The Power of Being an Entrepreneur Without a Paycheck
If you have small or nonexistent income, you are probably a new entrepreneur still in shock over the loss of your paycheck, or your business has launched but is in lean times. Or, perhaps you’ve established your idea but need to tighten up to grow. You are not alone, as most entrepreneurs have been here. Independent...
Creating a Generation of Female Role Models in Entrepreneurship
Do you often feel that there aren’t enough role models to help you see what you can be? If you answered yes to this question, I’m guessing you may be an entrepreneur, and most likely, a woman in entrepreneurship. Calling all role models Women consistently state that lack of female role models is a core...
Financial Skills: Actually, There is Accounting for Success
Money is at the top of the list of tough stuff for most entrepreneurs. When a business issue (versus a personal issue) is the core reason for failure, 65 percent of the time it is due to financial mismanagement. If you hold yourself fully accountable, money doesn’t have to be one of your tough topics....
Successful Hiring Must Prioritize Traits That Can’t Be Taught
How many times have you hired someone who checked all the boxes, interviewed well, seemed to have potential for a bright career, but turned out to be an unsuccessful hire? We all have, even with great HR teams in tow. Hiring that produces fit and fulfillment for the employee also produces loyalty, strong productivity and...
Tackling What’s Next: Are You Ready to Exit Your Business?
Exit strategy. A noun that could become a verb and conjures up both excitement and paralysis for entrepreneurs. Developing potential exit strategies can generate swells of pride if your business has achievements that allow you to craft a desirable list: impact, scale, leadership, growth, profitability, stability and value. The exercise also produces fear that you may never be able...
Why Creating a Company of Owners is Smart Business
A company of owners is a company of engaged individuals. Company culture has been an increasingly important focus of startup businesses over the last decade. In fact, a study led by Columbia Business School showed that more than 50 percent of survey respondents felt that corporate culture has an influence on productivity, creativity, profitability, firm...
Taking Small Steps is the Key to Success in Entrepreneurship
“One small step for a man, one giant leap for mankind.” When Neil Armstrong walked on the moon and spoke these words, it was transformative. It was anything but “one” or “small.” Executing that first successful U.S. mission to the moon was composed of thousands, and maybe even millions, of small steps and victories. A...
Learn to Seize Opportunity in Entrepreneurship Today
What do you see in the status of entrepreneurship today? Most people do not know that entrepreneurship has been declining for nearly three decades, meaning that the percent of adults in the U.S. that start new businesses each year has been shrinking. In 2015, we experienced an increase, which is a very good sign. However,...
How to Grow Financial Skill to Grow Financial Capital
No sugar coating, let’s start with tough talk A study of 2,500 entrepreneurial companies, conducted by Xero, found that 65 percent of business failures are due to financial mismanagement. Financial knowledge and accountability is a critical responsibility of every startup founder for success. Yet when it comes to financial matters, too many entrepreneurs make erroneous...
Why Confidence is Crucial to Your Success
Successful entrepreneurs all have something big in common: courage! According to the Hiscox American Courage Index, business owners show a higher level of courage than the general population, and for good reason. It takes confidence to persist in the face of ambiguity and failure. High confidence is a crucial element in thinking big. Part of that...
All In: If You’re Not Thinking Big, You’re Thinking Small
"All In" is a valuable tool for crafting your professional and personal roadmap to entrepreneurial success. It offers research-based information, case studies and transparent insights from my 20-year journey, from startup to scale to a $55 million acquisition. It delivers business strategies, life strategies and recommended next steps at every stage of the journey and...