POSTS TAGGED : entrepreneurship

Investment Banker Joseph Rallo to Aspiring Entrepreneurs: Do These 5 Things Now

It’s no secret that most new businesses fail before they manage to turn a profit. Recent numbers from the Bureau of Labor Statistics show about 20% of startups failing in the first year, about 50% by year five, and over 65% by year 10.

Joseph Rallo

Many entrepreneurs take the first failure as a sign that they should do something else with their lives. Others dust themselves off and get to work on a new and hopefully more successful idea.

Veteran investment banker Joseph Rallo has worked with countless entrepreneurs and startup teams in a variety of high-growth industries over the years. He’s seen plenty of examples of both outcomes.…

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Is Social Entrepreneurship Just a Buzzword?

Social entrepreneurship is hailed as the ideal marriage of capitalism and altruism—a business model that drives profit while solving pressing social issues. However, in an age where every company is eager to display its commitment to sustainability, equality, and community well-being, it begs the question: Is social entrepreneurship a genuine effort to create meaningful change, or has it become a convenient marketing buzzword?

Social entrepreneurship

As the concept gains popularity, critics argue that the label “social entrepreneurship” is increasingly co-opted by companies prioritizing public image over impact. Let’s explore whether social entrepreneurship is a meaningful movement or a cleverly packaged sales pitch.

What is Social Entrepreneurship?

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Entrepreneurship 2.0: Navigating the Digital Revolution

The emergence of Entrepreneurship 2.0 has ushered in a new era—one defined by the digital revolution. With the rapid advancement of technology, entrepreneurs find themselves navigating uncharted waters where innovation, connectivity, and adaptability are the currency of success.

Entrepreneur 2.0

photo credit: Rawpixel

In this article, we’ll explore how Entrepreneurship 2.0 is shaping the business world and the strategies entrepreneurs must embrace to thrive in this digital age.

The Digital Transformation

Entrepreneurship 2.0 is characterized by the profound digital transformation that has swept across industries. From e-commerce to artificial intelligence, entrepreneurs are harnessing the power of digital tools to create, market, and scale their ventures.…

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Entrepreneurship Education: How Much is Enough for Business Success?

For aspiring entrepreneurs, deciding how much education is necessary can be difficult. While some successful business figures attribute their success to their educational experiences, others have foregone higher education completely.

Business school students consulting with a lecturer

However, though the answer is subjective and sometimes complex, having some guidance around the pros and cons of different educational options can be incredibly helpful.

Let’s explore how much education is enough for business success.

The Pros of Business School Education

As has been mentioned, entrepreneurs are generally split on whether entrepreneurs need to go to business school. Even so, there are undeniable benefits that can come from traditional business education.…

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Creative Entrepreneurship: Artists Mastering Entrepreneurial Strategies to Monetize Their Craft

In the ever-evolving landscape of the creative industry, artists are no longer solely reliant on traditional avenues like galleries or exhibitions to monetize their craft. Today, a new generation of artists is successfully blending their artistic talents with entrepreneurial acumen, proving that there is indeed an intersection of art and business. This intersection not only empowers artists to sustain their creative pursuits but also allows them to thrive in the competitive world of commerce.

Paint artist

Navigating the Digital Realm

The digital age has revolutionized the way artists promote their work and connect with their audience. Social media platforms have become powerful tools for artists to build a brand and showcase their art.…

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How to Start Your Own Business in Your 20s: Timeless Wisdom for Young Innovators

If you’re currently in your early 20s, you’ve probably grown up surrounded by ‘hustle culture’, the idea that you should always be working hard to build success. In the past, this typically meant working your way up in a company and making money for someone else. The current social and economic landscape, however, champions entrepreneurship. If you’re bold and innovative, your 20s are the perfect time to start working for yourself.

Young entrepreneur

Starting an entrepreneurial journey can be as challenging as it is thrilling. To ensure your success in the world of business, we’ve put together a list of four tried-and-true tips all young entrepreneurs should follow.…

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The Role of Mindset in Entrepreneurial Success: Cultivating a Positive and Resilient Attitude

Are you an aspiring entrepreneur looking to rise in success? Crafting a successful business venture often relies on more than logic and clear-cut processes; the right mindset is also integral.

Entrepreneur

Regardless of age, experience, or industry, entrepreneurial achievements almost always require resilience, optimism, and thoughtfulness. But how do we cultivate these attitudes, especially when faced with adversity? Chandler LeGrange tells us how maximizing your mindset may be able to help you. It is about cultivating positive and resilient attitudes!

What is Mindset and its Role in Entrepreneurial Success

Mindset refers to the general attitude and beliefs toward oneself and the world.…

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The Tax Issue for Entrepreneurs Moving to Spain

Spain is a very popular destination for entrepreneurs looking to set up their business. However, there are a few things to consider when it comes to taxes. In this article, we take a look at the tax issue for entrepreneurs moving to Spain.

Entrepreneur in Spain

Spanish Tax Rates

The spanish tax rates system is one of the most complex in Europe. This is because the Spanish government has a large number of autonomous regions, each with its own tax rules. As a result, the tax rates for businesses can vary significantly depending on their location.

The corporate tax rate in Spain is 30%, which is relatively high by European standards.…

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Tips to Be a Successful Entrepreneur in the Hospitality Industry

Entrepreneurship can be a challenging road. Starting a venture in today’s hospitality industry, which has been thrashed by the COVID-19 pandemic over the past 2+ years, can be a particularly bumpy road.

Restaurant business

However, armed with the right preparation and all the knowledge you can get from a Masters in Entrepreneurship, you can enter an entrepreneurial endeavor with the best chance of taking your idea all the way through to success.

Craft Your Self-Care Strategy

Many successful entrepreneurs look back at their careers and acknowledge how their workload took a toll on their physical, mental, and emotional wellbeing. Entrepreneurship requires a lot of anyone who steps into the ring.…

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Increasing Your Potential as an Entrepreneur

Having a dream to start your own business is one thing, but turning that dream into a reality is a completely separate entity and one that can come with some challenges. It often isn’t easy starting your own business from nothing, and it can take some time before you start seeing revenue, but it’s a dream worth pursuing if you’re determined enough and if you keep sight of your end goal.

Salon owner

Create a Business Plan

Every successful business started with a business plan. A business plan is something that outlines how you’re going to go from a brand new start-up to where you want to see your business in five years, ten years, twenty, and so on.…

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