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. 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? 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. 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.
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. 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. 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? 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. 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. Quiz: What's Your Entrepreneurial I.Q.? 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. In 2007 MacMillan opened a gym based on the system, and though it attracted NBA players as well as high school and college athletes, it wasn’t enough to keep the lights on. Tough sacrifices entrepreneurs must make - Business Insider. Every entrepreneur starts out with big dreams and excitement.
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%. And this failure typically occurs within the first 120 days. As noted entrepreneur and founder of renowned startup incubator Y Combinator, Paul Graham put it bluntly in a 2007 speech: 7 TED Talks you should watch if you want to be an entrepreneur - Business Insider.