Category: Start a Home Business

This Startup Uses Artificial Intelligence to Help Companies Find Employees Who Fit Their Culture

Through artificial intelligence and machine learning, Hitch helps companies find the talent most compatible with their organizational culture. January 26, 2021 4 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Hitch is the talent discovery platform that offers the information based on data and on the development of applied neuroscience with Artificial Intelligence that companies need to select the best professionals, develop leaders and discover talents, that is, find that needle in the haystack for their key positions.Personnel selection will never be the same againAmong many things that are changing, for example, the traditional job interview has changed forever. Now, video interviews are studied by algorithms and in this way it is possible to know with much greater precision and depth the qualities of the candidates. That, in addition to many other resources, are part of what Hitch…

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How to Run a Paperless Solo Business

Eight tips to safely start or transition into a more streamlined venture. January 25, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. This is the fifth in a series of original columns for Entrepreneur.com by Laura D. Adams that will publish two Mondays a month. And don’t forget to purchase a copy of Adams’ latest book for Entrepreneur Press, Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers, via Amazon | Barnes & Noble | Bookshop | IndieBound.In addition to saving trees, there are many advantages to running a paperless solo business. Not only does paper demand time to process and physical space to store, but it may contain confidential information that puts you or your customers at risk.  Use these tips to safely start or transition your solo business into a paperless venture. 1. Opt out of junk mailIf your mailbox gets regularly stuffed with junk mail, such as pre-approved insurance or credit offers, the following resources will help you eliminate it:Optoutprescreen.com is the official site for…

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3 Tips on Starting a Successful Wine Brand

How savvy entrepreneurs can bring veritas to the vino industry. January 25, 2021 4 min read Opinions expressed by Entrepreneur contributors are their own. Always harbored a desire to enter the wine industry, but concerned you need special training and a grape-squishing background to be a success?Brice Baillie, recently named a 2020 leader by “Wine Business Monthly”, has achieved international recognition as the CEO and founder of the Obvious Wines Brand.Soon after his arrival in America from France, Baillie found the display of California wines on store shelves perplexing. Though the bottles had labels revealing the appellation of the vineyard, that information did little to explain how the wine would taste and he realized the potential of launching a new brand with a label that would clearly communicate the flavors and mouthfeel to consumers.This set Brice off on a quest to create, package, and market the bottles he would aptly name Obvious Wines.Wine packaging…

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6 Reasons to Pursue Entrepreneurship in Retirement

Plus: Ideas for how to get started. January 22, 2021 6 min read Opinions expressed by Entrepreneur contributors are their own. If sitting around just isn’t your thing, then retirement is the perfect time to live out the dreams you may have put on hold. Simply filling empty hours with pointless recreation may feel like the opposite of freedom for many of the 72 million U.S. baby boomers, who have worked their entire lives. Launching your own business may be your ideal “retirement lifestyle.”     Six reasons to start a business in retirementStay active. Studies have indicated that the average retiree will experience a significant health issue within six years of retirement, commonly including heart disease, stroke, arthritis and depression. Staying motivated, active and connected is the best way to combat health declines due to aging. Being active includes exercising daily. Exercise may seem like a daunting task, but it’s easier to be active…

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How to Deal With Unforeseen Success

The co-founder of a holistic skincare company shares lessons learned after experiencing 400-percent growth. January 20, 2021 1 min read Opinions expressed by Entrepreneur contributors are their own. Quinton Lewis is the co-founder of Herb’N Eden, a holistic skincare company specializing in handmade soap bars — a company that experienced 400-percent growth in 2020. In this clip from an episode of “The Startup Story” podcast, Lewis talks with host James McKinney about what he wishes he’d known and done to prepare for success.Listen to the complete interview on this episode of “The Startup Story.”Lewis’s key suggestion for entrepreneurs is to prepare ahead of potential success to avoid playing catchup when you’re busy. Namely, he suggests:Investing a

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What Is the Right Incubation Process for Your Startup?

