Monday, April 17, 2017
I started my first business at 19 years old and thought I knew it all. The business quickly grew to $500,000 in gross revenue with five employees in three states. Business was good, but because I didn’t learn how to manage my business, things quickly got out of control.
Six years into the business, because of mismanaging the finances, I was $100,000 in debt. My dream of entrepreneurship had turned into a nightmare. This experience taught me some lessons that young entrepreneurs need to know.
According to the Ecoprenuerist 54 percent of young Americans (ages 18-34) want to become an entrepreneur. Entrepreneurship can be wonderful if you build your business the right way.
Friday, April 7, 2017
Entrepreneurship is not easy. According to the April 2014 Kauffman Index of Entrepreneurial Activity, 0.28 percent of adults per month started a new business in 2013.
Out of those new businesses, the majority will not survive. So what sets the successful businesses apart from the failed ones? And what tools does a budding entrepreneur need to succeed?
Any new business requires certain necessities to get started: hard work, a strong offering and a solid plan of action. In addition to these, I have come up with a handy set of five pillars of entrepreneurship that can provide a solid foundation for a new business and which every entrepreneur should utilize.
Using the fingers on one’s hand as a metaphor, start at the thumb to count down the below five pillars of successful entrepreneurship:
For startups, public relations is one of the most valuable and cost-effective pieces of a marketing mix in comparison to other channels, such as advertising.
Top-tier publications create broad awareness and give your company credibility as a leader in your industry. Trade publications are great for driving qualified leads. To get all of this coverage, it helps to have an interesting and differentiated product and a unique point of view. The following are five key points to consider as you launch your PR program.
I started my first business at 19 years old and thought I knew it all. The business quickly grew to $500,000 in gross revenue with five em...