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Your Guide to Gaining a Competitive Edge and Succeeding as an Entrepreneur Over the Next 5 Years
As an entrepreneur, you must stay ahead and anticipate the future. To do this, you must refine your current skills and understand successful business practices while sharpening the most important skills you should master in the next five years.From recognizing potential opportunities to adapting quickly to change and maximizing resources for growth, you'll be better equipped to take your business…
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He Lost His Job, Started a Side Hustle Earning $3M Last Year
This Side Hustle Spotlight Q&A features Carlos Ugalde, 52, of Las Vegas, Nevada. Ugalde is the founder of print-on-demand apparel brand House of Chingasos. Responses have been edited for length and clarity. Image Credit: Courtesy of House of ChingasosWhat was your day job or primary occupation when you started your…
One Scary Shopping Experience Inspired a $5 Million Business
Across the globe, a new wave of leadership is emerging — 49% percent of startups are founded by bold and resilient women driven to make a significant impact on the world. On this episode of Entrepreneur Elevator Pitch, our board of investors hears pitches from women founders representing three innovative…
He Arrived in the U.S. With $75 and Started a $1.2B Business
In the 1980s, Payam Zamani was growing up in Iran as a member of the Baha'i Faith — a group persecuted by the Iranian government, which killed hundreds of Baha'is in the wake of the 1979 Iranian Revolution. Life for Baha'is in the country had been tough even before the…
He Used His Severance to Launch a Business in 90 Days
In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.)Please give us the elevator pitch of your business.I am Corry Banks, founder and operator of Modbap Modular,…
I Was Fired From My Bank Job Then Started a Multimillion-Dollar Company
If you've ever been fired from a job, then you know it can be a personally deflating experience. It happened once to me but I became determined to turn the negativity into a positive opportunity for myself and my professional future.For me, it happened back in 1999. It was another…
How to Choose the Right Business Model
Embarking on the entrepreneurial journey is an exhilarating step toward creating a legacy. However, the stakes are high — it's almost common knowledge that 90% of startups fail. A recent survey by Failory looked into the why behind this number in 2024. Over half of the failed businesses cited marketing…
Don’t Be Fooled By Overnight Success Stories — Building a Business Takes More Time Than You Think. Here’s How to Play the Long Game.
In the business world, it often seems like startups go from idea to billion-dollar valuations in the blink of an eye. But these overnight success stories, while inspiring, often mask a crucial truth: Building a great, sustainable business takes time, often much more time than most founders, investors and observers…
‘One Size Does Not Fit All:’ The Supplement Myth That This CEO Wants to Shatter
Playing basketball on the German National Team, Vadim Fedotov saw firsthand the shortcomings of sports supplements. After tearing his ACL, he was prescribed handfuls of off-the-shelf vitamins and nutrients, but none of them worked. He realized that supplementation needed to go beyond one-size-fits-all formulas and address each person's needs in…
College Friends’ Side Hustle Earned Over $50 Million Revenue
This Side Hustle Spotlight Q&A features Justin Soleimani, 34, and Zach Dannett, 35. The duo met as classmates at Emory University and then went on to co-found Tumble. Their Los Angeles-based company sells machine-washable, spill-proof rugs and scaled from zero to $20 million in revenue within 2.5 years. Today, Tumble…
Starting My First Business at 11 Taught Me These 4 Lifelong Business Lessons
When I was 11, I lived with my grandma in Orange County, California. We had basic food and supplies — but not much extra. I wanted stickers for my skateboard binder but couldn't afford them.So, I asked my grandma for sticker paper, and she said yes. She knew I needed…
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Creative Ways Startups Can Earn Funding in Tough Economic Times
In a declining economy, startups face an uphill battle when it comes to securing funding.…
I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think
With all of the recent news about artificial intelligence (AI), it got me thinking about…
Ideas To Transform You From Good To Better To Best
A while back, I took a couple of my grandchildren on a tour of the…
5 Crucial Challenges Startups Must Overcome
Startups face numerous challenges on their journey to success, and failing to overcome any one…