12 Documentaries on Netflix That Will Make You Smarter About Business. Awakening the entrepreneur within. 11 Vital Books for First-Time Entrepreneurs. From 2011 to 2013, I read 197 books. I read about history, physics, science, health, world travel, space exploration, the ocean, fitness and mathematics. I read bestsellers, classics and unknown authors. However, the underlying foundation of my reading was rooted in startups and entrepreneurship (not simply because I build startups, but because I have a sincere passion for it). Here are 11 books I recommend for all first-time entrepreneurs (and really any entrepreneur for that matter), not in any order. 1. This book is still a must read, even though the Lean Startup movement is not as radiant as it was from 2011 to 2013. The whole premise of the book is to view startups as science experiments, by testing and analyzing everything you do, to help you save money and time to ensure your idea has some sort of demand.
Related: 3 Psychology Books to Change Your Mindset (and Your Business) 2. Jason Fried is a diabolical genius. 3. 4. Disruption. 5. 6. 7. 8. 9. 10. This is not a business book. Why Smart People Make Bad Entrepreneurs. One of the most counterintuitive traits that can hurt entrepreneurs is smarts. Yes, the more successful you are and the more talents you have, the harder it is to run a business. While you may think that being smart, motivated and talented would logically make someone the best possible candidate for entrepreneurship, unfortunately, this is often not the case. The 'I'm better than everyone at every task' challenge. The smart-people problem starts back in school when the dreaded “group projects” are first assigned. Knowing the 80/20 rule for work (80% of all work is done by 20% of the people), what do you think happens in every group project?
The smartest and most talented people in each group decide that they are going to do the lion’s share of the work. And thus begins the smart-people work cycle. Related: Never Hire a Honey Badger There are only 24 hours in each day and a person does need to sleep, eat, shower and do certain other things. Why slackers can reign supreme as entrepreneurs. 5 TEDTalks Every Entrepreneur Needs to Watch. I’m a big fan of TEDTalks -- they’re full of insights on everything from human nature to scientific breakthroughs to trends in design. They’re inspirational, informative and eye-opening in ways that can help you become a better person and a better professional. For the aspiring entrepreneur, they exist to help you challenge your assumptions, believe in yourself and push you to be the best leader you can possibly be.
Then again, wading through those thousands of talks for just the right lecture on business development can be intimidating, especially if you’re just in the mood for a quick talk on your lunch break. That’s why I’ve compiled this list of essential TEDTalks, which every entrepreneur should see: 1. This TEDTalk by Navi Radjou is all about minimalistic applications in the field of problem-solving.
For the entrepreneur, this means working with limited capital, resources and time. Related: 5 TED Talks That Will Inspire You to Be a Better Entrepreneur 2. 3. 4. 5. Limited Time Offer. 3 Inexpensive or Even Free Ways to Forge Your Business Web Presence. An expert in the field of creating "virtual storefronts" estimates that as many as half of all businesses that have been around for more than 15 years are invisible online.
For years, places such as local pizza parlors, auto repair shops and plumbers have survived without Internet identities. Related: 14 Amazingly Free Stock Photo Websites “There’s no hard data on it since it’s impossible to really count who’s not online,” said Jeff Lerner, founder of Xurli. “But there is a shockingly high number of startups and established small businesses that have not even done the most basic, even free, things to meet customers online.” Yet the fact that older, established businesses are getting by without a web presence does not mean you should try it -- especially if you’re an entrepreneur starting a new venture. 1. Believe it or not, many of the basic things you can do to get your business online are free. “It’s unbelievable the free web tools that businesses overlook. 2. 3.
Entrepreneur Coaching. Entrepreneur ideas. The 5 Worst Cash-Flow Mistakes Small-Business Owners Make. No matter how great your business model is, how profitable you are or how many investors are interested in supporting your business, you can't survive if you can’t manage your company’s cash flow. Related: 8 Expenses Businesses Should Pass on to Customers In fact, a prominent study from the financial services company U.S. Bank found that as many as 82 percent of startups and small businesses fail due to poor cash-flow management. So, even if you’re a brilliant entrepreneur in every other way, you must stay squarely focused on managing your company’s cash flow to avoid putting your business in imminent danger. Here are five of the most common cash-flow problems: 1. Overestimating future sales volumes Relentless optimism is a key trait of successful entrepreneurs. Unfortunately, not every interested looker will actually make a purchase.
That’s why it’s so important to complete objective and realistic sales forecasting based on historical evidence and real numbers. 2. 3. 4. 5. Why One Company Got Rid Of Emails, Meetings And Managers For Good. Our company just turned 8 years old, has a presence in all of Latin America, and currently has 36 members on its team. Our biggest obsession? Productivity. Since 2007, we have analyzed each one of our tasks in order to exponentially increase our earnings. As a result of this process, we eliminated email six years ago; we eliminated meetings three years ago, and now, we work without project managers. Here are the reasons why we implemented these three changes and how we made it happen: 1.
