Octane Results: STARTUP

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

16 August, 2019

On the Rise on the Fort Worth Food Scene

In a July 2019 episode of the Food Network’s show “Chopped,” EO Fort Worth member Juan Rodriguez competed against other chefs in hopes of landing the top stop.

(Spoiler alert.)

Juan Rodriguez was chopped.

But he’s OK with it because he landed a table at Red Rooster, the acclaimed restaurant by James Beard Foundation Award winner Marcus Samuelsson, one of the judges on “Chopped.”

As a child, Rodriguez spent time in Mexico and Illinois. He grew up in a family of entrepreneurs—his parents sold pottery and his grandfather built an excavation company—but he followed in his grandmother’s steps, developing a passion for cooking. He earned his associate degree in Culinary Arts from The Art Institute of Dallas. He spent 15 years working in restaurants all over the US and eventually settled in Fort Worth, Texas, where he launched a catering business called Magdalena’s. (more…)

Categories: BUSINESS GROWTH STARTUP

Tags: EO Accelerator EO Fort Worth Food Network Juan Rodriguez Magdalena's Rashad Armstead

12 August, 2019

Next Level Entrepreneurship: Investing in a New Generation of Startups

For many established entrepreneurs, establishing a purpose and passion beyond business is a fulfilling way to truly make a mark. Ravi Machani, an EO member in Bangalore, India, is one entrepreneur who has done so admirably. In fact, the work he does outside of his original business helped him earn the 2019 EO Global Citizen of the Year.

In 2010, Ravi founded IndiVillage, the first information technology (IT) and information technology enabled services (ITeS) company in India to become certified as a B Corporation. With its innovative model for empowering rural women and youth, IndiVillage introduces balance to India’s ecosystem—where cities tend to grow exponentially while rural villages have few economic opportunities. (more…)

Categories: STARTUP

Tags: #EOImpact EO Accelerator EO Bangalore EO CARES IndiVillage Ravi Machani

7 August, 2019

How to Build Authentic Customer Relationships That Spark Innovation

Written for EO by Jason McCann, a lifelong entrepreneur and experienced founder.

You wouldn’t be surprised if I said that customer feedback is essential for a startup. And nobody doubts the connection between long-term customer relationships and success.

However, some companies never find a way to fit it all together. Seeking out feedback is one thing. Taking it in, learning from it and translating it into innovation takes intention and commitment. The payoff is well worth it.

At my company, customer feedback has been at the core of building and growing the business. Listening to customer input and responding with product tweaks is business 101. However, our success has been driven by going a step further to operationalize how we analyze feedback, so the insights become a guide for future innovation.

The ultimate goal is to create a lifelong relationship with a customer that’s a two-way street. We want to give the customer a voice to tell us what’s working and what would improve the product or experience. We also want to show the customer that we’re listening. When we do it well, we drive satisfaction and strengthen our bond with the customer.

(more…)

Categories: FINANCES INNOVATION STARTUP

Tags: Jason McCann VARIDESK

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Octane Results: STARTUP

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?

On the Rise on the Fort Worth Food Scene

Next Level Entrepreneurship: Investing in a New Generation of Startups

How to Build Authentic Customer Relationships That Spark Innovation

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