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7 crucial startup lessons no one teaches you in business school

Every early stage startup faces challenges and very few become successful without experiencing some setbacks. To be a startup founder you need to be resourceful, relentless, and resilient to overcome all the obstacles you face. And while attending business school may help to prepare you, "the real learning happens when your business is tested in difficult situations," says startup founder and CEO Zeynep Ilgaz. From hiring and firing friends and managing multicultural teams to handling lawsuits a...
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The five barriers to women in business

The UK economy stands to benefit from a £250 billion ($326 billion) boost by closing the gender gap in entrepreneurship. Following independent research into the barriers women face to starting a business, the UK treasury is planning to increase the number of female entrepreneurs in the UK by 50 per cent. While the recommendations call for greater transparency to combat gender bias in funding, lack of finance isn't the only challenge facing female entrepreneurs. Here, successful women share ...
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How to think about (and reduce) risk when you’re starting your own business

To reap the rewards of running a successful business you need to be prepared to take some risks. While entrepreneurs are known for being more risk-tolerant than most other people, there's a big difference between taking calculated risks and being reckless. Here, Brian Marcel shares four questions to help you think about risk well before you launch. He also shares the steps you can take to minimise risk and overcome some of the financial and other challenges inherent in starting your own business...
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The silent enemy of an entrepreneur

Building your own business requires some sacrifices and you not only need prepare for the challenges that lie ahead, you also need to be aware of the pitfalls. One issue that's often overlooked is the loneliness that can creep up on startup founders and CEOs. Here, Sharon Lechter shares some top tips on how to "avoid this silent enemy, or overcome it if you are already experiencing it," while smoothing your transition from employee to entrepreneur and building your reputation as a well-respected...
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5 common business struggles every entrepreneur will face

Starting and running your own business is never easy. Every entrepreneur has their fair share of business struggles to deal with and when you're juggling multiple responsibilities it's easy to feel overwhelmed at times. While there will always be obstacles for you to overcome, the better prepared you are the more likely you'll spot the hurdles coming your way rather than tripping over them. With that in mind, Shea Drake shares here the solutions to some of the most common business challenge...
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7 challenges women entrepreneurs face (and how to overcome them)

All entrepreneurs face challenges yet gender inequality and cultural expectations continue to create additional challenges for women. Although the ranks of female entrepreneurs and female-owned businesses are on the rise, men still outnumber women in entrepreneurship. And while raising the necessary funding to start and grow a business is challenging for any startup, women founders often find it more difficult to be taken seriously and receive less funding than their male counterp...
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Why women-owned startups are a better bet

Women entrepreneurs continue to face challenges that aren't an issue for their male counterparts—and limited access to funding remains one of their biggest hurdles. Female founders have a harder time raising venture capital and when they do get funding, it's less than half the amount invested in businesses founded by men. Yet women-led businesses deliver more than twice as much revenue per dollar invested, according to research by the Boston Consulting Group in partnership with MassCha...
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Startup financing challenges and how to overcome them

Whether you're starting a new company from scratch or looking to grow your business, securing the right funding to achieve your goals can be time-consuming and stressful. "The type of investor you approach will depend largely on where your company is in its development," writes Matt D'Angelo. Here, he shares some top tips to help you find investors that are the right fit for your company, how networking can help you get your company in front of the right investors, and how seeking...
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The challenges SMEs face when sending employees abroad

Hiring and retaining the right people is challenging for any business. And choosing a suitable candidate who can meet the demands of an overseas assignment creates additional challenges. Compared with large companies, SMEs often have less experience in having staff based overseas, smaller budgets for relocation and fewer resources available to support employees on long-term assignments abroad. While having staff based overseas always comes with some risks, the rewards of a successful assignment ...
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Entrepreneurship takes a mental toll: Here's how to cope

Although many people think of entrepreneurship as a way to escape the 'rat race' of a daily commute, a demanding boss, an unfulfilling job or a stifling company culture, the reality is that running your own company can also take its toll on your mental health.  Entrepreneurship has its own responsibilities and challenges and it's easy to become overwhelmed if you're not prepared for them. To help you keep a healthy perspective during your entrepreneurial journey, business and leadershi...
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