Acceler8Success Cafe Tuesday 1.12.21

Hustling Entrepreneur Strives to Build an Empire Following the Footsteps of His Family

Michael Russo is the ultimate embodiment of a “hustler.” Growing up in a family of entrepreneurs, Michael was intrigued at how his father, both grandfathers, and uncles could make a living at their own pace. He aimed to achieve the same flexibility and have time in his hands. But unlike those before him in his family, Michael wanted to be the “new age entrepreneur,” tackling several industries simultaneously with tenacity and passion.

Michael saw the importance of hard work at an early age. Having seen his family strive in small businesses such as construction, automotive repair, and real estate, he wanted to explore the world of entrepreneurship with a bigger picture in mind. As a first-generation college student, Michael wanted to build a legacy that would honor the great men in his family. Read more.

Learn How to Start a Successful Side Hustle From This Business Executive, Investor, and Entrepreneur

In a year in which many businesses were forced to close temporarily and government assistance to small businesses was far from satisfactory, 2020 was a year to test ingenuity. For some, that means turning to a side hustle. There is no shortage of ways that people make extra money on the side, so if you have a skill-set, there’s a good chance you can turn it into more cash. Read more.

How To Hustle Your Way To Becoming A Successful Entrepreneur

If you’re working in corporate America, chances are you don’t love your job.

Gallup reports that only 29% of millennials are engaged at work, while the vast majority of workers are disconnected emotionally and behaviorally from their jobs. While 43% of millennials who leave their corporate jobs say it’s because they weren’t following their passion, 42% say the corporate lifestyle wasn’t for them, and 33% say they felt too restricted.

As one former corporate employee puts it, “I was compromising my life and compromising my purpose to achieve success. I was making all this money, but I had no time to spend it, no time to take care of myself, and no time to spend with my friends and family.” Read more.

Trends for Mexican Entrepreneurs to Maintain Digital Momentum in 2021

2020 will be framed as a “unique” year in history. While the year that just ended presented us with significant challenges in almost every aspect of our lives, it also tested our capacities and resilience in the face of adversity. For many, this year gave us the motivation to take the next step in our business.

During 2020, small business owners and entrepreneurs across Mexico were forced into a digital acceleration as more consumers began to use digital channels to make their purchases and stay connected to the outside world. These tough times created a window for businesses of all sizes to consider entering the digital world to reap its benefits in a new and somewhat uncertain economy. Read more.

Why Every Entrepreneur Needs to be Savvy in Digital Marketing in Order to Survive

Entrepreneurship has evolved. There used to be a time where you could open up a local business in town and turn a hefty profit with hard work, dedication, and financial management skills.

Today, your blood, sweat, and tears are not enough to keep your business afloat. You need to get familiar with the concepts of digital marketing if you want to survive. This holds true for all businesses across every industry. Read more.

What are Some Technological Challenges Entrepreneurs Face During Marketing?

It is no hidden fact that technology has significantly impacted every aspect of the business world. To be more precise, you may say technology disrupts every facet of the business realm; thus, consumers are getting distracted by digital media. The more intricately consumers get connected, the more problems it creates for entrepreneurs to entice them to become loyal to their products and services.

Most marketers and entrepreneurs were unprepared for this kind of technological onslaught; therefore, they are still struggling to reorganize their ventures to match up with the pace of technological advancement. There is no doubt that technology has become a driving factor in pushing your business forward. Still, at the same time, it is becoming highly competitive due to increasing interconnectedness, says Eric Dalius. Read more.

A Message from Acceler8Success Founder, Paul Segreto

Think different. Accelerate success by thinking so far outside the box that your ideas stand alone within a spotlight that causes people to question possibilities as if the idea, outlandish as it may appear could truly make such a significant positive impact that it would literally ‘force’ them to consider a whole new realm of possibilities. Are you open to possibilities, but don’t know where to start? Take a few minutes to watch this Apple video.

Acceler8Success Cafe Monday 1.11.20

7 Productivity Hacks from 7 Successful Entrepreneurs

Many successful entrepreneurs, including founders of multi-billion dollar companies, got to where they are through a combination of unique idea generation and hard work. Naturally, most of us aspire to achieve something similar—even if we can’t hope to replicate that scale.

That’s one reason why I like to read and discover some of the unique productivity hacks, habits, and behaviors that helped those successful entrepreneurs achieve their status. Read more.

Entrepreneurship is not about sitting around with a laptop and thinking about ideas; it’s about understanding risks and downside.

From law to VC to entrepreneurship, Liat Aaronson, former executive director of the Zell Entrepreneurship Program and co-founder of Horizen Labs, has explored a variety of unique industries and leadership roles throughout her career. Aaronson is an M&A lawyer by trade, and though she loved working through the challenges that the field presented, she soon developed a desire to find a position where she could leave a greater impact. After leaving the legal world, Aaronson joined the Zell Entrepreneurship Program team and helped talented young students transition into the professional world. Aaronson thoroughly enjoyed supporting and learning from the entrepreneurs she worked with and decided to further pursue her passion for entrepreneurship with Horizen Labs. Liat sat down for an interview with 20MinuteLeaders creator Michael Matias and told him about the knowledge she has amassed across various sectors and her plans of using her expertise to grow and scale her business. Read more.

