Category: Start a Home Business

6 Tips to Consider When Searching for a Franchise for the First Time

Opinions expressed by Entrepreneur contributors are their own. With over 3,000 different franchise concepts to choose from, the intense search to find the perfect match for your goals, income potential and lifestyle can leave you wanting to get started right away. But before you do, pull back on those reins and make sure you’re squarely in the saddle before you begin rounding up your preferred choices. 10’000 Hours | Getty Images The last thing you want to do is rush headlong into an ambush of your own doing. But if you follow this advice, you’ll have a much better chance of leaving your troubles behind and riding off into the sunset.If you’re searching for a franchise for the first time, here are six tips to consider.1. Crack a spine or twoIn this case, cracking a spine or two means you should read a good book or two about becoming an…

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Why Investors Should Look at Vietnam’s Renewable Energy Industry

Opinions expressed by Entrepreneur contributors are their own. At the 2021 United Nations Climate Change Conference, members of the Vietnamese government headed by Prime Minister Pham Minh Chinh promised carbon neutrality by the year 2050. For Vietnam, a still-developing country, to realize this goal, it would have to phase out coal plants and modernize its national grid.Currently, Vietnam is expecting a recovery of 6.5% in GDP growth in 2022, according to the Asian Development Bank. Consequently, power consumption has increased more than 11% per year, significantly faster than the national GDP. This is feeding an almost insatiable demand for more power generation and investment.However, domestic fossil fuel production cannot keep up with demand, requiring Vietnam to rely on foreign markets to acquire enough resources to power its infrastructure. Therefore, Vietnam’s reliance on imported energy to run its electric system and climate change are catalysts for the government to pivot towards renewable…

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Revisiting the Perks and Perils of Entrepreneurship Amid the Pandemic

Opinions expressed by Entrepreneur contributors are their own. In June 2019, I made the bold decision of opening up and running my small marketing and communications consultancy, The Sophia Consulting Firm. I had no idea that the world would literally halt to a stop six months later, forcing me to rethink and refresh my business model for amplifying scientific innovation. I’m a scientist by training and an ambivert by nature–almost equally as comfortable in group scenarios as I am by myself. Yet, I never thought I would be a podcaster with a YouTube channel talking to senior executives in the life science industry. But the pandemic forced me to get outside of my comfort zone and ask myself about what truly inspires me at this stage of my career. Fast forward a little over two years later and 4.5 million people in America have quit their jobs in November 2021, the…

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Regaining Control of Your Sleep Life…From a (Recovering) Insomniac Entrepreneur

Opinions expressed by Entrepreneur contributors are their own. Entrepreneurship goes hand-in-hand with a lot of things. Determination. Dreaming big. An embrace of failure and risk. And, in my personal experience: insomnia. I’ve found this is especially true for the creators and side hustlers I know. Night is often when you can get uninterrupted work done, especially if you’ve got a day job. Once you’ve been in the groove for a few hours, it’s very hard to turn off. The endless to-do lists. And the rollercoaster of excitement and dejection that go along with running a business make it especially hard for your brain to shut down. I worked long hours as a securities lawyer early in my career, and loved it. But, I never had trouble leaving things at the office…until I started building my own business.  All of which is to say: while I’m encouraged to see so many people turning…

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10 Things to Check Before Launching a Website

Opinions expressed by Entrepreneur contributors are their own. Successfully launching a website is no easy feat. Almost inevitably, just when it looks as though yours is ready to go live, it turns out that eagerness got the better of you and you almost published something incomplete. Even a small mistake can alter the way people view a website and the products associated with it. And sure, you can correct it later if the site is for yourself, but if you’re producing one for a client, you need to make sure everything runs smoothly from day one — that even the smallest mistakes are addressed before they become major problems.Here are handy ways I’ve found to ensure just that.1. Check on various browsersThis one can’t be stressed enough. Always check if things are looking and working as they’re supposed to on numerous browsers, with Chrome, Opera, Microsoft Edge and Firefox just…

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Jim Belushi Reveals the Hardest Thing He’s Ever Done

“There are no margins in this damn business, man. You got to do it because you love it,” says actor, musician, businessman, Jim Belushi. His reality show, Growing Belushi, about his adventures in the cannabis business, premiered its second season on Discovery this week.In an exclusive interview with GreenEntrepreneur.com, Belushi talks candidly about his cannabis company Belushi’s Farm, which operates a sprawling 93-acre grow in Oregon. Despite his celebrity status and deep Hollywood connections, Belushi concedes being a gangapreneur is one of the hardest things he’s ever done. “The difference is when I do movies and television, someone else was financing it. This one I’m financing,” he says. “But I had a great year last year [2021]. All right—I broke even. That’s a success story in cannabis.”Related: 5 Things Successful Businesses Have in Common in 2022Image Credit: Tyler Maddox | Whitehorse Productions | DiscoveryOn a mission Belushi says he got into the cannabis business for the same reason…

