Executive Opportunity: Invest in Your Own Business Brokerage Office

Small business and restaurant resales are on the rise making it an excellent time to consider owning your own business brokerage office.

A Business Broker is a professional executive, equipped with the knowledge to successfully complete the sale of an existing business, franchise or business opportunity. As the owner of your own business broker office, you will be working on a daily basis with other professionals: business owners, buyers, seasoned entrepreneurs as well as top executives in national franchise companies.

You will serve people from all walks of life. They will come to you for help to buy or sell a business. You will be their negotiator, counselor, marketer, broker, advisor and teacher. You will shape many futures. Your personal integrity will be supremely important. You will stretch your creativity and draw on all your knowledge and experience.

Our National Partner, Empire Business Brokers has successfully trained people from many walks of life to become top producers and business brokers. Our success stories include CPA’s, Attorneys, Bankers, former mid to high level management executives; others who have successfully operated their own businesses, and people with a high ambition to learn. People who feel that they are ready to expand their capabilities with the leader in a dynamic and growing industry will feel at home with Empire Business Brokers!


– Executive business opportunity
– Low initial investment from $25k
– Various profit centers
– Excellent commissions
– No royalty or commission split… Not a Franchise!
– Growing database of buyers, businesses & franchises
– Initial training, marketing assistance and on-going support
– Network of 70+ offices throughout the U.S. and abroad
– Brand founded in 1981

*Ask about our NEW Franchise Brokerage Program!

For more information please contact us via email at info@Acceler8Success.com.

Acceler8Success Cafe Friday 6.25.21

The Big Role Older Entrepreneurs Play in Business Innovations

Entrepreneurs over 55 are among the most active new business owners in America, starting companies at rates that exceed their younger peers. In fact, 80% of small business owners are over 45, according to the New York Federal Reserve.

With a wealth of knowledge gained over years of experience, older Americans are well positioned to put that experience to work building businesses of their own making. And with the average American living well past the traditional retirement age of 65, many start businesses to extend careers or, in some cases, to try a path not taken earlier in life.

Even coming out of the pandemic, older entrepreneurs are better positioned than their younger counterparts to succeed.

What’s not as obvious is the role that older entrepreneurs play in producing innovations.

For a whole host of reasons, the narrative of innovation — especially in the tech economy — centers on younger entrepreneurs. Paul Graham, an investor in entrepreneurs and a co-founder of the famous Silicon Valley business accelerator, Y Combinator, once quipped that “the cutoff in investors’ heads is 32… After 32, they start to be a little skeptical.”

This certainly maps to how the media typically portrays startup founders. But a closer look tells a different story.

Learn more at NextAvenue.org

“When I’m old and dying, I plan to look back on my life and say ‘wow, that was an adventure,’ not ‘wow, I sure felt safe.’” – Tom Preston-Werner, co-founder Github

Senior Entrepreneurs: 5 Things to Keep in Mind When Starting a New Business Over 50

You’ve probably noticed them. Very likely, you’re one of them yourself…a baby boomer who is approaching retirement age (or is even well past it). But if you’re like many over the age of 50, you may be feeling the itch to start a business and go looking for new opportunities and untapped markets.

And why not? People over 50 have a host of things working in their favor, from decades of work experience to a valuable network of connections to the financial resources needed to start and run a new business successfully. All of these combine to make this a great time to take the leap and try turning your big idea into something big.

Here are two more reasons why the “over 50” age set is an opportune time to start a business: the internet revolution and the explosive growth of technology, both of which have generated important new tools for older entrepreneurs to consider. Running a thriving, modern company today depends on advanced technology capabilities and extensive internet knowledge, both of which you and your company need to have.

Read more at blog.SimonAssociates.net

“If I had started at age 30, I could not have survived. I had no experience or connections. And connections are very important, especially in this business.” – Edward Kim, Buying Together

4 Tips for Aspiring Encore Entrepreneurs

Baby boomers are no longer the largest American generation. But they’re still one of the strongest, armed with skills and experience to help them live fully.

In 1996, people 55 to 64 made up less than 15 percent of new entrepreneurs. In 2016, that same age group made up 25 percent of new entrepreneurs, according to a study by the Kauffman Foundation.

We call them encore entrepreneurs. Many are starting businesses for the first time as they near retirement age. Some are already retired, but seek a new path to help them feel reinvigorated in their older years.

It’s the ultimate example of age being just a number.

Consider Ryders Public Safety. Two law-enforcement officers nearing retirement started this shop to serve the Denver, Colorado area because they knew they could serve security industry customers better than current offerings. One of the owners’ wives has joined the team to support the shop as it expands into ecommerce.

Meanwhile, Laurie Brown pivoted from her 30-year career in corporate management to a gift-basket delivery service. Her business idea meshed with her passion for helping people with special needs, who create and fill baskets as a part of their job-skills training.

These are just two examples of seasoned professionals taking an idea and turning it into an encore career as an entrepreneur.

Before embarking on a business journey in your 50s, 60s, or beyond, consider your reasons for doing so. Is it a method of ensuring financial stability? Is it a way to make extra money while practicing a skill you value?

There’s no wrong answer, but knowing your “why” will undoubtedly help guide you as you prepare to pursue your small business idea. You’ll be able to right-size your business to your goals.

Learn more at Score.org

The Rise of Senior Entrepreneurs

As far as digital natives are concerned there are several factors the heads of successful start-ups have in common.

Firstly, most see America’s Silicon Valley as the holy grail of all things technology, innovation and social media related and, secondly – owing in part to the massive success of tech entrepreneurs such as the 27-year old Snap founder Evan Spiegel, 33-year-old Facebook founder Mark Zuckerberg and Airbnb co-founder Nathan Blecharczyk, aged 34 – many see this entrepreneurial success as the sole preserve of the young.

“Young people are just smarter,” Zuckerberg once remarked, conveniently overlooking the fact that it was baby boomer innovators such as Bill Gates, Steve Jobs and Tim Berners-Lee who led the information revolution in the first place.

Yet with a plethora of business resources now available, increasing numbers of Australian seniors are harnessing online tutorials, online video tutorials and online ‘how to’ articles to source inspiration and turn their business dreams into reality.

While many have yet to reach the dizzying commercial heights of big name brands such as Apple or Microsoft, and those who have invented a product as globally significant as the world wide web are few and far between, senior entrepreneurs have slowly but surely been making themselves a force to be reckoned with, actively contributing to fiscal, social, health, active ageing and lifestyle outcomes in their communities in the process.

Read more at Aveo.com

More Adults Over 50 Starting Their Own Businesses

Adults age 50 and older are starting new businesses at a rate that’s been growing for more than 20 years — and accelerating since 2008. Many of these new entrepreneurs are using skills developed during careers to start successful businesses, all while enjoying the experiences that come with working for themselves.

“In 1996, the 55-64 age group represented 14 percent of all new enterprises,” says Susan Weinstock, vice president of financial resilience programming at AARP, citing a study from the Ewing Marion Kauffman Foundation released in September. “In 2018, it was 25.8 percent.”

“People are living longer, healthier lives,” Weinstock says. “A lot of us get to our senior years, and we see no reason to retire if we don’t want to.”

Starting their own business is one way older workers can apply their experience in new, fulfilling ways. Some of them have been pushed into entrepreneurship by job loss or other necessities — roughly 6 percent of the 2,700 current and aspiring business owners who responded to a survey from Guidant Financial and LendingClub this year. But the rest made the jump into entrepreneurship voluntarily. Among men, the most common reason is the desire to be one’s own boss. Among women, it’s the desire to follow a long-held passion. Other common reasons include a golden opportunity, a desire not to retire and dissatisfaction with the corporate world.

Thomas Mock, chair of the Asheville, N.C., chapter of SCORE — a national, nonprofit organization that pairs experienced business leaders with entrepreneurs who are just getting their start — says he sees a lot of people who “want to do something other than retiring.” One of his clients, a retired physician from Florida, started a business making toys for dogs. “She wanted to help local animal shelters and make a little money on the side,” Mock says. “This is a real dog-friendly community and a good opportunity for her.”

Learn more at AARP.org

The Reality Of Being A Female Entrepreneur/Business Owner And How We Can Best Support Them

Women entrepreneurs need to cover more ground than men in order to succeed. This won’t be easy if they keep their hands full with tasks that they can either delegate or outsource. When doing business, female entrepreneurs can outsource all their HR duties to a global PEO such as NHGlobal Partners. A professional employer organization (PEO), helps businesses with all workforce management duties including payroll management, employment laws compliance, and employee recruitment. Working with a PEO can help female entrepreneurs boost morale within their human resources, and to enhance workplace culture, consequently boosting their bottom line.

Another way of supporting female entrepreneurs is to change the current entrepreneurial ecosystem through realistic and honest dialogues about business capital. Governments can, for example, offer women-run startups bigger incentives, and encourage banks to give guarantor-free loans for female-owned businesses. Loans that are anchored on group security or social security, as opposed to personal guarantees, can go a long way in giving women entrepreneurs better access to funding. Relevant government authorities can also adopt a comprehensive, and sustainable industrial policy that makes it easier for women to register businesses and acquire licenses.

Instead of leaving women to self-educate themselves in matters of entrepreneurship, and instead of leaving them to make costly teething mistakes, governments can step in to offer business training to potential and ambitious women. Especially in regards to business profitability and continuity. Society leaders should also educate people against the stereotypes that hold women back, particularly the role of women as caregivers. Husbands should relieve women of the burden of household chores, and other gender roles that prevent them from thriving. Parents, especially in the third world, should give equal educational opportunities to all genders, offering young girls a fair fighting chance in future entrepreneurship.

Read more at ScoopEmpire.com

“The most courageous act is still to think for yourself. Aloud.” – Coco Chanel

Why More Women Are Turning To Entrepreneurship

The number of women-owned businesses increased nearly 3,000% since 1972 according to the “2018 State of Women-Owned Businesses Report” commissioned by American Express. Not only that but between 2017 and 2018 women started an average of 1,821 new businesses per day in the U.S. With women now making up a whopping 40% of new entrepreneurs, it’s clear that more women are turning to entrepreneurship than ever before.  But why are so many women starting businesses? 

