Acceler8Success Cafe Friday 4.23.21

How to Rise Up After Life Knocks You Down

“It doesn’t matter how far you might rise. At some point, you’re bound to stumble.”

Oprah Winfrey spoke these words while giving a commencement speech at Harvard University, and I continue to find more truth in this statement the longer I live.

Each one of us experiences a few “stumbles” in our life. Some of us have the mental scars to show for it, too. Maybe you just got fired from your job and don’t know how to start over. Or maybe you’re trying with all your might to find a new one without any luck.

Sometimes we work hard for the things we truly believe in, only for life to not go according to our plans. In these moments, you might feel like throwing in the towel. Or that it’s just not worth the heartache to go after your dreams.

These feelings of pain and doubt are normal, but they shouldn’t stop you. In fact, when you realize you’ve hit rock bottom, there’s only one way to go, and that’s up. The process may be a difficult one and may even take away all your energy, but with a strategy and will, it can surely be done. Read more at success.com.

How to Build Motivation to Overcome Depression

One of the key features of depression is the lack of motivation to do things that you know you should really do. For example, you may think that you don’t have the motivation to exercise, or spend time with friends, or work on that project that is overdue. And as I’ve indicated in previous posts, we know that depression is a vicious cycle.

It includes avoidance, isolation, self-criticism, perfectionism, and hopelessness. We can add lack of motivation to this vicious cycle because when you lack motivation, you end up not doing the things that you need to do to build self-esteem, to overcome avoidance, to build your support network, and to feel effective so that you don’t fall into a rabbit hole of hopelessness. Read more at psychologytoday.com.

Why Entrepreneurship Involves Depression (And How To Overcome It)

If you’re headed into entrepreneurship, get ready to be depressed. Here’s how to get through it…

Sooner or later as an entrepreneur, you are going to face off against depression. At least the odds are extremely high. Those that deny it are probably hiding it or still in denial. It’s a virtually guaranteed part of entrepreneur life. The good news is that just knowing this gives you a huge edge going in. Read more at forbes.com.

“Running a start-up is like chewing glass and staring into the abyss. After a while, you stop staring, but the glass chewing never ends.” – Elan Musk

Why You’ll Have to Confront Depression as an Entrepreneur

Whether it is before, during or after exiting a company, depression is likely to rear its head at the worst time. Yet, if you can make it through it, the silver lining can be far more rewarding than you planned.

Reasons entrepreneurs get depressed include:

  • Empty successes
  • Naturally being prone to high levels of anxiety
  • Difficulty not feeling in control
  • Large numbers of investor rejections
  • Stress and long working hours leading to burnout
  • Being sabotaged by partners, staff or investors
  • Being fired from your own company
  • Struggles gaining and maintaining traction

The depression can be moderate and fleeting. Or it can be personally bankrupting and lead to a deep dive into bad habits, homelessness, and may take many years to recover from. Some don’t at all. Read more at forbes.com.

Entrepreneurial Leadership, Good Eats: How Independent Restaurant Operators Are Showing Their Strength

Independent restaurant operators have always been more entrepreneurial and a bigger source of innovation in the restaurant industry than the large chain restaurants can be. But the pandemic has been devastating for local restaurants across the country, with more than 110,000 locations closing their doors either temporarily or permanently, according to the National Restaurant Association. National Restaurant Association data also shows that restaurant and foodservice industry sales fell by $240 billion in 2020 from an expected level of $899 billion.

Some thought that future of the independent restaurant was all but over, but a closer look reveals that instead, restaurateurs became even more innovative. Many have found incredibly creative ways to keep diners visiting their restaurants, keeping them safe and, most of all, keeping cash flowing. This article features some examples of the creativity that has kept local restaurants alive. Read more at entrepreneur.com.

How Jersey Mike’s did Things its Own Way and Won 2020

For the past 30 years, marketing folks and ad agencies suggested to Peter Cancro that he appear in video or television ads for the brand he owns, Jersey Mike’s. The generally media-shy CEO always said no. “I didn’t want it to be about me,” he said.

Like many things, Cancro’s resistance was a victim of the pandemic. So, in March of last year, after the country went on lockdown, he appeared in an ad, simply urging people to “make a difference in someone’s life.”

“I felt compelled,” Cancro said. “It was a ‘we-got-to-do-something’ type thing.”

He’s appeared in ads for the chain ever since. Coincidentally or not, Jersey Mike’s sales have taken off. According to data from the most recent Technomic Top 500 Chain Restaurant Report, Jersey Mike’s was the 10th fastest growing big chain in the U.S. last year. Its system sales rose 19.6%.

But that doesn’t tell the full story. Of the 10 largest sandwich chains, only three of them managed to hold serve last year: Arby’s, which has drive-thrus and grew by 8.5%; Firehouse Subs, which recovered as 2020 went on and saw system sales rise 0.9%, and Jersey Mike’s. The rest of them pulled back, including the sector’s 500-pound gorilla, Subway, where sales plunged 18.5%, and Jimmy John’s, where sales fell 8.5% despite operating its own delivery network. Read more at restaurantbusinessonline.com.

Attention: Experienced Restaurant Managers & Operators… Managing Partner Opportunities!

If you’re interested in owning your own restaurant and putting your full-service restaurant management experience to work for you and your future, then read on.

Popular national brand is offering Managing Partner opportunities at new locations in Texas. Low investment required in exchange for significant equity positions. Excellent compensation package. Peak performance opens door to full ownership possibilities. Bi-lingual a plus but not required.

Interested? Intrigued? Are you ready to earn what you’re worth? If so, please reach out to Paul Segreto via email to paul@Acceler8Success.com.

We’ve Been Raised Like Wolves to Hunt Like Wolves

For something to exist, it must be created. For something to survive, it must be fed.

True for wolves. True for business.True for self-worth.

Unsure how the three are related? Here’s the uncomfortable truth: So many entrepreneurs unconsciously hunt for their self-worth by feeding on the validation that comes from business success, and it isn’t sustainable, or healthy.

If you think you’ve fallen into this trap of turning your business into a self-worth feeder you’re in good company, some trouble, and probably a degree of emotional pain. 

Here’s why so many entrepreneurs hunt, how to tell if your sense of self has displaced onto your business, and steps towards making self-worth an inside job. Read more at entrepreneur.com.

A Message from Acceler8Success Founder, Paul Segreto

I’ve read many, many books over the years as I’m a firm believer in what Lee Iacocca stated about a person not being smart by what is between his ears as he is by the information he can put his hands on.

Without having completed college, I knew I had to continue to educate myself as best and as much as I could to provide for my family. Early on, my wife, Laureen and I made a very conscious decision that we believed it best that our children would grow up with their Mom in the house at all costs. That meant while she was working her tail off at home, I had to work equally hard at work, and at whatever work would help us achieve our objective of our children having Mom home with them in the morning, upon arriving home from school and in the evening when we made it a point to have dinner together as a family.

Looking back, I saw these as objectives, as goals and as beliefs – our beliefs, but I never realized they were values in how we raised our family, all together and to respect each other and be there for each other… values of which we were steadfast in believing. Values we built our lives around. That is, I didn’t realize they were values until six years ago when I read the book, Values Inc. I read it two times within a few short weeks of receiving it from Dina Dwyer-Owens.

The first time around, I read it and enjoyed it. I took away a few things here and there. Then, I read it word for word, reflecting along the way how important it is to incorporate values into our lives, and certainly into business. Values, Inc. is applicable not only for Business, Inc. but for Family, Inc. as well.

This is really some very powerful reading. It’s inspirational. It’s motivational. It’s compelling. And, it makes sense… so much sense. I only wish it were published in the 90’s so I could have given it to my children as they were growing up and when they were ready to enter high school, college and the workforce. It really should be considered a textbook for life, required reading as in my opinion it truly outlines a foundation of values that an enriched, successful future should be built upon.

Last, I wish I were more conscious of values early on so I could have treated others better. Certainly, I would have made better decisions using a values framework. But today is as good a time as any to start rereading the book once again as I’ve done at least once a year since receiving this treasure. I’m forever grateful for Dina for writing and sharing such an outstanding book. Again, Dina, thank you!

Listen to an interview with Dina Dwyer-Owens, “Leading With Values” on Franchise Today podcast.

How does a founder / entrepreneur ensure the initial startup passion and culture remain as the brand and organization experiences accelerated growth?

How To Maintain An Entrepreneurial Culture At A Fast-Growing Company

In the earliest stages of building a company, there’s not much time to stop and reflect. The focus is almost exclusively on building something that can scale and endure as quickly as possible, all based on the vision you have for success.

But when you were just getting started, you were up for it. You knew that what you were doing was worth it. And you knew, better than anyone else, why you decided to take the initial risk. Before the office lease, before the 60-plus employees and before the profitability, there was you and an idea — a spark. Instead of second-guessing yourself, you put faith in your intuition and got lost in the work. Some days, it felt good. Some days, it didn’t.

Amid that chaos, excitement and, of course, the unknown, there’s some real freedom. In massive growth, I don’t think any entrepreneur is able to pinpoint the exact moment that freedom starts to dissipate, but it does. This is because with success and scale come responsibility and logistics. Bringing on new hires means you have more mouths to feed. Your first few clients are taking a risk, too, by hiring you. Read more at forbes.com.

Acceler8Success Cafe Thursday 4.22.21

How Generation Z Is Altering the Face of Entrepreneurship for Good

For the longest time, my generation, the Millenials, were touted as the Entrepreneurial generation. For the most part, we have lived up to the billing. However, as the world evolves, the art of business evolves with it, and it turns out that Generation Z has more to do with this evolution than many care to admit. 

Generation Z entrepreneurs are springing forth at such a startling rate that a recent Gallup Student Poll found that 40 percent of students surveyed from grades five to 12 stated they wanted to run their own business. Then, 24 percent said they have already started. At this rate, it isn’t at all challenging to see Generation Z take over as the most Entrepreneurial Generation. Read more at entrepreneur.com.

What I’ve Learned From Working With Gen Z Entrepreneurs

Born between 1997 and 2010, Generation Z succeeds millennials, and while they’re similar in some ways (their facility with digital media, in particular), their approach to business and entrepreneurship is very different.

