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Nearly 100,000 businesses have permanently closed due to COVID-19. And with no end in sight for returning to business as usual, that number can be intimidating to anyone who’s considering opening their own business or entrepreneurs hoping to survive the next year. Make a plan for transitioning to remote. Practicality.
I don’t know Ezra yet but since he’s taking the time to blog (which I hugesly respect) and share thoughts I thought I’d take him up on his challenge and also spill the beans on my secrets. On blogging I blog because I love it. Mostly I’m Blogging for the Hell of It, Not Blogging to Stay Relevant.
In the spirit of the new year, let’s check out SourceLink’s best blogs to discover what piqued interest in 2021 and what knowledge we can build on in 2022. Rallying for rural entrepreneurship: addressing the challenges that face rural small businesses. Register Now: EDA American Rescue Plan Funding Opportunities.
They''re building up their PR plans to make the financing announcements part of a larger story arc. Announcing your funding without a larger PR plan is the equivilant to George Costanza saying "I love you" to his date and not getting it returned--"that''s a pretty big matzo ball" to leave hanging out there.
The excitement of building your own business can quickly fade when faced with the reality of resource constraints. Embrace Lean Startup Methodology Traditionally, starting a business meant undertaking thorough planning, seeking significant funding, and developing a product in isolation from its future users. You can, too!
If nothing else, the 2020 pandemic has shown everybody—particularly business owners and entrepreneurs—the value of being prepared and ready to pivot. Remove the “fat” from all aspects of my business. Ensuring that your cash position is not skinny going into a pandemic is the greatest business relief. Juggle fewer balls.
Remember when owning a small business was risky but rewarding? In the midst of a global pandemic, being responsible for your own business—as well as the livelihoods of your employees—very likely seems overwhelming if not completely debilitating. What does your small business look like six months from now, one year from now?
However, as with everything in business, the right strategies constantly change (even when the fundamentals stay the same). Should I use AI to help with a blog? These are the questions on your mind when thinking about the best way to approach an inbound marketing plan— so let’s address them! What about social media?
In this blog, we’ll break down everything you need to know, from choosing the best business structure to getting professional help. Choose the best business structure for you Choosing the right business structure for your startup is a crucial first step. Don’t worry, we’ve got you covered!
Whether your business has remained open, scaled back, temporarily closed, or even ramped up during the coronavirus pandemic, there’s one thing we all have in common: Commerce as we knew it has—perhaps forever—changed. A “10-4” plan that directs employees to work 10 days at home and 4 days in the office is gaining traction in some countries.
And every business owner and founder knows that social media is one of the most cost effective ways to market your products and services. . Then we ensure that our website content, such as pillar pages, subcategory pages and blogs, is up-to-date before we map out the various posts across our channels to support this vertical.
Starting a business is often romanticized as a journey filled with exciting milestones and instant success stories. Yet, as most seasoned entrepreneurs will attest, the reality is far more complex and challenging, particularly when you decide to bootstrap your business. I also did not have a business partner.
We eventually launched the product, which didn't generate enough revenue to support us- so we shut down the business after all my credit cards maxed out. With some tough-learned lessons, it was clear to me that my new (and current) business Slidebean would not make the same mistakes. The plan-sort of worked.
I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. He then brought her to board meetings so nobody could accuse him of not having a business model. I found myself in violent agreement with Fred’s blog post(s).
During nine custom-designed Learn Around excursions to Singapore businesses, most owned by EO members, groups of EO members enjoyed behind-the-scenes access to local enterprises including Creative Eateries , LionsBot International , Brass Lion Distillery , LeVel 33 Brewery , and Goldbell Group. “It
“What EO provides that no other group does is the camaraderie you experience among other business owners. It’s amazingly helpful to share challenges, opportunities, and experiences with people who understand what I deal with daily as a business owner. I now spend more time working on my business. So, I then had a month to do it.
Affiliates agree that getting the word out about their SourceLink networks to entrepreneurs and business owners is one of their highest priorities. In May, Abby Smith and Jessica Toms from CruxKC , SourceLink’s marketing partner, guided our discussion on how to build a successful marketing plan. The basics.
In my experience, it’s critical to uncover the secrets of fishing in the perfect spots to hook the right clients and employees for your business success. Fellow alumni may be running their own businesses. Research business or social clubs that cater to business leaders. and more articles from the EO blog.
The amount of difficult tasks and important communication threads business owners must juggle every day has grown by an unimaginable magnitude. Every day, we meet on Zoom not only to discuss pressing issues impacting our business, but also to bond over books we’re reading and television shows we’re watching.
EO’s quarterly Impact Day events, as part of the sustainability plan, including “Reimagine Success” and “Designing Your Future,” focus on our planet and the vital role businesses play in building a sustainable future. At the center of EO’s sustainability plan are EO members themselves. EO member engagement is key.
Equality between genders is good for business, great for communities and essential for business growth. We asked EO Colorado member Ashley Picillo (picutred at left) to share her insights on gender equality in business. What specific ways are you supporting gender equality in your business and your community? Absolutely.
One way we encourage and support young entrepreneurs is through the EO Global Student Entrepreneur Awards (GSEA) , EO’s premier competition for college and university students who own and operate a business. What inspired you to start your business? Entrepreneur first, business after.” GSEA already impacted my business.