The reality is that women are still the primary caregivers whether we’re talking about children or aging parents. One research study indicated that the primary reason American women start businesses is to accommodate work to their family needs. Another survey revealed that roughly 74% of women said flexibility is more important than making the most money. Being your own boss generally allows for more freedom than working for someone else. This additional autonomy is especially helpful when family may be the number one priority. The ability to set your own schedule also makes it easier to make time for exercise and a healthy lifestyle—another reason why women are turning to entrepreneurship.

Read more at Forbes.com

Women Entrepreneurship: A Step towards Independence

For an entrepreneur it is always about being alert to upcoming opportunities to bring about the value to his/her ideas by using the minimum threshold resources and generating outcomes that are in-line with his primary objective. An entrepreneur has his ideas and thought process as his core competence and an important asset, rest all resources play a secondary role. They always cater to strategic stretch for varied opportunities coming to his path and is prone to risk taking. An entrepreneur is open to innovativeness and would be low on dogmatism because if he would stick to the dogma, then he will not be able to grow in the market.

We might all be aware of some entrepreneurs who have made sky rocketing contribution in the global economy. Some of them are Opprah Winfrey, larry page and sergie brin, bill gates, Michael Bloomberg, aliko dangote, angella margolit, hetal parikh, kiran gill and many more which makes person difficult to list down. Every year hundreds and thousands of entrepreneurs are nominated into the international list of entrepreneurs.

Like Rome was not built in a day, same way there was not a sudden growth in the amount of quality women entrepreneurs in the world. It took real pain and courage to step out in the midst of dawn by breaking all the stereotypes of the society and varied cultures.

Learn more at 01WebDirectory.com

Why networking is an act of wellbeing for entrepreneurs

While business owners ostensibly find themselves exploring networking for the leads it can deliver for their firms, there are multiple other advantages to taking networking seriously.

In fact, Jean Evans, Networking Architect and founder of NetworkingJean.ie believes these other benefits are even more critical than lead referrals.

“When I encourage other people to network, my first reason for doing so is mentioning how you build your own board of directors when you network,” Jean says. “This has always been important; entrepreneurship is an exhilarating but lonely journey at times, but in 2020 it took on even more relevance. Businesses were facing a whole new environment, with no earlier playbook to implement, and needed all the help they could get. This help, for many, was found in their fellow business contacts.”

Jean’s statement about a board of directors has a community feel about it.

Just as in a community, business networks look out for their members. On the face of it, a graphic designer, a baker and a legal professional might have little in common. However, they’re all experiencing the ups and downs of self-employment, have deep industry knowledge that others could find useful and may have beneficial contacts to share.

Learn more at ThriveGlobal.com

Do These 30 Things If You Want to Be Unstoppable

A lot of people are good at what they do. Some are even elite. A select few are completely unstoppable.

Those who are unstoppable are in their own world. They don’t compete with anyone but themselves. You never know what they will do—only that you will be forced to respond. Even though they don’t compete with you, they make you compete with them.

Are you unstoppable?

Read more at Success.com and you will be!

“Just as the yin-yang symbol possesses a kernel of light in the dark, and of dark in the light, creative leaps are grounded in a technical foundation.” — Josh Waitzkin, author of The Art of Learning: An Inner Journey to Optimal Performance

Acceler8Success Cafe Thursday 6.24.21

How To Build A Legacy For Your Business

“Legacy” is a powerful word and aspiration. When entrepreneurs get started, they either want to build their company to have a successful exit and sell out, or they imagine the generations that will come after them and contribute to the legacy of their business. This can be created for a family business specifically, or just a long term vision for the company that spans multiple generations and decades, whether pushed forth by employees or one’s own family.  

It’s an impactful consideration, and an entirely new way to approach business. For one, it encourages you as a  founder or part of a founding team to look beyond today’s fads and trends and consider how your product or service will continue to be relevant and impactful in the long run. This also may provide for a better infrastructure building of how the company is managed and operated. Building a business for a long term impact is a different type of building entirely.

Read more at Forbes.com

How to Build a Culture that Leaves Behind a Legacy

“We’re not like the other nonprofits, we’re a cool nonprofit.”

“We’ll throw in casual Fridays! Done. Our nonprofit’s culture ROCKS.”

“Yeah, let’s give them the day after #GivingTuesday off to show them we care. Back to work on Thursday, folks!”

These statements shouldn’t be the norm, but I guarantee they’ve come out of some of your mouths at some point. (Sorry for calling you out, Steve.) While these ideas are a good starting point, company culture is so much more than a one-time activity here and a day-off there, or feeling the need to spend money to try to look fun.

Company culture is the thread that weaves together the fabric that makes up your nonprofit scarf. Er, sweater? Anyhow, you get the idea. Let’s talk about why culture matters, some basic company culture steps your nonprofit can take right now and the things you can do to ensure your organization’s culture leaves a legacy for the future.

Peter Drucker is attributed with saying, “Culture eats strategy for breakfast.”

Is strategy important? You bet it is. That’s why we focus so much on constantly making ourselves better. At Nonprofit Hub, we have weekly strategy meetings and even bigger-picture meetings every quarter to lay out what’s next. But without a solid foundation, the strategy would crumble.

Think about it — culture is about creating an environment and a workspace where everybody feels empowered to do the best they can do. With an encouraging and positive culture, staff and volunteers alike will feel empowered to do their best.

Learn more at NonprofitHub.org

“Please think about your legacy because you are writing it every day.” —Gary Vaynerchuk

The Leader’s Guide to Corporate Culture

Strategy and culture are among the primary levers at top leaders’ disposal in their never-ending quest to maintain organizational viability and effectiveness. Strategy offers a formal logic for the company’s goals and orients people around them. Culture expresses goals through values and beliefs and guides activity through shared assumptions and group norms.

Strategy provides clarity and focus for collective action and decision making. It relies on plans and sets of choices to mobilize people and can often be enforced by both concrete rewards for achieving goals and consequences for failing to do so. Ideally, it also incorporates adaptive elements that can scan and analyze the external environment and sense when changes are required to maintain continuity and growth. Leadership goes hand-in-hand with strategy formation, and most leaders understand the fundamentals. Culture, however, is a more elusive lever, because much of it is anchored in unspoken behaviors, mindsets, and social patterns.

For better and worse, culture and leadership are inextricably linked. Founders and influential leaders often set new cultures in motion and imprint values and assumptions that persist for decades. Over time an organization’s leaders can also shape culture, through both conscious and unconscious actions (sometimes with unintended consequences). The best leaders we have observed are fully aware of the multiple cultures within which they are embedded, can sense when change is required, and can deftly influence the process.

Read more at HBR.org

Why Personal Branding is a Must for Every Entrepreneur

Seth Godin, an American Author once said, “A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another.”

Personal Branding is a representation of one’s niche, goals, values and expertise. It helps people interpret what a brand (a person or a business) stands for.Branding also plays a crucial role in boosting the net worth of a business. According to Forbes, consistent branding across all channels increases revenue by up to 23%.

People cannot buy what they don’t know. This is why individuals, groups, businesses and organizations are constantly striving for visibility. In this competitive world, one must be unique and authentic to stand out from the rest. Studies have shown that around 91% of the consumers prefer to buy from an authentic brand. Hence, Personal Branding is a weapon that every entrepreneur can use to grow their business.

If you are an Entrepreneur, you can implement the techniques of Personal Branding by establishing a strong online presence, either through Social Media or other platforms. Statistics show that 77% of the consumers are more likely to buy from a brand, if the CEO is active on Social Media. With the help of an interactive Social Media profile, you can gain the trust of your audience and add more value to your brand. All you need to do is spend some time to create good quality content, specific to your area of expertise.

A good Personal branding strategy can clearly convey why people must choose you and your services over your competition. Personal Branding is highly essential for any entrepreneur looking to capture a large portion of the market. Setting up a personal brand can be tiresome, but the results are worthy of the efforts put in. Here are some reasons why every entrepreneur must invest in personal branding.

Read more DigitalScholar.in

Your story is the greatest legacy that you will leave to your friends. It’s the longest-lasting legacy you will leave to your heirs.” —Steve Saint

The Importance of Understanding the Essence of Branding for a Start-Up Company

The age of the internet and its dominance are today’s most prominent reality both in personal life as well as in business. In the days to come, more and more companies will inevitably be driven towards cloud technologies as a survival strategy. So, there is no doubt that even start-ups are joining the fray. Day by day the competition is becoming gravely fierce. These are the times when Branding gains much prominence in the world of business. Not all start-ups manage to get to the finishing line of the race or even beyond. Strategic Branding is what it takes for a small-scale start-up business to thrive in this ever-growing competitive market.

All processes in business require capital investment. Branding cannot be separated from the list. Evidently, capital is a significant issue for entrepreneurs and small business owners. Thus, the need for loans comes into the picture which is inadvertently followed by debt. Debt is something that cannot be ignored. It hangs around the neck of a company unless it is paid off. Debt management is thus vital as it can save you and your dream business from bankruptcy because of debt.

Branding is one of the pillars of an effective marketing strategy. It is all the more crucial when the business has an online presence. Today, when companies are being confronted with rapidly changing market trends and customer preferences, understanding the essence and potential of consistent branding and the application of it is the call of the hour. Many fail to acknowledge the potential of branding as a result of which they lag behind in the market competition. You surely do not wish to be a lost identity in the market. Who starts up a business to remain invisible? No one, right! So, yes, visibility is one of the much-needed keys on your way to commercial success. Branding is the tool that can make the presence of the business felt in the market. However, whether the impact leads to a positive or negative response is entirely dependent on the strategies that you take up for branding and the implementation of it. Therefore, you better be a stand out brand than just another commodity in a pile. Branding helps a great deal in scaling up the worth of a business start-up.

Learn more at Insights.pecb.com

The Complete Guide To Building a Brand Using Video

Brand building is tough.

With technological trends shifting rapidly, who’s to say that going with a certain strategy will prove itself down the line?

There is,  however, one element that by almost all given indications, will be a staple in any industry, for years to come:


Expected to account for 4/5 of internet traffic by 2022, it would be highly-recommended have video play a major role in your branding process.

From customer attraction to customer retention, through analytics and studies, there is much to look out from when forging a brand from scratch.

Video can prove a seminal role in all of the above.

Read more at Cincopa.com

The Real Secret to Entrepreneurial Success (That’s Not What You Think)

Is there “one weird trick” that will serve every entrepreneur well, no matter what their business model or industry might be? Yes, I think there is. But it’s decidedly un-sexy and even unpopular these days. 