How this 21-year old entrepreneur uses social media to revolutionize your business’ sales.

2020 has been filled with challenges and opportunities alike, with many ambitious entrepreneurs and businesses recognizing the niches begging to be filled with the increasing shift to digital trading and services. Though the demand for connectivity is great, not many of these ideas have the space or foundation to grow and thrive under these conditions. eGrowth Media, a UK based marketing agency, helps many established and developing businesses make the transition to the digital sphere, connecting brands to their audiences and increasing profits through through the effective use of social media tools. Read more.

Facts About Second Round of PPP Loans

First Time PPP Loan Borrower Requirements

Businesses in operation on February 15, 2020; sole proprietors, independent contractors, and other entities with less than 500 employee that qualify for other SBA 7(a) loans

Second Draw Borrower Qualifications

Loans up to $2M; less than 300 employees; have already used the full amount of their first PPP Loan; have experienced a revenue reduction in all or any one quarter of 2020 as compared to same time period in 2019

It should be a simple process but don’t delay or you may miss out. More Info.

What Movies Get Wrong about Entrepreneurs

Being an entrepreneur isn’t for everyone, especially those that might have ambitions to make money but don’t want to take the massive risks that some folks end up taking on a regular basis. But there are several things that the movies tend to get wrong about entrepreneurs that some people happen to think is correct simply because we like to think the worst about those that reach the top sometimes. It’s very true that some of these individuals might have shady pasts and have done a few things that are less than savory in the business sense, and are bereft of the morals that other people claim to value. But the trick here is that in business there are times when morals tend to get in the way when it comes to some folks and the desire to move ahead means cutting out those that might otherwise prove to be a hindrance to a company’s growth. The thing about being an entrepreneur however it doesn’t require a person to be morally bankrupt, and it certainly doesn’t mean that someone is going to be rich overnight. In a lot of ways the movies cut a number of things out and give us the drama and issues that can happen but aren’t always bound to happen. Read more.

A guide to rebuilding your small business for Latino entrepreneurs

The Covid-19 crisis has hit Latino small businesses particularly hard, including not being able to access PPP funding at a similar rate to other business owners. And many individual proprietors or small, family-owned businesses may feel the impact of Covid more directly, as the pandemic has disproportionately impacted the Latino community.

If you’re a Latino entrepreneur or small business owner, know that you’re not alone, and that there are tools, funding, and mentorship available to help you succeed through this crisis. Below, we’ve compiled a list of some essential tools that can help Latino small business owners rebuild and thrive. Read more.

A Message from Acceler8Success Founder, Paul Segreto

Regardless of challenging times it’s still necessary to get things done. So, act swiftly, act decisively, make it happen and make it count. That is the path to accelerate success. #Acceler8Success

Acceler8Success Cafe Weekend Edition 1.8.21

Female Entrepreneurship’s On The Rise—Will Funding Follow?

There’s no question the pandemic’s disproportionately affected women. Many hard-hit industries were over-indexed for female employees. And with few childcare options and extended remote schooling, millions more women have dropped out of the workforce to care for their kids.

But the pandemic’s disruptive effects have also led to a wave of entrepreneurial activity, as some have used newfound time—from lost or reduced work hours or time saved by no longer commuting to an office—to pursue business ideas. U.S. Census Bureau data shows applications for the employer identification numbers, which entrepreneurs need to start a business, have surpassed 3.2 million so far this year, compared with 2.7 million at the same point in 2019, according to reports. 

And many women are among them. A recent survey by the global women’s network, AllBright, found one in three women in the U.S. have plans to launch a business, 40 percent of them with the goal of gaining more autonomy and being their own boss. Read more.

7 New Year Strategies to Help Black Entrepreneurs Achieve Growth and Success in 2021

Of course, with COVID-19 in place last year, no one could have seen how individuals and small business owners could have navigated those unpredictable waters. But with last year gone, entrepreneurs can build on steps their peers just started taking or are now planning to apply to fuel growth this year. Those efforts include revamping business models, offering goods and services that meet customers’ demands, and staying resilient to flourish despite the ongoing pandemic.

Yet, one thing appears to remain certain: The way customers deal with businesses and how those firms interact with customers will most likely be different than in previous years. So here are some resolutions small business owners may do well to consider and implement this time. Read more.

39 Stats About Diversity In Entrepreneurship

When you think of a successful entrepreneur, what image comes to mind? Do you think of an individual of a certain age, gender, or ethnic background? If so, that could be due to implicit bias because research supports the significance of diversity in entrepreneurship.

According to research commissioned by American Express, four million new jobs and $981 billion in revenue could be added to the U.S. economy if the average revenue of women of color-owned businesses matched those of white women-owned businesses. Additionally, this study showed women-owned businesses are a source of new jobs in U.S. cities that experienced slow job growth between 2014 and 2019.

When people from diverse backgrounds and perspectives are building successful businesses to solve relevant problems there are significant economic advantages. For instance, in the Minneapolis metro alone, increasing the number of businesses owned by people of color could add as many as 87,000 new jobs to the region. Read more.

