This week’s top stories include small business advice covering the following four topics:
- Small Business Crowdfunding: Best Crowdfunding Platforms in 2020
- 5 HR Challenges Entrepreneurs Face Today (and How to Overcome Them)
- How Acquisition Entrepreneurship Turned Country Archer Into One Of The World’s Fastest Growing Brands
- 8 Surprising Signs You Could Be an Entrepreneur
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.
Small Business Crowdfunding: Best Crowdfunding Platforms in 2020
By Connor Wilson
When you need funding to launch your startup or pilot an existing business through the next phase of growth, loans are an obvious choice. But if you want to go the nontraditional route and cast the net wider than business financing, you might consider crowdfunding instead.
In a nutshell, this means raising capital to fund a business venture from a pool of individuals, essentially connecting business owners who need money with individuals who want to fund their efforts. For example, you might launch a campaign to raise $100,000 and receive contributions of $1,000 each from 100 individual investors.
Crowdfunding platforms have brought this type of fundraising for small businesses into the mainstream, with entrepreneurs reaping many of the benefits. Understanding the ins and outs of how it works and what your options are can increase the odds of success.
Related Post: Advice About Crowdfunding
5 HR Challenges Entrepreneurs Face Today (and How to Overcome Them)
By: Jaime Lizotte
Raise your hand if you’ve ever heard yourself muttering these words under your breath (or out loud, for that matter):
“They did what?”
“Who quit? Are you kidding me?”
“Please tell me I’m not the only one who has to deal with this !@#$%.”
Chances are, these utterances are accompanied by something that caught you by surprise. Or that you simply don’t have enough time in a day to get everything done. While there are numerous rewards for creating memorable customer experiences and being your own boss, the business side of entrepreneurship can be challenging.
To help you create efficiencies, and potentially improve your bottom line, here are some common business challenges and ways you can manage them better.
Related Post: How to Calculate the Cost of Employee Turnover
How Acquisition Entrepreneurship Turned Country Archer Into One Of The World’s Fastest Growing Brands
By: Dave Knox
Entrepreneurship is often about celebrating the founder. Names like Phil Knight, Steve Jobs, and Elon Musk can’t be separated from mentions of Nike, Apple, and Tesla. But there is a different sort of entrepreneur that made companies like McDonald’s a household name. They were able to identify an existing company with untapped potential, acquire that business, and then lead it to tremendous growth. It is called entrepreneurship through acquisition or ETA for short. Eugene Kang is just that type of entrepreneur. Kang is the CEO of Country Archer, a business that he bought for $500,000 in 2010 and over the last decade, has grown into one of the largest jerky companies in the world. I sat down with Eugene to talk about his journey, how retail is changing, and the challenge of driving innovation in a category.
Related Post: Advice About Buying An Existing Business
8 Surprising Signs You Could Be an Entrepreneur
By: Oliver Isaac
Generally speaking, an entrepreneur is one who sets up a particular business or enterprise for long-term profit. Being a successful entrepreneur, however, is something else entirely. It means being a jack of all trades who’s unafraid to get their hands dirty and can work efficiently. Most entrepreneurs can spot these qualities in themselves from a young age; it’s in their gut and something that can’t be shaken off so easily. But in case you’re unsure whether you share common traits with the likes of Bill Gates and Steve Jobs or have what it takes to escape the race by pursing and building your own idea, here are eight telltale signs to watch for.
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