It’s regular meetings. Yes, really. 

The ongoing crisis did nothing to help the cause of meetings. Corralling your employees onto Zoom calls might have made meetings a little more convenient, but most folks still think these events are a waste of time and money, and that they’re excruciating exercises in futility. And, there are even some who say meetings should be abolished altogether if possible. 

In my experience, however, the problem isn’t meetings themselves. It’s bad meetings. Inefficient meetings. Meetings that aren’t planned or run well. Meetings themselves are crucial to ongoing business growth, employee engagement and financial success.

Learn more at Entrepreneur.com

What does it take to be a successful entrepreneur?

Starting a business isn’t for the faint of heart. It can be one of life’s greatest experiences, but it is filled with obstacles and potential failure.  

Do you have the right mix of leadership, experience, support, planning, and the ability to handle difficult obstacles? Take our entrepreneur quiz to find out.

Do your best to answer as honestly as possible, and we’ll analyze your results. Based on your outcome, we’ll provide steps you can take to follow your dream of becoming your own boss. We’ll also recommend resources to help you each step of the way.

Take the quiz or skip it and check out the tips and recommended resources for each step of the way at Articles.BPlans.com.

What Makes a ‘Successful’ Business?

While there is no foolproof method for building a business, many aspiring entrepreneurs feel that having a good business plan, the motivation and the capital is all that is required to “make it.” While true, there is more to success than that. Success can mean a myriad of things to different people and businesses. It is likely that when asking 10 individuals what their definition of success is and what defines a successful business, there would be 10 different answers. In this article, New Jersey Business sits down with a handful of business mentors and consultants to dissect the components and characteristics that successful businesses share.

When starting a business, “it boils down to one thing,” says Vincent Vicari, regional director of the New Jersey Small Business Development Center (NJSBDC), based at Bergen Community College in Hackensack. “Is there a market for what you are doing and will people pay you to do it?” What this means is that the product or service that a business is providing has to be in demand, either where the business is physically located, or, where it ships its products to, whether across the United State, or overseas, for example.”

“It’s about innovation and how to create a demand in the marketplace for what’s needed,” says Michael Coletti, partner at WeiserMazars LLP, who handles owner-managed businesses and advises them on financial and business decisions. “A business could have the best product or best service, but if nobody wants or needs it, it is not going to sell very well, or be utilized.”

Learn more at NJBmagazine.com

Acceler8Success Cafe Wednesday 6.23.21

Entrepreneurial Launch Code: Learn the Keys to Success

If you asked 10 people what the word “entrepreneur” means, you’d probably get 10 different answers. Although business owners are often labeled entrepreneurs, not everyone who owns a business has an entrepreneurial mind-set or the qualities needed to make a business thrive.

One definition, which captures the essence of entrepreneurship, was developed by author John Hagel III, the founder and chairman of the Deloitte Center for the Edge, a Silicon Valley research center. From his perspective, an entrepreneur is not just someone who wants to make a bundle of money in the fastest possible way, but rather “someone who sees an opportunity to create value and is willing to take a risk to capitalize on that opportunity,” he wrote in a Harvard Business Review article.

Among the biggest mistakes many novice entrepreneurs make is attempting to reinvent the wheel. Fortunately, entrepreneurs can easily avoid that common stumbling block by following the advice of motivational speaker Tony Robbins. He said that one of the keys to success in business, especially for aspiring entrepreneurs, is to ask for help from a mentor who already knows the ropes.

“Whatever you want in life,” Robbins said, “someone has already discovered how to get it.”

Robbins said that a seasoned entrepreneur “can likely save you time and pain with the knowledge they’ve gained in their own experiences.”

Read more at BusinessNewsDaily.com

“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.” – Albert Schweitzer

5 Leadership Lessons For Entrepreneurs To Be Successful In 2021

Whether you’re a business veteran or new to the entrepreneur scene, running a business is no easy feat. Despite a challenging past year, entrepreneurial spirits are alive and well, with many Americans expanding their quarantine hobbies beyond activities like baking and exercising and starting their own ventures. Consequently, 30.7 million small businesses now currently operate nationwide, and according to the U.S. Census Bureau, applications for small business owners increased 32% in the first nine months of the COVID-19 pandemic, with a record-breaking 77% jump in Q2 – that’s 500,000 more Americans and counting navigating the complex world of entrepreneurship.

Building on a long, successful career as an entrepreneur, Kirk Simpson, CEO of FinTech software Wave, developed software specifically for small business owners to help them get off the ground and focus on doing what they love. As a three-time tech startup owner himself, Simpson’s unique connection to entrepreneurship encouraged him to develop his software with features that relieve entrepreneurs of maintaining administrative tasks like bookkeeping and banking, so they can focus on building their business. 

Learn more at Forbes.com

“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” – Mark Twain

How Much Education Does an Entrepreneur Really Need to Succeed?

Common sense might tell you that the more educated an entrepreneur is, the greater their chances of success will be. Going to college, getting an advanced degree and undergoing multiple training programs should equip them with more knowledge and experience they can use to build their business.  

But at the same time, there are plenty of stories of entrepreneurs who dropped out of college (and even those who dropped out of high school) and still did something incredible. So how much education does an entrepreneur truly need to succeed?  

First, we need to acknowledge the fact that you can find anecdotal evidence to back your claims no matter what your position is. For example, the found of Tumblr, David Karp, dropped out of high school and is now a billionaire — along with fellow billionaires Henry Ford, John D. Rockefeller, Amancio Ortega and Francois Pinault.  

Similarly, you can find stories of entrepreneurs who dropped out of college and became wildly successful. Famously, Bill Gates, Larry Ellison, Michael Dell, Larry Page, Mark Zuckerberg and Steve Jobs all left college at some point — and many of them did this so they could focus on their landmark business full-time.  

And of course, there are plenty of stories of entrepreneurs who became successful only after graduating college with an advanced degree. Anecdotal evidence doesn’t tell the full story, however. 

Zooming out, we can see that the alluring tale of the “college dropout entrepreneur” is a bit unfounded. Although there are some specific examples of people who abandoned their education and became successful, these tend to be exceptions rather than the rule.  

Learn more at Entrepreneur.com

How to Foster and Nurture Entrepreneurial Success

You’ve likely heard the tales of entrepreneurs working 18-hour days by themselves, but that’s not a healthy way to run a business. Trying to take everything on yourself can quickly lead to exhaustion, burnout, and mistakes.

A successful company begins at the top and if you’re stressed and tired, then your service and morale will suffer. Instead, learn to take on what you must and delegate the rest to others. Many business owners want to do everything themselves because they don’t trust it can be done right.

Smart entrepreneurs surround themselves with people they trust and give them jobs they’re qualified for. Don’t take on so much that your business suffers.

Read more at ErikChristianJohnson.com

“Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary.” – Steve Jobs

6 Things Every Entrepreneur Should Do throughout 2021 to Thrive

A variety of factors contribute to one’s success as an entrepreneur. According to recent research, they include everything from financial stability to excellent leadership. And, while you may do a lot to improve the efficiency of your business, there are some things you must do. Here is an outline of many critical things entrepreneurs must do to drive firm success to a global scale.

  • Personify, personify, personify your brand.
  • Make your brand more human.
  • Make your brand more human! Your company, your employees, or your products may make your movie available on your best-written blog or post.
  • Thanks to your phone, you are now encouraged to more conferences, interviews, and awareness events than ever before in today’s business environment. Visibility is important for your business as well.

Read more at ThriveGlobal.com

What Entrepreneurs Should Know About Reading

What do all successful entrepreneurs have in common?

They read books.

A lot.

Warren Buffett devotes about 80% of each day to reading, Bill Gates strives to read one book a week, and Mark Zuckerberg needs two weeks to read one book and share it in his online book club. Oprah Winfrey selects one of her favorite books every month for her Book Club, while Richard Branson might wow you with his impressive bookshelf.

Why do they read like there is no tomorrow?

Books encourage self-educating, self-improvement, and success. Entrepreneurs read books to reveal marketing secrets and get advice on business strategies, as well as develop necessary skills and get new business ideas and motivation.

The trick is, successful people are highly selective about what they read, choosing books for education rather than entertainment.

Read more at Creately.com

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Whether you’re an aspiring entrepreneur or an entrepreneur who is striving to make your business successful, learning from successful entrepreneurs’ experiences can help you grow faster.

Let’s take a look at LifeHack.org for the 15 best entrepreneurs books to get inspirations about success and grow your business.

I Built a Billion-Dollar Company With the Help of These 19 Business Books

There’s arguably no better way to learn how to start and grow a business than to just dive in with a hands-on approach. At the same time, as someone who built a “unicorn” from the ground up, I can also testify that there’s a lot of wisdom in taking advice from others who have already gone through the school of hard knocks. Books are a wonderfully accessible way to get that advice, and there’s no shortage of incredible professionals who are sharing what they know through the written word.

Check out these 19 must-read titles at Entrepreneur.com if you’re serious about entrepreneurial success, leadership and creating a hypergrowth company.

Take a Seat: Relaxation for the Entrepreneur

Entrepreneurs hardly ever get time to sit and just think. I’d argue that starting your own business is one of the toughest jobs out there. And the possibility of stress, the lack of motivation and the impending fear of failure is enough to get even the toughest player to gasp for mercy.
Entrepreneurs may forget that they too deserve a break and need to unwind and clear their heads. In fact many top CEOs and entrepreneurs consider this unwind time non-negotiable. As for me, I was so stressed as I was pursuing my business ideas that I cornered myself with a bout of pneumonia, rendering me unable to work on anything for a month – what an #entrepreneurfail. Since then I’ve carefully carved out a balance.
Here are some traditional ways to relax as an entrepreneur:

  1. Meditation and Yoga – Top CEOs meditate. Are you one of them? 
  2. Exercise – There is evidence that you can actually improve your memory and focus with exercise  
  3. Humor – Laughter can reduce your blood pressure and help you think clearly. If you need a laugh you can always turn to #entrepreneurfail!
  4. Family and Friends – Don’t forget those who care about you the most.
  5. Me time – You, yourself and yes to taking a well deserved break.

Learn more at EntrepreneurFail.com

Entrepreneurs! It’s Important to Relax

As an entrepreneur, it’s easy to fall into the trap of feeling like time spent relaxing is time wasted. When your time is your money, it makes sense to spend as much time as you can working so that you can grow your business and make a larger profit. But, forgetting to relax can cause a number of problems with your health – including stress and anxiety, high blood pressure, headaches, muscle pain and more, which can add up and take their toll.

