Posts tagged entrepreneurs

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.

"My strike zone is when other people are underestimating me. I’m going to get through every obstacle and leave them with their jaws dropped.“ — Zoe Barry, a young entrepreneur with zero experience in the $1 billion specialty prescription industry she’s disrupting now with her company, ZappRx.
Via OPENForum.com: “ZappRx: Small Steps Make a Big Impact in Health Care”

"My strike zone is when other people are underestimating me. I’m going to get through every obstacle and leave them with their jaws dropped.“ — Zoe Barry, a young entrepreneur with zero experience in the $1 billion specialty prescription industry she’s disrupting now with her company, ZappRx.

Via OPENForum.com: “ZappRx: Small Steps Make a Big Impact in Health Care

$750,000 for a Negative Yelp Review?


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The ongoing battle between business owners and angry reviewers just got even more heated.

Christopher Dietz, a Washington D.C. contractor, is seeking $750,000 in damages from a former customer because she left one-star reviews on Yelp and other online review sites. Dietz says these reviews included numerous fabrications and harmed his business.

According to the suit, the customer, Jane Perez, posted reviews claiming that Dietz charged her for work that wasn’t done, damaged her home and that jewelry went missing during the project. Dietz was hired in July 2011 by Perez, a retired captain in the armed forces and former classmate of his, to paint, refinish floors and handle plumbing work, among other tasks. (You can read Perez’s Yelp review of Dietz Development here). The trial started on Monday in Fairfax, Virginia.

Via OPENForum.com: “Business Owner Sues Customer For $750,000 Over Yelp Review

Education activist Malala Yousafzai, Witer/Actor/Director Lena Dunham, and Snapchat founder Evan Spiegel among the Young Leaders to Watch in 2014.

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Lesson from Elon Musk via “5 Entrepreneur Talks You Must Watch Before 2014”:

…there’s always something wrong. It’s usually something small. At any moment, the probability of failure is high. Ultimately, you can’t let the small details derail your big vision. Keep your heart, and head, on track, and your potential will be limitless.

It’s Global Entrepreneurship Week! Check out what entrepreneurship looks like around the world.techcocktail:

Entrepreneurs Around the Globe Rated Their Startup Scenes. Here Are the Results

If you ask 10 people ‘what is a small business’, you’ll get 10 different answers. To answer this, here is a framework to explain the 7 Stages of Small Business Success. In it, are the seven stages of small business are and at each stage, the critical success factor that it takes to move the business forward to the next stage of success.

(via Visual.ly)

If you ask 10 people ‘what is a small business’, you’ll get 10 different answers. To answer this, here is a framework to explain the 7 Stages of Small Business Success. In it, are the seven stages of small business are and at each stage, the critical success factor that it takes to move the business forward to the next stage of success.

(via Visual.ly)

Are You A Rhino Entrepreneur?

Quite a few entrepreneurship heavyweights have weighed in on the issue of quitting.

Paul Graham, founder of Y Combinator, one of the leading accelerators in the world, says that companies fail for one reason and one reason alone: The founders quit.

Let’s face it: Startup life is brutal. The failure rate is high. Even the companies that succeed face long, grueling slogs. You also have to deal with a constant stream of criticism, from customers, competitors, co-workers, and sometimes, investors. If anything goes wrong, rest assured, it’s your fault. And startups often rip you from your comfort zone on a daily basis. There is no soft couch to sit on. You are usually in a fight for survival, relevance, attention, sales, revenue, talent, and funding. Relax for a minute—and you’re toast.

That’s why I tell my students contemplating launching new ventures that the first thing they need to get right is their mindset.

The proper mindset for a fledgling entrepreneur is that of… a rhinoceros. Sure, rhinos are known for their massive horns and tough skin. But there are some lesser-known qualities that rhinos and great entrepreneurs have in common. Read more.

It is important to develop an internal culture that encourages experimentation. We did that and that’s how we came up with Lyft. I’d also tell them to be open to pivoting. Remember that the company you start off with isn’t always the company you end up with. And know that is okay.

nasdaq:
“The key enterprising skills I used when first starting out are the very same ones I use today: the art of delegation, risk-taking, surrounding yourself with a great team and working on projects you really believe in. As you mentioned in your letter, I suffer from dyslexia but was able to turn this to my advantage. I delegated the areas I struggled with to people who also believed in the project. This freed up my time to focus on what I was good at – the strategy of the magazine, making contacts and developing marketing.” 
 

That’s advice from Virgin Founder Richard Branson, in a letter he wrote recently to a 12-year-old girl. Want to read more? Check out the full article here: http://www.linkedin.com/today/post/article/20131017113836-204068115-advice-for-a-business-studies-student

nasdaq:

“The key enterprising skills I used when first starting out are the very same ones I use today: the art of delegation, risk-taking, surrounding yourself with a great team and working on projects you really believe in. As you mentioned in your letter, I suffer from dyslexia but was able to turn this to my advantage. I delegated the areas I struggled with to people who also believed in the project. This freed up my time to focus on what I was good at – the strategy of the magazine, making contacts and developing marketing.”

 

That’s advice from Virgin Founder Richard Branson, in a letter he wrote recently to a 12-year-old girl. Want to read more? Check out the full article here: http://www.linkedin.com/today/post/article/20131017113836-204068115-advice-for-a-business-studies-student