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Tag: Entrepreneurship

  • The Entrepreneurial Journey That Led to the Creation and Rapid Rise of Xperience CBD – Medical Marijuana Program Connection

    The Entrepreneurial Journey That Led to the Creation and Rapid Rise of Xperience CBD – Medical Marijuana Program Connection

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    January 27, 2024

     

    On the latest segment of “PowerUp with Manal,” host Manal Keen sat down with Akash Arora, the spirited founder and CEO of Xperience CBD. The two examined the burgeoning world of holistic health, along with the swift and remarkable journey of Xperience CBD, a company born out of a personal quest for pain relief and transformed into a thriving business in under two months.

    Arora talks about his goals as a visionary entrepreneur who, driven by his passion for sports and holistic well-being, crafted a successful business in an astonishingly short period. The conversation explores his personal story, the inception of Xperience CBD, and the remarkable growth trajectory of the company. With anecdotes of personal transformation, overcoming obstacles, and the relentless pursuit of a dream, this episode’s discussion stands to highlight the power of determination and the spirit of entrepreneurship. Listeners will be treated to an inspiring journey from the birth of an idea to the successful launch and rapid expansion of a business that is not just making waves in the market but also leaving a profound impact on…

    Original Author Link click here to read complete story..

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    MMP News Author

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  • Some mosquitoes like it hot

    Some mosquitoes like it hot

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    Newswise — Certain populations of mosquitoes are more heat tolerant and better equipped to survive heat waves than others, according to new research from Washington University in St. Louis.

    This is bad news in a world where vector-borne diseases are an increasingly global health concern. Most models that scientists use to estimate vector-borne disease risk currently assume that mosquito heat tolerances do not vary. As a result, these models may underestimate mosquitoes’ ability to spread diseases in a warming world.

    Researchers led by Katie M. Westby, a senior scientist at Tyson Research Center, Washington University’s environmental field station, conducted a new study that measured the critical thermal maximum (CTmax), an organism’s upper thermal tolerance limit, of eight populations of the globally invasive tiger mosquito, Aedes albopictus. The tiger mosquito is a known vector for many viruses including West Nile, chikungunya and dengue.

    “We found significant differences across populations for both adults and larvae, and these differences were more pronounced for adults,” Westby said. The new study is published Jan. 8 in Frontiers in Ecology and Evolution.

    Westby’s team sampled mosquitoes from eight different populations spanning four climate zones across the eastern United States, including mosquitoes from locations in New Orleans; St. Augustine, Fla.; Huntsville, Ala.; Stillwater, Okla.; St. Louis; Urbana, Ill.; College Park, Md.; and Allegheny County, Pa.

    The scientists collected eggs in the wild and raised larvae from the different geographic locations to adult stages in the lab, tending the mosquito populations separately as they continued to breed and grow. The scientists then used adults and larvae from subsequent generations of these captive-raised mosquitoes in trials to determine CTmax values, ramping up air and water temperatures at a rate of 1 degree Celsius per minute using established research protocols.

    The team then tested the relationship between climatic variables measured near each population source and the CTmax of adults and larvae. The scientists found significant differences among the mosquito populations.

    The differences did not appear to follow a simple latitudinal or temperature-dependent pattern, but there were some important trends. Mosquito populations from locations with higher precipitation had higher CTmax values. Overall, the results reveal that mean and maximum seasonal temperatures, relative humidity and annual precipitation may all be important climatic factors in determining CTmax.

    “Larvae had significantly higher thermal limits than adults, and this likely results from different selection pressures for terrestrial adults and aquatic larvae,” said Benjamin Orlinick, first author of the paper and a former undergraduate research fellow at Tyson Research Center. “It appears that adult Ae. albopictus are experiencing temperatures closer to their CTmax than larvae, possibly explaining why there are more differences among adult populations.”

    “The overall trend is for increased heat tolerance with increasing precipitation,” Westby said. “It could be that wetter climates allow mosquitoes to endure hotter temperatures due to decreases in desiccation, as humidity and temperature are known to interact and influence mosquito survival.”

    Little is known about how different vector populations, like those of this kind of mosquito, are adapted to their local climate, nor the potential for vectors to adapt to a rapidly changing climate. This study is one of the few to consider the upper limits of survivability in high temperatures — akin to heat waves — as opposed to the limits imposed by cold winters.

    “Standing genetic variation in heat tolerance is necessary for organisms to adapt to higher temperatures,” Westby said. “That’s why it was important for us to experimentally determine if this mosquito exhibits variation before we can begin to test how, or if, it will adapt to a warmer world.”

    Future research in the lab aims to determine the upper limits that mosquitoes will seek out hosts for blood meals in the field, where they spend the hottest parts of the day when temperatures get above those thresholds, and if they are already adapting to higher temperatures. “Determining this is key to understanding how climate change will impact disease transmission in the real world,” Westby said. “Mosquitoes in the wild experience fluctuating daily temperatures and humidity that we cannot fully replicate in the lab.”

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    Washington University in St. Louis

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  • Andrew Yang Fast Facts | CNN Politics

    Andrew Yang Fast Facts | CNN Politics

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    CNN
     — 

    Here is a look at the life of Andrew Yang, entrepreneur and former 2020 Democratic presidential candidate.

    Birth date: January 13, 1975

    Birth place: Schenectady, New York

    Birth name: Andrew M. Yang

    Father: Kei-Hsiung Yang, researcher at IBM and GE

    Mother: Nancy L. Yang, systems administrator

    Marriage: Evelyn (Lu) Yang (2011-present)

    Children: Two sons

    Education: Brown University, B.A. in Economics, 1996; J.D. Columbia University School of Law, 1999

    Religion: Protestant

    His parents are originally from Taiwan.

    The primary proposal for his political platform was the idea of universal basic income (UBI). This “Freedom Dividend” would have provided every citizen with $1,000 a month, or $12,000 a year.

    Yang established Freedom Dividend, a pilot program to push for universal basic income, in which he personally funds monthly cash payments.

    Is featured in the 2016 documentary, “Generation Startup.”

    His campaign slogan was “MATH,” or “Make America Think Harder.”

    In 1992, he traveled to London as a member of the US National Debate Team.

    After graduating from Columbia, Yang practiced law for a short time before changing his career focus to start-ups and entrepreneurship.

    2002-2005Vice president of a healthcare start-up.

    2006-2011Managing director, then CEO, of Manhattan Prep, a test-prep company.

    2009Kaplan buys Manhattan Prep for more than $10 million.

    September 2011 Founds Venture for America, a non-profit which connects recent college graduates with start-ups. Leaves the company in 2017.

    2012 Is recognized by President Barack Obama as a “Champion of Change.”

    April 2012Ranks No. 27 on Fast Company’s list of 100 Most Creative People in Business.

    February 4, 2014 His book, “Smart People Should Build Things: How to Restore Our Culture of Achievement, Build a Path for Entrepreneurs, and Create New Jobs in America,” is published.

    May 11, 2015Obama names Yang an ambassador for global entrepreneurship.

    November 6, 2017 Files FEC paperwork for a 2020 presidential run.

    February 2, 2018Announces his run for president via YouTube and Twitter.

    April 3, 2018His book, “The War on Normal People,” is published.

    March 2019 Yang explores the possibility of using a 3D hologram to be able to campaign remotely in two or three places at once.

    January 4, 2020 – Launches a write-in campaign for the Ohio Democratic primary in March of 2020 after failing to fully comply with the state’s ballot access laws.

    February 11, 2020 – In New Hampshire, Yang suspends his presidential campaign.

    February 19, 2020 – CNN announces that Yang will be joining the network as a political commentator.

    March 5, 2020 – Launches Humanity Forward, a nonprofit group that will “endorse and provide resources to political candidates who embrace Universal Basic Income, human-centered capitalism and other aligned policies at every level,” according to its website. Yang also announces that he will launch a podcast.

    December 23, 2020 – Files paperwork to participate in New York’s 2021 mayoral race, according to city records.

    January 13, 2021 – Yang announces his candidacy for New York City mayor.

    June 22, 2021 Yang concedes the New York City mayoral race.

    October 4, 2021 – Yang announces in a blog post that he is “breaking up” with the Democratic Party and has registered as an independent

    July 27, 2022 – Yang, along with former New Jersey Gov. Christine Todd Whitman, and a group of former Republican and Democratic officials form a new political party called Forward.