If you’ve been running a business for a long time and it’s getting increasingly busier, you’ll be forgiven if you’ve forgotten what relaxing feels like. Many entrepreneurs find themselves incorporating work into the time that they’ve set aside for relaxation, such as taking their laptop on holiday, checking emails in front of the TV, and taking conference calls during dinner time. But, it’s vital that during the time you set aside for relaxation, you forget about work. This helps you to truly wind down and release the stress of the day, leaving you refreshed to take on the remainder of what you have left to do.

Learn more at BMMagaine.co.uk

Meditation for Entrepreneurs — A Blueprint

As entrepreneurs, we all need to cope with uncertainty, evaluate risk, constantly learn, and adapt to an ever-changing environment. Often times it means working harder, longer, and sacrificing short-term gains for a longer-term goal. Not the most stable and predictable way of living.

Luckily, meditation offers many techniques to work through these challenges while helping you to get to know yourself better.

The most obvious benefit of meditation is that it reduces stress levels. However, there are many more profound benefits to be reaped.

More specifically, meditation can help to

  • Be more centered — Entrepreneurs sometimes need to make quick decisions and iterate quickly, and good decisions are only being made when distracting thoughts and negative emotions are out of the way.
  • Be more goal-oriented— Focusing your energy on reaching your goals and milestones is essential and meditation can help to put you into the right mental state to channel your energy more targeted.
  • Be more creative—Finding innovative solutions for problems is daily business and divergent thinking is key here, a trait which is imposed by meditation.
  • Be more joyful — Life is partly suffering and building a company most likely involves low times, though, there is no reason for not being as joyful as possible throughout the entire process.
  • Stop worrying that much — Failure does not exist, it is only the interpretation of most people’s mind that makes it look like a failure. In reality, it is all about learning, and every challenge will put you in a better and stronger position.
  • Get to know your true self — This is a hard one. Finding your true self means to understand your values, strengths, weaknesses, and real passions. Getting closer to your true self will almost certainly make you a different kind of entrepreneur.

Read more at Medium.com

Acceler8Success Cafe Tuesday 6.22.21

This Huge Myth About Entrepreneurship Is Bad for Business

Before Theranos founder and CEO Elizabeth Holmes became one of the most infamous corporate fraudsters of all time, she was an archetype of entrepreneurship. After getting a game-changing idea at the age of 19, she dropped out of Stanford and spent her 20s building a multibillion-dollar business. The size of her success was important, but so was the age at which she achieved it.

Youth seems to be a big part of the entrepreneurial narrative. When we aren’t hearing about startup millionaires in their early 20s, we’re being regaled with stories of famous entrepreneurs who began hustling in adolescence. If success is a by-product of working harder and longer than others, getting started before finishing your college degree seems to be the ultimate badge of legitimacy.

The problem is that our conception of fresh-faced entrepreneurs isn’t backed up by data. According to the U.S. Small Business Administration (SBA), only 16 percent of small businesses are owned by someone under 35. The average age for startup founders is around 40, and for those behind the most successful exit strategies, it’s 47.

In reality, Sara Blakely of Spanx fame is more representative of entrepreneurs than Holmes. Blakely built Spanx into an empire, largely thanks to the strength of her will rather than any entrepreneurial acumen. She didn’t even start until she was in her late 20s, long after the “prime” age for entrepreneurial adventures.

This myth that entrepreneurs all start out by selling lemonade and hustling from an early age is not just incorrect — it’s counterproductive. It sends the message that entrepreneurship is less legitimate or attainable for late bloomers. That could keep a lot of exciting, innovative ideas out of the marketplace, and worse, it might prevent experienced older professionals from staking out on their own because they assume they’ve missed their chance.

Read more at Entrepreneur.com

Challenging the “Myths” of American Entrepreneurship

The more entrepreneurs, the better. Right? Wrong.

At least, that’s the word according to Scott Shane, G’91, GrW’92, a renowned researcher on all things entrepreneurship. Shane, a professor at Case Western Reserve University’s Weatherhead School of Management, raised some eyebrows—and drew some criticism, too—with the publication of his recent book, The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors and Policy Makers Live By

Built around Shane’s rigorous examination of American entrepreneurship, the book lays out some less-than-pleasant realities about the quality of our nation’s entrepreneurs and their impact on the overall economy—realities that some people, it seems, aren’t yet willing to accept.

“I think people are in denial,” says Shane, the author of 11 books on entrepreneurship and innovation management. “I think people are actually mad at me for writing this.”

Shane began work on the book, he says, after years of hearing the same old clichés about entrepreneurship—but not seeing any actual data to back them up. With this book, Shane intended to finally challenge those clichés.

Ultimately, he proved many of them to be false.

Read more at Magazine.Wharton.UPenn.edu

How Entrepreneurs Can Make a Difference (ChangeNow 2021)

Entrepreneurship is more accessible than ever before, but entrepreneurs haven’t always used this opportunity to make the world a better place. On Founder Institute’s 10-year anniversary, we declared a mission for the next decade: By 2030, 80% of FI companies will build businesses that directly address the UN SDGs (United Nations Sustainable Development Goals).

Jonathan Greechan, Co-founder of the Founder Institute, shares FI’s “For Progress” initiative noting, “Not every entrepreneur can (or wants to) ‘change the world,’ but every entrepreneur can do their part to make progress on the SDGs. This is what ‘For Progress Companies’ are all about.”

Read more and watch the video at fi.co

3 Reasons Homeschoolers Often Become Entrepreneurs

I learned the word “entrepreneurship” when I was 12. I had just started my first business, and my mother informed me I was now an “entrepreneur.”

I didn’t know what the word meant, but I liked the way it sounded.

Even better, I liked having a business. I was selling hand-knitted dolls, made from patterns I had designed myself. I sold them for $24 apiece, which, at 12 years old, was good money. It would only take me four sales to make nearly $100, and $100 significantly upped the balance I scrawled on the lid of my money box.

That number excited me when I first got started. Little did I know I would surpass it many times over in the years I was in business.

The money was nice. More importantly, I was learning real-world lessons about life, business, and being opportunistic—skills that served me well in my future entrepreneurial ventures, such as breaking into the startup world and becoming a professional development coach.

It wasn’t until I was an adult that I realized how much of an advantage being homeschooled gave me when it came to thinking entrepreneurially.

There are some very tangible reasons why.

Learn more at Fee.org

The Best First Jobs for People Interested in Entrepreneurship

When we are young, time is like rich soil, in which we plant for the future. Aspiring entrepreneurs should be especially conscious of their first career choices, as it can be the experience they need to prepare for their own ventures. As the academic year closes out, seniors across the country are evaluating job offers and looking around for the best opportunities to start their careers.

Some students will look for a great tech name, some for the best exposure to their favorite industry and others for whatever job pays the most. But many ask what is the best job versus the best first job. Instead, first jobs should be stepping stones — a way to capture knowledge quickly and move on, versus a position that offers immediate gratification in the form of compensation, benefits or a title. This is especially important for future entrepreneurs.

If you are a young person planning to be an entrepreneur, here are some tips and considerations for evaluating your first job. I’m coming at this both as an entrepreneur myself and as someone involved in recruiting through my work. Think of these first job categories as paths meandering to a beautiful beach — they each lead to the same beach, but they will each offer different sights and experiences along the way.

Learn more at Entrepreneur.com

“The business is a place where everything we know how to do is tested by what we don’t know how to do, and that the conflict between the two is what creates growth, what creates meaning.”Michael Gerber, The E-Myth Revisited

How business accelerators can help new startups succeed after COVID-19

The COVID-19 pandemic resulted in the loss of 225 million jobs around the world.

Younger people have been significantly affected, particularly in industries stalled due to restrictions caused by the pandemic. Many businesses did not survive and unemployment is expected to push more people into entrepreneurship.

These entrepreneurs will need support to survive and thrive after the pandemic. Innovation and entrepreneurship will be essential for economies to recover and build resiliency. Therefore, how these entrepreneurs and their new ventures are supported is important.

Business accelerators, a mechanism to support and grow new ventures, will need to evolve post-pandemic to support new entrepreneurs.

Read more at TheConversation.com

What Is A Startup?

Whether they want to change the world or simply make their business vision a reality, startup founders dream of giving society something it needs but hasn’t created yet—and doing it at scale.

For the less industrious, startups also have another appeal—eye-popping valuations that hopefully lead to an initial public offering (IPO) with an astronomical return on investment.

Startups are young companies founded to develop a unique product or service, bring it to market and make it irresistible and irreplaceable for customers.

Startups are rooted in innovation, addressing the deficiencies of existing products or creating entirely new categories of goods and services, thereby disrupting entrenched ways of thinking and doing business for entire industries. That’s why many startups are known within their respective industries as “disruptors.”

You may be most familiar with startups in Big Tech—think Facebook, Amazon, Apple, Netflix, Google, collectively known as FAANG stocks—but even companies like WeWork, Peloton and Beyond Meat are considered startups.

Read more at Forbes.com

The ‘Next Normal’ for startups: How the early stage investors’ money moves in the post-COVID-19 world

If people were told a year back that their life would be confined to four walls, they would have laughed it off. But today it’s a reality. Humanity across the globe is facing a crisis that our generation has not seen before. The decision that people and their elected governments would take will shape this world into a different place, not just in healthcare but also in our economies and businesses. Our shoulders are not just burdened with responsibilities of the near future but also with decisions that will shape our long-term future and we need to act consciously and sanely.

If we look at the wider perspective, this pandemic is not only a health crisis of the highest magnitude that will force us to make decisions, but it may also change the global economic and business order. And startups, that might be immediately firefighting and concerned about the near-term survival, will soon have to start thinking about their distant future – a future which may change their business models and in some cases their businesses and maybe a vision as well. And all this will have to happen while the battle against the ‘invisible enemy’ continues so that they roll out their new version of businesses as soon as we see the light at the end of this pandemic tunnel.

But while startups and their stakeholders find out what needs to be changed in their business models, the question that looms over everyone is what is going to be the ‘New Normal’. While people are still figuring out what changes may come in, it is increasingly becoming clear that this period is going to change certain things fundamentally forever — the way we live, the way we eat and most importantly the way we do business.  It may still be too early to gauge or decide whether these changes will be permanent or temporary but some industries and sectors will see darkness for some time — long enough to move out of the attention of the private investors like the venture capitalists and private equities.

