Tag Archives: entrepreneurs

Weekly Economic Update | LAEDC

This Week’s Headlines:

Deadline or Alive Entrepreneurfail | Getentrepreneurial.com

Ravaging through the rough, grunting and seeking out the next victim….Scavenging anyone and anything that comes in the way…

No, we aren’t describing the latest wildlife channel special about predatory beasts in the jungle.  We are referring to the angry, stressed, tense new entrepreneurs on a tight deadline.  At this stage in the startup journey, fresh-faced founders may get a little anxious, as the viability of their new startups is dependent on each deadline.  Sure, you could argue that it is just the passion coming through, but this attitude could cost a new entrepreneur his/her business.

If your actions are making your employees cower in fear of being the next stop in your slaughter trail, these are a few pointers to help you:

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The 3 Most Important Questions Every Entrepreneur Must Answer | Entrepreneur.com

1409688781-3-most-important-questions-every-entrepreneur-must-answer-2The ultimate goal of every entrepreneur is to succeed – and to be happy doing it. But not every entrepreneur gets to achieve it. Indeed, hundreds of new businesses are launched every year but success eludes most of them.

One reason is that entrepreneurs are faced with some of the most difficult questions on a daily basis – and how they answer them could depend on if the startup sinks or swims.

To ensure success, here are the three most important questions entrepreneurs must answer.

1. What are my goals as an entrepreneur? Most entrepreneurs find it difficult to separate their personal goals from their business goals. And that makes sense. Think about it, entrepreneurs are often trying to turn their personal passion into a business – and just need to find others to help achieve their goals. While I get that sometimes they are linked, the ability to separate your goals can help you focus your personal growth and the success of your business at the same time. So set goals.

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28 Mistakes Entrepreneurs Make When Pitching to Investors | AllBusiness.com

Entrepreneurs from early stage startups have to pitch to investors to raise financing, and many entrepreneurs are inexperienced or terrible at making the presentation. As a venture capital and angel investor who has heard many pitches, I’ve compiled a list of mistakes and things to avoid if you are an entrepreneur seeking angel or venture financing.

Mistake #1: Sending me your executive summary or business plan unsolicited.

Investors routinely discard or don’t read unsolicited emails. They get hundreds if not thousands of such emails, and they can’t spend the time sifting through them all to find that diamond in the rough. But what they will pay attention to is a referral from someone in their network — a lawyer, an entrepreneur from one of their portfolio companies, or a fellow venture capitalist.

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Shy People Tend to Have This Coveted Leadership Skill | Entrepreneur.com

So, you’re never first to raise your hand during meetings and you’re uncomfortable schmoozing with strangers at networking events. Does that mean you’re doomed to fail in the business world?people

Not even close, shy one.

Those on the quiet side tend to be good listeners, giving them a serious edge over their more talkative, sometimes oversharing counterparts, says etiquette coach Jacqueline Whitmore, founder of The Protocol School of Palm Beach.

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How Entrepreneurs Can Manage Their Personal Finances | Allbusiness.com

Compared to other workers, entrepreneurs tend to enjoy an advantage in financial literacy. The know-how required to invest, organize, and save funds for a business often applies well to personal finance management, so these individuals run a “tighter ship” at home.

But this isn’t always the case. Business owners can lose their way financially by going to one of two extremes: Tying their personal finances too closely to their business resources, or running their personal finances quite differently from how they manage company money.

An unbalanced approach in either direction can lead to financial difficulties in the form of squeezed budgets and damaged credit. On the other hand, entrepreneurs who can strike a middle ground between these extremes enjoy greater financial security and success in their business and personal lives.

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Female Entrepreneurs Are Happier Than Male Entrepreneurs | Forbes.com

Statistics for women in business are mostly bleak. For example, women still earn 77 cents to every dollar men make and just 7% of female-backed teams get venture funding. A recently released study however, offers a glimmer of positivity. When women have established businesses, they are actually happier than their entrepreneurial male counterparts, as well as rating their well-being more than twice as high as non-entrepreneurs and non-business owners, according to the 2013 Global Entrepreneurship Monitor GEM U.S. Report.

There was one caveat – female entrepreneurs who are just starting out are less happy than male entrepreneurs in the start-up phase, says Edward Rogoff, one of the reports authors. One out of 10 women in the U.S. is starting or running a new business, the report also found. This rate is higher than any of the other 24 developed economies measured.

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