The first thing that came to our attention was the negative impact emails were having on our company. The rest of the world still does not recognize that email, now over 20 years old, is the least productive tool you can use. The two main disadvantages are: 1. It is communication behind closed doors. 2. How do we solve this? Basically, we developed our own tool for work specifically designed for our needs, but it’s very similar to what Trello currently offers. 2. 3. 1. 2. 6 Business Books That Will Revolutionize Your Business and Change Your Life. Books have the power to change lives. We live in a time when books are more affordable and accessible. Yet, fewer entrepreneurs read books, using the excuse of a lack of time. If you can’t find time to read, you as an entrepreneur will not grow, which will have an effect on your business.
If you study any successful entrepreneur, you’ll see one of the keys to their success is that they educate themselves through books. You can get books these days for as little as .99 cents. Here are six books that can help you create a business and life you love. 1. Dixie Gillaspie is an author, coach, speaker and fire starter. Related: How Reading Books Reduces Stress and Makes You Smarter at the Same Time 2. Tony Robbins is a pioneer in the personal development space, but his book on finances is like a graduate course in college.
Money is not everything in life, but it is important, especially in the business. 3. 48 Days to the Work You Love. 4. 5. 6. Join Entrepreneur LIVE Oct.7 NYC. 20 Lists Every Entrepreneur Should Create. Being a startup founder who is obsessed with my own personal growth, I frequently get sucked into blog posts with titles like “The top 5 traits of all successful entrepreneurs.” These articles tend to cite characteristics such as passion, persistence, inspiration, an eye for talent, a data-driven mindset, great communication skills, and the ability to galvanize team members toward a common long-term vision. Yet there’s one extremely critical skill that I never seem to hear anyone talking about: list management. This skill may not sound sexy, but there is absolutely no way an entrepreneur can succeed without obsessively maintaining updated lists of all resources and projects that will contribute to his or her endeavor’s success.
Such lists may be in the form of spreadsheets, Evernote files, contact lists, Salesforce files, Dropbox folders, Trello boards, paper to-do lists or any number of other accessible formats. Related: 5 Traits All Successful Startup Entrepreneurs Have 1. 2. 3. 4. 5. Quiz: What's Your Entrepreneurial I.Q.? You think you know business? Take our quiz and find out how well attuned you are to the demands of being an entrepreneur. Common characteristics in areas such as family background, childhood experiences, core values, personalities and more turn up time and time again in studies of entrepreneurs.
Find out how you fit the mold by determining your Entrepreneurial Quotient, or EQ. The following test is no measure of your future success, but it may show you where you excel and where you need to improve to help make your business soar. Join Entrepreneur LIVE Oct.7 NYC See will.i.am, Alexis Ohanian, Daniel Lubetzky + network with 100s of other forward thinkers. ENTER CODE: 360NYC FOR A SPECIAL RATE. Bouncing Back From Failure, a Fitness Business Gets It Right. This story first appeared in the August issue of Entrepreneur. To receive the magazine, click here to subscribe. Pessimists might say MaxOut Strength Systems is cursed.
Optimists—including Royersford, Penn. -based Jason Griggs and Matt Cubbler, who are launching a franchise based on the unique weight machines—would argue that the third time’s the charm. Despite two false starts, they believe they’ve got what it takes to get the fitness world pumped, and they’re ready to put their money where their muscle is with MaxOut Strength Studio. The MaxOut system was developed over a 13-year period by orthopedic surgeon Michael MacMillan at the University of Florida in Gainesville. The machines allow users to lift weights at one resistance and lower them at a higher resistance, a technique that builds muscle 20 to 40 percent faster than working with conventional strength equipment. “We had a choice,” Griggs says. How did you refocus the brand? How do you cater to your young clientele? Tough sacrifices entrepreneurs must make - Business Insider. Every entrepreneur starts out with big dreams and excitement.
As an entrepreneur, you control your own destiny, and with the right ideas, the right skillset and unflinching dedication, you can build wealth or establish an enterprise to serve as your legacy. This is the bright side of entrepreneurship, but unfortunately, there’s also a darker side. The rigors of entrepreneurship demand sacrifices, and if you don’t make those sacrifices you’ll never be able to succeed. Business is, at its core, a give-and-take process. The more you invest, and the more you’re willing to part with, the more you’ll reap in rewards in kind. Related: 5 Reasons Entrepreneurs Burn Out and Quit These are the five sacrifices that every entrepreneur needs to make: 1.
You’re starting a new venture, and there’s no guarantee you’re going to succeed. Entrepreneurship is, by nature, an unstable path to follow. 2. When you become an entrepreneur, the lines between your working life and your personal life will blur. 3. 4. 18 mistakes that will kill your startup. Why Most Startups Fail. While 400,000 new businesses start every year, 470,000 small business will shut their doors in the same period. That’s a net loss of 70,000 businesses a year. Yet, the US has one of the highest rates of entrepreneurship in the world, and has the highest confidence rankings by a decent margin.
The statistics for web or tech startups in particular are even worse. According to multiple sources, the failure rate for new tech startups is around 90%. As noted entrepreneur and founder of renowned startup incubator Y Combinator, Paul Graham put it bluntly in a 2007 speech: If you can just avoid dying, you get rich. It seems as though Graham’s intuition is backed by some compelling data. Sure, one could argue that the startups that make it past the vetting process of these VC’s are already primed for success, but the sheer magnitude of change suggests that there is more to the answer than this and that this answer might apply to a broader range of businesses than the VC-funded startups. The Problem. 7 TED Talks you should watch if you want to be an entrepreneur - Business Insider.