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It’s what being an entrepreneur is about. I’ve made monthly peer-mentoring sessions of 10 to 12 other entrepreneurs an integral part of my ongoing education. In no small part, the knowledge I’ve gleaned from my EO peers led me to my newest undertaking. Why Peer to Peer? Mentorship is one of the best gifts.
She actually IS the prototypical entrepreneur. But Tracy did what entrepreneurs do. She drove her company to profitability before paying herself a modest salary. She leveraged herself and even sold many of her possessions to get started. More on that later. Just not the kind you would initially read about on TechCrunch.
It spoke to me because it so resonates with my nearly daily advice to entrepreneurs and VCs alike. I went as far as to call it the best Tweet of 2015 so far because it encapsulated my advice so succinctly. I saw this Tweet recently by Scott Belsky, co-founder and CEO of Behance. conviction > consensus. Respect > Love.
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? Validate product-market fit. “Do Do whatever legwork is possible to validate your product-market fit before investing everything in your concept. Beware of overbuilding.
Like the downturns in 2008 and 2001, this has been a very trying time for entrepreneurs running startups. Many entrepreneurs are reliant on outside funding, whether angel investors, venture capitalists or strategic investors , to keep the venture going. I interviewed a number of prominent VC’s and entrepreneurs for my recent book.
This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I wanted to also post the series here to have it as a resource on my blog for future entrepreneurs who stop by. If you haven’t spent time over there you should.
How entrepreneurs are building resilience in their communities. Learn how other #YLAIStrong entrepreneurs are building their resilience and strengthening their businesses in the face of adversity. By Shannon Courtney. Communities, economies and trade benefit from strong businesses that have learned to weather unexpected challenges.
Heidi Zak , Elon Musk, Oprah, Warren Buffet, Kendra Scott , Sara Blakely and Bill Gates—entrepreneurs may appear quite diverse, but they typically share a few key qualities. What makes an entrepreneur? The adage couldn’t be more true than in the context of successful entrepreneurs. A passion for connection.
World Entrepreneurs’ Day, celebrated each 21 August, honors the innovators, risk-takers, and trailblazers who shape industries, drive economic growth, and inspire others. At EO, we celebrate and support entrepreneurs on World Entrepreneurs’ Day—and every day! EO supports entrepreneurs at every age and stage.
For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” But if you want it in it’s full V1 glory read on … You’ve never been a CEO but might like to be one some day.
Have you ever wondered what it’s like to join the Entrepreneurs’ Organization (EO), the world’s largest membership network formed exclusively by entrepreneurs, for entrepreneurs everywhere? If you’re a new EO member, congratulations! If you’re a new EO member, congratulations!
As an independent woman with a go-getter attitude, she shared insights with us into her life as an entrepreneur and what it was like getting YHS off the ground, as well as her advice for other young entrepreneurs in Latin America and the Caribbean. The Origins of Young Help Suriname (YHS). Growing the Foundation for YHS.
Emma Allen is active in the Charlotte, NC chapter of EO Accelerator , which empowers first-stage entrepreneurs with the tools, community and accountability necessary to catapult their business to the next level. The biggest challenge Allen faces as an entrepreneur is finding quality people to hire and keeping them engaged. “It
You need to see more patterns of success and failure than just the ones you experienced yourself as an entrepreneur. Great advisors help entrepreneurs come up with the answers themselves, versus just giving them all the answers as you see them from your own experience. Being a good angel or VC has a lot to do with pattern matching.
This past December I spent a week in Boston to try to get to know some of the local VC’s and entrepreneurs a bit better. I believe that first-time entrepreneurs also benefit hugely from working in close proximity to other companies. Entrepreneurs need to share more information with each other.
I often talk about what I’m looking for when I meet with an entrepreneur. Above all else I’m looking for a genuine passion for what the entrepreneur is doing. You can sense when it is a “mission” for this entrepreneur to succeed and she will continue the journey even if success isn’t easy or immediate.
I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I had to laugh a bit reading it. I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners. I listed on many databases – some MBA, some not.
Let me start by saying two things: Events like this are invaluable to startups because the significant value comes from building the network across portfolio companies and the discussion one can have with your peer group. Entrepreneurs always walk away with new relationships, knowledge, deal discussions and enthusiasm.
With a curious mind, the leader will seek knowledge and understanding from a variety of sources including subordinates, peers, experts, and trusted advisors. Jackie Jenkins-Scott has more than three decades of experience in executive leadership positions in public health, higher education and corporate and non-profit governance.
I recently wrote a piece about how Entrepreneurs Should be Respected, Not Loved. The premise was that some leaders are too enamored with the approbation of their peers than making the tough decisions in the business that are bound to upset some people. The entrepreneurs subconsciously know you’re not convinced.
Kent Gregoire is an Entrepreneurs’ Organization (EO) member in Boston and CEO of Symphony Advantage , which helps CEOs achieve ongoing personal and professional success through strategic thinking, advice and planning. CEOs, entrepreneurs, business leaders?to Here’s what he shared: I invite you?CEOs,
The Young Leaders of the Americas Initiative (YLAI) Network is a community of inspiring young entrepreneurs and change-makers from Latin America, the Caribbean and Canada who are committed to promoting economic growth, strengthening civil society and creating change in their communities. Get inspired by fellow network members accomplishments.
We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. So my only goal is to give you insights into the conversations we’ve been having in case you don’t have the same access or advice. I am not claiming to be the world expert on this. Am I eligible for the PPP Loan?