How Latino Entrepreneurs Can Boost the U.S. Economy

The number of Latino business owners has surged by 34 percent over the past decade, outpacing that of any other ethnic group. Yet despite that entrepreneurial vigor, Latino business owners face ongoing challenges, as their companies tend to remain smaller and less profitable than white-owned businesses.

And while Latino entrepreneurs fare better than the general Latino population when it comes to average income and homeownership rates, they still experience significant gaps relative to other groups in their rates of home ownership, health insurance coverage, and income. Read more.

SBA Releases New PPP Guidelines Designed To Buoy Small Businesses

As the U.S. continues to stare down economic and political turmoil, the SBA has released interim final guidance on the next round of the Paycheck Protection Program (PPP)—the vital relief program aimed at saving small businesses from shuttering.

While I am certain additional information and changes are forthcoming, my team and I are committed to ensuring this relief funding is accessible and the process is as easy as possible. If you’re a small business owner, now is the time to begin preparing your documentation and information. Read more.

The Economic Recovery Of Women Entrepreneurs Will Take More Than PPP Loans

While the Paycheck Protection Program (PPP) was intended to help small businesses hit hardest by the Covid-19 crisis—those owned by women and people of color—it failed to deliver on its promise. From the beginning of the program on April 3 to the end on August 8, struggling minority owners received aid later than their white counterparts, according to an analysis of the program’s data by the Associated Press. 

ZIP code data with the greatest proportions of white residents received loans at twice the rate of areas with the smallest proportions of whites. Data by gender is not available, but because women are more likely to be nonemployer firms and in sectors most impacted by the pandemic—personal services, retail, and restaurant—it is expected they would have experienced a similar pattern as ZIP codes with a lower concentration of whites. “Almost 60% of women business owners state they don’t have the same access to capital that men have,” said Candace Waterman, president and CEO of Women Impacting Public Policy (WIPP). It is the largest nonpartisan advocacy organization for women and minority entrepreneurs. Read more.

How to Go Full Entrepreneur in 2021

How can you take charge of your own future in the face of a long-running pandemic that has crushed economies, markets, businesses and lives?  Waiting is not going to cut it – waiting for more government stimulus, waiting for the virus to magically disappear, waiting for customers to suddenly come back. The most successful entrepreneurs are not sitting it out. This past year has seen an explosion of newly launched small businesses and startups. As the authors of The Entrepreneur’s Faces: How Makers, Visionaries and Outsiders Succeed, we’re not surprised. It’s not just first-time founders. We’ve also seen tremendous pivots by more traditional businesses, adapting on the run to seismic shifts in habits and behaviors that experts predict will outlast the pandemic. America has done this better and faster than nearly any other country. At heart what we are seeing is the value of innovative mindsets and practices. Ready or not, entirely new challenges will confront you in 2021. It’s time to go all-in, to go full entrepreneur. Read more.

Opening Up Entrepreneurship To All: The Resource Hub

Plenty of potential entrepreneurs have great business ideas but are held back in their pursuit of their goals by barriers: knowledge and resources kept out of reach of all but a few, as well as assumptions about who might be an entrepreneur and where they might come from. And while it’s understood that starting your own business is a tough road — particularly in the age of COVID, where many small businesses are struggling to stay afloat — it’s to the betterment of all that more people should have the tools available to them to try their hand at a startup.

Enter Nicole Loftus, the founder of The Resource Hub, a national directory for small businesses, as well as SkinX, a funding platform for entrepreneurs, both New York based. She’s working to help entrepreneurs succeed, including over 3,500 resources on the Resource Hub and adding new ones regularly. Read more.

Entrepreneurship Defined: What It Means to Be an Entrepreneur

The road to entrepreneurship is often a treacherous one filled with unexpected detours, roadblocks and dead ends. There are lots of sleepless nights, plans that don’t work out, funding that doesn’t come through and customers that never materialize. It can be so challenging to launch a business that it may make you wonder why anyone willingly sets out on such a path.

Despite all of these hardships, every year, thousands of entrepreneurs embark on this journey determined to bring their vision to fruition and fill a need they see in society. They open brick-and-mortar businesses, launch tech startups or bring a new product or service into the marketplace. Read more.

A Message from Acceler8Success Founder, Paul Segreto

Imagine the wave of emotions immigrants experienced as they saw the Statue of Liberty for the first time upon entering New York Harbor. Based upon hope for a new, better life ahead they were proud to be here, in the land of the free and home of the brave. Certainly, they wouldn’t forget their heritage but they were excited by the opportunities ahead of them, including that of becoming an American citizen without any notion of entitlement as they were committed to work their fingers to the bone to provide for their families and to achieve the American Dream! Yes, failure was not an option. It truly is amazing what they achieved despite poor living conditions, little to no food, and most did not speak English. Yet, they did what they had to do with no excuses and not only survived, but succeeded in so many ways. We, as a society will need similar attitude, determination and commitment as we move forward through and beyond pandemic-related challenges and hardships. God Bless America!

Acceler8Success Cafe Thursday 1.7.21

Survey: Small business owners see long road to recovery

With COVID-19 cases surging and a new wave of restrictions looming, challenges persist for small business owners according to data from the Q4 Wells Fargo/Gallup Small Business Index. While the index score rose 12 points for the second straight quarter, overall optimism levels remain just over half of what they were in late 2019.

