This week’s top stories include small business advice covering the following four topics:
- Equity. To Give Or Not To Give, That Is The Question
- Freelancer Pay: What Are You Worth?
- 10 Life and Business Lessons from Jeff Bezos’ Opening Statement to Congress
- 5 Entrepreneurial Lessons On Mentorship
Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.
Equity. To Give Or Not To Give, That Is The Question
By: Holly Eve
There are many ways for entrepreneurs to fund their businesses. Loans, credit cards, equity, and crowdfunding are the most common avenues. Non-equity options build over time until a company generates enough profit to be eligible for smaller community loans, and eventually, traditional bank loans. While it may take longer to achieve your goals, these channels enable you to maintain full ownership and control of your company. However, if you are motivated to accelerate the growth of your business and are open to having partners, equity may be the right match for you. Before you make contact with financial backers, understand what having an investor will mean for you and your company.
Related Post: How to Allocate Initial Equity in a Startup
Freelancer Pay: What Are You Worth?
By: David Howell
Freelancers have more control over their income, but what are the levels of pay across the freelance sector? Will COVID-19 have an impact and, what does the future hold for freelance income?
One of the characteristics of the freelance life is an unpredictable income. Periods of famine and feast are common. When I started freelancing rates of pay varied wildly depending on the job and the company I was working for. Have rates of pay improved over the last few years? And will the current pandemic have a lasting impact on rates of pay across the small business and freelancing communities?
Related Post: How to Determine Your Hourly Rate as a Freelancer
10 Life and Business Lessons from Jeff Bezos’ Opening Statement to Congress
By: Steve Glaveski
The chief executives of the world’s four biggest tech firms appeared before Congress this week.
Amazon CEO, Jeff Bezos, was there to defend against Antitrust allegations that Amazon has been undercutting competitors by pricing products at a loss that only it can sustain, thus shutting out competitors in the long-term.
Bezos’ annual shareholder letters have been referenced by entrepreneurs worldwide to inform strategy, decision-making, and inspire their organizations to great heights, and weather the storm that inevitably comes with any difficult pursuit.
And like his eloquent and thought-provoking shareholder letters, Bezos’ opening statement to the US House Committee on the Judiciary, was equally compelling, drawing from his experiences growing up, to his relationship with his parents and grandfather, to overcoming the countless critics and insurmountable odds with Amazon.
Like his shareholder letters, his statement is full of actionable golden nuggets that can serve us both in life and in business.
Related Post: Messages from successful Entrepreneurs
5 Entrepreneurial Lessons On Mentorship
By: Goldie Chan
What makes a great mentor?
When we think about mentorship, we often skip over what it took to get to a place to be able to mentor – or that most mentors themselves are still seeking advice or counsel from others. I sat down with Gregarious Narain, a serial entrepreneur and founder, having founded more than a dozen companies over the past 25 years, to speak about mentorship in his life.
Greg has been at the forefront of influencer and content marketing. His current company, Fanbase, offers creators and influencers the first CRM designed for their audience. Previously, he co-founded Chute (YC W12), a user- and influencer- generated content platform raised $16MM before being acquired in 2018. Prior to Chute, Greg was the first employee and V.P. Product at Klout, the online standard for influence. Here are five lessons in mentorship to share with your teams.
Related Post: How To Be All That You Can Be – Get a Coach/Mentor
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