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The Psychological Price of Entrepreneurship

The Psychological Price of Entrepreneurship

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Funders and Founders Notes Funders and Founders Notes We explain entrepreneurship and startups visually through infographics. Find drafts from our future book here. 10 Tips for Staying Focused From 10 Very Busy Young Entrepreneurs Getting a business up and running is the opposite of the typical 9-to-5 job. There's no time to fully clock out, founders work endlessly and having to be a Jack-of-all-trades means maintaining focus can be difficult. Having just wrapped up their three-month stint working out of Techstars' New York City-based office, the entrepreneurs that make up the tech accelerator's graduating class know a thing of two about staying productive amidst chaos. Daymond John: How to Use the Power of Broke to Build Your Business One of my favorite things about being the host of The School of Greatness is that I get to learn from the best minds in the world about stuff I am fascinated by. Yes, it’s as awesome as it sounds. There are few things I geek out about as much as smart ways to make money and build successful businesses. So when I got the chance to sit down with Daymond John, of Shark Tank fame, I was stoked. If you don’t know him already, Daymond is the real deal. He started his first business when he was 6 years old, selling pencils at his school, and hasn’t let up since.

5 Ways to Know If Your Business Idea Is Brilliant or a Bust Fifteen years in the home-improvement business taught Matt Fineberg that no one pulls the trigger on a big-ticket project—such as a new roof or windows—without first getting a handful of estimates. When he began building his Philadelphia-based estimate marketplace, Bestimators, in 2013, Fineberg thought he knew what his potential customers needed, and how to deliver it. “I heard ‘I need to get a few more estimates’ daily for the better part of a decade, so I hired a contractor to build out a product to help homeowners do just that,” he says. A former design-build “aquascaper” (a landscaper with a focus on water features) who charged a consultation fee for his services, he assumed his new business would work on the same model. But feedback from homeowners showed him otherwise.

The Only 5 Ways You Can Become Rich Join us in a city near you at Entrepreneur’s Accelerate Your Business event series kicking off Feb 23. View cities and dates » There are many definitions of what it means to be rich. Meet Some of the Most Promising New York City Startups The New York entrepreneurial ecosystem is BOOMING. A clear indication of this is in the numbers of new companies that are being created everyday. Not only are a ton of new companies being created, the quality is, in my opinion, getting better every year. I have a birdseye view on the market, being the CEO of AlleyNYC and having the awesome opportunity to mentor for Techstars. The other day, Techstars had its Winter 2015 NYC Demo Day, and the companies presenting were all amazing. The following list of companies along with a brief description is proof that the NYC startup scene is stronger than ever.

20 Reasons Your Pitch Deck Failed Pitching your idea to potential investors is difficult enough without worrying about the quality of your pitch deck. Avoid these 20 common pitch deck mistakes to ensure your deck works for you as an invaluable tool to help you secure the investments you need to make your ideas a reality. #1: Boring Cover Slide It might be surprising, but your cover slide is quite important and shouldn’t be overlooked. The 7 Elements of a Strong Business Model Creating a business model isn’t simply about completing your business plan or determining which products to pursue. It’s about mapping out how you will create ongoing value for your customers. Where will your business idea start, how should it progress, and when will you know you’ve been successful? How will you create value for customers? Follow these simple steps to securing a strong business model.

PRESS RELEASE: BASECAMP VALUATION TOPS $100 BILLION AFTER BOLD VC INVESTMENT CHICAGO — December 1, 2015–Basecamp is now a $100 billion dollar company, according to a group of investors who have agreed to purchase 0.000000001% of the company in exchange for $1. Founder Jason Fried informed his employees about the new deal at a recent company-wide meeting. The financing round was led by Yardstick Capital and Institutionalized Venture Partners. In order to increase the value of the company, Basecamp has decided to stop generating revenue. “When it comes to valuation, making money is a real obstacle. Our profitability has been a real drag on our valuation,” said Mr. Strategies for Learning from Failure The wisdom of learning from failure is incontrovertible. Yet organizations that do it well are extraordinarily rare. This gap is not due to a lack of commitment to learning.