    September 12, 2023 – Yang’s political thriller “The Last Election,” co-written with Stephen Marche, is published.

    2020 hopeful wants holograms to campaign in multiple cities

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  • What You Must Focus on to Achieve True Entrepreneurial Success | Entrepreneur

    What You Must Focus on to Achieve True Entrepreneurial Success | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In my 35-year career spanning pivotal roles, including CEO, chairman, investment banker, founder, board member and investor, I’ve learned firsthand about entrepreneurial triumphs, where success is often measured by financial milestones.

    My experiences in orchestrating successful IPOs, financings and M&A transactions have shaped my perspective on what it truly means to succeed, which I continually redefine as I evolve over the years — an insight I’m eager to share with fellow entrepreneurs and CEOs.

    Related: ROI Isn’t Everything — Don’t Overlook These 6 ‘Immeasurable’ Metrics That Define Business Success

    Understanding entrepreneurial success

    Embarking on the entrepreneurial journey is a profound expedition, transcending traditional notions of success. Beyond financial metrics, success involves nuanced and evolving concepts — leadership, personal satisfaction and a sustainable vision. Success is not just about revenue growth, profitability and KPIs, or about how much money you earn, the valuation of your business or your perceived popularity. Rather it’s about a journey beyond balance sheets — embracing fulfillment and impact that weaves through your entrepreneurial career.

    Metrics beyond money: Measuring success holistically

    In the pursuit of entrepreneurial excellence, success must transcend traditional metrics, extending into areas like customer satisfaction, team culture and personal growth. As a globally embedded entrepreneur, I’ve come to understand these non-financial metrics as pillars supporting a comprehensive and sustainable definition of success.

    Shifting from a transaction-driven to a value-driven approach can profoundly transform the entrepreneurial landscape. For me, this shift has meant prioritizing long-term strategic actions with clients and stakeholders over short-term financial gains. Instead of focusing solely on immediate profitability, I evaluate success based on sustained growth, innovation and ethical standards. This approach not only enhances my brand reputation and integrity but also ensures a more significant and lasting impact. By adopting this value-driven perspective, success becomes a more meaningful pursuit, aligning with deeper business ethics and long-term vision.

    Similarly, team culture, another success metric often overlooked, is the heartbeat of any successful venture. Leading your team through the shift from CEO to industry expert and mentor involves guiding them with your accumulated wisdom, fostering an environment of continual learning, and encouraging them to innovate and think strategically. Personal growth, as an entrepreneur and leader, is a compass guiding the entrepreneurial journey and must form the foundation of your pursuits. A CEO with no desire for personal growth and merely seeking financial success is a vacuum. In contrast, the deep desire for personal growth is not only a professional evolution but a personal one marked by continuous learning, adaptability and unwavering commitment to growth.

    It’s time for entrepreneurs to begin viewing success as a dynamic journey. The entrepreneur’s role is to foster an environment where success means more than financial metrics. By prioritizing this holistic approach, an entrepreneur not only elevates their achievements but also inspires those around them to embrace a broader, more enriching definition of success.

    Related: 5 Intangible Qualities That Hold the Key to Unparalleled Business Success

    The journey from knowledge to wisdom in entrepreneurship

    No entrepreneur, CEO or industry expert starts their journey with a wealth of knowledge. Rather, knowledge accumulation comes from experience and often also from hardship. Knowledge, experience and hardship act as the building blocks for success. It’s like assembling a toolkit, each piece representing industry insights, market trends and business intricacies. The phase of building industry knowledge and experience is instrumental in providing entrepreneurs with the necessary foundation for informed decisions and strategic plans.

    However, the crux of entrepreneurial prowess lies in the journey from knowledge to wisdom. Knowledge, in this context, is possessing the right answers — the foundational understanding of business dynamics. Wisdom transcends knowledge; it’s the art of asking the right questions, sharing lessons learned and delving deeper into the complexities of entrepreneurial success and failure.

    Wisdom within entrepreneurship is a dynamic process, involving not just knowing facts but applying knowledge and experience to reflect profound understanding and foresight. It’s a shift from rote application to strategic insight — a transition defining an entrepreneur’s evolution from novice to seasoned leader. It’s about understanding the why behind the what, steering clear of one-size-fits-all approaches and embracing a dynamic mindset for sustainable success.

    Crafting your wisdom: A self-mentoring blueprint

    For entrepreneurs seeking to foster wisdom, actionable advice is paramount, and self-reflection is a crucial tool. I have also found that mentorship acts as a guiding beacon, offering diverse perspectives that enrich decision-making. The pursuit of wisdom in entrepreneurship must be deliberate and strategic, and it must invite a structured self-assessment process.

    So, how can this be achieved?

    • Reflective evaluation: Initiating the self-mentoring journey begins with a reflective evaluation. Entrepreneurs must engage in a thoughtful examination of their decision-making and problem-solving skills, asking targeted questions focusing on the effectiveness of past decisions and lessons derived.

    • Establishing insight goals: Differentiating goals that deepen understanding from those expanding knowledge is critical. Insight goals should aim at developing a nuanced perspective and foresight, shifting from accumulating knowledge to establishing goals that contribute to cultivating insights.

    • Active application: Entrepreneurs are encouraged to actively apply their understanding through real-world challenges. This hands-on approach tests comprehension and allows for refining knowledge into actionable insights, contributing to overall wisdom development.

    • Embracing calculated risks: Wisdom often emerges from well-considered risks. Entrepreneurs are urged to embrace calculated risks as part of the self-mentoring blueprint, involving a careful evaluation of potential outcomes, encouraging them to step out of their comfort zones strategically and expanding understanding.

    • Mentorship dynamics: Central to the self-mentoring blueprint is seeking mentorship and engaging in mentorship roles. Entrepreneurs are advised to actively seek guidance from experienced mentors while contributing insights to others. This reciprocal exchange fosters an environment conducive to wisdom cultivation, enriching understanding through diverse perspectives.

    • Progress indicators: In the journey toward wisdom, tangible indicators are crucial for tracking progress. Entrepreneurs are encouraged to document key decisions and their impacts, offering a tangible way to measure the transformative transition from knowledge to wisdom.

    Related: Defining Success: 4 Key Measurements That Go Beyond Revenue

    The journey ahead

    In navigating the dynamic landscape of entrepreneurship and redefining success, I invite fellow entrepreneurs to connect and share insights. The entrepreneurial community holds a reservoir of diverse experiences and perspectives, offering the opportunity to redefine success resonating with each entrepreneur’s core values and aspirations.

    Success, in its redefined form, becomes a tapestry woven with the threads of varied experiences, shared insights and a commitment to a profound understanding of entrepreneurial triumph. Beyond the balance sheet, we can forge a path leading to holistic and enduring success — one resonating not just in the boardroom but in the essence of our entrepreneurial endeavors.

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    Peter Goldstein

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  • Free Webinar | January 11: The 2024 Social Media Trends to Get You More Followers & Sell More Products | Entrepreneur

    Free Webinar | January 11: The 2024 Social Media Trends to Get You More Followers & Sell More Products | Entrepreneur

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    Learn tricks and tactics to supercharge your social media by joining our free webinar “The 2024 Social Media Trends to Get You More Followers & Sell More Products.” This power-packed session will be led by Entrepreneur’s very own VP of Social Media, Sana Ali.

    On Thursday, January 11th Sana will dive into the latest strategies that will not only boost your online presence but also drive sales. From emerging trends in content creation to leveraging influencer marketing for maximum impact, we’ll guide you through the key elements that can propel your brand to new heights.

    You’ll gain insights on:

    • The biggest social media trends that will shape 2024

    • Optimizing your content to take full advantage of those trends

    • Navigating the nuances of influencer marketing

    • Measuring success by defining clear objectives and utilizing analytics tools

    • How to approach cultural sensitivity in campaigns

    Join us to unlock the social media strategies that will propel your brand to new heights in 2024!

    About the Speaker:

    Sana Ali is the VP of Social Media Marketing at Entrepreneur Magazine. Throughout her career, she has led global social media campaigns for notable brands, including MTV, iHeartRadio, BET, and WWE. Sana’s expertise lies in her ability to build social influencer products, create social monetization opportunities, and craft effective strategies. Her focus is on fostering audience engagement, delivering measurable results, and leveraging content trends in the ever-evolving social media landscape, particularly by tapping into multicultural audiences.

