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Lessons Learned From a Noob Entrepreneur

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.

Source: Lessons Learned From a Noob Entrepreneur – Data Driven Investor – Medium

There are no barriers to entry – the only thing stopping you is you

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.

Source: There are no barriers to entry – the only thing stopping you is you | Ladders

Letter to a Would-Be Entrepreneur

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. […]

Source: Letter to a Would-Be Entrepreneur – Member Feature Stories – Medium

It Started As a Joke and Turned Into a Startup That Raised One Million in Funding

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.

Source: It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding

How These Three Entrepreneurs Made a Million Dollars on $35 Weebly Site

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.

Source: How These Three Entrepreneurs Made a Million Dollars on $35 Weebly Site – ReadWrite

What’s The Opposite Of A Digital Nomad?

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.

Source: What’s The Opposite Of A Digital Nomad? – Personal Growth – Medium

This Is How Many Hours I Work On The Weekends

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

Source: This Is How Many Hours I Work On The Weekends As A CEO

How to Build a Profitable Business Online by Selling Nothing

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.

Source: How to Build a Profitable Business Online by Selling Nothing

The Best Business Strategy No One Talks About

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. […]

Source: The Best Business Strategy No One Talks About – The Mission – Medium

How I Went From High School Dropout to Millionaire CEO in Two Years (And You Can, Too)

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?

Source: How I Went From High School Dropout to Millionaire CEO in Two Years (And You Can, Too)