In short his argument seems to boil down to, “Look at me and my peers. There’s an article making the rounds in tech circles titled “ Growth Hacking is Bull ” written by Muhammad Saleem. I’d like to make the case that the article is wrong. I’d strongly encourage you to read it. We were here first.”
We live in an era where the press espouses the entrepreneurs who have five startups. You’ll have a peer relationship with another CEO that you have a vested interest in that crosses over to a board – CEO relationship. . So I’m going to follow Brad’s advice. You’ll understand “fiduciary responsibility” more deeply. .
It’s Small Business Week in the US, April 30 – May 6, a time to celebrate entrepreneurs and startups for their big ideas and their unrelenting drive to bring them into reality. It’s also an ideal opportunity for entrepreneurs to share experience, inspiration, and the challenges you’ve overcome to make your business a success.
Almost 10 years ago, I had my first experience with a professional Forum when I joined Entrepreneurs’ Organization. A Forum, which is also often referred to as a Mastermind, is a group of peers who meet regularly, with the goal of helping each member improve personally and professionally. In my experience.
The most valuable lessons any entrepreneur can learn are from the successes and failures of others. Psychology Today notes that taking advice somehow feels like admitting that we don’t really deserve our high status. If you could have coffee with one person, currently living, whose business advice you would seek, who would it be?
I’ve been an EO member for 15 years, but it wasn’t until 2014 that I became involved with the Global Student Entrepreneur Awards (GSEA). I had served many roles previously on the BC Children’s Hospital Board, but I wanted to transition into something that engaged young entrepreneurs – and I found one. We also scoured newsfeeds.
I have the privilege of serving as CEO of Entrepreneurs’ Organization , a membership association of 14,000 entrepreneurs in 65 countries around the world. Entrepreneurs do not catch up on news and wonder how they will face the COVID-19 crisis. Entrepreneurs jump in to offer solutions. .
All I had to do was to name 5 black tech startup entrepreneurs in New York City when asked by a reporter to do so. I'll bet not too many other VCs in my peer group could name five… Go me! Ratios--the supposed lack of black, female, or any other kind of entrepreneur aren’t the problem. Better trained entrepreneurs?
Any success as an entrepreneur? He hasn't founded or built either a successful, let alone innovative company, and he hasn't raised $ to invest in those entrepreneurs. The other day, I got interviewed for Business Insider. At least it's not a weird fold in the back or a dent at the top. All hat and no cattle as they say. What did I do?
To do so we need entrepreneurs who can build companies that scale well in booming markets and also control costs appropriate in correcting markets. We also are dependent on money, advice and support of many of our friends & colleagues in the venture industry who co-invest with us in nearly every deal we do.
This was customer interaction at its finest and as a result they invited him to meet with our entire sales staff and offer advice on the sales process from a customer’s perspective. Who else is going to tell a VC if he got a bad reference from an entrepreneur or fellow VC? Contrast that with a VC conversation I had.
As someone who’s dedicated her career to helping small-scale entrepreneurs grow their businesses, I’ve heard many skeptics say a business accelerator program is just a cover for startups looking to increase capital. This is normal, but it doesn’t have to be! You wear all of the hats in your business.
Monkey and Me: A Real Survival Guide for Entrepreneurs” by Mike Smerklo. In addition to getting the help you need and gaining perspective from your peers, there’s an added, less obvious benefit to asking for help. The world likes to tell the story of entrepreneurs who have a “magic touch” that turns every idea to gold.
” Your peer group is envious of your finally doing what they’ve always wanted to do but found it too hard to give up the golden paycheck and predictable future. ” Your peer group is envious of your finally doing what they’ve always wanted to do but found it too hard to give up the golden paycheck and predictable future.
Two prominent entrepreneurs share their views on starting a business plus 10 tips every first-time founder should have. First-time entrepreneurs may find the startup adventure daunting without having the right guidance and perspective. This vision will serve as your compass, guiding all the decisions and actions you take along the way.
McKinsey studies have also shown that companies with diverse leadership outperform their peers. We asked members of the Entrepreneurs’ Organization to share best practices for promoting and maintaining diversity and inclusio n. No one can dispute the inherent benefits of diversity in the workplace. Here’s what we learned: 1.
Santoro attended the 2019 Startup Grind Global as an Entrepreneurs’ Organization (EO) ambassador and mentor. After the Startup Grind Global conference, he took time to reflect on the lessons he learned from the many early-stage entrepreneurs he spoke with. We share his thoughts below. . What an amazing venue—the old Fox Theatre!
But being best-in-class at online marketing is also a sine qua non to standout from your peer group. The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. My argument is pretty simple. Link has a summary of his argument plus a great video).
Ramos, an EO member and entrepreneur. . I received a message from a friend about a global entrepreneurs’ organization coming to the city of São Paulo. She invited me to meet the group, and let me know it was looking for entrepreneurs just like me. It’s the ultimate toolbox for entrepreneurs. You are not alone.
Yet being in a fraternity was one of the most transformative experiences I had in college and prepared me better for becoming an entrepreneur than any class that I took. Yet being in a fraternity was one of the most transformative experiences I had in college and prepared me better for becoming an entrepreneur than any class that I took.
and I thought if we brought the community together for common purpose we could create more of a sense of community to help new entrepreneurs get funded, assemble teams, raise profiles and help with biz dev, product, etc. My good friend Adam Lilling and I started Launchpad more than 5 years ago . We had a specific goal in mind.
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