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    Entrepreneur Staff

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  • If you can buy instead of rent right now do it, don't wait, says Shark Tank's Barbara Corcoran

    If you can buy instead of rent right now do it, don't wait, says Shark Tank's Barbara Corcoran

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    Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

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  • 7 Strategies to Secure Business from Fellow Entrepreneurs | Entrepreneur

    7 Strategies to Secure Business from Fellow Entrepreneurs | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    This article focuses on strategies to assist in the growth of business-to-business (B2B). Growth includes actions that can be taken that can lead to an increase in sales. Although these strategies will typically only increase sales after some time, when implemented, they will be valuable and helpful in growing your brand and ultimately increasing your revenue.

    1. Provide value first

    Value is a huge buzzword in the business realm. My take on value is to know your audience. For example, in my world of commercial real estate, lease comps take work. Although sales comps are documented, lease comps are typically kept close to the chest. Thus, lease comps are very valuable in the commercial real estate world. If you want to provide value, first, you need to figure out what is beneficial to your potential clients. Once you understand what is valuable, you will be better positioned to collect and share useful data.

    Related: Your Value Proposition Is Crucial. Here Are 5 Steps to Ensure It Resonates.

    2. Build genuine relationships

    Referring a business is one of the highest forms of compliments. Anytime I make a referral, I am incredibly cautious. The first thought in my mind is a “what if?” What if the person I referred does not do a good job? To move past this, I need to know the referee well. I must have a genuine relationship with the person I refer. I recommend that you do not try to rush relationships. It takes time to build a real relationship. Being aware of the fact that it takes time to build relationships and putting in the work to build relationships will lead to relationships that result in productive referrals.

    3. Utilize online platforms

    Many online platforms can be used in the B2B world. One I like to use is Yelp. Business owners appreciate good Yelp reviews. If I have a good experience at a business, I will go on Yelp and leave a nice review. I will then share this review with the owner when I reach out to introduce myself. In addition to Yelp, I also often use LinkedIn. LinkedIn is a powerful online B2B platform. Make a solid effort to build your LinkedIn network and post relevant content regularly.

    Related: 6 Ways to Ace Social Media Branding for Your Startup

    4. Attend industry events and networking functions

    Almost every industry has a trade association related to it. No matter what you do, I highly recommend researching associations related to your trade. Find out when their conferences are. Often, trade associations will have national events and regional events. If the national conference is near your location for your first year in business, I recommend you go. If it is not, then I would attend a regional meeting. Regional conferences are often cheaper than national conferences. Additionally, your travel expenses should be less for a regional conference.

    5. Prospecting protocol

    The B2B world often involves canvassing. When canvassing, it is essential to be careful of your approach. The best way to canvas is to be straightforward and summarize your business and intent. You should not ask for the owner’s contact information initially. I will casually ask who the person at your company is that handles that. Then, once I get an answer, I will ask for a business card. The owner often has their cell phone number and email on the card.

    Related: 5 Decisions All Responsible Entrepreneurs Make En Route to Financial Security

    6. Become the go-to

    No matter what you do, you want to be the top person in people’s minds when your business is mentioned. Becoming the go-to is accomplished over time. When people see your successes, it helps you become the go-to. You will want to post on social media about your achievements. This was difficult for me at first since I had a mental block on social media when I first started in business. However, I learned to grow past that, and now I understand the power of social media. In addition to posting about your successes, I also recommend having a blog where you can share valuable information with others. Sharing is caring, and it also assists in helping you become the go-to.

    7. Strength in unity

    I recently watched a YouTube video on Coca-Cola and McDonald’s. The video did a great job showing how both companies partnered with each other and their partnership assisted in success. All businesses have complementary businesses. If you want to utilize the strength in unity strategy, identify companies in your industry or related sectors. Make a list, then approach the businesses on your list. I recommend you start small. Approach one company first and see if they are on board before approaching another. Also, I recommend you thoroughly vet the business first. You do not want unity with another company that does not have the same values as your own business.

    I wish you much success in growing your business and expanding your network. Please remember that it does not happen overnight. No matter what strategies you use, I recommend that you commit to the strategies and work diligently on using them to achieve success.

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    Roxanne Klein

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  • Grief, Death and Entrepreneurship — 6 Useful Ways to Manage Loss While Growing A Business | Entrepreneur

    Grief, Death and Entrepreneurship — 6 Useful Ways to Manage Loss While Growing A Business | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    There is a lot of useful and not-so-useful information when dealing with grief. When you research the topic, there are so many articles that it can seem overwhelming, as there is no shortage of information. However, you may just want some useful tools, tips and strategies that will help you navigate this process.

    There can be many layers, feelings and thoughts about grief that one can experience, depending on what type of loss or grief you are experiencing. Relationships with a specific person, family member, friend, business associate or even grief of one’s self & identity within the relationship — the acceptance, the moving on, and the navigating through life can range for many.

    I do not claim to be a grief expert, yet I have been through many losses in my life from friends, aunts and uncles, clients and most recently, my last grandparent, my grandmom passing away. My grandmom was like a second mother to me, and I lived with her and my grandfather for many years growing up. We had a strong bond, and I would share everything — from who I was dating to things going on in my business and professional life.

    While I am still grieving, I wanted to share what has been helpful for me within my grieving experience while running a business and living a full life in hopes that this will serve, be helpful and useful for you if you are going through or will be going through grief.

    Related: Grief and Loss Can Seriously Impact the Ability to Work. Here’s How to Create a Workplace That Supports Those Going Through It.

    1. Acknowledge your emotions

    Thoughts and emotions will come up, and when they do, you get to acknowledge them and give yourself the space to process them. Emotions are energy in motion, and you get to experience them and allow them to pass through. Many people keep their feelings bottled up. You don’t want to suppress what is coming up because that can lead to different responses and ailments in the body and mind. When you release, it recalibrates your mind, body and nervous system.

    Related: 4 Ways to Overcome Grief Without Neglecting Your Business

    2. Know that they are not suffering

    What has been the most useful for me since my grandmother’s passing is that she is at her highest, wisest and best right now. She is not suffering, and she would not want me to suffer or be sad. She would want me to keep on living & creating a life, memories and experiences that are beyond my wildest dreams and utilize this time for me and my family.

    She would want me to be happy, laughing and remembering the good times and go back to creating a life that I love and create my own journey, legacy and path that I was put on this earth to do while experiencing all of the abundance in this world. She would want me to be happy. Not crying or grieving the physical loss of her. Whenever I get hit with feelings of sadness, loss and grief, I feel my feelings and allow them to pass, but always remind myself she wants me to be happy and live life. I always remind myself of this, which becomes useful for me in these moments.

    3. Create your eulogy and obituary

    Morbid maybe — life transformational, absolutely. It gets you to rethink, reassess and realign where you are today to where you want to go and what gets to be created and shifted right now. Many of us don’t think of death every day, yet in these moments, opportunities to look at how you are living and what you still want to create are windows for you to change directions if needed and wanted. Your eulogy that a friend or family member speaks at your service, what will they say about you?

    This is an opportunity for you to get honest with yourself right now. Are there any unfulfilled dreams, unkept promises, unsaid things or goals you want to act on? What would you like your impact to be? Your purpose? This is the time to get clear and concise about it. You then can create an action plan around what is next for you.

    You can give yourself a specific timeframe and goals and break them down for yourself, whether in the next month, quarter, six months, year or longer. Take the time to do this. Everyone is creating a legacy right now. If you don’t like the one you create, you get to shift and change it.

    Related: Running a Business While Dealing With a Personal Loss

    4. Seek support and ask for help

    This can be from other family and friends if they can talk with you and support you — this can also be hiring therapists, doing different types of healing work with practitioners like EMDR, IFS (Internal Family Systems), therapy, a grief or life coach, inner childhood work, trauma coping strategies and other healing practices & modalities. Support groups also help others tremendously, see what resonates with you and take action on it. Asking for help and getting support is not a weakness; it is a strength. Everyone deserves to be supported.

    5. Take care of yourself

    This gets to become your new non-negotiable. Grief can affect you on all levels if you allow it to — mental, emotional, physical, spiritual and physiological. It is important to get the proper amount of sleep, nutrition, movement and laughter.

