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How To Raise Capital to Fund your Business.

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Putting all your eggs in one basket is never a good business strategy. This is especially true when it comes to financing your new business. Not only will diversifying your sources of financing allow your start-up to better weather potential downturns, but it will also improve your chances of getting the appropriate financing to meet your specific needs. Keep in mind that bankers don't see themselves as your sole source of funds. And showing that you've sought or used various financing alternatives demonstrates to lenders that you're a proactive entrepreneur. Many of us are endowed with great business ideas. However, the rate of implementing those ideas is very low due to lack of capital. It is why many people die with ideas that, if they were implemented, would have transformed the world into a better place. As an entrepreneur, you need to try and push yourself to the limit to make your ideas reality. Nowadays, banks have become so conservative with their cash. There are so …

Entrepreneurship is a SAD and TOUGH Journey

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Being an entrepreneur might be the coolest fad in town, but by no means is it an easy one. It takes way too much out of a person — physically, mentally and emotionally. It’s like taking a vow that from that day onwards, you are going to put one thing (your startup) before every other thing in your life — your comfort, your joy, your family, your friends and, at times, even your peace of mind! In fact, many people actively avoid entrepreneurship because of the risks involved, the overwhelming amount of responsibility, the fact that there is no real work/life balance, and at the end of the day, every misstep or mistake falls on your shoulders.  But those of us that have decided to try our hand at entrepreneurship don't think too much about those things--that's probably why we're so gung-ho about it.
We become entrepreneurs because we want financial reward on our own terms. We want to build something special, and we believe in ourselves enough to do so. This is what makes e…

Guidelines to internet content based Entrepreneurship.

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Entrepreneurship, a term almost all of us are aware of. As per the Oxford dictionary, entrepreneurship can be defined as “the activity of making money by starting or running a business.” So, the idea of what this term is is pretty clear. A single fact throws much of what we think we understand about entrepreneurship into confusion: over 90% of successful entrepreneursmake less money than other people who perform similar tasks and similar responsibilities, even after ten years of running their business. For example, an entrepreneur who owns a restaurant will most likely make less money over ten years than a person who manages a restaurant of a comparable size. This leads to a curious paradox: Entrepreneurship, as a powerful engine of job creation, is an important economic activity, but economics can’t help us understand it—or even make sense of it. Entrepreneurship is first and foremost a social phenomenon, not an economic one. In my experience, most entrepreneurs are not motivated prima…

Best TIP i have ever gotten as a Waitress at Entrepreneurial Cafe.

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How one entrepreneur learned to turn a no into a yes.I often reflect on how lucky I am to have been taught, early on, the two most valuable words in business: just ask. As an entrepreneur who felt in over my head and unqualified to take on the roles I did (and do), asking became my magic. And it’s damn addictive. Once I started to realize that asking leads to yes far more than it leads to no, it became a habit for me, fueled confidence, and led to self-fulfilling outcomes. One of my favorite “just ask” stories came early on when I was building my marketing and communications firm, Prosek Partners. We were in a high-profile competition for a new piece of business. We did so well in the first round that we were told, “You’re going to get it. You just have to pass muster with the founder.” The partner who delivered that news was named Andrew. He reinforced how impressed he was and how good the chemistry was between our teams. But unfortunately, at the meeting with the founder, we froze. He …

How to start and sustain a profitable business in your twenties

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If you’re young, and you are entrepreneurial, your single greatest asset is your age. What they fail to tell you in school is that being “older” doesn’t necessarily make you “better.” What it makes you is different. When you’re older, you see things through a lens created through years and years of varying experiences. In your industry (and/or tangential industries), you’ve learned what works, what doesn’t work, what people want and what they don’t want. You know the rules of the game. You know how people operate. And above all, you know enough to where you don’t feel not defeated when someone says that scary word, “No.” Your 20s are meant for hustling. While your friends are enjoying “Sunday Funday” and going out on a Thursday night, you can be growing your own business and laying the foundation for your future success. Millennials and Gen Zers have an amazing opportunity at their fingertips. While our parents’ generation had to put in the time and work their way up the corporate ladder…

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