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entrepreneurship

4 Things to Consider When Acquiring Another Business

by / ⠀Entrepreneurship / July 26, 2019

When you own a business, the simple act of acquiring another small business is often one of the smartest investments you can make. Not only does it provide an opportunity for an additional stream of revenue, but it can also yield advantages in areas like taxes, accounting, and resource maximization. But business acquisitions are rarely easy or straightforward. Things can get messy, and it’s important to do your…

How to Invest for Your Retirement as a Business Owner

by / ⠀Entrepreneurship / July 18, 2019

Many entrepreneurs start their businesses because they genuinely like what they’re doing. But even if that’s the case, eventually, you’ll need to think about retirement. You can’t keep working forever; at some point, you’ll want to take things easy (and hopefully have enough money to live comfortably). With Social Security running out of money, and no higher-up employer to provide you with retirement benefits directly, it’s all on…

How to End a Business Partnership on Good Terms

by / ⠀Entrepreneurship Startup Advice / May 28, 2019
Departing good terms is always a good idea when it comes to business partnerships.

Every business partnership has ups and downs. Usually, the lowlands and peaks balance each other out. When the valleys become the status quo, however, it may be time to dissolve the partnership. The good news for partners in this predicament is that there are always other entrepreneurial fish in the sea; you can even use a dating app to find them. In the meantime, though, you have to…

4 Automation Tools That Won’t Break the Bank for Small Businesses

by / ⠀Startup Advice / April 2, 2019
Automation can make or break a small business — but not necessarily its budget

When you hear the word “automation,” what do you picture? A self-driving car? A factory free of human workers? In reality, those applications represent an exceptionally small share of small business automation. The production and operation functions are actually the two least automated functions, according to a QuickBooks study released last April. So what are small business leaders automating? Among the 66 percent of those using automation tools, most…

Room to Grow: The Advantage of Co-working Spaces for Entrepreneurs

by / ⠀Entrepreneurship / March 28, 2019
Can co-working help you sidestep problems?

Co-working is growing in popularity — even major companies are claiming office space in these centrally located and shared spaces. For entrepreneurs, though, co-working spaces are about more than just convenience; these community offices solve a number of the major challenges that independent businesses face. By moving work to a shared space, entrepreneurs cut costs, build connections, and create conditions that allow them to scale up as needed,…

Big Business Strategies That Small Companies Can Emulate

by / ⠀Entrepreneurship Startup Advice / March 26, 2019
Some strategies benefit businesses of all sizes

Big businesses are big for a reason — they’re getting something right, usually when it counts the most. Moreover, they’ve already found their footing after making it through the early days of uncertainty and instability. That successful leadership journey alone counts as an invaluable lesson for smaller business owners. You can learn a lot by studying exactly what big businesses have done right, even if their circumstances might…

How to Lead When Leading With Purpose Is Hard

by / ⠀Entrepreneurship / February 20, 2019
Purpose-driven companies need purpose-driven leadership.

Marketers tend to make a big deal out of terms like “purpose” and “authenticity.” Why? Because research findings, survey results, and numerous other studies indicate that these things matter to customers. Brands that exist beyond mere profit — and can communicate that purpose clearly — tend to succeed. On the other hand, those that behave in a way that doesn’t match their message are penalized by consumers. They’re…

How I Pitched Mark Cuban My Business Idea Without Ever Going on ‘Shark Tank’

by / ⠀Blog / August 8, 2016

Back in late 2011, I got the opportunity to pitch Mark Cuban. I was just a student at the time, at Howard University, and cofounder of a company — no longer existent — called My College Hustle, a bartering platform for college students. Hoping to grab a $25,000 prize, my business partner Edward Lyles and I participated in a Shark Tank-style competition, in New York, that actually predated…

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