Entrepreneurship

Entrepreneurship

“The secret of getting ahead is getting started.”

From starting your business to valuing it for an eventual exit, Modern Money has the resources for you. In this category, you will find in-depth interviews with business owners that discuss the highs and lows of entrepreneurship, tips on starting your business and advice regarding what it takes to succeed.

You Can Become an Entrepreneur Without a New, Groundbreaking Idea

There are many examples of successful entrepreneurs who didn’t have that great idea on their own and ended up building expansive businesses nonetheless. One highly publicized example involves the founder of what is now known as Meta, and a pair of Harvard rowers (for reference, see: The Social Network). In all seriousness, I’m not suggesting you steal your friends’ startup idea and call it your own, but rather that there is a lot more to being an entrepreneur than having an incredible one-off idea, and that the lack of a new, innovative idea doesn’t discount you from the possibility of becoming a successful entrepreneur.

by Ben Attal

Tips for Entrepreneurs

Do I Need a Business Plan?

So you have an idea for a business, that’s great but what comes next? I won’t waste your time writing another article about how to write a business plan, as there are plenty of resources available online to assist you with that. Most of them illustrate what’s the best thing to do in theory, so instead of re-communicating that, I thought it would be more important to talk about how things work in reality...

Tips for Entrepreneurs

Breaking Barriers & Blazing a New Trail in the Life Insurance Industry

Entering into the life insurance industry as a young, female business owner hasn’t come without its challenges, but nonetheless it is very fulfilling. It’s easy to think being young, and being a woman is looked at as being a disadvantage, but contrary to popular belief, it’s being ‘niche’ that can make you successful...

Tips for Entrepreneurs

Preparing a Budget for Your Business – Why It Works and How to Do It

Preparing a budget for your business gives a realistic target for your business to reach. It also gives the company the ability to monitor actual results to the budget in order to spot trends and to keep the business on track during the year...

Tips for Entrepreneurs

Entrepreneurship – Why it’s Worth the Sacrifice

When I told people about the business I was working on, a common response I got was some variation of, “that’s going to be really hard” as if they were trying to discourage me from doing something foolish. Those responses obviously didn’t have the intended effect but did make me want to kick them in the teeth. Of course starting a business/entrepreneurship is hard! That’s why I did it, and that’s why you should too...

Tips for Entrepreneurs

Professional Insights: My Experience in Becoming an Entrepreneur

For me, success is finding something – a journey or a process – that you enjoy. It can be solving a world problem, a social problem, a business problem, writing novels or making sure that you have great relationships with your friends and family. Something that will allow you to feel fulfilled at the end of the day...

Tips for Entrepreneurs

Strategic Planning for Business Owners

Learn the keys and benefits of building a strategic plan for your business to ensure you're prepared for upcoming opportunities and challenges...

Tips for Entrepreneurs

Why Your First Customers are Your Most Important Partners

Learn about how to leverage your first customers to improve your business and become more successful...

Tips for Entrepreneurs

How to Value Your Business – Important Considerations

Business valuation is a process of determining the economic value of a whole business or company unit. Here are some key strategies and considerations when valuing your business with tips to ensure maximum value...

Important Insurance Considerations for Business Owners

What happens to a business if the owner is not able to manage that business as a result of an injury, sickness or death? Planning for these unforeseen events can help ensure the survival of the business and the financial well-being of the business owner’s family. This planning may include...

by Courtney Vertz

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