Read more at MoneyControl.com

“What makes people work is an idea worth working for, along with a clear understanding of what needs to be done.”Michael Gerber, The E-Myth Revisited

Acceler8Success Group: Connecting the Right Brands, People & Opportunities!

The uncertainty of COVID-19 pandemic created the perfect time to diversify and expand. After all, it’s been said that necessity is the mother of invention. To that end, Acceler8Success Group was formed mid-2020, building upon Acceler8Success principles and methods that have proven successful since 2014.

Widely recognized as industry leaders & experts, Acceler8Success Group leadership have extensive experience as entrepreneurs in small business & restaurants, as senior-level executives within nationally recognized brands, and as franchisees within successful franchise systems. 

Members of Acceler8Success Group along with Strategic Partners have earned designation as Certified Franchise Executives, Certified Franchise Brokers, Certified Business Brokers and Commercial Real Estate Brokers. Positioned to deliver services within the U.S., Canada and other Global markets, languages spoken include: English, Spanish, Portuguese, French, Italian, German and Russian. 

Acceler8Success Cafe Monday 6.21.21

How the Pandemic Impacted Entrepreneurship

The COVID-19 pandemic entirely changed the way most people approached, well, everything. The economic and business consequences of the COVID era have been immense, and businesses have taken a huge hit. For small businesses and entrepreneurs, it has proven to be a particularly difficult time from which it will take years to fully recover.

To learn just how the pandemic has impacted entrepreneurs and what the future looks like for entrepreneurship in the U.S., Skynova surveyed over 500 people about all aspects of the world of business and how the pandemic has affected it.

Among respondents, 57% said they were negatively impacted by the pandemic. While 18% said they weren’t impacted at all, a shocking 26% said they felt the pandemic had a positive effect on their business. Overwhelmingly, the biggest industry impacted among entrepreneurs who saw negative effects from the pandemic was retail. Seventy-six percent of entrepreneurs who were negatively impacted said their business was in retail, while 71% said they provided in-person services, 69% were in the hospitality industry, 47% worked in e-commerce, and 42% in digital services.

Interestingly, 40% of e-commerce businesses and 44% of digital/remote entrepreneurs said they were positively impacted by the pandemic. The biggest favorable impact among respondents who felt the pandemic had affected them positively cited a new customer base. Twenty-two percent said as much, while 21% felt that a growth in e-commerce was responsible for a positive experience.

The top negative experience for entrepreneurs was overwhelmingly revenue loss, with 47% highlighting that as the thing that impacted them the most. Forty-four percent said a loss of customers was to blame, while 27% blamed delayed timelines, 24% cited temporary closings, and 21% said supply chain issues weighed heavily.

Read more at ValueWalk.com

Pandemic Fuels Global Growth Of Entrepreneurship And Startup Frenzy

The global pandemic has brought about a true boom in startups, as the number of new companies around the world has significantly surpassed the indicators of last year. Such a surge in entrepreneurship is being attributed to workers who were laid off and started their own businesses.

The Financial Times reports, citing official state statistics, that a boom in entrepreneurship in many countries has been recorded against the backdrop of the coronavirus pandemic of 2020:

• In the United States, in July 2020 the number of applications for starting a business reached its all-time highs of 551,657 00 an increase of 95% compared to the same period in 2019, according to the Census Bureau.

• In France, 84,000 new businesses were registered in October, according to McKinsey. This is a historical maximum and a 20% increase from the same month in 2019.

• Japan registered 10,000 new businesses in September 2020, up by 14% over the same month in 2019.

• In the U.K., the number of registered companies increased by 30% year on year in November and December 2020, according to the National Statistical Office. Startups have grown in the double-digit values since June.

Such a natural accelerator of startups as the pandemic has undoubtedly had a positive effect on the global economy. These developments on the individual entrepreneurship level are likely to aid numerous economies to quickly defeat the consequences of the pandemic. However, at the same time, some of the newly formed enterprises may not be able to withstand competition or find an application and are likely to quickly go bankrupt.

Learn more at Forbes.com

“You shouldn’t focus on why you can’t do something, which is what most people do. You should focus on why you can, and be one of the exceptions.” – Steve Case, co-founder of AOL

15 Business Ideas to Launch During a Pandemic

During the COVID-19 pandemic, many professionals who had been furloughed or laid off decided to forge their own path and launch a business. These newly minted entrepreneurs quickly discovered that, despite the national and global circumstances, there were plenty of pandemic-friendly business ideas that could be successfully executed.

Although the vaccine is beginning to restore normalcy to everyday life, some lasting changes from this time, like remote work, online retail and home delivery services, will carry over into the post-pandemic world. Plus, launching a business with the pandemic in mind means you can future-proof your new company for crisis situations like COVID-19.

Learn more at USChamber.com

How To Start A Business During COVID

According to a study conducted by the National Bureau of Economic Research, the Covid-19 pandemic has placed a tremendous strain on the American economy, with more than 100,000 small businesses permanently closing their doors. Yet despite these statistics, the increase in U.S. new business applications hit a 13-year high, as highlighted in an analysis of U.S. Census Bureau data from the Wall Street Journal.

What is inspiring these brave entrepreneurs to start a business during such unprecedented times? A recent survey reveals that 27% of these new founders were laid off from their full-time jobs, while 51% identified a unique business opportunity and decided to make the leap. Given that recessions are times of great need and moments of crisis inspire innovation, this may be a great time to strike out on your own.

Read more at Forbes.com

Here’s how these small businesses pivoted to survive during the pandemic

When the Covid pandemic hit, small business owners across the country scrambled to stay afloat.

Those who managed to stay open were the fortunate ones. As of May 5, the number of U.S. small businesses that are open decreased by 33.8% compared to January 2020, according to Opportunity Insights, a Harvard-based economic tracker.

Learn more at CNBC.com

SBA COVID-19 Relief Options

Paycheck Protection Program – This forgivable loan helps businesses keep their workforce employed during the COVID-19 crisis.

COVID-19 EIDL – This program provides funding to small businesses and non-profit organizations currently experiencing a temporary loss of revenue related to COVID-19.

Shuttered Venues Grant – The Shuttered Venue Operators Grant program provides emergency assistance for eligible venues.

Restaurant Revitalization Fund – This program provides assistance for eligible restaurants, bars, and other food service businesses impacted by COVID-19.

SBA debt relief – SBA provides a financial reprieve to existing borrowers during the pandemic.

Read more at SBA.gov

Start-ups: Entrepreneurship Through the Most Innovative Ideas

Startups are small but brilliant companies. They are the result of groundbreaking ideas through which entrepreneurs want to change the world. In addition to its capacity to innovate, the difference between a startup and an SME is the flexibility of a startup in adapting to change and in its customer-centric approach.

In 1996, two students from Stanford University joined forces to create the best Internet search engine. They developed it within the facilities of the university itself as well as in a neighbours’ garage. And thus, Google was born. The project did not take long to find its first investor: the co-founder of Sun Microsystems, Andreas von Bechtolsheim, who gave them a cheque in the amount of 100,000 dollars.

Young entrepreneurs — such as Larry Page and Sergey Brin were in their day — are the origin of many small companies that have great potential for growth. Although they are developed in almost every sector, the vast majority arise from technology. Google, Twitter and Facebook were all born thanks to a start-up — or emerging company —.

Read more at Iberdrola.com

16 Entrepreneurship Trends for 2021/2022: New Forecasts & A Look Into What’s Ahead

New technologies, evolving customer demands, societal shifts, and the COVID-19 pandemic are rapidly changing the business landscape. These factors paved the way for location-independent companies, niche markets, disruptive industries, as well as closely-knit global teams. However, to reap the benefits that these changes have to offer, you must keep yourself up-to-date on the emerging entrepreneurship trends.

To help you out, we have compiled some data on the different industry shifts to look out for in 2021 and beyond. With this, it’ll be easier for you to fully grasp the changes that can affect your entrepreneurial endeavors and update your strategies accordingly. As such, you can keep your business moving forward in the changing times and keep your edge against the competition.

Many people put entrepreneurship on a pedestal. As a result, people at a very young age are being encouraged to become entrepreneurs when they grow up. This idea took deep roots in many of America’s young people’s minds. In fact, 12% of all SMEs have Millennial owners (Guidant Financial, 2020).

However, it is really hard to become a successful entrepreneur. To illustrate, only half of new businesses survive five years or longer, while only a third reach the 10-year mark (U.S. Small Business Administration, 2019). This is attributed to the many hurdles and challenges that lurk in the ever-changing business landscape. Many new (and even seasoned) entrepreneurs fail to keep up. Thus, they get selected out of their respective evolutionary markets.

What’s more, external market forces are not the only things to overcome. Some entrepreneurs may have started on the wrong foot altogether. Researchers found that about 42% of failed businesses were not needed by the market at all (CB Insights, 2019). This means that these entrepreneurs offered products and/or services that nobody really wanted. Moreover, about 17% marketed non-user-friendly products.

Read more at FinancesOnline.com

How an entrepreneurial idea can be transformed into a startup

Starting your own business is tricky and risky. Many things can go wrong. Starting off requires a capital that not everyone has. Finding that capital is not very difficult. Business loans were created for that particular reason. But can you be certain that your business will flourish? Will you be able to pay the loan back? These scary thoughts haunt the minds of the young aspiring business owner and keep them from making their dreams come true!

It is true that it is impossible to know what the future of your company is going to be like. But what you can do is raise the odds of success. To do that you need an idea. The IDEA. That one idea that will make your business shine. That one idea that will be different from all the other. The idea of an Entrepreneur.

An entrepreneurial idea is a special thing. It is an innovating idea of offering something different. An idea that no one else has or even if they did, yours is a little bit differentIt offers something more. And it is that idea that will give your business a good chance in the labor market. Turning the entrepreneurial idea into a startup business, however, demands certain expertise. The idea itself will not be enough without the right background to support it.

Learn more at IED.eu

Acceler8Success Group: Connecting the Right Brands, People & Opportunities!

The uncertainty of COVID-19 pandemic created the perfect time to diversify and expand. After all, it’s been said that necessity is the mother of invention. To that end, Acceler8Success Group was formed mid-2020, building upon Acceler8Success principles and methods that have proven successful since 2014.