For the third consecutive quarter, respondents most frequently ranked the loss of business or closings because of the impact of COVID-19 as their top concern. Attracting new business, worries about financial stability and reduced cash flow were the other top concerns.

“With COVID-19 numbers hitting new high-water marks across many states, small businesses are facing another steep round of challenges,” said Steve Troutner, head of small business at Wells Fargo. Read more.

Why Small Business Owners Need to Reconnect With Their Mission

My business partner and I have operated a college admissions consulting firm, Top Tier Admissions, for almost twenty years. The first few months of 2020 were business as usual as we prepared a new class of applicants for the admissions cycle ahead. Then came March.

You know too well what happened next. Standardized tests were canceled. High schools closed. Colleges closed. Students were sent home. Sports, clubs, and every other activity were canceled. What would this mean for both our business and our students? Was college even happening in the fall? Given how radically the landscape had changed, was it time for us to pivot? Read more.

Your small business may need a ‘makeover’

Whether you’ve been operating 10 days, 10 months or 10 years, it’s time for a “makeover” for your small business. If you’re going to survive and thrive in the COVID-19-dominated economy, it’s time to think of your small business as a startup.

Remember what it was like? You had an idea, a dream. You didn’t know how it was going to turn out but you seized any opportunities that came your way, continually changed as you learned more about your business, and worked long and hard. But you believed in yourself.

It’s time to do that again, given that customers’ buying habits and needs have changed. It can be scary, but it can also be exciting. And most of all, it’s necessary. Read more.

Get Back to Basics with These 10 Small Business Improvement Tips

Running a business can get complicated. It’s easy to get bogged down in the details and forget the basic strategies that got you there. But staying strong in those areas is a must, as members of the online small business community can attest. Get their top tips for going back to basics in the list below. Read more.

The True Failure Rate of Small Businesses

Have you heard that 90 percent of new businesses fail? Or that 50 percent of new businesses fail? Stick around in the entrepreneurial community long enough and you’ll likely hear a wide spectrum of claims, mostly falling between these two extremes.

But what is the true failure rate of small businesses? And should it influence your decisions as an entrepreneur? Read more.

3 Choices for a Better Business Year: Plans, Goals, and Resolutions

There is a difference between plans, goals, and resolutions. We use these words somewhat interchangeably, but maybe we shouldn’t.

  • plan is a strategy or identified steps, and possibly includes a list of available or dedicated resources and costs.
  • goal is about the future, an aspiration, what we hope will happen if it goes well.
  • resolution is a purpose, something determined, approved, a decision, a commitment of time, money, and energy.

A plan can take the form of a standard business plan or marketing plan. It can also be a more individualized funding, HR, security, disaster, continuity, or operations plan, for example. It seems odd, but many plans have no specific goal to measure; their purpose is merely “to plan,” check a box, and be able to say that “I planned…” or “we planned to…” Read more.

The 13 Biggest Small Business Technology Stories Of 2020

Every week I round up the five most important technology stories for small businesses and give an explanation why. This week, I’ve selected the 13 technology stories that stood out for me. Why? Because they’re about technology trends than not only affected small businesses in 2020 but will continue to have an enormous impact in 2021. Read more.

4 Entrepreneurship Lessons That Will Help You Grow in 2021

New year and new learnings. The key for this 2021 will be to respond to what knowledge and capabilities did we acquire or develop during the past year that we can use to our advantage to continue operating?

According to the study “Entrepreneurship ecosystems in Latin America and the Caribbean against COVID-19” by the Inter-American Development Bank (IDB), technological enterprises are those that can better enhance their capacities to be more agile; something that we have verified over the last few months of working with Justo, a startup that, together with my partner, we created in Chile in 2018 and now we have expanded to Mexico, Peru and Colombia.

We share these four lessons that, like us, will help you to be prepared in this new year: Read more.

A Message from Acceler8Success Founder, Paul Segreto

Walking away or trying harder is a very precarious proposition that many face quite often in careers, relationships, etc. Basically regarding anything that requires a commitment for an undetermined length of time. Sometimes it appears easier to walk away, but I’d argue that wouldn’t be the case if you consider why you were there in the first place and recall your original goals and objectives. Trying harder may work but not without evaluating what needs to change to produce different results. In any event, if faced with this decision, definitive action must be taken. Act swiftly. Act decisively. Make it happen. Make it count.

Acceler8Success Cafe Wednesday 1.6.21

The coronavirus crisis: A catalyst for entrepreneurship

Throughout human history, crises have been pivotal in developing our societies. Pandemics have helped advance health-care systemswars have fueled technological innovations and the global financial crisis helped advance tech companies like Uber and Airbnb. The present coronavirus pandemic will arguably not be an exception; entrepreneurs can be expected to rise to the challenge.

Businesses play a key role both in helping society get through an economic crisis and in creating innovations that shape society after a crisis. So one key question is: how will the ongoing crisis influence future society?

While it’s hard to predict the future, we can develop an understanding of what is ahead by analyzing current trends. Read more.

