Category: Entrepreneur School
Becoming a millionaire is a dream of many. This is an important milestone for any entrepreneur, too. This is why stories of the type of how to become a millionaire are so widely spread around the Internet. The most valuable ones are written by millionaires themselves, like the one below. These are the 8 slow steps for making a million Dharmesh Shah, one of the founders and current CTO of the software company HubSpot. He has already reached the one million target and here he shares some insights on the matter with you. Money, of course, isn’t everything. Not by...
Success in business can be achieved in many different ways, but if we look globally at successful entrepreneurs, we can find that they have many things in common. So if you are wondering how to be a successful one, here are 15 of the most common characteristics we believe most of them have: 13 characteristics of entrepreneurs that make it 1. They do what they are passionate about – doing what you like is a kind of guarantee, that you will give the best of yourself. This is the case in which getting bored is less likely because you are...
Starting a business is actually not that hard. Making it successful and keeping it this way is a tough task. Actually starting up is one of the easiest steps of the entrepreneurship game. Yes, there are many problems you need to solve before you launch your company – what to do, where to get money from, etc. But these are really easy questions. Then comes the real struggle – running the business successfully. More than 90% of startups don’t make it in the long run just because they get drowned somewhere in the ocean of problems they start sailing in....
A startup accelerator also referred to as a seed accelerator, is a form of a business incubator that is chasing profit by usually acquiring a part of a business and then helping the latter to grow. Its main purpose is to help high-potential business ideas with mentoring, office space, know-how, education, and of course seed capital in exchange for a piece of the equity of the new business. The support is for a certain period of time ranging from 3 to 18 months and it is usually provided at the very beginning of a start-up. Business incubators are different from...
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:...
