply for a small business loan. Follow this guide and get it right the first time.
- Friday, 27 September 2013
- Written by Rachel Matthews
Glossophobia is the fear of public speaking (as seen in Google's recent, really cheasy, ad for their Nexus tablet). It’s said that nearly 75% of all people have this fear. The inability to speak publicly cuts down your chances of reaching new audiences.
An entrepreneur relies on this ability to share their ideas and vision which often leads to gaining startup capital from VC’s. Likewise, it’s this ability to talk openly that an entrepreneur gains access to their community which are the people that will allow the business to grow.
- Tuesday, 24 September 2013
- Written by September Dorhhmann
There’s a lot to hate about networking. Between the awkward small talk, the forced smiles, and the conversational partners who look right past you while you’re speaking to them, a networking session rarely feels genuine. But it’s a necessary evil, right?
When we’re networking, we’re all armed with our own agendas — how could anyone expect to have an authentic conversation?
- Friday, 20 September 2013
- Written by John Sanders
If you run a small business or are working on a start-up, you know the importance of productivity and organization. Having a clear workspace and reliable equipment can make all the difference. If your desktop computer looks like an icon dump, it could be costing you more than the view.
Productivity experts warn that cluttered icons trigger stress, while making things frustrating to find — not to mention, they make you more likely to lose track of important work and files. Fortunately, some simple steps can clear desktop clutter.
- Tuesday, 17 September 2013
- Written by YEC
The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world's most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.
We asked 11 members of the YEC what they felt they wish they knew before starting up, and have compiled their responses below, so that hopefully you can avoid the same mistakes and be better prepared when starting up a new business.
- Friday, 30 August 2013
- Written by Henry Tinsley
You exercise to avoid a heart attack. You eat healthy to avoid high cholesterol. But what do you do to avoid business burnout? Yes, business burnout is a serious problem, just like the aforementioned conditions, and should be viewed as such. In fact, PubMed Health reports that it is a medical condition that can cause your business to fail and your health to deteriorate in record speed. So what can you do about it? You need to be proactive to ensure that this debilitating condition does not impact you and your business in any way, shape, or form.
- Friday, 23 August 2013
- Written by YEC
Finding a great mentor is crucial for the success of any young entrepreneur. A great mentor can provide invaluable expertise, advice and inspiration about a specific business idea or starting up in general. Most successful people have a great mentor to thank for pushing them and making them better on the road to success.
We asked 10 successful young entrepreneurs to fill us in on who they felt was their most influential mentor. Their answers are below:
- Monday, 19 August 2013
- Written by Nathan Barton
It has often been written that the appeal of Jacqueline Kennedy Onassis was her innate ability to make the person she was talking to feel like the only person in the world. Onassis was known for honing in on the person directly across from her, undistracted by anything else that might be going on.
Listening is a powerful tool as you build relationships that will ultimately benefit your startup. What you say is far less important than how well you listen to what someone else is saying. When people are asked to define communication, they normally describe the techniques they use to express what they feel, think and want.
- Friday, 16 August 2013
- Written by Zoe Maldonado
In the world of big business, managers of large global organizations rely heavily upon sophisticated enterprise resource management systems to help them keep their operations running lean and efficient. Traditional small business has neither the need nor the budget for such advanced tools. This of course does not mean that there are no meaningful ways for small business managers to use present day technology to trim overhead and expenses. For any size business, inefficiency is a profit killer, but cutting costs indiscriminately is not the answer either. The key to small business profitability is in discovering ways to reduce overhead without eroding the company culture or brand.
- Wednesday, 24 July 2013
- Written by Mike Moyer
One of the most common and devastating mistakes an entrepreneur can make is a bad equity split. I see it every day and I’ve done it myself. Several years ago I started a business, called BlipNut.com, that allowed anybody to leave anonymous comments on any website using a browser plugin. I thought that people would be more candid about their opinions if they didn’t have to leave their names. The company would make money by showing ads at the top of the comment area. It was a cool idea (I thought), but I’m not a developer so I needed to find a partner.
- Sunday, 23 June 2013
- Written by YEC
Answers are provided by members of the Young Entrepreneur Council (YEC), an invite-only organization comprised of the world's most promising young entrepreneurs.
In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.
- Thursday, 20 June 2013
- Written by Lisa Calhoun
Companies with great ideas, great teams, and lots of money fail every day. Companies with great relationships rarely do.
A key predictor of success is how quickly you can scale not just your capital, but also your connections. This is critical for entrepreneurs who consider taking on outside investments. Chances are good that you’ve given due consideration to the investment you need in terms of capital — but have you thought about the other connections you’ll need to grow your company?
- Tuesday, 30 April 2013
- Written by YEC
Were you born to be an entrepreneur?
The following answers are provided by members of the Young Entrepreneur Council (YEC), an invite-only organization comprised of the world's most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.