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

The benefits of offering employees continuing education

As a small business, you know that the process of finding the right team members is costly and time consuming. Job postings, recruiting, interviewing, hiring and onboarding add up quickly. In addition, you know that keeping your employees around is vital to the survival of your startup because going through the hiring process over and over zaps your budget and your energy. One way to boost both your business and employee morale is with learning opportunities. In this article, we look at the bene...
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Onboarding best practices for startups

Did you know that more than 30% of new hires quit a job within the first six months? This is a pretty staggering number considering that you run a startup. The hiring budget is tight, and you've spent a lot of time hiring the best available talent. The last thing you want is to lose them. So, how do you increase your chances of keeping the top talent you hired? The answer is onboarding. What is onboarding? For many business owners it means giving new employees a tour of the facilities, showing t...
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How startups can maximize their recruiting budgets

As a new company in the early stages, you may not have an excess budget for recruiting and hiring employees. Yet, like any other company, you want the best talent. So, how do you compete for the most competent new hires without a big budget? Let's look at how startups can maximize their recruiting budgets so they can compete with established, larger companies. Focus on the web It's a given that before anyone submits a resume to work for your startup, they've done a bit of internet research . The...
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Taking action to get future ready now


Global executives gained inspiration to Get Future Ready Now during the Executive Growth Alliance Summit.   Future-readiness means having the confidence, peers support, collaborating partners and commitment to: Explore new ideas Take Action and drive change Empower others to explore, learn, fail and innovate Listen openly to customers, employees, partners Take risks Seek and embrace diversity Rapid advances in technology, changing customer buying patterns, increasing global competition and ...
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Why you should care about what current and past employees are saying about your company online

When looking for new employees, you want to set your company up for success. This may mean several things for your business when crafting your job posting ads. It turns out that according to Career Builder nearly 75% of job seekers begin their search online. What does this mean for your hiring potential? It means you want a clean, respectable online reputation. What's being said about your business online is vital not only to your revenue stream but to your well-being as an appropriately staffed...
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How startups can use newsletters to accelerate growth

Of all the marketing methods for your startup, email is one of the most powerful. What's more 59% of marketers say it is the number one ROI-generating marketing method. Many companies, in fact, are increasing their spend on email marketing because it simply works. Because email marketing is a great tool for you, let's look at how startups can use newsletters to accelerate growth.   Build your list One of the hardest parts of email marketing in the beginning is growing your list. You can do ...
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10 tips to help you reduce employee turnover

According to data from the US Bureau of Labor Statistics , three million people have voluntarily left their jobs every month since June 2017. If you're an employer, that is worrisome news. As a startup, you're going to spend some money and a whole lot of time hiring new staff and onboarding them. You want employees who stick around. To help you with employee retention, we look at five tips to help you reduce employee turnover. #1: Analyze turnover rates If you've been in business long enough, yo...
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8 tips for creating a great startup office

Whether you are about to launch your startup, or you already have, you've probably had many ideas about what your office would look like and feel like. After all, it's quite common to think of the startup office as the cool place with the ultra-hip and chic vibe, and you might want that feel for your own space. So, how do you create the perfect office where people have the freedom to move around, the flexibility to work where they are most productive, with design elements that are attractive to ...
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Mindfulness activities for stress relief

Everyone gets stressed from time to time. A long day at work, a fight with a friend or a big change in plans can leave you feeling tense, and that's normal. But constant stress is  ​not normal.  ​In fact, it's actually bad for your health. Stress can lead to all sorts of unpleasant conditions like high blood pressure, heart disease, obesity, and digestive problems.  If any of this is sounding familiar, you aren't alone. According to the American Psychological Association in 2014, ...
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How to make flexible schedules work for your startup

According to the Harvard Business Review , nearly 90% of American workers would take a lower paying job if they had the option for a flexible work schedule. Those numbers are sure to be similar across the globe. Why? In today's digital age, employees understand that for many jobs, they are able to work remotely. It provides a certain freedom not traditionally found in the workplace. What's more, when they work remotely, they are happier, and their productivity soars. Flexible work schedules are ...
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