Category: Start a Home Business

It Costs $3 Million to Travel on This Nuclear Yacht Packed With Millionaires, Scientists and Celebrities

Entrepreneur Aaron Olivera aims to raise environmental awareness by bringing climate experts, activists and tycoons together on a yacht to travel the world. April 12, 2021 4 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. During a launch dinner in Singapore, entrepreneur Aaron Olivera presented his project to raise awareness about the environment . This is the Earth 300 nuclear yacht , which will offer 10-day tours in which scientists and students will rub shoulders with high-level tourists, such as millionaires and celebrities, who will pay about $ 3 million per trip .In addition to the crew, a group of climate scientists and students will be on board, examining the ocean during the tours. All of them will be able to travel at no cost or at a reduced price. The $ 3 million fee will be charged…

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3 Tips for Succeeding When Your Industry is Dominated By a Monopoly

How to keep up when your competition is Amazon or Google. April 8, 2021 6 min read Opinions expressed by Entrepreneur contributors are their own. Technology, above all things, creates monopolies. As Naval Ravikant, founder of AngelList and well-known business and life guru says, the internet turns industries into “winner-takes-it-all” games with a long tail of secondary companies trailing past each industry’s number one. However, while it might be an entrepreneur’s dream come true, it is incredibly hard to become your industry’s Google. And it might be just a little bit harder to survive when there’s a Google in your industry.Nevertheless, everyone loves a David vs Goliath story. In times where all-mighty tech corporations like Facebook and Amazon are making negative headlines for abusing their market positions, customers are constantly reminded that they might want to support a David instead of buying from a Goliath. This millennium-old narrative provides an opportunity…

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How to Overcome Perfectionist Paralysis

Strive for momentum, not perfection in your work. April 9, 2021 4 min read Opinions expressed by Entrepreneur contributors are their own. Starting my business was extremely difficult. The business part wasn’t hard. I could learn how to market and grow a brand. There are millions of free resources out there. What I struggled with was my mindset.I was getting in my own way. At the time, I was going through a huge personal transformation. I was finally dealing with unresolved childhood trauma and accompanying feelings of shame. For anyone unfamiliar with shame, it is an overwhelming, powerful, subconscious belief that you are completely worthless and not good enough. A common defense mechanism against shame is perfectionism. I felt like the only way I could share my business with anyone was if it was flawless and high-performing. But of course, it’s impossible to have a high-performing business when it’s just starting. Unfortunately, this…

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A 6-Pack of Tips for Women Entrepreneurs Starting a Business

The first step is recognizing your fear and working your way through it. April 9, 2021 7 min read Opinions expressed by Entrepreneur contributors are their own. I grew up in a big Southern family with three brothers and two sisters and was never taught that I would be treated any less than a boy. My mother was the only woman to graduate from her law school class, and that was in the ’50s! My aunts were all Steel Magnolias. I never considered being female as a roadblock to starting a business, or an impediment to success. Yes, as my business grew there were times that I felt intimidated or shy at the all-male negotiation table. There can be a lot of posturing in those situations. But that fear is in your head, and you realize it’s something you have to work through. The road to success is just conquering those small…

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How to Avoid Business Failure

These tips — from an entrepreneurial success — can help you keep your business up and running rather than dying a quick death. June 27, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Scott Duffy’s book Breakthrough. Buy it now from Amazon | Barnes & Noble | Apple Books | IndieBound or click here to buy it directly from us and SAVE 60% on this book when you use code LEAD2021 through 4/10/21.Jack Welch, the legendary former CEO of General Electric, once offered a sound piece of advice to aspiring entrepreneurs. After he spoke at the Entrepreneurs’ Organization, the largest global network of its kind, somebody asked Welch what his number-one piece of advice to an entrepreneur would be.Jack’s response? “Panic faster.”Entrepreneurs are, by their very nature, positive, confident, and sure of their business. These are great qualities to have when promoting your…

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Start Making Money by Launching a Profitable Side Hustle Freelancing

When business isn’t booming, freelancing can be a huge help. April 10, 2021 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. Americans are picking up freelance work to make ends meet or reach a higher earning level. Entrepreneurs aren’t immune either. According to a Zapier survey taken in January, 34 percent of Americans currently have a side hustle, while 61 million more Americans (24 percent) plan to start one in 2021.If your company is lagging a bit, freelancing can be a great way to ensure you still get a salary, even when business costs are high.But how do you make time to freelance when you’re juggling so much as an entrepreneur already? In The Complete 2021 Superstar Freelancer Bundle, you’ll learn…