    A question that has been super useful for me during these times is asking myself: How are you feeling right now? What do you need in this moment? Right now? Honoring my feelings, thoughts and emotions has been game-changing for me.

    6. Listen and honor your intuitional nudges

    Again, grief can appear at times and is not a linear process. You may experience different days and emotions that come in different waves. I have found days where I want to be alone, other days where I want to be surrounded by and around others, some days I channel my energy into work and other days I don’t want to work at all. This season, you get to listen to you and honor the nudges and intuition that come through. Give yourself the grace and space that you need. Everyone’s process and healing is different, and you get to honor yours.

    Remember to take care of yourself; time is always moving, and you get to create in every moment. Your loved ones are in a great place and want you to be happy, healthy, and have fun. Your future self wants this for you as well. What tool or tip will you take action on today?

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    Kelly Lynn Adams

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  • Free Webinar | December 6: 5 Game-Changing Digital Marketing Trends to Watch for 2024 | Entrepreneur

    Free Webinar | December 6: 5 Game-Changing Digital Marketing Trends to Watch for 2024 | Entrepreneur

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    In a rapidly evolving digital landscape, entrepreneurs must adapt to new trends to enhance their businesses and connect effectively with their target audiences.

    On December 6th at 3 PM ET join our exclusive webinar, “5 Game-Changing Digital Marketing Trends to Watch for 2024”, led by marketing expert, Bianca B. King. Where she will explore the five pivotal trends that will shape digital marketing in 2024 and help you stay ahead of the competition.

    Key Takeaways:

    • Learn about the five essential trends to embrace in 2024 for a competitive edge.

    • Understand the potential implications and pitfalls associated with these trends.

    • Discover ethical ways to engage with emerging digital marketing trends.

    • Explore the pivotal roles played by AI, social listening, and more in shaping the future of digital marketing.

    • Gain practical applications to seamlessly incorporate these trends into your ongoing marketing activities, regardless of your current business stage.

    Whether you’re embarking on your entrepreneurial journey or looking to refine your existing marketing strategies, this webinar will equip you with actionable insights and practical tips to thrive in the ever-evolving digital marketing landscape of 2024.

    Secure your spot today and join us to unlock tomorrow’s digital success.

    About the Speaker:

    Bianca B. King is an entrepreneur and professional matchmaker on a mission to help women accelerate their success. As the CEO & Founder of the exclusive collective Pretty Damn Ambitious™, Bianca matches high-acheiving women with premier vetted and verified coaches so they can finally amplify their ambitions and achieve the personal growth and professional success they desire. Bianca is also the President and Creative Director of Seven5 Seven3 Marketing Group, a digital marketing agency that has served hundreds of entrepreneurs since 2008.

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    Entrepreneur Staff

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  • Second-Generation Napa Vintner Unveils Exclusive New Wine: The One In A Million

    Second-Generation Napa Vintner Unveils Exclusive New Wine: The One In A Million

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    A look at how The One In A Million is redefining the fine wine experience.

    Greta Montgomery, Managing Partner of Martin Estate, a historic 1887 winery renowned for its estate-grown Cabernet Sauvignon, proudly announces the debut of her new wine brand, The One In A Million.

    Founded in 2018, The One In A Million is a Single Vineyard Napa Valley wine committed to excellence and crafted with a focus on phenomenal vintages of structured purity. Minimal intervention farming practices and attention to detail at every stage, from hand harvesting to bottling, distinguish The One In A Million. The inaugural vintage comprises only four exceptional barrels, totaling 100 cases, featuring 100% Rutherford Petit Verdot. This underappreciated red varietal, known for its bold and powerful flavor profile, is often the silent star in leading Napa Valley wines, thus making it the perfect choice for the first edition. The composition varies with each release and remains limited, representing spectacular and exemplary barrel lots of the vintage – The One In A Million.

    “I aspired to craft a wine of the highest standards; one that was truly rare, unique, and one of a kind,” says Montgomery, whose heritage is rooted in the Napa Valley. “I was fortunate to grow up in the wine industry and learn all facets from a young age.” She and her family own Martin Estate, one of the last pre-prohibition stone wineries under private ownership specializing in Cabernet Sauvignon. “There is a defining difference in quality when the focus is on single vineyard wines made in a traditional style.” This approach, though time-consuming and labor-intensive, elevates the final product. Montgomery adds, “Winemaking starts in the vineyard, and I am privileged to uphold our practices of sustainable farming, overseeing the journey from vine to bottle.”

    The One In A Million is designed to be more than an outstanding wine, and elevates expectations with a direct focus on customer experience. “Wine is a connector, uniting people, marking celebrations, and preserving memories,” Montgomery reflects. “My intent was to make a wine that meant something on every level of its existence – and have this meaning transcend from the moment it arrives at your door.” This philosophy is embodied in the wine’s presentation, delivered in an elegantly crafted box featuring the brand’s signature single star—symbolizing the distinctiveness and uniqueness of The One In A Million. “I believe customer experience matters and details matter,” Montgomery says. She adds, “While the wine itself is the one in a million, a pure expression that will never be duplicated, the true meaning comes from those who choose to enjoy it. Whether honoring a friend, celebrating an achievement, or toasting a special Monday night, this wine is meant to be part of your one in a million moments.”

    The One In A Million is now available in one and three bottle presentation boxes, and enthusiasts are encouraged to secure their bottle to partake in this extraordinary fine wine experience.

    More About The One In A Million

    Extraordinary, Limited Edition, and One of a Kind | Guiding principles to create a wine like no other. As a second-generation vintner, Greta Montgomery embarked on a mission to craft the exceptional with an unwavering commitment to quality—resulting in The One In A Million. Her vision revolves around exclusive, limited-production, terroir-driven wines from the Napa Valley, presented in exquisite and meaningful packaging. Each release promises a unique, unrepeatable experience.

    For more information about The One In A Million, please visit oneinamillionwine.com or contact Carly Pearson at carly@oneinamillionwine.com.

    Source: The One In A Million

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  • Ask Co-Founder of Netflix Marc Randolph Anything: How to Watch | Entrepreneur

    Ask Co-Founder of Netflix Marc Randolph Anything: How to Watch | Entrepreneur

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    Marc Randolph, the co-founder of Netflix, joins us for another episode of Ask Marc, a live Q&A series about starting and growing your business. The event will begin on Tuesday, November 28th at 3:00 PM ET, streaming on our YouTube, LinkedIn and Twitter channels.

    Where can I watch Ask Marc?

    Watch and stream: YouTube, LinkedIn & Twitter

    You can watch on your phone, tablet or computer. Ask Marc will be shown in its entirety on YouTube, LinkedIn and Twitter

    What time does Ask Marc start?

    Date: November 28th
    Time: 3:00 PM ET

    The episode kicks off at 3:00pm ET.

    Why should I watch Ask Marc?

    Get free business advice directly from the co-founder of Netflix, Marc Randolph. Marc loves helping founders and small business owners, and this your free opportunity to ask him any of your questions about topics like:

    • Starting a business
    • Growing a business
    • Raising money
    • Building marketing campaigns
    • Best practices
    • Anything you want to know!

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    Entrepreneur Staff

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  • Free Webinar | December 11: Top 10 Year-End Tax Strategies To Save Yourself Thousands | Entrepreneur

    Free Webinar | December 11: Top 10 Year-End Tax Strategies To Save Yourself Thousands | Entrepreneur

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    Ready to save thousands on your year-end tax strategy? Join our exclusive webinar, “Top 10 Year-End Tax Strategies To Save Yourself Thousands” featuring renowned experts Mark J. Kohler, CPA, and Mat Sorensen.

    Here’s what you’ll learn:

    • A foolproof write-off strategy for buying new auto or equipment by year-end and a foolproof write-off strategy

    • How to maximize IRA and 401(k) contributions for the highest tax benefit

    • Common deductions like home office and travel to save big

    • Knowing when to transition from LLC (sole prop) to S-Corporation tax status by year-end

    • How to close out old entities by year-end to avoid new FinCEN registration in 2024

    • Deciding the best time to set up your LLC or entity—before year-end or on Jan 1, 2024

    Don’t miss this golden opportunity to master year-end tax planning and unlock thousands in savings for your small business! Secure your spot now and let our experts guide you toward financial success.