Gen Z is rapidly becoming known as the most entrepreneurial generation ever, with 62 percent of Gen Zers indicating they have started—or intend to start—their own business. And those who have already started down this path are not only embracing entrepreneurship but also transforming it with unique approaches to brand building, upskilling and operations. With their oldest members just a tender 24 years old, Gen Z is already finding widespread success with their entrepreneurial exploits, from apps and YouTube channels to beauty products and hand-made bow ties. Read more at worth.com.

What Generation Z Entrepreneurs Are Like

If you think Generation Y is the most entrepreneurial generation, think again. The newest generation of workers, Gen Z, shows great promise as the next wave of entrepreneurs. Born between 1994 and 2010, Gen Z is about 21 million strong in America alone, with the oldest being juniors in college and the youngest about five years old.

In a new study by my company and the third-largest staffing organization in the United States, Randstad US, we found more Gen Z’s (17%) than Gen Y’s (11%) want to start their own business and employ others. Another study that I did with Internships.com in February 2014 shows 72% of Gen Z’s want to start their own business someday. Only 64% of Gen Y said the same in the study. In addition, 61% of high school students and 43% of college students said they would rather be an entrepreneur than an employee when they graduate college. Read more at Forbes.com.

Two Ways Entrepreneurs Can Turn Perfectionism Into Progress

Over the last few weeks, two friends (who are also entrepreneurs) decided to finally launch new websites for their businesses. The problem is, each of them had been kicking around the idea for months and still had nothing to show for it.

The problem wasn’t their motivation, abilities, or that they were too busy. Rather, perfectionism was preventing them from making progress. Perfectionism caused them to get distracted by all the potential details and decisions that could be made in the process of creating a website. In the end, this lack of focus prevented them from making progress. Read more at yfsmagazine.com.

“I have a view that if you build something that’s good, and you keep making it better, it lasts.” – Adam D’Angelo (Quora)

Today’s Young Entrepreneurs See the World in a New Way

Every generation likes to thinks it’s special, just a little bit “different” than the generations that came before. I know my generation, the baby boomers, sure did. Caught up in the unbridled optimism of youth, we thought we were so different that we were going to change the world.

I thought about this a few weeks ago while attending the Future of Entrepreneurship Education (FEE) Summit in Orlando, Fla. I met many driven young entrepreneurs under 30 who are determined to fix the mess the previous generations have made of the world (which kind of reminds me of what my generation used to think).

Don’t get me wrong. I hope they can do what we boomers couldn’t. And one thing this new generation, known either as the Millennial Generation or Generation Y, has going for it is the prevalence of entrepreneurs in the world today. In my day, most people aspired to get a good job and start climbing the corporate ladder. (Heck, most women aspired to get any job at all.) Today, it’s obviously a different story. Entrepreneurship is taught at hundreds of colleges, and programs like the Network for Teaching Entrepreneurship (NFTE) provide entrepreneurial education to at-risk teens. Read more at allbusiness.com.

A Message from Acceler8Success Founder, Paul Segreto

The following is from a social media post I shared seven years ago as a tribute to my Dad, a long-time business owner and entrepreneur who had recently passed away…

“Tonight I’m especially honored to be the host (and founder) of “What Keeps You Up At Night” as this podcast focuses on small business and my Dad, who passed away this past Sunday was a small business owner for over 50 years. He was a business owner through a time when most men got jobs and worked for a steady paycheck, incremental raises and a gold watch. Instead, he started a business, was very active in the business and opened multiple locations.

Through good times and bad, he stayed the course. I cannot recall a day when he stayed home sick. I do remember when he broke his hip that required surgery. It left him on crutches and with a brace all the way down his leg screwed into his shoe. Well, within days of surgery he was back at work, standing non-stop all day long with the crutches under his arms taking care of customers and his business. Truly he was an entrepreneur and I know there were many things about owning and operating his business that kept him awake at night. So, Dad, tonight’s show is for you!”

Why Start-ups Fail

If you’re launching a business, the odds are against you: Two-thirds of start-ups never show a positive return. Unnerved by that statistic, a professor of entrepreneurship at Harvard Business School set out to discover why.

Based on interviews and surveys with hundreds of founders and investors and scores of accounts of entrepreneurial setbacks, his findings buck the conventional wisdom that the cause of start-up failure is either the founding team or the business idea. The author found six patterns that doomed ventures. Two were especially common: bad bedfellows & false starts.

Other parties besides the founders—like employees, strategic partners, and investors—can play a major role in a firm’s demise. Quincy Apparel, for instance, was undone by weak support from its investors and factory partners and inflexible employees.

Many overlook a crucial step in the lean start-up process: researching customer needs before testing products. Like Triangulate, an online dating start-up, they keep rushing to launch fully functional offerings that don’t fit any market needs.

The good news is, firms can avoid that pitfall by rigorously defining the problem they want to solve, getting one-on-one feedback from potential customers, and validating concepts with real customers in real-world settings. Read more at hbr.org.

Is This the Biggest Myth in Entrepreneurship?

“I’m glad you could make it!” he said. “I’ve got an idea I want to run by you.”

I’d just arrived at a birthday party for one of my daughter’s kindergarten friends. If you’re a parent, you understand the kind of party I was at. It was one of those “invite everyone from your child’s class” parties where the parents stand around and make small talk with each other while our kids consume all the junk food and juice boxes we’d never feed them at home.

Since becoming a father, these little kid birthday parties have taken over my weekends, and the parent who was excited to see me was a father I’d been chatting with during a similar party a couple weeks prior. I felt a bit awkward because he was excited to see me, but I couldn’t remember his name. However, he clearly remembered me. And, judging by his statement, I knew what was coming next. He wanted my feedback on a business idea.

This kind of thing happens a lot. When people find out I teach entrepreneurship, they love telling me their business ideas. And I don’t just mean typical entrepreneurs pitching their venture-style tech companies. I mean my neighbor, my hairdresser, my bartender, and even, one time, my mailman. Read more at medium.com.

Seven Steps These Entrepreneurs Wish They Would’ve Taken Before Starting Their Businesses

Information can be a valuable resource, and having enough of it is key to helping business owners make smart decisions. But lack of information or experience can also have an impact. Even seasoned entrepreneurs have regrets or moments when they wish they had done something differently if they knew at the beginning what they know now.

Here, seven members of Young Entrepreneur Council reflect on their current knowledge and business experience in order to share some of the steps they wish they would have taken before starting their businesses. Read more at forbes.com.

This is What the Small Business Model of the Future Looks Like

Ten years ago, I remember standing in a large corporate board room of one of the world’s largest pet product manufacturers explaining this new thing called “Facebook“. There really shouldn’t have been a reason for me to be there. I worked for a small local fish store that a year prior was virtually unknown outside of extreme hobbyist enthusiasts. But it was what happened between 2010 and 2011 that got me in that boardroom. My small company created a following on Facebook, which at the time measured around 40,000 followers and a YouTube viewership of over 1 million.

We can’t even imagine a world without the internet literally available 24/7 in our pockets anymore. What that means is that the biggest single asset any small business has is its access to people through the internet. Small businesses can foster connection through followings on social media, visitors on a website and even through the people who look up to the business as a thought leader or industry expert. Powered by the internet, social media and influencers have turned marketing and product offerings and owner priorities upside down. The business model of the future is here and with it comes an all new way of doing small business. Read more at entrepreneur.com.

If you’re a blogger or an author interested in having your articles, posts, book excerpts, etc. included in our daily newsletter, please reach out to us via email to info@Acceler8Success.com.

Acceler8Success Cafe Wednesday 4.21.21

Sustainopreneurship is the future

It is encouraging to notice that the combined focus on sustainability and innovation is clearly intensifying. This is more than logical since behaving sustainably requires innovation, and innovation is no good if it creates problems of any kind, including those related to sustainability. But reaching logic is sometimes quite demanding!

Since so much depends on how entrepreneurial we are, it is essential that entrepreneurs (being able to find the ways to resolve their challenges) exclude any approach which would generate issues for any of the three aspects of sustainability – because that would not be a solution, but a new problem. This is of course the global, responsible approach, also the only socially responsible one. But in everyday reality, we often tend to think in terms of solving “our problem” and take advantage of “our opportunities” – ignoring problems of “others” and “the environment” – as if we would be living on another planet. Read more at wsimag.com.

Social Entrepreneurship: 10 Ways to Make a Difference Through Business

What is social entrepreneurship? Does the term refer to social media businesses? (No.) Is it something to do with networking? (Nope.)

In short, social entrepreneurship is an exciting way to make a positive difference in the world while also making a profit. 

It almost sounds too good to be true, right? Thankfully, it’s not.

Social entrepreneurship is the process of doing business for a philanthropic cause. Social enterprises seek to maximize profits while growing their positive impact on a particular social issue. These organizations are legal businesses that make money. However, much like a charity or non-profit, social enterprises focus most on benefiting society. Read more at oberlo.com.

“What you get by achieving your goals is not as important as what you become by achieving your goals.”

― Henry David Thoreau

How mayors can lead the way for entrepreneurial ecosystem building

Supporting entrepreneurs and early-stage businesses is key to economic mobility, opportunity and growth. But it’s one thing for city leaders to “talk the talk” and quite another to implement a strategy that will spark and sustain entrepreneurship.

A report called “Dynamism in Retreat” (Economic Innovation Group, February 2017) stated, “From 2010 to 2014, just five metro areas – New York, Miami, Los Angeles, Houston and Dallas – produced as big of an increase in businesses as the rest of the nation combined.” In fact, across the rest of the United States, many cities were seeing major declines in new business starts.

Since the report was released in 2017 more and more city officials, especially mayors, are embracing the role of “entrepreneurial ecosystem builder” and actively working to create – through policies and programs – an environment within their communities that supports entrepreneurship. Read more at joinsourcelink.com.

Are You an Entrepreneur? The Answer Might Surprise You!