Widely recognized as industry leaders & experts, Acceler8Success Group leadership have extensive experience as entrepreneurs in small business & restaurants, as senior-level executives within nationally recognized brands, and as franchisees within successful franchise systems. 

Members of Acceler8Success Group along with Strategic Partners have earned designation as Certified Franchise Executives, Certified Franchise Brokers, Certified Business Brokers and Commercial Real Estate Brokers. Positioned to deliver services within the U.S., Canada and other Global markets, languages spoken include: English, Spanish, Portuguese, French, Italian, German and Russian. 

Acceler8Success Cafe Weekend A/V Edition

This is interesting… While it’s natural and oh so tempting to want to announce big goals, it’s smarter to keep them to yourself. In a 2009 experiment at New York University, 163 subjects were given a difficult work project and forty-five minutes to spend on it. Half the subjects were told to announce their goals, while half were told to keep quiet.

The subjects who announced their goals quit after only an average of thirty-three minutes, and reported feeling satisfied with their work. Those who kept their mouths shut, however, worked the entire forty-five minutes, and remained strongly motivated. (In fact, when the experiment ended, they wanted to keep working.)

Telling others about your big goals makes them less likely to happen, because it creates an unconscious payoff— tricking our brains into thinking we’ve already accomplished the goal. Keeping our big goals to ourselves is one of the smartest goals we can set.

“If you aim at nothing, you will hit it every time.” – Zig Ziglar

As part of our commitment and dedication to entrepreneurial success at all levels, Acceler8Success Cafe Weekend A/V Edition has been developed to provide current and aspiring entrepreneurs a relaxing way to stay motivated and inspired, while also staying informed. – Paul Segreto, Acceler8Success Founder

NOTE: Please pause video before moving from one to another. Thank you!

Golden Rules of Goal Setting

Have you thought about what you want to be doing in five years’ time? Are you clear about what your main objective at work is at the moment? Do you know what you want to have achieved by the end of today?

If you want to succeed, you need to set goals. Without goals you lack focus and direction. Goal setting not only allows you to take control of your life’s direction; it also provides you a benchmark for determining whether you are actually succeeding. Think about it: having a million dollars in the bank is only proof of success if one of your goals is to amass riches. If your goal is to practice acts of charity, then keeping the money for yourself is suddenly contrary to how you would define success.

To accomplish your goals, however, you need to know how to set them. You can’t simply say, “I want” and expect it to happen. Goal setting is a process that starts with careful consideration of what you want to achieve, and ends with a lot of hard work to actually do it. In between, there are some very well-defined steps that transcend the specifics of each goal. Knowing these steps will allow you to formulate goals that you can accomplish.

Read more and watch the video at MindTools.com

Do you have an emergency business plan in place in case of another pandemic or similar event?

The coronavirus of 2020, the H1N1 (bird flu) of 2009, the Zika virus of 2016, seasonal flu, and other inevitable illness threats, have something in common: They are reminders to businesses of the importance of an epidemic/pandemic business continuity plan.

Regardless of how serious, or benign, coronavirus might be for the population as a whole, the fact is that it’s infecting and affecting the business supply chain and everything connected to it. Whether or not disease fears are justified, they’re real when they affect your business. 

It’s better to have an emergency plan and not need it than to need an emergency plan and not have it.

Read the complete article and learn how to create an epidemic/pandemic business plan at KnoxNews.com.

Note: Please respond to the question by clicking on the image above.

Acceler8Success Cafe Friday 6.18.21

How to Grow Your Personal Brand for Long-Term Success

Growing your brand can yield life-changing opportunities. If you’re interested in creating content based around your passion, it’s something to consider as an investment of time. Depending on your industry, a strong personal brand may even be a requirement for your field.

A personal brand could include your areas of expertise, colors or patterns you associate with yourself, catchphrases, or specific teaching methods. Your brand expresses how you do things differently than everyone else, and it defines your style while you do it.

While your voice and passions may change over the years, your brand also goes through a natural evolution, especially in fields like marketing, which are dependent on constant innovation. Your brand can attract interactions with other influencers, phenomenal networking opportunities and more.

Read more at Entrepreneur.com

Personal branding is the art of becoming knowable, likable and trustable. – John Jantsch

Personal Branding – Why Now is the Time to Build Your Personal Brand

Business-level branding has been a key part of the economy since the Industrial Revolution. Today, children who are not yet old enough to read can recognize popular brands like McDonald’s and Nike.

That said, brands used to be only for businesses. Employees were expected to uphold and support the principles of the brand. Some of us in marketing were even lucky enough to help our businesses build their brands. But as trust has eroded away from corporations and government institutions, we are seeing the ushering in of a new era: the personal brand.

Those of us who understand how to yield the power of our networks will achieve greater levels of professional success. And those who know how to use social channels to deliver helpful messages will ride the wave of this new era in personal branding.

Now, more than ever, is your time to shine as a positive voice in the crowded media marketplace.

The rise of branding on a personal level has been more recent. For a long time, personal branding was better left to athletes, models, and Hollywood celebrities. Today, personal branding is a key to succeeding in many different parts of life.

Read more at MarketingInsiderGroup.com

6 Reasons Why A Personal Brand Is Important For Entrepreneurs

There is a saying in sales, people buy YOU and not really your product. They buy into who you are and what you represent. And this is no more important than today’s convoluted marketplace. In the present global economy where anyone can sell anything, or anyone can copy what others are offering, having a strong personal brand is crucial in order to stand out. And not just to stand out, but to be trusted, that is the key.

People trust something they can relate to, like a person, and not just a brand. With that trust comes loyalty, and with loyalty comes fans who proudly recommend your brand to others. Think of free advertising on social media and word of mouth from strangers, who are willingly advocating that you (and your product or service) is the best they have ever had. And we all know a third-party testimonial or review is the most powerful one there is.

Having these online reviews serve an even greater purpose. According to a study by Kredible, 52 percent of online vendors lost potential sales because of information (or lack thereof) about them online. This clearly underlines how important customer reviews are, for you and your brand. More than that, it shows how a strong personal brand can make or break your business.

Learn more at EntrepreneurshipFacts.com

A great brand is a story that’s never completely told. A brand is a metaphorical story that connects with something very deep – a fundamental appreciation of mythology. Stories create the emotional context people need to locate themselves in a larger experience. – Scott Bedbury

Defining What a Brand Is: Why Is It So Hard?

A lot of people – even those in branding – struggle with answering the question: So what’s a brand, anyway?

The term “brand” first emerged more than half a century ago as a way for cattle ranchers to identify their animals. In the late 1880s, packaged goods like Coca-Cola started taking off. Brands were used to differentiate them from the generic competition.

But as branding progressed, marketers realized there was more to the brand of Coca-Cola than just a non-generic name.

David Ogilvy, the “Father of Advertising,” defined brand as “the intangible sum of a product’s attributes.”

The Dictionary of Brand defines brand as “a person’s perception of a product, service, experience, or organization.”

Marty Neumeier, author and speaker on all things brand, defines brand by first laying out what a brand is not: “A brand is not a logo. A brand is not an identity. A brand is not a product.” Neumeier goes on to say that “a brand is a person’s gut feeling about a product, service, or organization.”

Learn more at EmotiveBrand.com

Great companies that build an enduring brand have an emotional relationship with customers that has no barrier. And that emotional relationship is on the most important characteristic, which is trust. – Howard Schultz

What’s the difference between branding and marketing?

Although often mentioned interchangeably, branding and marketing are two separate things. Knowing the difference between the two is key to mastering both parts of your business. Branding and marketing are both equally important to the success of your business. Being strong on both sides will put your company on a path to success.

Ask around and you will get various answers regarding the distinction of the two, and some may even tell you they are the same. This will explain how and why they are distinct and, most importantly, how to build them both into an advantage over your competition.

Marketing can be described as an activity a company takes to promote its products or services. Marketing’s primary goal is to generate interest for the product or service. Marketing is a set of actions that are designed to communicate the benefits of a company and what it has to offer to its target consumers. 

Marketing can be carried out in many different forms that will cost varying amounts of money depending on the potential customers that each specific activity can reach. To develop and manage a successful marketing plan a business will first need to determine the message it wants to convey and that target audience to serve that message to. 

Branding, in comparison to marketing, is more internalized. It is about defining who you are. Defining your brand is paramount to the success of your marketing efforts and your business in general. 

The characteristics that make up your brand, including your name and logo, should easily identify your business to consumers and be distinct from competitors. Taking it a step further, the colors and fonts you use will become a part of your brand so the small details cannot be overlooked. 

Branding needs to be clear, concise, and consistent. Staying consistent in all aspects of your brand will allow for recognition and an easier path to building a solid reputation.

Learn more at BrandingCompass.com

Branding demands commitment; commitment to continual re-invention; striking chords with people to stir their emotions; and commitment to imagination. It is easy to be cynical about such things, much harder to be successful. – Sir Richard Branson

Where Marketing Ends, Branding Begins

So you’ve got a business and you’re ready to push your branding efforts online. The first question you encounter is “How do I go about with branding?”

What I’ve noticed from my years of experience in online marketing is that you probably think branding involves the following:

 Logos, color schemes, and website design – What should my logo be? What colors represent my business best? How do I go about with my web design?
● Brand mentions, links, and social popularity – I have to be as visible online as possible, because this promotes brand recall
● SERPs visibility, ad campaigns, and other promotional efforts

If you answered any of the above, then you’re looking at branding the wrong way. The items I mentioned are all marketing tools and strategies, and they only scratch the surface of branding.

Learn more at NeilPatel.com

Three Marketing Tactics Every Budding Entrepreneur Must Employ

As an entrepreneur, the art of marketing is at the forefront of your strategy. To grow, you need to employ thorough marketing tactics towards the right consumers. And in today’s business world, there’s a wealth of information at your fingertips. Visit your local bookstore, and there are likely shelves upon shelves of marketing advice. A simple search online will yield millions of results. But with a wide breadth of resources, it can be difficult for entrepreneurs to navigate.

For this reason, biographies and how-tos are popular in the business world. Business owners want to hear advice from people who have been there and done that. They want to learn more about the tried-and-true methods of the successful.

Read more at DazeInfo.com

Advantages of digital marketing for entrepreneurs

Most of us enjoy the security that comes with doing a 9 to 5 job. The monthly or weekly salary is a safety net that keeps our financial life balanced. But out of this lot, there are few who just can’t stand it. They hate the routine and work under someone. So what do they do?

