Month: August 2020

Implementing These 2 Strategies Can Help Entrepreneurs Reduce Financial Stress

Finances don’t have to be a constant source of stress on your entrepreneurial journey.

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4 min read

Opinions expressed by Entrepreneur contributors are their own.

When you think about the sheer number of components it takes to build a , your mind starts to race. There are the structural elements, such as the type of business, products and services, the , client fulfillment and more.

As an entrepreneur, your focus might tend to be on what you need the most right now. An informal poll of entrepreneurs would probably point toward a discussion of prospecting and closing new business. It would center around getting more sales and the filling of pipelines. 

While the here-and-now are essential, successful entrepreneurs think strategically. They focus on long-term moves they can make, because they understand that’s the most powerful way to scale a business.

Related: 5 Personal-Finance Habits of Wealthy Entrepreneurs

Improve your relationship with money.

Too many of us start our adult life having to figure it out when it comes to money and creation. The beginning years of adulthood tend to leave marks, and we carry those into . This can mean pricing what we offer lower than the value we

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6 Ways Leaders Are Failing Their Remote Teams

6 min read

Opinions expressed by Entrepreneur contributors are their own.

Just when you thought you had this whole thing pinned down, a global pandemic completely changed the game. Now, instead of interacting with your face-to-face, you’ve gotten used to seeing your employees smiling faces from a screen. And what’s more, you also have to adjust how you manage and motivate them from afar.

Understandably, there’s going to be a learning curve. But, many leaders are continuing to fail their remote teams by committing the following six mistakes.

1. Lack of clear goals, direction, or priorities.

“As with any team, virtual or colocated, a lack of clear goals and priorities will inhibit team performance,” states Rick Lepsinger, co-author of Virtual Team Success: A Practical Guide for Working and Leading from a Distance. Of course, this isn’t the easiest of tasks when trying to communicate with a geographically distributed team. But, as long as you reassess the team’s goals as priorities as they shift over time, the odds of being a more effective leader increase.

Lepsinger says that effective teams can outline goals quickly, and a good leader can clarify how each team member will work to reach them. From there, you can use virtual meetings and post updates on your “site to inform

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Check Your Bias When it Comes to Working Mothers

8 min read

Opinions expressed by Entrepreneur contributors are their own.

“And who stays with your son in the afternoon?” the nurse had asked, furiously pecking away at the keyboard as she captured all the answers to her questions at that annual physical checkup. What is he eating these days? Does he nap in the afternoon? When is he starting school full time?

“With our nanny,” I had replied, helping him put his shoes back on.

“Not with you?” the nurse had asked, surprised. 

“Umm, no, I work and so….”

“Ohhh.” A long pause. Her eyebrows arched high, and a judgmental smile slowly crept across her face.

“The doctor will see you now. You can head into the Dora the Explorer room.”

I felt the steam rising from my face as I managed to gather myself, my child and my bag, which was overflowing with granola bars, fruit snacks, crayons, paper, a water bottle — anything he might need. All the while I was wondering: How is the question of who stays with my child in the afternoons relevant to the annual checkup?

Today, August 26, marks the 100th anniversary of the 1920 adoption of the 19th Amendment. Today is about celebrating women’s right to vote (though women of color were not able to vote until much

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How to Email an Investor You’ve Never Met — and Get a Response!

9 min read

This story originally appeared on The Successful Founder

It might seem incredible that an unsolicited email from a startup founder to an investor they’ve never met could result in a response, let alone a multimillion-dollar deal, but it does happen. I know because we’ve made investments this way, including one of the most valuable companies in the Storm portfolio, which came to us through a . In this post, I’ll explain the qualities that can make a cold email successful—at least for me.

Target your email appropriately

If you’re thinking about blasting out a mass email to every investor you can find an address for, you’re wasting your own time, not to mention that of any potential investors. If I see a message that I can tell has been sent or Bcc’d to 3000 other investors, I’ll probably delete it without reading, as I imagine you would too.

We all get a ton of email and drawing from my own inbox as an example, I get a shocking number of emails from entrepreneurs who shouldn’t have targeted me for whatever reason. For starters, it’s no secret that my focus is B2B SaaS; if you’re working on a life sciences or consumer product , I wouldn’t know how to build that

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How Remote Work Will Transform the Innovation Landscape and Establish a New Kind of Entrepreneur

5 min read

Opinions expressed by Entrepreneur contributors are their own.

, , , Singapore –– each of these major global cities relate in that they are major hotbeds of innovation. These cities hustle and bustle for a reason: critical meetings on the state of the nation’s future were being conducted, entrepreneurs and idea makers were putting their heads together to invent new technologies, and whiz kids met over cups of coffee to discuss startup ideas. 

There is something about the physical environment and face-to-face interaction within such ecosystems that enables humanity to formulate and execute game-changing innovations. Yet, in a step toward making remote work a permanent future, Facebook, and Siemens told their employees that they can work from home until July 2021. The nature of many jobs has changed, with remote work becoming the next normal. This shift towards “digital by default” and “remote-first” structures has been cranked to its maximum capacity across the country, causing innovation to take on a new face. 

However, there are claims that physical isolation of employees could potentially hamper product development and innovation. In a Bloomberg Opinion piece, Tyler Cowen wrote, “Even as grow more essential, the geographic distribution of company activity will also make them less unique. They’ll start

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Google Search Adds More Tools to Ease Business Profiles, Location Updates

Each month, 15 million edits are made to Google Business Profiles, the information a business can use to update their customer information. Last week, Google announced it is making it easier for a business owner to post updated information at one location — and have the information appear on several locations. (For instance, a post on Google Maps will also update information on a Profile Page.)

“Today, we’re making it easier to update a company’s Business Profile directly from Google products you already use,” says Tom Pritchard, product lead, Google My Business. “Now you can create posts, reply to reviews, add photos and update business information right from Google Search and Maps.”

Here is how it works.

  1. To start, make sure you are signed in with the Google account used to verify your business.’
  2. On Google Maps, tap your profile picture on the top right corner of the mobile app and select “Your Business Profile” to access these tools.
  3. On Google Search, you can look up your business by name or search for “my business” to update your profile.
  4. Business owners can continue to use the Google My Business website and mobile app to update business information and connect with customers.

New or Updated Features.

  • The ability to update a business listing not just from Search, but also from
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