You run a business. That means you’re focused on making money—and not missing opportunities to make more money. No one is perfect 100 percent of the time. We all miss opportunities and make mistakes. But your livelihood—and the livelihoods of those who work for you—depends on your ability to optimize the bottom line and avoid […]
For an entrepreneur to succeed, they need the right mindset, skills, and ability to execute their ideas. The challenge is, skills and experience can only take you so far. That’s where a coach for entrepreneurs can close the gap. Here are four questions to ask to see if working with a business coach is right for you.
Strategic planning is essential for your company’s success, especially in a highly volatile economy. Here’s why and how to get started.
Building your business’s market value benefits you, your employees, and your clients, even if you don’t plan on selling. Here’s how.
It really is possible for business owners to build a self-scaling company without their constant involvement. Here’s how.
Most leaders are born problem solvers. But if we’re not careful, we misdiagnose most problems. Here are 3 elements that help you solve any business issue.
Entrepreneurial success is more about mindset than position. Here are 8 traits of the entrepreneurial mindset essential to long-term success.
If you’ve recently made the switch to remote work, you’re not alone. At least a quarter of U.S. employees worked from home at least part of the time before the Covid-19 crisis. An estimated 16 million U.S. knowledge workers started working remotely due to Covid-19 as of March 2020. That number has likely continued to […]
I recently had lunch with a young entrepreneur. His business had grown quickly, and, as a result, he was facing challenges he’d never encountered before. He said, “I think I need a business coach—someone who can help me navigate the road ahead. Can you recommend someone?” I get asked this question a lot. Running a […]
Business leaders are asking one question right now: How can my business survive the economic upheaval generated by the COVID-19 crisis? The way to do that is to help the economy keep moving. And the way to do that is to keep providing value that customers are willing to pay for. To be frank, not […]
It’s no secret that entrepreneurship is a difficult path, with many pitfalls along the way. According to Merriam-Webster, the very definition of an entrepreneur is someone who “assumes the risks of a business or enterprise.” There’s no magic solution that’s going to remove that risk or guarantee your business will succeed. When you set out […]
If there’s one thing most entrepreneurs don’t lack, it’s ideas. I dream up new products and businesses every week. You’re probably the same way. The problem is lots of ideas aren’t worth pursuing, are they? One major facepalm for me was when we launched the Best Year Ever Leaders Edition last year. Best Year Ever […]
Sometimes the best things that happen to us come totally out of the blue. We don’t plan them, seek them, or try to make them happen. They just show up. So how do we make the most of these happy accidents? One of my team members was telling me about a biography of the essayist […]
If you’ve ever worked in retail—and even if you haven’t—you’ve probably heard the phrase, “the customer is always right.” But just because you’ve heard it doesn’t make it true. My daughter Megan enjoys the BBC show, Mr. Selfridge, about pioneering retailer Jeremy Selfridge. Supposedly, he was one of the people to popularize the phrase that […]
At the end of the day, we are all entrepreneurs, aren’t we? If you have something to say, you probably have something to sell. But how do you make sure you launch successfully? Maybe you’re new to launching and are unsure about best way. Maybe you’ve tried it before and failed. Meanwhile, you’re watching others […]
Many of you know I have five daughters. I like to joke that I live in an estrogen-rich environment. Like any group of siblings, they all have ways in which they’re very different and ways in which they’re very similar. One way my daughters are all alike is that they’re very entrepreneurial. Is that a […]
If you’re an entrepreneur at heart like me, it’s tempting to wear every hat in the business. This is especially true if you’re cursed with being halfway good at all those jobs. That’s not a compliment, by the way. I should emphasize the word cursed. Think of it this way: Would you intentionally hire someone […]
Exercise used to be the last thing on my mind. Now it’s a regular part of my life, and I can’t imagine missing the benefits—especially as an entrepreneur. Most adults don’t get the regular exercise they need, according to the CDC. As a high-achiever, I totally get it. Carving out time to run or strength […]
If I had a dollar for every time people asked my wife, Gail, how she lives with an entrepreneur, I wouldn’t have to be one. Scratch that. I would probably figure out how to get more people to ask the question. (Sorry, I can’t help myself!) Being an entrepreneur is part of who I am. […]
When I think of an entrepreneur, I think of someone forward-thinking, creative, energetic, and relentless. I also think of someone forty and up. What? Our stereotypes don’t run that direction, do they? We’re more likely to think of Bill Gates or Mark Zuckerberg dropping out of college than someone who graduated twenty years before and […]
Before you launch your product, service, or cause, you need “an elevator pitch.” Here are three reasons why and four components it should include.