November 19th is officially proclaimed as Global Women’s Entrepreneurship Day (Yay!).
It’s a pretty big deal here in the United States, along with 143 other countries. If you are, by chance, in NYC this weekend, consider swinging by the United Nations or Athleta Union Square for some Women’s Entrepreneurship Day (#ChooseWomen) celebrations!
As a female entrepreneur, I’m pretty stoked about Women’s Entrepreneurship Day, as my entrepreneurial experience has been quite empowering. Not only did starting my own business help me achieve class mobility and higher education, but it also provided more freedom and resources for my family’s future.
Few things in life are a one-person show, and entrepreneurship – excuse me, successful entrepreneurship – is no exception.
Entrepreneurs need a team of supporters every step of the way.
Leadership guru John Maxwell stated, “Teamwork makes the dream work, but a vision becomes a nightmare when the leader has a big dream and a bad team.”
Assembling you’re A-team ASAP can truly be the defining factor as to whether your entrepreneurial vision becomes a dream or a nightmare. There are five key people that every entrepreneur should recruit to ensure career success.
Let’s check out the entrepreneurial dream team line-up:
It’s here –the day you take the leap into the wild and wooly world of entrepreneurship, leaving behind the security and stability of a “normal” job.
The leap is thrilling.
It’s also completely terrifying.
For myself, there were many nights during Year 1, Year 2, and a few in Year 3, where I laid awake wondering, “What in the @*&% did I just do?”
Looking back, there were several key actions I should have taken before quitting my job to go full-time in my business. They say hindsight is 20/20 – well, maybe a few aspiring entrepreneurs can glean some wisdom from the things I wish I’d known.
Here’s the scoop on 5 things you should do BEFORE you quit your day job and dive headfirst into the world of entrepreneurship:
Guest Post: Elena Tahora
Startup companies do not run on just ideas.
There is equipment involved, a place to operate and of course, people to hire. This is where ‘seed funding’ comes into play.
The seed funding is initial capital a company raised to fund the startup. The seed funding can come from the owner’s own pocket but most of the time it comes from outside. In order to raise the money you need, you have to negotiate well with investors.
Raising seed funding can be quite hard so we have gathered a few tips that may help you along the way!
When I started my business, I knew I was gonna make millions.
Yeah, it didn’t quite work out that way…
Chances are, when you started your company, you were planning on cashing in as well.
But what happens when hitting the motherlode Month 2 doesn’t?
What can you do when your business isn’t making money?
Does a zero profit margin mean you have to say “goodbye” and “no more” to your business brain child, or is there a few Hail Mary’s you can claim to give your entity a fighting chance?
Guest Post by Salma El-Shurafa
Entrepreneurship is about untying knots and finding solutions.
Setbacks are an inevitable occurrence. The journey as an entrepreneur has twists, turns, bumps, bruises, and even roadblocks. These events are designed to restructure one’s purpose and passion for making an even greater breakthrough than before.
Ups and downs are what great business is all about. These fluctuations are comprised of the elements of life.
Admittedly, motivation is difficult to summon when we are faced with defining times. I will teach you how to stimulate and drive your performance after experiencing serious setbacks.
Kansas City’s one of those surprising Midwestern entrepreneurial hubs, at least that’s what I’m told when networking in NYC and SoCal.
A quick look at Kansas City’s industrial history, especially within the realm of agriculture and energy, will reveal ample evidence supporting the City of Fountains’ long standing tradition of entrepreneurial innovation.
In 2015, Cushman & Wakefield ranked Kansas City (KC) as one of the top tech cities in the nation. Since then, KC has continued to maintain top rankings in the realm of entrepreneurship and technology, proving there’s more to this former-flyover city than may initially meet the eye.
As a non-Midwestern native, I met KC’s recent headlining as “America’s Most Entrepreneurial City” with great skepticism. I’d previously regarded the KC area as a landlocked metro surrounded by wheat fields, and inhabited by 1980’s-era conservatives. Continue Reading…
Not everything about starting a business is fun.
In fact, a lot of the work during the early growth stages just, well, sucks.
Yes, you read that right.
Startups can be stressful; however, the sucky, pull-your-hair-out growth stage isn’t forever. In fact, the not-so-fun startup phase can provide you a lot of information about both your business and your market – what works and what doesn’t work – that will shape your company’s future. Being able to weather the startup storm, and respond to the growing pains of your baby biz can be a “make it or break it” phase of your entrepreneurial career.
Here are three tips for making the growth phase less “sucky”:
I joined my first Facebook group way back in 2013.
I can’t remember what it was called, but know it had something to do with business.
The digital space was just picking up steam as an entrepreneurial hub, and many of the widespread social courtesies we experience today weren’t really “widespread”, yet.
Needless to say, that well-intended business-focused Facebook group quickly became overrun with a steady stream of shameless self-promo leading to a feeding frenzy of tabloid-like social spats and virtual pissing contests.
Bottom-line: it wasn’t helpful. Continue Reading…
Starting a business for the first time can be scary, stressful, and all other terrifying adjectives.
Even with all the right “things” in place – supportive team, business education, adequate financing, etc. – first time entrepreneurs can be swept away with the hundreds and hundreds of critical decisions that rewired within those first few months.
As with any new venture, entrepreneurship is trial and error – sometimes you make good decisions, other times, those decisions prove to not be so good.
Reflecting over my years of serial entrepreneurship – some which were profitable, others not so much – I’m reminded of some major mistakes I made my first year in business. It’s my hope that by sharing these new entrepreneur “oops!” you can be saved some unnecessary headache as you chart your own entrepreneurial journey. Continue Reading…