There are few feelings like building something from nothing. All the hard work seems worthwhile when our vision comes to life. being an entrepreneur is not just a job. It is an identity. Entrepreneurism is like oxygen. It’s not optional. Once you have an idea, you need it to breathe. Once you have that vision, it’s a drug that seethes through your blood every day. We say things to ourselves like, “What was I doing with my life before I came across this?”
What is entrepreneurship? Start with 2 Perspectives That Help You Be a Better Entrepreneur
We often talk about what it takes to be an entrepreneur. Once you make the leap, you will experience […]
What Is The Definition Of An Entrepreneur? Your Balloon is Always Full
We’ve all been at a party when one of the guests barely touches a balloon and it pops. It’s all because […]
The definition of an entrepreneur depends on who you talk to. And so does being a leader. But regardless of the definition, there are two things that entrepreneurs must have - ego and humility. Successful entrepreneurs understand that you need a healthy dose of both - even though the dominance of one can often mean the downfall of a really great idea or team or vision.
Everyone dreams of becoming a successful entrepreneur and the hardest part is figuring out how to get there. Steve Madden's "Self-Made" highlights some of New York's most intriguing entrepreneurs. Perhaps more importantly, it is a unique expression of Steve's passion to give back to entrepreneurs as we all overcome the struggle of starting a business.
We are excited to announce that the Spanish version of The Lonely Entrepreneur is being released. And it all starts on a book tour throughout Mexico. Throughout the week of August 13, The Lonely Entrepreneur team will be doing book signings in Guadalajara, San Miguel and Mexico City. We have partnered with some Mexico's most prestigious bookstores including Sanborns to help entrepreneurs throughout the Spanish speaking worldwide community and the country of Mexico.
You’re an entrepreneur with a big idea and you’re poised to disrupt your target industry. Intellectual property is key to your success. To get your company moving, you may bring in others such as co-founders, employees, consultants, advisors, developers and creative talent. Founders, employees, developers, suppliers, and other contractors should all be bound by a written agreement stating that all intellectual property created in connection with the services performed for the startup is assigned to the startup. Absent a written agreement, the individual or entity providing the services will generally have ownership rights in such intellectual property, which will cause problems for the startup when it is looking to raise capital or be acquired. You have to set yourself up for the future by making sure that all of the intellectual property developed along the journey belongs to the company.
Failure to understand your cash position and current and future cash needs can ruin a business, even a profitable one.The sad truth is that cash-flow surprises kill many startups. Overall, 90 percent of small-business failures are caused by poor-cash flow, according to Dunn & Bradstreet. To prevent becoming part of the 90 percent, you'll need to maintain a focus on cash. When it comes to the financial management of a growing company, always remember that cash is king.
Many businesses struggle not because they can't generate sales, but because they don't manage cash. There is nothing more important to the success of your business than your system for managing cash due from sales through your process of billing and collections. You can have lots of customers, but if you don't collect money from them, you will go out of business.