A lot of people have ideas and want to start their own business. But how many of these ideas actually become successful businesses? However, running a business can be a scary thing. You are giving up your safety from the daily grind to take a
Climate change is affecting all areas of life, including businesses. Natural disasters are becoming a common occurrence within the United States and are projected to rise. Hurricanes, tornadoes, earthquakes, mudslides – these can cause any business to suffer physically and economically. Here are a few
Back in 1989, Trump added a luxury airline to his empire. But in less than 3 years, Trump Shuttle would be seeing its final descent.
In its heyday, Pier 1 Imports had 18,000 employees and over 1,000 stores worldwide, bringing us the most eclectic and quirky array of home furnishing design and décor products—from love beads, exotic rattan chairs, to other treasured goods. For over 5 decades, Pier 1 took
Kodak dominated the consumer photography market for over a century and their downfall seems to be obvious in their inability to adapt to the digital age. But when you look closer at the company’s history, you’ll come to see that ironically what made them so
An estimated 90% of new startups fail. As an entrepreneur, this probably doesn’t sound like a motivating statistic. But what causes startups to fail? At what point in the business cycle does this happen? How can you prevent it from being a complete failure and
“$1,000 on black!” the professional gambler yells out, in a very confident tone. “Matter of fact, make it $2,000 on black!” What are his chances of hitting black in Roulette? 50/50? Perhaps. What are your chances growing your business and having no setbacks? Well, according
Let’s face it: no one likes to lose and no one likes to fail! Whether you’re an aspiring entrepreneur, a talented athlete or a newly promoted manager, you will face tough times in your career where you don’t get that win. But both losing and
Ten year, five year, three year, one year, or six month plans simply just don’t work out sometimes…That’s a lie. They don’t work out the majority of the time, especially the way you thought it was going to play out. But planning it made you
Entrepreneurs are idea thinkers. They are the individuals that see a problem—and can come up with a solution for resolving it. Therefore, in order to be an entrepreneur, there is only one fundamental question for getting started: What is your big idea? This, in short,
So, you are thinking of starting your own business. What do you have to lose, right? Well that’s a good question. If you answer the question without too much thought you may say, “Probably not too much.” But there is way more to it than
I was asked to write about this but, honestly, I’m probably the worst person to ask this question to. Personally, I don’t know when to quit. I just keep pushing and pushing. As I’ve gotten wiser, I’d like to think I’ve learned a bit about
Evolution Accelerator, an entrepreneurship program based in Sacramento, helps entrepreneurs avoid the common mistakes that cause most startups to fail. The Evolution team has seen hundreds of new startups at every stage of development, all the way from idea to investment. Here is a list
The path of entrepreneurship is one abundant with adversity and requires a resilient character to overcome the setbacks. Mistakes in entrepreneurship can be financially damaging, discourage enthusiasm, and impede progress, all of which can be detrimental to the overall success of the entrepreneur. Entrepreneurship is