Opinions expressed by Entrepreneur contributors are their own. The business world respects unicorn startups and with good reason. To qualify as a unicorn startup, a company must have an investor valuation of $1 billion or more, and there are over 1,200 unicorns in the world as of March 2023. The path to unicorn status may…
Opinions expressed by Entrepreneur contributors are their own. Since the start of 2023, leading companies, including Vice Media, Virgin Orbit, David’s Bridal, Bed Bath and Beyond and Jenny Craig, have filed for bankruptcy. More broadly, underlying economic conditions have resulted in a flurry of business failures, with a 77% increase in commercial Chapter 11 bankruptcy…
Opinions expressed by Entrepreneur contributors are their own. When starting a business, it’s natural to go after small clients: It generates revenue, sharpens your offering and lets you make mistakes on a lesser scale. But it’s not the only way to grow. My company was three years old when we landed our first multi-million dollar…
Opinions expressed by Entrepreneur contributors are their own. Whether the economy is doing well or in a phase of uncertainty, the fundamentals of building an investable start-up remain the same. You don’t need to be a mind reader to determine what investors want to know. Here are five tips to help convince potential investors that…
Opinions expressed by Entrepreneur contributors are their own. Running a startup isn’t easy. With a smaller workforce, you may be responsible for growing sales, sustaining your operations, keeping in compliance and many other tasks. And when something goes wrong, you’re often the one that clients and employees turn to for help. So while company ownership…
Opinions expressed by Entrepreneur contributors are their own. There are lessons to learn every day in the business world. Often, we find ourselves looking to companies in our industry or vertical for winning examples and strategies. This is a great habit, but sometimes you have to look beyond the familiar to find new unique approaches…
Opinions expressed by Entrepreneur contributors are their own. Starting my business, five months after September 11, 2001, was no easy feat. There was a lot of uncertainty in the world and no one wanted to spend money. To top it off, I had no clients. I was just armed with a lot of self-belief and…
Q: Every founder seems to have a personal brand, but it doesn’t appeal to me. Do I really need to do this? — Eloise, San Diego Before I answer your question, consider the following scenario: Imagine comparing two people who work for you. One employee does everything that you ask of them. The other does…
Opinions expressed by Entrepreneur contributors are their own. While any entrepreneur can technically call themselves a chief executive officer (CEO), there’s a marked difference between a CEO with one employee and a CEO who leads an executive team. To go from one to the other successfully, a business owner must know what it takes and…
Opinions expressed by Entrepreneur contributors are their own. The subscription economy has been on the rise and will only continue to grow. With the global subscription eCommerce market expected to exhibit a Compound Annual Growth Rate (CAGR) of 65.5% between 2023 and 2028, it’s not a surprise that so many businesses are looking to pivot…
Kristina Saffran nearly died during her freshman year of high school. She had anorexia nervosa, considered one of the most fatal mental health disorders, and was in and out of the hospital as doctors struggled to find a solution. It was a family-based outpatient treatment that finally helped her recover. She was so grateful that,…
Opinions expressed by Entrepreneur contributors are their own. There’s a difference between a customer who spends hundreds at your store at a regular cadence and one who buys the cheapest product and then never comes back. As an ecommerce owner, founder or operator, you want to make sure you’re driving “higher-quality customers” from your marketing…
Opinions expressed by Entrepreneur contributors are their own. Starting a business is an exciting but daunting prospect. You need to consider many factors when taking the plunge and deciding whether or not you can make it a success. One crucial factor that shouldn’t be overlooked is trusting your gut. Trusting your gut means more than…
Elaine Weir is retired, which means that — apart from the swimming lessons she teaches a few times a week — she has a lot of time on her hands. So in the summer of 2019, when she saw a Facebook ad for the geothermal energy company Dandelion, she called them up to investigate. “I…
Opinions expressed by Entrepreneur contributors are their own. Marketing is a very important part of running a business. To succeed in the competitive world, you need a strong marketing strategy that connects you with your target audience and helps you achieve your business goals. But it’s important to note that marketing isn’t just about promoting…
Opinions expressed by Entrepreneur contributors are their own. Jonathan Berent remembers the day he decided to found NextSense, a startup making revolutionary earbuds that read brain waves and could help treat conditions like epilepsy, insomnia, and depression. At the time, Berent was working at X, Google’s iconic “moonshot factory” — a laboratory for developing ambitious,…
Opinions expressed by Entrepreneur contributors are their own. Collaboration is a powerful tool that has become increasingly essential in the modern business world. Working together with others can help drive growth, innovation and success. In this article, we will explore the importance of collaboration in today’s competitive environment and provide some tips for how businesses…
Opinions expressed by Entrepreneur contributors are their own. Passive income has long been the holy grail for entrepreneurs looking to free up their time, untethering the cord of daily duties and responsibilities from the potential to generate healthy monthly revenues. While the importance of passive income isn’t often doubted, the monumental hurdle often required to…
Opinions expressed by Entrepreneur contributors are their own. The problem with great customer service is that everyone seems to think they know how to do it — it’s a piece of cake, right? Wrong. That’s why, as a customer service transformation expert, I get down to brass tacks with my clients right away — the…
Opinions expressed by Entrepreneur contributors are their own. In the contemporary business landscape, we can say in the last 20 years, the revenue per employee (RPE) has emerged as a salient financial metric, commanding the attention of Big Tech companies as a critical determinant of organizational success. RPE, which quantifies the average revenue generated by…