Business Entrepreneur

Making Time for Professional Development When Owning a Business


8 min read

Opinions expressed by Entrepreneur contributors are their own.


This article was written by Alex Sixt, a member of the Entrepreneur NEXT powered by Assemble content team. Entrepreneur NEXT is our Expert solutions division leading the future of work and skills-based economy. If you’re struggling to find, vet, and hire the right Experts for your business, Entrepreneur NEXT is a platform to help you hire the experts you need, exactly when you need them. From business to marketing, sales, design, finance, and technology, we have the top 3 percent of Experts ready to work for you.

Whether you’ve been a business owner for years, or you’ve just begun your journey into entrepreneurship, professional development is likely one of the last tasks on your mind. With so many business needs pulling you in multiple directions, it can be easy to forget to spend time developing yourself.

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3 things to consider before you pivot your business model

When Ross asked Rachel and Chandler (Friends TV show 1994-2004) to move a couch, many of us will never forget his voice inflection and how many times he yelled “PIVOT”! It’s actually a really funny scene and if you’ve never seen it, it might be worth 3.5 minutes of your time. Ross had the best of intentions by starting with a sketch and enlisting help from friends but even that ends up in hilarity as getting his couch in to his apartment doesn’t work and he ends up being offered $4 when he tries to return it (stay for the end of the clip).

The best plans and intentions for your business are often met with what the market and customers demand, where technology grows, and where your ROI is the best. You often know that your original plans will grow and evolve, even in uncertainty and now… a global

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Why Right Now Is the Best Time Ever to Start a Business


4 min read

Opinions expressed by Entrepreneur contributors are their own.


“I am really concerned about starting a new company right now. I think the world is too unstable and it’s just too risky,” a very close friend of mine was relaying to me the other day. “I have a job. I don’t want to voluntarily quit, have my company fail and then struggle to find something on the other side.”

“You need to look at things differently,” I responded. “You need to look at the extraordinary opportunities and the lower barriers to entry for starting a company right now. You can have access to people and talent that you would not have had previously.” 

“Yes, I know, but I am still worried,” my friend immediately responded. “I guess I want to have my cake and eat it.” 

As technology futurist Kevin Kelly would say, right now

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How to Make Smart Bets in Business


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Business is full of bets, especially where investing is concerned. If you’re interested in rolling the dice by purchasing a business, making an angel investment in a startup or even allocating your hard-earned money for your first employee, it’s important to know what makes a smart bet and how to protect yourself from a worst-case scenario. It’s worth stating that even deciding to go into a business of your own is a form of a bet, and merits the same type of background due-diligence.

This may require testing or gaining new knowledge, but a thorough understanding is critical, especially with glaring statistics regarding the failure rate for startups at a whopping 50 percent, according to Small Biz Genius. With statistics like these, there’s no way to ensure success. However,  there are definitely ways to think through

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10 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Poor performance in business doesn’t always imply the failure of a business. It can be an improving point for a business or mark its upward trajectory. Hiring an expert or a coach to walk you through this stage can help you minimize the chances of failure although identifying the problem first can be a great way to create a long-lasting strategy. Whichever path works best for you, improvement should be the ultimate goal.

We asked entrepreneurs and business owners on their best business or entrepreneur turnaround story and here are the responses.

#1- Reed Hastings

Photo Credit: Paige Arnof-Fenn

Everyone always talks about Steve Jobs and Apple but my vote now goes to Reed Hastings at Netflix. When it launched in 97 it was a DVD rental business whose only real value proposition was the mail-order element of its operation. Fast forward 20+ years and Netflix has become one of

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Business Entrepreneur: Being the tenant

For many business entrepreneurs who are renting premises from which to operate their businesses, COVID-19 and the hard lockdown has forced many to relook at their lease agreements.  Many entrepreneurs suddenly realise the weakness of their contractual position and the strength of the landlord’s position.  In many instances, the entrepreneur may have signed personal surety and are therefore joint and severally liable together with the business under the lease agreement.

Entrepreneurs may notice that their lease agreements have no force majeure provisions, hardship clauses or even mediation or alternative dispute resolution provisions.  Many lease agreements entered into with large corporate landlords have breach provisions that are one sided and all in favour of the landlord.  In fact, your lease agreement may fail to have any provisions dealing with breach by the landlord.  We have found that many tenants that have their businesses and leased premises in shopping malls, where additional

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Cybersecurity Practices That Protect Your Small Business


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Success instills pride. Unfortunately, valuable possessions also attract thieves. Entrepreneurs think lack of customers, bad service and limited capital are what causes bankruptcy. Try being a victim of cyber crime.

The National Cyber Security Alliance found that 60 percent of companies that are victims of a cyber attack go out of business within six months. The average loss is $200,000, according to a 2019 report by insurance carrier Hiscox. That’s a hefty sum for startups, most of which are already reeling from the virus outbreak. Currently, 15 percent of small businesses do not expect to survive the recession, which means a cyber attack would have devastating consequences.

Here are cybersecurity practices that protect your business.

Train staff on security protocols

While big companies get all the media attention, hackers also exploit smaller organizations. It’s partly because

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10 Lessons Every Entrepreneur Should Learn About Their Business


7 min read

Opinions expressed by Entrepreneur contributors are their own.


I co-founded a company 10 years ago, and in that decade we’ve closed seven M&As, expanded our operations, dramatically increased revenue and forged strategic partnerships. But of course this journey had its fair share of highs and lows. Here are 10 things I’ve learned that I think can be helpful to any entrepreneur. 

Related: How One Franchise Company President Makes Better, Faster Decisions During Uncertain Times

Know when to say no to a deal

Early on, an investor offered $25 million to acquire ironSource, even upping the bid to $40 million two months later. We turned the offer down. When you’re in this position, it’s critical to deeply question yourself and to be brutally honest. I certainly was. If your goal is to create something and then move on to your next challenge once your business

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Insurance – Life,Property,Marine,Fire,Liability,Social,Guarantee-insurance

If you’ve got ever been in a car twist of fate that becomes greater than just a little fender bender, or if your property or residence has ever been burglarized, higher than most of the people how critical insurance dealers are. If your place gets burglarized, you almost in no Continue Reading

If you’re a Canadian and had been in the workforce for a decade or greater, then you realize that your profits purchases much less these days than the first yr of your operating profession. Inflation is a part of our society and whilst our government maintains to devalue our cash Continue Reading

Don’t invalidate your hearth insurance policy. I find this a very strange case however it just suggests how important it’s far to study the small print as in case you forget about the conditions

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