Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.

Entrepreneurship has been described as the "capacity and willingness to develop, organize and manage a business venture along with any of its r...isks in order to make a profit". While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to "lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of all of these.

A broader definition of the term is sometimes used, especially in the field of Economics. In this usage, an Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technology into new products: "The entrepreneur is able to recognize the commercial potential of the invention and organize the capital, talent, and other resources that turn an invention into a commercially viable innovation." In this sense, the term "Entrepreneurship" also captures innovative activities on the part of established firms, in addition to similar activities on the part of new businesses.
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Startup

5 ways for startups to increase productivity

Ask nearly anyone, and they'll tell you they wish they had an extra hour in every day. Ask a startup entrepreneur, and they might tell you they wish they had an extra five hours in their day. So, while we might all wish for it, we aren't magical, and we'll have to do with the time we're given. The best answer to gaining time is to get more productive with your day. In this article, we look at five ways for startups to increase productivity. Do this, and you just might find that elusive extra hou...
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8 tips to improve your resume

A resume is essentially your professional life experience all consolidated into a single document. Upon entering the workforce, you will need a resume to apply for new jobs. This is your chance to showcase your skills to recruiters and prove why you are better qualified and well suited for the position rather than other candidates competing for the role. Regardless of the experience and skills that you currently possess, little adjustments to your resume can go along way to improving your profil...
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5 cash flow management best practices for startups

Your goal with your startup is to make money, right? This is why it's so important to keep money in the bank moving in and out in a healthy manner. If you want your startup to succeed, you'll have to manage your cash flow with finesse. This can be difficult for new business owners especially when it comes to keeping tabs on your burn rate. In fact, not paying enough attention to your cash flow can result in startup failure. Even if you are profitable, or you've raised a lot of capital, things ca...
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Stop talking, start innovating

Talk about innovation is everywhere – in board rooms, conferences, employee meetings and university classes. In 2019, it is estimated that billions of dollars will be spent developing innovation competency in corporations, ministries and society. However, to gain real returns, business leaders must stop talking and start being innovative daily in their actions, decisions and management approaches. In Silicon Valley, innovation comes through action. To be innovative, leaders must:   1. Be cu...
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What startups need to know about payroll accounting

So you've opened your doors, you've hired your first round of employees, and now you need to pay them. While payroll may seem like an easy task, it's full of twists and turns that can trip up even seasoned bookkeepers. Here is what startups need to know about payroll accounting to ensure it's done accurately and in a timely manner. Decide pay dates Your first step is to set up your payroll. It's a safe bet that your employees want to know for certain when their paycheck is coming. You have sever...
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How to avoid a mediocre life


"Knowing is not enough; we must apply. Willing is not enough; we must do." Bruce Lee A couple of questions for you… How many of the things that you told yourself at the beginning of the year that you were going to do, have you followed through with so far? How long will you wait until something you "should" do becomes something you "must" do? What is really stopping you? In this video, I talk about the importance of taking action. You see… Knowledge is only potential power. The real, true power ...
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Why hiring an outsourced CFO can help startups grow more quickly

Your startup is growing, and you are busy. You're selling your products, it's time to hire more staff, and things are looking good. Yet, because you're so busy, you don't have time to look at your finances, and perhaps your cash flow doesn't seem as good as it could be. Your startup needs financial systems and processes in place to help it grow, and to do that you need to hire someone to take care of it for you, so you can concentrate on your duties. In this article, we'll look at why hiring an ...
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Where are the unicorns?

There are 309 private companies around the world valued at $1B+ as of 1/18/2019. Collectively these companies are worth as much as $1,085B and have raised a combined total of nearly $261B. Last year, 111 new companies joined the global unicorn club — a 56% increase from the 71 new unicorns in 2017. The unicorns are in 13 categories, from autotech, traveltech, health, fintech, ecommerce, social, cybersecurity, ondemand, internet software services, hardware, edtech, aerospace, renewables, real est...
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Things startups need to consider once they receive venture backing

You can find many articles on the internet about how to get funding. In fact, you may have even gotten loads of advice on how to get venture capital from business leaders in your community. The one problem, though, is few people tell you what to do with it once you have it. Let's take a look at things startups need to consider once they receive venture backing. Plan your budget wisely Your venture capitalists are going to want an accounting of where you are spending your money. They will expect ...
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Everything you need to know about car sharing

If you live in a big city, you've probably seen cars with Cars2Go, ZipCar or Turo logos driving around. These brands are part of a fast-growing trend that lets you "rent" a shared car whenever you need it. Whether you're going grocery shopping or getting across town for an interview, using a shared car is a unique alternative to owning (and paying for) your own car. Car sharing is a big win for anyone with an environmental conscience –– just one shared car eliminates the need for up to 20 person...
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