Acceler8Success Cafe Thursday 12.17.20

Could COVID-19 Crisis Kill Small Business Entrepreneurship?

It’s no secret that the COVID-19 pandemic has left many existing small businesses struggling, and the continued economic uncertainty threatens to kill the ambitions of entrepreneurs who planned to launch new businesses but now must put their dreams on hold.

“This crisis will end up being much worse for small businesses than the 2008-11 sub-prime mortgage crisis,” says Andi Gray, president of Strategy Leaders a business consulting firm. “That 2008 crisis mostly hit banks, mortgage, insurance, automotive – all of which were primarily big, publicly owned stock companies. The only small business dominant category was the construction sector which was devastated for years.

Today’s crisis hits and potentially harms nearly every type of small business. Read more.

How Startup Entrepreneurship Will Change Post-COVID-19

The COVID-19 pandemic caused entrepreneurs all over the world to scramble. Businesses that operated in a traditional office environment were forced to come up with a strategy to work from home; in fact 42 percent of the U.S. workforce is now working from home full-time. Those that depended on service customers in person, in some capacity, needed to figure out a way to deliver or serve digitally. And of course, many entrepreneurs had to completely rethink their budgets in response to the economic impact of the pandemic.

But how is startup entrepreneurship going to change once this pandemic is over? What does the entrepreneurship world look like after COVID-19, and what will the lasting impact of the pandemic be? Read more.

Immigrant Hustle, A New Book Covering the Stories Of 50 Successful Entrepreneurs Who Came to America With Nothing, Is Launched in All Major Book Stores

NEW YORK, Dec. 15, 2020 /PRNewswire/ — Immigrant Hustle by Amine Rahal, a new book exploring whether the American Dream is still alive through the stories of 50 immigrants who decided to pursue the path of entrepreneurship, is officially launched and now available at all major book stores and platforms, including, Amazon, Chapters, Barnes & Nobles, Kobo, Smashwords, and others.

Front Book Cover

The book is written by Amine Rahal, an entrepreneur and author with over 20 years of experience helping entrepreneurs from all over the world with their technology and marketing challenges. Amine is a member of the Forbes Communication Council and has written for multiple newspapers and publications. Learn more.

‘Heart and hustle’: How two Latinx entrepreneurs are paving the way for others to start businesses

Latinx and Black founders have historically lagged behind the most when it comes to funding, but that’s not stopping minority-owned businesses from expanding. In fact, their numbers are growing.

According to ProjectDiane 2020, a nonprofit that tracks the current landscape for Black & Latinx women in the innovation and entrepreneurship space, more minority-owned businesses have been founded in 2020 than in the past two years. In fact, Hispanic founders have emerged as the fastest growing demographic among all U.S. entrepreneurs – growing from 6.5 percent of all entrepreneurs in 2001 to 15 percent as of 2019. Read more.

3 Entrepreneurship Myths Business Owners Must Sidestep

There are many myths associated with entrepreneurship, likely because the entrepreneurial world can often be thought of as a magical greener grass where only the lucky succeed. Successful entrepreneur Mo Abedin, and leading business coach and entrepreneur Marc Galal share that entrepreneurship paves the way to financial freedom faster than any career. However, it is a road that should be paved with caution. In a recent interaction, Mo and Marc share three myths about entrepreneurship that business owners must try to sidestep. Read more.

Serena Williams: Silicon Valley is wrong about Black women entrepreneurs

My life story is one of breaking barriers and championing inclusion, on and off the court. Coming up in a predominately White male sport, I have been underestimated and underpaid throughout my career. Now, as a venture capitalist investing in early-stage startups, I see myself in the Black female founders who are often counted out right from the start. Read more.

Seven Tips For Getting Things Done As A New Entrepreneur

Many founders might not admit this, but entrepreneurship can be daunting and at times scary, especially when starting out. Many people who start a business begin with a real buzz; they are passionate, determined and ambitious with dreams of seeing the dollar or pound signs mounting as their success grows. 

When I started my first business, like many, I was attracted to the glam and glitz of entrepreneurship. But I soon realized that staying motivated and productive required me to learn new skills and habits. Read more.

After all, we do not know what others may be dealing with, and especially during the holiday season. Make a difference in others’ lives by being genuinely nice, interested and caring. Read more.