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How Customer Discovery Can Significantly Enhance Your Product-Market Fit

Opinions expressed by Entrepreneur contributors are their own. For entrepreneurs and startups, coming up with an idea for a new product or service can be exciting. It may be tempting to charge into the marketplace with an unreasonable sense of optimism that everyone will be begging to buy your product. Unfortunately, this isn’t a reality for most companies. In fact, according to Harvard Business School Professor Clayton Christensen, about 95% of the 30,000 products introduced each year will fail. Why?Successful companies understand that having a great idea isn’t enough to convince consumers to give them money for their product. While the initial feedback you get from friends, family and colleagues may be positive, you could get an entirely different reaction from your target customer. It’s critical to carefully develop your product to ensure you have a good product-market fit.What is product-market fit?Product-market fit is a concept where a product naturally generates strong market…

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Military Veterans Make Great Entrepreneurs, But Startups Aren’t the Only Path to Success

Opinions expressed by Entrepreneur contributors are their own. We officially founded our non-profit organization VETtoCEO in 2013 and have been delivering an online entrepreneurship program specifically designed for military veterans since 2012. Our Entrepreneurship for Transitioning Warriors program has educated over 4,000 veterans in over 40 cohorts.Five unique insights have come out of all this experience. We like to position them as the five things we never hear veteran entrepreneurs say. 1. I can’t believe our plan worked so perfectlyThe lack of a market for our great idea is almost always at the top of the list of studies that look at the root causes of small-business failure. We all have that “aha” moment where we come up with an idea and can’t believe no one else has thought of it. Our passion for the concept drives our entrepreneurial passion for creating a business based on it. Ultimately, a large percentage…

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Searching for a Franchise for the First Time? Here are 6 Tips to Consider

Opinions expressed by Entrepreneur contributors are their own. With over 3,000 different franchise concepts to choose from, the intense search to find the perfect match for your goals, income potential and lifestyle can leave you chomping at the bit to get started. But before you do, pull back on those reins and make sure you’re squarely in the saddle before you begin rounding up your preferred choices. The last thing you want to do is rush headlong into an ambush of your own doing. But if you follow this advice, you’ll have a much better chance of leaving your troubles behind and riding off into the sunset. 10’000 Hours | Getty Images If you’re searching for a franchise for the first time, here are six tips to consider:1. Crack a spine or twoWe don’t mean in a physical sense. In this case, cracking a spine or two means you should…

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3 People You Need in Your Corner When Starting a Business

Opinions expressed by Entrepreneur contributors are their own. Starting a business is not easy, especially when you are on your own, and to be successful there are three people that you need by your side as you work towards building your business. Mentor A mentor is an amazing asset for an entrepreneur to have.A mentor is someone who is in a similar field as you and knows a lot about the industry. They are a person you know well and can trust. Find a mentor who has been where you are and someone who had similar dreams and aspirations that you have. Since they have already accomplished the dream, they can help you along the way. There are only so many books, podcasts and other media that you can consume; however, a mentor has years of tangible, relatable experience that can be tapped into.Mentors know how business works, and whom to connect with…

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How Feeling Excluded as a Child Drove this Entrepreneur to Start Her Own Company

Opinions expressed by Entrepreneur contributors are their own. I remember having classmates over for a playdate once in elementary school. My friend walked by my parents’ room and peeked in. “What are those funny looking dolls? Why are there flowers in front of them? Why is there smoke burning from that stick?” Itsy Bitsy Memories Photography I explained that it was my mother’s prayer area. As a Hindu, my mother prayed every evening after bathing, offering flowers and lighting incense. And those were not dolls; they were our Hindu gods.“You pray to a statue with an elephant head?” she laughed. Our prayer area later became the talk of my second-grade classroom. The other kids just couldn’t understand why we prayed “like that.”“Growing up as a Hindu, I also didn’t feel like I belonged in our Brooklyn community,” shares Amanda Ealla, founder and CEO of ISH Dolls. “I wanted to change that…

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5 Common Challenges Entrepreneurs Face When Creating a Brand Name

Opinions expressed by Entrepreneur contributors are their own. The name you choose says a lot about your brand. It can tell potential customers who you are. It should be simple, yet intriguing. And your name needs to allow continuous growth, expansion and evolution. Because words have meaning and names have power, your name should be memorable and impactful. It should draw people in and make them want to learn more about your brand. It should tell a story that creates an instant emotional response in people – so make sure it’s a positive one.A great name is a blend of strategy, linguistic analysis, research and creativity all mixed together to deliver a clear message of who you are and why you’re different.But once you’ve made a list of possible names that you’re happy about, your work isn’t done yet. Before spending time and money marketing your new name, address these 5…

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