They don’t wait to be told what to do, or for conditions to be perfect, or to be handed the resources they need on a platter.  In the spirit of a famous slogan, they just go out and do it. End of story. Sounds simple, right? But it’s not an easy process by any means.

It’s this kind of spirit that sees success as inevitable after hundreds of failures, rejections and setbacks. It’s this kind of spirit that enables the entrepreneur to pick themselves up off the floor, dust themselves off, and start all over again, even where the outcome is uncertain. It’s this kind of spirit that can hold a dream in perfect suspension in the imagination, believing in it even in the face of all odds, until the day it’s there in solid reality. Read more at addicted2success.com.

A Message from Acceler8Success Founder, Paul Segreto

Today’s Entrepreneurs

The world around us has become so noisy that it’s easy to not hear opportunity knocking. In the past, opportunity presented itself in only a few ways… a job offer, a referral, an ad in the paper. Business was regimented… 9 to 5, straight forward processes, slow to change, staying inside the box.

Well, technology along with our lost feeling of security, job and other has provided us opportunity and reason that we must keep our eyes open, explore beyond our comfort zones. We must maintain an open mind to create things of value, to control our own destiny, to diversify our income, to take calculated risk, and to think and act outside the box (of complacency, fear and procrastination).

We’re in an environment where the visionaries continue to create the playing field but it’s only doers who will win.

Acting swiftly, yet decisively, albeit deliberately, often throwing caution to the wind, caring little about what others think of them and their decisions, maintaining a laser-focus to not only succeed, but to thrive.

21 Reasons to Start a Business Today

Freedom is the golden promise of entrepreneurship. Over and over again, entrepreneurs that we interview for Foundr Magazine point to autonomy, to independence, as a key driver of their decision to start a business.

This isn’t just a little anecdote I’ve noticed. It’s a huge reason that people become entrepreneurs.

In 2008, the academic International Entrepreneurship and Management Journal released stats from a global survey of early-stage business owners. Independence was the most common reason these people gave for starting their business:

  • Within the 25 countries, the study looked at, an average of 38% of beginning business owners cited independence as a motivation.
  • Independence served as a reason for 35% of entrepreneurs in the US and 39% in the UK.
  • In Australia and Japan, 57% of beginning owners pointed to independence as their motivator.

Why does this fervor for freedom move people to hurl themselves into the crazy world of business? Freedom is having more control over the course of your life, having the power to direct it in the ways that you want, rather than working for the whims of others. Read more at foundr.com.

How Motivation Determines Success of Your Small Business

Does motivation play a part in the success of your small business? The answer is “yes!”

Motivation determines the success of your small business in many ways. It plays a part in everything from how you approach your day, how you make decisions, and to your health.

When we say motivation, we don’t refer to the sort of excitement that gets you fired up to do random things– things that don’t ultimately matter to your business. And it doesn’t refer to how excited you are about life in general. No, real motivation is the powerful force that pushes and justifies your daily actions towards something reaching a goal.

If you don’t have that motive pushing you, your days will probably be filled with stress, frustration, endless obligations, and most likely a lot of procrastination.

Without having it in both your personal life and business, it becomes increasingly hard to strive for success, fulfillment, and internal happiness. Read more at snapreads.com.

6 Ways to Stop Working So Hard and Like Yourself More

Urgency. Competition. Measure up. Improve. More. 

We’ve been conditioned to believe that if we work hard enough and optimize ourselves, we’ll get “there” sooner. 

There is no there.

We think we’re evolved human beings in charge of our destiny. In truth, we’ve been conditioned to work long, fast, and hard to earn the right to feel “good enough.” 

There is nothing empowering about it.

Collective unworthiness is the fuel that feeds our society. Humans have turned self-worth into something we need to hunt for, and our careers are a powerful way to pump up our inner metrics. We’re desperate for someone or something to validate our existence. 

Grinding to the bone has a glaring limitation: self-worth requires no work, is readily available, and free.

Not very catchy, but it’s true. 

Reclaiming your self worth starts with understanding where you’ve created dependency models, or are hunting for your worth externally. Then it’s time to dismantle the systems of oppression. Read more at entrepreneur.com.

Overthinking Everything? Use This Strategy to Get Out of Your Head

Overanalyzing every decision you make is a terrible habit to fall into. We’re all guilty of it. Our feelings of uncertainty drive us to overthink. Collecting more data and noodling about every potential outcome might make you think you are advancing toward a goal when you’re really just spinning your wheels.

Our subconscious drives 95 percent of our decisions, according to Gerald Zaltman, a Harvard Business School professor emeritus, who studied consumer-buying patterns. How you feel about the decision stalls your progress. If you feel uncertain about choosing, guess what? You’ll just keep thinking about it. The project or business doesn’t start until you do.

The first step is taking control. Despite what you might think, you are always ready to start. If you make the wrong decision at some point, you can adjust. You don’t have to know all of the answers, you just have to start and then you’ll figure them out. Read more at success.com.

9 Mindful Ways To Add More Self-Care To Your Routine

If there’s one thing we’ve learned in the last year, it’s that stress is pretty dang inescapable. While it’s impossible to totally remove worry from our day-to-day (after all, some stress is actually good for us), there are ways to minimize its impact and find harmony with it.

One such way is to weave more moments of self-care into our day. These moments allow us to make a conscious effort to ground ourselves and re-establish control over anything that may be increasing our anxiety, particularly throughout the workday. To figure out where to start, we tapped our friends at Boxed Water who know a thing or two about prioritizing one of the most essential elements of self-care: staying hydrated!

Ahead, we share nine mindful ideas you can tap into today to bring some zen to your 9-to-5. These self-care swaps will help infuse a spa-like feel to your everyday routine and help you feel relaxed from the AM rush to your midday lunch break, all the way through to your wind-down bedtime routine. Read more at brit.co.

The Shortest Guide to Dealing with Emotions

Imagine you are sitting in a car, and you are driving down a lonely highway. Suddenly, in the middle of nowhere, a warning light goes off. Your oil pressure is very low. If you just ignore it and continue your drive, you run the risk of doing serious damage to your engine. You know you can get a tow, but this is going to take a while.

As you are considering your next step, you suddenly remember a trick about how you can short circuit the warning light. This would not change anything about the engine—it would still be starved for oil—but the low-pressure signal would no longer be blinking on your dashboard, and you could ignore it more easily.

Here’s the question: Should you do it? Read more at psychologytoday.com.

Entrepreneurs Who Sleep More Are Better at Spotting Good Ideas

It is time to put the myth of the sleepless founder to bed. Too many entrepreneurs think skipping on sleep is the heroic path to success, and a badge of honor. But in a recent series of studies, we found several specific deficits among exhausted entrepreneurs that demonstrate that even the most dedicated founders could best serve their fledgling venture by resting up. Read more at hbr.org.

Acceler8Success Cafe Tuesday 4.20.21

25 Entrepreneurs Explain What They Love About Being An Entrepreneur

Being in love is great. Being in love with your business, when you’re an entrepreneur, is even better. Waking up each morning knowing you are getting to do exactly what you love is more than most people could ever say about any “job” they have had. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality.

Different business owners also have different reasons why they love their business. It might be the products or the customers they deal with, or it could even be the fact that they are the ones in charge of it all. The reasons are as varied as the businesses themselves. Read more at hear.ceoblognation.com.

The Entrepreneur’s Impact on a Successful and Prosperous Society

The world as we know it would not be what it is if it weren’t for the brilliant and creative minds of entrepreneurs. When we talk about entrepreneurs, we often equate them with business people. While both share certain qualities, there’s much more to an entrepreneur compared to a business owner. They are not exactly one and the same.

What is Entrepreneurship?

The basest definition of the word “entrepreneurship” is this: the activity or the process of creating an enterprise or a business and taking on the financial risks with profit in mind. But, of course, there’s more to it than just that.

It also refers to having the capacity and the willingness to contribute to a nation’s socio-economic development by coming up with creative solutions that promote social changes and drive innovations.

Entrepreneurship, as well as entrepreneurs themselves, are deemed important in several ways, which we have outlined below. Read more at usaprojects.org.

Develop an Entrepreneurial Mindset

At its core, a business is really just a repeatable process of solving problems for other people. The problem just has to be big enough that customers and clients will pay for your product or service. If you’re an entrepreneur, really all that means is that you’re a problem solver.

And it takes some drive and a whole lot of other qualities to push your business idea toward success. Did you know that about half of all small businesses fail in the first five years? Did you know that about 70 percent of those businesses fail because of cash problems?

So in addition to being a creative person who sees opportunities and has the drive to persevere and navigate those rough spots when things get tough, you have to keep the business side of things in mind, too. Keeping things like financials, cash flow, bookkeeping, etc., in focus, in addition to your business goals, is key for success. Read more at msourcelink.com.

Can Entrepreneurship Be Taught in a Classroom?

As the pandemic reshapes entire industries, the need for agile entrepreneurs have never been more urgent. But traditional business education isn’t always optimized for preparing the next generation of leaders for an uncertain, rapidly changing world. Nevertheless, some business schools have pioneered new teaching models designed to teach entrepreneurship more effectively by focusing on “effectuation,” or leveraging existing resources to take action.

New research sheds light on two new models for entrepreneurship education: Rotman’s operating theater classroom, in which startups are interrogated in front of an audience of students, and Darden’s rewiring approach, in which students are encouraged to embrace an action-oriented, collaborative mindset. Read more at HBR.org.

The Entrepreneurial Spirit: Are Entrepreneurs Born or Made?

So what are the characteristics and skills of a good entrepreneur? What’s the “it” factor that makes for a great entrepreneur? To be a basketball star, you would most likely be extremely tall, fast, athletic, and have real hops. But the qualities of a great entrepreneur are more abstract or illusive for someone studying entrepreneurship and business. From my experience, I believe there are five major traits that mean you have the chops when it comes to building a business and living the life of an entrepreneur. Read more at garyvaynerchuk.com.

18 Simple Ways Entrepreneurs Can Prevent Burnout

It’s no surprise that entrepreneurs must possess a strong work ethic in order to keep their businesses up and running. As a result, many face long and demanding hours, increased pressure to perform, tough decisions, loneliness; the list goes on.

