Browsing Category

Entrepreneurship

Entrepreneurship/ Freelancing

How to Price Yourself and Your Business

freelancers discussing price at a coffee shop

Starting my business, I was completely lost when it came to pricing my services. I was terrified that I’d price my work too high, a mistake that could cost many tons of customers, or price way too low, a mistake that could cost me tons of money. Either way, pricing my offerings was (initially) a huge headache, surrounded by weeks of agonizing anxiety over whether or not my rates were “too high” or “too low”. 

Truth it, selecting the right price tag can mean the difference between losing money or making money – in more ways than one. The wrong price can leave the entrepreneur missing would-be revenue, losing money on each sale, not selling anything, or unable to fulfill orders cost effectively. Any way you approach the pricing dilemma, research your competitor’s prices and undercutting them isn’t exactly a dream-formula for perfect price selection.

Continue Reading…

Entrepreneurship/ Money Matters

5 Student Loan Strategies for Millennial Entrepreneurs

jar of coins

Student debt is a big deal for many millennials.

That “educational investment” yield a lower ROI than expected?

Over 40 million Americans currently struggle with student loans, with the national burden of federal student debt rising over $1 trillion

Yowsers!

The average student debt load for today’s millennials recently registered at over $35,000 – a financial obligation that can put the “no-go” on many costly life events, such as getting married, having kids, and buying a home. A 2015 survey by Bankrate indicated that 56 percent of people ages18 to 29 have put off major life events – even purchasing a car and saving for retirement – because of student debt.

Many of you may be thinking, “Yep – that’s me!”

Continue Reading…

Career Advice/ Entrepreneurship

Entrepreneurship: Is It for You?

computer with do more on screen

Type “entrepreneurship” into your favorite search engine and a popular – and unreferenced – definition is almost certain to pop-up:

“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.”

Did you catch that?

“…living a few years of your life like most people won’t…”

While there are hundreds of more academically-accepted definitions of entrepreneurship, this internet sourced description is most relevant I light of my entrepreneurial experiences.

Continue Reading…

Career Advice/ Entrepreneurship

Is My Business Idea a Good One?

Not businesses are a success.

While there are many factors influencing whether or not a business will turn a profit, all successful businesses start with one thing in common – a good business idea.

Aspiring entrepreneurs often run in circles, trying to figure out whether or not their latest hare-brained startup inspiration is financially feasible.

Will the business model work? Will it turn a profit? Will customers support their new business? Is there any way to know whether or not their business idea will work before betting the farm?

Good news: Entrepreneurs have a framework for testing business idea feasibility without diving in head first.

Continue Reading…

Career Advice/ Entrepreneurship

Celebrate New Year’s by Letting Go of Sunk Costs

Millennial woman working at a laptop

2018 is just around the corner – New Year’s fireworks, parties, and the never-ending resolutions.

If your social media feed is anything like mine, it’s currently clogged with “I will…” and “My Resolutions…” posts.

Some resolutions have to do with personal development, like health and generosity.

Others are more professionally-focused, such as finishing a degree program or expanding a department.

This time of year, the New Year, is all about one thing – the future.

Continue Reading…

Entrepreneurship/ Gender Equality

3 Reasons Entrepreneurship is Awesome for Women

woman entrepreneur walking on street

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.

Continue Reading…

Entrepreneurship

5 People You Need on Your Entrepreneurial Team

entrepreneurial team

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:

Continue Reading…

Entrepreneurship/ Networking

Confession: I Hate Networking

Throughout the majority of my life, I’ve lived with an extreme level of social anxiety – like projectile-vomit-all-over-Brooks-Brother’s-suits-at-an-industry-networking-event level of anxiety.

I love meeting new people in small settings and learning about other’s life stories, but a tech conference filled with abrupt, in-yo-face “Let’s connect!”, “What’s your valuation?”, “Who’s on your client list?” makes me want to ditch the whole event agenda, hole up in my hotel room, and Wikipedia local historical sites.

It’s that bad.

I began my entrepreneurial journey in the era of boom or bust tech-based startups. The markets had crashed, national employment was in the crapper, and this thing called the internet was exploding almost overnight.

The popular business gurus hailed as the poster boys of success were the extremely extroverted, snake oil salesmen peddling “success” to all of us nearly-bankrupt professionals like a crack dealer cruising Beale Street.

Continue Reading…

Career Advice/ Entrepreneurship

5 Things You Should Do Before Quitting Your Job

resume and laptop on a desk

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 are 5 things you should do BEFORE you quit your job to become an entrepreneur:

Continue Reading…

Career Advice/ Entrepreneurship/ Gender Equality

4 Tips to Conquer Your Career

conquer career

This post is brought to you on behalf of the Forté Foundation. The content does not necessarily reflect the views of the Forté Foundation.

Until ten years ago, I had never actually met a professional woman – an educated female that made a living wage. Growing up in fundamentalism, I was raised in a culture that did not acknowledge gender equality and restricted women to very limited roles as wives and mothers. I had no idea what developing a career involved or even how to get started. The majority of my homeschool education had been focused on the domestic arts – childcare, cooking, cleaning, etc. – and neglected subjects like math, science, and finance (all the things you wouldn’t find in the job description for a housewife).

My junior year of college, I finally encountered a real-life professional woman – a visiting professor of biochemistry. She was confident, educated, and owned her own house. I knew I wanted to be just like her, but I had no idea how to get there.

Continue Reading…