These Young Entrepreneurs Saw Covid-19 Coming and Changed the Way They Serve Their Customers

The COVID-19 pandemic and the resulting lockdown affected businesses in many ways. There were problems from manufacturing to distribution. Many brick and mortar stores saw sales decline. According to Yelp , about 98,000 businesses closed permanently.

This development brought many entrepreneurs back to the planning table to find better ways to serve their customers. Many B2B ( Business to Business ) companies have adopted the D2C ( Direct to customers ) model to reach their customers directly. At the same time, it seemed that some companies received the memorandum and did something different beforehand, allowing them to prosper in the crisis.

And it seemed that e-commerce brands were some of the biggest winners of the whole situation, along with remote interaction, online entertainment, e-learning, and health and fitness . So naturally, companies shifted their focus to better satisfy their customers and, of course, prosper. Studies show that during the height of the pandemic in May 2020, total online spending across the globalized world reached $ 82.5 billion, an increase of 77% year-over-year. Read more.

These Are the Opportunities Entrepreneurs Can Capitalize on in 2021

Across so many industries, opportunities arise during crisis, due to newfound problems that entrepreneurs set their minds out to solve. We asked a number of our entrepreneurship professors to reflect on where those opportunities currently live as we turn the calendar to 2021.

“Families are particularly positioned to take advantage of entrepreneurial opportunities. Business families have long histories to draw from when dealing with difficulties. Family businesses tend to focus more on relationships with clients as well as suppliers and others in their business, which become a boon in a crisis because they provide business families with greater levels of flexibility when making changes in order to adapt or innovate. Family businesses also tend to be more conservative financially than their non-family counterparts, which allows them to take advantage of expansion, growth, and even acquisition opportunities during downturns when other businesses cannot.” Read more.

7 SEO Digital Marketing Trends for 2021

Search Engine Optimization (SEO) is one of the most crucial elements of an organization, providing it with the necessary visibility to attract more customers. A strong SEO strategy allows a company to position its website to attract more visitors, increasing the chances of turning these prospects into customers.

Businesses often forget why they are in business and who benefits from their services. They often give SEO a short shut-eye and move on to the next fad. This is detrimental to your online success. Read more.

The Rise of Empathy in Digital Marketing

COVID-19 is, in many ways, proving to be a disease of uncertainty. The disease isn’t a crisis in just one area of the world or plaguing just one section of the population — the new coronavirus is a tangible threat to every single person on Earth.

People everywhere are experiencing higher levels of anxiety and depression as their loved ones fall ill, as they lose their jobs, as they are forced into isolation and as the future becomes even more shrouded in mystery. Businesses, too, are suffering from the disease, as consumer spending plummets and most everyone is driven indoors and online.

During this time of fear and uncertainty, businesses have responded by investing heavily in digital marketing, hoping to capitalize on the throngs of people logging onto the web for work, school, and entertainment. However, not all businesses are investing in marketing to sell their products or services; many are simply producing content to engage with consumers — or to show their audiences that they care. Read more.

Personal Branding: The Key to Success in the Digital Age

The world’s richest man, Jeff Bezos, famously said, “Your personal brand is what people say about you when you’re not in the room.” In this digital age, as a company or individual, you should audit your presence online to see what would come up when prospects search for your name. Maximizing your digital presence is essential for your company or personal brand as online sales, resources, education, and sales have all skyrocketed. Whether you’re an entrepreneur, expert, thought leader, executive, or business owner, maximizing your digital presence has proven to bring more connections, customers, and revenue.

Since the pandemic, the majority of executive meetings, sales demos, and business transactions are conducted online. Consumers are heavily researching online, looking for the right connection or right representative that they can trust and build with. Read more.

A Message from Acceler8Success Founder, Paul Segreto

I’ve been thinking about how things continue to change and disrupt business, and life as we knew it. Some entrepreneurs are already responding to challenges by adapting, innovating and creating to not only survive, but to thrive. Why? Because they know that pivoting in tough times is essential… thinking outside the box, acting swiftly and decisively, embracing change, remaining open-minded to possibilities and ultimately, capitalizing on opportunities. It’s a very logical approach and plan of attack. It makes perfect sense as doing little or nothing would be disastrous. So, this poses the question, What are you doing to ensure your future success?

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.”

Acceler8Success Cafe Monday 1.4.21

13 Quotes to Inspire You to Try New Things in the New Year

The new year is your chance to start over—a fresh beginning. It’s a good time to set new goals, change old habits and try new things. Because if you don’t get out of your comfort zone, if you aren’t learning and taking risks, you won’t grow. You’ll stay right where you are. Start your new year adventure with inspiration from these quotes. Then go see what’s out there! Read more.

The #1 Thing to Do to Set Yourself Up for a Better Year

Most of us learn to avoid discomfort of all kinds from a very young age and the evading gets perpetuated as we grow into adulthood. As far back as many of us can remember, when we got hurt, our parents would just kiss our boo-boos to immediately make everything okay. When we got into an argument with friends, we were told to say we’re sorry and that all would be forgotten. When we were participating on a sports team, we all got awards, no matter what, just for being there and showing up. Read more.