Unfortunately, many of the challenges faced by entrepreneurs can lead to ‘burnout,’ which Dr. David Ballard, Psy.D. defines as “an extended period of time where someone experiences exhaustion and a lack of interest in things, resulting in a decline in their job performance.”

Luckily, there are several ways to stay proactive and prevent burnout from affecting you and your entrepreneurial journey. From practicing self-care to maximizing productivity, we’ve got you covered. Read more at startupsavant.com.

Why Entrepreneurship Is the Engine of Economic Development

We often hear that entrepreneurship is important, but it’s hard to overstate just how vital entrepreneurship is for the economy at large. Entrepreneurial activity, or in other words, the creation of new businesses, is what supports local economies, what supports our country’s GDP and what helps the stock market continue to grow.

So why is it that entrepreneurship is such a powerful engine of economic development? It’s actually more complex than you might think.

The evidence suggests that small businesses created by entrepreneurs are disproportionately responsible for job growth. Small companies create more than 1.5 million jobs annually in the United States, which translates to 64 percent of total new job growth.

Why are new jobs so important? Economic growth is partially dependent on job growth. More available jobs lead to more people working, and more people working leads to higher GDP. On top of that, more people have recurring income and can better provide for their families. Read more at entrepreneur.com.

A Message from Acceler8Success Founder, Paul Segreto

Entrepreneurship: Ideas and the Courage (Nerve) to See Them Through

“I always thought you needed to be innovative, original, to be an entrepreneur. Now I have a different perception. Entrepreneurs are the ones that make things happen. (That) takes focus, diligence, discipline, flexibility and perseverance. They can take an innovative idea and make it impactful. … successful entrepreneurs are also ones who take challenges in stride, adapt and adjust plans to accommodate whatever problems do come up.”

– Steve Blank launched the Lean Startup movement. His work has changed how startups are built, how entrepreneurship is taught and how existing companies and the U.S. government innovate.

Read more…

Entrepreneurs Who Create Startup Businesses Have to be Crazy

People who start companies are, without a doubt, just a little bit crazy. And people who start more than one company? Deranged lunatics — all of them! Why? Because it’s insanely hard! You’re signing up for a ridiculous amount of work. Your startup journey will be the wildest ride of your life.

Read more…

Poker or Chess?

Do you plan your business strategy like you’re playing chess or poker? But, before you answer, consider the following…

“Industry executives and analysts often mistakenly talk about strategy as if it were some kind of chess match. But in chess, you have just two opponents, each with identical resources, and with luck playing a minimal role. The real world is much more like a poker game, with multiple players trying to make the best of whatever hand fortune has dealt them. In industry, Bill Gates owns the table until someone proves otherwise.”

– Deep thoughts by David Moschella

Is Courage a Necessary Trait for Success?

We never really hear enough about courage. The courage to take a risk, to stretch limits, to push forward, to go beyond, to keep moving… to make things happen regardless of the challenges in front of us.

Think about the early-day pioneers crossing the Midwest when they first caught a glimpse of the Rocky Mountains and stared at them getting bigger and bigger as they approached over a few days. What unbelievable courage they must’ve had to continue not only towards the mountains, but up into them and through them, often having to go north or south for awhile to keep making progress forward, and despite the elements of weather and resulting hardships. They believed in their dreams and as a result of their relentless courage, their goals were achieved.

The Cowardly Lion’s Thoughts on Courage

In his most famous song, the Lion muses on what it would be like if he had any courage (not realizing he already has plenty):

Cowardly Lion: [singing]I’m afraid there’s no denying, I’m just a dandy-lion. A fate I don’t deserve. I’m sure I could show my prowess, be a lion, not a mowess (mouse). If I only had the nerve!

For Successful Entrepreneurs, Courage And Leadership Go Hand In Hand

When we think of great leadership, we often envision someone who emanates confidence and strength. There are many entrepreneurs who think this means that, to lead their companies, they must present an image of permanent self-assuredness and fearlessness.

But true leaders are ones who forge ahead even when they’re not confident and who let their teams know that they don’t always have the answers.

Some of the greatest leaders in history have publicly made commitments that they didn’t know, at the time, how they would pull off. In 1960, newly elected President John F. Kennedy declared that the United States would put a man on the moon by the end of the decade. They didn’t yet have the capabilities in place to do this, but nevertheless, he committed to making this happen. This could have been a disaster for Kennedy, but in the end, it was a success, and they pulled it off within the time frame with a year to spare.

Great leaders take risks with their reputations for the sake of moving ahead with a big, sometimes seemingly impossible, goal. Their vision and innovation spur them forward when they don’t yet have the capability to make these ambitions a reality.

Doing this takes courage. And being willing to go through periods of courage is essential to both entrepreneurship and leadership. Read more at resources.strategiccoach.com.

Acceler8Success Cafe Friday 4.16.21

The Pandemic Created the Next Generation of Great Entrepreneurs

Could the pandemic be incubating a boom in the next generation of entrepreneurship? It’s hard to say, exactly — but it sure looks like something is happening. Applications for employer tax IDs have spiked dizzyingly since COVID-19 began; that translated to Americans starting 4.4 million new businesses last year, according to researchers at the Peterson Institute for International Economics — a record-breaking 24 percent increase from 2019. The Census doesn’t track business applications by age, and platforms like Kickstarter, GoFundMe, and Instagram told Entrepreneur they don’t have any data or insight to share. So it’s difficult to pinpoint exactly how much of this growth is kid-related.

Still, experts say that crises have historically fostered entrepreneurship — and this particular crisis comes with some unique kid-focused factors. Many entrepreneurial parents juggling work and childcare are eager to offer their kids something other than Charli D’Amelio’s TikToks and Minecraft, which makes creating a business an appealing diversion. Meanwhile, the culture at large has been speedily molting old normals for new ones and seems to be charged with a fresh surge of startup spirit. For ambitious young people, it all combines to produce one of the greatest lessons in entrepreneurship: Unpredictable times are rife with opportunity. Read more at Entrepreneur.com.

‘If Not Now, When?’ – Women Entrepreneurs Launch Mid-Pandemic

They say necessity is the mother of invention — it is, at the very least, a parent of many startups. While the coronavirus crisis has forever altered our lives, and has had devastating economic consequences for millions of people, it has also fostered a groundswell of entrepreneurial spirit, especially among women.

The U.S. Census Bureau saw a significant uptick in new business filings over the course of the pandemic, with more than 4.4 million new firms created since March 2020 — a 24-percent increase from the previous year. Data compiled for The Washington Post by LinkedIn found that female entrepreneurship grew 5 percent during roughly the same period, more than double the pre-pandemic average. Read more at TheStoryExchange.org.

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 at Forbes.com.

Daring to Compete: The DNA of an Entrepreneur

Entrepreneurs are a special breed. They are the disruptive forces constantly challenging the status quo and often defining our futures for us. The media has an endless fascination with trying to understand who they are and how to teach us to be more like them. At any one time, you can find thousands of articles, blogs, profiles, and books attempting to breakdown the backgrounds, traits, and habits of these unique disruptors of society. Unfortunately, these attempts mostly fall short due to the top-line superficial nature of media today.    

The newly released book Daring to Compete takes a stab at cracking that elusive entrepreneurial code by taking a deeper dive. Based on data collected from thousands of interviews over the course of the more than 30-year span of the acclaimed EY Entrepreneur of The Year program, the authors uncovered some fascinating similarities among the world’s elite entrepreneurs. Although these similarities appear quite simple at first glance, there is a lot that goes on below the surface. Read more at PsychologyToday.com.

Dr. Alyssa Adams: How To Successfully Ride The Emotional Highs & Lows Of Being An Entrepreneur

Upgrade your self-talk by challenging unhelpful thoughts and patterns

As a business owner, you are your own supporter, cheerleader, thought partner, and saboteur all at the same time. It’s essential to choose what role you want to play and to notice when your self-talk has become negative, harsh, and critical. It’s a pattern that is important to identify and change, especially as a new business owner. There are ups and downs that are a natural part of entrepreneurship, but it’s how you describe those experiences to yourself that really matters. Read more at Medium.com.

60% of US Workers Concerned Over Mental Health After Pandemic

A new survey says that 60% of US workers are worried about their mental and psychological health.

According to the survey by The Conference Board, there is a positive side to that. Nearly 80 percent of respondents felt that their supervisors cared.

Yet only 62% felt that they felt comfortable talking about well-being challenges at work. And 18% said they do not feel comfortable discussing hardships at work. They said they feared negative consequences.

The strongest indicator may simply be through personal connection, said Amy Lui Abel, PhD, VP Human Capital, The Conference Board.

“Direct managers and supervisors should regularly check-in with their teams and simply ask: “How are you doing? How is the family? Are there things preventing you from focusing on your work? What is going on?” Abel advised. “These check-ins can happen on an organizational level as well, with quick “pulse check” surveys (anonymous or not) asking these same basic questions about well-being.” Read more at SmallBizTrends.com.

Do you plan your business strategy like you’re playing chess or poker?

But, before you answer, consider the following…

“Industry executives and analysts often mistakenly talk about strategy as if it were some kind of chess match. But in chess, you have just two opponents, each with identical resources, and with luck playing a minimal role. The real world is much more like a poker game, with multiple players trying to make the best of whatever hand fortune has dealt them. In industry, Bill Gates owns the table until someone proves otherwise.” ~ Deep thoughts by David Moschella

Let the professionals at Acceler8Success Group help you play the right hands. For more info please visit Acceler8Success.com.

7 Parts of Your Life That Suffer When You Fail to Change

Change. It’s a scary thing, and fears associated with change often cause people to just give up.

But how scary is not making a change? Let me ask you to try this. Pick up a 50-pound rock and carry it around with you. No, not just for a few seconds, or even a few hours. Do it forever. That’s what an unexecuted change can feel like. It weighs you down, potentially adversely affecting other areas of your life.

Just how much is maintaining the status quo costing you? Like Coach John Wooden said, “Failure isn’t fatal, but failure to change might be.” Read more at Success.com.

