Posts tagged Entrepreneurship

The Worst Parts of Being an Entrepreneur Nobody Talks About

1. Depression. Whether you’re talking about feeling a little blue or having a full-on, nonfunctional episode, it’s not uncommon for entrepreneurs to suffer from depression. 

2. Personal sacrifice. Entrepreneurs can sometimes focus on work to the exclusion of things—relationships with a spouse or with children—that will matter more in hindsight.

3. Unhealthy habits. There’s never enough time in a day to accomplish everything, and entrepreneurs often prioritize work over things like exercise, taking the time to eat properly and getting enough sleep.

For three more downsides of being an entrepreneur—and helpful tips on how to address them—visit OPEN Forum.

4 Reasons Why You Should Pay Yourself More ASAP

  1. To avoid being a crutch.
  2. To make yourself replaceable.
  3. To keep from resenting your business.
  4. To become more efficient.

To see what we mean, read small-business expert Mike Michalowicz’s take on the importance of paying yourself what you’re worth on OPEN Forum.

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12 Surprising Facts About Entrepreneurs
“I have a picture in my head of what the average entrepreneur is like. My guess would be that they’re generally pretty young (think Facebook, Twitter, Google, etc.) living the ramen noodles lifestyle and working a crazy number of hours and often sleeping under their desk.”

goodideaexchange:

12 Surprising Facts About Entrepreneurs

I have a picture in my head of what the average entrepreneur is like. My guess would be that they’re generally pretty young (think Facebook, Twitter, Google, etc.) living the ramen noodles lifestyle and working a crazy number of hours and often sleeping under their desk.”

These three entrepreneurs founded their companies before they turned 18!

Women entrepreneurs are on the rise: “The number of women-owned companies increased by 59 percent, while revenues from those companies grew by 63 percent,” according to a recent American Express study.

Kara Goldin of Hint Water, Tory Burch’s eponymous fashion line and Sara Blakely of SPANX are just a few of the women who are leading this new wave of entrepreneurship.

Via OPENForum.com: “The Next Chapter: Women Entrepreneurs Making History Today

How You Can Build A Great Personal Brand

Art entrepreneurs give great advice. We found ourselves nodding enthusiastically over every piece of advice culled from Fractured Atlas’ five 2014 Arts Entrepreneurship Awards Honorees. We especially liked this one from the founders of e-commerce site ofakind:

What is one piece of advice you would give to aspiring arts entrepreneurs?

“Think of yourself like a business. One that has to make more money than it spends. One that has to think about things like marketing, press, and balance sheets. Nobody benefits from you being a “starving artist”—not you, not your audience, and not your industry.”

What Oscar Snubs Can Teach Us All About Success

Come Oscar nod time, for every “It’s an honor just to be nominated,” there’s an actor or director peeved that their performance wasn’t even in the running. You could say it’s similar to the angst business owners feel when their business — their pride and joy — doesn’t land a spot on a coveted “best of” list or win an award.

But there’s wisdom to be found in moving past an upset like this:

Keep auditioning. Even if you’re not getting the top industry awards, or haven’t been added to the “40 Under 40” or all-time favorite blogger lists, doesn’t mean you’re doomed to failure. There’s still an audience and recognition waiting for you. Expand your social media presence by making comments on other blogs and social accounts. Consider guest blogging or asking others for their contributions. Request an interview or volunteer to give one. Keep networking and handing out your business cards. Don’t give up.

Via OPENForum.com: “What the Academy Award Snubs Can Teach You About Success

So you want to launch a new product?

Before you do anything, figure out if your product is something your customers actually want. Sounds simple enough, but you’d be surprised how many people overlook this important step. Author Alexis Ohanian put it best:

"You’ve absolutely got to make something people actually want or they’ll never stick around, let alone come back. So how do you make something people actually want? Start with a real problem. You’ve undoubtedly encountered products or services that have frustrated you. Keep a notepad handy, and write down whatever is upsetting you. There’s a good chance you’ll find a business in those notes.”

Via OPENForum.com: “3 Things To Consider Before Launching A New Product

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How to Stand Out Online in the Year of the Entrepreneur
“2014 is being called “the year of the entrepreneur” by everyone from Richard Branson to Forbes because entrepreneurs have more opportunity than ever to compete in the open marketplace against Fortune 500 brands.”

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How to Stand Out Online in the Year of the Entrepreneur

2014 is being called “the year of the entrepreneur” by everyone from Richard Branson to Forbes because entrepreneurs have more opportunity than ever to compete in the open marketplace against Fortune 500 brands.”