40% of businesses fail within the first three years, 65.8% within 10 years, and nearly 80% within 20 years. If you are getting ready to start your own business or you are in your first year, you are probably equal parts excited and nervous. The journey of entrepreneurship is a rollercoaster ride filled with ups … Read more
The entrepreneurial journey is exhilarating, brimming with possibilities and the thrill of creating something new. However, the path to success is rarely smooth. New business owners face a constant barrage of challenges – from crafting a watertight business plan to navigating the complexities of finance and team management. In this competitive landscape, having the right … Read more
Financial illiteracy is the monster lurking in every entrepreneur’s closet. It can cause damage on your finances, but for small business owners, it can be the difference between booming growth and a heartbreaking shutdown. Did you know a whopping 52% of American adults, according to the 2023 P-Fin Index, struggle with basic financial management? That … Read more
It is no secret that entrepreneurship requires effective time management. Entrepreneurs must prioritize work, distribute resources efficiently, and strike a balance between their business and personal life. A 2023 poll indicated that approximately 84% of entrepreneurs work more than 40 hours per week, emphasizing the importance of effective time management in preventing burnout and ensuring … Read more
As an entrepreneur, you pour your heart and soul into building something from the ground up and watch your dream take shape. But in the whirlwind of late nights and strategic planning, families can sometimes get pushed to the sidelines. A recent survey shed light on the reality faced by many entrepreneurs: long hours and … Read more
Networking transcends being a mere buzzword to become a major element of entrepreneurial success. It’s the art and science of forging meaningful connections that not only open doors to new opportunities but also provide valuable insights and foster enduring professional relationships. Studies underscore the importance of networking, with a report revealing that it is responsible … Read more
In entrepreneurship, when uncertainty and obstacles abound, faith may serve as a guiding light, shaping the path and providing a greater sense of purpose to the organization. Integrating spirituality into your entrepreneurial pursuits might result in a more gratifying and spiritually enriching experience. This blog examines the link between faith and entrepreneurship and provides insights … Read more
For many female entrepreneurs, the path to building a successful business can feel like an uphill battle. Statistics show a significant gender gap in established businesses, with women making up a smaller portion of long-term business owners. Even in the exciting world of startups, women entrepreneurs are less common. But here’s the inspiration: despite these … Read more
Being ‘environmentally friendly’ is not just a trend anymore, it’s an essential element of business success nowadays. At first, it may be daunting to turn the sustainability switch, but the benefits are truly undeniable. A whopping 59% of companies embraced sustainable business practices in 2023, but why? It’s not only about saving the environment, but … Read more
The fire in every entrepreneur’s belly starts with a vision. It’s that spark of an idea, a yearning to solve a problem, or a desire to create something entirely new. But a powerful vision alone isn’t enough. It needs nurturing, refining, and most importantly, empowering. Studies by the Global Entrepreneurship Monitor consistently show that vision-driven … Read more