The Changing Workplace

As the COVID-19 pandemic appears to be winding down and many entrepreneurs are gearing up to get back to business, many of us still don’t feel like we’re getting back to normal.

For many, the coronavirus has complicated an already complex situation. A few weeks ago, I read something in The New York Times that actually made me exclaim out loud, “Yes, that’s what’s wrong with me.” Author Susan Orleans told the newspaper, “I feel like I’m in quicksand. I’m just so exhausted all the time. I’m doing so much less than I normally do…I’m just sitting in front of my computer—but I am accomplishing way less. It’s like a whole new math. I have more time and fewer obligations, yet I’m getting so much less done.”

Sarah Lyall, the author of the article, calls it a “late-pandemic crisis of productivity, of will, of enthusiasm, of purpose.” And it’s affecting everyone—business owners and employees. MetLife’s 19th Annual U.S. Employee Benefit Trends Study 2021, Redesigning the Employee Experience: Preparing the Workforce for a Transformed World, discusses five trends that are changing the workplace small business owners should be aware of at Score.org.com.

The Weekend Habits of Successful Entrepreneurs

Weekends allow a break from the abundance of menial duties of the week. In the Forbes article “Don’t Balance Work and Life, Integrate Them”, the estimated average business professional has between 30 to 100 projects on their plate, are interrupted an average of seven times per hour, and distracted over 2 hours a day. Take some time to spend alone in order reflect on the bigger picture. Just listen to what Spencer Rascoff, CEO of Zillow Group, has to say on the matter:

“My weekends are an important time to unplug from the day-to-day and get a chance to think more deeply about my company and my industry.”

Remember to take a step back from the hustle and bustle. Don’t lose the vision in all the commotion. Read more at Medium.com.

Balancing Work And Family When You’re An Entrepreneur

When people talk about entrepreneurship, it’s mainly about the challenges that apply directly to that person. Being an entrepreneur means long hours, a lack of social life, that weekends are no longer “downtime”, but a means to squeeze more work into seven days. 

While all this is technically true, there is less thought to how entrepreneurship affects those closest to a person – i.e. balancing your work with family and friends. 

Let’s be honest. When we got ourselves into this game, we knew that balancing work and family was going to be a challenge. Once I’ve fixated on an idea, I will pour all my time and energy into it until it’s finished. I was born that way. 

But, on my journey to becoming a self-sufficient PPC agency owner, I met the love of my life. I married Mimi and went on to have two amazing children. 

Suddenly, my life was filled with people who depended on me. My wife has always been very supportive and understanding, but I couldn’t work 24/7 with kids. Read more at Flexxable.com.

5 Ways to Juggle Family and Business for Entrepreneurs

Two of the most crucial aspects of life are family and business. Each demands a lot of attention and dedication from an individual and it can often be overwhelming, trying to balance the two. 

In life, there is never a manual on how to be working parents and make things work. As an entrepreneur, venturing into new opportunities, crafting working strategies, and getting results is your sole purpose. You do this for self-improvement, portfolio expansion, and financial betterment. 

But when your family enters the picture, things can get a bit complicated. Your work rate and results have to improve because you’re now not just responsible for yourself, but your family too. The attention you previously gave solely to your business now has to be divided and shared with the addition of your new obligations and balancing the two can be quite a challenge. Read more at HiveLife.com.

Acceler8Success Cafe Thursday 4.15.21

Women Entrepreneurs Face Gender, Culture Issues

Across the globe, women’s entrepreneurship is increasingly important for creating new jobs and contributing to the social and economic growth of societies. According to the 2019/2020 Global Entrepreneurship Monitor (GEM) Report, 231 million women launched or operated businesses in the 59 economies around the world. As noted in a 2015 McKinsey Global Institute report, if women were to play an identical role in the global labor market to that of men, it is estimated that $28 trillion, or 26%, could be added to the global gross domestic product (GDP).

While the overall perception of female entrepreneurship may seem positive, the underlying reality of the success or failure of women entrepreneurs continues to be dynamically shaped by gender and culture. According to University of Delaware Professor of Management Amanda Bullough, both the business world and society-at-large need to pay more attention as to why these conditions persist. Read more at udel.edu.

The 10 Mompreneurs to Watch in 2021

With more and more females breaking into the world of entrepreneurship, there is one thing that becomes inevitable: more Mompreneurs. Women all around the world are breaking the mould more than ever, taking control of their lives and destiny through the vehicle of entrepreneurship. Despite what people may think, mompreneurs don’t take their foot off the gas once they’ve had kids – many push even harder, as they know the livelihood of their kids depends on them.

According to Boost Media Agencymompreneurs play an enormous role in the future of female entrepreneurship, paving the way for the next generation. Each with their own unique businesses and areas of expertise, Read about the 10 mompreneurs to watch in 2021 at Finance.Yahoo.com.

Building supportive ecosystems for Black-owned US businesses

Entrepreneurship and business ownership—particularly of community-based businesses—are crucial ways to develop community wealth, for both business owners and the people they employ. Healthy Black-owned businesses could be a critical component for closing the United States’ Black–white wealth gap, which we project will cost the economy $1 trillion to $1.5 trillion (in 2018 dollars) per year by 2028. The COVID-19 crisis, however, has further stressed Black-owned businesses and may cause the racial wealth gap to widen. This gap includes a $290 billion—and growing—opportunity to grow overall wealth by achieving revenue parity between Black- and white-owned businesses in addition to providing aid to small and medium-size businesses (SMBs)—those with up to 500 employees—with nonwhite owners.

Black business owners have been disproportionately affected by the pandemic-linked economic downturn, partly because they were more likely to already be in a precarious position, including more likely to be located in communities with business environments that are more likely to produce poor business outcomes. Indeed, about 58 percent of Black-owned businesses were at risk of financial distress before the pandemic, compared with about 27 percent of white-owned businesses. The pandemic contributed to tipping 41 percent of Black-owned US businesses into closure from February to April 2020. More than 50 percent of the owners of surviving Black businesses surveyed in May reported being very or extremely concerned about the viability of their businesses. This concern may be linked to having a more difficult time accessing credit since the COVID-19 crisis began; 36 percent of Black business owners responding to the survey said they had experienced this, compared with 29 percent of all respondents. Read more at McKinsey.com.

“We are a nation of communities… a brilliant diversity spread like stars, like a thousand points of light in a broad and peaceful sky.” – George H.W. Bush

Latino Entrepreneurs Face — and Can Overcome — Funding Obstacles

Recent research by the Stanford Latino Entrepreneurship Initiative offers detailed insights into the difficulty Latino entrepreneurs often have finding funding for their businesses — and points to some ways these entrepreneurs may be able to improve their odds of success.

The 2020 State of Latino Entrepreneurship report found that Latino-owned businesses are significantly less likely than similar White-owned businesses to have loans approved by national banks. The report is based on a survey of “employer” businesses that have at least one paid employee other than the owner.

Overall, the survey found that 20% of Latino-owned businesses that applied to national banks for loans over $100,000 received funding, compared with 50% of White-owned businesses. The discrepancy was even larger when looking at firms with annual revenues over $1 million who were requesting similar-size loans: 29% of Latino-owned businesses got the loans vs. 76% of White-owned businesses. Even after controlling for business performance measures, the odds of loan approval from national banks were 60% lower for Latino-owned businesses. Read more at GSB.Stanford.edu.

Five Ways To Raise Money To Launch Your Own Startup

While there are tons of obstacles along the road of setting up your own business, raising funds could be the number one cause (after mis-planning, of course) for the failure of your new business venture.

A lot of entrepreneurs are faced with many challenges when setting up a new business venture, but the most common one? Garnering the right amount of resources and funds necessary to kickstart the business. While there are tons of obstacles along the road of setting up your own business, raising funds could be the number one cause (after mis-planning, of course) for the failure of your new business venture. Read more at Entrepreneur.com.

Practical Guide To Running A Single-person Startup

Being an entrepreneur is amazing. But just like any other profession, there are ups and downs. You’re always faced with the question of “How do I keep going?” The truth is, entrepreneurship is hard. It’s a lot of work, a ton of stress, and not a lot of financial rewards (yet). But if you want to be successful, you have to push through the hard times.

Similar to Oprah Winfrey’s story, even when she had an awfully rated show, she was able to turn her misfortune into good fortune. Oprah gained recognition and was awarded her own show for her efforts “The Oprah Winfrey Show” which earned a full hour spot and became the top daytime talk show in the United States. Oprah has never given up and only moved onto greater things.

It’s better to think of the entrepreneurship journey as an extreme sport. That doesn’t mean you can’t take breaks, but it’s best to keep pushing through the hard times to the good ones. To do this, you have to establish your foundation in the beginning. You can do this by getting a handle on your finances and keeping good records (and sticking to them). As far as your industry, it’s not a bad idea to learn about it as early as possible, as you can use it to find your market or to assess the competition. When you do find your market, look for clients who can afford your product (you’ll want to set prices high enough to cover your overhead). The whole idea here is to keep your prices as low as possible while still delivering the right services. Read more at Medium.com.

6 Things Women in Business Know That Men Don’t

A dear friend of mine once said, “Life turns you into an expert at things you never chose to become an expert at.” This resonates with me a lot as an entrepreneur and mother of two. It’s one of the worst stereotypes these days to see a businesswoman who is also a mother and ask, “How do you do it?” Do men ever get asked that?

The fact of the matter is, female entrepreneurs have a whole different skill set than their male counterparts, and this is out of necessity. Far be it from me to look at this and think that we’re forced, kicking and screaming, to learn to work harder, smarter, and more efficiently than our male peers. In my experience, it’s best to approach the challenges by thinking, this is a gift.

Let’s explore six things that female entrepreneurs know about business and life that men don’t necessarily not know, but can never understand to the degree that women do. Read more at AllBusiness.com.

My Ideal Client Became My Worst Nightmare: 5 Lessons For Freelancers

After years of handling online marketing for local small businesses, I decided to pivot and help musicians with their marketing. Except I knew nothing about the music industry.

My lack of experience didn’t matter. I’ve always been passionate about supporting independent artists so I’d learn along the way. After all, I credit music with having saved my life when I was a youth dealing with mental health issues.

