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Entrepreneurship

Entrepreneurship

Surround yourself with friends, family and mentors who feed your flame 

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Perhaps there is truth in the Indonesian proverb that states that “a firm tree does not fear the storm.” In a hurricane, it helps to be grounded and surrounded by people who will look out for your good, encourage, protect and support you. When the winds of life howl, you’d better have an army of loved ones and mentors around you because it can make all the difference. Your associates matter During the national lockdown, there were many voices. It is normal to differ. Yet in times of pressure, when your strength is weak, and you’re at the verge of
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Entrepreneurship

Vroom targets nearly $2B valuation in impending IPO – TechCrunch

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Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Used-car marketplace Vroom continued its march towards going public yesterday with the release of an updated IPO filing. The documents it filed provides pricing information for a somewhat odd public offering. As a business, the heavily venture-backed Vroom is immature. It generates very little gross profit from its revenue (implying that it is unable to price its services attractively from a business perspective), and while it has managed consistent revenue growth, the company’s top-line gains (+39.3% in 2019) came at the
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Entrepreneurship

Time for a Change? The What and How of Business Entity Conversion

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The one constant is change. Forgive the cliché, but I think it’s an appropriate introduction as I address the topic of business entity conversions.Your clients’ businesses evolve over time — and the business environment in which they operate changes as well, especially at a time like this when the COVID-19 pandemic is having such a far-reaching impact on businesses of all kinds. As a result, the business structure they chose as a startup may no longer be the most advantageous one for their current situation. What happens at that crossroads? It might be time to consider a business entity conversion
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Entrepreneurship

Facing Crushing COVID-19 Effects, India Could Use Israeli Innovation On Its Road To Recovery. Here’s How.

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While much of the world prepares to slowly emerge from the COVID-19 pandemic, some countries are still scrambling to control the virus. One such country is India, which, despite assertions back in March that the country was surprisingly better off given its large population, is currently facing a huge number of active cases – approximately 100,000 – and a rising death toll of over 3,000. Many health officials are concerned that the coronavirus epidemic in India could be disastrous due to its largely inadequate healthcare infrastructure. Shutterstock Prime Minister Modi is painfully aware of the stress on the country’s already
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Entrepreneurship

Clocr is a Tool to Make Planning Your Digital Estate Easy

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What happens if something happens to you and you don't have an authorized legacy estate plan for your online accounts and digital assets? Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! May 30, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. If you've made a career as an entrepreneur, there's a good chance you're highly independent and self-sufficient. But just because
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Entrepreneurship

Want to be Successful? Stop Focusing on Failure

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Young entrepreneurs with great ideas will often feel an overwhelming desire to be successful. However, this desire and drive is often overshadowed by a fear of failure. In fact, this fear can be so pronounced that it completely takes over the entrepreneur’s focus, effectively derailing their best efforts to push forward to the top. The lesson? If you want to be successful, you need to stop dwelling on the possibility of failing. Here are a couple of tips to help you to stop sabotaging your success. Replace thoughts of failure with thoughts of success You know how you constantly visualise
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Entrepreneurship

Cookware startup Caraway raises $5.3M as it eyes new product categories – TechCrunch

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Caraway, a direct-to-consumer startup selling ceramic pots and pans, is announcing that it has raised $5.3 million in seed funding. Founder and CEO Jordan Nathan (previously a brand manager at e-commerce holding company Mohawk Group) told me that he became interested in cookware after burning a Teflon pan and learned more about the dangers of Teflon poisoning. In fact, although nonstick materials like Teflon are used most of the cookware sold in the United States, it turns out that that there are real health risks when those pots and pans are overheated. So Nathan said Caraway offers non-toxic, eco-friendly pots
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Entrepreneurship

15 Steps to Get You Started

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Etsy has given artists, crafters, and collectors a highly visible online marketplace for selling their own-made arts and crafts, vintage items, and crafting supplies. Are you a talented, hands-on individual with a vision of offering your creations to customers across the United States or even beyond? Then you have probably wondered how to start a small business on Etsy.I can understand why!The number of active buyers on Etsy has increased steadily over the years, going from 9.3 million in 2012 to over 46.3 million in 2019. The number of sellers who have joined Etsy has also grown—from 830,000 in 2012
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Entrepreneurship

Growth Of Million-Dollar, One-Person Businesses Accelerates

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Growing up in California, Jay Regan, 35, developed a lifelong love of diving and surfing. In 2017, he tapped into his passion for the ocean by starting a one-man ecommerce business called GILI Sports in Las Vegas, named for the GILI Islands, a scenic archipelago between Bali and Lombok, Indonesia. GILI Sports sells inflatable, stand-up paddleboards that it manufactures.  The company hit about $1.5 million in annual revenue for 2019. Regan donates a portion of the profits from each of the boards, which go for $475 to $850 each, to charities that support oceans, reefs and endangered sea creatures. Regan
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Entrepreneurship

Ready for Summer? Here are 8 Beachy Business Reads.

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May 25, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. With warmer weather and vacations on the horizon, it’s time to think about which books you’ll be reading at the beach or by the pool this summer. The slower pace and long days offer a great opportunity for entrepreneurs to get ahead and gain an advantage on competitors. Nearly all experts agree that the most successful entrepreneurs never stop learning. When asked how he learned to build rockets, Elon Musk simply replied, “I read books.” Warren Buffett offered a more detailed response when he said, “Read 500
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