    About the Speakers:

    Entrepreneur Press author Mark J. Kohler, CPA, attorney, co-host of the Podcast “Main Street Business”, and a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. Kohler is also the author of “The Tax and Legal Playbook, 2nd Edition”, and “The Business Owner’s Guide to Financial Freedom”.

    Mat Sorensen is an attorney, CEO, author, and podcast host. He is the CEO of Directed IRA & Directed Trust Company, a leading company in the self-directed IRA and 401k industry and a partner in the business and tax law firm of KKOS Lawyers. He is the author of “The Self-Directed IRA Handbook”.

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    Entrepreneur Staff

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  • Motherhood penalty laid bare: From co-workers comparing pregnant colleagues to broken race cars to senior women ‘hazing’ other moms

    Motherhood penalty laid bare: From co-workers comparing pregnant colleagues to broken race cars to senior women ‘hazing’ other moms

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    When Alicia Iveson joined the advertising agency world, she thought she was about to enjoy the young, progressive culture it’s famed for. “I was confronted with the exact opposite—just really archaic behaviors.”

    Iveson could feel the sense of judgment (complete with actual “eye rolls”) coming from her coworkers as she left the office promptly to pick up her child from nursery. She even recalls being forced to join a regular team call during her child’s bathtime to avoid being ‘named and shamed’ for missing it.

    “I wasn’t able to spend any quality time with my son because I always felt guilty,” she says, adding that juggling the demands of motherhood and her employer ended up with her dropping the laptop in the bath. 

    “I was never present to the point that my son would really actively shut down my laptop or tell me to get off the phone,” she adds. “When they’re starting to notice that at only two or three years old, it’s pretty horrific.”

    It was at that point that Iveson knew that enough was enough. She is just one of a quarter of a million working mothers in the U.K. alone to quit their jobs because of “outdated and toxic attitudes around motherhood”, according to equal rights charity the Fawcett Society. 

    This phenomenon is called the motherhood penalty whereby women are incorrectly prescribed as less aspirational because of their motherhood status and overlooked for promotions. 

    Ultimately it leaves many working moms forced to choose between being consigned to low-paying jobs with little opportunity for growth or leaving the workforce altogether.

    On average, the Fawcett Society found that as a result of this prejudice mothers with two children earn 26% less than women without children. Fathers, on the other hand, see their earnings rise. 

    Sadly but unsurprisingly, this issue extends beyond British soil: Women around the world from France to the United States and Hong Kong told Fortune that they were asked to hide their baby bump from investors, pressured back to the office soon after giving birth and even outright told “mothers don’t succeed here”.

    Women are wary of warning signs

    Just insinuating you may one day have children is enough to be consigned to the “mommy track”. Lauren Tetenbaum, a lawyer-turned-social worker, told Fortune, adding that mothers are “aware of the motherhood penalty” before they even become mothers. 

    “They’re afraid in the U.S. to inquire about what the parental leave policies are at a company. They are afraid to ask about childcare benefits when they’re interviewing for a role,” Tetenbaum says. “It’s this unspoken secret that if they ask about it, even if they’re seeking information, they’ll be discriminated against.”

    Iveson echoes that she saw warning signs of a toxic attitude around motherhood well before her baby was born. She recalls a coworker watching in horror while she progressively became slower as her pregnancy progressed.  

    “He said after a meeting that it was like watching his favorite race car breakdown,” she says. 

    Meanwhile, the 40 workers on a team call where a senior leader was mocking a working mom’s phased return calling her “effectively f–king pointless” seemed to reflect a similar, unwelcoming attitude. 

    Valerie Mocker of the careers consultancy Wingwomen echoes that any sniff of an outdated attitude towards working mothers is enough to make women leave an organization—whether or not they have children.

    “Businesses wonder why do we not have more women at the top? Why do women seem to just leak out? One reason I see on a daily basis for the leaky pipeline is women witnessing the motherhood penalty,” Mocker warns. 

    Pandemic gains risk being erased

    The world of work has changed—or at least, many would have hoped it has. Women increasingly have a seat at the top table of firms and the pandemic gave people an insight into what it’s like juggling childcare and work while nurseries and schools were closed. 

    “There were so many things that we’ve learned from that around the need for flexibility, particularly around the fact that you can still do the job, but it doesn’t have to be within the nine-to-five framework,” Iveson says. 

    Sara Madera, a certified career coach who works with working moms says return-to-office mandates are a big worry among “close to 100%” of her clients.

    “Not having to commute has helped mums feel like they were on top of it—whether it’s the small tasks at home or being available—and feel more successful,”  Madera adds. “So the idea of losing that is really frightening.”

    The lack of flexibility across the board is already leaving working mothers with limited career options; According to Fawcett’s research, over a third of mothers could advance their careers but they are stuck in their current job due to the flexibility it provides. 

    As firms demand workers return to the office, working moms (who are often the lower-earning parent) will disproportionately have to weigh up whether they can afford to pay more for childcare—or take a step back in their careers.

    Plus, although much of the anger around offices returning to more traditional times is often directed at male bosses of a certain generation, in Iveson’s experience “women who didn’t have children” were almost equally to blame.

    “They had the strongest point of view around it needing to be a bit more of a level playing field, almost like ‘why should you be treated special because you have a child type’ mentality.”

    With the corporate world built by and for men, she says that women with “alpha” personalities are filling in the shoes at the top—and so even firms that are spearheaded by female leaders aren’t inherently inclusive for women with children.

    “Even with women who do have children because they’re of the hazing mindset of, ‘I went through it, it was really crappy, and I never saw my child, that’s just how it is and I’m going to demand the same from you,’” Tetenbaum agrees.

    Working moms are turning to entrepreneurship 

    Despite assumptions that pregnant women and mothers are less interested in career progression, Fawcett’s research found that most working moms remained just as ambitious after a baby—and nearly half became more ambitious.

    It perhaps explains why, in response to their career aspirations being overlooked, working moms are taking matters into their own hands—and becoming their own bosses.

    Now, Iveson is the co-founder and CEO at Hijinks Collective, an advertising agency with YouTube and the Royal Navy among its clients. “I’ve got more fire in my belly than I had, not the least because I’m not doing it for myself, but it’s also for myself and my son,” she says.

    Meanwhile, Tetenbaum, Madera, and Mocker all claim to have gone self-employed as a direct result of the motherhood penalty. Research echoes that “mompreneurs” are on the rise, with the pandemic highlighting for many women just how much more they could get done with control over their own schedule.

    Running your own business is by no means an easy feat—but for the women that Fortune spoke to it’s enabling them to be more present in both the proverbial boardroom and the playroom.

    “Not everyone can leave the corporate workforce and be an entrepreneur. But I will say that, once I did, what I was seeking in terms of flexibility and really sort of acting as a grown-up—and what I mean by that is not being on someone’s schedule and being infantilized about signing in at a certain time—sealed the deal,” Tetenbaum says. 

    “There are still times when I have to work in the evenings but that’s okay. I can take a break in the afternoons and spend time with my kids when they come home from school,” echoes Madera. “I don’t have to ask somebody to do that and get that approval or feel like I’m asking for too much—I have the ownership of that.”

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    Orianna Rosa Royle

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  • 5 Bad Habits Of High-Achieving Entrepreneurs | Entrepreneur

    5 Bad Habits Of High-Achieving Entrepreneurs | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    You might be surprised at the high percentage of high-achieving entrepreneurs, whose unique combination of traits or habits that accelerate their success early on, later find these same traits eventually become what hold them back.

    They’re often the source of chronic stress, overwhelm, burnout and plateaued revenues.

    So, while this combination of seemingly beneficial traits generally means you’re intelligent, driven, ambitious, hard-working, have a high work ethic and a high tolerance for stress, it may also mean you’re:

    • Often feeling overworked and undervalued

    • Constantly under pressure to deliver in tight deadlines

    • Regularly on the edge of burnout

    • Constantly stressed and overwhelmed

    • Surrounded by people who disappoint you and don’t meet your expectations

    • Apprehensive about more responsibility because you’re barely coping as is

    So, while go-go-go may get you ahead in the beginning, there are dangerous consequences if you don’t get your habits in check early on. Stay there too long, and it will bleed into your relationships, health and personal life.

