Insights from Leading Entrepreneurs
Written for EO by Jack Anzarouth, president of Digital Ink Marketing.
Many new founders and entrepreneurs feel they have to say “yes” to every opportunity that comes their way. But that small word “yes” comes with a big cost.
We get into the habit of saying “yes” to every professional opportunity presented to us for a number of reasons: (more…)
Categories: Leadership Startup
Tags: business digital ink marketing entrepreneur founder jack anzarouth saying no startup
Entrepreneurs’ Organization (EO)‘s Global Student Entrepreneur Awards (EO GSEA) encourage “studentpreneurs” to grow their businesses with support from mentors and fellow entrepreneurs. With 2018 EO GSEA global finals rapidly approaching, we are reaching out to previous participants and finalists to find out how the program changed their lives.
Tell us about your company. CloudCuddle designs and produces transportable bed tents to enable families with handicapped children to sleep away from home.
What’s been happening since GSEA? Two months after the awards, we were able to launch our first product onto the market! Our product has gotten a great response from the market, enabling us to start start new projects and grow even more.
Categories: Entrepreneurial Journey general Startup Women Entrepreneurs
Tags: bed cloudcuddle gsea netherlands studentrepreneur transportable bed
I’ve met a lot of entrepreneurs who believe their idea will be the next iMac. Optimism is good, but the reality is that 30,000+ new products are launched each year—and approximately 80% fail. How can you beat the statistics? Here’s the secret: strategy. The vast majority of product launches don’t follow a strategic approach.
Below is the process we’ve used to launch several products that brought in seven figures in sales within their first year with a low five figures in capital.
Categories: Entrepreneurial Journey general Sales Startup
Tags: Horizon devices karta ventures Mehtab Bhogal new product Precision Drive product launch strategy
Did you know every job opening attracts around 250 resumes? And that number can feel like hundreds more if you’re in the midst of starting your own company and searching for the perfect startup team. Before you begin reviewing candidates, consider this checklist of tips for developing a top team.
Choose Experts.Whatever area you’re looking to recruit in, look for experts in their fields. It’s tempting to hire people and then get in the habit of directing them on how you like things done. If you hire experienced professionals, you should trust that they know the best way to do their job. Explain your goals, describe what you hope to achieve and then give them the space to do what they do best! (more…)
Categories: Coaching Company Culture Hiring Startup
If you have your heart set on becoming a business owner or founder, then one of your first steps is securing financing. You cannot use your credit card, unfortunately. What you can do, though, is take out a personal loan. You’ve probably seen ads and websites about personal loans. Did you know you can use a personal loan for financing the birth of your company? Well, you can—and it’s worth considering.
The thought of using a personal loan in order to establish a business may seem counterintuitive. Personal loans are often used to help finance weddings, vacations and medical emergencies—items with specific line items and costs. While it’s true that this type of loan is offered for a variety of reasons, its main function is to provide borrowers a way to meet their financial goals. What do you say to the bank when applying for a personal loan that you intend to use for your startup? You tell the truth. The financial institution is not going to refuse your application—though it may refuse to loan you money if you can’t provide some proof of fiscal responsibility. (more…)
Categories: Business/Finance Tips Startup
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