Octane Results: STARTUP

15 January, 2020

EO Entrepreneurs Share Strategies for Failure-Proofing Small Business

The statistics on small business survival are daunting: Only 50 percent of new companies will survive for more than five years in the U.S. marketplace. Before diving into entrepreneurship, wouldn’t it be ideal to tap into the knowledge of experienced, thriving business owners for advice on failure-proofing a new business?

We asked members of Entrepreneurs’ Organization (EO), a global, peer-to-peer network of 14,000-plus influential business owners, what lessons they wish they’d known to ensure ongoing success before starting their companies. (more…)

Categories: BUSINESS GROWTH OPERATIONS STARTUP STRATEGY

Tags: BDEX Cannon Quality Group. Chad Rubin Chris Cardinal David Finkelstein eo arizona eo dallas eo new york EO Philadelphia eo san francisco EO South Florida freshbenies Heidi Rasmussen Justin Lake Marcia Zaruba O’Connor myHR Partner Nicolle Cannon Skubana small business Synapse Studios The O’Connor Group Think Crucial Tina Hamilton Venado Technologies

10 January, 2020

6 Lessons From an Entrepreneur’s Journey

Marcus Lethlean is the owner of Mediport, GoodBarTrade, 4Degrees Celcius, A2b Solutions and OneSevenOne. And with several businesses under his belt, you might think he’d mastered the entrepreneurial journey. Not so! Like many Entrepreneurs’ Organization (EO) members, he believes in continuous learning and improvement in order to take his businesses further and better serve the people that benefit from his services. He recently shared his story with EO Melbourne.

When asked why he started his businesses, Lethlean admits that he couldn’t see himself in the corporate setting. He likes to start something from scratch as it gives him the freedom to create, set his own directions and strategize his next steps.

“I have worked inside the corporate environment and there are some aspects of the hierarchical chain that can blunt people of their creativity. At other times, the system can teach people not to go out on a limb. And yet, every entrepreneur who I know went out on a limb, particularly founders. You don’t even think of the risk because you just feel like it’s going to work.” (more…)

Categories: BUSINESS GROWTH INNOVATION LEADERSHIP OPERATIONS PEOPLE/STAFF STARTUP STRATEGY

Tags: 4Degrees Celcius A2b Solutions eo melbourne GoodBarTrade Marcus Lethlean Mediport OneSevenOne

22 November, 2019

If Your Customers Can Be Everywhere, Why Can’t Your Talent?

hiring, talent, global Written for EO by Vikram Ahuja. Ahuja is a serial entrepreneur, co-founder at X10 and founder of Byond Travel. He is also a member of EO Bangalore.

At the 2019 Web Summit, Ahuja joined a delegation of 16 EO members from 11 countries to lead workshops and speed mentoring sessions. As a Web Summit speaker, he presented on the rise of the “2nd City Office.” Read on for his perspective on the problem of finding talent.

If you’re like many global entrepreneurs and CEOs, you might be facing the greatest business challenge of them all: Great companies need great talent. And there has never been such a pronounced talent shortage in the world.

Consider this:

Talent is expensive

In mature Western economies (the US, UK, Canada, for example), it’s almost twice as costly to operate a business in 2019 as it was in 2009. Wages constitute the majority of that expense.

Talent is scarce

45 percent of employers around the world report difficulty in filling vacant roles. (more…)

Categories: PEOPLE/STAFF STARTUP

Tags: Byond Travel EO Bangalore Finding talent hiring Vikram Ahuja X10

28 October, 2019

Health and Hustle Don’t Have to Be at Odds

Written by Justin Song, a senior research analyst at LendingTree where he has experience covering topics such as personal loans and small business lending.

The average cost of starting a small business in the U.S. is about US$30,000—the same cost as a three-day medical stay.

If you’re just getting started, you may view health insurance as an untenable expense and forgo it all together simply to avoid the monthly payment. However, this could ultimately be detrimental to your business if you wind up in the hospital. Not having health insurance could be the difference between sink or swim when it comes to your entrepreneurial dream.

Here’s how you can look after your own health while also starting a business. (more…)

Categories: BUSINESS GROWTH HEALTH STARTUP WORK-LIFE INTEGRATION

Tags: founder health insurance Justin Song startup

23 August, 2019

EO GSEA Finalist Talks Takeaways

EO is committed to supporting the next wave of entrepreneurs. One way do that is through the EO Global Student Entrepreneur Awards (GSEA), EO’s premier competition for university students who own and operate a business. The annual competition culminates with the Global Finals, where finalists from 50-plus countries compete and make connections with both seasoned entrepreneurs and fellow “studentpreneurs.”

One of the 2019 EO GSEA US finalists, Benjamin Steinhorn, is an Oregon State University graduate and co-founder of ShoeBio, an online shopping site with a mission to provide consumers the best prices on their favorite sneakers.

We recently caught up with Benjamin to learn more about his entrepreneurial journey and how EO GSEA has shaped his business.

When did you know you wanted to be an entrepreneur—specifically a shoe entrepreneur?

I first became a sneakerhead back in sixth grade. I was watching an episode of “MTV Cribs” that was profiling 50 Cent. He had a huge mansion in Connecticut stocked with all the coolest technologies and cars you could want. When the camera panned to his closet, I laid my eyes on hundreds of the latest sneakers in every color imaginable! I knew right then, I had to have that kind of closet. (more…)

Categories: general STARTUP

Tags: Benjamin Steinhorn gsea ShoeBio studentpreneur

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Octane Results: STARTUP

EO Entrepreneurs Share Strategies for Failure-Proofing Small Business

6 Lessons From an Entrepreneur’s Journey

If Your Customers Can Be Everywhere, Why Can’t Your Talent?

Talent is expensive

Talent is scarce

Health and Hustle Don’t Have to Be at Odds

EO GSEA Finalist Talks Takeaways

When did you know you wanted to be an entrepreneur—specifically a shoe entrepreneur?

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Octane Results: STARTUP

Talent is expensive

Talent is scarce

When did you know you wanted to be an entrepreneur—specifically a shoe entrepreneur?

Kicking Into Gear

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