Despite venturing blindly into the music industry, my journey has been surprisingly great so far as a music marketing freelancer. Read more at YFSmagazine.com.

How to Start a Young Entrepreneurs Book Club

Inspired to start your own book club? From one young entrepreneur to another – education outside of the classroom is essential to growing as a business person. Whether you choose to read my book or choose from the hundreds of other value-packed entrepreneurship reads, it’s important to constantly learn new things.

Whether you want to host a book club for a small group or bring together a larger group of young entrepreneurs, the first step is to find out who will be involved. Although there are pluses and minuses to both bigger and smaller groups, I typically recommend petite gatherings. They can be more intimate and allow you to connect and learn a lot more from your book club and its members. Read more at Influencive.com.

Acceler8Success Cafe Wednesday 4.14.21

What entrepreneurial strengths do I have?

Anyone can start a business (yes, really).

But there’s no denying that some entrepreneurs have skills and strengths that help them achieve success.

As you pursue a path to becoming an entrepreneur, you’ll likely focus most of your attention on your business: your plan, your strategy and what you need to launch.

Yet it’s just as important to take some time and reflect on yourself, too. What strengths do you bring to the table as a business owner? And what are your weaknesses?

As you start thinking about your applicable skills and entrepreneurial strengths, let’s take a closer look at the importance of evaluating both your strengths and your weaknesses.

tarting a business is challenging. That’s why it helps to know going in what personal strengths you have that can help you be successful.

Maybe you’re a person who embraces challenges not as obstacles, but as opportunities. Perhaps you’re highly motivated and/or goal-oriented. Do you excel at meeting deadlines? What about your work style: do you prefer to operate at the 50,000-foot level, or do you thrive in the midst of details? Are you creative? A people-person? Competitive or disciplined (or both)? Read more at FastTrac.org.

A Message from Acceler8Success Founder, Paul Segreto

What goes through an entrepreneur’s mind at 2 AM?

An entrepreneur’s mind never seems to stop. More so in the dead of night.

Sure, there’s some worrying – there always is. But it’s more about thinking things through. It’s actually a sense of relaxing and unwinding. It’s some quiet alone time ahead of what is certain to be another busy day. Others would think this is all weird but it’s the peaceful solitude that allows an entrepreneur to think, to sort out answers. For example, part a typical internal conversation might sound like this…

“Where does the time go? We’re already halfway through April and before we know it we’ll be at the mid year mark. Focus. Yes, it’s time to stay focused on goals for this quarter – they’re still clearly in sight. They’re achievable. They are. So, staying the course, yes, it’s key to making this quarter a success. Okay, that‘s right. Don’t change now. New course direction is not needed, just a slight adjustment here and a little maneuvering there and all will be good…”

Actually, this uninterrupted conversation is assuring and as such, mind clearing. And, it enables the entrepreneur to doze off for the best two hours sleep of the night. 

3 Ways to Overcome the Fear of Business Uncertainty

Life doesn’t have a “pause” button. Even if it did, I’d tell you not to push it. Yes, being an entrepreneur during COVID-19 is scary, but fear of failure in business is simply part of the journey. Ironically, it’s also a great motivator.

When I launched my first business, I was scared to death. I was supposed to be the breadwinner. What would our family do if I failed? I didn’t want to find out, so I became incredibly resourceful, never allowing the risk and uncertainty inherent to business capsize my dreams. My experience showed me how to use fear as a positive springboard rather than as a reason to throw in the towel.

The COVID-19 pandemic hasn’t been kind to the startup community. Nevertheless, plenty of entrepreneurs will come out on top when all is said and done. Those business leaders will have something in common: They’ll share an unwillingness to quit in the face of something out of their control. Read more at Addicted2Success.com.

How to Form Better Habits as an Entrepreneur

For better or worse, our habits define us and, if significant enough, can shape our future. The habits we practice every day, whether big or small, eventually add up as the sum total of our behavior. They impact our decisions, our actions and even our internal thoughts and feelings. Good habits can make us smarter, more physically fit and better at our jobs, while bad habits can make us stagnate — and possibly sabotage our own careers.

Accordingly, being able to positively change our habits (i.e., introducing new good habits and eliminating old bad habits) is one of the biggest keys to long-term success, no matter how you define that success. Of course, the issue here is that changing habits can be very difficult. Ingrained habits are ridiculously hard to stop; practicing a habit continuously reinforces it, making it harder and harder to break away from the pattern. And starting something new requires a surplus of focus, attention and willpower.

So how can you do it? How can you form better habits as an entrepreneur? Read more at Entrepreneur.com.

SUCCESS Magazine is back!

The newest issue of SUCCESS magazine hits newsstands today. On cover is none other than personal development legend, entrepreneur, best-selling author and philanthropist Tony Robbins! In this issue, Tony breaks down the surest path to financial independence and offers straightforward advice to the everyday investor. This is one you won’t want to miss. Click here to get your copy >> success.com/subscribe

Navigating the Four Stages of the Entrepreneur Journey

Independent people from all walks of life — everyday entrepreneurs — strive to make an impact on their world. This impact can be commercial, civic or creative, or all three. If you’re reading this, you’re a part of this community of like-minded individuals. You are sharing the path — a recognizable entrepreneur journey — with others around the corner and around the world.

We have identified four distinct stages of this entrepreneur journey that are similar worldwide, across industries, and bridging all types of ventures: Dream it, Create it, Grow it and Manage it. Read more at GoDaddy.com.

Asking for Help is Badass

A smart leader knows the skills it takes to get the job done. An even smarter leader knows when to ask for help.

Don’t get so caught up in your own ego that you can’t get help when the chips are on the table.

It doesn’t make you weak. In fact, it makes you strong as hell to identify WHEN you need help, get the RIGHT help, and IMPLEMENT IT when it comes.

Join the Lonely Entrepreneur Learning Community today as www.lonelyentrepreneur.com.

How to Discover and Unleash Your Strengths as an Entrepreneur

If you want to become a successful entrepreneur, you need to discover your strengths and give yourself every possible opportunity to leverage them each day. It goes without saying that you need to be damn good at what you do.

Taking the time to discover your strengths and focus on perfecting the skills that’ll help you become the best in your industry, becomes a very crucial decision point in every entrepreneur’s journey. Especially on the road to validating a business idea, getting the early traction and acquiring your first paying customers.

Through my interviews and experiences working with successful entrepreneurs, I’ve come to notice many remarkable similarities they tend to share in common.

They’re often ruthless when it comes to both opportunity management and time management, which very quickly become defining traits as an entrepreneur.

They know the importance of optimizing their lifestyle and doing their most challenging work at the time of day that best suits them.

They never give up and actively refuse to take no for an answer. Read more at Ryrob.com.

“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.” —Arnold Schwarzenegger

How Your Business Can Be Ahead of the Curve by Looking Backward and Thinking Forward

Looking back, the formation of many innovative companies began with change. The founders of Home Depot, the first big-box home improvement store, were fired from their local hardware store. One year later, the first two Home Depot stores opened in Atlanta, Ga. Groupon, a website that promotes companies by offering deals on their products and services to consumers, developed right in the middle of the 2008 recession. This company’s aim was two-fold: promote struggling companies’ products and ease the public’s financial burden with discounts. 

The point? Adversity inevitably brings change, and this trend of change spurring innovation is constantly recurring. Therefore, entrepreneurs and businesses should always think of how to turn today’s adversity into tomorrow’s bright star. Read more at Entrepreneur.com.

The Secret Weapon for Successful Entrepreneurs; 5 Must-read Books in 2021

Are you determined to get back on track this year no matter what? If so, you’re not alone. Many entrepreneurs faced unexpected hurdles in 2020 and had to evolve to survive. 

Now is the perfect time to remain flexible and open to new ideas so you can better position your business for success. One of the best ways to learn fresh, innovative ideas is to read books written by accomplished entrepreneurs. While your competitors are binge-watching the latest Netflix shows, why not stay one step ahead by reading books? Regardless if you want to build a startup or sell a mature business to the highest bidder, this curated list of must-read 2021 releases can help guide you during each stage of your entrepreneurial journey.

All of these books offer wise advice, practical strategies, and insightful stories that can make it easy for you to learn how to build a profitable, sustainable business. And remember, the most successful business owners never stop learning! Read more at Influencive.com.

We’re very excited to announce an addition to our digital family… the Acceler8Success Cafe Daily Podcast. Launching in June 2021, our new podcast will help current and aspiring entrepreneurs to start their day on the right foot in the time it takes to enjoy a cup of coffee or two. Guests will include some of the leading entrepreneurs in small business, restaurants & hospitality and franchising today. Stay tuned for more details!

Acceler8Success Cafe Tuesday 4.13.21

The Ultimate Entrepreneurial Checklist

In the U.S, 10% of the population comprises entrepreneurs. These statistics are no different worldwide. In Brazil, for example, the number of businesspersons is one in eight adults. Entrepreneurship encompasses all attempts at starting a new venture creation or business and expanding your current business as an individual or a team. It is a major contributor to a country’s economic well-being in terms of job creation and economic growth.

In the past, the four attributes that defined entrepreneurship were decision-making, initiative, innovation and risk-taking. Though these are still important, the entrepreneurship world is constantly changing. As such, you need the rights traits to break even as an entrepreneur in today’s cutthroat competitive business spheres.

Read more at Influencive.com for more including a checklist of what you need, while also keeping you on your toes and a step ahead of the competition.

3 Ways to Make Your Startup Feel Like a Booming Business

Being an entrepreneur is a hugely popular day dream. Well over 50% of people want to be their own bosses, according to a survey from Forbes. However, only 4% of those surveyed are actually entrepreneurs! Why is entrepreneurship such a popular dream that many cannot achieve?

The problem is, many people approach running a startup without a solid plan. They hear about the benefits of being able to set your own schedule, develop your dreams, and ignore the realities of setting up a small business.

As Richard Branson says, “To be successful you have to be out there, you have to hit the ground running.” Success will only come if you are well prepared for the daily challenges of entrepreneurship. You need to be organized, focused, and connected to achieve your goals. Read more at Addicted2Success.com.

