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 risks in...
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 risks 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

How startups can get traction by attending trade shows

Are trade shows worth it for your startup?The answer is yes. While many businesses forgo trade shows for other forms of advertising, if you do this, you're leaving money on the table.Trade shows create an incredible opportunity for your startup to be seen. It's a great place for people to try your product and see it in person.What's more, Meeting Professionals International found there's a 40% close rate for meetings you have in person. Let's say you're selling hot tubs at a trade show – that's ...
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How to turn your hobby into a successful business

Everyone has at least one hobby, whatever it might be – it could be playing video games, watching TV shows, practicing sports, going to the beach, hiking, or anything else that can help you unwind at the end of the day. Hobbies can be done alone or as a part of a group and they are extremely important for our mental health, as they make us feel happier and more relaxed.Not everybody wants to turn their hobby into a career but, for some, their passion can be a lot more than just a fun way to pass...
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How surveying your employees can improve your startup

As a standard business practice, most companies survey their customers. You may have even sent surveys of your own. Businesses survey their customers to gauge customer loyalty, see how likely customers are to refer a business to family and friends, and to measure their overall satisfaction with the products and services they are using.Customer surveys provide powerful data that can help your startup improve. So, it stands to reason that asking your employees for their opinions can even further y...
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How startups can offer career advancement opportunities to their employees

The job market is tight, and the number of voluntary separations by employees is rising year over year. It's an employees' market, and it's more important than ever to take care of your staff. What does this mean for your startup?To be successful and retain the best employees, you want to put the professional development of your team at the forefront. The most talented workers want to enhance their skills.This is good not only for your team but for your startup. Here's how startups can offer car...
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8 tips to eradicate employee burnout

You may not think your employees are feeling overworked, but the reality is that many staff members are at risk of burnout.That's the word from a Gallup poll conducted last year, which found that 23 percent of employees felt burned out at work either "always" or "very often," while another 44 percent described themselves as being burned out "sometimes." This leaves only about a quarter of full-time employees not at risk of burnout.If you're of the mindset that staff members are replaceable if th...
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How to help your employees feel more engaged at work

Going through the hiring process for a new startup is not only time consuming but costly. You've put forth a lot of effort to create a top notch team, and you'd like to retain them into the future.To create employee loyalty, you want to help them feel engaged with your company. In this article, we look at how to help your employees feel more engaged at work.When they're more engaged, they're more productive and more committed to your startup.Model communicationOne way to create an engaged workfo...
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5 ways startups can encourage healthy habits for their staff

 Did you know that nearly 80% of adult Americans don't get the recommended amounts of exercise each week? This is a set up for many different types of problems.What's more, many people spend most of their day sitting in uncomfortable chairs in front of a computer. This can lead to back, wrist, neck, and hand pain.Ultimately, without a workplace wellness plan, your startup may end up with unhealthy and unhappy team members. But you can help. Let's look at five ways startups can encourage hea...
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5 ways startups can help employees from all backgrounds feel welcome

As a new startup, you can set your company culture and employee morale right from the outset.You've worked hard to hire the right people for your business. This may mean you have people of all ages, races, genders, religions and political affiliations sharing a space.In addition, you want them to feel comfortable and happy so you can build a cohesive team. To do this, they must all be welcomed.Here are five ways startups can help employees from all backgrounds feel welcome. #1: Startup at t...
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How startups can develop a mentorship program for employees

As a new business, you've spent many hours creating job descriptions, plowing through resumes, interviewing candidates, onboarding them, and training them for their new positions.That's a lot of time and money invested, so you want to retain your new staff for the long haul. One way to help create employee loyalty is to provide them with a mentor.In this article, we look at how startups can develop a mentorship program for employees. Define your objectiveBefore you begin your mentorship pro...
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How startups can provide feedback to employees

Startups are uniquely poised to create their own company culture right from the outset.As a new business, you can set the tone for your culture through your own employee morale. There are many things you can do to set the tenor of your business, and one such way is through your feedback process.Let's look at how startups can provide feedback to employees.Why feedback is importantFrom the beginning days of your startup and in your employee onboarding, it's important to let your new team members k...
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