Exceptional leaders often excel as skilled storytellers, and for good reason. Once a company hits a certain level of organizational complexity, one of the most important tasks the CEO has is to craft intellectually coherent and captivating narratives about the firm, its purpose, and its performance. Failure in this task means undermining the very existence of the company; a sin…
As a business owner, there is nothing more exciting than watching the venture that you built thrive. When things are going well, growth can feel effortless. This can be an exhilarating experience for an ambitious entrepreneur. But the real test comes when growth slows or the business becomes stagnant. New…
In a recent team meeting, something became undeniably clear to me: Although I've got a bold, clear vision for my PR firm, not everyone on my team felt confident about stepping into it, either when I first hired them or even later, once they were an established staffer.Some felt they…
When I was growing up, my parents were in the hotel business. In fact, at one point, they owned three hotels. My dad died when I was quite young, and my mother continued operating the hotels. She did well, but she soon realized that the three hotels were too much…
I've always been a tinkerer. If I weren't, there's almost no chance I'd be an entrepreneur.When I released my first product in college, my goal wasn't to make money — it was to build something for the sake of it. I saw a problem and decided to see if I…
The alarm bells are ringing in corporate boardrooms across America. Amazon CEO Andy Jassy delivered a stark message to employees last month: the company's workforce will shrink as it adopts more generative AI tools.If one of the world's largest employers is openly discussing AI-driven workforce reductions, the conversation has moved…
When Andy Hunter, founder and CEO of Bookshop.org, followed his lifelong passion for books into the publishing industry in 2009, he noticed an unsettling shift: The bookstores that had defined his childhood and communities were going out of business — rapidly losing market share to Amazon.Image Credit: Courtesy of Bookshop.org.…
Value-based pricing has become something of a holy grail in the world of service businesses. The theory is seductive: Instead of charging by the hour or offering rigid packages, you price your services based on the value they deliver to the client. If your support helps someone generate $100k in…
Entrepreneurship is not simply a matter of innovation or capital investment. It is the act of entering a domain — an economic spacetime — defined by its own norms, expectations and conduct. Entrepreneurs often refer to these contextual forces as "culture," but they rarely unpack what this term truly means.…
In the new series, The Playbook, produced by Sports Illustrated and Entrepreneur, we bring together an elite athlete and a business titan to create a playbook for success.For this episode, retired World Series Champion center fielder and co-CEO of 400 Ventures, Dexter Fowler, met up with Mikey Tanha, restaurateur, CEO,…
Jon Taffer isn't just a TV personality. He's a walking, talking, table-flipping force in hospitality.For more than a decade, he's been shouting people into shape on Bar Rescue, building brands and turning dysfunction into multimillion-dollar operations.So when it came time to grow his own concept, Taffer's Tavern, he didn't just…
In a declining economy, startups face an uphill battle when it comes to securing funding.…
With all of the recent news about artificial intelligence (AI), it got me thinking about…
A while back, I took a couple of my grandchildren on a tour of the…
Startups face numerous challenges on their journey to success, and failing to overcome any one…
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