There are 2 types of organizations — those that start with a mission and find a solution (think Kiva’s micro-financing) and those that find a solution to a need, then come up with a mission (think Facebook). The story behind the first is much stronger, but the latter is usually more promising and further along towards Silicon Valley success. We were in the first bucket. Our mission was clear: we wanted to educate and compel consumers to be better stewards. But our solution? That was our quest.
I promised myself I’d never, ever give up. And then I promised myself to never get discouraged that I wasn’t the best, or that there were “too many other people doing what I do.” You need to promise yourself the same thing. I truly believe this is just as important to success as having a great idea, persevering through down times and working hard.
Is it difficult to be an entrepreneur? Absolutely. But it’s also fun (and terrifying at same time). It’s just like caring for a baby. You are excited about the idea, but there are times when everything turns to poop and you’re constantly up in the middle of the night. You are going to be tired and frustrated, but also fulfilled beyond anything you could have imagined. If that sounds right, you are ready to handle the ups and downs of being an entrepreneur. If not, this isn’t your time to have a startup — after all, unlike with a baby, you can’t hire a nanny to do the work for you. […]
Is your startup struggling to gain traction? Imagine generating interest in a toilet paper company… Helping save the environment is just one of the many reasons that inspired Kufus, a former Boy Scout, to launch a startup that offers toilet paper on a recurring subscription-based model, similar to other businesses like Dollar Shave Club and BirchBox.
Just because you build it, doesn’t mean they will come (unless of course you’re a Kardashian.) For the rest of the hustling, everyday entrepreneurs sitting on a great idea, you have to build it- promote it- and then they might just land on your online store and shop. The secret recipe to digital success is often in the elusive and mysterious role of marketing. Here are 5 clever marketing tactics used by digital entrepreneurs on the DIY e-commerce platform Weebly that helped them cross the million dollar threshold last year.
It feels almost weird to acknowledge it: I make a full-time income using nothing but a laptop and an internet connection. I wasn’t born to be an entrepreneur, so growth’s been slow, but for the past four years, I’ve made a very livable amount of money for a single dude in his 20s.
As the CEO, your job is to stay sharp, well rested, emotionally stable, and self aware. The moment you stop being any of those things, you suffer, your team suffers, your work suffers, and your company suffers. Which means, the name of the game isn’t to do “more.” The game is to do more than enough, so that you are competitive and making terrific progress, but not so much that you’re running a sprint pace during a marathon. – Nicolas Cole
Imagine a business that contains no fulfillment, deliverables or customer support and can be sold for 25 times its monthly net profit. Now, imagine this business also maintains a consistent 30 percent margin and could be managed without any full-time employees. Sounds too good to be true, doesn’t it? Well, it’s not.
For me, it’s a crucial part of the legacy I’m building. I want to build big businesses and buy the Jets, but I want to do it by being a good guy. I have zero interest in building the biggest building by tearing other people down. The problem is that most people see kindness as a weakness. They confuse it with being passive or being a pushover. The truth is, people who view kindness as a negative are just insecure themselves. You can only be kind if you feel that you’re coming from a place of leverage. […]
I’m a high school dropout—no college education, no business training. Yet, I started a steel manufacturing company from scratch in 2016, and it’s on track to gross more than $30 million this year.
When I started, I knew nothing about the intricacies of my industry. I couldn’t tell you how to laser print on steel, what paint to use, or the financial ratios of a home décor business. But now I can tell you anything. What’s my secret?