A common misconception among many is that every entrepreneur can be a CEO. It’s not necessarily true. Every entrepreneur does not have the makings to be CEO…and vice versa. When you launch a business, you become an entrepreneur. But the role of the CEO comes into play once the business grows in size with more parties coming on board. To determine whether you identify yourself as an entrepreneur…
Plenty of people have become self-made millionaires. But how did they do it? Did you know that 68% of millionaires — with at least a net total of $30 million — were self-made, according to a 2019 study by Wealth-X? A self-made millionaire, let alone a young one, tends to do things a little differently from the rest of us. Researchers who have studied them over the course…
What motivates you? What motivates the founders of any successful business? Turns out both of you very likely have a lot in common. What motivates a young entrepreneur? Most seem to be driven by desires such as wealth and power. However, a successful and satisfied entrepreneur is one that focuses on positive outcomes that benefit all and not just themselves. Below are some motivations that most founders, even…
There’s hardly anyone who hasn’t heard about Elon Musk. Indeed, the guy is a visionary and one of the greatest entrepreneurial innovators in the current times. There’s so much he has achieved, and he shows no signs of stopping anytime soon. Yes, everyone has their unique journey, but Elon Musk is an inspiration. His astounding success took the world by surprise. It wasn’t long before he joined the…
You’ve put in the effort, achieved some significant objectives and surpassed expectations, but now you’re encountering leadership challenges. You made it happen. You’ve put in the effort and today you’re a leader in your company. While your position confers respect and allows you to make an effect, it is not without its drawbacks. Sadly, leadership challenges are part and parcel of achieving success. CEO leadership is a daily…
The success of any startup is generally measured by the business’s growth or profit margins. There’s no doubt that both are key to long-term business sustainability. However, it’s actually the company’s beliefs and commitment to core values that make all the difference. These values serve as the prime motivation behind all business operations. In other words, without a clear set of goals and passion for one’s work, it’s…
Every business has its own unique structure, goals, and processes. However, if you study the most successful companies in your space, you’ll almost always find that they have more flexibility and versatility than the rest. What is a nimble business? Have you ever noticed that it’s the small startups with limited resources that tend to create more change than massive corporations worth billions of dollars? That’s kind of…
Growth and profitability aren’t nearly as mysterious as many believe. The key, as many will tell you, is to work smarter, not harder. Running a business is an exhilarating and exciting endeavor, but it also comes bundled with its challenges. Ensuring your company is constantly growing and expanding is certainly one of the key challenges for any business owner. In many cases, business growth can seem painfully slow.…
Overwhelmingly, recent advances in technology have played a huge role in empowering businesses for the better. Thanks to some pervasive, robust e-commerce trends, our entire landscape has been transformed. Not only that, these newer trends have helped improve the overall shopping experience of nearly every target market. E-commerce today is powered in large part by the convenience that comes with having products delivered to our doorstep. No small…
Referral programs have arguably made the jump from nice-to-have to must-have. They are one of the most trusted marketing approaches in use by businesses today. Not only do they increase potential clients but they also help maintain customer loyalty. Ever heard of the principle of reciprocity? The one that says you must give to receive? It remains relevant today even in online businesses. But what does it really mean?…
