SCORE, a nonprofit organization aimed at helping small businesses, recently released theirinfographic on what makes today's entrepreneurs successful. To thrive, entrepreneurs need professional experience, a business plan, the right personality and mentors, SCORE found.
Professional experience gives entrepreneurs the edge they need to make wise business decisions. Entrepreneurs with a track record of success are two-and-a-half times more likely to raise more money, 3.6 times more likely to see better user growth, and 52% less likely to scale prematurely, the infographic revealed.
Taking the time to write a business plan not only gives your business direction, it also improves your odds. Companies with a business plan see nearly twice the success as those without one, SCORE found. Those companies that create business plans also see higher business growth and are more likely to secure capital and loans.
Think you can succeed as an entrepreneur just by being you? If you're overly aggressive and unapproachable, think again. The most successful entrepreneurs are beaming with positive traits, such as openness and agreeableness. The least desirable traits include narcissism, making excuses and emotional instability. Also, while being aggressive can often work to your advantage, entrepreneurs need to kick the bad habit of predatory aggressiveness if they want to be successful, SCORE found.
New businesses shouldn't have to go at it alone. The most successful business owners have relied on some form of mentorship to provide guidance and keep them on the right track. Entrepreneurs who work with mentors are three times more likely to start a business, seven times more likely to raise investment money, and three and a half times more likely to grow demand for their product, the infographic shows. They are also more likely to thrive; although many businesses fail within their first year, 84% of ventures that work with mentors are still in business after one to two years.
Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even give us the courage to pursue our life’s dreams. In my book, 4 Keys to Happiness and Fulfillment at Work, I share surprising research into the true triggers of workplace motivation. So in the spirit of self motivation, here are 100 inspirational quotes.
7 years, 11 months ago
I do this by regularly asking myself and my team a slew of questions to fine tune what we're already doing and find ways to add value for the future. I've narrowed it down to 11 essential questions I always want to be able to answer:
7 years, 11 months ago
No amount of advertising, tweeting or direct mailing can impact customers the way an objective peer review can. That’s because in the era of social media and online reviews, it’s not what you say about your business that matters; it’s what others say about you.
8 years, 1 month ago