How to Help a Business Thrive During an Economic Recession

Most entrepreneurs at least partially depend on the state of the economy for their businesses to thrive. During times of high consumer confidence, spending is higher, companies are willing to take more risks and most businesses are able to generate more revenue. But during times of hardship, it’s harder to get financing, revenue dries up and the entrepreneurial environment is more barren.

That said, it’s possible to see an economic downturn (or recessionas an economic opportunity, rather than a detriment. And with the right strategies, you can help your business thrive under these conditions. Read more.

Why Post-Traumatic Growth Could Be the Key to Thriving in 2021

It would be a colossal understatement to say 2020 wasn’t how any of us envisioned the first year of the new decade. The long-term effects of the COVID-19 pandemic are still surfacing. It will be months, if not years, before we know how the pandemic impacted not only on our economy and cultural norms, but also our physical and mental health.

Although it’s important to reflect on the negative effects of the pandemic, it’s also worthwhile to consider the potential silver lining. In the wake of traumatic events, many people experience positive psychological change in the form of something called post- traumatic growth. Read more.

10 Predictions From the Past About the Future From Kurt Vonnegut, Tom Clancy, and More

When it comes to reading the proverbial crystal ball in businessInc. has had some wins and some misfires. Here are a few of our best and worst predictions from years past, graded on a scale of A to F. Read more.

Expand Your Knowledge to Help Grow Your Business and Side Hustle in 2021

It’s crucial that entrepreneurs continue to learn and stay engaged with their industry. The more you know, the better able you are to adapt to changes, come up with innovative solutions, and scale your business. But it’s hard to find the time to go to seminars or read books when you’re running a business. Instead, check out some of the many learning resources available online. Read more.

Get Back to Basics with These 10 Small Business Improvement Tips

Running a business can get complicated. It’s easy to get bogged down in the details and forget the basic strategies that got you there. But staying strong in those areas is a must, as members of the online small business community can attest. Read more.

A Message from Acceler8Success Founder, Paul Segreto

At times, it needs to be just about you, and you alone. Think. Meditate. Daydream. Listen to nature. Be sure to make some time for you, at the very least, each weekend ahead of the work week. You and everyone around you will be better for it. Make ‘alone time’ part of your weekly routine in 2021.

Acceler8Success Cafe Holiday Weekend Edition 12.31.20

US Economic Outlook for 2021 and Beyond

The U.S. economy is improving after the destruction caused by the COVID-19 pandemic. This cautiously positive outlook is based on experts’ reviews of the key economic indicators, including gross domestic product (GDP), unemployment, and inflation. Analysts also have taken a hard look at interest rates, oil and gas prices, jobs, and the impact of climate change. Read more.

Outlook 2021: Must Know Small Business Trends

Notwithstanding recent global pandemic, the 2021 outlook for small businesses is very promising. The small business space is changing at an increasingly accelerated rate. Competition, automation, workplace culture and technological advances are just a few of the factors that are molding the future for small business. Small business owners and aspiring entrepreneurs need to be in-the-know about the latest market trends in order to achieve sustainable growth and profitability. Read more.

How to Build Your 2021 Business Strategy in the Face of Uncertainty

Recently, we’ve seen signs that many businesses are reopening during the last quarter of 2020. Yet uncertainty remains. In some states, businesses have reopened in recent weeks only to be told to close or reduce their capacity for customers. It’s becoming increasingly challenging to plan for the future. Consequently, many business owners and leaders might wonder how they can develop a growth strategy for 2021. 

What you need is a strategic direction to provide purpose for your business and help you set realistic goals to accomplish in the coming year. Read more.

The Psychological Price of Entrepreneurship

By all counts and measures, Bradley Smith is an unequivocal business success. He’s CEO of Rescue One Financial, an Irvine, California-based financial services company that had sales of nearly $32 million last year. Smith’s company has grown some 1,400 percent in the last three years, landing it at No. 310 on this year’s Inc. 500. So you might never guess that just five years ago, Smith was on the brink of financial ruin–and mental collapse.

Back in 2008, Smith was working long hours counseling nervous clients about getting out of debt. But his calm demeanor masked a secret: He shared their fears. Like them, Smith was sinking deeper and deeper into debt. He had driven himself far into the red starting–of all things–a debt-settlement company. “I was hearing how depressed and strung out my clients were, but in the back of my mind I was thinking to myself, I’ve got twice as much debt as you do,” Smith recalls. Read more.

Why Entrepreneurs Need To Talk About Their Mental Health

72% of entrepreneurs are directly or indirectly affected by mental health issues compared to just 48% of non entrepreneurs. That’s according to a study by the National Institute of Mental Health. 49% of entrepreneurs deal with mental health issues directly while only 32% of others experienced them. Similarly, 23% of entrepreneurs have family members who face these issues compared to just 16% of others with family members who face these same types of issues.

I’ve been an entrepreneur now for almost a decade (9 years and counting). I’m just one of 500 million entrepreneurs; we make up about eight percent of the global population, amazingly. As a category – we are exponentially more likely to suffer from mental health problems, and yet, people don’t talk about that enough – it is fetishised and glamourised, so here’s an attempt to share some data and personal experience to show the other side. Read more.

