Acceler8Success Cafe Tuesday 1.5.21

Want to Take your Business to the Next Level in 2021? Try These 5 New Year’s Resolutions

Most business owners (and people!) are looking forward to moving on from 2020 and into a new year. While there will of course still be large challenges for businesses in 2021, many entrepreneurs and business owners are heading into January feeling hopeful.

Why? Of course positive news around vaccines is encouraging, but more so, many business owners feel the lessons they learned over the course of the pandemic will make them stronger in 2021 and beyond. Here are five New Year’s Resolutions from business owners who persevered through 2020 and are going into 2021 stronger than ever. Read more.

How Washington can boost American entrepreneurship

Entrepreneurs play a critical role in the American economy. The new businesses they launch provide new goods and services. They also provide existing goods and services more efficiently, forcing incumbents to do a better job through competition. And while most media attention seems devoted to potentially high-impact technology startups, regular “mom and pop” businesses can be important mechanisms for upward mobility. We want a dynamic economy where labor and capital can be employed as productively as possible. Entrepreneurship plays a big role in making that happen.

It remains to be seen how entrepreneurs navigate the post-pandemic economy. But before the coronavirus outbreak, there were several disturbing long-term trends about America’s startup superpower. Among them: New businesses have become a smaller share of all companies than they used to be, as well as their share of total employment. These trends are illustrated in “Federal Policies in Response to Declining Entrepreneurship,” a new Congressional Budget Office report on the subject: Read more.

Why Entrepreneurs Should Aim to Fail — That’s Right. They Should Actively Seek It.

Here’s a viewpoint that might cause you to do a double take: Actively seeking rejection means you’re learning, adapting and getting that much closer to your destination.

Before you click away, just think about this a moment: Entrepreneurs are innovators: They defy conventional wisdom to find ways to improve it, and they challenge assumptions to approach a given industry or need from a unique perspective. They live at the intersection of innovation and practicality. For them, failure is a necessity to reach success.

So, maybe failure’s “teachable moments” are actually worth striving for because they help you attain that innovation. Read more.

States of Growth: When and Where American Entrepreneurship Has Thrived

Study shows ambitious U.S. startups are not in decline — but timing and location matter.

The year 1995 was a good time to be an entrepreneur. Especially a high-tech entrepreneur in Silicon Valley, with the internet boom starting, the economy growing, venture capitalists searching for new investments, and a whole horizon of novel business ideas to explore.

Indeed, a new study co-authored by an MIT professor shows that U.S. startups founded in 1995 enjoyed more growth than startups founded in any other year from 1988 to 2014. Other things being equal, the startups of 1995 were three times as likely to grow significantly as those from 2007, which had to battle through the 2008-2009 Great Recession. Read more.

The Secret of Entrepreneurial ‘Luck’ in 3 Simple Steps

I’m going to reveal a secret to you: when I was seven years old and I knew a difficult day was coming, I would put on my Spider-Man underwear. The superhero was my favorite and making it part of my routine gave me a strange sense of certainty that allowed me to face any difficulty. It didn’t matter if it was Tuesday (PE day), if I ran into the bully in the classroom, or if I hadn’t studied for the test: if I was wearing my The Amazing Spider-Man boxers, I felt like luck was on my side.

And my little ritual worked. Or so I thought. Read more.

A Message from Acceler8Success Founder, Paul Segreto

Successful people use the power of visualization; their motto is visualize and materialize — from imagination to reality. Even Albert Einstein said: “Everything is energy and that’s all there is to it. Match the frequency of the reality you want and you cannot help but get that reality.”