Take note of these three tips to know what’s best for you. January 21, 2021 4 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Opinions expressed by Entrepreneur contributors are their own. The incubation model that has been implemented for more than 10 years in Mexico seems to be that it has not changed much in some of the institutions that today promote the creation of startups. Business incubators have allowed the development, maturation, linking of entrepreneurs that, otherwise, would be impossible and in the worst case would lead to failure; According to figures from Small Business Trends , 90% of new startups fail or die, and those with the highest mortality rate are the information technology, construction and manufacturing industries. In the particular case of Mexico, according to data from The Failure Institute , 75% of startups…

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How to Really Leave Your 9 to 5 for a Freelance Side Hustle

Create your escape plan to go full-time with your freelance business and discover how to handle your exit professionally. January 20, 2021 4 min read Opinions expressed by Entrepreneur contributors are their own. Congratulations! You’re one of the growing number of U.S. side hustlers that are wondering whether it’s worth staying in your day job. Over the past eight years as a freelancer, I’ve watched hundreds of students and clients go through this process of deciding to go full-time with their business. In this article, you’ll learn more about what to know before you make the leap and how to create a plan that will get you there.Decide your client or revenue numbersIt’s hard to walk away from a regular paycheck, even if you’re not passionate about your job or you feel that it’s unstable. Without some specific reason to leave, like your boss blowing up at you for the…

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How to Launch an Online Clothing Brand in 2021

Now is the time to capitalize on what will be a post-pandemic wardrobe revolution. January 20, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. It goes without saying that the 2020 quarantine made for a seismic shift in consumer behavior. The market has quickly morphed to an online-first mentality. This has created a huge opportunity for entrepreneurs across the globe to create digitally native product brands.Related: Macy’s to Close 45 Stores in 2021“The number one question I get asked when helping my clients start their own apparel brand is ‘what kind of clothes should I make?'” said John Brown, head of the ecommerce operations company Be Fulfilled. “This is a complex question that has many potential answers.”John has helped clients create multi-million dollar apparel brands and actually responded via four additional questions that only YOU can answer…What problem are you trying to solve and why?Are you creating sustainable clothing? The most flattering denim? High quality children’s clothing? These queries…

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When to Take Your Freelance Business Full-Time

January 19, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Whether you’ve been side hustling for a long time or just a few months, it’s natural to wonder whether or not you should move your side endeavor to a full-time venture. There are a few different things to keep in mind as you decide whether or not it’s the right fit for you. Here’s what to keep in mind and ask yourself as you think about whether now is the time to put in your notice and work for yourself as a full-time freelancer.Related: 50 Ideas for a Lucrative Side HustleYou’re getting close to a fully booked scheduleIf all your free time is going towards your freelance business, this is a clear indication that you have the potential to scale. Once your business starts to grow, you’ll have a harder time balancing your ability to do both your…

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Can You Run a Successful Business with No Experience?

There are many ways in everyday life to gain business experience and many ways to make up for a lack thereof. January 18, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Some of the most successful entrepreneurs — the ones running multi billion-dollar corporations — have their experience to thank for their success, at least in part. In fact, most “successful” entrepreneurs have failed at least once in previous business endeavors.It’s not surprising. Spending time as the leader of a business will introduce you to a host of new ideas, skills and resources. Over time, you’ll learn how to manage people better, you’ll understand how to make important decisions, and you’ll be introduced to new people and sources of knowledge to tap into as you see fit. You’ll also experience mistakes firsthand, so you’ll never make them again.With enough experience, you can take even a passable business idea…

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5 Important Hiring Tips When Building Your Company

January 18, 2021 6 min read Opinions expressed by Entrepreneur contributors are their own. As an entrepreneur, time is not on your side. Yet spending those tedious hours to identify and vet the optimal candidates for your growing company is crucial. When your team needs to expand rapidly to meet organizational demands and challenges, it’s quite easy to hire the first person who looks good on paper. But making the wrong hire costs about 30% of the individual’s first-year expected earnings, according to the U.S. Department of Labor.  I can also tell you from experience that the wrong hire doesn’t just constitute monetary repercussions; it can permeate throughout your organization. It can have a detrimental impact on team morale and cause employees to question your leadership and decision-making abilities. The wrong hire consumes more resources than if you spent the time and due diligence to identify the right employee from the onset.…

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The Key to Finding Success? Start Moving. Here’s How to Get Going.

January 17, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. Not long after getting her driver’s license, my daughter was driving her car in town. She was on her way home from school when the serpentine belt broke. Although the car continued to run, there was no power steering. If you have ever tried to steer a car with power steering when the power steering is not functioning, you know how difficult it is. She was retelling this story the other night and was recalling how she was unable to turn the wheel (and she is pretty strong). I know it can be difficult, but she should still be able to drive/steer even without power steering. Finally, it dawned on me, and I asked her, “Were you moving?” She was not. She was trying to turn the stationary wheels by brute force to aim where she…

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