Category: Entrepreneur School
Money is the lifeblood of any business. It is the fuel that any company needs at any stage of its existence. No matter how big it is, no matter how many workers are employed, any venture needs financing to stay operational. In this article, we will go through the different stages of financing and see the different ways businesses obtain their money in their life cycle. Funding Stages / Business Financing Stages Seed Funding Stage – this is the very first stage of financing, in which the business may not even be founded yet. This is the money used for...
Seed capital also referred to as seed funding is a commonly used term in the business world. But what does it mean and how exactly is it used? Well, in this article I will try to explain its basics. So, seed funding is a form of financing in which the owner of a business receives money in exchange for a part of the equity of his/her company. It is called ‘seed’ because it happens at the very beginning of the business before even the latter generates any money (before it is started). This makes seed funding a very risky investment...
Who is Evan Spiegel? Evan Spiegel is one of the founders and the chief executive officer of the popular service for transferring messages Snapchat. This young entrepreneur is only 23, and recently he was offered $3 billion for his business. The offer was made by the social giant Facebook and actually, it was … refused?!? Let’s make it crystal clear, we are talking about 3 billion US dollars here… in cash. Who just refuses such amount of money that would be enough for the living expenses of thousands of people? Well, Evan does. Actually many entrepreneurs wouldn’t accept even...
Entrepreneurs and their startups make the business world go round. They are the ones who bring innovation, who quickly fill up new market niches, the most agile, responsive to change, adaptable… These are all qualities that big and clumsy corporations lack. So why do small businesses fail then? If they are so efficient shouldn’t they be the ones left standing in the end? Although being small comes with many advantages, it has a lot of disadvantages also – lack of financing, HR resources, all kinds of resources… Starting and running a new company is not an easy task. Some researches...
Inspiration is a key factor not only in business but also in any other aspect of life. If you have inspiration, you have also motivation. In fact, inspiration is pretty much the best motivation, isn’t it? In this sense, we found a cool presentation in which you can find 44 really inspiring quotes from 44 great entrepreneurs, authors, inventors. So, have a look below and get your dose. 44 Inspiring Quotes Great quotes, aren’t they? If you think so, please, consider sharing this post on some social sites. Thanks for that.
Entrepreneurs are people, who have a certain mindset. If you take two random successful entrepreneurs you will be amazed by how much in common they have in their thinking. They would not only be similar regarding the things they do but also there would be many things they never do. Here is an interesting article on the matter that we found on the Internet. Below you can see 7 things any self-respecting successful entrepreneur doesn’t do. If you want to become such, it would not be enough only to do certain things, you should also stop doing some like these:...
Daymond John is an American businessman, best known as the founder and CEO of the fashion company FUBU. He is also a famous entrepreneur, investor, television personality, author, and motivational speaker. You may have watched it on TV, he participates as an investor on Shark Tank – reality television series on ABC. In this show he and four other business executives (the sharks) get ideas from everyday people, choose profitable projects and give money to their entrepreneurs to start them as a business. Today Daymond John has an estimated net worth of around $250 million and he has been a...
Being creative is the most important business quality today. No business can stay competitive for a very long time without being creative. But what is creativity? It happens when something new and valuable is born, a brand new concept, product, service… actually it can be anything else. Innovations, the most powerful economic weapon, are a bright example of creativity. There are countless examples of how innovations have changed business history, you can read about many such examples here on this site. There are hundreds of stories about David and Goliath here, in which a student starts a company in his...
Affiliate marketing is one great way to start a business online, no matter if you have or don’t have a product/service to sell. This is a kind of business where you get paid for performance (sales). It is one of the easiest to start, but also one of the most difficult to manage and earn from. Why? It’s easy to start because of the low barriers to starting, there are many people giving it a try here. Practically everyone with a computer and the Internet can start selling online. But this big number of participants also makes this niche highly...
Mark Cuban is a well-known entrepreneur and business mogul not only in the United States but also in many other countries in the world. He is one of the guys many young people want to be like, having accumulated a net worth of around $2.5 billion (2013) and being the manager and the founder of a bunch of successful businesses. Currently, he is best known as the owner of the National Basketball Association’s team Dallas Mavericks (The Mavs), he also stays behind Landmark Theatres, and Magnolia Pictures, and is the chairman of the well-known HDTV cable network – AXS TV....
