2014 will be an important year for many popular startups as founders will need to prove that a cool idea can also make money. 2014 Is A Make Or Break Year For These 7 Startups: Several companies have launched recently that offer innovative services and cutting-edge technology. Some of these companies have resonated with users, investors and the press to create a perfect opportunity for growth and long-term success. Many of these companies, though, still haven’t proven that they have viable, … [Read more...]
From Billions To Bust: Top Entrepreneurs Who Lost It All
Can you be too rich to go broke? Sadly, no. The past year saw more than a few billionaires wind up with nothing. Find out what did them in so you don't suffer the same fate. What’s the fastest way to end up with a million dollars? Starting with two million dollars. It can take a lifetime to build a fortune but only a few bad decisions to lose it all. No matter how much money you have, it is possible to wind up with nothing; and recently a number of famous billionaires have done just that. … [Read more...]
What Would Judge Judy Do?
She has been ranked more trustworthy than the Supreme Court, beat Oprah Winfrey in ratings and makes $47 million per season. Here are 5 things Judge Judy Sheindlin can teach you about success. December 06, 2013Judy Sheindlin, the New York family court judge turned TV star, is by all measures a great success. She is happily married. Her program, Judge Judy, is the number-one syndicated show on daytime TV with more than 9 million daily viewers. She even beat The Oprah Winfrey Show in ratings … [Read more...]
Anatomy Of A Business Pivot
Is your business stuck in a rut or, even worse, failing? If so, it might be time to consider a business pivot. The "business pivot" is all the rage in technology startup circles. The phrase coined by The Lean Startup author Eric Ries refers to the process a company goes through when it fails to achieve its vision and, in order to redeem itself, tries an often radically different approach.There are many famous examples of pivots in the technology world: Twitter began as Odeo, a podcast … [Read more...]
9 Key Business Lessons From TV’s Top Entrepreneurs
Who says you can't learn anything on TV? From Walter White to Duck Dynasty, here are lessons we can all use to grow our businesses. Hollywood often gets a bad rap for making TV programs and movies that are devoid of reality. Whether it’s CSI using technology that hasn’t been invented yet or Law & Order solving crimes in 60 minutes that in reality would take months or years to solve, writers don’t always get it right. It’s a different story when it comes to entrepreneurship, however. In … [Read more...]
How to Buy a Luxury Car for Less
It might not seem fair, but the vast majority of businesspeople care about what type of car you drive. Here's how to impress without breaking your budget, buy a luxury car for less. You don’t need to be a car enthusiast to acknowledge that what you drive says a great deal about you. Small-business owners who want to succeed need to reflect that desired success in the clothes they wear and the car they drive. This is about assuring existing and potential clients that they are doing business … [Read more...]
Selling to the Poor: A Trillion-Dollar Market Opportunity
Selling products or services that help poor people make ends meet is a trillion-dollar market. But is this good business or exploitation? Common sense dictates that if you want to have a successful business, you should sell to customers who can afford to pay you. Typically, the more money customers have, the greater their ability to pay for goods and services. But a number of companies have taken that conventional wisdom and turned it on its head. Selling to the poor may be the greatest … [Read more...]
Ocean Of Energy, A Huge New Business Opportunity at the Bottom of the Ocean
The U.S. is sitting on an underground ocean of energy--and the news is all good for small businesses. We are massive energy users. Last year, the U.S. consumed 95.1 quadrillion BTUs of energy. A BTU, or British Thermal Unit, is the amount of energy needed to raise 1 pound of water by 1 degree or roughly the energy released when you strike a match. Those quadrillions of BTUs didn’t come cheap; consumers and businesses spent over $1.2 trillion on them. Our voracious appetite for energy shows no … [Read more...]
Do Success Stories Like Facebook Do More Harm Than Good?
Too many Mark Zuckerberg Wanna-bees are warping the meaning and process of entrepreneurship. Do Success Stories Like Facebook Do More Harm Than Good? I’ll admit it's a tempting fantasy. The notion of coming up with an idea on the spur of the moment, turning into a startup business and then raising hundreds of millions of investor dollars at a nine-figure valuation is intoxicating. What business owner wouldn’t want that? There is an elite club of startups that are either pre-revenue or have … [Read more...]
Successful Startups: A View from the Trenches
Sometimes the best lessons of business success come from the trenches. What does it really take to build a successful startup? Entrepreneurs aren’t always able to genuine identify the factors behind their success. Sometimes the real magic happens in the trenches beyond the purview of the founder. Yevgeniy Brikman has worked “in the trenches” of two successful startups—LinkedIn and TripAdvisor—and based on those experiences has developed his own insights for startup success. Brikman presented … [Read more...]
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