They become entrepreneurs. Instead of working for someone, they have others work for them. While it may seem easy from afar, a lookup close will prove otherwise. If you are an entrepreneur, then you know what I’m talking about. But sometimes along the busy schedule, digital marketing might get pushed back. Which is why I’m here to tell you it shouldn’t. In case you forgot why it’s important here are advantages of digital marketing for entrepreneurs you definitely should know about.

Read more at VebudoVision.com

9 Reasons Why Every Entrepreneur Should Be On Social Media

As an entrepreneur, you are constantly trying to find an advantage. A new tool that can make you more productive, a way to save more money, a market trend you can capitalize on…

The list goes on and on, as I am sure you know. What if we told you social media is one of the biggest advantages an entrepreneur can have. Even better, it is free. Regardless of where you are on your entrepreneurial journey, pre-launch to post IPO, social media can literally be the difference in success and becoming just another failed company. You might already be active on social media, but the question is: are you taking advantage of all the benefits?

Learn more at eclincher.com

Acceler8Success Cafe Thursday 6.17.21

The Traits That Lead to Entrepreneurial Success

While no natural-born skill is a prerequisite, some characteristic are good predictors.

  • In the trade-off between management experience and industry experience, the winner depends on the venture’s level of risk.
  • Social capital – i.e., good connections – can help bring entrepreneurs to the startup stage, but only strong networking skills correlate with success.
  • Entrepreneurs are generalists, not specialists – no single area of expertise can predetermine success.

What does an early-stage investor look for in a company? E. Keller Fitzsimmons, serial entrepreneur and angel investor behind the book Lost in Startuplandiaevaluates the founder themselves with a question of her own: “Do they have the ability to ride out the roller-coaster ride of entrepreneurship?”

Learn more at BusinessNewsDaily.com

“There is only one success: to be able to spend your life in your own way.” – Christopher Morley

Top 5 Barriers to Crush if You Want to Become an Entrepreneur

The satisfaction of running your own business and working for yourself is a dream for many.

Unfortunately, our own attitudes and flaws get in the way. This can keep us from truly reaching financial freedom and success.

Whether you’ve been dreaming of entrepreneurship, or already knee-deep, here are some factors that can prevent you from reaching that magic plateau.

Imposter syndrome is real. It can begin as early as high school. Some may not feel they’re on the same level as the other students. Even if they get good grades, they may believe it was a fluke or luck.

According to an article in Forbes; Imposter syndrome can be clear in both those who are just starting out and those who have already achieved success and feel like a fraud.

To conquer imposter syndrome, appreciate your successes. Acknowledge them even if you don’t believe in them.

Read more at Medium.com

The Building Blocks of Entrepreneurial Success

When you think of an entrepreneur, the kind of person that has started and grown numerous companies, what words come to mind describing them? Some that I think of include bold, creative, hustler…

In the development of the Entrepreneurial Edge assessment, we did a study to see how over 400 entrepreneurs compared with non-entrepreneurial professionals on 12 competencies that are important for entrepreneurial success. Of those competencies, three stood out as the biggest differentiators:

  1. Innovation:The ability to formulate and shape novel ideas.
  2. Risk-Tolerance:The level of comfort one has with taking calculated risks.
  3. Visionary: The ability to conceptualize an idea in order to develop plans and set direction.

In my work, I’ve been fortunate to work closely with several serial entrepreneurs. These intrepid business people have started and operated as many as four companies at a time and have all found success to varying degrees. I’ve gotten to see the highs and lows of the entrepreneurial experience from this perspective and learned some great lessons along the way.

Read more at MHS.com

“When in doubt, bootstrap. Using your own personal resources is the easiest way to start a business. You don’t have to convince investors about the merits of your idea. You just have to convince yourself.” -Ryan Holmes, Co-founder of Hootsuite

Entrepreneurial Success Requires Stamina

People who aren’t runners assume that they can’t perform at the level of trained marathoners. New entrepreneurs do look at experienced entrepreneurs and assume that they can perform at that level.

Experienced entrepreneurs perform at the level they do because they have years of training. We’ve fallen into enough holes to know how to climb out of them, we’ve learned how to pace ourselves for the marathon, and we have successful environments that keep us rolling when times get tough.

I’ve done a lot of things in my life, and few things have been more full-contact than being an entrepreneur. It tests your emotional resolve. It changes your social networks. It strips away the security you once had in a steady, predictable paycheck. You have to learn to embrace uncertainty and deal with what comes.

And that’s when times are good.

When times are bad, you will want to quit. You’ll start fantasizing about getting a job, showing up, doing what you’re told, and going home to have some peace and tube time. You’ll hate the plans, projections, gambles, and opportunity-making that you have to do every day.

Learn more at ProductiveFlourishing.com

Diversity In Entrepreneurship: What We Can Do To Create A Level Playing Field

What inspires someone to become an entrepreneur?

I’ve often wondered what gives some people the energy and focus to take their idea and turn it into reality. I know so many others who dream but don’t ever take action to venture out on their own. They love working and contributing to an organization as part of a team and enjoy the security that comes with it.

But for some of us, entrepreneurship is like an itch that demands to be scratched. For me, it’s the challenge of creating something that makes an impact on people’s lives.

Creating a viable business requires more than just a great idea. There are the long hours and a commitment to doing the work without knowing if your work is going in the right direction or not. Of course, it also requires capital, sound decision making, strategy, the right team and luck. Without these ingredients, the business starves and fails. And even with these, the odds are the business will not make it.

Despite all the roadblocks, obstacles and low likelihood of success, 93% of entrepreneurs ultimately believe the journey is worth it, according to a new study commissioned by NPR’s “How I Built This,” The Secret Lives of Entrepreneurs.

Read more at Forbes.com

The Importance of Diversity in Entrepreneurship

It’s 2020, and the world is going to look very different in the coming decades. As of this writing, we are at the end of this phase of COVID-19 and countries throughout Europe as well as states across America are slowly beginning to reopen. The pandemic may have thrown the world for a loop, but the crisis did accelerate several trends already underway, particularly here in the United States.

While entrepreneurship has become mainstream the faces of those leading the business world have been changing (not fast enough according to some people), and now with Zoom and other digital tools at our disposal, communication gaps have been closed. When looking towards the next few decades in business, we will see leaders from a variety of nationalities and genders building the next generation of businesses.

We still have a way to go as the number of entrepreneurs who are female, African American, or of Hispanic American descent is not where it should be. However, there are encouraging trends, as fundera.com indicates that “40% of US businesses are women-owned”and that “64% of new women-owned businesses were started by women of color last year.” 

Increasing the number of entrepreneurs from these backgrounds is important for several reasons we will explore below. Particularly when it comes to education, the great modern equalizer, we can all do our part in order to bring up and work with entrepreneurs from a variety of different backgrounds. It’s not a political statement or a good PR campaign to double down on diversity when looking at the entrepreneurship space, it’s simply good for business.

Read more at Entrepreneurship.uconn.edu

The Outsized Impact of Black and Latinx Entrepreneurs

Black and Latinx entrepreneurs are a major economic force. From mom and pop shops to multimillion-dollar enterprises, minority-owned businesses generated close to $700B in revenue last year. Over the past decade, Black- and Latinx-led companies started more than 1M new businesses across the United States, leading to millions of net-new jobs. 

These dynamic Black and Latinx entrepreneurs are inspirational leaders. They defy systemic financial and institutional barriers to achieve their dreams. These trailblazers meet market needs, create their own destiny and help their communities thrive.

But too often their stories and economic contributions are not celebrated as they should be.

Let’s fix that and recognize the might of minority business leaders in the U.S. today – as well as the inequitable challenges they face.

Did you know…

Latinx entrepreneurs are leading the way. Over the past ten years, the total number of Latinx-owned business owners grew by 34% – outpacing any other ethnic group. More than 40% of Latinx entrepreneurs are millennials, and Latina women start businesses at five times the rate of their male counterparts (Who run the world? Girls!). Consider the grit and tenacity of these Latinx leaders, who strike out to be their own boss while paving the way for generations to come.

Black-owned businesses give back. Black entrepreneurs have 12 times more net worth than peers who work for an employer. Their donations of time, money and services further strengthen neighborhoods nationwide. They provide strength in numbers and power to the community.

Learn more at ey.com

10 Ways to Stay Motivated as an Entrepreneur

If you’ve just started on your quest to entrepreneurship, then you are probably finding it hard to set yourself tasks and goals without an employer or colleague supporting you. On the other hand, if you have been on this adventure for some time now, you have probably come in contact with some bumps in the road that have set you back. You may also find it hard to balance the multitude of entrepreneurial tasks you have with your personal life.

Either way, as an entrepreneur, it’s easy to lose motivation. The key is to not give up and to find ways with which you can lift yourself up on those longer, more grueling days. 

You’ve probably created your business with specific goals in mind, objectives you want it to achieve, and of course, some core values you want it to live by. The problem is, many who start their own business forget to create their own personal goals. It is crucial that you write down your reasons for becoming an entrepreneur in the first place.

Whether it be on your computer, a piece of paper, or on your phone, have them handy so that you can read them whenever you feel you have lost motivation.

Learn more at Entrepreneur.com

Entrepreneurs Define the Meaning of Business Success

Many new business owners start with a goal of “being successful.” But what does “being successful” really mean? The simplest (and most accurate) answer is that small business success is different for everyone. As with everything else for your business, it’s up to you to define success.

The journey to greatness is a different experience for each business owner. Hope Wilson, a senior marketing specialist at Skidmore, Owings & Merrill LLP, said she views business success as something larger than herself and her company.

“Success is running a profitable firm that conducts business with honesty and integrity, makes meaningful contributions to the communities it serves and nurtures high-quality, balanced lives for its employees,” Wilson told Business News Daily. “As business owners, we must think outside our own doors. We must think about the potential impacts we have on those around us as well as future generations.”

Read more at BusinessNewsDaily.com

Growth to greatness: Smart growth for entrepreneurial businesses

Business growth is one of the most talked about subjects in the entrepreneurial world. Unfortunately, much of that talk is based on faulty assumptions or erroneous beliefs about business growth. For the past ten years, I have been on a journey, along with some of my colleagues, trying to discover the “science” of business growth. The purpose of this article is to share with you some of what we have found. 