A Message from Acceler8Success Founder, Paul Segreto

Change… Because Failure is not an Option

Like a ship at sea, a business should make directional changes in a long, sweeping manner. Conversely, although abrupt change in direction may create havoc, it may be deemed necessary by the captain and navigation team to avoid what may not be apparently visible on the surface to others on the ship, but is evident nonetheless through compilation of data and viewing radar. In any event, well thought-out plans, including contingency plans must be in place and acted upon to arrive safely at a specific destination within a certain time frame, and with available resources.

However, what happens when seas are rough, or when a storm is approaching, or when an engine shuts down? It’s then the captain’s responsibility to crew and passengers, and to the ship’s stakeholders to make any and all necessary changes to ensure all interests are protected. Thereafter, when the ship is safely docked, management must review the events that took place and explore options to ensure the same problems don’t reoccur. Management must identify ways to improve performance by developing strategy and executing on tactical plans to accomplish objectives at all required intervals – short, mid and long-term.

Change requires thought and planning. As does operating a successful business. As change occurs, many within the business are exposed to decisions that on the surface appear to be “drastic or severe” and are not understood and/or agreed upon. However, what is typically not realized are areas of weakness and vulnerability that must be addressed and with the utmost sense of urgency. In many cases there are common denominators across multiple areas of the business. Most will be directly attributable to reduction in sales. Some will adversely affect profitability.

Unfortunately, the economic woes of the past year continue to linger, compounding problems that may have actually started prior to the first lockdown in early 2020. Deficiencies, usually hidden by high sales levels are now standing out like sore thumbs. Accepting these facts while realizing limitations and shortcomings is vitally important, but knowing what and how to improve [and change] is required. Definitive action is paramount!

Change what needs to be changed. Prioritize changes that will make the most immediate impact. Grow into the changes that aren’t urgent. But, do it all within the time frame where challenges present themselves as survival may be dependent upon the same. Change, as unpopular as it might be, is necessary to recover AND to move forward. To this end, hard decisions must be made – with absolute conviction and without delay for the good of the business and ultimately, for all within the business. Yes, change is difficult. But so is failure, and failure is not an option!

How to work for yourself: A step-by-step guide

The first and most obvious step of working for yourself is knowing what you want to do. Although it’s not unheard of that people quit their job with no game plan and become a huge success, you’re going to perform a lot better if you know what you want to do ahead of time.

One of the best ways to figure out how you want to work for yourself is by looking at the things you already enjoy doing. Often, your big idea is going to start as a hobby or passion that you already have, whether that’s art, craft making, programming, etc.

These kinds of ideas make great startup ideas because even if things don’t work out, you’ll still have a lot of fun learning about and exploring a topic you’re passionate about. Read more at b12.io.

The Five Entrepreneurial Rules I live by

You don’t choose entrepreneurship; entrepreneurship chooses you. A great entrepreneur, by their very nature, is instinctive and instinct—when you listen to it—will always guide you in the right direction.

In my case, that gut instinct has always driven me to projects that I wanted to test and execute. Combined with this is an unquenchable sense of curiosity and a desire to prove myself. I love these ‘intellectual puzzles’, as I call them. This is exactly what entrepreneurship is about for me. It keeps life fresh and exciting. Moreover, it is actually a way of life in itself, and is something that defines who I am.

If I could highlight a few of the rules that I live by as an entrepreneur, I would first emphasize that while having a passion for what you do is necessary, it’s not enough on its own.

Neither is motivation enough by itself. It can expire quickly, and is also subject to mood, especially when the chips are down. As an entrepreneur, you have to be resilient because the harsh reality is that you will fail… many times over. Read more at TheLondonEconomic.com.

“Sometimes it (entrepreneurship) is a fine line between positive & negative thoughts, confidence & doubt, the road less traveled & the norm, being conservative & taking a risk, exhibiting caution & throwing caution to the wind… but I know I wouldn’t have it any other way!” – Paul Segreto, Founder, Acceler8Success

10 Personal Development Tips to Help You Love Your Small Business Life

Running a small business is hard work. But it can also be fun if you love what you do. Personal development is an important element of creating a successful, sustainable business. Use these tips from the online small business community to learn, grow, and love what you do.

Find joy in your business: Lots of entrepreneurs get into business because they love it. However, that feeling can sometimes fade through the years. If you want to build a sustainable company, it’s important to enjoy it at least somewhat. John Jantsch dives into this topic with Shani Godwin in this Duct Tape Marketing post and podcast.

Add fitness workouts into a busy life schedule: Taking care of your business requires a lot of time. But it’s important not to neglect your own personal health. Fitness is an important element of healthy work-life balance. Learn how to add fitness workouts in your busy schedule in this Aha!NOW post by Sarun Ravindrad. Then read what BizSugar members had to say about the concept… and read more at SmallBizTrends.com.

The Complete 35-Step Guide for Entrepreneurs Starting a Business

Starting a business entails understanding and dealing with many issues—legal, financing, sales and marketing, intellectual property protection, liability protection, human resources, and more. But interest in entrepreneurship is at an all-time high. And there have been spectacular success stories of early stage startups growing to be multi-billion-dollar companies, such as Uber, Facebook, WhatsApp, Airbnb, and many others.

Starting a business is a huge commitment. Entrepreneurs often fail to appreciate the significant amount of time, resources, and energy needed to start and grow a business.

Here are some of the biggest challenges to starting and growing a business:

  • Coming up with a great and unique product or service
  • Having a strong plan and vision for the business
  • Having sufficient capital and cash flow
  • Finding great employees
  • Firing bad employees quickly in a way that doesn’t result in legal liability
  • Working more than you expected
  • Not getting discouraged by rejections from customers
  • Managing your time efficiently
  • Maintaining a reasonable work/life balance
  • Knowing when to pivot your strategy
  • Maintaining the stamina to keep going even when it’s tough

Please visit AllBusiness.com for an overview of 35 key steps for entrepreneurs who are starting a business, with links to additional articles addressing some of the topics in more depth.

5 Small Business Strategies to Recover, Rebuild and Be Ready

We are living through a very uncertain time — from day to day it seems almost impossible to predict what will come next.

It’s easy to see that the rather dramatic occurrences in 2020 have impacted businesses of all sizes, and especially small businesses. One study of 5800 small businesses in the US pointed to the fact that smaller companies tend to be “financially fragile,” which only exacerbates the problems that face them during times of national crisis, for instance.

It’s impossible to fully predict what will happen in 2021 and beyond, but there are strategies that can help small businesses stabilize and grow. Learn five of them at Entrepreneur.com.

The Common Path to Uncommon Success Begins with an Idea

There are two mistakes people make when trying to identify their big idea. First, they believe their big idea can be something they are just passionate about. I love muffins! I’ll open a bakery! Second, they believe their big idea is something they just have expertise in. I know how to code; I’ll build websites! 

Your big idea is not either/or. It’s not something you are passionate about or something you have expertise in. It’s both. Your big idea needs to be a combination of your passions and your expertise.

Let’s look at scenario one, just passion. Having passion for your big idea is important. You need to be excited to work on your big idea every single day. However, if you just have passion and you’re not providing a needed solution to the world, your idea will not gain traction.

Every human is tuned into the same radio station: WIIFM, or, what’s in it for me? Sure, people will be happy you’re pursuing a passion, but unless they are going to benefit directly from your passion, they’ll never become a customer, you’ll never generate revenue, and your big idea will become nothing more than a hobby. Read more at Success.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.” – H. Jackson Brown Jr.

Acceler8Success Cafe Monday 4.12.21

10 Signs You’re Not Cut Out To Be An Entrepreneur

Statistics show that about 50% of small businesses fail within five years but that doesn’t necessarily mean that 50% of people who try aren’t cut out to be entrepreneurs. Nearly every successful entrepreneur has failed at some stage during their journey – from Bezo to Gates.

Clearly, failure is not an indicator of your capabilities. However, your reaction to failure certainly is – if you’re not ready to fail then you’re probably not ready to be an entrepreneur.

But even if you’re unfazed by failure, you may have other traits holding you back from startup success. With that said, here read more at Medium.com for ten signs you’re not cut out to be an entrepreneur.

21 Entrepreneurs Who Failed Big Before Becoming a Success

Failure is a part of business. Very few entrepreneurs ever make it big without first experiencing some massive failures. Whether it be running a business into the ground, getting fired from a job or even going to jail, plenty of very successful entrepreneurs have seen huge failures before ever accomplishing their dreams.

So if you ever feel worn down or intimidated by the thought of failing, just take a look at entrepreneurs who failed before making it big at SmallBizTrends.com.

A Message from Acceler8Success Founder, Paul Segreto

When Entrepreneurs Are Faced With Failure

Sometimes no matter how well we plan and how much effort we dedicate to something, we fall short of our goal and the end-result causes a variety of challenges and problems. Ultimately, it can adversely affect financial position, reputation, relationships, team spirit and much more. It can also start to spiral into personal life and affect family, health and overall well-being. Unfortunately, such situations are often perpetuated by denial by placing one own’s head in the sand.

Well, when our head is in the sand, our most vulnerable ass-et is sticking out in plain view. Some will laugh. Others will point and snicker, definitely telling others. And a few will take advantage of the situation and current position of vulnerability. Sadly, we put ourselves in that position. Not because we swung and missed. Not because we didn’t see the forest for the trees. And not because we just flat-out saw something that wasn’t there. Instead, it’s because we didn’t keep our head high, accept the situation, learn from it and move on, and with laser-focus. That is exactly what entrepreneurs do, and should do when faced with failure.

6 Reasons Why More Women Are Turning To Entrepreneurship

There are a lot of challenges that women are facing in the modern world. And it gets doubled when they try to break through the glass ceiling of male-centric stereotypes in the workplace. But you should know that you can’t achieve greatness with a small mind, and getting into an entrepreneurship journey is extremely rewarding.

