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Your Guide to Gaining a Competitive Edge and Succeeding as an Entrepreneur Over the Next 5 Years
As an entrepreneur, you must stay ahead and anticipate the future. To do this, you must refine your current skills and understand successful business practices while sharpening the most important skills you should master in the next five years.From recognizing potential opportunities to adapting quickly to change and maximizing resources for growth, you'll be better equipped to take your business…
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Why ‘If You Build It, They Will Come’ Is Terrible Startup Advice
"If you build it, they will come."That's the famous phrase whispered by mysterious, disembodied voices to Ray Kinsella, an Iowa farmer played by Kevin Costner in the 1989 film "Field of Dreams," urging him to build a baseball diamond in his cornfield. ("They," in this case, refers to the spirits…
Her ‘Instant Success’ Side Hustle Hit $1M Sales in 6 Months
This Side Hustle Spotlight Q&A features Kelly Bozigian, 32, of Boston, Massachusetts. She and her husband, Colt Bozigian, run Coastal Caviar, a handmade jewelry company featuring charm necklaces, bracelets and more. Responses have been edited for length and clarity. Image Credit: Coastal Caviar. Kelly Bozigian.What was your day job or…
Measuring Product Success? You’re Probably Doing It Wrong.
As a product manager or business leader, you live and die (well, fail) by metrics. For every project, feature or change shipped, you want to measure the impact. "Did this new button have any effect? It's the perfect shade of blue!"The most popular product metric is the Net Promoter Score…
Former Google Engineer Risks Everything on Brain Tech
In September 2020, Jonathan Berent walked away from his prestigious engineering role at Google X to start his own company."It was my burn the boat," Berent told me during our recent conversation on One Day with Jon Bier. He was referring to the mindset (popularized in Matt Higgins' book, Burn…
Stop Trying to Be the Next Unicorn — and Start Doing This
Entrepreneurship today is suffering from an inflated expectation problem. While social media is flooded with content about disruptive startups, billion-dollar valuations and pitches for the next unicorn, fewer people are actually starting real, sustainable businesses. The fantasy has overtaken the fundamentals.The modern entrepreneur is often trapped not by a lack…
I Didn’t Realize The Money Advice My Parents Taught Me Was Sabotaging Me — Until I Started a Business
When I started my first business, I had everything going for me. To be sure, I was terrified, but I was also young and full of grit and determination. Being confident that you'll succeed is sometimes half the battle — so is having the courage to work hard, and being…
How to Protect Your IP Without Breaking the Bank
Patents can be a hidden cost trap for startups. While they seem like a one-time expense, the reality is different.Filing is just the beginning. A single U.S. patent can exceed $50,000 over its lifetime as legal fees, government fees, international filings and annuities after issuance stack up.No wonder founders hesitate,…
What I Learned at The Dream Job That Turned Into a Nightmare
I was 23 years old, fresh out of college and landing what I thought was my big break. The company looked legitimate — it had a professional website, a steady stream of wedding clients and an office in Orange County, California. I had spent years filming weddings on my own,…
How Solopreneurs Are Scaling Past Six Figures (Without a Team)
Solopreneurship used to be seen as a fallback, or something you turned to after a layoff, in between jobs or when the corporate 9-5 grind left you burned out. Or perhaps it was a side hustle to supplement your income.Either way, it was often thought of as a stepping stone…
How UJAM Became a Music Creation Powerhouse
Originally founded in 2009 with Pharrell Williams, Hans Zimmer, and VC investors, UJAM has become the owner-operated go-to creative platform for musicians. "Our customers are a global audience of musicians, composers, and producers — from teenagers in their bedrooms to accomplished professionals in multi-million dollar studios," says CEO and co-founder…
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Creative Ways Startups Can Earn Funding in Tough Economic Times
In a declining economy, startups face an uphill battle when it comes to securing funding.…
I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
With all of the recent news about artificial intelligence (AI), it got me thinking about…
Ideas To Transform You From Good To Better To Best
A while back, I took a couple of my grandchildren on a tour of the…
5 Crucial Challenges Startups Must Overcome
Startups face numerous challenges on their journey to success, and failing to overcome any one…