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Entrepreneurship
Medium
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Shared Journeys, Amplified Growth: The UpWest Founders Community
- The UpWest Founders Community recently organized a retreat in California's Russian River Valley.
- The retreat aimed to balance relaxation with high-impact discussions, fostering connections among the founders.
- Various sessions and formats allowed founders to share challenges and experiences, supporting each other.
- The exchange of experiences between seasoned founders and those earlier in their journey was a highlight, emphasizing the sense of belonging in the UpWest founder community.
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The Total Entrepreneurs
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Why Franchising Could Be Your Best Expansion Strategy: A Deep Dive for Startups
- Franchising is an expansion strategy in which an established organization allows another entity to utilize its trademark or trade name.
- Franchising provides an attractive route for swift development and often proves more efficient and less capital-intensive.
- Franchisors benefit by attracting committed franchisees who will invest their funds to set up and run new locations.
- Franchisees often cover the expenses associated with launching and running new locations.
- Franchising naturally spreads business hazards by having franchisees take on their operations’ responsibilities and financial challenges.
- Before embarking on a business journey, assessing whether your startup is genuinely prepared for the move is crucial.
- To guarantee successful hiring, emphasize the unique selling points of the franchise like profitability, brand strength and comprehensive support systems.
- Ensure transparent dialogue with franchisees and provide a supportive intranet platform for sharing advice and feedback.
- Advanced analytics can yield insights into customer behavior, streamline inventory management and tailor marketing strategies.
- Franchising offers a dynamic path for businesses aiming to establish their market presence.
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Addicted2Success
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Why No Entrepreneur Can Afford to Overlook Cybersecurity
- Cybersecurity is essential for every entrepreneur as cyberattacks are on the rise with cybercrime losses expected to sky-rocket to $10.5 trillion annually compared to $3 trillion in 2015.
- SMEs are more at risk than larger companies as they usually have a weak cybersecurity posture and hackers can extract more revenue from a large number of infrastructures.
- Small businesses accounted for 43% of all hacked organisations, as per the US Small Business Administration (SBA) and less than 14% were well-prepared for it.
- Financial and reputational consequences are severe in case of cyberattacks, which may lead to lower consumer trust and organisation's reputation, and higher insurance premiums.
- Cyber incidents were identified as the most dangerous business risk by 50% of company leaders surveyed by the Allianz Risk Barometer 2023.
- Proactive investment in cybersecurity measures can help companies overcome the negatives and make cybersecurity their competitive edge. Businesses prioritizing information protection can defend their assets, establish credibility, increase repeat purchases, improve brand loyalty, and attract investors.
- Ignoring cybersecurity is no longer permissible for entrepreneurs today, and companies must not only mitigate an attack but also survive its consequences.
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Inkbotdesign
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How to Build Your Brand: Guide for Entrepreneurs
- Building a powerful brand isn't about flashy logos or expensive marketing campaigns. It's about authenticity, consistency, and delivering real value.
- Your brand is people's gut feeling when they think about your business.
- Your brand is what people say about you when you're not in the room.
- Your purpose is your North Star.
- Know your audience and create a fictional persona for your ideal customer.
- Clarify your unique value proposition and make it crystal clear.
- Visual identity includes logo, colour scheme, typography, and imagery style. Consistency is key.
- Create brand guidelines and ensure everyone understands and follows them.
- Social media is a powerful and cost-effective tool for most brands. Choose platforms where your audience is active.
- Inauthenticity is the most significant branding mistake to avoid.
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Medium
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350
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Monday morning thoughts on: Investing in early stage founders
- Investing in early-stage founders requires understanding the unique chaos and dynamics of the market.
- Success in early-stage investing is more about the founder and long-term relationships rather than just numbers.
- Great founders possess unfair insights, experiential learnings, and the ability to leverage them to win in the market.
- Transparency, understanding company challenges, and being proactive in addressing them are key traits of exceptional founders.
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Medium
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327
WHY I’M WRONG: DC IS NOT THE NEXT BIG TECH HUB
- Peter Thiel believes that DC will never become a Tier 1 city for tech as it is primarily a government-centric town.
- Thiel argues that DC lacks the talent density necessary for real innovation in the tech industry.
- However, DC's proximity to regulators gives it a unique advantage, especially as tech industries face increasing regulation.
- The author disagrees with Thiel and believes that DC could still become a Tier 1 tech city in the next 5 to 10 years.
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Blackenterprise
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Jason Lee Continues His Journey Into Politics By Hosting A Community Event With Floyd Mayweather
- Jason Lee, a media personality and City Council District 6 candidate in Stockton, California, hosted a community event featuring Floyd Mayweather.
- The event took place at the Bob Hope Theater, with other political candidates in attendance.
- During the event, Lee announced plans to launch an investment group with Mayweather to revitalize the Adventist Health Arena and build a skating rink for the community.