Entrepreneurship & Mental Health: A 4-part Original Series

Since 2006, Techstars has helped hundreds of startups succeed, both as businesses and as people. This original 4-part documentary series focuses on the most common mental health issues facing entrepreneurs, told through the stories of some remarkable people — and the mental health professionals who work with people in need. Read more.

Research shows a link between sleep and entrepreneurship

Many people have experienced a few nights of bad sleep that resulted in shifting attention spans, impulsive tendencies and hyperactivity the next day–all behaviors resembling ADHD. A new study found that this dynamic may also be linked to increased entrepreneurial behavior.

“We’re not advocating depriving yourself of sleep to get ahead,” said Jeff Gish, a professor of business at the University of Central Florida and co-author of the paper. “We’re saying that there appears to be an interesting link between sleep and entrepreneurship. ADHD-like tendencies can be a benefit, rather than a hindrance in spurring ventures. But there is a potential downside. Even though sleep problems might lure an individual to an entrepreneurial career, if the sleep problems persist they can subsequently leave the individual without the cognitive and emotional competency to be an effective entrepreneur in-practice. Read more.

7 Tips for Dealing With Your Coronavirus Anxiety

Are you feeling anxious? Stressed about the current events? I want to empower you to take steps to control your fears, because having anxiety about the coronavirus isn’t going to help you.

Stress can boost your immune system in small bursts. However, when stress is prolonged, like what our world is currently facing, the immune system’s increased effectiveness slows down and eventually drops in the opposite direction. Like you, your immune system gets exhausted and cannot optimally function when it is exposed to long-term stress. And, given that your immune system is responsible for fighting off pathogens and keeping your body healthy, a stressed-out immune system can result in greater susceptible to illness. Read more.

A Message from Acceler8Success Founder, Paul Segreto

My one goal for 2021 is to make a difference in the lives of people I already know or will meet, for business or otherwise. Whether it be a small task or a larger project or an impromptu lunch or even just a phone call, I want people to realize the value of the time we spend together and as such, the value of further developing our relationship. Of course, I don’t expect value to be realized without positive results. To that end, I fully expect to earn the perspective and opinion I’m striving to achieve, learning from and correcting mistakes I’ve made in the past. As Albert Einstein once said, ‘Strive not to be a success, but rather to be of value.’ Happy New Year!

Acceler8Success Cafe Wednesday 12.30.20

Most Small Business Owners Remain Optimistic Going Into 2021

A new survey by Capital One Business reveals small business owners are cautiously optimistic. And many are looking for a return to more favorable business conditions come 2021.

According to the survey conducted from November to December 2020, about 53% of small business owners report their business financial position is the same or better than the pre-COVID-19 period. A further 67% of the owners are confident their business will return to pre-pandemic operations and revenues. So, there is growing optimism over the state of the economy and possible resilience among small businesses. Read more.

The Best of 2020: Entrepreneur Staff Picks

The story of 2020 itself has been remarkable. Our task during this pandemic year was to find the smaller stories that exemplified the trials, challenges and triumphs forged from historically damning circumstances — while still keeping an eye on the future and forward progress of innovative entrepreneurialism. 

Along with our esteemed network of contributors and collaborators, the collective staff of Entrepreneur magazine and set about that task as determinedly as we could, and we hope the results have motivated you half as much as they’ve inspired us. 

To that end, and in tribute to all the small-business owners who’ve navigated this often-heartbreaking year, here is a shortlist of both site exclusives and print selections — hand-picked by members of our editorial team — that we were proud to shepherd and share. And we look forward to continuing to tell your stories in 2021. Read more.

6 New Year’s Resolutions for Entrepreneurs and Small Businesses at the End of a Very Tough Year

If you’re up for a task—a really easy one—I’d like you to commit to making 2021 better than 2020.

Easy peasy, right?

This year has certainly knocked us all on our duffs, and there still is no way to know how much longer we’re in for economic strain, stay-at-home orders, and irregular sales patterns. But I am confident that we can make New Year’s resolutions to ensure we aren’t taken by surprise by anything in 2021—save aliens taking over the planet (at this point, nothing is outside the realm of possibility).

Permit me to set a few resolutions we can share as entrepreneurs. Read more.

Key Skills Of A 21st-Century Entrepreneur And Why They’re Important

Being a 21st-century entrepreneur is a demanding and exciting challenge. This is because the world is growing and changing so rapidly that it requires innovative thinking skills of an entrepreneur to stay ahead of their competitors. The 21st-century entrepreneur has to be highly organized and flexible. This means that a 21st-century entrepreneur is constantly thinking and planning. One way to do this is by creating and maintaining effective business plans. Furthermore, a good entrepreneur should also have excellent communication skills, leadership capability and the ability to lead others effectively. Read more.

How female entrepreneurs can thrive in good and bad times

Before the pandemic hit this spring, women were launching more than 1,200 new businesses every day — roughly twice the rate of men. In fact, in 2019, 21% of employer businesses had majority female ownership, according to a report by the Small Business Administration (SBA).

What a difference a year makes.

Women-owned businesses have been disproportionately impacted by the pandemic. One study by the National Bureau of Economic Research found that the number of female business owners dropped from 5.4 million to 4.0 million in just two short months, a 25% decline.