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How Entrepreneurs Can Leverage Once-In-A-Lifetime Market Pressure

Market changes give you the chance to get to the front of the pack. April 9, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. No one ever said it was going to be all smooth sailing. We’ve all been in a boat that’s gotten a little rocky, and some of us have even experienced a full-on capsize. In my experience of weathering the storm, there are one of two things that happen to your company: You either go out of business or you stay in business. If you are leading a team, you need to figure out which of those two positions your company is headed towards. Chances are, it won’t be difficult as a lot has already happened and shaken out in the marketplace. That’s good news for entrepreneurs, and even better news for leaders. The companies that weren’t strong enough to survive have already failed. And…

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The Franchisor’s 10 Commandments

Apply the following to make your franchise organization thrive. April 9, 2021 4 min read Opinions expressed by Entrepreneur contributors are their own. The following is an excerpt from Franchise Bible: How to Buy a Franchise or Franchise Your Own Business, Ninth Edition, which will be released April 20 through Entrepreneur Press. Pre-order now via Amazon | Barnes & Noble | IndieBound | Bookshop.Franchisors often get off to a good start only to find themselves hitting a dry spell that we call the franchise doldrums (usually between 11 and 24 units). This can happen when the momentum of the first wave of “inner circle” franchise buyers ends. Apply the following to make your franchise organization thrive.Get a proper franchising educationEven though you’re an expert in your field, turning your business into a franchise model is like starting a whole new business. You will find many educational options offered through Franchise Bible Coach to enable…

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Your Startup Is Like a Jigsaw Puzzle. Here’s How to Add New Pieces.

April 8, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. In a year dominated by Covid-19, stay-at-home orders fuelled worldwide demand for an unexpected item: jigsaw puzzles. The interlocking tiles were a hot commodity throughout 2020, as people of all ages sought engaging ways to pass the time.“There’s a global shortage of puzzles..,” Brian Way, co-owner of Puzzle Warehouse told NPR in November. “There’s not a factory on the planet that is not months behind on production.”Game manufacturer Ravensburger told CNBC that its U.S. puzzle sales were up 370% in early April, and the company expected to sell, on average, 20 puzzles per minute in North America through the end of the year. That’s over 10.5 million puzzles in one region alone.   The resurgence of this analog activity makes sense, especially during a global pandemic. My father and I love doing puzzles with my two young sons.…

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Rushing Into Ecommerce Can Lead to Costly Mistakes. Here’s What You Need to Know.

The few still new…to what’s become an all-encompassing way to retail…must tread lightly. April 8, 2021 4 min read Opinions expressed by Entrepreneur contributors are their own. As an online marketer, it’s been heartbreaking to watch companies pull down their shutters, but let’s not forget there is a silver lining: e-commerce.Nielsen identified key consumer behavior thresholds tied to the pandemic, which provide insight on the businesses that fared best:Proactive health-minded buying (purchasing preventative wellness products).Reactive health management (buying protective gear like masks and hand sanitizers).Pantry preparation (stockpiling groceries and household essentials).My social media accounts were getting flooded with ads for products I could have previously only purchased in-person. It was great to see that many retailers made the effort to pivot. However, as the months went on, I noticed many of the newer online stores I came across quickly disappeared. It was then that I realized these stores’ short-lived attempts…

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How to Determine Which Product You Should Launch Your Brand With

Starting a business? Consider carefully what your first signature offering should be. April 7, 2021 1 min read Opinions expressed by Entrepreneur contributors are their own. In this week’s episode of The Startup Story, James McKinney is joined by Bill Glaser, co-founder of Outstanding Foods. Glaser is a serial entrepreneur with numerous successful exits and recently launched Outstanding Foods with his co-founder and plant-based chef Dave

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5 Tips for Finding a Great Advisor for Your Startup

Acquire the right man or woman who’s sole job is to make sure you make less mistakes. April 7, 2021 7 min read Opinions expressed by Entrepreneur contributors are their own. If you want to build a truly global company, you need advisors.According to a recent study by Startup Geome: Startups that have helpful mentors raise 7 times more money, and have 3.5 times better user growth, than new businesses that do not explicitly seek out the assistance of experts.It’s not a coach, mentor, investor, lawyer or accountant. It’s someone who has experience in building companies like yours. A startup advisor can be an invaluable asset to help you structure your company, raise funding or replicate your business solutions for profitable growth.We’re a Russian-born business that is now expanding globally. We have top international advisors who help us to grow our business (Chris Adelsbach, Founding Partner at Outrun Ventures; Dutta Satadip, Global Head of Customer Success and…

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