    Here are five common harmful habit addictions we’ve observed in high-achieving entrepreneurs:

    Related: 18 Destructive Habits Holding You Back From Success

    1. The human doing

    This behavior presents when you only feel “worthy” or like “enough” when you’re being productive, useful or valuable. If you’re not busy (over)achieving, you feel lazy, worthless or like you’re wasting time. You’re addicted to being busy and incapable of switching off — ever. This can impair recovery, creativity, problem-solving and long-term resilience.

    2. Completion addiction

    You never give yourself permission to be fully present, in the moment, at peace or in harmony with life — until ALL to-do lists are complete, all unfinished business is finished, all problems are solved and all unanswered questions are answered. You can’t stop thinking about a topic or project until you have closure, it’s signed off, over and done!

    You’re desperate for the feeling of completion, which never comes, so you rush through your day, never taking time to stop, recover or be present. This is particularly problematic for long-term projects.

    3. Over-attention to detail

    Perfectionism is the antithesis of high performance. It’s an impossible standard and often stems from being afraid to make a mistake or look like a fool.

    You always look for what’s wrong or not good enough, and you always find something. Nothing you do ever feels good enough, tasks take 10x longer than they need to, or you often don’t even get started because you feel overwhelmed.

    Related: Perfection Is a Trap, and It’s Keeping You From Being Successful

    4. Overthinking and overanalyzing

    This habit is also driven by the fear of being judged or criticized, as well as the fear of failure. Now you have an endless list of “What ifs.” You “need” certainty and predictability, which simply doesn’t exist. You need to know what’s going to happen, when and how — before it even happens!

    This trait is often combined with control issues, where you need to control everything and everyone in order to feel safe and secure. Even if you’re not doing it overtly — because you’re afraid people might think you’re controlling — you’re trying to predict and control covertly. Either way, it’s exhausting.

    5. People pleasing

    The final high-achieving trait we see often is when you’re constantly saying “yes,” but you wish you could say “no.” You don’t have clarity on your boundaries. Even if you did, you’re constantly violating them and your standards to avoid upsetting people, as well as your fear of being judged or criticized again. You struggle to say “no” without massive guilt and without ruminating over previous experiences.

    These bad habits lead high-achievers to obsess over the minutia. You constantly feel the need to prove yourself or justify your position. You regularly get stuck in your head, ruminating and worrying, trying to make everything perfect.

    When you have a high tolerance for pain and stress — which you do because that’s part of every business owner’s DNA — you can achieve a lot in your career … BECAUSE of these traits. But they can only get you so far.

    After a certain threshold, the workload, stress and overwhelm become too much, and you max out. What got you here won’t get you there. It’s time to be as successful personally as you are professionally.

    You’ll never break through your glass ceiling if you stay addicted to these habits and the old identity that drives them.

    Related: 10 Bad Habits Entrepreneurs Must Give Up To Be Successful

    How to break harmful high-achieving habits

    We all have blind spots that prevent us from seeing the forest for the trees. And two big influences on how you view your world are:

    1. Your relationship with yourself

    Stop making self-worth conditional. You wouldn’t accept your child based on passing an exam or tidying up their room, so why do we make our own self-worth conditional on looking a certain way, earning $X amount or achieving something big?

    Most high-achievers react when they hear this and think, “If I do that, I’ll lower my standards, become complacent or drop the ball,” which is a false assumption.

    The foundation of self-acceptance means you can chase the right things for the right reasons. You can still be ambitious, but this time, it’s about results — not about feeling good enough or proving yourself.

    2. Your relationship with the future

    Life is uncertain! We never know what’s going to happen next. But we humans have a built-in need for certainty — and there lies the problem.

    We want to know what, when and how “it’s” going to happen, which is futile and exhausting. Forward planning is important, but not overplanning. When people have poor relationships with uncertainty, they tend to have control issues, completion addiction and chronic worry.

    So, stop trying to control the uncontrollable. Understand (and accept) that the answer to every question about the future is still, “I don’t know.”

    By putting these two influential foundations in place, the five bad habits of high-achieving entrepreneurs naturally dissolve — by themselves!

    You’ll no longer be in a fight against yourself, and your natural strengths become enhanced. Your previously harmful habits have now created space for healthy, high-achieving habits to take their place.

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    Rachel Godfrey

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  • On National Entrepreneurs’ Day, California Executive Launches Card Game 'Ready Set CEO,' to Unlock the Untapped Potential Within Every Aspiring Business Leader

    On National Entrepreneurs’ Day, California Executive Launches Card Game 'Ready Set CEO,' to Unlock the Untapped Potential Within Every Aspiring Business Leader

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    “I call upon all Americans to commemorate this month with appropriate programs and activities and to celebrate November 21, 2023, as National Entrepreneurs’ Day.”

    — President JOSEPH R. BIDEN JR. The White House. (2023, October 31). A Proclamation on National Entrepreneurship Month

    Created by Chris Folayan, award-winning entrepreneur, author, and speaker with success stories spanning over 25 years and three continents, Ready Set CEO is the first business card game of its kind developed with input from over 100 international CEOs.

    • How do you build trust and credibility with customers?
    • At what point in time should a business get an investor?
    • Would you prioritize employee well-being and work-life balance over profitability?

    Commenting on the launch, the Californian serial entrepreneur and investor who built his first start-up at only eight years old, followed by a multi-million dollar software business by age 20, said:  

    “This game isn’t just a collection of thought-provoking questions from industry titans; it’s a catalyst for unlocking the untapped potential within every aspiring business leader.” 

    Ready Set CEO card game can be used as journal prompts, group discussions, and team-building activities to unlock the CEO within you. Each of the 150 cards triggers a journey of self-discovery, challenging you to adopt an entrepreneurial mindset and transcend perceived limitations. 

    Professor Nathalie Virem, who teaches Entrepreneurship, Leadership & Management at California State University in Los Angeles, shared: “Mr. Folayan is a four-time exit global entrepreneur. More than a game, Ready Set CEO is a business class in a box, inspiring everyone to think outside of it.” 

    Indeed, the game has already sparked the interest of accelerators, incubators, and schools. Starting with his alma mater San José State University (SJSU), Folayan has been invited to host a series of business lectures and workshops based on the game in the U.S. and abroad. 

    Over the years, he has mentored countless startup founders and students at some of the U.S.’ most prestigious universities, including Stanford, UC Berkeley, Kellogg, Harvard, and UCLA. Folayan has also graced the stage of the United Nations, World Trade Organization, and London Stock Exchange. His career and thought leadership have been featured by The New York Times, Bloomberg, CNBC, and TechCrunch. 

    Whether they are running family restaurants or opening new factories, American entrepreneurs create businesses that are the heart and soul of our communities. This National Entrepreneurship Month, we honor the job creators, business owners, and daring innovators who remind us of the promise of the American Dream.” — President JOSEPH R. BIDEN JR. The White House. (2023, October 31). A Proclamation on National Entrepreneurship Month 

    Ready Set CEO is a great holiday gift to inspire friends, family, and colleagues to unleash their inner CEO and achieve remarkable success in 2024. Age 10+. Now available at www.readysetceo.fun for $19.99.

    Source: Ready Set CEO

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  • Are You Ready to Ditch Your 9-5 for Your Side Hustle? | Entrepreneur

    Are You Ready to Ditch Your 9-5 for Your Side Hustle? | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Ask yourself, why do you need to quit your 9-5 to go full-time into your side hustle? How will quitting help you and what is your motivation to do so? In the U.S., 28% of people state that becoming their own boss is their top motivator to go all into their side hustle.

    Maybe you have another reason for wanting to leave your job for entrepreneurship. You could want to make more money or spend more time working on your own business. If you think you’re ready to leave your 9-5, ask yourself these three important questions honestly.

    Related: 44 Side Hustle Ideas to Make Extra Money in 2023

    Do I have a proven business model that’s been tested?

    Nearly 50% of businesses fail within their first five years of operation. This isn’t to discourage you and in fact, can be used as motivation instead. Knowing this and learning from other businesses can help you minimize risks and figure out what your competition will be like.

    Making about two-thirds of your full-time job’s salary for about a year at your side hustle is a good place to start on deciding if you’re profitable enough to quit your job. You should also be using the money from your job to put money aside for emergencies. Running out of cash is one of the top reasons businesses fail so by having a cash cushion you’ll be able to give your side hustle the time and attention it deserves to succeed. Everyone’s expenses are different, but for me, I would want at least 6 to 12 months of savings.