The loss of one fourth of female business owners is unprecedented and, as the study points out, may have longer-term ramifications for job losses and economic inequality. Read more.

Dear Entrepreneur, You’ve Been Brainwashed as an Employee.

My manager wasn’t happy. She pulled me aside. “You’re always the last one to arrive and the first one to leave. Why is that?”

I was working as a business consultant for a big fancy company you’ve probably heard of. Three letters. I was on the road most of the time, sleeping in hotels, eating every meal with colleagues. I’d go to the hotel gym to burn off some angst, and they’d be there too. It was driving me crazy.

So when I was back in the home office, I learned how to optimise all my processes so I could maximise my time for myself. Read more.

A Message from Acceler8Success Founder, Paul Segreto

This year was definitely not without challenges and mistakes. But in learning from the same and working towards making necessary corrections, successes were also realized. Although some gaps still need to be closed the near future looks bright and I’m excited about the year ahead. Such is the life of an entrepreneur – successes, challenges, mistakes, realizations, learning experiences, course corrections and, of course new ideas. It’s a whirlwind, stressful at times… exhilarating as well. So, here’s to putting 2020 behind and looking forward to the New Year. Yes, there’s reason the windshield is much larger than the rear view mirror. Now, it’s time for eyes on the road ahead, accelerating whenever possible, slowing down for curves and with a few stops in the rest areas to recharge. Happy New Year, my friends.

Acceler8Success Cafe Tuesday 12.29.20

10,000 of America’s restaurants have closed in the past three months

About 17% of America’s restaurants have already permanently closed this year, with the industry in further danger according to a new report. The National Restaurant Association is publicly pleading with Congress to pass new stimulus to help the industry that has been damaged by the pandemic. The group said Monday 110,000 restaurants have already permanently shuttered in 2020, with 10,000 of them closed in the past three months.

The group released results from a survey of 6,000 restaurant operators, revealing that 87% of full-service restaurants reported an average 36% drop in revenue and 83% expects sales to be “even worse” over the next three months as the virus continues to lash the United States. And 37% of restaurants said it is “unlikely” they will be open in six months from now, if there are no additional government help.

“Save Restaurants!” Written by a restaurant owner.

As I walk into the grocery store with 30 other people at the same time, I think about my restaurant which allows parties of 6 total, and meticulously spaces out reservations by 10 minutes ensuring guests that aren’t from the same party do not arrive at the same time.

As I take a cart, that has had just the handle sanitized, I think about my restaurant which invested thousands of dollars (so far) on ink and paper to print disposable menus to ensure no two guests touch the same menu.

As I walk over to the produce aisle with 15–20 other people around me, I’m reminded of the strict “no mingling / no walking around the restaurant other than to use the washroom or enter/exit” policy we have in place and the 6ft distance between tables which has cut our capacity in half. Read more.

Eight Obstacles Entrepreneurs Never Expected To Have To Overcome When Starting Their Businesses

The easiest part of opening a business is coming up with the idea and filing the paperwork. The most challenging part often might not be apparent right away. No leader can predict or prepare for every obstacle they might encounter as a business owner, and hurdles can vary by industry and by each entrepreneur. However, with a little insight from more experienced entrepreneurs and the right mindset, you can successfully guide you and your business through any challenge. Read more.

Entrepreneurs: How To Start a Business Now!

My mission is to help entrepreneurs start their business and empower them to exponentially succeed. So entrepreneurs, today, you’re gonna learn how to avoid waiting for the perfect moment and how to start your business now!

Don’t work for yourself only – but for all the people believing in you and your dream.

Kevin Harrington

In the video below, I bring you along my journey from investing in the Ginsu Knife to becoming the Original Shark on the TV show Shark Tank. Here’s the thing, we all have to start somewhere but the only way you can become a successful entrepreneur is by starting now!! Read more.

10 Ways for Entrepreneurs to Power Through Tough Times

Let’s be honest: things are changing rapidly, the world is chaotic right now, and struggling entrepreneurs are scrambling to maintain any sense of control during these tough times. I know, because I feel it, too. But with so much up in the air, there’s still a lot of optimism to hold on to. Folks may be divided these days, but what we all have in common is the goal to keep striving for success. Read more.

Starting a Business in 2021? Read These Expert Tips First

Is your new year’s resolution to start a new business venture? If so, you’ll need insights from business experts to help the journey run smoothly. Members of the online small business community have tips for every aspect, from legal documents to marketing. Read on to prepare for your new business in 2021. Read more.

6 biggest fears to overcome if you want to be successful in 2021, according to a futurist

Research shows the that the biggest barrier to ongoing success isn’t time, money or resources — it’s resistance to change and lack of risk tolerance.

As fast-moving and unpredictable as today’s world is, we’re all forced to adapt on a daily basis. In my years of research as a futurist, I’ve found that fear comes in six flavors. If you shift your perspectives and learn to conquer them, the possibilities will be endless in 2021. Read more.

The uncertainty of 2020 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-year, building upon Acceler8Success principles and methods that have proven successful since 2014.

Widely recognized as industry leaders & influencers, 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. Learn more.