From hiring a team to creating a marketing strategy, every business venture involves some level of calculated risk. As a business owner or entrepreneur, risk-taking is simply part of the role.
While it’s impossible to predict how a decision will pay off, there are steps you can take to mitigate cost and uncertainty. Below, we outline the steps and potential benefits of calculated risk. For a condensed version of our take, jump to the infographic.
No matter what you do for a living, what industry you work in, or how far into your career you are, it’s likely that you have had the opportunity to work from home at one point or another. While many see working remotely as the ultimate work perk, it can sometimes be difficult to achieve maximum productivity when it becomes your routine due to the many distractions workers often face when working in the same place that they relax.
Successfully managing yourself can be challenging, but it is important to master this skill early and to use it often. This is a crucial skill to master, as those that are able to self-manage are more effective at their jobs and generally are happier and less stressed at work. While some distractions feel inevitable, there are steps you can take to minimize their effect on your productivity. One easy way to manage distractions is to create boundaries with friends, partners, and roommates by letting them know that you won’t be able to interact with them when you are working.
Check out the interesting infographic here
This is an absolutely brilliant presentation on how to embrace rejection (which we encounter so often as entrepreneurs) and convert such rejection into opportunities
Author Malcolm Gladwell talks about business lessons for entrepreneurs from his latest book, David and Goliath: Underdogs, Misfits and the Art of Battling Giants.
Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, explains his “social business” model, a plan for addressing social issues through entrepreneurship.
Useful video on how to generate ideas and find opportunities for both aspiring entrepreneurs seeking business ideas and existing business owners seeking product innovation or new markets
Idea Generation :: SLU Entrepreneurship Diplomate from SLU-Center for Entrepreneurship on Vimeo.
Matthew Hussey’s rise to success as a speaker and a coach has been meteoric. From beginning as a one to one coach working with people in coffee shops, he now runs programs across the globe for people looking to take every area of their lives to the next level. In this video, he provides an informative and powerful lecture titled: The Psychology of Entrepreneurship. It is a long video (over an hour) but it is simply brilliant and an inspiration to all young people
An on-the-train, in between coffee breaks, mobile app for marketing- by Google for entrepreneurs. Please click here to go to the Primer website to download the iPhone or Android app
This is a financial literacy quiz for aspiring and existing entrepreneurs. This is the kind of information every entrepreneur big or small should be familiar with.
This web link has been contributed by Emily Williams
If your entrepreneurial business has just started convening meetings of the Board of Directors, it will be important to ensure you do not end up having pointless lengthy conversations leading to ‘zero results’. With some careful planning and foresight, you can make these meetings livelier, engaging, effective and highly productive.
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