Nowadays, women are taking the courage to excel and become the masters of this art. Recent studies show that more than 63% of women entrepreneurs are dependent on their business as their primary revenue source. This challenges the old stereotype that women only run lifestyle businesses for supplemental income, rather than as a primary source of income. Instead, today’s women are breaking this stereotype, and becoming good at it. 

It’s no surprise that more and more women are becoming more attracted to entrepreneurship, compared to traditional career paths. Visit Addicted2Success.com. to read about some of the reasons why women are turning their dreams into reality.

The entrepreneurial mindset that helped me grow my business

Six years ago, I left my career as a full-time attorney to open a pie bakery with my mom. I had never baked a pie in my life.

I know, right? Who makes that sort of decision?

Because I was naïve about entrepreneurship, I fully expected smooth sailing through calm seas as we ventured into world pie domination. I really believed that because my mom had some entrepreneurial experience and that because I practiced law, the world would watch as we slayed the pie market. 

Ahem. 

Spoiler alert: starting, managing, and growing a successful company is a million times harder than what most people expect. What I saw in my head was Meg Ryan in You’ve Got Mail. The reality was 90-hour work weeks and a tremendous time of personal, emotional, and mental health growth that felt mostly like an uphill battle. (Uphill both ways. In the snow.) 

Also, my hair never looked as cute as Meg’s. Not even once. And no one ever brought me a bouquet of freshly sharpened pencils. 

If you’re considering entrepreneurship – or if you’re already there and are struggling – Read about the two insights the author shares at Zapier.com.

The 32 Best Entrepreneur Books of All Time

Are you looking for advice on boosting your small business and improving your life?

We’ve compiled a list of the best books by renowned business leaders, novelists, and successful entrepreneurs, packed with practical advice on becoming an industry innovator and finding your passion through meaningful work. With these books, you too can build your own business and thrive.

We encourage you to find a local bookstore that offers delivery or curbside pickup. Check IndieBound if you truly don’t have local options, or consider purchasing from Bookshop, an online bookstore with a mission to financially support local, independent bookstores. Read more at Shopify.com.

Why “Quit Your Job” Is Terrible Advice For Entrepreneurs

All over the Internet, startup porn dictates you have to quit your job to be an effective entrepreneur. You can be your own boss. You can have flexibility. You can set your own rules.

I understand the mindset behind quitting your day job and not being tied down to your day job, but “quit your job” comes with a tremendous undercurrent of privilege. And it’s terrible advice.

The risks are likely self-explanatory. Your day job provides a safety net in terms of income and benefits, much more than your new startup or business can. Not only do you have a salary, but hopefully your job provides benefits and insurance. And what if the business fails? It’s a high risk, high reward venture to quit your job and pursue your passion and a life of entrepreneurship. Read more at EntrepreneursHandbook.co.

The pandemic has been an economic disaster for women. Some took advantage of it.

Since graduating from college in 2017, Tamika Scriven, who makes and wears her own wigs, has wanted to launch a business selling them.

While working at Macy’s downtown Brooklyn store as a counter manager for Bobbi Brown Cosmetics, Scriven found that customers frequently asked where she had gotten her wig. When Scriven told them she made it herself, they often wanted one, too. She decided to develop a business plan in her spare time and also began teaching courses on wigmaking. “I loved the intimacy of meeting with each person and working closely with them,” she says.

By last spring, Scriven, 32, was working at a software company, her plans for a wig business on hold. Then the coronavirus changed the economic landscape, and she watched co-workers — as well as her own mother — get laid off from their jobs. Read more at WashingtonPost.com.

Welcome to The Social Geek Radio Network.

Get in touch with your inner geek. Jack Monson and many special guests discuss social media and digital marketing trends for brands, small businesses, and franchises. 

Social Geek Radio was listed as one of 20 Best Business Podcasts according to Emerge and was named to the Best Small Business Podcasts by FitSmallBusiness.com. Recently, Social Geek Radio finally made the Top 25 podcasts in the Marketing category of Apple Podcasts / iTunes.

Listen, download, subscribe to Social Geek Radio!

Acceler8Success Cafe Friday 4.9.21

The Critical Thing Entrepreneurs Rarely Consider…Until It’s too Late

You may have heard the phrase, “Starting something is not as important as finishing it.”

This axiom holds true for virtually every element of life – whether it’s physical, emotional, spiritual, personal or professional. 

However, “finishing” is one of the last things that entrepreneurs and business founders consider when starting a business and running it. They typically don’t give much thought to succession planning until they’re ready to retire.

In fact, a study conducted by Wilmington Trust found that nearly 60 percent of privately held businesses have not even considered succession planning. Additionally, a statistic from Wisconsin-based estate planning firm, the Walny Legal Group, found that 60-70 percent of small business owners want to pass their operations on to their progeny, but less than 15 percent ever do. Read more at Entrepreneur.com.

A Message from Acceler8Success Founder, Paul Segreto

Entrepreneurs and Mental Health: Awareness and Action is a Must!

Some, but not nearly enough has been written about entrepreneurship and mental health. Loneliness and depression, continue to occur within the ranks of entrepreneurs at an increasing rate and although failure (or fear of failure) may be a driving force it’s often not the sole deciding factor.

Is it the quest for perfection? Is it a blinding passion that nothing else is visible? Or, a control issue where no one can do it better so it’s dealt with alone?

Michael Dermer has written a great book, The Lonely Entrepreneur and has developed a membership site that is a great resource for entrepreneurs.

Strategic Coach has developed a great program for entrepreneurs. There are others, as well.

But are current efforts enough to slow down the alarming rate of suicide among entrepreneurs? As successful as they were, what were deciding factors leading to the suicides of Anthony Bourdain and Kate Spade?

This is a topic that must be brought front and center as we continue to grow as an entrepreneurial society* with approximately 60% of the labor force in some type of self-sustaining endeavor whether it’d be as freelancers, sole practitioners, professional service providers, contractors, solopreneurs, etc.

I look forward to thoughts on this with hope the discussion continues. Thanks.

Entrepreneurial Society

While the previous generation had an average of four employers over the course of their lifetimes, the current generation will hold an average of four different jobs by the time they reach 30. One of their employers will be either someone they know or they will be self-employed. Over two-thirds of US college students will be their own boss at some point in their lifetime. Entrepreneurship is good, but not just for individuals. It is also the link to growth, jobs, and competitiveness in a global economy. The too often missing link in communities, cities, states, and entire countries plagued by rising unemployment and stagnation is entrepreneurship.

Entrepreneurship saved the United States from going under in a sea of imports flooding in from Japan and Europe. It has also emerged as the positive and proactive response to globalization. In the leading developed economies, globalization and technology have triggered a shift away from traditional capital towards knowledge. This book argues that the entrepreneurial economy is the strategic response to this shift. It aims to provide an understanding and interpretation of the emergence of entrepreneurship policy. Visit Oxford.universitypressscholarship.com to order the book, Entrepreneurial Society by David B. Audretsch.

39 Entrepreneur Statistics You Need to Know in 2021

Small businesses and ambitious enterprises are at the heart of every industry. Not only do they immensely contribute to the overall revenue of a country, but they also have a beneficial effect on the workers themselves. 

Employees who decide to make the switch and become independent employers feel more fulfilled and motivated to work. There are a lot of inspirational entrepreneur statistics out there that show us the US is still the best place in the world to become your own boss and start something new.

Now, young entrepreneurs are mostly concerned about the risks that come with new businesses, including funding, staff, and success rate. Indeed, a large number of business owners rely on loans to keep the company operational and often have to use their personal funds to tie some loose ends. Read more at SmallBusinessgenius.net.

Perceptions of barriers may keep budding entrepreneurs from building businesses

Teaching people to become entrepreneurs requires more than just passing on entrepreneurial skills, according to a team of Penn State Berks-led researchers. Would-be entrepreneurs also need to understand—and negotiate—the barriers that they might face.

In a study, researchers built a multidimensional model to measure the effectiveness of entrepreneurship education. The model not only includes teaching entrepreneurial skills, but also addresses the students’ intentions to start a business and their perceptions of the barriers they might encounter when starting a business.

“There are a lot of studies in the literature that focus on, for example, how entrepreneurship education influences the students’ competence in starting a business,” said Abdullah Konak, professor of information sciences and technology. “But, our model does not look at it from one perspective. We look at it from three perspectives—competencies, intentions and barriers. What we found was that entrepreneurship education helps to increase the students’ skills. If those skills help to reduce the barriers, then it increases their intentions to start a business.” Read more at phys.org.

Money and Entrepreneurship: Making the Connection

When you’re an entrepreneur, you’re going to hit rock bottom. But there is a way you can control just how low you go. Being able to build a successful business requires thought that goes beyond just the initial start-up, and you’ve got to be prepared to take the punches the business world might throw at you.  

Take it from James Altucher, our recent guest on Making Bank. A podcast host, Altucher used to be a serial entrepreneur and had a lot of skin in the business game. However, he lost it all in the late ’90s. In a matter of months, he built himself back up and started a new approach to his life. This has led to his success, but more importantly, his happiness. Learn about some of the most important things he’s learned when it comes to money and business. Read more at Influencive.com.

Ask The Entrepreneurs: 16 Ways to Master Your Work-Life Balance as an Entrepreneur

Ask The Entrepreneurs is a regular series where members of those involved in the Young Entrepreneur Council are asked a single question that aims to help Lifehack readers level up their own lives, whether in a area of management, communication, business or life in general.

Read more in this edition of Ask The Entrepreneurs at Lifehack.org.

What do you think entrepreneurs do on weekends?

Finding work-life balance is so incredibly important, especially when you’re a one-woman or one-man show. Amazingly enough, when you do find it, things seem to turn out to be a lot easier. You start to pick-up new ideas and link older ones together, eventually becoming highly valuable to your clients and customers. Read more at EverydayPower.com.

Connecting the Right Brands, People & Opportunities!

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. Group services include:

  • Entrepreneur & Leadership Coaching
  • Management Consulting
  • Small Business Consulting
  • Franchise Consulting
  • Restaurant Consulting
  • International Business Development Consulting
  • Business & Product Brokerage
  • Social Media & Digital Marketing Coaching & Consulting

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. Learn more at Acceler8Success.com.