- Candidate Christina Fugazi also shared her vision for Stockton, including an improvement in community engagement and the creation of a home-based police force.
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Eonetwork
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88% of Entrepreneurs Struggle with Mental Health: 8 Ways to Cope
- According to a study of 227 entrepreneurs in 46 countries by Founder Reports, 87.7% of entrepreneurs report struggling with one or more mental health issues.
- Here are eight ways entrepreneurs can cope with mental health challenges:
- 1. Overcome Anxiety with Focus
- 2. Explore Constant Contextual Calibration
- 3. Establish Healthy Boundaries
- 4. Lower Stress in Real-Time
- 5. Use Tech as a Mindfulness Game-Changer
- 6. Take Steps to Prevent Burnout
- 7. Master Your Inner Game
- 8. Emphasize Movement, Mindset, Connection
- Take action today to care for your mental health, a critical step toward building a healthier future for yourself, your family, your company, and your community.
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Bitcoinmagazine
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Vexl: The Next Generation Bitcoin P2P Trading App
- Vexl is an open-source app that enables users to conduct private peer-to-peer bitcoin transactions.
- Vexl is a social network that connects buyers and sellers of bitcoin via their contacts list.
- Communication between users is private, and Vexl doesn’t charge for the service it provides.
- Vexl’s mission is to enable people to use Bitcoin the way it was intended to be used — without KYC, privately and without third-party intermediaries involved in the process.
- Vexl is a non-profit and relies directly on donations and grants.
- The real innovation that Vexl introduces is its unique reputation model.
- Vexl marketplace allows you to view anonymized offers from your contacts and their contacts.
- Vexl is already politically decentralized, and anyone can take the code and alter it.
- Vexl asks for phone numbers to use as an existing network and contacts lists.
- Vexl has seen significant growth in the Czech Republic and Slovakia, and in recent months, local Vexl initiatives have also started thriving in African countries.
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Medium
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309
“I Don’t Understand the Vision”: Why Your Team Doesn’t Get It and How to Fix It
- Leaders often face confusion and misunderstandings when it comes to articulating the company's vision.
- A clear and compelling vision attracts and motivates employees, empowers creativity, and serves as a sales tool.
- Misalignment and ambiguity can lead to the feeling of not understanding the vision.
- To address this, leaders should provide clarity, bridge the gap between vision and day-to-day tasks, set specific goals, and tell a compelling story.
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Medium
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314
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Open-Source AI: Unleash It or Lock It Up – Who’s Really in Control?
- Open-source AI comes with concerns about control and misuse, as anyone can tweak and use the technology.
- There is a fear of open-source AI being used for malicious purposes, such as disinformation campaigns and cyberattacks.
- Big tech companies have invested large sums of money in developing AI models, making them reluctant to give them away for free.
- Companies prefer to lock down AI models behind paywalls to maintain profitability.
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Entrepreneurshiplife
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85
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Bet Smart: Why Legal Betting is a Game Changer
- Legal betting brings benefits like tax revenue, job creation, and player protections.
- Tax revenue generated from legal sports betting can be used for education, infrastructure, and healthcare.
- Legal betting provides options, regulated standards, and diverse choices for players.
- Legal betting ensures player safety through responsible gambling initiatives and security measures.
- Legal betting reduces illegal gambling and creates a safer environment for players.
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Seths
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13
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Facing the future
- Future Shock occurs when the world changes faster than we can handle.
- There are four choices when faced with changing world: Deny, Give Up, Control, Respond.
- Denying the change or giving up is unhelpful.
- The resilient path is to respond by acknowledging the situation and making an impact.
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Funded
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148
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These Are the Reasons You Are Struggling With Sales
- Converting sales is a difficult task for any business but for some, it’s much harder.
- Businesses need to adapt to new technology and software to succeed.
- Capping commissions can hinder overall revenue and productivity.
- Paying close attention to leads can increase the chances of closing a sale.
- Marketing departments need to deliver qualified leads to sales representatives.
- Knowing what your competitors are doing right can provide valuable insight.
- Investing in training programs and sales mentorship increases employee engagement.
- Developing a formal sales process leads to consistent results.
- Implementing these solutions can improve sales productivity.
- Funded.com offers access to angel investors, venture capital or lenders to help grow your business.
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Insider
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917
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What it's like to launch a startup with friends, according to 3 Gen Z cofounders who created a childcare startup together
- Sasha Reiss and brothers Daniel and Josh Andrews launched Playground, a preschool software startup, leveraging their friendship and shared experiences.
- Having met in high school and worked together at a family preschool, they combined their skills—technical knowledge and design expertise—to create a platform that manages registration, payroll, and attendance.
- Part of a rising "friendpreneur" trend among Gen Z, they emphasize open communication, which enhances decision-making and idea generation. However, they also acknowledge challenges, like ensuring diverse hires and managing social commitments. Ultimately, they believe choosing the right friends to collaborate with is crucial for success.
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