It’s possible to switch hats, to have side projects, to have two ‘jobs’. But we can’t wear both hats at the same time, can’t freelance our way to entrepreneurial success.
That company or project you started isn’t working out. You were excited, early customers were excited, but once you launched nothing really happened. Even worse, it’s not a total failure. You made some money. Not enough to grow, but at least a few people paid for it. When do you pull the plug and move on?
Curious about entrepreneurship, but not sure where to start? Learn from MIT’s entrepreneurship program, MIT Launch, which is geared toward high school students, but applicable to budding entrepreneurs of any age. In just six weeks, build the mindset and acquire the tools, skills and knowledge to start your own venture.
Years ago a guy decided he had some talent making cakes and wanted to start a business. But he had no clue how to start. So he went to his dad who is already a successful entrepreneur and PhD in Economics and asked him how to get started. His Dad’s reply? “If you want to have a cake business, you need to sell cake.”
Most people worry about what other people think of them. Most people worry about their health. Most people are at a crossroads and don’t know how to take the next step and which road to take it on. Everyone is in a perpetual state of ‘where do I put my foot next’. Nobody, including me, can avoid that.
How did the greatest entrepreneurs start out? What were their biggest successes? What failures did they have to overcome along the way? We’ve charted the careers of 33 inspirational company founders, from the man behind Heinz beans to the woman behind Ultimo bras, to show that there’s more than one path to success.
Simon Sinek has a simple but powerful model for inspirational leadership all starting with a golden circle and the question “Why?” His examples include Apple, Martin Luther King, and the Wright brothers.
Recently, I’ve been trying (again) to write every day. (I’m not shooting for 1k words this time, but perhaps I should…) Once again, I found myself holding a few ideas close, reluctant to write them because of my perceived lack of skill. It really struck me the other day how ludicrous that reluctance was.
The way to have good ideas is to get close to killing yourself. It’s like weightlifting. When you lift slightly more than you can handle, you get stronger. In life, when the gun is to your head, you either figure it out, or you die. When you cut yourself open, you bleed ideas. If you’re broke and close to death, you have to start coming up with ideas. If you destroy your life, you need to come up with ideas to rebuild it.
I’ve lived and worked remotely in approximately 29 countries since I finished school three years ago. I’ve been running Toptal, a venture funded company growing hundreds of percent year over year—all from my laptop, phone, and tablet… I was repeatedly asked if I had some sort of guide or checklist for traveling/working the way I do. Especially for first-timers, the idea of adventuring while working can be daunting. There are a lot of details to consider, and I’ve learned a lot from my own trial-and-error.
Explore how to identify and develop great ideas into great companies. Learn how to identify opportunities based on real customer needs. Take the first steps to creating a successful company.
“With the advent of online project management tools and access to a huge talent pool, we could assemble a team with all the skills you could possibly need to build a company. We have staff literally spread across six continents. They are an incredible team that brings us a level of skills and cost-efficiency we could never get in the past,” says Shapiro.
The rise of digital nomads are seeing a number of entrepreneurial hubs spring up across the world – but where are they and what do they tell us about modern business?
But for all the rah-rah-rah, there are serious, under-discussed challenges with an idiosyncratic, comparison-destroying life.
The main idea in this course is learning how to rapidly develop and test ideas by gathering massive amounts of customer and marketplace feedback. Many startups fail by not validating their ideas early on with real-life customers. In order to mitigate that, students will learn how to get out of the building and search for the real pain points and unmet needs of customers. Only with these can the entrepreneur find a proper solution and establish a suitable business model.
A powerful scene is emerging in Ho Chi Minh City, Vietnam or as locals refer to it by its old name, Saigon. Entrepreneurs from America to India, from Japan to Spain are calling this city home while they’re grinding out their MVPs. It’s a scene, a location independent startup scene that should be on your radar if you’re a bootstrapping entrepreneur looking to extend your runway.
One year ago, I left San Francisco, sold and gave away everything I owned, and moved into a 40-liter backpack. I traveled to 45 cities in 20 countries, three Disneylands, and one bunny island. I also worked 50 hours a week building and launching a startup. And my total costs were less than just the rent in San Francisco.
I’m Natalie Sisson and I like to call myself the Suitcase Entrepreneur because, since leaving New Zealand in 2006, I’ve travelled the world, lived out of my suitcase and run an online business that allows me massive freedom while generating a six-figure income in 2014 alone.
Hi, I’m Levels.io. I make Nomad List, Remote | OK, Startup Retreats and Go Fucking Do It. I travel to work from anywhere, bootstrap companies and only own what fits in my backpack. Previously, I founded a music network on YouTube w/ 100+ mln views.
Joshua Fields Millburn & Ryan Nicodemus write about living a meaningful life with less stuff for 4 million readers. As featured on: ABC, CBS, NBC, BBC, TODAY, NPR, TIME, Forbes, The Atlantic, New York Times, Wall Street Journal, USA Today, and National Post. They live in Missoula, Montana.
This blog is one of Inc. Magazine’s “19 Blogs You Should Bookmark Right Now”, and it has been ranked #1 on the Top 150 Management and Leadership Blogs list, based on Google PageRank, Alexa traffic ranking, Bing results, Technorati authority, Feedburner subscribers, and PostRank.
I’m a professional author and international speaker, I co-founded a publishing company, and I travel full-time, moving to a new country every four months or so, that country determined by the votes of my readers.