As uncertainty swirls around how long the COVID-19 crisis is going to last, many businesses are temporarily shuttered. We spoke with Greg Crabtree , chair of EO@Wharton Executive Education program, to gain insights on how to plan during these uncertain times. The definition of “temporarily” is yet another unknown.
No matter what business or client strategy you try to implement with your team, its success completely relies on the people implementing the plan. Here are ways to catalyze this reunion of friends: Understand your number one measure of business success. They are your business DNA. Does everyone know that BHAG?
Today marks the start of Global Entrepreneurship Week, an annual initiative that shines a light not only on the value entrepreneurs bring to our communities and global economy, but also the importance of building infrastructures that make it easier for them to start and scale their businesses. SourceLink? Orange County Mayor Jerry L.
Contributed to EO by Ashley Luck, an EO SLP member of the Edmonton chapter, One Canada Committee member, and the founder and principal of AMP Business Solutions. Save time and effort Planning a retreat is time-consuming but hiring a retreat planner allows you to focus on other important tasks while they handle the details.
Every business owner wants it, especially after the economic roller coaster and reset of 2020. Yet most entrepreneurs have spent the past year in survival mode, not planning mode. Chances are strong that you used the pandemic as an opportunity to reset your business and redefine success. Recurring business ratio.
As COVID-19 devastates nations and businesses, there’s a potential casualty you may not have fullly realized: your mental health. Looking after your mental health during this crisis should be every business leader’s No. This is a key point: All business owners need to look after the mental health of their teams right now.
As a wealth management advisor and managing director at Northwestern Mutual Santa Monica, he’s seen the need for financial planning grow during the pandemic. . Integrated comprehensive financial planning. How has your business changed during this time? . and more articles from the EO blog. . What is your specialty?
When I shared it on LinkedIn, people started liking the article, commenting how they loved my ideas and planned to implement them. Many professional photographers offer a business photo package. EO members can even publish their thought leadership right here on EO Blog. Develop a website or blog to showcase your work.
CEO Travis Kalenick was caught on film arguing with an Uber driver about Uber’s new plans to lower fares. The tech community has been having a long-overdue conversation about mental health and work/life balance and it’s something I’ve been talking up as far back as 2006 , 2009 , and 2014 on my blog and in public.
A Fishbowl survey asked about 7,300 professionals how well they understood their company’s plan for hybrid work. Choosing the right flexible work style is crucial, but having a well-understood plan for that style is equally vital. and more articles from the EO blog. The results? That’s not a great look!
When Pete approached me for advice, I recommended the “Failure-Proofing” strategy, which is a pragmatic and easy-to-use technique to defend against planning and project disasters. Step 1: Imagine that the decision, project or process failed, and brainstorm reasons for why your plan failed. Make sure to provide all the details.
Kent Gregoire is an Entrepreneurs’ Organization (EO) member and founder of Symphony Advantage, which helps CEOs achieve ongoing success through strategic thinking, advice and planning. I also believe that Conscious Capitalism offers an alternative that can align business with people, profit and the planet. Higher purpose.
There will be both short-term and long-term impact as consumers and businesses are forced to change their behavior radically for weeks or months. Companies in these industries and business leaders looking to reposition their offerings would be wise to take note. Your business may want to consider partnering with them.
State and local governments required nonessential businesses to close and people to shelter at home. Businesses had to rethink distribution of goods and services. Those of us working from home faced the challenge of how to be creative, productive and keep our businesses alive. Entrepreneurship is a creative activity.
The news blogs will cover the what, how and how much but I want to focus on the “why” and try to be instructive of what I think makes for a great A-round startup. Do VCs really take risks on ground-breaking ideas any longer or do they just fund businesses once there is proof of traction?
As entrepreneurs, we face challenges throughout our careers, but we don’t spend a lot of time planning what we’ll do during and after a global pandemic. In recent months, small business leaders around the world have faced the toughest decisions of their careers. Yet here we are. I understand their concerns. Why the optimism?
We developed a friendship as part of our Board service and a recent blog post of his made me think I wanted to learn a bit more about his Instacart experience. I was introduced to Apoorva , the founder of Instacart, in the spring of 2013 by my close friend/business school neighbor Rafael Corrales. I am going to look stupid.
Growing a business from the ground up requires being willing and able to adapt as your product evolves, your market changes, and your customer base grows. Applying the Change Curve While Scaling My Business Like many founders, I started out wearing all the hats: sales, marketing, product development, and accounting.
She’s the author of A Business Owner’s Guide to Crisis PR: Protecting You & Your Business’ Reputation , and serves the EO Los Angeles chapter as MarComm co-chair. The unpredictability of cancel culture means it can surface without warning, carrying with it profound implications for businesses.
Even when I’m not the one being sued I find myself being dragged into deposition after deposition and my blog (along with all my emails) are being served as evidence. Nobody talks about this publicly because the fights are too personal so people don’t blog about them. Lawsuits are becoming so prevalent these days.
This article is the second in a series of three about having “The Talk” with your business partners , parents and adult children. That’s why it’s important to have a plan in place so that when changes need to be made, you have the consensus of all involved and can arrive at amicable solutions ahead of the problem. CRN-3730060-082421.
While few would have realized the need for a pandemic-proof businessplan before this year, it’s become quite clear that prepping for the worst really is the best thing you can do for your business. To soften the blow of challenging times, it’s a good idea to create a plan for when disaster strikes. Self-discipline.
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