    If it’s one thing I’ve learned, owning a business affects you mentally, emotionally and physically. And on the days that don’t go as planned, you’re going to have to stay strong and positive. By becoming bogged down with a few bad weeks here and there, your productivity will slide and you’ll lose your motivation. That’s why I preach business is less about motivation and more about consistency. Anyone can be motivated for a short period of time. But putting in constant effort even on the hard days, will separate the side hustlers from the full-time business owners.

    Do I have support?

    It’s important to remember starting a business isn’t just hard on you as an entrepreneur, but it’s going to be challenging for your whole family. At least at the beginning, you may have less time and energy to spend with your spouse or kids and you’ll need your spouse’s support to do that and to get through business challenges. If you’re spending more time on your business, your spouse may need to do more work at home or even have to work more hours to offset the financial responsibilities temporarily. Have you thought about how else quitting your job would affect your family? How would you deal with things like healthcare and benefits or daycare?

    Getting support from people who’ve been in your shoes can make all the difference on your entrepreneurial journey. Whether you’re in a course and leaning on your teacher and peers for advice or other business owners in your industry, it’s important to be open to feedback and to handle criticism with an open mind. When I was younger and didn’t want to ask for help, I quickly learned how leaning on others for support was so important, especially when starting.

    Related: Can You Turn Your Side Hustle into a Business? Consider These 3 Things.

    What’s my backup plan?

    This one is controversial and can be a hard pill to swallow because many entrepreneurs see it as allowing yourself the option to fail or quit. But I think it’s important to be realistic especially when you have other people counting on you to be the provider. That’s one reason I always suggest not to burn bridges with former employers.

    Tell senior management about your plans first so they don’t receive the news from one of your peers. Give your full two weeks’ notice, or whatever your contract states. If you’re in a management role, you may want to give more notice and let the company decide what they would prefer. Continue to show up and do your work to the best of your capability. Now isn’t the time to slack. It not only says a lot about your character if you continue to show up with integrity, but it also ensures you’re not putting extra pressure on your team. And avoid gossip and avoid speaking badly about the company or any employees. Doing this will also help keep your leave on a positive and friendly note.

    There are no real rules to follow when you’re ready to go full-time into your side hustle because we’re all different and so are our situations. I’m just giving you guidelines so you can start asking yourself the important questions to know if you’re ready to leave your job. But if you think you’re ready and you have a proven business model that’s been consistently bringing in cash, have the right support, and have a backup plan, you’re on your way to successfully quit your job and go all into your side hustle.

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    Jason Miller

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  • Entrepreneur+ Subscribers-Only Event | November 14: Meet the CEO Who Innovated the Way Consumer Brands Interact with Customers | Entrepreneur

    Entrepreneur+ Subscribers-Only Event | November 14: Meet the CEO Who Innovated the Way Consumer Brands Interact with Customers | Entrepreneur

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    Just a few short years ago, the soda industry seemed untouchable to startups. That was until OLIPOP found a gap in consumer needs and tapped into Gen Z culture to create a brand that now competes with Coke and Pepsi.

    On Tuesday, November 14th at 2 PM ET, meet OLIPOP’s CEO, Ben Goodwin in our next Entrepreneur+ Subscriber-Only Event, as he walks us through his bubbly approach to formulating authenticity and formulating soda. Learn about his journey and gather his insights — so you, too, can create a genuine brand that connects with others.

    This event is only for Entrepreneur+ subscribers, but you can become a subscriber for FREE. Use code 1FREE at checkout for one month of all access to Entrepreneur.com, including our premium content and the ability to participate in our Subscribers-Only Event.

    What is a Subscriber-Only Event?

    Every month, we feature a special guest to help create actionable content for Entrepreneur+ subscribers. We set up events with today’s most prevalent CEOs, entrepreneurs and celebrities — so that we can provide a productive, exclusive experience for our most dedicated readers and entrepreneurs worldwide.

    How to access as a subscriber:

    There are two ways to make sure you don’t miss out on this event. Follow this link for easy setup on your Entrepreneur+ homepage. Or, check your inbox for an [Entrepreneur+ Exclusive] email that contains the private link to the event. We will also notify your email right before the event to make sure you don’t miss out.

    Having issues signing up for the call? Email us at subscribe@entrepreneur.com.

    About the Speaker:

    Ben Goodwin co-founded OLIPOP in 2018, alongside business partner David Lester. Ben, who forwent an environmental science degree in favor of his entrepreneurial spirit, has a passion for health and wellness that stems from personal experience. After a childhood on the standard American diet, Ben had an epiphany at just 14 years of age–losing 50 pounds with the implementation of daily exercise and more mindful eating habits. These positive changes resulted in a deep curiosity about nutrition’s effect on physical and mental health, making Ben a relentless scholar of the human microbiome and ways to leverage it for overall wellness.

    Ben has now been an entrepreneur and product developer in the digestive beverage field for more than a decade, striving to create drinks that optimize for both taste and digestive health benefits. OLIPOP is in over 21,000 retail doors and surpassing $200M in revenue annually.

    Sign Up For Free

    Use code 1FREE at checkout.

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    Entrepreneur Staff

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  • Veteran to visionary: What I learned in the marines about being a fintech founder | TechCrunch

    Veteran to visionary: What I learned in the marines about being a fintech founder | TechCrunch

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    My journey from being a humble immigrant to becoming a marine and, subsequently, a successful entrepreneur is a testament to the American Dream in action.

    According to the SBA, veterans are roughly 45% more likely to form their own business compared to people who haven’t served in the military. Veterans own almost 2 million businesses and employ over 5 million Americans.

    These statistics beg these questions: Are veterans naturally bred for entrepreneurship, or is there a profound connection between their military service and entrepreneurial success? Is there a unique synergy between the discipline, adaptability, resourcefulness and leadership skills instilled in service members and the qualities required to be a successful startup founder?

    The short answer: Yes. But fair warning for the veteran readers — don’t let that inflate your ego and convince yourself you’re a shoo-in. My advice for aspiring veteran founders goes beyond echoing the well-documented parallels between military service and entrepreneurship.

    As a fintech founder, I leverage technology to help others find economic stability, something my family lacked for many years. I was born in Baku, the capital of Azerbaijan SSR, a former republic of the USSR. When the Soviet Union fell, my family was forced to flee to Moscow, narrowly escaping the ongoing ethnic war on Armenians. After spending six years in Moscow as refugees, my family immigrated to the United States where I finished high school and then joined the marines.

    The marines provided a jump-start to my trajectory of creating solutions for much larger problems like access to banking in the cannabis and freelancing industries to now building StellarFi, the third fintech I’ve founded, designed to address a problem that plagues half of the American population: poor credit.

    Like many veterans, my enlistment was equally inspired by the desire to gain access and opportunities to achieve that American Dream and a deep sense of gratitude to the country. But my experience as a marine helped me understand that, much like the most crucial missions, the path to entrepreneurial success hinges on a combination of four vital elements: learning to disrupt the norm; maintaining an unwavering, resilient mindset; seeking partners who are akin to wartime allies; and tapping into the rich tapestry of veteran resources and networks.

    Always have the audacity to challenge the status quo and create solutions to combat it

    George S. Patton once said, “Take calculated risks. That is quite different from being rash.”

    During my deployment in Iraq, I encountered an inefficient supply chain at our base. We had waterlines that were constantly compromised, so we flew in water from somewhere else, then managed that infrastructure in a very inefficient way. We hired U.S. contractors who had no idea what they were doing rather than the locals who had worked on this base for years.

    According to the SBA, veterans are roughly 45% more likely to form their own business compared to people who haven’t served in the military.

    Running the risk of cleaning latrines for the rest of the deployment, I pitched the colonel who ran the base on a way to fix it. He pulled me from my unit to implement my ideas and run infrastructure for the 20,000-personnel installation. Finding deficiencies and optimizing processes became a part of my daily thoughts and motivations.

    Years later, as a federal bank regulator for the Office of the Comptroller of the Currency, I found myself challenging the status quo again in the way we supported and advised banks in optimizing their operations.

