11 Entrepreneurs Discuss 2020’s Biggest Challenges And Opportunities

There’s absolutely no doubt that 2020 has been a year like no other. Thanks to COVID-19, many businesses around the world have experienced loss of income, staff and general day-to-day operations. A large number of businesses have had to shut down, either temporarily or permanently. There aren’t many industries that will be heading into 2021 unscathed.

Entrepreneurs and start-ups in particular have had to face challenges they weren’t expecting – and many have had to change the way they operate, both internally and externally. Here’s how some top entrepreneurs have made it through: the challenges they faced and lessons they learned along the way. Read more.

The #1 Business Mistake That Can Ruin an Entrepreneur’s Personal Finances

I have been wanting to write this post for a very long time. Out of hundreds of business owners—either current or prospective—that I speak to on a regular basis, nearly one-half tell me they are about to commit the mistake I discuss in this post without realizing how it can set back their personal finances. In fact, you might consider this post a public service announcement, because the ease of making this mistake, coupled with its long-term effect on your personal financial well-being, is shocking.

I am talking about using a personal line of credit to fund your business. On paper, this process does not sound catastrophic, dangerous, or worrisome. In fact, it sounds logical and easy. Read more.

The Art of the Pivot: Heidi Clear, CenterPoint

What happens when your industry is completely stalled due to the pandemic? You pivot—which is exactly what Heidi Clear of Centerpoint did to keep revenue coming in and to show up for what was needed.

As the owner of a company that produces exhibits for some of the country’s biggest and most crowded trade shows, Heidi Clear’s operation was hit very hard at the start of the COVID-19 pandemic and shutdown. Read more.

How to Develop a Strong Online Presence for Your Startup

Founding a startup during COVID-19 has its share of challenges. If you manage to identify a need and finance the launch of your company in this tumultuous time, a new set of challenges awaits: bringing in new customers. Shifting consumer behavior means that you’ll want to look closely at your online presence and digital marketing opportunities as you launch, allowing you to gain traction in the current market, but also positioning yourself for post-pandemic success. Read more.

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31 Quotes About Fear

Don’t let the things you are afraid of—failure, change, adversity, the unknown—stop you from going after the things you want most. Instead, find the courage to do what scares you. Face your fears, and you’ll uncover new and great opportunities. And it will feel good. Read more.

“Avoiding danger is no safer in the long run than outright exposure. The fearful are caught as often as the bold.” 

Helen Keller

Are you ready to own your own business?

Are you thinking of going into business for yourself and learning how the choice of a franchise can “jump-start” the process and your earning potential?  Well, Franchise Foundry can help. Working with in-house franchise professionals you will work one-on-one in determining if you’re right for franchising and whether it is right for you.  If you determine that franchising is a path to consider, you will be introduced to various industry segments and ultimately, brands that could be a “right-fit” situation . . . all to help ensure your future success! Read more.