If you think about business growth, what comes to mind? Well, growth is good; in fact, businesses either grow or die. Yes, and growth is a nice linear function that depends in large part upon a business’s strategy. And growing bigger is always better.

Those beliefs are common. What do we know about them? We know that there is no basis in any science for those beliefs and that, in fact, they are not always true in the business world. At best, they are half-truths. At worst, they are pure fiction.

Learn more at IveyBusinessJournal.com

Acceler8Success Cafe Wednesday 6.16.21

The Difference Between a Freelancer and an Entrepreneur

Which are you? Are you sure?

A freelancer is someone who gets paid for her work. She charges by the hour or perhaps by the project. Freelancers write, design, consult, advise, do taxes and hang wallpaper. Freelancing is the single easiest way to start a new business.

Entrepreneurs use money (preferably someone else’s money) to build a business bigger than themselves. Entrepreneurs make money when they sleep. Entrepreneurs focus on growth and on scaling the systems that they build. The more, the better.

The goal of a freelancer is to have a steady job with no boss, to do great work, to gradually increase demand so that the hourly wage goes up and the quality of gigs goes up too.

The goal of the entrepreneur is to sell out for a lot of money, or to build a long-term profit machine that is steady, stable and not particularly risky to run.

Learn more at AmericanExpress.com

PRO Act Would Threaten Entrepreneurship in America And Hurt Freelance Professionals

Entrepreneurship is ingrained into America’s identity, and entrepreneurs are the most resilient people you’ll ever meet. I’m privileged to see that firsthand every day, as the CEO of Entrepreneur Media, where I watched entrepreneurs and small business owners across America do everything they could to survive during this pandemic. It’s why I’m so dismayed that, just as businesses are getting back on their feet, lawmakers in Washington are trying to pass the Protecting the Right to Organize Act — a law that would cost people their income, livelihoods and small businesses, and it would devastate entrepreneurial investment, especially among womenminorities and veterans.

Too few entrepreneurs are aware of this law, which is why I’m speaking up against it. This community may have weathered a pandemic, but it doesn’t deserve the self-inflicted harm now threatened by Washington.

The PRO Act would drastically restructure our nation’s labor laws in favor of union bosses and at the expense of small businesses. Included in the PRO Act is the now infamous “ABC” test, which voters in California overwhelmingly rejected for app-based drivers, and which the California Legislature has seen cause so many issues in other professions that it has now had to add exemptions for more than 100 types of careers to its ABC Test law. The ABC test presumes employment unless a certain set of conditions are met. This structure advances organized labor’s goal of widening the eligible pool of union employees as much as possible, by making it legal to unionize independent contractors, which would have the very real, damaging effect of restricting independent and flexible work arrangements.

Read more at MorningConsult.com

“Success is stumbling from failure to failure with no loss of enthusiasm.” – Winston S. Churchill

What Covid can teach us about entrepreneurship?

Covid-19 is a big multi-faceted shock. But these types of random events are grist to the mill for people trying to learn about economic forces. In other words, it often takes something out of the ordinary for us to learn about the ordinary.

I had been waiting for research along these lines and we have just got one new paper in my own field of entrepreneurship. The work by Cathy Fazio, Jorge Guzman, Yupeng Liu and Scott Stern examines new business starts in the US over the past 18 months. In particular, it looks at where businesses were started and how this was impacted by the three waves of stimulus in the United States. The NYT has a nice summary of the results.

The broad question of interest is not about Covid-19 but about what constrains entrepreneurial ventures. Is it, for example, a lack of opportunities? This has been a strong hypothesis in the past since new business starts tend to decline in recessions and increase in booms. Well, Covid-19 wasn’t your ordinary recession. The hit to economic activity was asymmetric. To be sure, there was a change in opportunities for some new businesses — opening up a restaurant or a physical store was not likely a good idea. But for services and online ventures the opposite was true.

Read more at Substack.com

America: White Males Are Now The Minority in Business Ownership

Are you discouraged by the anemic ‘risk capital’ flows towards women and minority groups? Well, consider this broader milestone: White men are no longer the majority of business owners in the U.S. But granted that most small businesses, which include agencies and mom-and-pop shops, aren’t tech firms (albeit some productize to become one)—modernizing businesses may still offer hope. 

But what events could have caused this shift? What does it mean for the future of American entrepreneurship? Will white males dominate the business sector again?

According to Forbes, as based on The New Builders book by Levine and MacBride, of the 30.5 million total number of business owners, 12.5 million or 41% are white men, a number that’s been declining since 2015. 

The authors gathered these data with the help of Stanford University researchers, where two sets of data from the U.S. Census Bureau’s 2017 survey were utilized, which includes both employer and non-employer businesses.

This yielded results similar to the Annual Business Survey on minority-, veteran-, and women-owned businesses, although from a different perspective.

Learn more at GritDaily.com

The COVID Pandemic And Its Impacts On Culturally-Significant Businesses

In the American public sphere today, there is a lot of talk about culture and its significance in our everyday lives. In U.S. urban centers, the loss of traits that make communities unique and meaningful, particularly to long-term residents, is often due to the impacts of gentrification, redlining, environmental injustices, and the lack of sustained, community-based investment.

Yet, the exact meaning of ‘cultural significance’ is not definitively understood. This lack of a clear definition makes it difficult to support direct investment into culturally significant businesses such as COVID-19 relief that can be critical to business owners and the community members who patronize them.

Given this broader context, our study had two important goals. One was to arrive at a meaning for culturally significant businesses that allow designation to drive programs and investment across different communities. We hope that stakeholders, community leaders, lenders and policymakers can use this definition to craft policies, programs and legislation that support culturally significant businesses. These are the businesses that are critical to defining and promoting communities that have faced obstacles in the face of natural disasters, economic recessions and systemic inequality.

The second goal was to uncover and disseminate information on how these culturally significant businesses fared during the COVID-19 pandemic. Culturally significant establishments are essential to their communities. Their continued presence can offer critical support for well-being by providing access to safe and welcoming spaces for the community. These businesses are also crucial to the availability of strategic, required or highly valued goods and services near residents.

Read more at NCRC.org

Don’t get distracted. Never tell yourself that you need to be the biggest brand in the whole world. Start by working on what you need at the present moment and then what you need to do tomorrow. So, set yourself manageable targets. – Jas Bagniewski, founder and CEO of Eve Mattress

Nearly Half of Small Businesses Unable to Fill Job Openings

A record-high 48% of small business owners in May reported unfilled job openings (seasonally adjusted), according to NFIB’s monthly jobs report. May is the fourth consecutive month of record-high readings for unfilled job openings and is 26 points higher than the 48-year historical reading of 22%.

“Small business owners are struggling at record levels trying to get workers back in open positions,” said NFIB Chief Economist Bill Dunkelberg. “Owners are offering higher wages to try to remedy the labor shortage problem. Ultimately, higher labor costs are being passed on to customers in higher selling prices.”

Sixty-one percent of owners reported hiring or trying to hire in May. Owners have plans to fill open positions with a seasonally adjusted net 27% planning to create new jobs in the next three months.

A net 34% of owners (seasonally adjusted) reported raising compensation, the highest level in the past 12 months. A net 22% of owners plan to raise compensation in the next three months, up two points from April.

Small business owners continue to report finding qualified employees remains a problem with 93% of owners hiring or trying to hire reported few or no “qualified” applications for the positions they were trying to fill in May. Thirty-two percent of owners reported few qualified applicants for their positions and 25% reported none.

Eight percent of owners cited labor costs as their top business problem and 26% said that labor quality was their top business problem, the top business concern.

Forty percent of small business owners have job openings for skilled workers and 27% have openings for unskilled labor. In the construction industry, 51% of job openings are for skilled workers. Sixty-six percent of construction businesses reported few or no qualified applicants.

Click here to view the full NFIB jobs report.

The #1 Reason Small Businesses Fail – And How to Avoid It

Cash flow.

Mention those two little words to almost any small business owner, and you’ll see them flinch. 

Very few business terms get as cool a response. And sadly, those two little words (both of them four-letter words, interestingly enough), are the #1 reason small businesses fail. They take out more small businesses than any other factor.

In fact, 82% of small businesses fail due to cash flow problems.

And while most small business owners agree cash flow is the #1 risk for small businesses, cash flow is also a blanket term – a symptom, if you will – of several underlying causes.

Learn more at Score.org

7 Common Small Business Problems and How to Overcome Them

So, the business of your dreams is finally within your reach. Maybe you’ve even arranged your financing so all that’s left is to research what it takes to run a successful operation. Part of that research is investigating the most common small business problems that arise during the first few years so you can circumvent them.

Guidant Financial teamed up with LendingClub to survey more than 2,600 current and aspiring business owners nationwide to find out the most common problems entrepreneurs face. From lack of capital/cash flow to difficulty navigating federal regulations… read more at GuidantFinancial.com for the 7 most common small business problems and how you can overcome them.

4 Small Business Tech Trends to Watch in 2021

Widespread remote work has turned small businesses on their heads. Over a matter of weeks or even days, organizations were pushed to develop, execute and maintain remote work policies that affected every aspect of operations.

This major shift will define 2020 for years to come, but the effects of widespread remote work won’t end when the calendar turns to January. Many of the trends, solutions and tools that have been utilized during the pandemic will continue to help small businesses increase efficiency and streamline productivity for years to come. 

Read more at BizTechMagazine.com

How Technology Enables Small Business

Small businesses are a cornerstone of the American economy, contributing $6 trillion in economic output and employing 85 million Americans. Unfortunately, small businesses are also heavily impacted by the COVID-19 pandemic, with one in five closed either temporarily or permanently. With social distancing restrictions in place, small-business owners more than ever count on technology to reach consumers, market their products, and grow their business. Tech has been a critical lifeline for small businesses and consumers alike during the COVID-19 crisis.

Examining the use of digital platforms as a whole in the United States before the pandemic, the national small business survey finds that the use of digital platforms by small enterprises is ubiquitous:

  • 84% of small enterprises are using at least one major digital platform to provide information to customers;
  • 80% are using at least one major platform to show products and services, as well as to advertise;
  • 79% are using digital tools to communicate with customers and suppliers; and
  • 75% are using tech platforms for sales.

Now, during the pandemic, everything from the way consumers find and purchase products and services to the way small businesses market and ship their wares is enabled by technologies. 

Learn more at USChamber.com