    In that setting, the status quo prevailed and I found myself frustrated. From this need to create solutions, my first startup, Tokken, was born.

    Forget the no-fail mission. You will fail. Get back up.

    Before you become an entrepreneur, ask yourself if there’s something else that you could do for a living. If the answer is yes, then do yourself a huge favor and pursue that other thing. If the answer is I absolutely can not do anything else but be an entrepreneur, then go for it.

    Tokken was profiled on the front page of the New York Times DealBook while still in beta mode. The problem we solved was payments and banking for cannabis dispensaries. The solution we created was to build our own rails using cryptocurrencies that would completely circumvent traditional financial rails.

    We had a meteoric rise in terms of traction and growth. Then the political climate around the industry became unstable and we lost many partners on the banking side. Tokken was dead in the water.

    In the spirit of the Marine Corps’ unofficial slogan, I had to improvise, adapt, and overcome after Tokken. Instead of ending my entrepreneurial journey and going back to the Treasury or some other financial services job, I decided to take the learnings from Tokken and start my second company, Joust, a neobank for freelancers.

    Find the investors you would go to war with

    After leaving the marines, I served as a contractor for the Corps’ special-operations command. My job was to facilitate unconventional-warfare simulations.

    During these role-play exercises, I would lead small teams of “local rebels” composed of volunteer marines. The special-ops teams would then attempt to befriend us, train us, and develop a coalition of rebels that would engage in combat with our common enemy. This strategy, otherwise known as asymmetric warfare, allowed us to reduce the number of actual marines who would go into battle, optimizing U.S. resources.

    Through my experience building three companies, I’ve learned that being a founder and building disruptive solutions means being a rebel. And rebels need wartime-ally investors who support their mission with guidance and resources while respecting their autonomy.

    They demonstrate loyalty and risk tolerance, particularly in dire circumstances. They possess an identical mindset to those special-op marines. They are willing and eager to “embed” with the founder and the startup team, and understand how the business is run and why it thrives.

    When looking for investors, find the ones who value an authentic, collaborative arrangement grounded in mutual respect and tolerance.

    The veterans before you have built a network to help you succeed. Use it.

    My last piece of advice is pragmatic. Find programs and people that will help you start and scale your business.

    There are countless programs for veteran entrepreneurs that can connect you to information, resources, and large networks of investors and fellow founders. Here are a few notable ones:

    While statistics affirm the connection between military service and entrepreneurial success, it’s imperative for aspiring veteran founders not to let this statistic inflate their egos, but rather to recognize that the entrepreneurial path, like military service, is fraught with formidable challenges.

    These pillars not only support your journey as a founder but also empower you to overcome obstacles, adapt to change, and achieve remarkable outcomes in the realm of entrepreneurship, potentially impacting thousands of lives in the process.

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    Carrie Andrews

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  • Free Webinar | December 5: How to Capitalize On Your Good Ideas | Entrepreneur

    Free Webinar | December 5: How to Capitalize On Your Good Ideas | Entrepreneur

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    How often have you had a great idea and thought, I should do that, and then you don’t? To make it worse, you then see someone else do it successfully. Now you’re beating yourself up and frustrated at what could have been.

    Clinton Sparks has seen many great ideas never take off. But what Clinton does differently is he learned how to capitalize on his good ideas, and now he joins us on December 5th at 3:00 PM ET for a special webinar where he will talk about:

    • Taking Action Over Claiming Ideas

    • Three Steps to Transform Ideas into Brands

    • The Value of Recognizing Resources

    • Overcoming Self-Doubt and Excuses

    You’ve probably seen or used a product influenced by Clinton and his ability to put ideas to work. He’s worked with global icons like Eminem, Lady Gaga, Snoop Dogg, Pitbull, Diddy, and even launched the career of mega-platinum DJ Snake. In addition, he’s partnered with industry giants, including Ciroc, Build-a-Bear, Sirius, Red Bull, Faze Clan, MLB, NFL, and many others.

    What’s even more exciting is that Clinton is joining the Entrepreneur+ roster. Combining his decades of industry knowledge with his ability to spot trends before they happen, Clinton will create actionable content to help subscribers. Regardless of whether you are a CEO, college student, or aspiring entrepreneur — Clinton wants to give you an edge to help elevate you professionally.

    Sign Up Now

    About the Speaker:

    Clinton is a renowned entertainment mogul, author, speaker, entrepreneur, visionary brand builder, creative executive, and leading-edge innovator when it comes to integrating culture, collaboration, and cross-platform marketing with an outstanding track record of success, and background managing multiple products from ideation to market launch.

    He is also a Grammy-nominated, multi-platinum music producer, songwriter and DJ responsible for over 75 million records sold.

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    Entrepreneur Staff

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  • Internal crowdfunding unlocks innovation and employee engagement

    Internal crowdfunding unlocks innovation and employee engagement

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    Newswise — In a several-round-long crowdfunding initiative, the employees of Siemens AG not only had the opportunity to present their own ideas on an in-house online platform; in the role of investors, they were also able to choose which projects to implement. In other words, they had a chance to do things normally reserved for managers: make decisions and allocate budgets. The researchers assessed how well this distributed decision-making approach worked and the corresponding role of hierarchies. Their conclusion: “Employees submitted high-quality ideas, which their colleagues recognized and financially supported,” says Christina Raasch, a Professor of Digital Economy at KLU and researcher at Kiel Institute for the World Economy (IfW).

    However, these investors weren’t wholly unbiased; they tended to support the ideas of employees at their own hierarchical level. As Raasch explains: “Similarities with the person who submitted it increased their identification with the idea and promoted a sense of group identity, leading to a more positive evaluation.” And the more innovative the idea was, the more pronounced this effect was. In contrast, when investors and creators were competitors, the amounts invested tended to be smaller.

    Tapping hidden know-how and fostering employee loyalty

    Nevertheless, at the end of the day, the advantages of idea competitions with distributed decision-making are self-evident: They allow in-house know-how that is distributed throughout the company and perhaps going to waste to be tapped, while also promoting exchanges and collaboration across internal borders. “In addition, we observed that employee loyalty and motivation improved when their ideas were appreciated and their decisions were respected – the management had no veto power,” Raasch reports. Further, the approach helps to manage larger numbers of ideas, since there are more shoulders to bear the burden.

    Viable paths to joint innovation

    To ensure that companies and employees alike reap the maximum benefits of internal crowdfunding, the processes involved have to be carefully thought through and adapted to the company in question. To ensure the investors aren’t overwhelmed with too many ideas, larger companies should form smaller groups of creators. The management has to stand behind the idea of putting decision-making power in the hands of employees – and can’t snatch it back later. It also needs to be clear where the money the investors are meant to allocate comes from. In most cases, creators want to present their idea together with their own name. Christina Raasch explains why: “This kind of visibility boosts motivation and satisfaction for everyone involved – which is more important than any minor skewing affects in the evaluation.”

    Any company that wants to be innovative and foster new ideas also has to ensure that, if an idea fails, it has no negative consequences for either the creator or the investors; rather, it has to be part of the company’s learning culture. After all, innovations always involve a degree of risk. Another important factor is whether or not investors are anonymous: When investors’ identities are known, they tend to evaluate more thoroughly, but are also more cautious and could be put under pressure by creators. “Another possibility would be to only reveal the identities of the investors for ideas that are implemented,” Raasch suggests. “But I normally recommend permanent anonymity to avoid any potential fallout for investors.”

    How the study was conducted

    Since 2015, Siemens has implemented nine rounds of financing with internal crowdfunding. Here’s how it works: Employees submit their ideas for projects, together with the projected benefits for the company, on a shared platform. All employees can “like” the ideas and share their feedback. Up to a given deadline, creators can continuously refine their projects. Then, a limited number of anonymous investors – all employees are eligible to sign up, and the investors are selected at random – receive a budget, assess the ideas, and are free to allocate funding in 1-euro increments. Those ideas that reach their funding target are green-lighted.

    The team of researchers analyzed the data from the idea platform in anonymized form, assessing e.g. how new the ideas were, the investment choices made, and the hierarchical levels involved – factors that were integrated into the study. In addition, they spoke with creators, investors and managers, and conducted an online survey of employee perceptions of the platform’s benefits. The resulting information offered them deeper insights into internal crowdfunding at Siemens. 

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    Kuhne Logistics University

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